Share price at the NSE close on 23 Oct 2026. Previous close ₹249.60.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹14,846 Cr471st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 16 Oct 2026
- 27.1
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 16 Oct 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.86%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 16 Oct 2026
- 4.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 16 Oct 2026
- 6.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 16 Oct 2026
- 0.34
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 29,08,45846.3% delivered
Results
Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Sep 2026, against the quarter beforeFiled 16 Oct
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,824 Crup 2.75%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹71 Crdown 35.60%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 1.8%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Dec 2024Filed 24 Jan | Mar 2025Filed 10 Jun | Jun 2025Filed 5 Aug | Sep 2025Filed 17 Oct | Dec 2025Filed 16 Jan | Mar 2026Filed 27 Apr | Jun 2026Filed 14 Jul | Sep 2026Filed 16 Oct |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,474 | 4,401 | 3,300 | 3,372 | 4,129 | 3,818 | 3,721 | 3,824 |
| Net profit | 477 | 474 | 364 | 79 | 227 | 114 | 110 | 71 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 10.7% | 10.8% | 11.0% | 2.4% | 5.5% | 3.0% | 2.9% | 1.8% |
Business segments
In the year to Mar 2026 the company reports one business segment, Iron & Steel Product, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 98% of 2,119 trading days over the last 10 years.
At or below today's level on 68% of 1,970 trading days since Nov 2018.
At or below today's level on 97% of 1,970 trading days since Nov 2018.
At or below today's level on 27% of 2,417 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −31.1% | −58.2% | +62.3% | 1.1% |
| 3 years | +36.8% | +3.3% | +31.6% | 0.9% |
| 5 years | +39.0% | +18.9% | +15.7% | 1.4% |
Mutual funds holding it
71 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 45 of the 52 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 18
- CutCut. Funds that held fewer shares than at the end of the month before.
- 34
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 17
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 2
| Fund | |||
|---|---|---|---|
 HSBC Value FundHSBC Mutual Fund | 79,29,144 | 1.50% | ₹220.2 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 75,67,590 | 0.26% | ₹210.2 Cr |
 Canara Robeco Small Cap FundCanara Robeco Mutual Fund | 66,77,855 | 1.33% | ₹185.4 Cr |
 Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 61,42,606 | 3.17% | ₹170.6 Cr |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund | 50,25,709 | 1.87% | ₹139.6 Cr |
 ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | 32,27,876 | 0.92% | ₹89.6 Cr |
| HSBC Small Cap FundHSBC Mutual Fund | 24,40,664 | 0.37% | ₹67.8 Cr |
 Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | 21,40,349 | 0.97% | ₹59.4 Cr |
| HSBC ELSS Tax saver FundHSBC Mutual Fund | 18,88,200 | 1.32% | ₹52.4 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 12,50,000 | 0.10% | ₹34.7 Cr |
Peers and competitors
Iron & Steel Products, 146 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Jindal Saw in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Welspun CorpWELCORP | 63,012 | 27.3 | 6.9 | 25.9 | +20.2% | +14.9% | 27.8% | 17.4% | 0.21% |
 APL Apollo TubesAPLAPOLLO | 56,467 | 45.9 | 10.7 | 30.4 | +9.6% | +53.4% | 25.9% | 27.9% | 0.42% |
 Shyam Metalics and EnergySHYAMMETL | 31,578 | – | 2.7 | 12.9 | +22.8% | – | – | 11.8% | 0.40% |
 Ratnamani Metals & TubesRATNAMANI | 16,211 | 37.4 | 3.9 | 22.5 | −16.3% | −24.1% | 11.2% | 13.2% | 0.43% |
 Usha MartinUSHAMART | 14,020 | 27.7 | 4.2 | 17.8 | +8.5% | +25.4% | 16.8% | 18.8% | 0.82% |
 Gallantt IspatGALLANTT | 13,074 | 32.1 | 3.7 | 21.0 | +5.5% | −17.3% | 12.4% | 12.3% | 0.37% |
 Godawari Power and IspatGPIL | 12,949 | 16.1 | 2.2 | 9.7 | +8.4% | +8.9% | 15.1% | 17.2% | 0.52% |
 Jayaswal Neco IndustriesJAYNECOIND | 8,612 | 12.5 | 2.6 | 6.3 | +18.3% | +82.8% | 23.4% | 25.3% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 5 Jun 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 11 Jun 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹4.00 |
| 13 Jun 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.00 |
| 19 Sep 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 8 Jul 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
22 Oct · Analysts
19 Oct · Analysts
14 Oct · Analysts
Jindal Saw share price by year
Each calendar year to 2025.Jindal Saw share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 167.94 | −42.4% | 284.60 | 157.05 |
| 2024 | 291.40 | +41.4% | 373.88 | 195.53 |
| 2023 | 206.03 | +297.9% | 253.40 | 53.68 |
| 2022 | 51.78 | +4.8% | 56.85 | 38.13 |
| 2021 | 49.43 | +30.3% | 71.20 | 35.28 |
| 2020 | 37.93 | +3.8% | 49.85 | 20.60 |
| 2019 | 36.53 | −13.9% | 47.58 | 31.85 |
| 2018 | 42.43 | −39.3% | 87.58 | 34.78 |
| 2017 | 69.93 | +152.7% | 69.93 | 28.10 |
| 2016 | 27.68 | −11.7% | 33.50 | 17.98 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 250.00 | 251.60 | 230.80 | 232.15 | 235.53 | 29,08,458 | 46.3% |
| 22 Oct 2026 | 266.40 | 266.40 | 247.25 | 249.60 | 254.06 | 31,92,074 | 34.8% |
| 21 Oct 2026 | 295.20 | 298.00 | 269.40 | 270.40 | 275.06 | 31,87,225 | 38.5% |
| 19 Oct 2026 | 287.00 | 299.05 | 278.70 | 295.60 | 292.97 | 35,10,549 | 39.8% |
| 16 Oct 2026 | 300.70 | 312.50 | 294.00 | 301.55 | 305.04 | 35,97,362 | 36.9% |
| 15 Oct 2026 | 299.00 | 302.30 | 292.00 | 299.20 | 298.48 | 26,13,658 | 52.2% |
| 14 Oct 2026 | 282.95 | 299.45 | 282.25 | 297.10 | 294.59 | 28,59,637 | 36.0% |
| 13 Oct 2026 | 281.00 | 283.90 | 275.55 | 283.05 | 281.06 | 9,49,473 | 51.5% |
| 12 Oct 2026 | 272.00 | 282.45 | 271.40 | 281.10 | 277.73 | 17,16,265 | 47.8% |
| 9 Oct 2026 | 269.05 | 272.45 | 264.70 | 269.60 | 268.85 | 12,52,076 | 49.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 9 Oct 2024 | Split | 0.5000 | Each share became 2. |
| 10 Dec 2009 | Split | 0.2000 | Each share became 5. |
About Jindal Saw
Jindal Saw Limited manufactures and supplies iron and steel pipes and tubes for water, oil and gas, and industrial uses, in India and abroad. It was founded in 1984 by Mr P.R. Jindal under the guidance of Shri O.P. Jindal. It began making longitudinal pipes at its Kosi Kalan facility in Mathura district, Uttar Pradesh, which received its first API licence in 1986.
The business has two parts: pipes and tubes, and pellets and mining. Pipes and tubes are made by helical and longitudinal submerged arc welding, centrifugal casting, and piercing and extrusion, from carbon steel and alloy steel, ductile iron and stainless steel. The company also supplies protective coatings and ancillaries such as fittings, bends and flanges. In pellets and mining, it operates a mechanised magnetite mine in Rajasthan and a 1.65 MTPA pellet plant at Bhilwara, Rajasthan.
Its manufacturing is spread across seven Indian states: Uttar Pradesh, Gujarat, Maharashtra, Andhra Pradesh, Karnataka, Rajasthan and Madhya Pradesh. Abroad, its wholly owned subsidiary Jindal SAW Gulf LLC in Abu Dhabi produces large-size rust-free iron pipes at an installed capacity of 300,000 tonnes a year, and a step-down subsidiary in Baytown, Texas runs a double jointing and coating facility for the North American market. In the year to March 2026 it formed a joint venture in Saudi Arabia with Buhur for Investment Company, in which it holds 51 per cent.
In 2024 a tribunal approved the merger into the company of two subsidiaries and an associate that made pipes, coatings and ductile iron fittings. The company also acquired Sathavahana Ispat's iron pipe plant in Andhra Pradesh through insolvency proceedings, and has exited several non-core companies as part of a restructuring.
- Legal name
- Jindal Saw Limited
- NSE symbol
- JINDALSAW
- BSE code
- 500378
- ISIN
- INE324A01032
- Industry
- Industrial Products
- Listed
- Oct 1986 on BSE, Apr 2003 on NSE
- Face value
- ₹1
- Former symbols
- SAWPIPES
- CIN
- L27104UP1984PLC023979
- Corporate identity number, the registrar of companies' code for it