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India
As of 18 Sept 2026, 03:30 pm
As of June 30, 2026, Jindal Saw Limited maintained a security cover of 16.52 times on book value/market value for its secured NCDs. This represents a decrease from 16.81 times in the prior quarter. The total outstanding NCD amount, including interest, was ₹51,129.45 lakhs, with a required asset cover of ₹63,911.82 lakhs.
As of September 18, 2026, the daily trend for Jindal Saw shows a bearish SuperTrend direction with an ADX of 28.5. In contrast, the monthly trend indicates a bullish SuperTrend direction with an ADX of 22.89.
Jindal Saw Limited held virtual investor meetings on July 28, 2026, with ICICI Prudential MF and scheduled meetings for August 27, 2026, with Mirae Mutual Fund. These discussions were limited to publicly available information.
As of September 18, 2026, Jindal Saw's stock has shown the following returns: Year-to-Date (YTD) return was 0.73, a 6-month return of 0.46, and a 1-year return of 0.38. Over shorter periods, the 3-month return was 0.10, and the 1-month return was 0.08. The return since the start of the year was 0.03.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 5 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price swings are higher than typical
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹4,452.31 crore | ₹4,633.48 crore | PEAK₹4,943.41 crore | ₹4,233.60 crore | ₹4,084.68 crore |
| Profit Before Exceptional Items And Tax | ₹148.24 crore | ₹174.81 crore | ₹344.52 crore | ₹173.14 crore | PEAK₹363.91 crore |
| Profit Before Tax | ₹148.24 crore | ₹174.81 crore | ₹344.52 crore | ₹173.14 crore | PEAK₹363.91 crore |
| Profit Loss For Period | ₹90.79 crore | ₹123.68 crore | ₹247.62 crore | ₹138.56 crore | PEAK₹415.47 crore |
| Finance Costs | ₹108.43 crore | ₹162.70 crore | ₹132.81 crore | ₹152.91 crore | PEAK₹171.14 crore |
| Tax Expense | ₹52.08 crore | ₹47.97 crore | PEAK₹99.57 crore | ₹44.01 crore | -₹41.17 crore |
Revenue increased 9% from ₹4,084.68 crore in Q1 FY2025‑26 to ₹4,452.31 crore. Compared to the previous quarter (Q4 FY2025‑26), revenue declined 3.9% from ₹4,633.48 crore, indicating a sequential dip in sales.
A major factor in the net profit decline was the change in tax expense. In Q1 FY2025‑26, the company reported a tax credit of ₹41.17 crore, whereas this quarter it recorded a tax expense of ₹52.08 crore. This swing of ₹93.25 crore directly reduced net profit. The effective tax rate (tax expense as a percentage of profit before tax) moved from -11.3% to 35.1%.
Basic earnings per share fell from ₹6.66 in the year‑ago quarter to ₹1.63, a decline of 75.5%. Diluted EPS followed a similar pattern, dropping from ₹6.63 to ₹1.63.
Exchange disclosures and regulatory announcements for Jindal Saw.
Jindal Saw Ltd maintained a security cover of 16.52 times on book value/market value for its secured NCDs as of 30 June 2026, a decrease from 16.81 times in the prior quarter due to an increase in interest accrued but not due. The certificate, issued by P A Tulsyan and Company for Axis Trustee Services, confirmed compliance with all financial covenants for the June 2026 quarter. The outstanding NCD amount including interest was Rs. 51,129.45 lakhs, with required asset cover of Rs. 63,911.82 lakhs.
Jindal Saw Limited fixed September 11, 2026, as the record date for interest payment on its privately placed Non-Convertible Debentures (ISIN: INE324A07179) with an 8.50% coupon rate and a face value of Rs. 10 lakhs per bond. The interest payment is scheduled to be made on September 26, 2026, following the issuance size of 5,000 bonds totaling Rs. 500 crores. This notice was issued by Company Secretary Sunil Kumar Jain on August 24, 2026, to the National Stock Exchange of India.
Jindal Saw Ltd. notified stock exchanges on August 24, 2026, of a virtual investor meeting scheduled for Thursday, August 27, 2026, at 04:00 PM IST with Mirae Mutual Fund. The meeting will be conducted by company officials and restricted to publicly available information, with no unpublished price sensitive information intended for discussion.
Jindal Saw Limited will hold a virtual one-on-one institutional investor meeting with Mirae Mutual Fund's Fund Manager, Ms. Bharti Sawant, on August 27, 2026, at 16:00 IST, to discuss the company's business.
Jindal SAW Ltd. will hold a virtual investor meeting on Tuesday, July 28, 2026, at 03:00 PM IST with ICICI Prudential MF. Discussions will be limited to publicly available information, with no unpublished price sensitive information to be disclosed.
JINDAL SAW LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
Jindal Saw Limited reported Q1 FY27 standalone total income of INR 3,756 crores, a 13% increase from Q1 FY26, but EBITDA declined 40% to INR 341 crores, PBT fell 53% to INR 145 crores, and PAT dropped 70% to INR 110 crores. Consolidated total income rose 9% to INR 4,476 crores, while EBITDA decreased 39% to INR 421 crores, PBT fell 60% to INR 148 crores, and PAT dropped 78% to INR 91 crores. The company's API license suspension impacted seamless pipe business, and geopolitical issues in the MENA region affected exports, leading to muted performance in Q1 FY27.
Jindal SAW Ltd. will hold a virtual investor meeting with WFM Asia Hong Kong Fund on Wednesday, July 22, 2026, at 03:00 PM IST. Discussions will be limited to publicly available information, with no unpublished price sensitive information to be disclosed.
Recent market and company developments associated with Jindal Saw.
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Comprehensive Section Breakdown for Jindal Saw
Strategic Vision: Manufactures and supplies steel pipes, tubes, and pellets globally.
• Global manufacturing presence across multiple continents.
• Integrated operations including pellet production.
• Extensive product range serving critical infrastructure sectors.
• Subsidiary operations with specialized manufacturing capabilities.
Jindal Saw Ltd. reported its results for the first quarter of FY2026‑27 (reporting date: 30 June 2026). Revenue rose 9% year‑over‑year to ₹4,452.31 crore, but profit before tax fell 59.3% to ₹148.24 crore. A swing from a tax credit of ₹41.17 crore to a tax expense of ₹52.08 crore contributed to a 78% drop in net profit to ₹90.79 crore. Sequentially, revenue and profit also declined from the preceding quarter.
Profit before tax fell 59.3% to ₹148.24 crore from ₹363.91 crore a year earlier. Among the expense items with comparable year‑over‑year figures, Other Expenses increased 8.8% to ₹942.28 crore, while Finance Costs decreased 36.6% to ₹108.43 crore. The combined effect of these two items was a small increase in expenses of approximately ₹13.8 crore. However, the overall PBT decline of ₹215.67 crore was much larger, pointing to significant movements in other cost components or other income.
Jindal Saw’s Q1 FY2026‑27 results show a clear contrast between top‑line growth and bottom‑line performance. While revenue increased 9% year‑over‑year, profit before tax contracted 59% and net profit fell 78%, driven by a narrower pre‑tax margin and a swing from a tax credit to a tax expense. The sequential decline from the previous quarter adds to the picture of declining profitability. The significant drop in earnings per share highlights the extent of the profit erosion.
Category: Manufacturing
Manufactures a comprehensive range of pipes and tubes from carbon steel, stainless steel, and alloy steels using advanced processes.
Category: Manufacturing
Operates a high-performance pellet plant, contributing to integrated operations.
Category: Manufacturing
Through its subsidiary Jindal SAW Gulf LLC, produces DI pipes up to 2,200 mm in diameter for potable and wastewater transmission.
Core Thesis: The company leverages its integrated operations and global manufacturing footprint to serve diverse industrial needs.
• Global Manufacturing Footprint: Operates over 16 state-of-the-art facilities in India, USA, and UAE, with reach to European markets through partners. • Integrated Operations: Combines pipe and tube manufacturing with a high-performance pellet plant to strengthen its value chain. • Diverse Product Portfolio: Offers a wide range of pipes and tubes made from various steel types and engineered for specific applications.