Jindal Saw Ltd  EXPORT TO EXCEL  UNFOLLOW

Jindal Saw is engaged in a leading global manufacturer and supplier of Iron & Steel pipes and pellets having manufacturing facilities in
India.(Source : 201903 Annual Report Page No: 88)

Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Market Cap:  1,970 Cr. Current Price:  61.70 52 weeks High / Low  102.70 / 39.85

Book Value:  211.49 Stock P/E: 4.36 Dividend Yield: 3.24 %

ROCE: 10.00 % ROE: 9.24 % Sales Growth (3Yrs): 18.04 %

Listed on BSE and NSE Company Website Face Value:  2.00

Price to book value: 0.29 Sales growth 5Years: 7.21 % Current ratio: 1.00

Industry PE: 20.24 Average 5years dividend:  45.74 Cr. Pro t growth 5Years: 54.18 %

Add ratio: eg. Promoter holding  Edit ratios

1m 3m 6m 1Yr 3Yr 5Yr Max Price Price to Earning

Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
 Price: NSE 50 DMA 200 DMA Volume

Pros: Cons:
Stock is trading at 0.29 times its book value Company has low interest coverage ratio.
Stock is providing a good dividend yield of 3.24%. Tax rate seems low
Company has delivered good pro t growth of 54.18% CAGR over last 5 years Company has a low return on equity of 7.55% for last 3 years.
Contingent liabilities of Rs.2466.19 Cr.

** Remarks:
Some businesses are provided tax bene ts to encourage their development

Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
Peer comparison Sector: Steel // Industry: Steel - Large
 EDIT COLUMNS

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Pro t Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %

1. JSW Steel 286.80 52.58 69300.20 0.70 -561.00 -154.57 11782.00 -40.53 9.10

2. Tata Steel 428.65 48263.64 2.33 -4416.56 -726.29 24288.51 -32.43 5.49

3. SAIL 40.10 6.32 16542.37 1.25 2647.52 437.12 16171.83 -12.55 8.52

4. APL Apollo Tubes 2399.30 29.39 5964.71 0.58 16.78 -67.59 1109.81 -46.43 20.67

5. Tata Steel BSL 25.25 2755.27 0.00 -650.09 -1674.83 2697.00 -37.75 2.72

6. Jindal Stain. Hi 98.10 6.16 2336.77 0.00 105.28 29.02 2246.07 -17.37 18.41

7. Jindal Stain. 45.75 32.30 2223.93 0.00 -64.96 -176.15 3094.11 -12.78 10.98

8. Jindal Saw 61.70 4.36 1969.72 3.24 -9.24 -107.03 1640.79 -46.32 10.00

Detailed Comparison with: eg. Infosys

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone Product Segments

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Sales + 2,761.18 2,960.12 2,958.12 3,437.58 3,056.46 2,681.59 2,987.97 2,901.02 1,640.79

Expenses + 2,407.77 2,615.72 2,591.87 3,038.87 2,661.59 2,341.18 2,608.33 2,508.10 1,457.61
Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Operating Pro t 353.41 344.40 366.25 398.71 394.87 340.41 379.64 392.92 183.18

OPM % 12.80% 11.63% 12.38% 11.60% 12.92% 12.69% 12.71% 13.54% 11.16%

Other Income 35.34 36.43 33.59 418.71 25.18 4.90 -16.00 -16.07 41.24

Interest 183.09 170.44 115.69 146.01 146.07 155.30 152.46 163.75 134.80

Depreciation 93.17 100.49 102.93 99.69 100.21 100.73 102.18 118.55 107.51

Pro t before tax 112.49 109.90 181.22 571.72 173.77 89.28 109.00 94.55 -17.89

Tax % 32.04% 33.65% 32.95% 13.80% 37.02% -187.60% 39.92% 68.74% -48.52%

Net Pro t 92.75 97.18 138.91 521.32 131.37 301.04 89.55 32.79 -9.24

EPS in Rs 2.90 3.04 4.34 16.31 4.11 9.41 2.80 1.03 -0.29

Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone Product Segments

Dec Mar
Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2008 2010

Sales + 5,354 7,110 4,586 6,036 6,765 6,656 8,208 7,703 7,070 8,507 12,117 11,627 10,211

Expenses + 4,648 5,857 3,724 5,362 6,163 6,017 7,254 6,979 6,381 7,468 10,654 10,118 8,915

Operating Pro t 706 1,253 862 675 602 639 954 723 689 1,038 1,463 1,509 1,296

OPM % 13% 18% 19% 11% 9% 10% 12% 9% 10% 12% 12% 13% 13%

Other Income 31 57 61 -46 -116 29 76 136 318 26 524 -3 14

Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
 Dec Mar
Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2008 2010

Interest 215 258 182 165 236 392 606 679 569 579 615 618 606

Depreciation 84 159 164 182 219 321 335 328 337 363 396 422 429

Pro t before tax 437 894 577 282 31 -46 89 -148 101 122 975 467 275

Tax % 25% 24% 23% 33% 163% -120% 131% 46% 62% 109% 22% 1%

Net Pro t 329 680 445 189 -19 -86 -14 -40 114 178 850 555 414

EPS in Rs 12.11 3.88 15.78 6.68 0.00 0.00 0.00 0.00 3.56 5.58 26.59 17.35 12.95

Dividend Payout
8% 5% 6% 15% -146% -32% -200% -76% 28% 22% 8% 12%
%

* Sales is net of excise duty and discounts

Compounded Sales Growth Compounded Pro t Growth Stock Price CAGR Return on Equity
10 Years: 5.04% 10 Years: -1.14% 10 Years: -10.54% 10 Years: 2.90%
5 Years: 7.21% 5 Years: 54.18% 5 Years: 0.19% 5 Years: 5.03%
3 Years: 18.04% 3 Years: 82.29% 3 Years: -14.15% 3 Years: 7.55%
TTM: -17.73% TTM: -19.57% 1 Year: -11.10% Last Year: 9.24%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

Share Capital + 152 155 55 55 55 55 58 61 64 64 64 64

Reserves 2,655 3,532 4,014 3,641 3,612 3,513 5,332 5,061 5,322 5,432 6,218 6,700

Borrowings 1,824 1,081 2,289 3,587 5,159 5,989 8,102 7,547 6,222 6,311 5,692 5,188
Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

Other Liabilities + 1,672 1,244 1,288 2,043 1,886 1,858 2,507 1,676 1,248 1,389 2,807 3,523

Total Liabilities 6,204 5,912 7,647 9,325 10,713 11,416 15,999 14,346 12,856 13,197 14,781 15,475

Fixed Assets + 1,454 2,401 2,498 2,800 4,247 5,843 8,239 7,977 7,455 7,120 7,163 7,491

CWIP 819 367 665 1,502 1,410 343 531 254 102 126 260 423

Investments 79 326 276 45 154 75 309 154 119 110 190 129

Other Assets + 3,851 2,819 4,208 4,979 4,903 5,155 6,921 5,961 5,180 5,840 7,169 7,432

Total Assets 6,204 5,912 7,647 9,325 10,713 11,416 15,999 14,346 12,856 13,197 14,781 15,475

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Dec Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar Mar
2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Cash from Operating 318 1,686 -799 -296 222 109 -183 917 1,163 565 1,567 1,665
Activity +

Cash from Investing Activity + -563 -1,049 -593 -600 -1,482 -615 -867 -517 -428 -121 -518 -469

Cash from Financing 153 -604 1,005 979 1,255 359 1,253 -512 -816 -470 -977 -1,168
Activity +

Net Cash Flow -92 33 -387 83 -5 -148 203 -112 -81 -25 72 28

Ratios Consolidated Figures in Rs. Crores / View Standalone

Jindal Saw Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
 Dec 2008 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

ROCE % 16% 24% 13% 9% 6% 4% 7% 4% 4% 7% 10% 10%

Debtor Days 86 43 103 94 91 96 91 83 71 83 67 59

Inventory Turnover 2.67 3.80 2.22 2.08 2.32 2.21 1.89 1.71 1.76 2.24 2.82 2.36

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Promoters + 53.59 53.59 53.59 53.59 63.01 63.01 63.01 63.01 63.02 63.02 63.02 63.02

FIIs + 11.20 11.87 12.79 11.07 10.57 10.17 10.01 10.25 10.57 10.97 11.81 9.67

DIIs + 9.65 6.60 4.27 3.81 3.34 3.07 2.42 1.45 1.57 1.37 1.26 1.41

Public + 25.56 27.94 29.35 31.53 23.08 23.75 24.56 25.29 24.84 24.64 23.52 25.49

Others + 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.39 0.41

Recent announcements Annual reports Credit ratings

Reg. 34 (1) Annual Report 3h Financial Year 2019 from bse Jindal Saw Limited Mar 19 from
care
Compliances-Reg. 39 (3) - Details of Loss of Certi cate / Duplicate Certi cate Financial Year 2018 from bse
Aug 21 Jindal Saw Limited Mar 6 from
Financial Year 2017 from bse care
Intimation Under Regulation 3 Of SEBI (Share Based Employee Bene ts)
Jindal Saw
Regulations, ChartRegulations')
2014 ('SBEB AnalysisAug 14
Peers Quarters Profit & Loss Balance Sheet
Financial Cash bse
Year 2016 from Flow Ratios Investors Documents
Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Financial Year 2015 from bse Jindal Saw Limited 9 Oct 2019

Regulations, 2015 - Financial / Operational Highlights- 1St Quarter Results from care
Financial Year 2014 from bse
Aug 4
Jindal Saw Limited 18 Mar 2019
Financial Year 2013 from bse from care
Intimation Regarding Changes/Amendment In The Policies Of The Company
Aug 4
Financial Year 2013 from nse Jindal Saw Limited 13 Mar 2019
from care
Financial Year 2012 from bse
 VIEW ALL ANNOUNCEMENTS Jindal Saw Limited 8 Dec 2017
Financial Year 2012 from nse from care

Financial Year 2011 from bse

Financial Year 2011 from nse

Financial Year 2010 from bse

Financial Year 2010 from nse