Electrosteel Castings Ltd · ELECTCAST
₹1.2K Cr
₹1.4K Cr
₹1.6K Cr
₹1.8K Cr
₹1.8K Cr
₹1.9K Cr
₹1.9K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹1.8K Cr
₹1.8K Cr
₹1.7K Cr
₹1.6K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
—
20-quarter listed-company comparison
DI Pipes/Saw Pipes Stocks in India
DI Pipes/Saw Pipes: Jindal Saw Ltd owns the largest revenue base; Welspun Corp Ltd has the fastest current growth.
01 · the index people search for
Nifty DI Pipes/Saw Pipes Index — Constituents & Performance
The DI Pipes/Saw Pipes companies below are the listed Indian DI Pipes/Saw Pipes universe this page tracks — the same constituent set people search for as the Nifty DI Pipes/Saw Pipes index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
02 · the sector itself · before any single company
How has DI Pipes/Saw Pipes moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 28% behind NIFTY 500. Earnings across its companies fell 36% on average over the last four reported quarters.
ASLEEP · 1y −5.6%⚠Price down, no fundamental support2 of 4 companies ahead of NIFTY 500 by 5% or more over three months
RS — · 2/4 >200d (+0) · 2/4 lead (−1) · EPS 1/4↑
DI Pipes/Saw Pipes, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
DI Pipes/Saw Pipes, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
DI Pipes/Saw Pipes, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is DI Pipes/Saw Pipes outperforming NIFTY 500?
DI Pipes/Saw Pipes has outperformed NIFTY 500 by 0.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 1.8%. 2 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Welspun Corp Ltd is the strongest against the sector itself at +42.6%. Readings are as of 2026-07-19.
-1.8%Sector vs NIFTY 500 · 13 weeks
+0.7%Sector vs NIFTY 500 · 52 weeks
2/4Stocks leading NIFTY 500
3/4Stocks leading sector
Sector metric: 28.4 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
DI Pipes/Saw Pipes has outperformed NIFTY 500 by 0.7% over 52 weeks and 1.8% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. Jindal Saw Ltd leads with revenue of ₹18,262 crore, based on 4 of 4 comparable companies through Jun 2026.
Companies
4
complete canonical membership
Combined market value
₹69.6K Cr
Welspun Corp Ltd
Revenue growing
1/4
positive TTM year-on-year growth
Beating NIFTY 500
2/4
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Welspun Corp Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 90% evidence confidence.
Jindal Saw Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Welspun Corp LtdWELCORP | 69.7/100Favorable setup90% evidence | LEADER | 25.3/35 Revenue 20.2% · PAT 15.8% · OPM change 2 pp 100% evidence | 19.4/25 ROCE 22.9% · OPM 17% 100% evidence | 5.0/20 P/E 18.9× · PEG 4.69 50% evidence | 20.0/20 RS sector 42.6% · RS bench 60.8% · 1Y 86.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 19.4 + 5 + 20 = 69.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Jindal Saw LtdJINDALSAW | 42.0/100Mixed-negative evidence97% evidence | LEADER | 2.7/35 Revenue -8.6% · PAT -58.6% · OPM change -7 pp 100% evidence | 6.7/25 ROCE 10.4% · OPM 9% 100% evidence | 12.6/20 P/E 25.2× · PEG 0.4 85% evidence | 20.0/20 RS sector 8.8% · RS bench 23.9% · 1Y 15.3%11 of 12 weeks ahead 100% evidence |
| Exact sum: 2.7 + 6.7 + 12.6 + 20 = 42 · Decision use: Price leads the evidence: RS versus the benchmark is 23.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 3Jai Balaji Industries LtdJAIBALAJI | 38.0/100Mixed-negative evidence87% evidence | ASLEEP | 4.5/35 Revenue -13.1% · PAT -66.4% · OPM change -4.5 pp 88% evidence | 17.6/25 ROCE 36.1% · OPM 3.5% 100% evidence | 12.9/20 P/E 18× · PEG 0.96 85% evidence | 3.0/20 RS sector -28.5% · RS bench -25.5% · 1Y -49.8%5 of 10 weeks ahead 70% evidence |
| Exact sum: 4.5 + 17.6 + 12.9 + 3 = 38 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Electrosteel Castings LtdELECTCAST | 31.6/100Adverse evidence87% evidence | ASLEEP | 4.5/35 Revenue -19.1% · PAT -77.3% · OPM change -4.9 pp 88% evidence | 5.6/25 ROCE 5.2% · OPM 4.1% 100% evidence | 11.7/20 P/E 23× · PEG 0.35 85% evidence | 9.8/20 RS sector 2.5% · RS bench -14.4% · 1Y -38.9%4 of 10 weeks ahead 70% evidence |
| Exact sum: 4.5 + 5.6 + 11.7 + 9.8 = 31.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
05 · what price has already done
Market action
Welspun Corp Ltd has the strongest one-year price move in DI Pipes/Saw Pipes at +86.1%. It also leads on Mansfield relative strength against NIFTY at +60.8%. 2 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against DI Pipes/Saw Pipes itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
Jindal Saw Ltd has the highest Revenue among the 4 DI Pipes/Saw Pipes companies compared here, at ₹18,262 crore. Welspun Corp Ltd is next at ₹17,300 crore. Welspun Corp Ltd has the highest Revenue growth at 20.2%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Jindal Saw Ltd is the scale leader at ₹18,262 crore, 5.6% ahead of Welspun Corp Ltd. Welspun Corp Ltd's growth is 20.2% from a ₹17,300 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderJindal Saw Ltd · ₹18,262 crore
Gap5.6% versus #2 · Welspun Corp Ltd
Persistence2/8 recent comparable periods
Coverage4/4 companies · 78 observations
Investor read: Jindal Saw Ltd is the scale benchmark; Welspun Corp Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Jindal Saw Ltd's growth falls below Welspun Corp Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
4/4 level · 4/4 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Jindal Saw Ltd JINDALSAW | ₹4.5K Cr | 9.0% | Jun 2026 |
| Welspun Corp Ltd WELCORP | ₹4.1K Cr | 15% | Jun 2026 |
| Jai Balaji Industries Ltd JAIBALAJI | ₹1.7K Cr | 9.8% | Mar 2026 |
| Electrosteel Castings Ltd ELECTCAST | ₹1.5K Cr | -12% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Jai Balaji Industries Ltd · JAIBALAJI
₹1.1K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.4K Cr
₹1.5K Cr
₹1.7K Cr
₹1.5K Cr
₹1.5K Cr
₹1.5K Cr
₹1.8K Cr
₹1.7K Cr
₹1.6K Cr
₹1.5K Cr
₹1.6K Cr
₹1.4K Cr
₹1.4K Cr
₹1.3K Cr
₹1.7K Cr
—
Jindal Saw Ltd · JINDALSAW
₹3.0K Cr
₹3.5K Cr
₹4.0K Cr
₹3.5K Cr
₹4.0K Cr
₹5.2K Cr
₹5.2K Cr
₹4.4K Cr
₹5.5K Cr
₹5.7K Cr
₹5.4K Cr
₹4.9K Cr
₹5.6K Cr
₹5.3K Cr
₹5.0K Cr
₹4.1K Cr
₹4.2K Cr
₹4.9K Cr
₹4.6K Cr
₹4.5K Cr
Welspun Corp Ltd · WELCORP
₹1.3K Cr
₹1.2K Cr
₹2.8K Cr
₹1.3K Cr
₹2.0K Cr
₹2.4K Cr
₹4.1K Cr
₹4.1K Cr
₹4.1K Cr
₹4.8K Cr
₹4.5K Cr
₹3.1K Cr
₹3.3K Cr
₹3.6K Cr
₹3.9K Cr
₹3.6K Cr
₹4.4K Cr
₹4.5K Cr
₹4.3K Cr
₹4.1K Cr
Revenue growth · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
—
—
—
61%
53%
29%
18%
-4.6%
7.6%
0.9%
7.1%
19%
-4.7%
-4.8%
-15%
-23%
-24%
-17%
-12%
—
Jai Balaji Industries Ltd · JAIBALAJI
—
—
—
53%
30%
20%
25%
-0.8%
13%
0.1%
7.1%
16%
0.7%
-3.4%
-14%
-21%
-13%
-11%
9.8%
—
Jindal Saw Ltd · JINDALSAW
—
—
—
—
36%
49%
31%
27%
35%
9.7%
4.6%
12%
1.9%
-6.8%
-7.0%
-17%
-24%
-6.2%
-8.2%
9.0%
Welspun Corp Ltd · WELCORP
—
—
—
6.4%
55%
94%
48%
208%
107%
98%
9.6%
-23%
-19%
-24%
-12%
13%
32%
25%
9.9%
15%
07 · compare level, then change
Operating Economics & Margin Trend
Welspun Corp Ltd has the highest OPM among the 4 DI Pipes/Saw Pipes companies compared here, at 17%. Jindal Saw Ltd is next at 9%. The same company also holds the highest Margin change, at +2 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Welspun Corp Ltd leads both opm at 17% and margin change at +2 percentage points.
LeaderWelspun Corp Ltd · 17%
Gap88.9% versus #2 · Jindal Saw Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 78 observations
Investor read: Welspun Corp Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Welspun Corp Ltd WELCORP | 17% | +2.0 pp | Jun 2026 |
| Jindal Saw Ltd JINDALSAW | 9.0% | −7.0 pp | Jun 2026 |
| Electrosteel Castings Ltd ELECTCAST | 4.1% | −4.9 pp | Mar 2026 |
| Jai Balaji Industries Ltd JAIBALAJI | 3.5% | −4.5 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
11%
13%
14%
12%
8.7%
10%
10%
10%
16%
22%
16%
18%
15%
14%
9.0%
11%
7.0%
2.3%
4.1%
—
Jai Balaji Industries Ltd · JAIBALAJI
5.0%
4.0%
2.8%
4.0%
4.6%
4.6%
3.7%
14%
14%
16%
13%
18%
15%
13%
8.0%
9.0%
5.0%
1.7%
3.5%
—
Jindal Saw Ltd · JINDALSAW
13%
5.9%
10%
6.9%
8.2%
10%
12%
14%
15%
17%
17%
17%
16%
18%
15%
16%
11%
12%
10%
9.0%
Welspun Corp Ltd · WELCORP
7.5%
6.6%
3.5%
2.2%
-6.7%
7.0%
10%
9.0%
10%
10%
7.0%
12%
12%
12%
12%
15%
14%
14%
12%
17%
Margin change · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
−0.2 pp
−1.9 pp
+0.3 pp
−3.0 pp
−2.6 pp
−3.2 pp
−3.8 pp
−1.5 pp
+7.4 pp
+12.0 pp
+6.0 pp
+8.0 pp
−1.0 pp
−8.0 pp
−7.0 pp
−7.0 pp
−8.0 pp
−11.7 pp
−4.9 pp
—
Jai Balaji Industries Ltd · JAIBALAJI
+1.6 pp
−3.0 pp
−3.0 pp
−2.8 pp
−0.4 pp
+0.6 pp
+0.9 pp
+10.0 pp
+9.4 pp
+11.4 pp
+9.3 pp
+4.0 pp
+1.0 pp
−3.0 pp
−5.0 pp
−9.0 pp
−10.0 pp
−11.3 pp
−4.5 pp
—
Jindal Saw Ltd · JINDALSAW
+1.1 pp
−4.9 pp
−2.5 pp
−7.7 pp
−4.5 pp
+4.1 pp
+1.9 pp
+7.2 pp
+6.8 pp
+7.0 pp
+5.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
−2.0 pp
−1.0 pp
−5.0 pp
−6.0 pp
−5.0 pp
−7.0 pp
Welspun Corp Ltd · WELCORP
−7.0 pp
−6.8 pp
−7.8 pp
−10.5 pp
−14.2 pp
+0.4 pp
+6.5 pp
+6.8 pp
+16.7 pp
+3.0 pp
−3.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
+5.0 pp
+3.0 pp
+2.0 pp
+2.0 pp
0.0 pp
+2.0 pp
08 · compare level, then change
Profit Scale & Acceleration
Welspun Corp Ltd has the highest Net profit among the 4 DI Pipes/Saw Pipes companies compared here, at ₹2,319 crore. Jindal Saw Ltd is next at ₹602 crore. The same company also holds the highest Profit growth, at 15.8%. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Welspun Corp Ltd leads with ₹2,319 crore of TTM profit, 285.2% above Jindal Saw Ltd. Welspun Corp Ltd shows 15.8% growth from a ₹2,319 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderWelspun Corp Ltd · ₹2,319 crore
Gap285.2% versus #2 · Jindal Saw Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 78 observations
Investor read: Welspun Corp Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Welspun Corp Ltd WELCORP | ₹1.0K Cr | 200% | Jun 2026 |
| Jindal Saw Ltd JINDALSAW | ₹91 Cr | -78% | Jun 2026 |
| Jai Balaji Industries Ltd JAIBALAJI | ₹21 Cr | -72% | Mar 2026 |
| Electrosteel Castings Ltd ELECTCAST | ₹16 Cr | -90% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
₹45 Cr
₹97 Cr
₹113 Cr
₹95 Cr
₹53 Cr
₹79 Cr
₹89 Cr
₹75 Cr
₹175 Cr
₹263 Cr
₹227 Cr
₹226 Cr
₹155 Cr
₹160 Cr
₹168 Cr
₹89 Cr
₹78 Cr
₹-22 Cr
₹16 Cr
—
Jai Balaji Industries Ltd · JAIBALAJI
₹7 Cr
₹12 Cr
₹7 Cr
₹22 Cr
₹21 Cr
₹28 Cr
₹-13 Cr
₹170 Cr
₹202 Cr
₹235 Cr
₹273 Cr
₹209 Cr
₹153 Cr
₹120 Cr
₹75 Cr
₹71 Cr
₹26 Cr
₹12 Cr
₹21 Cr
—
Jindal Saw Ltd · JINDALSAW
₹108 Cr
₹1 Cr
₹122 Cr
₹-16 Cr
₹21 Cr
₹143 Cr
₹298 Cr
₹244 Cr
₹356 Cr
₹512 Cr
₹480 Cr
₹416 Cr
₹475 Cr
₹479 Cr
₹87 Cr
₹415 Cr
₹139 Cr
₹248 Cr
₹124 Cr
₹91 Cr
Welspun Corp Ltd · WELCORP
₹84 Cr
₹61 Cr
₹201 Cr
₹-1 Cr
₹-63 Cr
₹23 Cr
₹240 Cr
₹168 Cr
₹387 Cr
₹294 Cr
₹287 Cr
₹248 Cr
₹283 Cr
₹672 Cr
₹699 Cr
₹349 Cr
₹444 Cr
₹456 Cr
₹371 Cr
₹1.0K Cr
Profit growth · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
—
—
—
107%
18%
-19%
-21%
-21%
230%
233%
155%
201%
-11%
-39%
-26%
-61%
-50%
-114%
-90%
—
Jai Balaji Industries Ltd · JAIBALAJI
—
—
—
0.0%
200%
133%
-286%
673%
862%
739%
—
23%
-24%
-49%
-73%
-66%
-83%
-90%
-72%
—
Jindal Saw Ltd · JINDALSAW
—
—
—
—
-81%
14,200%
144%
—
1,595%
258%
61%
70%
33%
-6.5%
-82%
-0.2%
-71%
-48%
43%
-78%
Welspun Corp Ltd · WELCORP
—
—
—
-101%
-175%
-62%
19%
—
—
1,178%
20%
48%
-27%
129%
144%
41%
57%
-32%
-47%
200%
09 · compare level, then change
Return On Capital Employed
Jai Balaji Industries Ltd has the highest ROCE among the 4 DI Pipes/Saw Pipes companies compared here, at 36.1%. Welspun Corp Ltd is next at 22.9%. Welspun Corp Ltd has the highest ROCE change at +1.3 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Jai Balaji Industries Ltd leads ROCE at 36.1%, 13.2 percentage points above Welspun Corp Ltd. Welspun Corp Ltd has the strongest latest improvement at +1.3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderJai Balaji Industries Ltd · 36.1%
Gap57.6% versus #2 · Welspun Corp Ltd
Persistence4/8 recent comparable periods
Coverage4/4 companies · 61 observations
Investor read: Jai Balaji Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Welspun Corp Ltd WELCORP | 16% | +1.3 pp | Jun 2026 |
| Jindal Saw Ltd JINDALSAW | 9.6% | −11.4 pp | Jun 2026 |
| Jai Balaji Industries Ltd JAIBALAJI | 9.1% | −24.0 pp | Mar 2026 |
| Electrosteel Castings Ltd ELECTCAST | 2.6% | −10.3 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
10%
—
11%
—
12%
—
10%
—
12%
18%
17%
23%
19%
19%
13%
13%
7.7%
7.1%
2.6%
—
Jai Balaji Industries Ltd · JAIBALAJI
-12%
—
-17%
—
17%
—
20%
28%
37%
56%
46%
75%
43%
59%
33%
31%
17%
—
9.1%
—
Jindal Saw Ltd · JINDALSAW
11%
—
9.2%
—
6.8%
—
11%
—
16%
24%
21%
27%
23%
26%
21%
21%
15%
14%
10%
9.6%
Welspun Corp Ltd · WELCORP
11%
—
3.8%
—
-2.9%
—
3.3%
—
15%
25%
15%
24%
15%
27%
15%
33%
18%
31%
16%
—
ROCE change · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
—
—
—
—
+1.6 pp
—
−0.5 pp
—
−0.2 pp
—
+7.0 pp
—
+7.3 pp
+0.7 pp
−4.3 pp
−10.2 pp
−11.2 pp
−11.9 pp
−10.3 pp
—
Jai Balaji Industries Ltd · JAIBALAJI
—
—
—
—
+29.4 pp
—
+37.4 pp
—
+19.3 pp
—
+25.4 pp
+46.8 pp
+6.8 pp
+2.6 pp
−12.4 pp
−43.9 pp
−26.1 pp
—
−24.0 pp
—
Jindal Saw Ltd · JINDALSAW
—
—
—
—
−3.8 pp
—
+2.0 pp
—
+9.4 pp
—
+9.4 pp
—
+6.8 pp
+1.7 pp
−0.1 pp
−6.4 pp
−8.1 pp
−11.5 pp
−10.5 pp
−11.4 pp
Welspun Corp Ltd · WELCORP
—
—
—
—
−13.5 pp
—
−0.5 pp
—
+17.7 pp
—
+12.1 pp
—
−0.2 pp
+2.0 pp
−0.4 pp
+9.1 pp
+3.0 pp
+4.1 pp
+1.3 pp
—
10 · compare level, then change
Valuation Against Growth & Quality
Electrosteel Castings Ltd has the lowest PEG among the 4 DI Pipes/Saw Pipes companies compared here, at 0.35×. Jindal Saw Ltd is next at 0.4×. Jai Balaji Industries Ltd has the lowest P/E at 18×, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Electrosteel Castings Ltd has the lowest comparable PEG at 0.35×, 12.5% below Jindal Saw Ltd. Only 4 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderElectrosteel Castings Ltd · 0.35×
Gap12.5% versus #2 · Jindal Saw Ltd
Persistence0/8 recent comparable periods
Coverage4/4 companies · 13 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
Valuation · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Welspun Corp Ltd WELCORP | 4.7 | 23.8 | Jun 2026 |
| Jai Balaji Industries Ltd JAIBALAJI | 1.0 | 17.5 | Mar 2026 |
| Jindal Saw Ltd JINDALSAW | 0.4 | 17.0 | Jun 2026 |
| Electrosteel Castings Ltd ELECTCAST | 0.4 | 14.1 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
—
0.3
—
—
0.1
—
—
—
—
—
—
—
—
—
0.4
—
—
—
—
—
Jai Balaji Industries Ltd · JAIBALAJI
—
—
—
—
0.2
—
—
—
—
—
—
—
—
—
1.0
—
—
—
—
—
Jindal Saw Ltd · JINDALSAW
0.1
—
—
—
—
—
—
0.2
—
—
—
—
0.4
—
—
—
—
—
—
—
Welspun Corp Ltd · WELCORP
0.3
—
—
—
—
—
—
—
—
—
—
—
—
—
0.4
0.4
0.5
—
—
4.7
P/E · reported quarter history
Electrosteel Castings Ltd · ELECTCAST
7.0
6.0
6.3
4.7
5.0
5.8
5.6
11.3
14.3
15.8
17.6
14.1
14.7
9.7
7.9
11.6
10.2
9.5
14.1
—
Jai Balaji Industries Ltd · JAIBALAJI
17.3
10.1
8.3
9.4
9.7
10.3
7.4
16.3
32.0
31.0
25.0
15.9
19.8
17.5
15.9
21.8
20.7
20.0
17.5
—
Jindal Saw Ltd · JINDALSAW
7.6
6.1
6.4
6.0
10.0
15.6
11.2
12.4
12.3
10.9
9.0
10.3
12.9
9.7
8.9
8.9
7.7
7.7
10.6
17.0
Welspun Corp Ltd · WELCORP
4.9
7.9
9.2
12.6
19.8
26.9
25.3
33.0
28.0
17.7
12.5
12.9
16.3
19.2
15.3
16.1
18.6
17.5
17.7
23.8
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This DI Pipes/Saw Pipes comparison names 4 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 4 DI Pipes/Saw Pipes companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 0 unverified · 0 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
13 · questions investors ask, short speakable answers
DI Pipes/Saw Pipes company comparison FAQs
These 23 answers restate the DI Pipes/Saw Pipes comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the DI Pipes/Saw Pipes sector outperforming NIFTY 500?
DI Pipes/Saw Pipes has outperformed NIFTY 500 by 0.7% over 52 weeks and 1.8% over 13 weeks. 2 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.
Which DI Pipes/Saw Pipes company is largest by revenue?
Jindal Saw Ltd leads with revenue of ₹18,262 crore, based on 4 of 4 comparable companies through Jun 2026.
Which DI Pipes/Saw Pipes company is growing fastest?
Welspun Corp Ltd has the fastest current revenue growth at 20.2%, across 4 of 4 comparable companies.
Which DI Pipes/Saw Pipes company has the strongest 4-Factor Sector Score?
Welspun Corp Ltd ranks first at 69.7/100 with 90% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which DI Pipes/Saw Pipes company has the lowest comparable PEG?
Electrosteel Castings Ltd has the lowest comparable PEG at 0.35, among 4 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this DI Pipes/Saw Pipes comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
What is the Nifty DI Pipes/Saw Pipes index?
The Nifty DI Pipes/Saw Pipes index tracks India's listed DI Pipes/Saw Pipes companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the DI Pipes/Saw Pipes sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best DI Pipes/Saw Pipes stocks in India?
Ranked by this page's four-factor score, Welspun Corp Ltd places first among 4 listed DI Pipes/Saw Pipes companies, followed by Jindal Saw Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many DI Pipes/Saw Pipes stocks are listed in India?
This comparison covers 4 listed DI Pipes/Saw Pipes companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which DI Pipes/Saw Pipes company is the biggest?
Jindal Saw Ltd is the largest, with trailing-twelve-month revenue of ₹18,262 crore, ahead of Welspun Corp Ltd at ₹17,300 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.
Which DI Pipes/Saw Pipes company has the best profit margins?
Welspun Corp Ltd has the highest operating margin at 17%, from 4 of 4 comparable companies. Welspun Corp Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which DI Pipes/Saw Pipes company makes the most profit?
Welspun Corp Ltd earns the most, at ₹2,319 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Welspun Corp Ltd has the fastest profit growth at 15.8%, though growth off a small or recovering profit base overstates how much has actually changed.
Which DI Pipes/Saw Pipes company earns the highest return on capital?
Jai Balaji Industries Ltd leads on return on capital employed at 36.1%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which DI Pipes/Saw Pipes stock is the cheapest?
On PEG — where a LOWER number is cheaper — Electrosteel Castings Ltd screens cheapest at 0.35×. Only 4 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the DI Pipes/Saw Pipes sector beating the market?
DI Pipes/Saw Pipes has outperformed NIFTY 500 by 0.7% over the last 52 weeks and 1.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which DI Pipes/Saw Pipes stock has the strongest price momentum?
Welspun Corp Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which DI Pipes/Saw Pipes company scores highest for research priority?
Welspun Corp Ltd scores 69.7 out of 100 with 90% evidence confidence, from 25.3 points on growth and earnings, 19.4 on capital efficiency, 5 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many DI Pipes/Saw Pipes companies does this comparison cover, and over what period?
It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the DI Pipes/Saw Pipes sector?
The 4 DI Pipes/Saw Pipes companies on this page carry ₹69,605 crore of combined market value. Welspun Corp Ltd is the largest at ₹43,541 crore, about 63% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the DI Pipes/Saw Pipes sector performing?
2 of the 4 covered DI Pipes/Saw Pipes companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 0.7% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.