Jindal Drilling & Industries share price today

Jindal Drilling & Industries Ltd's share price was ₹528.05 at the close on 4 November 2026. It has been rising for 22 weeks. That is 9.3% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 4 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Jindal Drilling & Industries Ltd is in stage 2. The phase helps read everything below.

In the last 52 weeks it traded between ₹446 and ₹670, and at that close it sat 37% of the way up from that low.

Over the last 11 years the share price moved +309% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 9 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), highest quarterly revenue in 15 quarters and operating margin down 6 points on a year earlier.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹275 crore, +8.3% on a year earlier.

2. Highest quarterly revenue in 15 quarters

   Revenue of ₹275 crore in the June 2026 quarter is the highest of the last 15 quarters.

3. Operating margin down 6 points on a year earlier

   36% in the June 2026 quarter, from 42%.

   Why: Operating margin fell because other expenses rose and there were fewer foreign exchange swings than in the prior quarter.

   Next results: check whether the margin rises as lower rate rigs leave and revenue falls.

   From the earnings call on 10 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Jindal Drilling & Industries reported revenue of ₹275 crore, up 8.3% from ₹254 crore a year earlier, and a profit of ₹47.0 crore, down 28.8% from ₹66.0 crore.

Jindal Drilling & Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Jindal Drilling & Industries' management discussed these results on a call held on 10 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Jindal Drilling & Industries closed at ₹528.05 on 4 November 2026, down 4.0% from ₹550.05 a year earlier (7 November 2025) and up 272.0% over five years. Its highest weekly close since March 2016 was ₹929.60 on 7 February 2025.

Jindal Drilling & Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Jindal Drilling & Industries closed at ₹528.05, up 6.5% on the week and down 10.0% on the month. 1 Sep 2026: ex-date for a dividend of ₹1 a share.

Earlier

• 10 Aug 2026: Jindal Drilling & Industries held its results call for April to June 2026. Management guided: Jindal Pioneer refurbishment to finish by the first week of September, with deployment as early as October 2026.
• Our read, 19 Jul 2026: Revenue growth and the operating-profit recovery are real, but recent operating margins have stepped down from their mid-year high. The litigation reversal explains the reported loss without implying a loss of operating profitability, yet it also demonstrates why statutory profit is not a clean run-rate measure.
• Results for April to June 2026: Revenue up 8.3% and profit down 28.8% on a year earlier.

Our read of the business

Revenue growth and the operating-profit recovery are real, but recent operating margins have stepped down from their mid-year high. The litigation reversal explains the reported loss without implying a loss of operating profitability, yet it also demonstrates why statutory profit is not a clean run-rate measure.

January to March 2026: Revenue increased while operating margin remained below the mid-year level.

Our read after the January to March 2026 results, written 19 July 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

Jindal Drilling & Industries paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.19% at the ₹528.05 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 1 September 2026.

Jindal Drilling & Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Jindal Drilling & Industries Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years. 2 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 10 August 2026, Jindal Drilling & Industries' management guided: Jindal Pioneer refurbishment to finish by the first week of September, with deployment as early as October 2026.

“As of now, we are not looking at any acquisitions. We are only looking at the ability to redeploy the 3 rigs that are going to be de-hired in the later part of this financial year.”Kaushal, on the call for April to June 2026

What management guided

• Three rigs due for de-hire later this financial year expected to be redeployed, subject to customer tender nuances.
• Each de-hired rig faces 4-6 months of refurbishment, estimated at ₹90-110 crore per rig, with no revenue during the interval.
• H2 revenue expected to decline; absolute earnings should decline less than revenue and operating margin could increase.
• Earlier guidance to goal blended operating profit of 35% used for assessing the revenue shape.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 10 August 2026.

What is changing at Jindal Drilling & Industries, from the latest results and calls: tender-led fleet redeployment, operating cash supports maintenance cycle and directional-drilling optionality.

• Tender-led fleet redeployment. Limited suitable rigs and the ONGC tender pipeline can improve utilization after refurbishment. ⚠ estimate
• Operating cash supports maintenance cycle. Cash generation and lower borrowings provide partial capacity to fund the maintenance programme. ⚠ estimate
• Directional-drilling optionality. Management is evaluating adjacent drilling services alongside the core rig fleet. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the January to March 2026 results, written 19 July 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

Working-capital absorption persists while refurbishment spending and the vendor payment rise faster than operating cash.

Each change stops working if

• Operating cash supports maintenance cycle: Working-capital absorption persists while refurbishment spending and the vendor payment rise faster than operating cash.
• Directional-drilling optionality: No dated commercial contract or separately reported contribution emerges.

The main risks

• Refurbishment and funding execution: The fleet reset needs cash, time, and tender conversion before it creates earnings. ⚠ estimate
• Profit volatility from non-operating items: Recent statutory profit was materially altered by litigation-related other income and its reversal. ✓ fact
• ONGC concentration and revised expectations: The near-term commercial case remains dependent on ONGC tenders and rates that management has moderated across calls. ⚠ estimate

Our read after the January to March 2026 results, written 19 July 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Jindal Drilling & Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Pioneer refurbishment completion and deployment - check execution against the stated schedule and start of ONGC service.

Jindal Drilling & Industries is on one of our India lists: Oil & gas stocks.

Jindal Drilling & Industries Ltd earned ₹47.0 Cr of net profit in the Jun 2026 quarter, −28.8% on the same quarter a year earlier. Full-year FY26 profit was ₹211 Cr. Over 10 years profit has grown 5.0% a year on average. That is 17.1% of the quarter's revenue. The same quarter a year earlier earned ₹66.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

2 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹211 Cr (−2.3% on the year before).

Why profit moved: revenue changed +8.3% on a year earlier and the margin moved −6.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +18.7% and revenue +13.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q4. revenue ₹263 Cr and profit ₹45 Cr as reported.

FY27-Q1. revenue ₹275 Cr and profit ₹47 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Jindal Drilling & Industries Ltd reported ₹275 Cr of revenue in the Jun 2026 quarter, +8.3% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 12.0% a year on average. The last full year, FY26, came in at ₹997 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,018 Cr.

FY26 revenue was ₹997 Cr, +20.4% on the year before.

Recent pace: the last four quarters grew +13.8% on average, against 12.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +11.9%, against +21.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −19.3%, against +52.1% a year (rolling over).

FY26-Q4. revenue ₹263 Cr and profit ₹45 Cr as reported.

FY27-Q1. revenue ₹275 Cr and profit ₹47 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Jindal Drilling & Industries Ltd's operating margin was 36.0% in the Jun 2026 quarter, 6.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −267.0% and 38.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −6.3 percentage points on the year while gross margin changed +0.0 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

FY26-Q4. revenue ₹263 Cr and profit ₹45 Cr as reported.

FY27-Q1. revenue ₹275 Cr and profit ₹47 Cr as reported.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years, 209% of Jindal Drilling & Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹178 Cr of operating cash against ₹211 Cr of profit. After ₹49.0 Cr of spending on assets, ₹129 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. The latest annual cash conversion is weaker than the multi-year result, so this driver is support rather than proof that all refurbishment needs can be self-funded.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 209% of profit came in as cash: the cash cycle got 70 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.9× depreciation over three years. The next section checks what that spending is building.

Jindal Drilling & Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 82 days in FY26, down from 152 days in FY21. It spent ₹894 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹997 Cr, each day of that cycle ties up about ₹2.7 Cr, so roughly ₹224 Cr is tied up in the business at any time.

Spending on assets: ₹894 Cr over the last 3 years, against ₹304 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Jindal Drilling & Industries Ltd's P/E is 7.8×, in the middle of its own history: higher than 49% of past readings. Its usual P/E (the middle reading) is 7.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹66.14.