# Jindal Drilling & Industries share price today (Jindal Drilling & Industries Ltd, NSE: JINDRILL)

> Jindal Drilling & Industries share price today: ₹511.25 at the NSE close on 3 November 2026, down 11.1% in a year. Jindal Drilling & Industries (NSE: JINDRILL) is worth ₹1,481 crore, trades at a P/E of 7.6 and has closed between ₹445.65 and ₹669.85 over the past 52 weeks. > Jindal Drilling & Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. JINDRILL · Oil Drilling & Exploration · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jindal-drilling-industries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹511.25 (−11.1% in a year)
- P/E: 7.6× (lower than 53% of the last 11 years)
- Revenue (Jun 2026): ₹275 Cr (+8.3% on a year ago)
- Profit (Jun 2026): ₹47.0 Cr (−28.8% on a year ago)
- Operating margin: 36.0% (−6.0 points on a year ago)
- ROCE: 14%, FY26
- ROIC: 9.7%, against a 12.0% cost of capital: −2.3 points

The main question: promoters moved +2.5 percentage points over 8 quarters while the business went the other way. ## What is the Jindal Drilling & Industries share price today? Jindal Drilling & Industries Ltd's share price was ₹511.25 at the close on 3 November 2026. It has been rising for 22 weeks. That is 12.2% 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. In the last 52 weeks it traded between ₹446 and ₹670, and at that close it sat 29% of the way up from that low. Over the last 11 years the share price moved +296% 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. ## What changed at Jindal Drilling & Industries this quarter? 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. ## What are Jindal Drilling & Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹275 crore | ₹254 crore | +8.3% |
| Profit | ₹47.0 crore | ₹66.0 crore | −28.8% |
| Earnings per share | ₹16.27 | ₹22.81 | −28.7% |
| Operating margin | 36.0% | 42.0% | −6.0 points |

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.)

## What is the Jindal Drilling & Industries share price history? Jindal Drilling & Industries closed at ₹511.25 on 3 November 2026, down 11.1% from ₹575.35 a year earlier (31 October 2025) and up 260.2% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹516.50 | −1.0% |
| 1 month ago · 1 Oct 2026 | ₹586.50 | −12.8% |
| 6 months ago · 30 Apr 2026 | ₹540.75 | −5.5% |
| 1 year ago · 31 Oct 2025 | ₹575.35 | −11.1% |
| 3 years ago · 3 Nov 2023 | ₹649.95 | −21.3% |
| 5 years ago · 4 Nov 2021 | ₹141.95 | +260.2% |
| 10 years ago · 4 Nov 2016 | ₹181.80 | +181.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹129.00 | +296.3% |
| Highest weekly close since March 2016 · 7 Feb 2025 | ₹929.60 | −45.0% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹44.35 | +1,052.8% |
| 52-week high (weekly close) · 22 May 2026 | ₹669.85 | −23.7% |
| 52-week low (weekly close) · 27 Feb 2026 | ₹445.65 | +14.7% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Jindal Drilling & Industries? 3 Nov 2026: Jindal Drilling & Industries closed at ₹511.25, down 1.0% on the week and down 12.8% 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.)

## What dividend does Jindal Drilling & Industries pay? Jindal Drilling & Industries paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.20% at the ₹511.25 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 1 September 2026. ### Jindal Drilling & Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 1 Sep 2026 | ₹1 | Dividend | same day |
| 14 Aug 2025 | ₹1 | Dividend | same day |
| 14 Aug 2024 | ₹0.50 | Dividend | same day |
| 14 Aug 2023 | ₹0.50 | Dividend | same day |
| 7 Sep 2022 | ₹0.50 | Dividend | 8 Sep 2022 |
| 14 Sep 2021 | ₹0.50 | Dividend | 15 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Jindal Drilling & Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/1180/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 10 August 2026.)

## What is the future of Jindal Drilling & Industries? What is changing in the business? 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.)

## What could change the Jindal Drilling & Industries story? What are the risks? 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.)

## What to watch in Jindal Drilling & Industries' next results? 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. - What to check (from the call)
- Pioneer refurbishment completion and deployment - check execution against the stated schedule and start of ONGC service. - De-hiring cohort renewals and tender outcomes - check revenue gap duration and redeployment timing. - H2 operating margin versus revenue decline - check whether owned and good-rate rigs protect profitability as stated. - ONGC Supreme Court proceedings - check for an order and any repayment-accounting implications. ## Which stock lists is Jindal Drilling & Industries on? Jindal Drilling & Industries is on one of our India lists: Oil & gas stocks. [Oil & gas stocks Group on the list: Oilfield services and drilling](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is Jindal Drilling & Industries profitable? 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. 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. ## How much revenue does Jindal Drilling & Industries make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Jindal Drilling & Industries keep? 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. 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. ## Is Jindal Drilling & Industries' profit turning into cash? 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. 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. ## Where does Jindal Drilling & Industries' cash go? 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. 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. ## What is Jindal Drilling & Industries' P/E ratio, and how does it compare with its own history? Jindal Drilling & Industries Ltd's P/E is 7.6×, in the middle of its own history: higher than 47% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −2.5% while the price moved −11.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +29.2% a year; about +76.7% a year came from earnings growth and about −47.5 percentage points from the multiple (the market paying less); over 10 years the price moved +10.9% a year; about +5.0% a year came from earnings growth and about +5.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Jindal Drilling & Industries share price assume? Worked out from its price on 20 July 2026, Jindal Drilling & Industries Ltd's share price assumed profit growth of about 1.0% a year. Over the past 10 years its profit actually grew 5.0% a year. Today its P/E is 7.6×, lower than 53% of its own last 11 years. This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Jindal Drilling & Industries business getting better or worse? Jindal Drilling & Industries Ltd's business is giving mixed signals. Profit and EPS growth are shrinking while ROCE is still rising at 17.6%, so growth and returns point different ways. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Jindal Drilling & Industries story, and has it been checked? Jindal Drilling & Industries Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 19 July 2026. What is proven. What is not proven yet. The thesis improves only if refurbished rigs return to work at higher realised day rates while operating margin stays near the latest level without further litigation-driven profit volatility; it breaks if refurbishment is delayed, the Pioneer vendor payment requires fresh funding, or operating margin falls further despite fleet deployment. What would change our mind. The thesis improves only if refurbished rigs return to work at higher realised day rates while operating margin stays near the latest level without further litigation-driven profit volatility; it breaks if refurbishment is delayed, the Pioneer vendor payment requires fresh funding, or operating margin falls further despite fleet deployment. The test written in advance. The test written in advance. Refurbishment and funding execution. Measured by: Refurbishment and funding execution Borrowings rise or the vendor payment remains unresolved without a disclosed cash source. by the next result. What the company does. 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. What the surface reading misses. The surface reading is: A quarterly loss suggests an operating breakdown. The research reads it further: Operating profit remained positive; the loss coincided with the litigation-related other-income reversal rather than a loss of the core drilling contribution. What the surface reading misses. The surface reading is: The reported profit surge suggests an earnings acceleration. The research reads it further: Most of the pre-tax profit came from other income linked to the litigation award, so the statutory profit spike was not a clean operating-margin signal. Lever 6 · Order-book wins: building. Limited suitable rigs and the ONGC tender pipeline can improve utilization after refurbishment. What proves it keeps working: Tender-led fleet redeployment. It stops working if Tender awards do not convert into deployed days after refurbishment, or realised rates remain at the low competitive level. Sources: our stock research file (19 July 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Jindal Drilling & Industries management deliver what it promised? What Jindal Drilling & Industries Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Jindal Pioneer Deployment Delayed · 10 August 2026. In Nov 2025, management expected the Jindal Pioneer refurbishment to conclude in Q4 FY26, while the Jan 2026 call said the rig was being brought back to India for the ONGC tender. In Aug 2026, management still described the rig as under refurbishment in the UAE and planned deployment in October 2026, a material timeline slippage that was not explained on the latest call. Refurbishment Downtime Estimate Increased · 10 August 2026. The Jan 2026 call estimated that refurbishment after de-hiring would take about 3 to 4 months. In Aug 2026, management raised the expected period to 4 to 6 months and confirmed that no revenue would accrue during the work; with three rigs due for de-hire, this increases near-term revenue and earnings risk without explaining the revised duration. Litigation Income Reversal · 30 January 2026. Management confidently stated in the November 2025 call that the ONGC litigation was concluded after a bank guarantee release, leading them to book a onetime gain of ~INR 100 crores. In the January 2026 call, they contradicted this finality, announcing that due to a Supreme Court appeal, they have now been forced to reverse this previously booked income entirely. Earlier call (Nov 2025): “At this point in time, the High Court ordered that the bank guarantee can be released. So we have booked it as other income.” Later call (Jan 2026): “However, since that point in time, the favorable award of the Bombay High Court was appealed in the Supreme Court... we should reverse the income which was already booked in the earlier quarter. Therefore, the other income line item is negative in the third quarter.”

Undisclosed Liability Contradicting Net Cash Narrative · 30 January 2026. In the November 2025 call, management touted a net cash position of INR 295 crores, explicitly claiming this improvement occurred 'despite the recent acquisition of Jindal Pioneer,' implying the asset was paid for or fully accounted for in that status. However, in the January 2026 call, they revealed a massive outstanding liability of $35 million (~INR 290 crores) specifically due to the Jindal Pioneer vendor, using this previously unhighlighted debt to explain why they cannot utilize cash for buybacks. Earlier call (Nov 2025): “Net cash position of the company, which has improved rapidly to INR 295 crores... It is important to note that the net cash position continues to improve despite the recent acquisition of Jindal Pioneer.” Later call (Jan 2026): “Additionally, there are dues of approximately $35 million to the vendor from whom we acquired Jindal Pioneer. ... That would consume almost the entire net cash we have right now.”

Every quote above is taken word for word from the company’s own earnings calls. ## How much does Jindal Drilling & Industries earn on its capital? Jindal Drilling & Industries Ltd earned a ROCE of 14% in FY26. That is up from a low of −31% in FY20. Its return on capital used (ROIC) is 2.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 21.2% net margin and 0.40× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.2% net margin × 0.40× asset turnover × 1.38× leverage (assets divided by equity) ≈ 11.7% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 9.7% − 12.0% = −2.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 9.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Jindal Drilling & Industries have too much debt? Jindal Drilling & Industries Ltd has total debt of ₹93.0 Cr against shareholder equity of ₹1,820 Cr as of Jun 2026, so its debt is 0.05× its equity, which is very little. Year by year, that ratio went from 0.18 in FY22 to 0.05 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Jindal Drilling & Industries shareholding pattern? Promoters raised their stake in Jindal Drilling & Industries Ltd by 2.5 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 66.8% of the company. Domestic institutions moved −0.6 points over the same period, to 0.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: +2.5 points over 8 quarters, to 66.8%; Domestic institutions: −0.6 points over 8 quarters, to 0.4%; Foreign institutions: +0.0 points over 8 quarters, to 0.5%. Why the owners changed: promoters drove it (+2.5 points), with the other side taken by domestic institutions (−0.6 points). They raised their stake step by step. ## How far is Jindal Drilling & Industries from balance-sheet trouble? For Jindal Drilling & Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Jindal Drilling & Industries rank in its industry? 47.2 out of 100, rank 7 of 10 in Oil Drilling & Exploration, with 74% of the evidence available. Jindal Drilling & Industries Ltd scores 47.2 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 7. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 9.3 + 13.8 + 16.1 + 8 = 47.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Jindal Drilling & Industries compared with? Jindal Drilling & Industries ranks 7 of 10 Oil Drilling & Exploration companies on the 4-Factor Sector Score, with 47.2 out of 100. 1. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ANTELOPUS · breaking out · Most evidence points up · 82% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 82.3% · Profit 100% · Operating margin change 16 points · 95% evidence Capital efficiency 21.0/25 · ROCE 19.9% · Operating margin 69% · 76% evidence Valuation 7.6/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 19.3/20 · Lead over its industry 23.7% · Lead over NIFTY 500 47.3% · 1 year 74.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.4 + 21 + 7.6 + 19.3 = 75.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) DEEPINDS · leader · Most evidence points up · 78% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 48.7% · Profit 100% · Operating margin change -2 points · 83% evidence Capital efficiency 16.8/25 · ROCE 16.5% · Operating margin 39% · 76% evidence Valuation 12.1/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 15.4/20 · Lead over its industry 12.8% · Lead over NIFTY 500 36.3% · 1 year 38.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25 + 16.8 + 12.1 + 15.4 = 69.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) DOLPHIN · breaking out · Most evidence points up · 93% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 82% · Profit 41.5% · Operating margin change -26 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.9% · Operating margin 63% · 100% evidence Valuation 12.0/20 · P/E 32.4× · PEG 0.85 · 65% evidence Relative strength 18.6/20 · Lead over its industry 15% · Lead over NIFTY 500 40.1% · 1 year 63.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 15.7 + 12 + 18.6 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Drilling Tools Ltd](https://www.sectoralpha.in/stocks/united-drilling-tools-ltd) UNIDT · Evidence leans up · 76% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue 7.6% · Profit 26.3% · Operating margin change -1.4 points · 88% evidence Capital efficiency 14.8/31.25 · ROCE 10.4% · Operating margin 17.8% · 100% evidence Valuation 16.8/25 · P/E 25.7× · PEG 0.99 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 14.8 + 16.8 = 56.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 5. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ASIANENE · leader · Evidence leans up · 84% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 100% · Profit 100% · Operating margin change 3 points · 74% evidence Capital efficiency 11.9/25 · ROCE 16.3% · Operating margin 11% · 100% evidence Valuation 12.8/20 · P/E 25.2× · PEG 0.85 · 65% evidence Relative strength 9.5/20 · Lead over its industry 2.1% · Lead over NIFTY 500 23.7% · 1 year 22.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.2 + 11.9 + 12.8 + 9.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) OIL · breaking out · Evidence leans up · 78% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 19.2% · Profit 34.8% · Operating margin change 16 points · 83% evidence Capital efficiency 13.1/25 · ROCE 11.5% · Operating margin 46% · 76% evidence Valuation 9.7/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 7.1/20 · Lead over its industry -16.2% · Lead over NIFTY 500 4.4% · 1 year 4.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.9 + 13.1 + 9.7 + 7.1 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Jindal Drilling & Industries Ltd this page JINDRILL · quiet · Evidence leans down · 74% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.9% · Profit -19.3% · Operating margin change -6 points · 88% evidence Capital efficiency 13.8/25 · ROCE 13.7% · Operating margin 36% · 100% evidence Valuation 16.1/20 · P/E 7.4× · PEG 0.62 · 65% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -6.5% · 1 year -13.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 9.3 + 13.8 + 16.1 + 8 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Oil & Natural Gas Corpn Ltd](https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd) ONGC · turning · Evidence leans down · 78% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 7.1% · Profit 11.7% · Operating margin change -8 points · 83% evidence Capital efficiency 13.1/25 · ROCE 14.2% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 6.5× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -25.5% · Lead over NIFTY 500 -6.5% · 1 year -11.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.2 + 13.1 + 11.9 + 0 = 41.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) HINDOILEXP · losing its lead · Most evidence points down · 89% evidence 22.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.4/35 · Revenue -17.8% · Profit -80% · Operating margin change -36.1 points · 88% evidence Capital efficiency 5.0/25 · ROCE 3.5% · Operating margin 4.8% · 100% evidence Valuation 8.0/20 · P/E 80.6× · PEG 1.2 · 65% evidence Relative strength 4.8/20 · Lead over its industry -16.6% · Lead over NIFTY 500 3.4% · 1 year 0.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 4.4 + 5 + 8 + 4.8 = 22.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) DEEPENR · Too little evidence to rank firmly · 24% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/43.75 · Revenue -80% · Profit -80% · Operating margin change 32.5 points · 27% evidence Capital efficiency 7.1/31.25 · ROCE -0.2% · Operating margin -10.6% · 57% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 21.8 + 7.1 + 12.5 = 41.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil Drilling & Exploration](https://www.sectoralpha.in/sectors/oil-drilling-exploration), all 10 compared on one page. ## Which companies are close to Jindal Drilling & Industries in size? Jindal Drilling & Industries is the 8th largest of 10 Oil Drilling & Exploration companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Antelopus Selan Energy, Dolphin Offshore Enterprises (India), Hindustan Oil Exploration Company and Asian Energy Services. Just below it: Deep Energy Resources Ltd(Merged) and United Drilling Tools. ### Oil Drilling & Exploration companies close in size

1. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ₹3,525 crore
2. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) ₹2,435 crore
3. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) ₹2,026 crore
4. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ₹2,014 crore
5. Jindal Drilling & Industries Ltd ₹1,434 crore
6. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) ₹999 crore
7. [United Drilling Tools Ltd](https://www.sectoralpha.in/stocks/united-drilling-tools-ltd) ₹487 crore

[All 10 Oil Drilling & Exploration companies, largest first](https://www.sectoralpha.in/sectors/oil-drilling-exploration#all-companies)

### Companies close in size in other industries

1. [Amrutanjan Health Care Ltd](https://www.sectoralpha.in/stocks/amrutanjan-health-care-ltd) ₹1,436 crore · Pharma - Formulators
2. [Tinna Rubber & Infrastructure Ltd](https://www.sectoralpha.in/stocks/tinna-rubber-infrastructure-ltd) ₹1,436 crore · Rubber Processing/Rubber Products
3. Jindal Drilling & Industries Ltd ₹1,434 crore
4. [Suryoday Small Finance Bank Ltd](https://www.sectoralpha.in/stocks/suryoday-small-finance-bank-ltd) ₹1,432 crore · Banks - Small Finance
5. [Prizor Viztech Ltd](https://www.sectoralpha.in/stocks/prizor-viztech-ltd) ₹1,428 crore · CCTV Camera

## What else do people ask about Jindal Drilling & Industries? ### What is Jindal Drilling & Industries's share price today? Jindal Drilling & Industries Ltd's share price is ₹511.25, −11.1% over the past year. The whole company is worth ₹1,481 Cr on the market. In the last 52 weeks it traded between ₹446 to ₹670; today it is 29% of the way up from the low, 12.2% below its 200-day average (as of 3 November 2026). ### What were Jindal Drilling & Industries's latest quarterly results? Jindal Drilling & Industries Ltd reported revenue of ₹275 Cr and net profit of ₹47.0 Cr for the Jun 2026 quarter. Revenue rose 8.3% and profit fell 28.8% compared with a year earlier. Earnings per share were ₹16.27 (as of 3 November 2026). ### What is Jindal Drilling & Industries's market cap? Jindal Drilling & Industries Ltd's market capitalisation is ₹1,481 Cr at a share price of ₹511.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Jindal Drilling & Industries performing? Jindal Drilling & Industries Ltd's share price has been rising for 22 weeks. In its latest quarter, revenue rose 8.3% and profit fell 28.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 4 weeks running (as of 3 November 2026). ### Will Jindal Drilling & Industries's share price go up? This page does not forecast Jindal Drilling & Industries Ltd's share price. What it shows instead: the share price is ₹511.25, and it has been rising for 22 weeks. Its P/E of 7.6× is higher than 47% of its own last 11 years (as of 3 November 2026). ### Who owns Jindal Drilling & Industries? Promoters own 66.8% of Jindal Drilling & Industries Ltd, foreign institutions 0.5%, domestic institutions 0.4% and the public 32.3% (latest quarter). The biggest change over the last two years: Promoters raised their stake by 2.5 percentage points over 8 quarters (as of 3 November 2026). ### Does Jindal Drilling & Industries have too much debt? No, Jindal Drilling & Industries Ltd has little debt: its debt is 0.05× its equity, and its operating profit is 32 times its interest bill. FY26 borrowings were ₹93.0 Cr against equity of ₹1,820 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Jindal Drilling & Industries in its business cycle? Jindal Drilling & Industries Ltd's FY26 operating margin was 35.0%, against a 13-year range of −267.0% to 38.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 36.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Jindal Drilling & Industries story? The main question: promoters moved +2.5 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Jindal Drilling & Industries a stock worth studying right now? What the numbers show: Jindal Drilling & Industries Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Jindal Drilling & Industries share price forecast for 2026? What management itself guided: Jindal Pioneer refurbishment to finish by the first week of September, with deployment as early as October 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. What would change the story: Working-capital absorption persists while refurbishment spending and the vendor payment rise faster than operating cash. ## Lists

- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

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