Jindal Saw share price today

Jindal Saw Ltd's share price was ₹246.98 at the close on 3 November 2026. It has been rising for 27 weeks. That is 1.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹155 and ₹312, and at that close it sat 59% of the way up from that low.

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 Saw Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 11 years the share price moved +1,146% 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 16 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.

1. Lowest operating margin in 16 quarters

   Operating margin was 6% in the September 2026 quarter, against 11% a year earlier.

   Why: The operating margin fell because shipments to West Asia were delayed and plants were not running at full use.

   Next results: check whether oil and gas exports make up more of sales and help margins as water-heavy sales ease.

   From the earnings call on 19 Oct 2026.

2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 3.5% to 10.9% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Jindal Saw reported revenue of ₹4,472 crore, up 5.6% from ₹4,234 crore a year earlier, and a profit of ₹35.0 crore, down 74.8% from ₹139 crore.

Jindal Saw results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Jindal Saw's management discussed these results on a call held on 19 October 2026; what it said is further down this page.

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

Jindal Saw closed at ₹246.98 on 3 November 2026, up 40.9% from ₹175.30 a year earlier (31 October 2025) and up 335.2% over five years. Its highest weekly close since March 2016 was ₹373.13 on 27 September 2024.

Jindal Saw share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. 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.

564 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: Jindal Saw closed at ₹246.98, up 6.3% on the week and down 8.6% on the month. 19 Oct 2026: Jindal Saw held its results call for July to September 2026. Management guided: FY27 pipe volumes expected above FY26; execution improvement anticipated from Q4.

Earlier

• Results for July to September 2026: Revenue up 5.6% and profit down 74.8% on a year earlier.
• 22 May 2026: ex-date for a dividend of ₹2 a share.
• 9 Oct 2024: Share split: face value cut from ₹2 to ₹1 a share (ex-date).

Jindal Saw paid ₹2 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.81% at the ₹246.98 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 22 May 2026.

Jindal Saw 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. The record date is the same day as the ex-date for every payment here.

Yes. Jindal Saw Ltd paid out 13% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years. 3 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 4 November 2026.

On the call for July to September 2026, held on 19 October 2026, Jindal Saw's management guided: FY27 pipe volumes expected above FY26; execution improvement anticipated from Q4.

“As we explained last time, we expect H2 to be better than H1.”Vinay Kumar Gupta, on the call for July to September 2026

What management guided

• H2 expected to outperform H1.
• Q3/Q4 margins expected to move toward double digits; FY25 profitability is management's goal.
• New LOI production expected to start in February/March, with steel receipts from January/February.
• Abu Dhabi DI order book of USD 195 million across 177,000 tonnes provides 9-12 months of visibility.

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 July to September 2026, 19 October 2026.

When Jindal Saw reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Track LOI conversion and production starts, alongside progress on the Saudi job-work alternative-transport solution.

Jindal Saw is on one of our India lists: Small & mid cap stocks.

Jindal Saw Ltd earned ₹35.0 Cr of net profit in the Sep 2026 quarter, −74.8% on the same quarter a year earlier. Full-year FY26 profit was ₹925 Cr. That is 0.8% of the quarter's revenue. The same quarter a year earlier earned ₹139 Cr.

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

For the full year, FY26 profit was ₹925 Cr (−36.6% on the year before).

Why profit moved: revenue changed +5.6% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −39.6% and revenue +0.1%. Profit is growing slower than sales: rising costs are taking part of the growth.

Jindal Saw Ltd reported ₹4,472 Cr of revenue in the Sep 2026 quarter, +5.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 8.8% a year on average. The last full year, FY26, came in at ₹17,895 Cr.

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

The last four reported quarters add to ₹18,500 Cr.

FY26 revenue was ₹17,895 Cr, −14.1% on the year before.

Recent pace: the last four quarters grew +0.1% on average, against 8.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −0.7%, against −7.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −55.5%, against −48.6% a year (rolling over).

Jindal Saw Ltd's operating margin was 6.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 9.0% and 17.0%. The latest quarter is below every full year in that period.

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 −4.9 percentage points on the year while gross margin changed −7.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 168% of Jindal Saw Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,771 Cr of operating cash against ₹925 Cr of profit. After ₹1,510 Cr of spending on assets, ₹261 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.

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

Why 168% of profit came in as cash: the cash cycle got 27 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building.

Jindal Saw Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 159 days in FY26, up from 132 days in FY21. It spent ₹4,878 Cr on assets over the last 3 years. Customers take 63 days to pay, and stock sits for 191 days on average.

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 ₹17,895 Cr, each day of that cycle ties up about ₹49.0 Cr, so roughly ₹7,795 Cr is tied up in the business at any time.

FY26: customers took 63 days to pay and stock sat for 191 days, about 6.3 months of sales sitting as stock, for a full cycle of 159 days, longer than FY21's 132.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 191 days. Customers pay about 63 days after that. Suppliers are paid at 95 days. Together that makes the 159-day cycle.

Spending on assets: ₹4,878 Cr over the last 3 years, against ₹1,800 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 ₹453 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 Saw Ltd's P/E is 28.8×, near the high end of its own history: higher than 91% of past readings. Its usual P/E (the middle reading) is 10.9×, over 9.2 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.