# Jindal Saw share price today (Jindal Saw Ltd, NSE: JINDALSAW)

> Jindal Saw share price today: ₹246.98 at the NSE close on 3 November 2026, up 40.9% in a year. Jindal Saw (NSE: JINDALSAW) is worth ₹15,798 crore, trades at a P/E of 28.8 and has closed between ₹154.85 and ₹311.85 over the past 52 weeks. > Jindal Saw Ltd's share price has risen faster than its earnings: +40.9% in a year, against −44.0% for earnings per share. JINDALSAW · DI Pipes/Saw Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jindal-saw-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹246.98 (+40.9% in a year)
- P/E: 28.8× (higher than 91% of the last 9.2 years)
- Revenue (Sep 2026): ₹4,472 Cr (+5.6% on a year ago)
- Profit (Sep 2026): ₹35.0 Cr (−74.8% on a year ago)
- Operating margin: 6.0% (−5.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 4.8%, against a 12.0% cost of capital: −7.2 points

The main question: the share price moved +40.9% in a year while yearly earnings per share moved −44.0%. The difference came from the market paying a higher multiple. ## What is the 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. 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. ## What changed at Jindal Saw this quarter? 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. ## What are Jindal Saw's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,472 crore | ₹4,234 crore | +5.6% |
| Profit | ₹35.0 crore | ₹139 crore | −74.8% |
| Earnings per share | ₹0.74 | ₹2.38 | −68.9% |
| Operating margin | 6.0% | 11.0% | −5.0 points |

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.)

## What is the Jindal Saw share price history? 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹232.25 | +6.3% |
| 1 month ago · 1 Oct 2026 | ₹270.35 | −8.6% |
| 6 months ago · 30 Apr 2026 | ₹222.70 | +10.9% |
| 1 year ago · 31 Oct 2025 | ₹175.30 | +40.9% |
| 3 years ago · 3 Nov 2023 | ₹230.63 | +7.1% |
| 5 years ago · 4 Nov 2021 | ₹56.75 | +335.2% |
| 10 years ago · 4 Nov 2016 | ₹29.98 | +723.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹19.82 | +1,146.1% |
| Highest weekly close since March 2016 · 27 Sep 2024 | ₹373.13 | −33.8% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹18.46 | +1,237.9% |
| 52-week high (weekly close) · 11 Sep 2026 | ₹311.85 | −20.8% |
| 52-week low (weekly close) · 16 Jan 2026 | ₹154.85 | +59.5% |

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.)

## What is the latest news on Jindal Saw? 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). ## What dividend does Jindal Saw pay? 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 22 May 2026 | ₹2 | Dividend |
| 5 Jun 2025 | ₹2 | Dividend |
| 11 Jun 2024 | ₹4 | Dividend |
| 13 Jun 2023 | ₹3 | Dividend |
| 19 Sep 2022 | ₹2 | Dividend |
| 8 Jul 2021 | ₹2 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Jindal Saw management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/279/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 19 October 2026.)

## What to watch in Jindal Saw's next results? 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. - What to check (from the call)
- Track LOI conversion and production starts, alongside progress on the Saudi job-work alternative-transport solution. - Check whether oil-and-gas export mix improves realized margins as water-heavy sales ease. - Test whether JJM funding reaches EPC execution and shortens DI payment and collection lags. - Follow the JITF third-judge hearing in January 2027 for a ruling or further delay. ## Which stock lists is Jindal Saw on? Jindal Saw is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 442](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Jindal Saw profitable? 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. 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. ## How much revenue does Jindal Saw make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Jindal Saw keep? 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. 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. ## Is Jindal Saw's profit turning into cash? 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. 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. ## Where does Jindal Saw's cash go? 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. 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. ## What is Jindal Saw's P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved −44.0% while the price moved +40.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +34.2% a year; about +1.0% a year came from earnings growth and about +33.2 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 high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Jindal Saw business getting better or worse? Jindal Saw Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −0.7% in the latest quarter, against +24.4% at its best in 12 quarters, with ROCE falling at 8.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Jindal Saw earn on its capital? Jindal Saw Ltd earned a ROCE of 10% in FY26. That is up from a low of 4% in FY14. Its return on capital used (ROIC) is 7.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.2% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.2% net margin × 0.83× asset turnover × 1.72× leverage (assets divided by equity) ≈ 7.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 4.8% − 12.0% = −7.2 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 4.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 8.5%, 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 Saw have too much debt? Jindal Saw Ltd has total debt of ₹4,174 Cr against shareholder equity of ₹12,295 Cr as of Sep 2026, so its debt is 0.34× its equity. Year by year, that ratio went from 0.88 in FY22 to 0.38 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Jindal Saw shareholding pattern? Domestic institutions raised their stake in Jindal Saw Ltd by 6.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 10.9% of the company. Foreign institutions moved −4.8 points over the same period, to 11.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +6.4 points over 8 quarters, to 10.9%; Foreign institutions: −4.8 points over 8 quarters, to 11.3%; Promoters: +0.0 points over 8 quarters, to 63.2%. Why the owners changed: foreign institutions moved −4.8 points and domestic institutions +6.4 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Jindal Saw from balance-sheet trouble? For Jindal Saw 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 Saw rank in its industry? 29.2 out of 100, rank 4 of 4 in DI Pipes/Saw Pipes, with 97% of the evidence available. Jindal Saw Ltd scores 29.2 out of 100 against the 4 companies it is compared with in DI Pipes/Saw Pipes, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 2.7 + 8.9 + 12.6 + 5 = 29.2. 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 Saw compared with? Jindal Saw ranks 4 of 4 DI Pipes/Saw Pipes companies on the 4-Factor Sector Score, with 29.2 out of 100. 1. [Welspun Corp Ltd](https://www.sectoralpha.in/stocks/welspun-corp-ltd) WELCORP · leader · Evidence leans up · 90% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 13.6% · Profit 9.5% · Operating margin change 2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 22.9% · Operating margin 16% · 100% evidence Valuation 5.0/20 · P/E 26.1× · PEG 4.69 · 50% evidence Relative strength 20.0/20 · Lead over its industry 53.4% · Lead over NIFTY 500 74% · 1 year 141.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.1 + 20.1 + 5 + 20 = 64.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 2. [Jai Balaji Industries Ltd](https://www.sectoralpha.in/stocks/jai-balaji-industries-ltd) JAIBALAJI · turning · Most evidence points down · 93% evidence 32.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.6/35 · Revenue 2% · Profit -65.6% · Operating margin change 0 points · 88% evidence Capital efficiency 7.0/25 · ROCE 9.6% · Operating margin 9% · 100% evidence Valuation 11.4/20 · P/E 38.4× · PEG 0.87 · 85% evidence Relative strength 6.2/20 · Lead over its industry -23.4% · Lead over NIFTY 500 -4.6% · 1 year -34.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 7.6 + 7 + 11.4 + 6.2 = 32.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Electrosteel Castings Ltd](https://www.sectoralpha.in/stocks/electrosteel-castings-ltd) ELECTCAST · quiet · Most evidence points down · 78% evidence 29.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.5/35 · Revenue -15.7% · Profit -79% · Operating margin change -4 points · 88% evidence Capital efficiency 6.1/25 · ROCE 5% · Operating margin 7% · 100% evidence Valuation 11.7/20 · P/E 24.7× · PEG 0.35 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.6% · 1 year -30.3% · 25% evidence · 3 of 12 weeks ahead Exact sum: 4.5 + 6.1 + 11.7 + 7.5 = 29.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Jindal Saw Ltd this page JINDALSAW · losing its lead · Most evidence points down · 97% evidence 29.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 2.7/35 · Revenue -0.7% · Profit -55.5% · Operating margin change -5 points · 100% evidence Capital efficiency 8.9/25 · ROCE 10.4% · Operating margin 6% · 100% evidence Valuation 12.6/20 · P/E 26.6× · PEG 0.21 · 85% evidence Relative strength 5.0/20 · Lead over its industry -10.5% · Lead over NIFTY 500 6.9% · 1 year 30.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 2.7 + 8.9 + 12.6 + 5 = 29.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 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: [DI Pipes/Saw Pipes](https://www.sectoralpha.in/sectors/di-pipes-saw-pipes), all 4 compared on one page. ## Which companies are close to Jindal Saw in size? Jindal Saw is the 2nd largest of 4 DI Pipes/Saw Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Welspun Corp. Just below it: Jai Balaji Industries and Electrosteel Castings. ### DI Pipes/Saw Pipes companies close in size

1. [Welspun Corp Ltd](https://www.sectoralpha.in/stocks/welspun-corp-ltd) ₹61,769 crore
2. Jindal Saw Ltd ₹14,584 crore
3. [Jai Balaji Industries Ltd](https://www.sectoralpha.in/stocks/jai-balaji-industries-ltd) ₹5,613 crore
4. [Electrosteel Castings Ltd](https://www.sectoralpha.in/stocks/electrosteel-castings-ltd) ₹3,929 crore

[All 4 DI Pipes/Saw Pipes companies, largest first](https://www.sectoralpha.in/sectors/di-pipes-saw-pipes#all-companies)

### Companies close in size in other industries

1. [Bayer CropScience Ltd](https://www.sectoralpha.in/stocks/bayer-cropscience-ltd) ₹14,636 crore · Pesticides/Agrochemicals
2. [Clean Max Enviro Energy Solutions Ltd](https://www.sectoralpha.in/stocks/clean-max-enviro-energy-solutions-ltd) ₹14,612 crore · Power Generation & Supply
3. Jindal Saw Ltd ₹14,584 crore
4. [Shaily Engineering Plastics Ltd](https://www.sectoralpha.in/stocks/shaily-engineering-plastics-ltd) ₹14,580 crore · Plastics - Plastic & Plastic Products
5. [KPIT Technologies Ltd](https://www.sectoralpha.in/stocks/kpit-technologies-ltd) ₹14,536 crore · IT - ER&D

## What else do people ask about Jindal Saw? ### What is Jindal Saw's share price today? Jindal Saw Ltd's share price is ₹246.98, +40.9% over the past year. The whole company is worth ₹15,798 Cr on the market. In the last 52 weeks it traded between ₹155 to ₹312; today it is 59% of the way up from the low, 1.0% below its 200-day average (as of 3 November 2026). ### What were Jindal Saw's latest quarterly results? Jindal Saw Ltd reported revenue of ₹4,472 Cr and net profit of ₹35.0 Cr for the Sep 2026 quarter. Revenue rose 5.6% and profit fell 74.8% compared with a year earlier. Earnings per share were ₹0.74. The operating margin was 6.0%, 5.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Jindal Saw's market cap? Jindal Saw Ltd's market capitalisation is ₹15,798 Cr at a share price of ₹246.98. 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 Saw performing? Jindal Saw Ltd's share price has been rising for 27 weeks. In its latest quarter, revenue rose 5.6% and profit fell 74.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will Jindal Saw's share price go up? This page does not forecast Jindal Saw Ltd's share price. What it shows instead: the share price is ₹246.98, and it has been rising for 27 weeks. Its P/E of 28.8× is higher than 91% of its own last 9 years (as of 3 November 2026). ### Who owns Jindal Saw? Promoters own 63.2% of Jindal Saw Ltd, foreign institutions 11.3%, domestic institutions 10.9% and the public 14.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 6.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Jindal Saw have too much debt? Jindal Saw Ltd has a moderate amount of debt: its debt is 0.37× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹4,691 Cr against equity of ₹12,574 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Jindal Saw in its business cycle? Jindal Saw Ltd's FY26 operating margin was 12.0%, against a 13-year range of 9.0% to 17.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.0%. 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 Saw story? The main question: the share price moved +40.9% in a year while yearly earnings per share moved −44.0%. The difference came from the market paying a higher multiple. 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 Saw a stock worth studying right now? What the numbers show: Jindal Saw Ltd's share price has risen faster than its earnings: +40.9% in a year, against −44.0% for earnings per share. The main open question: whether earnings grow into a price that has already moved. 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 Saw share price forecast for 2026? What management itself guided: FY27 pipe volumes expected above FY26; execution improvement anticipated from Q4. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.