Jindal Saw quarterly results and financials

Jindal Saw (JINDALSAW)₹251.99−1.10%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Sep 2026 quarter (consolidated), Jindal Saw reported sales of ₹4,470 Cr, up 5.6% from Sep 2025, and net profit of ₹35.03 Cr, down 74.8% year on year. For the year to Mar 2026, sales were ₹17,871 Cr and net profit ₹926 Cr.

Sales (Sep 2026): ₹4,470 Cr
Net profit (Sep 2026): ₹35.03 Cr
Sales (FY Mar 2026): ₹17,871 Cr
Net profit (FY Mar 2026): ₹926 Cr
EPS (Sep 2026): ₹0.73
Borrowings (Mar 2026): ₹4,692 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Jindal Saw quarterly results

₹ crore unless stated; each column is a quarter.

Jindal Saw Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	5,649	5,421	4,933	5,568	5,265	5,042	4,078	4,232	4,938	4,627	4,446	4,470
Expenses	4,666	4,502	4,099	4,656	4,333	4,305	3,411	3,783	4,328	4,154	4,056	4,209
Operating Profit	984	916	837	912	935	734	668	450	611	476	390	257
OPM %	17.0%	17.1%	17.0%	16.0%	18.0%	15.0%	16.0%	11.0%	12.0%	10.0%	9.1%	6.0%
Other Income	39.92	68.85	50.85	36.91	28.95	27.93	28.93	39.92	21.95	22.95	23.94	50.91
Interest	182	174	154	158	173	139	171	153	133	163	108	125
Depreciation	147	149	148	151	151	153	153	156	155	167	164	169
Profit before tax	697	664	585	640	643	471	373	182	346	171	143	13.93
Tax %	27.0%	28.0%	28.9%	26.0%	25.9%	82.0%	−11.1%	24.0%	29.0%	27.9%	36.0%	−145.1%
Net Profit	512	480	416	475	479	86.99	415	139	248	124	90.99	35.03
EPS (Rs)	8.32	7.82	6.87	7.79	7.89	4.53	6.61	2.37	4.02	2.17	1.62	0.73

Jindal Saw profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Jindal Saw Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,697	7,067	8,498	12,094	11,614	10,661	13,293	17,850	20,942	20,807	17,871	18,481
Expenses	6,975	6,387	7,460	10,641	10,106	9,414	11,887	16,182	17,620	17,366	15,657	16,747
Operating Profit	720	674	1,037	1,467	1,507	1,239	1,394	1,671	3,312	3,433	2,222	1,734
OPM %	9.0%	10.0%	12.1%	12.1%	13.1%	12.1%	11.0%	9.0%	16.1%	17.0%	12.1%	9.4%
Other Income	136	329	23.96	514	−2.99	209	155	155	162	130	96.80	120
Interest	678	569	578	615	620	492	459	641	704	623	619	529
Depreciation	329	337	363	396	423	460	473	470	569	602	631	656
Profit before tax	−147	101	121	971	465	497	618	716	2,206	2,339	1,073	674
Tax %	−46.1%	61.9%	109.0%	21.9%	1.0%	34.0%	39.9%	36.9%	28.0%	38.0%	13.9%	—
Exceptional items	−19.01	13.99	8.99	275	−45.03	0.00	2.01	−13.99	−4.01	−9.01	−9.99	—
Net Profit	−79.95	39.01	−11.01	765	461	328	376	452	1,594	1,458	926	498
EPS (Rs)	−0.65	1.77	2.78	13.24	8.64	4.97	6.42	10.04	26.12	27.07	15.17	8.54
Dividend payout %	−76.1%	28.0%	22.0%	8.0%	11.9%	20.0%	15.9%	14.9%	8.0%	7.0%	12.9%	—

Jindal Saw balance sheet

₹ crore, at each year end.

Jindal Saw Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	58.14	61.15	64.11	64.15	64.11	64.14	64.09	64.09	64.12	64.13	64.08	64.10
Reserves	5,331	5,060	5,320	5,434	6,218	6,697	6,915	7,291	7,858	10,014	11,336	12,513
Borrowings	8,107	7,548	6,224	6,318	5,693	5,650	5,336	6,028	4,962	5,761	4,862	4,692
Other Liabilities	2,519	1,684	1,254	1,396	2,820	2,682	3,514	3,063	5,025	4,847	4,416	4,328
Total Liabilities	16,015	14,354	12,862	13,213	14,796	15,094	15,829	16,446	17,909	20,687	20,679	21,596
Fixed Assets	8,251	7,983	7,456	7,129	7,172	7,495	7,324	7,360	7,495	8,855	9,343	10,422
CWIP	532	254	102	126	260	424	405	293	300	633	641	454
Investments	309	154	119	110	190	129	198	224	175	178	168	105
Other Assets	6,924	5,963	5,185	5,847	7,174	7,046	7,902	8,570	9,938	11,021	10,527	10,617
Inventories	2,992	2,467	2,312	2,467	3,191	2,691	2,923	3,762	4,107	4,900	4,929	5,270
Trade receivables	2,045	1,748	1,371	1,934	2,216	1,866	2,127	1,809	3,565	3,476	3,571	3,098
Cash & equivalents	334	209	132	144	233	343	726	674	214	897	772	545
Total Assets	16,015	14,354	12,862	13,213	14,796	15,094	15,829	16,446	17,909	20,687	20,679	21,596

Jindal Saw cash flow

₹ crore, for each year.

Jindal Saw Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−183	918	1,164	565	1,568	1,667	1,571	73.06	1,619	2,597	2,340	1,774
Cash from investing activity	−864	−515	−426	−121	−517	−466	−358	−189	−67.75	−1,911	−894	−944
Cash from financing activity	1,258	−514	−818	−471	−980	−1,171	−833	61.24	−1,974	−12.03	−1,528	−1,077
Net cash flow	202	−112	−80.77	−24.91	71.70	27.90	377	−54.79	−417	660	−85.75	−248
Capex	833	516	292	274	518	573	404	453	324	864	1,033	1,076
Free cash flow	−893	433	876	377	1,069	1,104	1,170	−279	1,377	1,738	1,322	704
CFO / OP %	−9.1%	136.9%	187.9%	60.9%	117.9%	121.9%	133.9%	15.9%	106.0%	86.9%	85.9%	92.0%

Jindal Saw ratios

Working-capital days and returns, by year.

Jindal Saw Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	90	82	70	82	66	58	72	49	72	59	61	62
Inventory days	256	209	220	182	155	140	176	172	133	146	151	190
Days payable	77	42	39	42	88	74	117	71	98	89	78	95
Cash conversion cycle	271	250	253	224	134	126	132	152	109	119	136	159
Working capital days	26	30	37	42	12	−12	−17	−15	15	19	41	66
ROCE %	6.0%	4.0%	4.0%	7.0%	11.1%	10.1%	8.0%	9.1%	11.0%	21.1%	19.0%	10.0%

Jindal Saw: frequently asked questions

What are the latest quarterly results of Jindal Saw?

For the Sep 2026 quarter, Jindal Saw reported sales of ₹4,470 Cr, up 5.6% year on year and net profit of ₹35.03 Cr, down 74.8% year on year. The operating margin was 6.0%.

What is the annual revenue of Jindal Saw?

Jindal Saw's sales for the year to Mar 2026 were ₹17,871 Cr; over the last twelve months they were ₹18,481 Cr.

What is the net profit of Jindal Saw?

Net profit for the year to Mar 2026 was ₹926 Cr, and ₹498 Cr over the last twelve months. Earnings per share over the same trailing period were ₹8.54.

How much debt does Jindal Saw have?

Jindal Saw reported borrowings of ₹4,692 Cr at Mar 2026, against cash and equivalents of ₹545 Cr.

What is the free cash flow of Jindal Saw?

Cash from operations was ₹1,774 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹704 Cr.

Loading…