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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Jindal Saw Limited is an India-based company, which is a manufacturer and supplier of iron and steel pipes and pellets. The Company has one primary business segment, namely, Iron & Steel products. The Company manufactures submerged arc welded (SAW) pipes and spiral pipes for…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, priced for perfection.
JINDAL SAW LIMITED is scored on the commodity / cyclical framework. It keeps a slim 5.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.91× reported profit. It throws off free cash worth 5.1% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -0%/yr and profit at 27%/yr. Book value itself has compounded 19%/yr — the hallmark of a genuine compounder. Return on equity is a weak 4.3%. In the latest quarter profit fell 61% versus the prior quarter.
At 16× earnings, the stock sits at the 90th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~15%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 32.23 | 20.39 | worse |
| P/B | 1.27 | 2.07 | better |
| EV/EBITDA | 10.9 | 10.9 | worse |
| ROE | 4.35 | 18.07 | worse |
| ROCE | 7.13 | 9.84 | worse |
| ROA | 2.39 | 3.5 | worse |
| Quick Ratio | 0.76 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue declined 14% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Profit is growing faster than revenue (27% vs -0%) — margin expansion is at work. The latest year saw a -37% swing — check if it's a one-off or structural.
Operating margin has expanded from 4% to 6% — the business is keeping more of each rupee earned.
ROE at 8% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (27% vs -9%) — share dilution is eroding per-share value. -9% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.9× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (10% spread) — a predictable, non-seasonal revenue stream.
Profit fell 61% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (5% → 1%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 63.2% — majority control intact. FIIs trimmed 2.8pp — foreign money is rotating out. MF holding up 5.1pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.