Jindal Saw Limited

BSE: 500378 NSE: JINDALSAW
Jindal Saw Limited - manufacturing in Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L27104UP1984PLC023979 Incorporated 31 October 1984 ROC Uttar Pradesh HQ Uttar Pradesh, India
Active Listed - NSE: JINDALSAW · BSE: 500378 Public Limited Company manufacturing Fortune India 500 · #139 India's Most Valuable Nifty 500
Data last updated
Market Cap
₹18,904 Cr
JINDALSAW · NSE
Share Price
₹270.40
-8.53% today
Revenue
₹17,895 Cr
FY 2025-26 · -14.1% YoY
EBITDA
₹2,215 Cr
Margin 12.4%
Net Profit
₹984 Cr
FY 2025-26 · -43.7% YoY
P/E (TTM)
34.5x
P/B 1.5x
ROE
7.7%
ROCE 10.0%
Debt / Equity
0.40
Interest cover 39.1x

About Jindal Saw Limited

Data last updated:

Jindal Saw Limited is a public limited company based in Uttar Pradesh, India. It operates in the pipe and tubes segment of the manufacturing sector. It was incorporated on 31 October 1984 and has been in existence for over 42 years.

Jindal Saw is ranked #139 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L27104UP1984PLC023979. Its GSTIN is 09AABCS7280C1ZD (Uttar Pradesh). The company holds 41 GST registrations, of which 22 are active. Its shares are listed on BSE: 500378 and NSE: JINDALSAW.

The company has an authorised share capital of ₹683 Cr and a paid-up capital of ₹81.05 Cr. It was formerly known as Saw Pipes Limited. It is led by directors including Sminu Jindal (Managing Director) and Shraddha Rj Prithvi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 29 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 1 Upsidc Industrial Area Nandgaon Road Kosi Kalan Mathura, Uttar Pradesh, India – 281403.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹17,895 Cr, a decline of 14.1% compared to the previous year. For the same year it recorded a net profit of ₹983.66 Cr (net margin 5.5%) and EBITDA of ₹2,214.74 Cr (EBITDA margin 12.4%). The net worth stands at ₹12,591 Cr (up 10% YoY). Total assets are valued at ₹17,127 Cr (up 7.3% YoY).

The company has about 7,515 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.

The company is associated with 2 brands: Thinkthrough Consulting and Jindal Saw. As per MCA filings, the company has open charges of ₹14,059 Cr and satisfied charges of ₹47,037 Cr on record. Court records list 486 cases involving the company, including 275 filed by the company and 166 filed against it; 112 cases are pending. The company has 62 deals on record (50 market trades, 8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,301.73 Cr; the latest was in March 2026. Its 7 peer companies in the Metals and Minerals industry (Other Minerals, Pipes) are compared by revenue, 2 larger and 5 smaller; the largest is Megha Engineering & Infrastructures Limited with revenue of ₹42,669 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jindalsaw.com.

Company Details of Jindal Saw Limited
CIN L27104UP1984PLC023979
Registration Number 023979
Incorporation Date 31 October 1984
ROC Uttar Pradesh
Listing Status Listed (BSE: 500378, NSE: JINDALSAW)
Company Status Active
Date of Last AGM 29 May 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Sminu Jindal Managing Director Shraddha Rj Prithvi Whole-Time Director Tripti Jindal Arya Whole-Time Director

Recognitions & Rankings of Jindal Saw

Fortune India 500 2025 edition
Rank#139
Total income
₹20,812 Cr
Profit
₹1,738 Cr
Last year #107
India's Most Valuable Companies 2025 edition · Source: Hurun India
2024 #263 2023 #291
Stock market indices
Nifty 500 BSE 500
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    jindalsaw.com
  • Social Media
  • Registered Address
    A – 1 Upsidc Industrial Area Nandgaon Road Kosi Kalan Mathura, Uttar Pradesh, India – 281403
  • Industry
    Manufacturing, Pipe & Tubes
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Financials, compliance, directors, charges, ownership and filings for Jindal Saw Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Jindal Saw Limited

Jindal Saw operates two associated brands: Thinkthrough Consulting and Jindal Saw. Each brand links to its own profile.

BrandDescriptionWebsite
Thinkthrough Consulting
Provides comprehensive HR, supply chain, legal, IT, and operations advisory services.ttcglocal.com
Jindal Saw
Various pipes and related products are manufactured.jindalsaw.com

Business Activity of Jindal Saw Limited

The main business activities of Jindal Saw are manufacturing and mining and quarrying. In detail, this covers metal and metal products and mining of metal ores. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
BMining and quarryingB3Mining of Metal OresLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Financials of Jindal Saw Limited FY 2025-26 filings available

Jindal Saw Limited reported revenue of ₹17,895 Cr (down 14.1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹17,895 Cr
-14.1% YoY
EBITDA
₹2,215 Cr
-35.4% YoY
Profit After Tax
₹984 Cr
-43.7% YoY
Net Worth
₹12,591 Cr
+10.0% YoY
Total Assets
₹17,127 Cr
+7.3% YoY
Total Debt
₹4,674 Cr
-3.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue17,89520,82920,95817,86813,29810,66411,627
Revenue growth-14.1%-0.6%+17.3%+34.4%+24.7%-8.3%-
EBITDA2,2153,4293,3201,6391,4021,2411,399
EBITDA margin+12.4%+16.5%+15.8%+9.2%+10.5%+11.6%+12.0%
Profit before tax1,0762,3492,216719621499467
Net profit9841,7471,681658410319600
Net profit margin+5.5%+8.4%+8.0%+3.7%+3.1%+3.0%+5.2%
EPS (₹)15.2227.1852.4520.1412.889.9717.35
Balance sheet
Total assets17,12715,96615,28912,56013,05912,07312,221
Net worth12,59111,44510,1287,9557,3646,9836,764
Total debt4,6744,8255,7274,9276,0315,3355,649
Cash & bank543770895213672724342
Net working capital6,3406,1965,4633,9034,0943,0323,009
Cash flow
Cash from operations1,7712,3352,5931,61673.471,5701,665
Cash from investing(947)(897)(1,917)(68.42)(190)(359)(468)
Cash from financing(1,073)(1,524)(12.39)(1,966)61.00(831)(1,168)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,4724,4524,6334,9434,2344,0855,0475,271
Revenue growth (YoY)+5.6%+9.0%-8.2%-6.2%-24.0%-17.3%--
Other income51.2723.6723.3722.2739.8728.6627.7429.35
EBITDA258391478613451670736939
EBITDA margin+5.8%+8.8%+10.3%+12.4%+10.7%+16.4%+14.6%+17.8%
Depreciation169164167155156153153151
Interest125108163133153171139173
Profit before tax14.42143172347183374473645
Tax(20.86)52.0847.9799.5744.01(41.17)386166
Net profit35.2890.7912424813941586.92479
EPS (₹)0.741.632.184.042.386.634.567.92
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue14,62017,93617,96215,28211,0228,63210,129
Revenue growth-18.5%-0.1%+17.5%+38.7%+27.7%-14.8%-
EBITDA1,7103,2142,9551,4071,1579781,219
EBITDA margin+11.7%+17.9%+16.5%+9.2%+10.5%+11.3%+12.0%
Profit before tax8702,4882,188924637507592
Net profit7901,9241,618567411330673
Net profit margin+5.4%+10.7%+9.0%+3.7%+3.7%+3.8%+6.6%
EPS (₹)12.2629.3150.4822.1812.6810.2918.59
Balance sheet
Total assets15,47115,11414,25811,69911,99711,05111,173
Net worth12,61011,97210,2268,1407,4897,1386,863
Total debt2,7393,0113,8933,2574,3433,7274,042
Cash & bank24758959862.55517487257
Net working capital4,9625,2925,8044,7705,0564,2394,291
Cash flow
Cash from operations1,6381,8552,1371,3381911,3441,465
Cash from investing(1,022)(303)(1,657)(47.24)(288)(355)(393)
Cash from financing(892)(1,519)(40.32)(1,689)161(748)(1,001)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,8243,7213,8184,1293,3723,3004,4014,474
Revenue growth (YoY)+13.4%+12.8%-13.2%-7.7%-28.6%-23.9%--
Other income57.5634.2233.2627.4937.2126.4448.3647.27
Total expenses3,6163,4153,4393,6303,0742,7673,5933,639
EBITDA208307380500298533808835
EBITDA margin+5.4%+8.2%+9.9%+12.1%+8.8%+16.2%+18.4%+18.7%
Depreciation129125129122122122122119
Interest92.0370.7212710310813199.14136
Profit before tax43.93145156302105307635626
Tax(26.76)35.2442.3175.1725.46(56.96)161149

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4,4724,4524,6334,9434,2344,0855,0475,271
Revenue growth (YoY)+5.6%+9.0%-8.2%-6.2%-24.0%-17.3%--
Other income51.2723.6723.3722.2739.8728.6627.7429.35
EBITDA258391478613451670736939
EBITDA margin+5.8%+8.8%+10.3%+12.4%+10.7%+16.4%+14.6%+17.8%
Depreciation169164167155156153153151
Interest125108163133153171139173
Profit before tax14.42143172347183374473645
Tax(20.86)52.0847.9799.5744.01(41.17)386166
Net profit35.2890.7912424813941586.92479
EPS (₹)0.741.632.184.042.386.634.567.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue17,89520,82920,95817,86813,29810,66411,627
Revenue growth-14.1%-0.6%+17.3%+34.4%+24.7%-8.3%-
Other income111145168193153210109
Total expenses15,68017,40017,63816,22911,8969,42210,228
Employee cost1,6301,5271,4921,1791,015897966
EBITDA2,2153,4293,3201,6391,4021,2411,399
EBITDA margin+12.4%+16.5%+15.8%+9.2%+10.5%+11.6%+12.0%
Depreciation630602568470473459422
Interest620623705642460493620
Profit before tax1,0762,3492,216719621499467
Tax1508916232682461725.34
Net profit9841,7471,681658410319600
Net profit margin+5.5%+8.4%+8.0%+3.7%+3.1%+3.0%+5.2%
EPS (₹)15.2227.1852.4520.1412.889.9717.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital81.0598.1598.1598.1563.9563.9563.95
Reserves & surplus12,51011,34710,0297,8577,3006,9196,700
Shareholders' funds (net worth)12,59111,44510,1287,9557,3646,9836,764
Minority interest(292)(457)(726)(642)(515)(444)(475)
Secured loans2,4523,4124,7354,0654,0603,1763,605
Unsecured loans2,2221,4139928621,9722,1592,043
Total debt4,6744,8255,7274,9276,0315,3355,649
Total liabilities17,12715,96615,28912,56013,05912,07312,221
Assets
Gross block15,26213,55012,59510,72510,3059,8369,643
Net block10,4099,3418,8537,4847,3577,3167,491
Capital work in progress453641632300293404423
Investments105168178175224198129
Inventories5,2674,9214,8954,1053,7562,9192,687
Sundry debtors3,0943,5643,4703,5631,8062,1251,864
Cash & bank balances543770895213672724342
Loans & advances1,0568491,0411,0181,023884922
Total current assets9,96010,10410,3008,8987,2576,6525,815
Total current liabilities3,6203,9074,8384,9953,1623,6202,807
Net working capital6,3406,1965,4633,9034,0943,0323,009
Total assets17,12715,96615,28912,56013,05912,07312,221
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash65574177.58497552173144
Net cash from operating activities1,7712,3352,5931,61673.471,5701,665
Net cash from investing activities(947)(897)(1,917)(68.42)(190)(359)(468)
Net cash from financing activities(1,073)(1,524)(12.39)(1,966)61.00(831)(1,168)
Net change in cash(249)(85.66)663(419)(55.29)37928.45
Closing cash543770895213672724342
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-14.1%-0.6%+17.3%+34.4%+24.7%-8.3%-
EBITDA growth-35.4%+3.3%+102.6%+16.9%+12.9%-11.3%-
PBT growth-54.2%+6.0%+208.0%+15.8%+24.5%+7.0%-52.2%
Net income growth-43.7%+3.9%+155.5%+60.6%+28.5%-46.9%-
Revenue CAGR (3Y)+0.1%+16.1%+25.3%+15.4%+3.2%+7.8%+18.0%
EBITDA CAGR (3Y)+10.6%+34.7%+38.8%+5.4%-1.4%+9.8%+26.6%
Profitability & leverage
Net income margin+5.2%+7.0%+7.6%+2.5%+2.8%+3.1%+4.0%
Return on capital employed+10.0%+18.3%+20.0%+10.2%+8.3%+7.9%+9.6%
Return on net worth+7.7%+13.6%+17.7%+5.9%+5.2%+4.8%+7.8%
Debt / equity0.400.490.590.720.790.800.87
Long-term debt / equity0.160.180.230.260.320.370.40
Interest cover39.1122.0525.6154.9449.5362.9763.42
Efficiency & per share
Fixed asset turnover1.241.591.801.701.321.091.26
Inventory turnover3.514.244.664.553.993.803.96
Debtors turnover5.385.925.966.666.775.355.70
EPS (₹)15.2227.1852.4520.1412.889.9717.35
Dividend per share (₹)2.002.004.003.002.002.002.00
Book value per share (₹)196.62178.43315.65247.71230.30218.38211.52
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,8243,7213,8184,1293,3723,3004,4014,474
Revenue growth (YoY)+13.4%+12.8%-13.2%-7.7%-28.6%-23.9%--
Other income57.5634.2233.2627.4937.2126.4448.3647.27
Total expenses3,6163,4153,4393,6303,0742,7673,5933,639
EBITDA208307380500298533808835
EBITDA margin+5.4%+8.2%+9.9%+12.1%+8.8%+16.2%+18.4%+18.7%
Depreciation129125129122122122122119
Interest92.0370.7212710310813199.14136
Profit before tax43.93145156302105307635626
Tax(26.76)35.2442.3175.1725.46(56.96)161149
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue14,62017,93617,96215,28211,0228,63210,129
Revenue growth-18.5%-0.1%+17.5%+38.7%+27.7%-14.8%-
Other income124242271421221279199
Total expenses12,91014,72215,00713,8769,8657,6548,910
Employee cost1,2301,1911,120877770685683
EBITDA1,7103,2142,9551,4071,1579781,219
EBITDA margin+11.7%+17.9%+16.5%+9.2%+10.5%+11.3%+12.0%
Depreciation494479452374372346310
Interest470488586529369404516
Profit before tax8702,4882,188924637507592
Tax85.98613574215232178(2.86)
Net profit7901,9241,618567411330673
Net profit margin+5.4%+10.7%+9.0%+3.7%+3.7%+3.8%+6.6%
EPS (₹)12.2629.3150.4822.1812.6810.2918.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital81.0598.1598.1563.9563.9563.9563.95
Reserves & surplus12,52911,87410,1278,0767,4257,0746,799
Shareholders' funds (net worth)12,61011,97210,2268,1407,4897,1386,863
Secured loans2,0692,7463,7892,2643,3362,4513,505
Unsecured loans6702661049931,0071,276537
Total debt2,7393,0113,8933,2574,3433,7274,042
Total liabilities15,47115,11414,25811,69911,99711,05111,173
Assets
Gross block11,77110,8079,9808,1257,9057,6317,383
Net block8,3447,7997,3385,8205,8545,9135,973
Capital work in progress308543541206166157205
Investments2,3392,0901,1821,2701,025716638
Inventories4,5454,1823,9703,3513,0712,4542,194
Sundry debtors2,5463,0152,9273,1681,4441,7311,533
Cash & bank balances24758959862.55517487257
Loans & advances8025091,9322,0021,9801,9471,872
Total current assets8,1408,2959,4288,5847,0116,6195,856
Total current liabilities3,1783,0033,6243,8141,9552,3801,565
Net working capital4,9625,2925,8044,7705,0564,2394,291
Total assets15,47115,11414,25811,69911,99711,05111,173
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash51448040.5843937413361.28
Net cash from operating activities1,6381,8552,1371,3381911,3441,465
Net cash from investing activities(1,022)(303)(1,657)(47.24)(288)(355)(393)
Net cash from financing activities(892)(1,519)(40.32)(1,689)161(748)(1,001)
Net change in cash(276)33.66440(398)64.8424171.53
Closing cash24758959862.55517487257
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-18.5%-0.1%+17.5%+38.7%+27.7%-14.8%-
EBITDA growth-46.8%+8.8%+110.1%+21.6%+18.3%-19.8%-
PBT growth-65.0%+13.7%+136.7%+45.1%+25.7%-14.3%-20.2%
Net income growth-59.0%+18.9%+185.6%+37.8%+24.6%-51.0%-
Revenue CAGR (3Y)-1.5%+17.6%+27.7%+14.7%+3.9%+5.7%+21.3%
EBITDA CAGR (3Y)+6.7%+40.6%+44.6%+4.9%-3.7%-2.6%+11.4%
Profitability & leverage
Net income margin+5.4%+10.5%+9.0%+4.6%+3.7%+3.8%+5.9%
Return on capital employed+8.8%+20.3%+21.4%+10.7%+8.7%+8.2%+11.3%
Return on net worth+6.4%+16.9%+17.6%+7.3%+5.5%+4.7%+10.2%
Debt / equity0.230.310.390.490.550.550.62
Long-term debt / equity0.050.080.120.130.190.220.24
Interest cover38.6717.8623.4051.2347.0263.9856.75
Efficiency & per share
Fixed asset turnover1.301.731.981.911.421.151.43
Inventory turnover3.354.404.914.763.993.714.10
Debtors turnover5.266.045.896.636.945.295.97
EPS (₹)12.2629.3150.4822.1812.6810.2918.59
Dividend per share (₹)2.002.004.003.002.002.002.00
Book value per share (₹)196.91186.67318.72254.55234.21223.24214.62
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Board of Directors of Jindal Saw Limited

Jindal Saw has 13 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sminu Jindal
Also directs: Jindal Intellicom Limited, Jindal Itf Limited, Jindal Metals & Alloys Limited and 2 more
Managing Director01 Sep 199729 Years 1 MonthsCurrent
Sanjeev ShankarDirector22 Mar 20197 Years 6 MonthsCurrent
Vinita Jha
Also directs: Hexa Tradex Limited, Raphe Mphibr Private Limited, Diabetes Research Education and Management Foundation Center
Director22 Mar 20197 Years 6 MonthsCurrent
Shraddha Rj PrithviWhole-Time Director24 Jul 201412 Years 2 MonthsCurrent
Prithavi Raj Jindal
Also directs: Sonabheel Tea Ltd., Jindal Industries Private Limited, Jindal Hunting Energy Services Limited and 4 more
Director31 Oct 198441 Years 11 MonthsCurrent
Tripti Jindal AryaWhole-Time Director17 May 201412 Years 5 MonthsCurrent
Showing 6 of 13 current directors. View all directors

Peer Comparison of Jindal Saw Limited

Jindal Saw Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Other Minerals, Pipes). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Megha Engineering & Infrastructures Limited₹42,669 Cr (FY 2025)••••••••-2.0%••••Hyderabad, Telangana, India
South Eastern Coalfields Limited₹27,824 Cr (FY 2025)••••••••-6.0%••••Bilaspur, Chhattisgarh, India
Apl Apollo Tubes Limited Listed₹20,786 Cr (FY 2025)••••••••14.0%••••Delhi, India
Jindal Saw Limited this company₹17,895 Cr (FY 2026)••••••••-14.1%••••Uttar Pradesh, India
Eastern Coalfields Ltd₹15,751 Cr (FY 2025)••••••••4.0%••••Dt Burdwan, West Bengal, India
Welspun Corp Limited Listed₹14,167 Cr (FY 2025)••••••••-19.0%••••Anjar, Gujarat, India
Hindustan Platinum Private Limited₹8,677.5 Cr (FY 2025)••••••••111.0%••••Navi Mumbai, Maharashtra, India
PCBL Chemical Limited Listed₹8,451.64 Cr (FY 2025)••••••••31.0%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Jindal Saw by revenue in the Metals and Minerals industry (Other Minerals, Pipes), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Jindal Saw Limited

Jindal Saw Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.

NameStatusAppointment DateCessation Date
Price Waterhouse Chartered Accountants LLPLockedLockedLocked
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Shareholding Pattern of Jindal Saw Limited

Shareholding for the quarter ended Sep 2026: promoters hold 63.20%, foreign institutional investors hold 13.10%, domestic institutional investors hold 8.30% and retail and other public shareholders hold 15.40%.

Promoters: 63.20%DII (Domestic Institutional): 8.30%FII (Foreign Institutional): 13.10%Retail & Others: 15.40%
Sep 2026
QUARTER
63.20% Promoters
8.30% DII (Domestic Institutional)
13.10% FII (Foreign Institutional)
15.40% Retail & Others
Promoter holding - history
Now 63.20% · Sep 2026High 63.20% · Dec 2025Low 63.20% · Dec 2025
62%62.8%63.5%64.3%65%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 63.20%Mar 2026: 63.20%Jun 2026: 63.20%Sep 2026: 63.20%63.20%63.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters63.20%63.20%63.20%63.20%
Public36.80%36.80%36.80%36.80%

Charges & Borrowings of Jindal Saw Limited

Open charges
₹14,059 Cr
Satisfied charges
₹47,037 Cr
Breakdown by lending institutions
Others₹13,980.60 Cr
The South Indian Bank Limited₹78.56 Cr
Latest charge details
DateLenderAmountStatus
10 Jul 2024The South Indian Bank Limited₹78.56 CrOpen
27 Feb 2024Others₹1,000 CrOpen
20 Mar 2021Others₹500 CrOpen
27 Dec 2017Others₹35 CrOpen
05 Feb 2016Others₹50 CrOpen

Total charge records: 217 View all charges

Deals & Funding of Jindal Saw Limited

Jindal Saw Limited has 62 deals on record (50 market trades, 8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,301.73 Cr; the latest was in March 2026.

Total deals
62
Market trades
50
Funding rounds
8
Secondary share transfers
2
Convertible or debt financing
1
Disclosed funding
₹1,301.73 Cr

Deals on record (5 of 62)

WhenDealAmountParties
Mar 2026Market trade₹188.69 CrBuyer: NK Securities Research Private Limited , Junomoneta Finsol Private Limited
Seller: NK Securities Research Private Limited , Junomoneta Finsol Private Limited
Mar 2026Market trade₹91.75 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited
Jan 2026Market trade₹60.51 CrBuyer: NK Securities Research Private Limited
Seller: NK Securities Research Private Limited
Jan 2026Market trade₹161.25 CrBuyer: NK Securities Research Private Limited , Microcurves Trading Private Limited
Seller: NK Securities Research Private Limited , Microcurves Trading Private Limited
Dec 2023Market trade₹96.98 CrBuyer: Globalworth Securities Limited , Hsbc Mutual Fund, Flowers Valley Private Limited , an individual
Seller: Cresta Fund Ltd, Albula Investment Fund
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Full deal history

All 62 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Jindal Saw Limited

Jindal Saw Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
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Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Employees and EPFO Compliance at Jindal Saw Limited

Jindal Saw Limited has a workforce of 7,515 employees as of Sep 23, 2025.

Employee count
7,515
Active EPFO establishments
9
Employee growth
1.13%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

  • Monthly headcount
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  • Establishment history

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Group Structure of Jindal Saw Limited

Jindal Saw has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

6
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company NameCINShares Held
Jindal Hunting Energy Sevices LimitedU28900UP2022PLC160464-
Jitf Shipyards LimitedU35122UP2007PLC069366-
Jindal Intellicom LimitedU74899DL1988PLC033588-
Icom Analytics LimitedU74900DL2010PLC206853-
Jindal Itf LimitedU74900UP2007PLC069247-
Jindal Metals & Alloys Limited (Formerly Known As Iup Jindal Metals & Alloys Limited)U74999DL2004PLC128194-

Showing major subsidiaries. Total: 6.

Recent Activity on Jindal Saw Limited

Jindal Saw Limited has 37 board changes on record since 1984: 26 appointments and 11 cessations. The latest: Ashutosh Karnatak was appointed as Director on 27 Apr 2026.

Charges
A charge with Others of Rs. 10,600.00 Cr registered on 24 Feb 2014 with Charge ID 10482837 was modified on 17 Jun 2026.
AGM
Jindal Saw Limited last Annual general meeting of members was held on 29 May 2026 as per latest MCA records.
Charges
A charge registered on 04 Dec 2003 via Charge ID 90133146 with Kotak Mahindra was fully satisfied on 15 May 2026.
Charges
A charge registered on 03 Aug 2002 via Charge ID 90133028 with The Vysya Bank Ltd was fully satisfied on 15 May 2026.
Appointed
Ashutosh Karnatak was appointed as Director.
Filing
Jindal Saw Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh Ii.
Charges
A charge registered on 23 May 2005 via Charge ID 90133273 with State Bank Of India was fully satisfied on 13 Mar 2026.
Charges
A charge registered on 18 Mar 1998 via Charge ID 90132568 with Industrial Development Bank Of India was fully satisfied on 02 Mar 2026.
Charges
A charge registered on 31 Mar 1997 via Charge ID 90132407 with Indl. Deve. Bank Of India was fully satisfied on 02 Mar 2026.
Charges
A charge registered on 10 Jan 2004 via Charge ID 90133162 with Citi Bank was fully satisfied on 16 Feb 2026.
Charges
A charge registered on 30 Jul 2003 via Charge ID 90133119 with Citi Bank was fully satisfied on 16 Feb 2026.
Charges
A charge registered on 11 Aug 1997 via Charge ID 90132460 with The Indl. Credit And Ivestment Corp. Of India Ltd was fully satisfied on 31 Jan 2026.

518 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Jindal Saw Limited

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Subsidiaries & Group Companies of Jindal Saw Limited

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Jindal Saw Limited

Jindal Saw has 41 GST registrations: 22 active and 19 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
41
Active
22
Cancelled / inactive
19
GSTINStateStatusRegistered on
09AABCS7280C1ZDUttar PradeshActive01 Jul 2017
06AABCS7280C1ZJHaryanaActive01 Jul 2017
07AABCS7280C2ZGDelhiActive01 Jul 2017
08AABCS7280C1ZFRajasthanActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

  • GSTIN registrations
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  • Tax jurisdiction records

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MCA Filings & Documents of Jindal Saw Limited

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

  • Incorporation documents
  • Annual returns and statements
  • Charge filings
  • Complete filing index

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Related news about Jindal Saw Limited

Jindal Saw: Company Anticipates Second Half Of FY27 Will Outperform The First Half, With Overall FY27 Volumes Higher Than FY26. New Letters Of Intent Amounting To $625 Million Expected To Transform Into Confirmed Orders Soon, With Production And Shipments Beginning In February Or March.
21 Oct 2026 · Exchange Update
Jindal Saw: Expects API License Reinstatement To Affect Seamless Pipe Business Next Quarter With Strong Bidding For New API Orders, Ductile Business Improvement May Be Slow Due To Economic Factors But Some Export Orders Could Help Balance Domestic Market.
21 Oct 2026 · Exchange Update
Jindal Saw: Co's Pellet Business Profits Could Be Affected By Rising Diesel Costs, Low Iron Ore Quality, And Higher Stripping Ratios. Management Plans To Lower Inventory And Receivables To Boost Liquidity And Cut Bank Debts.
21 Oct 2026 · Exchange Update
Jindal Saw: Co's Seamless Pipe Plant In Abu Dhabi Set To Start Operations In FY28-29, With Financial Closure Expected Soon. Interim Financial Closure For Saudi Joint Venture On The Horizon.
21 Oct 2026 · Exchange Update
JINDALSAW: Q2 REVENUE 44.7B RUPEES VS 42.3B (YOY)
16 Oct 2026 · Exchange Update
JINDALSAW: Q2 CONS NET PROFIT 470M RUPEES VS 1.52B (YOY); EST 1.5B
16 Oct 2026 · Exchange Update

Frequently Asked Questions about Jindal Saw Limited

Jindal Saw is an active public limited company based in Uttar Pradesh, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 31 October 1984 (42+ years old) and is registered under CIN L27104UP1984PLC023979. Listed on BSE: 500378 and NSE: JINDALSAW.

Jindal Saw reported revenue of ₹17,895 Cr for FY 2025-26 (down 14.1% YoY) based on consolidated financials.

Jindal Saw has 13 current directors:

The GSTIN of Jindal Saw is 09AABCS7280C1ZD, registered in Uttar Pradesh. The company has 41 GST registrations in all, of which 22 are active and 19 are cancelled or inactive. Other active GSTINs include 06AABCS7280C1ZJ (Haryana), 07AABCS7280C2ZG (Delhi), 08AABCS7280C1ZF (Rajasthan).

The CIN (Corporate Identification Number) of Jindal Saw is L27104UP1984PLC023979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Jindal Saw is listed on both BSE (code: 500378) and NSE (symbol: JINDALSAW).

Jindal Saw has 486 court cases on record: 275 filed by the company and 166 filed against it. 112 are pending. Most are in the high courts.

Jindal Saw was incorporated on 31 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Jindal Saw has 62 deals on record (50 market trades, 8 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,301.73 Cr; the latest was in March 2026.

The peers of Jindal Saw by revenue are Megha Engineering & Infrastructures Limited, South Eastern Coalfields Limited, Apl Apollo Tubes Limited, Eastern Coalfields Ltd, Welspun Corp Limited and 2 more, all in the Metals and Minerals industry (Other Minerals, Pipes).

Ashutosh Karnatak was appointed as Director on 27 Apr 2026. Neeraj Kumar was appointed as Director on 01 Aug 2025. Abhiram Tayal ceased to be Director on 09 Jul 2025. Jindal Saw has 37 board changes on record in total.

Jindal Saw has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 31 Oct 2019.

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