Jindal Saw Limited (JINDALSAW) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Jindal Saw Limited ₹238, price ₹270, upside -12.1%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Jindal Saw Limited
JINDALSAW · NSEWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹35.88 – ₹367.06 · fair‑value band ₹131.60 – ₹309.07 · the ₹270.30 price screens above the ₹237.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Company profile
Jindal Saw Limited engages in the manufacture and supply of iron and steel pipes, and pellets in India and internationally.
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Jindal Saw Limited engages in the manufacture and supply of iron and steel pipes, and pellets in India and internationally. The company offers SAW pipes, such as double jointing, connector casings, hot pulled induction bends, monel sheating and anodes installation, post weld heat treatment, eddy current testing, and clad, as well as external and internal coatings, and line pipes; centrifugal casted pipes, including push up joint, double chamber restrained joint, and flanged pipes, as well as ductile iron fittings; and carbon/alloy steel seamless pipes and tubes comprising oil country tubular goods, flow line pipes, boiler pipes and tubes, and automotive tubes. It also provides stainless steel seamless and welded pipes and tubes, such as hydraulic and instrumentation tubing, condenser, heat exchanger, U-bends, coil tubing, and seamless pipes, as well as hollows and hollow bars; and welded and UHP pipes. The company operates iron ore mine and pellet plant. It also provides precision stainless steel strips and nickel alloys for use in the production of textile machinery, clocks, watches, and electrical equipment; anti corrosion and protective coating with fittings, bends, and flanges; double chamber pipes; polyurethane coated pipes; rust-free iron pipes; cold rolled strip products; transhipment and waterborne transportation services; advisory services; helical anchor manufacturing and property holding services; and tools and fittings products. The company engages in the provision of inland shipping; business process outsourcing services comprising call center, back office, and other support offices; and information technology (IT) services, including software development and support, IT maintenance, and other development services. Its products have applications in oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation, and other industries. The company was incorporated in 1984 and is based in New Delhi, India.
Stock analysis
Jindal Saw Limited (JINDALSAW) currently trades at ₹270.30, while our model-based Fair Value estimate is ₹237.74, 12.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹259.51 per share, and 7 of the 26 models we run sit above the ₹270.30 price.
Bear case: the Dividend Discount group reads lowest at ₹25.50, and 19 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹131.60 (bear) to ₹309.07 (bull), the price of ₹270.30 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jindal Saw Limited reported revenue of ₹179B in FY2026 versus ₹133B in FY2022, a compound +7.7%/yr. Reported net income was ₹9.7B in FY2026, compounding +24.0%/yr from FY2022.
Key figures
Market cap ₹173B (≈ $1.8B) · P/E ratio 26.4 · P/S ratio 1.44 · EPS (TTM) ₹10.22 · Dividend yield 0.7% · Net margin 5.4% · Return on equity 8.0% · Return on assets (EBIT) 26.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 76% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −12%, JINDALSAW screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 71
Revenue & earnings trend
Growth Forecast
JINDALSAW screens overvalued: fair value 12% below the price. Compare with Nucor Corporation →
Compare Jindal Saw Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Valuation Multiplesvs Steel median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nucor Corporation NUE | $236.24 | $116.49 | −51% |
| ArcelorMittal S.A MT | €59.82 | €35.15 | −41% |
| Steel Dynamics, Inc STLD | $230.39 | $127.93 | −44% |
| JSW Steel Limited JSWSTEEL | ₹1,277 | ₹1,095 | −14% |
| Tata Steel Limited TATASTEEL | ₹187.97 | ₹147.10 | −22% |
| Reliance, Inc RS | $387.28 | $211.55 | −45% |
| Baoshan Iron & Steel Co 600019 | ¥5.84 | ¥8.07 | +38% |
| POSCO Holdings 005490 | 311,500 KRW | 155,270 KRW | −50% |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.09 | ¥0.5300 | −75% |
| Jindal Steel Limited JINDALSTEL | ₹1,165 | ₹516.27 | −56% |
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Key figures of Jindal Saw Limited
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