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Jindal SAW
SectorCapital Goods
Jindal SAW Limited is an Indian company that manufactures and supplies iron and steel pipes and pellets. It has manufacturing facilities in India, USA, Europe, and UAE. The company operates in four strategic business units: Large Diameter Submerged Arc Welded Line Pipes, Seamless Pipes & Tubes, Ductile Iron Pipes, and Stainless Steel Seamless and Welded Pipes. Its products are used in oil and gas exploration, transportation, power generation, water supply, drainage, irrigation, and other industrial applications. The company's main business segment is Iron & Steel products, which includes the manufacturing of iron and steel pipes and pellets. Jindal SAW serves various industries including oil and gas, water management, and power generation.
In the news
Jindal Saw Q2 profit drops 69% to ₹47 cr on higher expenses
Jindal SAW, VA Tech Wabag top picks amid market pressure
Jindal Saw Q1 profit plunges 75% to ₹104 crore, shares fall 4%
Jindal Saw surges 1.47% on API license restoration
Elara Capital initiates BUY rating on Jindal SAW with ₹280 target
Jindal Saw shares fall 4% after API suspends licence
Jindal Saw Suspended from Using API Quality Stamp on Pipes
Jindal Saw shares surge 18% on Q3 results
Company insights, generated from the most recent coverage.
Stock fell 5.1% after hitting 52-week high of ₹313.90 — classic profit booking after a 49.5% rally in 6 months, with price breaking below pivot ₹305.86 and testing S1 support at ₹299.
Capacity utilization remains subdued at 60–65%, with management guiding peak utilization only by FY28–FY29; FY27 volume growth expected flat vs FY26, limiting near-term earnings visibility.
Management guides Q2 FY27 performance similar to Q1 with no near-term recovery; H2 improvement contingent on geopolitical and policy resolution; capacity utilization stuck at 60–65%.