Jindal Saw Limited
Quality Scores
AI Summary
Jindal Saw Limited is a prominent global manufacturer of submerged arc welded (SAW) pipes and ductile iron (DI) pipes, holding the status of the world’s third-largest rust-free iron pipe producer. The company exhibits a cyclical business profile with significant revenue volatility, reaching ₹20,958 Cr in FY2024 before a sharp TTM decline of 14%. While the business has achieved a 10-year profit CAGR of 42% from a low base, return ratios remain relatively modest, with ROCE typically hovering near the cost of capital. The transition toward value-added products like DI pipes has supported margin…
Top Opportunities
- Global leader in coated and bare pipe industry
- World's third-largest producer of DI pipes
- Robust Cash Flow from Operations over 10-year period
Top Risks
- Significant cyclicality in PAT and EPS
- Poor sales growth of 10.9% over past 5 years
- Working capital days increased from 42 to 66 days
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