Jindal Saw Ltd
Jindal Saw Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Robust order book exceeding 1.8 million tons, indicating strong volume visibility. The company expects volume growth supported by a robust order book exceeding 1.8 million tons, with potential to improve performance in the next three quarters if the environment remains supportive.
From Jindal Saw Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Robust order book exceeding 1.8 million tons, indicating strong volume visibility.
- Expect volume growth driven by ramp-up post blast furnace maintenance and improved execution.
- Supportive environment and smoother cash flow expected to accelerate order execution, particularly in water sector.
- New capacities in UAE and Saudi Arabia (seamless, helical, ductile pipe plants) to start contributing in 2-3 years, enhancing future growth.
- Export markets, especially GCC and MENA, offer diversification and potential for improved profitability.
- Despite short-term challenges (funding delays in water sector), management optimistic about matching or exceeding past sales volumes (e.g., 680,000 tons ductile pipe in prior year).
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Profitability & Margins
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Capital Expenditure Plans
- Jindal Saw is setting up new manufacturing capacities in the GCC and MENA regions, specifically:
- A seamless pipe manufacturing plant in Abu Dhabi (UAE), expected to take about 3 years.
- A helical pipe plant in Saudi Arabia, expected to take about 2 years.
- A ductile iron (DI) pipe facility in Saudi Arabia, expected to take about 1.5 years.
- These new projects aim to diversify geographic presence and align with regional economic diversification plans, especially in oil-dependent Gulf countries moving towards local manufacturing.
- The company has begun ground preparations such as incorporating companies and doing corporate groundwork but has not broken ground yet.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- As of June 2025, Jindal Saw Limited has a robust order book of approximately 1.56 million tons.
- Including Letters of Intent (LOIs) for ductile pipes amounting to 265,000 tons, the total effective order book exceeds 1.8 million tons, approaching 1.9 million tons.
- The order book value is around $1.5 billion.
- The company is practically booked for the next 3 quarters, and for ductile iron pipes, the booking extends to almost 1 year.
- The UAE operations have an order book close to $270 million, covering nearly one year of orders.
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Jindal Saw Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.6K Cr, net profit ₹124 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Jindal Saw Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Jindal Saw Ltd Q1 FY26 results?
Robust order book exceeding 1.8 million tons, indicating strong volume visibility. The company expects volume growth supported by a robust order book exceeding 1.8 million tons, with potential to improve performance in the next three quarters if the environment remains supportive.
What is Jindal Saw Ltd share price analysis?
Jindal Saw Ltd currently shows a neutral. The stock trades at a P/E of 26.0 with a market cap of ₹16,985 Cr. Investors should review the full earnings analysis for detailed insights.
Is Jindal Saw Ltd planning capital expenditure?
Jindal Saw is setting up new manufacturing capacities in the GCC and MENA regions, specifically: - A seamless pipe manufacturing plant in Abu Dhabi (UAE), expected to take about 3 years.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.