Jindal Drilling & Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,433 Cr
- P/E
- 7.37
- ROE
- 10.22%
- PEG
- 0.33
- Price to sales
- 1.39
- Debt to equity
- 0.05
- 52W high / low
- ₹678 / ₹445
- Sales growth (5Y)
- 20.16%
- EBITDA margin
- 33.48%
- Net profit margin
- 17.48%
- Promoter holding
- 66.78%
- Sales (last year)
- ₹1,018 Cr
Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging. [1]
Guidance scorecard · Q1 FY27 call
What Jindal Drilling & Industries Ltd's management guided
and where it ranks in Oil
RevenueQ1 FY27 call
0–10%- Optimism about future growth due to improved expenditure in oil and gas sector, as indicated by media and industry insiders.
- Expectation that improved spending in other sectors will also translate to increased expenditure in their drilling sector, benefiting the company.
- Three rigs are due for dehire and refurbishment in the current financial year, causing a temporary revenue dip in H2 FY27 with no revenue during refurbishment (4-6 months).
- Post-refurbishment, the company is confident these rigs will be redeployed, expecting a good outlook for contract renewals aided by government initiatives like the Samudra Manthan scheme.
2 more points from Jindal Drilling & Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Jindal Drilling & Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- Currently, Jindal Drilling & Industries Limited is not planning any acquisitions or major capital investments.
- The company is focusing on redeploying the three rigs that are due for dehire and will undergo refurbishment.
- Refurbishment costs are significant, estimated between INR 90 crores to INR 110 crores per rig due to inflation and higher labor/material costs.
2 more points from Jindal Drilling & Industries Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Jindal Drilling & Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The current order book stands at INR 1,310 crores (as of Q1 FY27).
- The order book is bifurcated rig-wise and day rate-wise to help assess future revenue.
- The order book is also divided year-wise in the presentation.
- Three rigs are expected to be dehired and go under refurbishment during the current financial year.
- Despite dehirings, the company remains confident of redeploying these rigs.
- Day rates for new contracts have fluctuated significantly, impacting overall revenue expectations.
2 more points from Jindal Drilling & Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Oil
on management's own guidance
- Deep IndustriesGood growth2
- Asian EnergyGood growth1
- Ganesh Benzopl.Good growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Oil companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Asian Energy | 20–40% | Up 2%+ | ₹2,233 Cr | 34.6 |
| 2 | Deep Industries | 20–40% | Up 0–2% | ₹4,822 Cr | 11.6 |
| 3 | Ganesh Benzopl. | 20–40% | Flat | ₹672 Cr | 10.3 |
| 4 | 10–20% | Flat | ₹2.79L Cr | 6.4 | |
| 5 | 10–20% | Flat | ₹72,385 Cr | 8.7 | |
| 6 | 10–20% | Flat | ₹12,103 Cr | 56.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Oil rankingFinancials of Jindal Drilling & Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jindal Drilling & Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 103 | 94 | 142 | 183 | 198 | 171 | 172 | 239 | 245 | 254 | 238 | 242 | 263 |
| Expenses + | 73 | 61 | 98 | 128 | 195 | 132 | 141 | 159 | 158 | 147 | 145 | 170 | 185 |
| Operating Profit | 31 | 33 | 44 | 55 | 3 | 39 | 31 | 81 | 87 | 107 | 93 | 72 | 78 |
| OPM % | 30% | 35% | 31% | 30% | 1% | 23% | 18% | 34% | 36% | 42% | 39% | 30% | 30% |
| Other Income + | 5 | 5 | 8 | 7 | 11 | 34 | 29 | 32 | 37 | 18 | 121 | -77 | 18 |
| Interest | 3 | 3 | 4 | 4 | 2 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 2 |
| Depreciation | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 26 | 31 | 37 | 38 | 38 | 38 |
| Profit before tax | 17 | 19 | 32 | 42 | -5 | 51 | 40 | 82 | 90 | 85 | 173 | -45 | 57 |
| Tax % | 38% | 36% | 32% | 24% | 215% | 15% | 13% | 20% | 20% | 22% | 24% | -27% | 20% |
| Net Profit + | 10 | 12 | 22 | 32 | -15 | 44 | 34 | 66 | 72 | 66 | 133 | -33 | 45 |
| EPS in Rs | 3.51 | 4.16 | 7.63 | 11.02 | -5.18 | 15.13 | 11.89 | 22.76 | 24.71 | 22.81 | 45.73 | -11.52 | 15.66 |
Financials of Jindal Drilling & Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 540 | 320 | 372 | 149 | 207 | 216 | 398 | 420 | 512 | 617 | 828 | 997 |
| Expenses + | 335 | 284 | 355 | 209 | 198 | 793 | 356 | 310 | 349 | 478 | 587 | 647 |
| Operating Profit | 205 | 36 | 17 | -60 | 10 | -577 | 42 | 110 | 163 | 139 | 241 | 349 |
| OPM % | 38% | 11% | 5% | -40% | 5% | -267% | 11% | 26% | 32% | 23% | 29% | 35% |
| Other Income + | 42 | 127 | 89 | 56 | 81 | 34 | 8 | 32 | 47 | 29 | 131 | 80 |
| Interest | 12 | 2 | 10 | 4 | 14 | 14 | 16 | 12 | 11 | 15 | 19 | 8 |
| Depreciation | 84 | 15 | 9 | 9 | 9 | 26 | 32 | 43 | 63 | 64 | 89 | 151 |
| Profit before tax | 152 | 146 | 86 | -17 | 69 | -583 | 2 | 87 | 136 | 89 | 263 | 270 |
| Tax % | 17% | 12% | 8% | -51% | 0% | 1% | 416% | 26% | 29% | 42% | 18% | 22% |
| Net Profit + | 125 | 129 | 80 | -8 | 68 | -591 | -6 | 64 | 97 | 51 | 216 | 211 |
| EPS in Rs | 43.19 | 44.52 | 27.52 | -2.87 | 23.54 | -203.82 | -2.03 | 22.25 | 33.43 | 17.65 | 74.50 | 72.67 |
| Dividend Payout % | 1% | 1% | 2% | -17% | 2% | -0% | -25% | 2% | 2% | 3% | 1% | 1% |
Financials of Jindal Drilling & Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 1,447 | 1,614 | 1,675 | 1,669 | 1,805 | 1,262 | 1,107 | 1,180 | 1,295 | 1,348 | 1,574 | 1,806 |
| Borrowings + | 356 | 87 | 77 | 63 | 163 | 399 | 330 | 220 | 207 | 294 | 164 | 93 |
| Other Liabilities + | 165 | 189 | 86 | 78 | 610 | 121 | 272 | 276 | 338 | 384 | 1,028 | 644 |
| Total Liabilities | 1,982 | 1,905 | 1,853 | 1,824 | 2,592 | 1,796 | 1,723 | 1,691 | 1,854 | 2,041 | 2,780 | 2,557 |
| Fixed Assets + | 745 | 55 | 68 | 64 | 53 | 531 | 502 | 651 | 602 | 551 | 1,294 | 1,185 |
| CWIP | 0 | 1 | 0 | 0 | 519 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| Investments | 767 | 1,100 | 1,094 | 1,052 | 1,181 | 627 | 414 | 447 | 495 | 444 | 606 | 220 |
| Other Assets + | 470 | 749 | 691 | 709 | 839 | 639 | 807 | 593 | 757 | 1,045 | 880 | 1,146 |
| Total Assets | 1,982 | 1,905 | 1,853 | 1,824 | 2,592 | 1,796 | 1,723 | 1,691 | 1,854 | 2,041 | 2,780 | 2,557 |
Financials of Jindal Drilling & Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -46 | -61 | -67 | 8 | 52 | 106 | 196 | 64 | -44 | 864 | 178 | |
| Cash from Investing Activity + | -40 | 84 | 86 | -92 | -272 | 60 | -66 | -38 | -20 | -726 | -108 | |
| Cash from Financing Activity + | 84 | -21 | -19 | 86 | 222 | -85 | -119 | -23 | 73 | -148 | -82 | |
| Net Cash Flow | -2 | 2 | 0 | 2 | 2 | 80 | 11 | 3 | 8 | -10 | -13 | |
| Free Cash Flow | -56 | -68 | -72 | 5 | -451 | 102 | 4 | 50 | -57 | 33 | 129 | |
| CFO/OP | -78% | -263% | 99% | 132% | -10% | 257% | 173% | 31% | -29% | 370% | 63% |
Financials of Jindal Drilling & Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 134 | 85 | 250 | 176 | 214 | 152 | 134 | 110 | 112 | 90 | 82 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 92 | 134 | 85 | 250 | 176 | 214 | 152 | 134 | 110 | 112 | 90 | 82 |
| Working Capital Days | -71 | 58 | 117 | 378 | 153 | 121 | -27 | -17 | 16 | 64 | -101 | 67 |
| ROCE % | 8% | 5% | -1% | 4% | -31% | 1% | 7% | 10% | 7% | 16% | 15% |
Guidance history
How Jindal Drilling & Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | None planned | None planned | — |
| Q3 FY26 call → | 0–10% | Flat | — | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q1 FY26 call → | 0–10% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −14.2% | 45% |
| Last 6 months | −8.3% | 42% |
| Last 3 months | −19.7% | 22% |
The price is 46.8% below its all-time high of ₹929.6 (7 Feb 2025). Stocks more than 20% below their peak have their score halved, so 39 became 20.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jindal Drilling & Industries Ltd: 0.4 × 45 + 0.4 × 42 + 0.2 × 22 = 39, halved to 20 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Jindal Drilling & Industries Ltd's management said in earlier quarters
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