Jindal SAW Ltd., founded in 1984, is a worldwide leader in large diameter saw pipes, DI pipes, seamless tubes, and anti-corrosion coated pipes. After years of growth, the company’s stock price reflects its solid fundamentals and market position. Understanding share price objectives helps investors make long-term investing choices.
Established in 1984, Jindal SAW Ltd (NSE: JINDALSAW) is a leading global manufacturer and supplier of iron and steel pipes. The company has emerged as a market leader in large-diameter Submerged Arc Welded (SAW) pipes, with manufacturing facilities in India, the USA, Europe, and UAE.
Jindal SAW is a leading manufacturer of large diameter SAW, DI, and seamless tubes. The company’s diversified product line and strategic global presence support its market position. Investing in infrastructure projects, with an order book of ₹15,300 crores and growing export potential, prepares them for development. The stock is expected to show significant momentum in 2024, supported by government infrastructure initiatives and increasing demand in the oil & gas sector. 2024 price target: ₹583.
Year
Minimum Price (₹)
Maximum Price (₹)
2024
307
583
Month
Minimum Price (₹)
Maximum Price (₹)
November
307
340
December
310
375
Jindal Saw Share Price Target 2025
Jindal SAW’s 2025 share price estimate exhibits growth potential because of its robust order book, worldwide expansion, and infrastructure demand. The company’s high-margin product and debt reduction strategies should create value. Experts expect the company’s market value to expand with major capacity expansion and technical enhancements. A price goal of ₹580 is set for 2025.
Year
Minimum Price (₹)
Maximum Price (₹)
2025
300
580
Month
Minimum Price (₹)
Maximum Price (₹)
January
310
424
February
314
468
March
328
510
April
330
545
May
345
500
June
356
460
July
360
510
August
370
565
September
375
510
October
380
556
November
386
580
December
409
578
Jindal Saw Share Price Target 2026
Strategic expansion and rising global steel demand bode well for Jindal SAW in 2026. Focusing on debt reduction, operational efficiency, and order book growth bodes well for the organization. The firm is poised for development with considerable investments in green technology and upgrading manufacturing facilities, plus the government’s infrastructure drive. The price target for 2026 would be ₹700.
Year
Minimum Price (₹)
Maximum Price (₹)
2026
400
700
Month
Minimum Price (₹)
Maximum Price (₹)
January
404
576
February
416
635
March
425
590
April
430
620
May
437
575
June
445
610
July
440
665
August
445
645
September
475
700
October
479
655
November
485
678
December
478
700
Jindal Saw Share Price Target 2030
With its strategic development goals, technology advances, and global infrastructure needs, Jindal SAW’s 2030 outlook is bright. Sustainable production and a solid local and international market presence set the firm for significant expansion. As investments in green technology and modernization increase and the government prioritizes infrastructure development, the 2030 pricing objective is ₹2000.
Year
Minimum Price (₹)
Maximum Price (₹)
2030
1887
2000
Month
Minimum Price (₹)
Maximum Price (₹)
January
1887
2227
February
1897
2272
March
1972
2196
April
1996
2123
May
2023
2052
June
2052
2134
July
2034
2219
August
2019
2308
September
2108
2354
October
2154
2401
November
2101
2449
December
2149
2500
Share Price Target 2040
Due to its solid foundations, technical improvements, and worldwide expansion, Jindal SAW’s long-term development trajectory seems optimistic. Sustainable manufacturing, green technology, and strategic infrastructure development market positioning show growth possibilities for the organization. Considering industrial development, worldwide demand for steel, and India’s infrastructure growth, the price goal for 2040 is ₹3,500.
Year
Minimum Price (₹)
Maximum Price (₹)
2040
3,200
3,500
Month
Minimum Price (₹)
Maximum Price (₹)
January
3,200
3,350
February
3,250
3,380
March
3,280
3,410
April
3,210
3,440
May
3,240
3,470
June
3,270
3,400
July
3,300
3,420
August
3,320
3,440
September
3,340
3,460
October
3,360
3,480
November
3,380
3,490
December
3,390
3,500
Share Price Target 2050
Due to its strong steel market position and ongoing technical improvements, Jindal SAW’s ultra-long-term growth potential remains robust. To reflect the expected rise in sustainable manufacturing, digital transformation, and infrastructure development, and India’s status as a significant economic power by 2050, the pricing objective is ₹5,000.
Year
Minimum Price (₹)
Maximum Price (₹)
2050
4,500
5,000
Month
Minimum Price (₹)
Maximum Price (₹)
January
4,500
4,842
February
4,542
4,884
March
4,584
4,826
April
4,626
4,868
May
4,668
4,810
June
4,610
4,852
July
4,652
4,894
August
4,694
4,936
September
4,636
4,978
October
4,678
4,920
November
4,720
4,960
December
4,760
5,000
Should I Buy Jindal SAW Stock?
Jindal SAW is a promising investment based on market study and business performance. The firm has performed well with a $1.65 billion order book and solid KPIs. Consolidated sales rose 12%, EBITDA 38.2%, and PAT 70.5% YoY in Q1 FY25.
Year
Minimum Price (₹)
Maximum Price (₹)
2024
307
583
2025
600
798
2026
900
1023
2030
1887
2000
2040
3200
3500
2050
4500
5000
The company’s shares outpaced the Sensex by 12.13% last month. The firm is financially sound with a March 2024 ROE of 16.61%, above its 5-year average of 9.1%4. SBI Securities’ target price of ₹784.3 indicates a 13.69% potential increase.
Q1 FY25 results from Jindal SAW exceeded analyst forecasts with robust growth across all major financial measures. The company’s value-added goods and operational efficiency have improved margins across all product groups.
Financial Metrics
Q1 FY25
Q1 FY24
YoY Growth
Revenue
₹4,939 Cr
₹4,410 Cr
+12.0%
EBITDA
₹839.6 Cr
₹607.7 Cr
+38.2%
Net Profit
₹441.1 Cr
₹265 Cr
+66.7%
EBITDA Margin
17.0%
13.8%
+3.2%
Expert Forecasts On The Future Of Jindal Saw Ltd.
Leading market experts and financial institutions expect Jindal SAW to expand. SBI Securities’ target price of ₹784.3 suggests substantial upside potential3. Key expert predictions:
Revenue visibility for the next 3-4 quarters is solid. With 32% of the company’s $1.65 billion order book coming from worldwide markets, this implies ongoing export growth.
Sathavahana is scheduled to provide 200,000 tonnes at peak usage in FY25 and 50,000 tonnes via debottlenecking.
Financial performance is expected to improve, building on Q1 FY25’s 70.5% YoY PAT increase and 38.2% EBITDA growth driven by value-added goods and operational efficiency.
Analysts expect the company’s debt reduction plan will increase financial KPIs and shareholder value by FY26 by eliminating long-term debt.
Market analysts expect urbanization and smart city projects to fuel water infrastructure development, accounting for 70% of the order book.
Is Jindal Saw Stock Good To Buy? (Bull Case & Bear Case)
Bull Case
Revenue growth is likely with $1.65 billion in order book visibility and 32% export orders.
Outstanding Q1 FY25 performance with 70.5% YoY PAT and 17% EBITDA margin.
Strategic expansion at Sathavahana provides 200,000 tonnes of capacity and 50,000 tonnes via debottlenecking.
Well-diversified product portfolio spanning main pipe segments with no product exceeding 30% of sales.
Good operational indicators with a 12% YoY Iron & Steel Pipes production increase.
Increased standalone debt from ₹3,200 to ₹3,900 crore for increased working capital needs.
The net profit margin of 7.20%, the lowest in five quarters, indicates pressure for profitability.
Recent quarters’ highest debt-to-equity ratio of 0.74 times indicates financial risk.
Commodity price changes threaten margins and profitability.
Global economic circumstances and regulations may affect demand and operations.
Conclusion
Strong fundamentals, a huge order book, and targeted expansion strategies make Jindal SAW an attractive investment. Despite short-term issues, including debt and commodity price uncertainties, the company’s long-term prospects are good. The stock appeals to medium—to long-term investors due to its expected debt reduction by FY26 and worldwide expansion.
FAQs
Jindal SAW is a top maker of big-diameter pipes in India, with a market worth of ₹20,803 crores. It is a major player in SAW, DI, and seamless pipes. Their order book is $1.65 billion, including 32% from overseas markets, showing robust commercial momentum.
The firm achieved 12% YoY sales growth, 38.2% EBITDA growth, and 70.5% PAT increase in Q1 FY25. Operational solid efficiency and excellent execution of high-margin orders increased the EBITDA margin to 17.0% from 13.8% last year.
Infrastructure spending, substantial export opportunities, expansion of manufacturing capabilities through the Sathavahana facility, focus on value-added products, and 70% of their order book being water infrastructure drive the company’s growth.
Although working capital needs have boosted standalone debt to ₹3,900 crore, the business aims to eliminate all long-term debt by FY26. Improve working capital efficiency and generate strong cash flows to attain this goal, says management.
Key risks include commodity price variations hurting margins, high working capital needs causing debt, dependency on government infrastructure expenditure, global economic concerns harming export orders, and severe local rivalry. The company’s diversified product line and solid market position reduce these risks.
