Jindal Saw Limited

BSE:500378 Stock Report

Market Cap: ₹188.8b

Jindal Saw Valuation

Is 500378 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500378 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500378 (₹296.7) is trading above our estimate of fair value (₹232.81)

Significantly Below Fair Value: 500378 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500378?

Key metric: As 500378 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500378. This is calculated by dividing 500378's market cap by their current earnings.
What is 500378's PE Ratio?
PE Ratio9.6x
Earnings₹19.76b
Market Cap₹188.84b

Price to Earnings Ratio vs Peers

How does 500378's PE Ratio compare to its peers?

The above table shows the PE ratio for 500378 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.7x
RKFORGE Ramkrishna Forgings
46.7x16.3%₹174.2b
JAIBALAJI Jai Balaji Industries
19.4xn/a₹168.5b
520111 Ratnamani Metals & Tubes
45.8x20.5%₹243.0b
SHYAMMETL Shyam Metalics and Energy
27x38.1%₹226.1b
500378 Jindal Saw
9.6x5.5%₹188.8b

Price-To-Earnings vs Peers: 500378 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (34.7x).

Price to Earnings Ratio vs Industry

How does 500378's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$366.20m
526608 Electrotherm (India)
3.3xn/aUS$148.27m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.64m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.58m
500378 9.6xIndustry Avg. 24.2xNo. of Companies25PE01632486480+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500378 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Indian Metals and Mining industry average (24.2x).

Price to Earnings Ratio vs Fair Ratio

What is 500378's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500378 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio26.8x

Price-To-Earnings vs Fair Ratio: 500378 is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500378 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹296.70
₹452.00
+52.3%
1.1%₹457.00₹447.00n/a2
Nov ’25₹315.00
₹452.00
+43.5%
1.1%₹457.00₹447.00n/a2
Oct ’25₹367.53
₹435.25
+18.4%
2.4%₹445.50₹425.00n/a2
Sep ’25₹339.13
₹435.25
+28.3%
2.4%₹445.50₹425.00n/a2
Aug ’25₹323.18
₹435.25
+34.7%
2.4%₹445.50₹425.00n/a2
Jul ’25₹272.50
₹400.75
+47.1%
5.2%₹421.50₹380.00n/a2
Jun ’25₹268.78
₹400.75
+49.1%
5.2%₹421.50₹380.00n/a2
May ’25₹277.50
₹295.25
+6.4%
10.1%₹325.00₹265.50n/a2
Apr ’25₹236.55
₹295.25
+24.8%
10.1%₹325.00₹265.50n/a2
Mar ’25₹245.10
₹295.25
+20.5%
10.1%₹325.00₹265.50n/a2
Feb ’25₹256.10
₹295.25
+15.3%
10.1%₹325.00₹265.50n/a2
Jan ’25₹211.00
₹233.00
+10.4%
7.3%₹250.00₹216.00n/a2
Dec ’24₹235.08
₹233.00
-0.9%
7.3%₹250.00₹216.00n/a2
Nov ’24₹217.58
₹233.00
+7.1%
7.3%₹250.00₹216.00₹315.002
Oct ’24₹173.25
₹211.00
+21.8%
2.8%₹217.00₹205.00₹367.532
Sep ’24₹180.30
₹211.00
+17.0%
2.8%₹217.00₹205.00₹339.132
Aug ’24₹165.30
₹127.25
-23.0%
1.4%₹129.00₹125.50₹323.182
Jul ’24₹127.78
₹127.25
-0.4%
1.4%₹129.00₹125.50₹272.502
Jun ’24₹123.23
₹127.25
+3.3%
1.4%₹129.00₹125.50₹268.782
May ’24₹81.60
₹91.25
+11.8%
4.1%₹95.00₹87.50₹277.502
Apr ’24₹72.78
₹91.25
+25.4%
4.1%₹95.00₹87.50₹236.552
Mar ’24₹74.80
₹91.25
+22.0%
4.1%₹95.00₹87.50₹245.102
Feb ’24₹62.13
₹91.25
+46.9%
4.1%₹95.00₹87.50₹256.102
Jan ’24₹51.80
₹62.50
+20.7%
4.0%₹65.00₹60.00₹211.002
Dec ’23₹45.65
₹62.50
+36.9%
4.0%₹65.00₹60.00₹235.082
Nov ’23₹39.53
₹59.75
+51.2%
8.8%₹65.00₹54.50₹217.582

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Maharashtra Seamless

₹85.9b

Manufactures and sells seamless steel pipes and tubes in India.

500265

₹641.05

7D

5.5%

1Y

-30.5%

Paradeep Phosphates

₹85.5b

Engages in the manufacture, trade, distribution, and sale of urea and complex fertilizers in India.

PARADEEP

₹104.85

7D

0.6%

1Y

62.6%

NMDC

₹646.8b

Explores for and produces iron ore in India.

NMDC

₹220.77

7D

0.9%

1Y

27.5%