Jindal Saw Limited

NSEI:JINDALSAW Stock Report

Market Cap: ₹191.3b

Jindal Saw Valuation

Is JINDALSAW 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 JINDALSAW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JINDALSAW (₹299.9) is trading above our estimate of fair value (₹233.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for JINDALSAW. This is calculated by dividing JINDALSAW's market cap by their current earnings.
What is JINDALSAW's PE Ratio?
PE Ratio9.6x
Earnings₹19.76b
Market Cap₹191.35b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for JINDALSAW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.2x
JAIBALAJI Jai Balaji Industries
19.5xn/a₹168.2b
RKFORGE Ramkrishna Forgings
46.7x16.3%₹171.2b
520111 Ratnamani Metals & Tubes
48.1x20.5%₹238.7b
SHYAMMETL Shyam Metalics and Energy
26.6x38.1%₹228.5b
JINDALSAW Jindal Saw
9.6x5.5%₹191.3b

Price-To-Earnings vs Peers: JINDALSAW is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (35.2x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$369.97m
526608 Electrotherm (India)
3.1xn/aUS$148.66m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.85m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.83m
JINDALSAW 9.6xIndustry Avg. 23.8xNo. of Companies26PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JINDALSAW is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Indian Metals and Mining industry average (23.8x).

Price to Earnings Ratio vs Fair Ratio

What is JINDALSAW'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.

JINDALSAW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio26.7x

Price-To-Earnings vs Fair Ratio: JINDALSAW is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (26.7x).

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 JINDALSAW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹299.90
₹452.00
+50.7%
1.1%₹457.00₹447.00n/a2
Nov ’25₹314.45
₹452.00
+43.7%
1.1%₹457.00₹447.00n/a2
Oct ’25₹367.63
₹435.25
+18.4%
2.4%₹445.50₹425.00n/a2
Sep ’25₹340.33
₹435.25
+27.9%
2.4%₹445.50₹425.00n/a2
Aug ’25₹323.63
₹435.25
+34.5%
2.4%₹445.50₹425.00n/a2
Jul ’25₹272.85
₹400.75
+46.9%
5.2%₹421.50₹380.00n/a2
Jun ’25₹268.90
₹400.75
+49.0%
5.2%₹421.50₹380.00n/a2
May ’25₹277.50
₹295.25
+6.4%
10.1%₹325.00₹265.50n/a2
Apr ’25₹236.48
₹295.25
+24.9%
10.1%₹325.00₹265.50n/a2
Mar ’25₹244.90
₹295.25
+20.6%
10.1%₹325.00₹265.50n/a2
Feb ’25₹256.30
₹295.25
+15.2%
10.1%₹325.00₹265.50n/a2
Jan ’25₹211.08
₹233.00
+10.4%
7.3%₹250.00₹216.00n/a2
Dec ’24₹235.35
₹233.00
-1.0%
7.3%₹250.00₹216.00n/a2
Nov ’24₹217.43
₹233.00
+7.2%
7.3%₹250.00₹216.00₹314.452
Oct ’24₹173.30
₹211.00
+21.8%
2.8%₹217.00₹205.00₹367.632
Sep ’24₹180.35
₹211.00
+17.0%
2.8%₹217.00₹205.00₹340.332
Aug ’24₹165.50
₹127.25
-23.1%
1.4%₹129.00₹125.50₹323.632
Jul ’24₹127.95
₹127.25
-0.5%
1.4%₹129.00₹125.50₹272.852
Jun ’24₹123.18
₹127.25
+3.3%
1.4%₹129.00₹125.50₹268.902
May ’24₹81.78
₹91.25
+11.6%
4.1%₹95.00₹87.50₹277.502
Apr ’24₹72.95
₹91.25
+25.1%
4.1%₹95.00₹87.50₹236.482
Mar ’24₹74.78
₹91.25
+22.0%
4.1%₹95.00₹87.50₹244.902
Feb ’24₹62.10
₹91.25
+46.9%
4.1%₹95.00₹87.50₹256.302
Jan ’24₹51.78
₹62.50
+20.7%
4.0%₹65.00₹60.00₹211.082
Dec ’23₹45.70
₹62.50
+36.8%
4.0%₹65.00₹60.00₹235.352
Nov ’23₹39.50
₹59.75
+51.3%
8.8%₹65.00₹54.50₹217.432

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

ACC

₹410.4b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

500410

₹2,185.05

7D

-0.6%

1Y

20.3%

Sagar Cements

₹27.5b

Engages in the manufacture and sale of cement in India.

502090

₹210.75

7D

1.3%

1Y

-15.6%

E.I.D.- Parry (India)

₹145.8b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

500125

₹820.55

7D

6.2%

1Y

67.4%