Introducing Jindal Saw Ltd, PR Jindal group’s flagship company, is a global supplier of Steel and iron pellets and pipes. Jindal Saw stands as a significant global manufacturer and supplier of Iron and steel pipes and pellets. The company’s diverse product portfolio includes longitudinal submerged arc welded (LSAW) pipes, seamless pipes, ductile iron (DI) pipes, helical SAW (HSAW) pipes, and pellets, catering to a wide range of applications such as power generation, water supply, oil and gas, and more. Amidst a dynamic financial landscape, the article seeks to explore the potential trajectory of Jindal Saw’s share price from 2023 to 2030, pondering whether the company can achieve a milestone of ₹500 INR and what factors could shape its journey.
ABOUT JINDAL SAW
Established in 1984, Jindal SAW Limited (JSL), a part of the Jindal Group, is a prominent global manufacturer and supplier of iron and steel pipe products. With manufacturing units across India and international locations in the USA, Europe, and UAE, JSL operates with a diverse portfolio including Large Diameter Submerged Arc Welded Line Pipes, Seamless Pipes and tubes, Ductile Iron Pipes, and Stainless Steel Pipes.
The company’s products cater to various sectors such as oil and gas, power generation, water supply, and industrial applications. Over the years, JSL has expanded its offerings and ventured into urban infrastructure projects, contributing to its growth in the global steel industry.
HOW TO BUY JINDAL SAW SHARES IN INDIA?
You can buy Jindal Saw shares in India through various brokerage firms like:
- Zerodha
- ICICI Direct
- HDFC Securities
- Sharekhan
- Kotak Securities
JINDAL SAW SHARE PRICE TARGET 2023 TO 2030
| When | Maximum Price | Minimum Price |
| December 2023 | ₹464.40 | ₹403.83 |
Jindal Saw Limited’s share price for December 2023 is projected to fluctuate between ₹403.83 and ₹464.40.
The current market capitalization stands at ₹13,759 crore, with the present share price recorded at ₹430 as of December 14, 2023.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹473.88 | ₹412.07 |
| February 2024 | ₹483.55 | ₹420.48 |
| March 2024 | ₹493.42 | ₹429.06 |
| April 2024 | ₹479.05 | ₹416.56 |
| May 2024 | ₹471.97 | ₹410.41 |
| June 2024 | ₹488.96 | ₹425.18 |
| July 2024 | ₹484.07 | ₹420.93 |
| August 2024 | ₹503.43 | ₹437.77 |
| September 2024 | ₹523.57 | ₹455.28 |
| October 2024 | ₹513.30 | ₹446.35 |
| November 2024 | ₹528.70 | ₹459.74 |
| December 2024 | ₹541.92 | ₹471.23 |
Throughout 2024, Jindal Saw’s stock is expected to undergo fluctuations, with monthly projected price ranges from ₹412.07 to ₹541.92 in December. Investors will keenly observe market dynamics and the company’s performance, seeking opportunities within this range. The anticipated variations highlight the importance of staying attuned to economic trends for informed decision-making.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹552.76 | ₹425.20 |
| February 2025 | ₹566.93 | ₹436.10 |
| March 2025 | ₹589.04 | ₹453.11 |
| April 2025 | ₹577.49 | ₹444.22 |
| May 2025 | ₹560.67 | ₹431.28 |
| June 2025 | ₹585.90 | ₹450.69 |
| July 2025 | ₹574.41 | ₹441.85 |
| August 2025 | ₹592.18 | ₹455.52 |
| September 2025 | ₹612.90 | ₹471.46 |
| October 2025 | ₹628.84 | ₹483.72 |
| November 2025 | ₹644.56 | ₹495.81 |
| December 2025 | ₹660.67 | ₹508.21 |
In the year 2025, Jindal Saw’s stock is anticipated to exhibit a progressive trend with increasing monthly price targets. The projected price range for December 2025 is between ₹508.21 and ₹660.67, suggesting a positive trajectory. Investors are likely to monitor these upward trends closely, aligning their strategies with the expected market dynamics and company performance to capitalize on potential growth opportunities.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹693.71 | ₹485.59 |
| 2027 | ₹763.08 | ₹534.15 |
| 2028 | ₹1,068.31 | ₹534.15 |
| 2029 | ₹924.94 | ₹462.47 |
| 2030 | ₹1,202.43 | ₹841.70 |
Throughout 2026 to 2030, Jindal Saw’s share price is projected to exhibit substantial growth. The anticipated maximum price ranges from ₹693.71 in 2026 to ₹1,202.43 in 2030, reflecting an upward trajectory. Similarly, the minimum price ranges from ₹485.59 in 2026 to ₹841.70 in 2030, indicating potential fluctuations. Investors will likely strategize and adapt to these projected trends, aiming to navigate the evolving market landscape.
JINDAL SAW FINANCIAL CONDITION: LAST 5 YEARS
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
| Sales | 12,117 | 11,627 | 10,664 | 13,298 | 17,868 |
| Expenses | 10,645 | 10,116 | 9,422 | 11,899 | 16,191 |
| Operating Profit | 1,472 | 1,511 | 1,242 | 1,399 | 1,677 |
| OPM % | 12% | 13% | 12% | 11% | 9% |
| Other Income | 515 | -3 | 209 | 155 | 141 |
| Interest | 615 | 620 | 493 | 460 | 638 |
| Depreciation | 396 | 422 | 459 | 473 | 471 |
| Profit before tax | 975 | 467 | 499 | 621 | 710 |
| Tax % | 22% | 1% | 34% | 40% | 38% |
| Net Profit | 764 | 461 | 328 | 376 | 443 |
| EPS in Rs | 26.58 | 17.35 | 9.97 | 12.88 | 19.77 |
| Dividend Payout % | 8% | 12% | 20% | 16% | 15% |
Over the past five years, Jindal SAW has shown a dynamic financial performance. The company’s sales figures have demonstrated a downward trend, with a notable decline from 12,117 in 2019 to 10,664 in 2021, although a subsequent recovery occurred in 2022 and 2023, reaching 13,298 and 17,868, respectively. Despite the reduction in sales, Jindal SAW effectively managed its expenses, showcasing consistent cost-control measures that contributed to maintaining a healthy operating profit. Operating Profit Margin (OPM %) remained relatively stable, fluctuating within the 9% to 13% range. Other Income displayed variation, with a dip in 2020 and a subsequent rebound in 2021. The company’s net profit also showcased fluctuation, reaching its peak of 764 in 2019 and then experiencing a gradual recovery, culminating in a net profit of 443 in 2023. These financial indicators collectively reflect Jindal SAW’s ability to navigate challenges, adapt to changing market conditions, and maintain a resilient financial position over the past five years.
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FAQs
The share price target for Jindal Saw by 2025 is projected to range between ₹552.76 and ₹660.67, with an upward trajectory anticipated throughout the year.
The share price target for Jindal Saw by 2030 is anticipated to range between ₹485.59 and ₹1,202.43, reflecting substantial growth according to the projected maximum and minimum prices for that year.
Is it worthwhile to invest in Jindal Saw for the long term?
Investing in Jindal Saw for the long term may be worthwhile, considering the company’s global presence, diverse product portfolio, and anticipated growth in share prices from 2023 to 2030. However, potential investors should carefully monitor the company’s financial performance, market trends, and overall economic conditions to make informed investment decisions.
Will the Jindal Saw stock grow?
The trajectory of Jindal Saw’s stock growth appears positive, supported by the company’s global standing as a key supplier of steel and iron products, a diversified product portfolio, and the anticipated upward trend in share prices from 2023 to 2030, reflecting potential market confidence in its performance.
Can Jindal Saw reach ₹500 INR?
The potential trajectory of Jindal Saw’s share price suggests optimistic growth, with projections reaching as high as ₹660.67 in 2025 and ₹1,202.43 in 2030. While these projections exceed ₹500 INR, the actual achievement would depend on various market factors, economic conditions, and the company’s performance in the coming years.
CONCLUSION
In conclusion, Jindal Saw Ltd, a cornerstone of the PR Jindal Group, stands as a global force in steel and iron products. With a diverse portfolio and strategic global presence, the company is poised for growth. The projected share price uptrend from 2023 to 2030 reflects optimism, supported by resilient financial management. Despite sales fluctuations, Jindal Saw has consistently maintained a robust position, showcasing adaptability in a dynamic market. Investors are drawn to the potential within the steel industry, making Jindal Saw a compelling prospect for the future.
What did we learn?
