The shares of the manufacturer and supplier of iron and steel pipes gained up to 4 percent after Nippon India Small Cap Fund and Societe General brought 18 lakh and 2 lakh equity shares, respectively, worth Rs 97.5 crore.
With a market capitalization of Rs 17,652.03 crore, the shares of Jindal Saw Ltd were trading at Rs 552.05 per share, increasing around 2.24 percent as compared to the previous closing price of Rs 539.95 apiece.
As per the Nse deal, Cresta Fund Ltd, a foreign Institutional investor sold 20 lakh shares in the company worth Rs 108.3 crore with a face value of Rs 541.45 per share, however, Nippon India Small Cap Fund, a domestic Institutional Investor, bought 18 lakh shares in the company worth Rs 97.5 crore with a face value of Rs 541.45 per share and Societe General, a Foreign Institutional Investor bought 2 lakh equity shares at same face value.
Looking into the company’s finances, Jindal Saw Ltd’s revenue increased by 4 percent from Rs 5,188.04 Crore in Q4FY23 to 5,425.16 Crore in Q4FY24. During the same period, net profits increased by 63 percent from Rs 294.19 crore to Rs 480.37 crore.
According to the most recent presentations, the company’s overall order book is around $1.5 billion, with 70 percent of orders coming from domestic sources and the remaining 30 percent from exports. In addition, the organization prioritizes cost savings, innovation, and productivity enhancement.
The business anticipates volumes to expand at a 10-15 percent rate, accompanied by market-driven pricing. It has set a capex of around Rs 500-600 crores for FY25. Furthermore, the demand for spiral pipes in the ‘Middle East’ area is high due to numerous infrastructure initiatives.
The stock has delivered returns of 13.29 percent in the last six months and a multi-bagger return of 215.52 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 3.15 lakh in a year.
Jindal Saw Limited is an Indian manufacturer and supplier of iron and steel pipes and pellets, with manufacturing plants in India, the United States, and the United Arab Emirates (UAE). The company’s segments include Iron & Steel, Waterways Logistics, and Others.
Written by:- Abhishek Singh
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