Stock Performance and Market Context
On 27 Feb 2026, Jindal Drilling & Industries Ltd’s share price touched Rs.444.3, the lowest level recorded in the past year. This decline comes after three consecutive days of losses, during which the stock has fallen by 4.79%. The day’s performance saw the stock underperform its sector by 1.48%, continuing a pattern of relative weakness.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum. In contrast, the broader Sensex index, despite a negative close at 81,779.43 points (down 0.57%), has shown some resilience, with its 50-day moving average still above the 200-day moving average, indicating a longer-term uptrend in the market.
While the S&P Bse Oil Gas index hit a new 52-week high on the same day, Jindal Drilling’s performance diverges sharply, highlighting company-specific pressures within the oil sector.
Financial Results and Profitability Metrics
The company’s recent quarterly results have been flat, with a notable decline in profitability. The Profit After Tax (PAT) for the quarter stood at a loss of Rs.33.39 crores, representing a 139.7% decrease compared to the previous four-quarter average. This sharp fall in earnings has weighed heavily on investor sentiment.
Operating profitability has also been subdued, with the PBDIT for the quarter at Rs.71.70 crores, the lowest recorded in recent periods. Additionally, cash and cash equivalents at the half-year mark have dropped to Rs.89.67 crores, indicating tighter liquidity conditions.
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Long-Term and Relative Performance
Over the past year, Jindal Drilling & Industries Ltd has delivered a negative return of 44.41%, significantly underperforming the Sensex, which posted a positive return of 9.61% over the same period. The stock has also lagged behind the BSE500 index across multiple time frames, including the last three years, one year, and three months, indicating persistent underperformance relative to the broader market.
The 52-week high for the stock was Rs.981, underscoring the steep decline to the current low of Rs.444.3. This wide price range reflects considerable volatility and challenges faced by the company in maintaining investor confidence.
Balance Sheet and Valuation Metrics
Despite recent price weakness, the company maintains a conservative capital structure, with an average Debt to Equity ratio of just 0.07 times. This low leverage reduces financial risk and provides some stability amid market fluctuations.
Operating profit has exhibited healthy long-term growth, increasing at an annual rate of 52.53%. The company’s Return on Equity (ROE) stands at 18.7%, reflecting efficient utilisation of shareholder capital. Valuation metrics also suggest the stock is trading at a discount, with a Price to Book Value ratio of 0.7, below the average historical valuations of its peers.
Interestingly, while the stock price has declined by 44.41% over the past year, the company’s profits have risen by 83.2%, resulting in a Price/Earnings to Growth (PEG) ratio of 0.1. This divergence between earnings growth and share price performance highlights a disconnect that may be influenced by broader market sentiment or sector-specific factors.
Promoter Activity
Promoter confidence appears to be strengthening, with promoters increasing their stake by 2.04% over the previous quarter. Currently, promoters hold 66.44% of the company’s equity, signalling a commitment to the business despite recent stock price pressures.
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Summary of Key Metrics
Jindal Drilling & Industries Ltd’s current Mojo Score stands at 40.0, with a Mojo Grade of Sell, downgraded from Hold on 26 May 2025. The company’s Market Cap Grade is rated 3, reflecting its mid-tier market capitalisation within the oil sector.
The stock’s recent underperformance, combined with flat quarterly results and declining profitability, has contributed to the negative sentiment. However, the company’s strong promoter holding, low leverage, and attractive valuation metrics provide a nuanced picture of its financial health.
Market and Sector Overview
The oil sector has experienced mixed trends, with the S&P Bse Oil Gas index reaching new highs while Jindal Drilling’s stock price continues to decline. This divergence suggests company-specific factors are influencing the stock’s performance more than broader sector dynamics.
The Sensex’s movement below its 50-day moving average, despite the 50DMA remaining above the 200DMA, indicates some short-term caution in the market, which may be impacting stocks like Jindal Drilling more acutely.
Conclusion
Jindal Drilling & Industries Ltd’s fall to a 52-week low of Rs.444.3 reflects a period of subdued financial performance and market challenges. The stock’s decline contrasts with sector gains and broader market resilience, underscoring company-specific pressures. While profitability metrics have weakened recently, the company’s conservative debt levels, long-term operating profit growth, and promoter stake increase provide important context to its current valuation and market position.
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