Stock Price Movement and Market Context
On 24 Nov 2025, Jindal Saw’s stock price touched Rs.161.5, the lowest level recorded in the past year. This new low comes after three consecutive sessions of decline, during which the stock has lost approximately 3.21% in value. The day’s performance saw the stock underperform its sector by 1.32%, indicating relative weakness within the Iron & Steel Products industry segment.
Technical indicators show that Jindal Saw is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests a persistent bearish momentum in the stock’s price action over short, medium, and long-term horizons.
In contrast, the broader market has exhibited resilience. The Sensex opened 88.12 points higher and is currently trading at 85,400.21, up 0.2% on the day. The index is approaching its 52-week high of 85,801.70, with a gain of 2.62% over the past three weeks. Mega-cap stocks have been leading this upward trend, supported by bullish moving averages where the 50-day DMA remains above the 200-day DMA.
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Comparative Performance and Valuation
Over the last twelve months, Jindal Saw’s stock has recorded a return of -45.25%, significantly lagging behind the Sensex’s positive return of 7.94% and the BSE500’s 6.72% gain. The stock’s 52-week high was Rs.342.65, highlighting the extent of the decline from its peak.
Despite the price weakness, certain valuation metrics suggest the stock is trading at a discount relative to its peers. The company’s Return on Capital Employed (ROCE) stands at 12.8%, which is considered attractive within the Iron & Steel Products sector. Additionally, the Enterprise Value to Capital Employed ratio is 0.9, indicating a relatively modest valuation compared to historical averages of comparable companies.
However, profitability metrics have shown contraction. The company’s profits have fallen by approximately 30.5% over the past year, reflecting pressures on earnings despite some long-term growth in operating profit at an annual rate of 22.13%.
Recent Financial Results and Key Ratios
Jindal Saw reported a decline in net sales by 15.22% in the quarter ending September 2025, contributing to a series of negative quarterly results. The company has recorded negative results for three consecutive quarters, with the March 2025 quarter marking the tenth consecutive quarter of such outcomes.
Operating profit to interest coverage ratio for the latest quarter is at 2.95 times, the lowest level observed recently, indicating tighter margins for servicing debt obligations. Profit After Tax (PAT) for the quarter stood at Rs.151.89 crore, reflecting a 64.7% reduction compared to the average of the previous four quarters.
The Dividend Payout Ratio (DPR) is also at a low of 6.82%, signalling restrained dividend distributions amid the challenging financial environment.
Shareholding and Industry Position
The majority shareholding in Jindal Saw remains with the promoters, maintaining a stable ownership structure. The company operates within the Iron & Steel Products sector, which has experienced mixed performance amid fluctuating commodity prices and demand cycles.
While the broader market and sector indices have shown positive momentum, Jindal Saw’s stock continues to face headwinds, as reflected in its price action and financial disclosures.
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Summary of Key Market Indicators
Jindal Saw’s current trading levels reflect a significant correction from its 52-week high, with the stock price now less than half of that peak value. The downward trajectory over recent sessions and the positioning below all major moving averages underscore the prevailing market sentiment towards the stock.
In contrast, the Sensex and broader market indices have maintained upward trends, supported by strong performances from mega-cap stocks and positive technical indicators. This divergence highlights the challenges faced by Jindal Saw relative to the overall market environment.
Investors and market participants will continue to monitor the company’s financial disclosures and market developments to assess future movements in the stock price and valuation.
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