Stock Performance and Market Context
On 31 Dec 2025, Jindal Worldwide Ltd’s share price hit Rs.28, the lowest level recorded in the past year. This represents a steep fall from its 52-week high of Rs.94.19, translating to a year-to-date decline of approximately 63.67%. The stock’s performance contrasts sharply with the broader market, where the Sensex has gained 8.76% over the same period and is currently trading near its own 52-week high at 84,965.30 points, up 0.34% on the day.
Despite the stock’s decline, it marginally outperformed its sector peers today, registering a 2.02% gain and outperforming the Garments & Apparels sector by 1.54%. However, Jindal Worldwide remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.
Financial Metrics and Profitability Trends
Jindal Worldwide’s financial indicators reveal several areas of concern. The company reported a quarterly profit after tax (PAT) of Rs.11.91 crores in September 2025, reflecting a sharp contraction of 31.3% compared to previous quarters. Operating profit margin relative to net sales also declined to a low of 5.33%, indicating pressure on core profitability.
Dividend payout ratio (DPR) has dropped to zero, underscoring the company’s cautious approach to shareholder returns amid earnings pressures. Over the last five years, net sales have grown at a modest annual rate of 8.03%, while operating profit has increased at 13.04%, suggesting limited long-term growth momentum.
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Debt Servicing and Valuation Considerations
The company’s ability to service debt remains constrained, with a Debt to EBITDA ratio of 2.53 times, indicating a relatively high leverage position. This metric has contributed to the stock’s current sell-grade Mojo Grade of 31.0, which was downgraded from a Strong Sell on 17 Nov 2025.
Despite these challenges, Jindal Worldwide exhibits a return on capital employed (ROCE) of 12.8%, which is considered attractive within its sector. The enterprise value to capital employed ratio stands at 2.8, suggesting the stock is trading at a discount relative to its peers’ historical valuations. However, this valuation advantage has not translated into positive returns, as profits have declined by 17.5% over the past year.
Long-Term and Recent Performance Analysis
Over the last three years, Jindal Worldwide has underperformed the BSE500 index, reflecting persistent challenges in both growth and profitability. The stock’s negative return of 63.67% over the past year further emphasises the difficulties faced by the company in reversing its downtrend.
While the broader market environment remains constructive, with small caps leading gains and the Sensex trading above its 50-day moving average, Jindal Worldwide’s share price trajectory remains subdued. The stock’s current market capitalisation grade is rated 3, indicating a mid-tier valuation within its segment.
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Promoter Stake and Confidence
In a notable development, promoters have increased their stake in Jindal Worldwide Ltd by 1.36% over the previous quarter, now holding 61.15% of the company’s equity. This rise in promoter holding may reflect a degree of confidence in the company’s strategic direction despite the current valuation and performance pressures.
Such insider activity often signals a long-term commitment to the business, which could be a stabilising factor amid the stock’s recent volatility and price erosion.
Summary of Key Metrics
To summarise, Jindal Worldwide Ltd’s stock has reached a 52-week low of Rs.28, down significantly from its peak of Rs.94.19. The company’s financial performance shows subdued growth, with a 5-year net sales CAGR of 8.03% and operating profit growth of 13.04%. Quarterly results reveal a 31.3% decline in PAT and a low operating profit margin of 5.33%. The stock’s leverage remains elevated with a Debt to EBITDA ratio of 2.53 times, contributing to its current Mojo Grade of Sell.
While the stock trades at a discount relative to peers and maintains an attractive ROCE of 12.8%, these factors have not prevented a sustained downtrend over the past year. Promoter stake increases provide a counterpoint to the stock’s performance, indicating ongoing confidence from key shareholders.
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