SAW Pipes (SPL), a member of the Jindal Group, is the only company in India that manufactures UOE pipes in technical collaboration with UEC Pittsburgh of USA. It manufactures UOE submerged arc welded steel tubes and cold rolled strips of various grades. The products manufactured by the company find use in critical high pressure applications like oil and gas distribution.
jindal saw ltd - 1 Year Stock Price Chart
Price
Rs
75.8
No. of shares
m
276.23
Mkt Cap
Rs m
20,938
% ch
%
-1.3
Vol
'000
15.7
% ch week
%
-8.8
P/E
X
5.3
% ch 1-mth
%
-6.2
P/CF
X
5.7
% ch 12-mth
%
-40.9
EPS (TTM)
Rs
14.4
52 week H/L
Rs
138.7/74.0
(As on May 24, 2013 (Close))
» Best Performing capital goods Stocks
EQUITY SHARE DATA
High
Rs 1,107 1,225 225 234 211
Low
Rs 316 217 36 170 109
Sales per share (Unadj.)
Rs 1,373.0 1,027.6 259.9 166.0 218.5 Earnings per share (Unadj.)
Rs 258.5 64.0 24.6 16.1 6.8 Diluted earnings per share Rs 47.9 12.1 24.3 16.1 6.8 Cash flow per share (Unadj.)
Rs 273.6 80.1 30.4 22.0 13.4 Dividends per share (Unadj.)
Rs 6.25 5.00 1.25 1.00 1.00 Adj. dividends per share Rs 1.16 0.94 1.24 1.00 1.00 Dividend yield (eoy)
% 0.9 0.7 1.0 0.5 0.6 Book value per share (Unadj.)
Rs 444.9 523.6 131.1 147.3 133.8 Adj. book value per share Rs 82.4 98.8 129.9 147.3 133.8 Shares outstanding (eoy)
m 51.14 52.12 273.61 276.23 276.23
Bonus/Rights/Conversions
WC,BC BC FV2,BC BC -
Price / Sales ratio
x 0.5 0.7 0.5 1.2 0.7
Avg P/E ratio
x 2.8 11.3 5.3 12.5 23.4 P/CF ratio (eoy)
x 2.6 9.0 4.3 9.2 11.9 Price / Book Value ratio
x 1.6 1.4 1.0 1.4 1.2 Dividend payout
% 2.4 7.8 5.1 6.2 14.6
Avg Mkt Cap
Rs m 36,386 37,579 35,706 55,798 44,197
No. of employees
`000 0.0 0.0 0.0 0.0 0.0
Total wages/salary
Rs m 1,375 1,599 2,803 2,867 3,524
Avg. sales/employee
Rs Th NM NM NM NM NM
Avg. wages/employee
Rs Th NM NM NM NM NM
Avg. net profit/employee
Rs Th NM NM NM NM NM
INCOME DATA
Net Sales
Rs m 70,217 53,559 71,103 45,863 60,364 Other income
Rs m 4,694 295 574 437 1,014
Total revenues
Rs m 74,911 53,854 71,677 46,300 61,378
Gross profit
Rs m 7,639 5,772 10,987 7,701 6,483 Depreciation
Rs m 773 840 1,585 1,638 1,818
Interest
Rs m 1,744 853 1,033 731 1,453
Profit before tax
Rs m 9,816 4,374 8,943 5,769 4,226
Minority Interest
Rs m -56 -28 -7 2 7
Prior Period Items
Rs m -8 102 -60 0 0
Extraordinary Inc (Exp)
Rs m 6,318 0 0 0 -1,408
Tax
Rs m 2,851 1,113 2,153 1,324 933
Profit after tax
Rs m 13,219 3,335 6,723 4,447 1,892 Gross profit margin
% 10.9 10.8 15.5 16.8 10.7 Effective tax rate
% 29.0 25.4 24.1 23.0 22.1
Net profit margin
% 18.8 6.2 9.5 9.7 3.1
BALANCE SHEET DATA
Current assets
Rs m 32,082 38,514 28,188 39,300 47,864
Current liabilities
Rs m 10,429 14,573 10,104 26,294 35,238
Net working cap to sales
% 30.8 44.7 25.4 28.4 20.9 Current ratio
x 3.1 2.6 2.8 1.5 1.4 Inventory Turnover
Days 62 113 41 136 130 Debtors Turnover
Days 58 86 43 103 93 Net fixed assets
Rs m 13,380 22,733 27,433 31,154 41,489
Share capital
Rs m 511 521 547 552 552
"Free" reserves
Rs m 21,724 21,550 34,665 39,325 35,181
Net worth
Rs m 22,750 27,288 35,870 40,694 36,960
Long term debt
Rs m 8,356 9,442 8,201 4,246 11,618
Total assets
Rs m 47,555 62,039 59,120 76,466 93,255 Interest coverage
x 6.6 6.1 9.7 8.9 3.9
Debt to equity ratio
x 0.4 0.3 0.2 0.1 0.3 Sales to assets ratio
x 1.5 0.9 1.2 0.6 0.6
Return on assets
% 31.5 6.8 13.1 6.8 3.6 Return on equity
% 58.1 12.2 18.7 10.9 5.1 Return on capital
% 57.3 14.4 22.5 14.5 8.8 Exports to sales
% 32.8 43.8 36.4 34.4 44.5
Imports to sales
% 34.9 51.2 35.2 48.6 38.2
Exports (fob)
Rs m 23,046 23,456 25,916 15,792 26,887 Imports (cif)
Rs m 24,486 27,422 25,012 22,284 23,061 Fx inflow
Rs m 49,515 26,320 25,989 15,878 26,978 Fx outflow
Rs m 52,173 31,874 27,190 23,765 25,145 Net fx
Rs m -2,658 -5,554 -1,201 -7,887 1,833
CASH FLOW
From Operations
Rs m 6,948 3,178 16,948 -7,988 -2,958 From Investments
Rs m 89 -5,463 -10,489 -5,932 -6,012 From Financial Activity
Rs m -4,372 1,531 -6,045 10,045 9,792 Net Cashflow
Rs m 2,665 -753 413 -3,875 822
* Results ConsolidatedSource: Company Annual Reports, Regulatory Filings, Equitymaster
» Historical quarterly results for jindal saw limited
ITEM Rs m % To R.M.C. % To SALES
Billets
6,677.2
17.2
10.7
Coke & coal
4,024.1
10.3
6.5
Others
5,411.1
13.9
8.7
Steel plates
22,793.7
58.6
36.6
Indian Promoters
:
34.6%
Foreign collaborators
:
11.4%
Indian inst/Mut Fund
:
11.4%
FIIs :
21.2%
ADR/GDR :
0.0%
Free float
:
21.5%
Shareholders
:
31,857
REGD OFF:
A1, UPSIDC Industrial Area, Nandgaon Road , Kosi Kalan, Mathura - 281 403
E-MAIL:
investors@jindalsaw.com
WEB:
www.jindalsaw.com
TELEPHONE:
(011) 2618 8360 / 74
FAX:
(011) 2617 0691
SECTOR:
CAPITAL GOODS GROUP:
JINDAL O.P.
TR AGENT:
RCMC Share Registry, 1515, B-106, Sector-2, Noida - 201 301
AUDITOR:
N. C. Aggarwal & Co.
COMP SEC: Sunil Jain YEAR OF INC: 1984 BSE CODE: 500378 FV (Rs): 2 YIELD (%): 1.3
