Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging. The company was incorporated in 1983 and is headquartered in New Delhi, India. Listed on BSE: 511034 and NSE: JINDRILL, the company has established itself as a prominent player in the oil and gas services sector.
The company operates as a comprehensive drilling services provider, catering to major oil and gas exploration companies across India and international markets. Jindal Drilling & Industries Ltd. provides offshore drilling services for the oil and gas industry. The company operates advanced drilling rigs and equipment, serving major energy companies in India and international markets with a focus on safety and efficiency.
The Company offers various services, such as offshore drilling, directional/horizontal drilling, measurement while drilling (MWD) services and mud logging services. It offers various types of offshore rigs, such as drilling barges, jack-up rigs, submersible rigs, semi-submersible rigs and drill ships.
#### Offshore Drilling Services
Offshore Drilling is a mechanical process where a borehole is drilled on the seabed to extract crude oil and natural oil beneath the seabed. The company specializes in deepwater drilling operations, utilizing state-of-the-art equipment and technology to ensure efficient and safe drilling operations.
#### Directional and Horizontal Drilling
Directional / Horizontal Drilling is a technique of drilling a wellbore at multiple angles; it has become more accurate, precise, and efficient. This advanced drilling technique allows for more efficient extraction of oil and gas resources from challenging geological formations.
#### Measurement While Drilling (MWD) Services
Measurement While Drilling Services: To get the real-time measurement of trajectory information such as direction, tool face, inclination, and temperature, an MWD system is installed in the drill string. It consists of three sections: Power supply, Sensor section, and Transmitter.
#### Equipment and Fleet
It owns approximately 10 ready sets of MWD tools, over 80 steerable downhole mud motors, approximately 20 jars and about 90 non-magnetic drill collars. It operates approximately six Jack-up Rigs, namely Jindal Explorer, Jindal Pioneer, Discovery I, Jindal Star, Virtue I and Jindal Supreme.
For the full year, net profit rose 322.09% to Rs 215.90 crore in the year ended March 2025 as against Rs 51.15 crore during the previous year ended March 2024. Sales rose 34.19% to Rs 827.95 crore in the year ended March 2025 as against Rs 617.01 crore during the previous year ended March 2024.
Net profit of Jindal Drilling & Industries reported to Rs 71.61 crore in the quarter ended March 2025 as against net loss of Rs 15.00 crore during the previous quarter ended March 2024. Sales rose 23.79% to Rs 245.01 crore in the quarter ended March 2025 as against Rs 197.92 crore during the previous quarter ended March 2024.
• Market Capitalization: ₹1,760.46 Crore (as of 8th July 2025)
• Revenue (FY25): Rs 827.95 crore
• Net Profit (FY25): Rs 215.90 crore
• P/E Ratio: 8.15
• P/B Ratio: 1.29
• 52-week High: ₹990.35
• 52-week Low: ₹570
Oil & Natural Gas Corporation (ONGC) has issued Notification of Award to the Company for deployment of rig Jindal Explorer on its subsequent contract for a period of 3 years at Effective Day Rate (EDR) of USD 35,138.71. The current contract of Rig Jindal Explorer with ONGC is expected to conclude in Q1 FY26 and subsequent contract is expected to commence in Q3 FY26.
Jindal Drilling & Industries announced that the Board of Directors of the Company at its meeting held on 26 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 20%), subject to the approval of the shareholders.
Jindal Drilling & Industries Limited shows a strong revenue growth of 37% for FY25, with a robust order book of ₹1,791 crore. Management remains optimistic about future growth, anticipating higher day rates and a conservative revenue forecast of INR 898 crores for FY26.
In Q4 FY25, the company achieved a 4% revenue increase and an 8% rise in profit after tax, bolstered by strategic acquisitions and improved operational efficiency. The proactive approach to diversifying operations and enhancing rig availability is crucial, especially as refurbishment timelines impact contract readiness.
Promoter Holding: 64.2%, indicating strong promoter confidence in the company's prospects.
From an O'Neil Methodology perspective, the stock has an EPS Rank of 90 which is a GREAT score indicating consistency in earnings, a RS Rating of 85 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 15 indicates it belongs to a strong industry group of Oil&Gas-Drilling and a Master Score of B is close to being the best.
An annual revenue growth of 16% is outstanding, Pre-tax margin of 25% is great, ROE of 3% is fair but needs improvement. The company has a reasonable debt to equity of 10%, which signals a healthy balance sheet.
Jindal Drilling & Industries continues to strengthen its position in the offshore drilling sector through strategic contract wins, operational excellence, and a strong financial performance. The company's robust order book, combined with its diversified service offerings and strong client relationships, positions it well for sustained growth in the evolving energy sector.
