Jindal Saw Limited (JSL) (erstwhile Saw Pipes Limited) is a part of the Jindal Group was incorporated in October 1984 at Mathura (U.P.). The name of the Company was changed from Saw Pipes Limited to Jindal Saw Limited with effect from January 11, 2005. The company is a global leader in the coated and bare pipe industry, with a strong track record of supplying a wide range of pipe products to major clients both in India and internationally. It is the world's third-largest producer of rust-free iron pipes.
Jindal Saw Limited is an India-based company, which is a manufacturer and supplier of iron and steel pipes and pellets having manufacturing facilities in India, the United States of America (USA), Europe, and United Arab Emirates (UAE). The company has established itself as a prominent player in the global steel pipe industry with a diverse portfolio of products serving multiple sectors including oil and gas, water infrastructure, and industrial applications.
The Company's segments include Iron & Steel, Waterways Logistics, and Others. The Iron & Steel segment consists of the manufacturing of iron and steel pipes and pellets. The Waterways Logistics segment consists of inland and ocean-going shipping business. The Others segment includes call center and information technology services.
Its Business Divisions consist of Welded Line Pipes; Ductile Iron (DI) Pipes; Seamless Pipes & Tubes, and Mining and Pellet division. The Company manufactures submerged arc welded (SAW) pipes and spiral pipes for the energy transportation sector; carbon, alloy and seamless pipes and tubes for industrial applications; DI pipes and fittings for water and wastewater transportation. It serves a range of customers' including oil and gas exploration, transportation, power generation, supply of water for drinking, drainage, irrigation purposes, and others.
Jindal SAW Ltd is a testament to the Jindal Group's diverse industrial expertise. As a global leader in the manufacture and supply of Iron & Steel pipe products, Jindal SAW has made significant inroads into markets worldwide. Their manufacturing facilities in India, the USA, Europe, and the UAE position them as a reliable supplier to major oil and gas companies, engineering firms, and authorities dealing in irrigation and water resources.
The company's strategic geographic positioning allows it to serve diverse markets effectively, with it generating the majority of its revenue from India while maintaining significant international operations across multiple continents.
As of June 2025, Jindal Saw Ltd has a market capitalization of ₹15,975 Crore. The company's financial performance has shown both resilience and challenges in recent periods.
- The revenues of JINDAL SAW stood at ₹183,342 million in FY25, which was down -13.8% compared to ₹212,702 million reported in FY24. JINDAL SAW's revenue has grown from ₹109,296 million in FY21 to ₹183,342 million in FY25.
- The net profit of JINDAL SAW stood at ₹18,745 million in FY25, which was up 17.7% compared to ₹15,929 million reported in FY24.
- Net profit margins during the year grew from 7.6% in FY24 to 10.5% in FY25.
- The revenue of Jindal Saw Ltd for the March '25 is ₹5,074 Crore as compared to the December '24 revenue of ₹5,300 Crore.
- The net profit of Jindal Saw Ltd for the March '25 is ₹86.92 Crore as compared to the December '24 net profit of ₹479.38 Crore.
On June 9, 2025, Jindal Saw's Board approved several investment proposals, including establishing a step-down subsidiary in the UAE and joint ventures in Saudi Arabia. Jindal Saw's shares rose significantly after the board approved a $118 million investment plan to expand operations in the Middle East, including a new manufacturing facility in Abu Dhabi and joint ventures in Saudi Arabia.
The company has also maintained its commitment to shareholder returns, with Jindal Saw Ltd announces a final dividend of ₹2 per share for FY 2025, with June 5 as the last day to qualify for the payout. The total dividend disbursement amounts to approximately ₹127.9 Crore.
Promoter holding in Jindal Saw Ltd has remained stable at 63.29% as of March 2025 (unchanged from June 2024). The company maintains strong corporate governance practices and is part of several major indices including BSE 500, Nifty 500, BSE SmallCap, BSE Allcap, BSE Industrials, BSE 250 SmallCap Index, BSE 400 MidSmallCap Index, Nifty MidSmallcap 400, Nifty Smallcap 250.
CARE reaffirms Jindal Saw's ratings: NCDs ₹500 Crore, bank facilities ₹10,980 Crore, CP ₹400 Crore at CARE AA/Stable, A1+. This reflects the company's strong financial position and creditworthiness in the market.
The company's strategic focus on expanding its global footprint, particularly in the Middle East region, combined with its established manufacturing capabilities and diverse product portfolio, positions Jindal SAW Limited as a significant player in the global steel pipes and tubes industry. With its strong market position as the world's third-largest producer of rust-free iron pipes and continued investments in new markets, the company remains well-positioned to capitalize on growing infrastructure and energy sector demands globally.
