Name of Company | Jindal Saw Ltd. |
BSE Code | 500378 |
NSE Code | JINDAL |
ICICI Code | |
Established | 1984 |
My Take | Like |
Headquarters | |
Promoters | OP Jindal group (this is their flagship company) |
Story | Started manufacturing Sumerged arc welded (SAW) pipes. Now manufactures a whole host of pipes and one of the largest producers in and Kosi-Kolan(UP). Strategically exited US in 2006. (note that results in 2007 and 2010 are for 15 months. |
Sector | Pipes |
Sub-sector | Seamless, Di and large dia pipes |
Website | |
Positives | Regular dividend of 0.5% after 2008. 46% promoter holding with very minor pledging. |
Negatives | Topline has been almost flat from FY06 to Fy10 (considering FY07 and Fy10 are 15 months). NPMs waver between 5 to 12%. RoCE wavering between 15 to 27%. |
Peers | Maharastra Seamless, Welspun, Oil Country |
News | |
Price @ blogged | 194.5 (09-Mar-11) |
Cost of company | 5372.09 market cap for a 711.72 Cr NP in FY ending Mar ' 10 makes it 7.55 times. This is for a company with 737.06 Cr debt and 3481.61 Cr reserves |
Mar 18, 2011
Jindal Saw Ltd - 50378
Subscribe to:
Post Comments (Atom)
LinkWithin
No comments:
Post a Comment