Jindal Saw - Consistent Margins Backed By Improved Capacity Utilisation, VAP Mix: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Jindal Saw Ltd. reported Q1 FY25 revenue of Rs 49.4 billion (+12%/-9% YoY/QoQ), Ebitda of Rs 8.4 billion (+38%/-9% YoY/QoQ), and Ebitda margin of 17% (+322 basis points/+3 bps YoY/QoQ). The company produced 439kt pipes in Q1, registering 12% YoY growth and a 5% sequential decline. Sales during the quarter at 400kt grew by 8% YoY but fell 16% sequentially. Jindal Saw achieved 36.8kt pipe sales from its UAE operations, clocking a 40% sequential growth. Pellet production and sales during the quarter were 426kt (+15%/+10% YoY/QoQ) and 413kt (+5%/+3% YoY/QoQ), respectively. The company’s current order book comprises-orders valued at $1.65 billion from the Indian steel pipes business,$251 million worth of orders from UAE operations, and~$15 million orders for value-added products from Jindal Hunting Energy Services Ltd. (JV between Jindal Saw and the Hunting Energy Services); Jindal Saw’s consistent order book, a result of robust domestic and export demand, provides visibility on execution. .Increased order execution across margin accretive segments, robust exports, and a favorable value-added product mix have enabled margin sustenance. Jindal Saw’s Q1 FY25 closing net debt stood at Rs 47.6 billion versus Rs 39.6 billion in FY24. The stock currently trades at 7.1 times trailing twelve months EV/Ebitda..Click on the attachment to read the full report:.JSW Infra - Volume Growth Trajectory To Continue: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Jindal Saw - Consistent Margins Backed By Improved Capacity Utilisation, VAP Mix: Systematix

The current orderbook of $1.6 billion provides visibility on deliveries from the Indian pipe operations, adds the brokerage.

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Jindal Saw - Consistent Margins Backed By Improved Capacity Utilisation, VAP Mix: Systematix

The current orderbook of $1.6 billion provides visibility on deliveries from the Indian pipe operations, adds the brokerage.

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