Jindal Saw Limited (JINDALSAW) - Net Assets

Latest as of September 2025: Rs118.17 Billion INR ≈ $1.28 Billion USD

Based on the latest financial reports, Jindal Saw Limited (JINDALSAW) has net assets worth Rs118.17 Billion INR (≈ $1.28 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs211.95 Billion ≈ $2.29 Billion USD) and total liabilities (Rs93.77 Billion ≈ $1.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Jindal Saw Limited (JINDALSAW) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs118.17 Billion
% of Total Assets	55.76%
Annual Growth Rate	17.94%
5-Year Change	67.51%
10-Year Change	114.1%
Growth Volatility	39.05

Jindal Saw Limited - Net Assets Trend (2004–2025)

This chart illustrates how Jindal Saw Limited's net assets have evolved over time, based on quarterly financial data. Also explore Jindal Saw Limited asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Jindal Saw Limited (2004–2025)

The table below shows the annual net assets of Jindal Saw Limited from 2004 to 2025. For live valuation and market cap data, see Jindal Saw Limited (JINDALSAW) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs109.54 Billion ≈ $1.18 Billion	+16.94%
2024-03-31	Rs93.67 Billion ≈ $1.01 Billion	+28.70%
2023-03-31	Rs72.78 Billion ≈ $787.12 Million	+6.27%
2022-03-31	Rs68.49 Billion ≈ $740.71 Million	+4.74%
2021-03-31	Rs65.39 Billion ≈ $707.21 Million	+3.98%
2020-03-31	Rs62.89 Billion ≈ $680.12 Million	+6.59%
2019-03-31	Rs59.00 Billion ≈ $638.07 Million	+13.46%
2018-03-31	Rs52.00 Billion ≈ $562.36 Million	-1.13%
2017-03-31	Rs52.60 Billion ≈ $568.80 Million	+2.80%
2016-03-31	Rs51.16 Billion ≈ $553.32 Million	+33.10%
2015-03-31	Rs38.44 Billion ≈ $415.72 Million	+3.16%
2014-03-31	Rs37.26 Billion ≈ $402.97 Million	-3.60%
2013-03-31	Rs38.65 Billion ≈ $418.03 Million	+2.98%
2012-03-31	Rs37.53 Billion ≈ $405.92 Million	-8.26%
2011-03-31	Rs40.91 Billion ≈ $442.47 Million	+10.77%
2010-03-31	Rs36.94 Billion ≈ $399.46 Million	+30.13%
2009-03-31	Rs28.38 Billion ≈ $306.96 Million	+19.04%
2008-03-31	Rs23.84 Billion ≈ $257.87 Million	+143.75%
2007-03-31	Rs9.78 Billion ≈ $105.79 Million	0.00%
2006-03-31	Rs9.78 Billion ≈ $105.79 Million	+23.48%
2005-03-31	Rs7.92 Billion ≈ $85.68 Million	+131.35%
2004-03-31	Rs3.42 Billion ≈ $37.03 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jindal Saw Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 12026.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs100.28 Billion	87.88%
Common Stock	Rs639.51 Million	0.56%
Other Comprehensive Income	Rs6.89 Billion	6.04%
Other Components	Rs6.30 Billion	5.52%
Total Equity	Rs114.11 Billion	100.00%

Jindal Saw Limited Competitors by Market Cap

The table below lists competitors of Jindal Saw Limited ranked by their market capitalization.

Company	Market Cap
C&S Paper Co Ltd SHE:002511	$1.61 Billion
Shenzhen Noposion Agrochemicals Co Ltd SHE:002215	$1.61 Billion
Odontoprev S.A SA:ODPV3	$1.61 Billion
IReader Technology Co Ltd SHG:603533	$1.61 Billion
The Jammu & Kashmir Bank Limited NSE:J&KBANK	$1.60 Billion
HBIS Resources Co Ltd SHE:000923	$1.60 Billion
Beijing Lier High Temperature Materials Co Ltd SHE:002392	$1.60 Billion
Techno Electric & Engineering Company Limited NSE:TECHNOE	$1.60 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jindal Saw Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 100,933,292,000 to 114,109,594,000, a change of 13,176,302,000 (13.1%).
Net income of 17,383,664,000 contributed positively to equity growth.
Dividend payments of 1,273,404,000 reduced retained earnings.
Other comprehensive income decreased equity by 32,592,108,000.
Other factors increased equity by 29,658,150,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs17.38 Billion	+15.23%
Dividends Paid	Rs1.27 Billion	-1.12%
Other Comprehensive Income	Rs-32.59 Billion	-28.56%
Other Changes	Rs29.66 Billion	+25.99%
Total Change	Rs-	13.05%

Book Value vs Market Value Analysis

This analysis compares Jindal Saw Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.30x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 26.52x to 1.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs8.79	Rs232.98	x
2005-03-31	Rs16.38	Rs232.98	x
2006-03-31	Rs38.18	Rs232.98	x
2007-03-31	Rs19.09	Rs232.98	x
2008-03-31	Rs44.28	Rs232.98	x
2009-03-31	Rs52.24	Rs232.98	x
2010-03-31	Rs62.74	Rs232.98	x
2011-03-31	Rs69.33	Rs232.98	x
2012-03-31	Rs67.38	Rs232.98	x
2013-03-31	Rs132.77	Rs232.98	x
2014-03-31	Rs64.59	Rs232.98	x
2015-03-31	Rs63.58	Rs232.98	x
2016-03-31	Rs80.10	Rs232.98	x
2017-03-31	Rs84.22	Rs232.98	x
2018-03-31	Rs85.95	Rs232.98	x
2019-03-31	Rs98.24	Rs232.98	x
2020-03-31	Rs105.78	Rs232.98	x
2021-03-31	Rs109.77	Rs232.98	x
2022-03-31	Rs115.87	Rs232.98	x
2023-03-31	Rs124.70	Rs232.98	x
2024-03-31	Rs158.52	Rs232.98	x
2025-03-31	Rs178.65	Rs232.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jindal Saw Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 15.23%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.35%
• Asset Turnover: 1.00x
• Equity Multiplier: 1.82x
Recent ROE (15.23%) is above the historical average (10.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	16.59%	5.23%	0.60x	5.25x	Rs225.58 Million
2005	12.55%	4.30%	0.90x	3.23x	Rs202.04 Million
2006	17.14%	4.26%	0.99x	4.06x	Rs687.73 Million
2007	17.14%	4.26%	0.99x	4.06x	Rs687.73 Million
2008	55.97%	18.95%	1.47x	2.01x	Rs10.92 Billion
2009	11.54%	6.09%	0.86x	2.21x	Rs434.59 Million
2010	18.42%	9.28%	1.24x	1.60x	Rs3.10 Billion
2011	10.92%	9.36%	0.62x	1.88x	Rs375.56 Million
2012	5.06%	3.12%	0.65x	2.51x	Rs-1.84 Billion
2013	1.84%	1.00%	0.63x	2.92x	Rs-2.99 Billion
2014	-2.40%	-1.29%	0.58x	3.20x	Rs-4.42 Billion
2015	-0.39%	-0.18%	0.57x	3.90x	Rs-3.83 Billion
2016	-0.78%	-0.52%	0.53x	2.84x	Rs-5.52 Billion
2017	2.11%	1.61%	0.54x	2.44x	Rs-4.25 Billion
2018	3.25%	2.10%	0.63x	2.46x	Rs-3.71 Billion
2019	13.53%	7.02%	0.80x	2.41x	Rs2.22 Billion
2020	8.20%	4.77%	0.75x	2.29x	Rs-1.22 Billion
2021	4.57%	2.99%	0.66x	2.32x	Rs-3.79 Billion
2022	5.59%	3.10%	0.79x	2.29x	Rs-3.25 Billion
2023	8.13%	3.60%	0.98x	2.30x	Rs-1.48 Billion
2024	16.62%	8.00%	1.00x	2.08x	Rs6.68 Billion
2025	15.23%	8.35%	1.00x	1.82x	Rs5.97 Billion

Industry Comparison

This section compares Jindal Saw Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $6,394,084,544
Average return on equity (ROE) among peers: 11.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jindal Saw Limited (JINDALSAW)	Rs118.17 Billion	16.59%	0.79x	$1.61 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$2.76 Billion	8.80%	1.83x	$2.43 Million
APL Apollo Tubes Limited (APLAPOLLO)	$8.38 Billion	18.87%	1.60x	$5.62 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$2.83 Billion	21.21%	1.65x	$506.91 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$35.71 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$4.52 Billion	3.03%	0.71x	$180.22 Million
Electrotherm (India) Limited (ELECTHERM)	$7.10 Billion	7.62%	3.03x	$108.96 Million
Grand Foundry Limited (GFSTEELS)	$-136.60 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$490.54 Million	25.50%	2.98x	$494.08 Million
Godawari Power And Ispat limited (GPIL)	$39.47 Billion	20.10%	0.31x	$2.14 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$167.95 Million	9.40%	1.82x	$106.48 Million

About Jindal Saw Limited

NSE:JINDALSAW India Steel

Market Cap

$1.61 Billion

Rs148.45 Billion INR

Market Cap Rank

#7106 Global

#323 in India

Share Price

Rs232.98

Change (1 day)

+0.89%

52-Week Range

Rs154.64 - Rs250.84

All Time High

Rs373.88