Jindal Saw Limited (JINDALSAW) - Net Assets

Latest as of March 2026: Rs122.83 Billion INR ≈ $1.33 Billion USD

Based on the latest financial reports, Jindal Saw Limited (JINDALSAW) has net assets worth Rs122.83 Billion INR (≈ $1.33 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs216.86 Billion ≈ $2.35 Billion USD) and total liabilities (Rs94.03 Billion ≈ $1.02 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 strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs122.83 Billion
% of Total Assets	56.64%
Annual Growth Rate	17.67%
5-Year Change	79.33%
10-Year Change	133.53%
Growth Volatility	38.22

Jindal Saw Limited - Net Assets Trend (2004–2026)

This chart illustrates how Jindal Saw Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Jindal Saw Limited (JINDALSAW) total market value.

Annual Net Assets for Jindal Saw Limited (2004–2026)

The table below shows the annual net assets of Jindal Saw Limited from 2004 to 2026. Also explore Jindal Saw Limited equity growth rate to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs122.83 Billion ≈ $1.33 Billion	+12.13%
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 9341.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs78.07 Billion	62.09%
Common Stock	Rs639.50 Million	0.51%
Other Comprehensive Income	Rs40.74 Billion	32.40%
Other Components	Rs6.30 Billion	5.01%
Total Equity	Rs125.74 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
Generate Biomedicines, Inc. Common Stock NASDAQ:GENB	$2.02 Billion
Central China Securities Co Ltd SHG:601375	$2.02 Billion
Shenzhen Yinghe Technology Co Ltd SHE:300457	$2.02 Billion
Establishment Labs Holdings Inc NASDAQ:ESTA	$2.02 Billion
Shenzhen Fine Made Electronics Group Co Ltd SHE:300671	$2.02 Billion
Uniti Group Inc. LSE:0LJB	$2.02 Billion
Spartan Resources Ltd AU:SPR	$2.01 Billion
Afi Properties Ltd TA:AFPR	$2.01 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 2025 to 2026, total equity changed from 114,109,594,000 to 125,742,400,000, a change of 11,632,806,000 (10.2%).
Net income of 9,733,500,000 contributed positively to equity growth.
Dividend payments of 1,271,200,000 reduced retained earnings.
Share repurchases of 171,000,000 reduced equity.
Other comprehensive income increased equity by 33,842,518,000.
Other factors decreased equity by 30,501,012,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs9.73 Billion	+7.74%
Dividends Paid	Rs1.27 Billion	-1.01%
Share Repurchases	Rs171.00 Million	-0.14%
Other Comprehensive Income	Rs33.84 Billion	+26.91%
Other Changes	Rs-30.50 Billion	-24.26%
Total Change	Rs-	10.19%

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: 1.49x
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 33.31x to 1.49x 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	Rs292.60	x
2005-03-31	Rs16.38	Rs292.60	x
2006-03-31	Rs38.18	Rs292.60	x
2007-03-31	Rs19.09	Rs292.60	x
2008-03-31	Rs44.28	Rs292.60	x
2009-03-31	Rs52.24	Rs292.60	x
2010-03-31	Rs62.74	Rs292.60	x
2011-03-31	Rs69.33	Rs292.60	x
2012-03-31	Rs67.38	Rs292.60	x
2013-03-31	Rs132.77	Rs292.60	x
2014-03-31	Rs64.59	Rs292.60	x
2015-03-31	Rs63.58	Rs292.60	x
2016-03-31	Rs80.10	Rs292.60	x
2017-03-31	Rs84.22	Rs292.60	x
2018-03-31	Rs85.95	Rs292.60	x
2019-03-31	Rs98.24	Rs292.60	x
2020-03-31	Rs105.78	Rs292.60	x
2021-03-31	Rs109.77	Rs292.60	x
2022-03-31	Rs115.87	Rs292.60	x
2023-03-31	Rs124.70	Rs292.60	x
2024-03-31	Rs158.52	Rs292.60	x
2025-03-31	Rs178.65	Rs292.60	x
2026-03-31	Rs196.75	Rs292.60	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): 7.74%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.44%
• Asset Turnover: 0.83x
• Equity Multiplier: 1.72x
Recent ROE (7.74%) is below the historical average (10.81%), suggesting potential challenges in 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
2026	7.74%	5.44%	0.83x	1.72x	Rs-2.84 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: $3,536,358,369
Average return on equity (ROE) among peers: -190.72%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jindal Saw Limited (JINDALSAW)	Rs122.83 Billion	16.59%	0.77x	$2.02 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$-4.91 Billion	0.00%	0.00x	$2.78 Million
APL Apollo Tubes Limited (APLAPOLLO)	$4.72 Billion	13.50%	1.73x	$6.59 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$12.69 Billion	11.40%	0.71x	$534.85 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.31 Billion	0.53%	1.71x	$36.60 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$1.40 Billion	1.17%	3.29x	$126.24 Million
Electrotherm (India) Limited (ELECTHERM)	$265.49 Million	-1960.00%	134.73x	$124.67 Million
Grand Foundry Limited (GFSTEELS)	$-88.23 Million	0.00%	0.00x	$9.69 Million
Goodluck India Limited (GOODLUCK)	$15.29 Billion	11.82%	0.99x	$193.07 Million
Godawari Power And Ispat limited (GPIL)	$4.56 Billion	13.49%	0.95x	$1.65 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$134.72 Million	0.90%	2.02x	$119.63 Million

About Jindal Saw Limited

NSE:JINDALSAW India Steel

Market Cap

$2.02 Billion

Rs186.57 Billion INR

Market Cap Rank

#6185 Global

#277 in India

Share Price

Rs292.60

Change (1 day)

+2.15%

52-Week Range

Rs154.64 - Rs317.50

All Time High

Rs373.88