Jindal Drilling & Industries Ltd. (JINDRILL) AI Stock Analysis

• Market Cap: ₹13.93B
• Dividend Yield: 0.18%
• Average Volume (3M): 6.06K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 0.76
• Revenue Growth: 34.80%
• EPS Growth: 252.88%
• Country: IN
• Employees: 649
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -11.52
• Shares Outstanding: 28,981,104
• 10 Day Avg. Volume: 6,259
• 30 Day Avg. Volume: 6,060
• PEG Ratio: 0.04
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 2.98
• P/FCF Ratio: 68.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹520.00 ▼(-1.79% Downside)

The score is driven primarily by improving financial performance and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technical momentum, with the stock trading below key moving averages and negative MACD.

Positive Factors

Contracting rig-based business model

A day-rate and performance-linked contracting model yields durable, contract-backed revenue when rigs are deployed. Long-duration charters, mobilization fees and repeat orders from operators support predictable cash inflows and scale economies in operations over multi-month cycles.

Strong recent revenue and profitability momentum

Sustained revenue growth and rising net income signal improving core operations and pricing or utilization gains. If driven by higher contract wins and better operating efficiency, these trends support longer-term margin expansion and reinvestment capacity versus prior loss-making periods.

Improved cash generation and leverage profile

Turning free cash flow positive and improved debt metrics reflect stronger cash conversion and balance-sheet repair. This durable improvement enhances financial flexibility for maintenance capex, fleet readiness, and modest growth investments without immediate external funding.

Negative Factors

Earnings and cash-flow volatility

Historic swings in net income and free cash flow reduce predictability for budgeting, dividends and debt servicing. In a capital-intensive drilling business, volatility can force abrupt cuts to capex or workforce and undermine ability to secure long-term contracts or favorable financing.

Highly cyclical end-market exposure

Revenue and utilization depend on upstream operator capex and oilfield activity cycles. Structural swings in customer drilling budgets can cause prolonged underutilization of rigs, pressuring day rates, margins and long-term fleet economics regardless of the company’s operational execution.

History of elevated leverage risk

Although leverage has improved, past episodes of higher debt indicate residual refinancing and covenant risk. In downturns, legacy fleet financing or working-capital needs could reintroduce leverage stress, limiting strategic investments and raising funding costs over time.

Jindal Drilling & Industries Ltd. Business Overview & Revenue Model

Company Description

Jindal Drilling & Industries Limited provides drilling services to the oil and gas sector in India. It provides offshore drilling, horizontal and directional drilling, and mud logging services, as well as measurement while drilling services. Jindal Drilling & Industries Limited was incorporated in 1983 and is headquartered in New Delhi, India.

How the Company Makes Money

Jindal Drilling & Industries Ltd. generates revenue primarily through its drilling services in the oil and gas sector, charging clients for the use of its drilling rigs and associated services. Key revenue streams include contracts for offshore and onshore drilling projects, well completion services, and maintenance contracts. The company may also engage in engineering procurement construction (EPC) projects, which provide additional income. Strategic partnerships with major oil companies and government entities further enhance its revenue potential, as they often secure long-term contracts that ensure a steady cash flow. Additionally, the company's focus on operational efficiency and technological innovation helps in reducing costs and increasing profitability.

Jindal Drilling & Industries Ltd. Financial Statement Overview

Summary

Overall fundamentals are improving: strong recent revenue growth and better profitability, a stronger equity base with improved leverage, and operating cash flow/free cash flow turning positive. The main constraint is historical volatility in net income and free cash flow, which adds risk to sustainability.

Income Statement

Jindal Drilling & Industries Ltd. shows strong revenue growth with substantial increases from 2024 to 2025, indicating a positive trajectory. The gross profit margin is stable, though the net profit margin has seen significant improvement due to rising net income. However, past fluctuations in net income, including a loss in 2021, highlight some volatility. Overall, profitability metrics like EBIT and EBITDA margins indicate healthy operations.

Balance Sheet

The company's balance sheet reflects solid equity growth, improving its stability. The debt-to-equity ratio has improved, indicating better leverage management, although some previous periods showed higher debt levels. The equity ratio is strong, suggesting a robust asset base. While improvements are notable, past high leverage could pose future risks.

Cash Flow

Cash flow from operations has significantly improved, with free cash flow turning positive in the most recent year after previous deficits. This suggests improved operational efficiency and financial health. However, historical volatility in cash flow, including negative free cash flow in several periods, indicates potential risks. The free cash flow to net income ratio is favorable recently, showing healthy cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.11B	8.28B	6.17B	5.12B	4.20B	3.98B
Gross Profit	2.62B	1.66B	1.56B	2.01B	1.46B	1.26B
EBITDA	3.57B	2.94B	1.65B	2.24B	1.42B	649.79M
Net Income	2.38B	2.16B	511.41M	968.90M	644.66M	-58.73M
Balance Sheet
Total Assets	0.00	28.27B	20.88B	19.25B	17.88B	18.25B
Cash, Cash Equivalents and Short-Term Investments	2.18B	2.18B	713.57M	1.48B	262.86M	866.19M
Total Debt	0.00	1.64B	2.94B	2.07B	2.20B	3.30B
Total Liabilities	-15.88B	12.39B	7.25B	6.15B	5.94B	7.03B
Stockholders Equity	15.88B	15.88B	13.62B	13.09B	11.94B	11.22B
Cash Flow
Free Cash Flow	0.00	363.00M	-583.30M	487.80M	31.05M	1.86B
Operating Cash Flow	0.00	8.71B	-441.88M	640.90M	1.96B	1.91B
Investing Cash Flow	0.00	-7.49B	-204.67M	-378.00M	-663.72M	-256.55M
Financing Cash Flow	0.00	-1.31B	731.35M	-230.80M	-1.19B	-852.11M

Jindal Drilling & Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 529.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDRILL, the sentiment is Negative. The current price of 529.5 is above the 20-day moving average (MA) of 519.74, below the 50-day MA of 532.77, and below the 200-day MA of 599.34, indicating a bearish trend. The MACD of -12.42 indicates Positive momentum. The RSI at 36.22 is Neutral, neither overbought nor oversold. The STOCH value of 36.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JINDRILL.

Jindal Drilling & Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JINDRILL	69 Neutral	₹13.93B	5.88	―	0.18%	34.80%	252.88%
DOLPHIN	69 Neutral	₹18.15B	35.82	―	―	212.48%	135.64%
SEAMECLTD	68 Neutral	₹32.44B	16.99	―	―	-12.66%	-44.61%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
HINDOILEXP	58 Neutral	₹20.54B	14.55	―	―	-16.59%	-16.91%
ASIANENE	55 Neutral	₹11.50B	35.27	―	0.34%	41.19%	-26.66%
ALPHAGEO	47 Neutral	₹1.34B	-8.10	―	3.53%	―	―

Jindal Drilling & Industries Ltd. Corporate Events

Jindal Drilling Releases Q3 FY26 Earnings Presentation for Investors

Jindal Drilling & Industries Limited has released its earnings and investor presentation for the quarter ended 31 December 2025, in line with disclosure requirements under SEBI’s Listing Regulations. By formally filing this Q3 FY26 earnings presentation with both BSE and NSE, the company is providing updated financial and operational information to investors and stakeholders, reinforcing its transparency and compliance practices and offering the market an opportunity to reassess its performance and outlook.

Jindal Drilling Schedules Q3 FY26 Earnings Call With Investors

Jindal Drilling & Industries Limited has scheduled an earnings conference call on 30 January 2026 to discuss its financial results for the third quarter of FY26 with investors and analysts. Organized by Antique Stock Broking Limited as a virtual meeting, the call will feature the company’s management team and is intended to facilitate direct engagement with the investment community, underscoring the company’s emphasis on transparency and proactive communication with stakeholders around its operational and financial performance.

Jindal Drilling Begins Operations with ONGC

Jindal Drilling & Industries Ltd. has announced the commencement of operations for its Rig ‘Jindal Explorer,’ which has been chartered by the company for a three-year period with Oil and Natural Gas Corporation Limited (ONGC). This development signifies a strategic partnership with ONGC, potentially enhancing Jindal Drilling’s market position and operational capabilities within the oil and gas sector.