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Jindal Drilling & Industries Ltd.
(JINDRILL)
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Rating:80Outperform
Price Target:
₹694.00
▲(31.07% Upside)
Action:Reiterated
Date:07/09/26
The score is driven primarily by strong financial performance (high profitability, rapid recent growth, and very low leverage) and attractive valuation (low P/E and very high dividend yield). Technicals are supportive due to price trading above key moving averages, but mixed momentum (negative MACD) tempers the overall score.
Positive Factors
Revenue Acceleration
A ~205% revenue jump in FY2026 signals meaningful contract wins or higher utilization, showing the business can scale core rig services. Sustained top-line momentum improves bargaining power with customers and supports investment in fleet and capabilities over the next several quarters.
Negative Factors
Volatile Cash Generation
Uneven operating and free cash flow complicates capital allocation and raises execution risk for capex and payouts. Large year-to-year swings mean earnings quality is less reliable, making multi-quarter planning and sustained dividend or buyback programs more uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
A ~205% revenue jump in FY2026 signals meaningful contract wins or higher utilization, showing the business can scale core rig services. Sustained top-line momentum improves bargaining power with customers and supports investment in fleet and capabilities over the next several quarters.
Read all positive factors
Jindal Drilling & Industries Ltd. (JINDRILL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹17.28B
Dividend Yield0.18%
Average Volume (3M)6.06K
Price to Earnings (P/E)8.1
Beta (1Y)0.83
Revenue Growth20.37%
EPS Growth-2.44%
CountryIN
Employees649
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)72.68
Shares Outstanding28,981,104
10 Day Avg. Volume6,259
30 Day Avg. Volume6,060
Financial Highlights & Ratios
PEG Ratio-2.57
Price to Book (P/B)0.74
Price to Sales (P/S)1.34
P/FCF Ratio10.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Jindal Drilling & Industries Ltd. Business Overview & Revenue Model
Company Description
Jindal Drilling & Industries Limited, an Indian company, is dedicated to offering a variety of drilling services within the oil and gas industry. Its specialized offerings encompass offshore operations, precise horizontal and directional drilling ...
How the Company Makes Money
JINDRILL makes money mainly by contracting its drilling rigs and associated drilling services to oil and gas companies. Its core revenue is typically earned under drilling contracts where the customer pays for access to a rig along with the crew a...
Jindal Drilling & Industries Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.97B | 8.28B | 6.17B | 5.12B | 4.20B |
| Gross Profit | 2.51B | 1.66B | 1.56B | 2.01B | 1.46B |
| EBITDA | 3.79B | 2.94B | 1.65B | 2.24B | 1.42B |
| Net Income | 2.11B | 2.16B | 511.41M | 968.90M | 644.66M |
Balance Sheet | |||||
| Total Assets | 25.57B | 28.27B | 20.88B | 19.25B | 17.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.06B | 2.18B | 713.57M | 1.48B | 262.86M |
| Total Debt | 931.80M | 1.64B | 2.94B | 2.07B | 2.20B |
| Total Liabilities | 7.37B | 12.39B | 7.25B | 6.15B | 5.94B |
| Stockholders Equity | 18.20B | 15.88B | 13.62B | 13.09B | 11.94B |
Cash Flow | |||||
| Free Cash Flow | 1.26B | 363.00M | -583.30M | 487.80M | 31.05M |
| Operating Cash Flow | 1.77B | 8.71B | -441.88M | 640.90M | 1.96B |
| Investing Cash Flow | -1.15B | -7.49B | -204.67M | -378.00M | -663.72M |
| Financing Cash Flow | -740.50M | -1.31B | 731.35M | -230.80M | -1.19B |
Jindal Drilling & Industries Ltd. Technical Analysis
Positive
529.50
Price Trends
595.11
Positive
552.73
Positive
549.00
Positive
Market Momentum
5.91
Negative
52.29
Neutral
60.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDRILL, the sentiment is Positive. The current price of 529.5 is below the 20-day moving average (MA) of 578.00, below the 50-day MA of 595.11, and below the 200-day MA of 549.00, indicating a bullish trend. The MACD of 5.91 indicates Negative momentum. The RSI at 52.29 is Neutral, neither overbought nor oversold. The STOCH value of 60.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JINDRILL.
Jindal Drilling & Industries Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹17.28B | 8.10 | ― | 0.18% | 20.37% | -2.44% | |
70 Outperform | ₹30.39B | 16.93 | ― | 0.67% | 54.60% | ― | |
64 Neutral | ₹15.32B | 22.01 | ― | ― | 57.28% | 47.45% | |
62 Neutral | ₹17.79B | 31.26 | ― | 0.34% | 70.10% | 19.17% | |
62 Neutral | ₹36.16B | 13.96 | ― | ― | 46.12% | 180.51% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
39 Underperform | ₹884.23M | -0.11 | ― | ― | -14.31% | 18.47% |
* General Sector Average
IN:JINDRILL
Jindal Drilling & Industries Ltd.
589.50
-41.56
-6.59%
IN:ABAN
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14.65
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IN:ASIANENE
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356.65
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18.86%
IN:DEEPINDS
Deep Industries Limited
475.80
1.07
0.23%
IN:DOLPHIN
Dolphin Offshore Enterprises India Ltd.
377.25
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-16.45%
IN:SEAMECLTD
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1,380.85
526.90
61.70%
Jindal Drilling & Industries Ltd. Corporate Events
Jindal Drilling Confirms SEBI Demat Compliance for June Quarter
Jul 9, 2026
Jindal Drilling Industries Ltd. has reported that its registrar, Alankit Assignments Ltd., issued a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. T...
Jindal Drilling Board Clears FY26 Results, Recommends 20% Final Dividend
May 22, 2026
Jindal Drilling Industries Ltd.’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, reaffirming the company’s regulatory compliance under SEBI’s listing ru...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.