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

• Market Cap: ₹13.77B
• Dividend Yield: 0.18%
• Average Volume (3M): 6.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• 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: 68 Neutral
• Price Target: ₹508.00 ▼(-4.06% Downside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is primarily driven by solid financial performance (strong recent growth and profitability with improving cash flow and leverage), partially offset by historical volatility. Technicals are moderately supportive with positive intermediate momentum but a weaker long-term trend versus the 200-day average. Valuation is mixed due to a negative P/E despite a very high stated dividend yield.

Positive Factors

Revenue & Profitability Growth

Sustained revenue expansion and rising profitability indicate the core drilling business is winning more contracts and extracting better margins. Over the next 2–6 months this supports reinvestment in fleet uptime, strengthens cash generation and underpins operating resilience versus peers.

Improving Balance Sheet

An improving leverage profile and stronger equity base increase financial flexibility to fund maintenance, selective capex or tender bids without immediate external funding. This reduces refinancing and covenant risk and strengthens the firm's ability to sustain operations through cyclicality.

Positive Free Cash Flow

Recent conversion of earnings into positive free cash flow signals better operational efficiency and liquidity. Durable cash generation supports routine fleet upkeep, reduces reliance on debt for working capital, and provides capacity for shareholder returns or selective reinvestment.

Negative Factors

Earnings & Cash Volatility

Past swings in earnings and cash flow weaken predictability of free cash generation and make planning capex, contract bidding and dividends harder. Volatility raises the chance of short-term financing needs and can magnify stress if upstream demand softens within the next several months.

Cyclical Upstream Exposure

Revenue and utilization depend materially on upstream operators' capex cycles and tender timing. This structural cyclicality can quickly reduce rig-days and day rates in downturns, pressuring top-line and margins for several quarters irrespective of company-level improvements.

Prior Periods of Higher Leverage

Historical episodes of elevated debt imply latent refinancing or covenant risk if cash flow reverts. Even with recent improvement, legacy leverage patterns can limit strategic flexibility and increase borrowing costs should market conditions or revenues deteriorate within the medium term.

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

JINDRILL primarily makes money by contracting its drilling rigs and associated drilling services to oil and gas exploration and production companies. Under these contracts, revenue is generally earned through rig charter/day-rate style billing (payment for making the rig and crew available) and/or performance-linked payments tied to drilling operations, with additional billings possible for mobilization/demobilization, specialized services, or reimbursable items depending on contract terms. Key earnings drivers include (i) fleet utilization (how many rig-days are contracted and working), (ii) contracted day rates and contract duration, (iii) operational uptime and drilling performance (which can influence incentives/penalties), and (iv) cost control on crew, maintenance, and consumables. Material factors that influence revenue and profitability include customer spending in the upstream cycle, tender awards/renewals, regulatory and safety compliance requirements, and the company’s ability to keep rigs deployed under long-term or repeat contracts with major operators.

Jindal Drilling & Industries Ltd. Financial Statement Overview

Summary

Strong revenue growth and improved profitability (better net margin, healthy EBIT/EBITDA), supported by solid equity growth and improving leverage. Cash flow has improved with recently positive free cash flow, but historical volatility in earnings and cash generation keeps the score below top-tier.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.77B	8.28B	6.17B	5.12B	4.20B	3.98B
Gross Profit	3.37B	1.66B	1.56B	2.01B	1.46B	1.26B
EBITDA	5.18B	2.94B	1.65B	2.24B	1.42B	649.79M
Net Income	3.36B	2.16B	511.41M	968.90M	644.66M	-58.73M
Balance Sheet
Total Assets	25.94B	28.27B	20.88B	19.25B	17.88B	18.25B
Cash, Cash Equivalents and Short-Term Investments	4.15B	2.18B	713.57M	1.48B	262.86M	866.19M
Total Debt	1.17B	1.64B	2.94B	2.07B	2.20B	3.30B
Total Liabilities	8.00B	12.39B	7.25B	6.15B	5.94B	7.03B
Stockholders Equity	17.94B	15.88B	13.62B	13.09B	11.94B	11.22B
Cash Flow
Free Cash Flow	2.35B	363.00M	-583.30M	487.80M	31.05M	1.86B
Operating Cash Flow	2.45B	8.71B	-441.88M	640.90M	1.96B	1.91B
Investing Cash Flow	-2.00B	-7.49B	-204.67M	-378.00M	-663.72M	-256.55M
Financing Cash Flow	-544.70M	-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: Positive

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 500.08, above the 50-day MA of 503.47, and below the 200-day MA of 572.69, indicating a bearish trend. The MACD of 0.68 indicates Positive momentum. The RSI at 42.38 is Neutral, neither overbought nor oversold. The STOCH value of 10.92 is Positive, 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
DOLPHIN	69 Neutral	₹15.58B	36.12	―	―	212.48%	135.64%
JINDRILL	68 Neutral	₹13.77B	-12.45	―	0.18%	34.80%	252.88%
SEAMECLTD	68 Neutral	₹35.12B	7.02	―	―	-12.66%	-44.61%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ASIANENE	55 Neutral	₹13.04B	18.17	―	0.34%	41.19%	-26.66%
HINDOILEXP	54 Neutral	₹17.38B	62.34	―	―	-16.59%	-16.91%
ALPHAGEO	47 Neutral	₹1.16B	-6.12	―	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.