Jindal Worldwide Limited (JINDWORLD) AI Stock Analysis

• Market Cap: ₹21.21B
• Dividend Yield: 0.13%
• Average Volume (3M): 24.17K
• Price to Earnings (P/E): 51.1
• Beta (1Y): 0.99
• Revenue Growth: 12.93%
• EPS Growth: -17.47%
• Country: IN
• Employees: 1,562
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.14
• Shares Outstanding: 1,002,602,000
• 10 Day Avg. Volume: 24,503
• 30 Day Avg. Volume: 24,170
• PEG Ratio: 73.32
• Price to Book (P/B): 9.39
• Price to Sales (P/S): 3.24
• P/FCF Ratio: 81.90
• 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: 64 Neutral
• Price Target: ₹22.50 ▼(-22.55% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily supported by solid financial performance, led by strong revenue growth, healthy operating margins, and improved cash flow. This is tempered by mixed-to-weak technical positioning (negative MACD and trading below key longer-term moving averages) and a relatively high P/E with a very low dividend yield.

Positive Factors

Improved operating and free cash flow

The shift to positive operating cash flow and strong free cash flow growth is a durable improvement in liquidity and internal funding. Sustained cash conversion reduces reliance on external financing, supports working-capital needs and capex, and increases resilience through cyclical textile demand over months.

Healthy gross, EBIT and EBITDA margins

Consistently healthy gross and EBIT margins indicate effective cost management and production efficiency in fabric manufacturing. Strong EBITDA margins provide durable operating leverage versus peers, helping absorb raw-material price swings and protecting cash flow and reinvestment capacity across the medium term.

Balanced leverage with solid equity base

Moderate debt levels and a solid equity base point to conservative financial structure that preserves borrowing capacity. This balanced leverage supports funding for working capital and selective expansion while limiting interest burden risk, a stable foundation for multi-month strategic execution.

Negative Factors

Recent revenue contraction

A near-term revenue decline of ~46% is a structural concern if it persists; falling top line erodes scale advantages, reduces fixed-cost absorption and limits ability to maintain margins. Unless demand or order mix improves, revenue weakness will pressure cash generation and strategic investments over coming months.

Earnings per share deterioration

EPS contraction of nearly 20% signals weakening profitability attributable to lower margins, volumes or one-time items. Declining EPS constrains reinvestment and dividend flexibility, and if sustained reflects fundamental profit pressure that undermines returns to shareholders over the medium term.

Low net profit margin and moderate asset management

Despite healthy operating margins, a relatively low net margin and only moderate asset management suggest working-capital or expense inefficiencies. This limits free cash flow upside and makes the business more sensitive to input-cost shocks, hindering durable margin improvement over the next several months.

Jindal Worldwide Limited Business Overview & Revenue Model

Company Description

Jindal Worldwide Limited, together with its subsidiaries, manufactures and sells textile products in India. The company offers denim products, bottom weight fabrics, shirting fabrics, yarn dyed fabrics, and bed sheets. It also exports its products. Jindal Worldwide Limited was incorporated in 1986 and is based in Ahmedabad, India.

How the Company Makes Money

Jindal Worldwide Limited primarily makes money by manufacturing and selling textile products—especially denim fabric and other woven/fashion fabrics—to downstream customers such as garment manufacturers, brands, exporters, and textile traders. Revenue is largely generated from: (1) Sale of finished fabrics: the core stream, where the company earns income based on volumes shipped and realized fabric prices that reflect cotton/yarn costs, processing value-add, product mix (e.g., denim vs. other woven fabrics), and market demand. (2) Value-added textile processing: earnings from processing activities (such as dyeing/finishing and related services) embedded in the realized selling price of fabrics; these activities typically contribute through conversion margins over raw materials. (3) Export and domestic sales mix: the company can generate revenue from both Indian and international customers, with export performance affecting realizations due to foreign demand conditions and currency movements. Profitability is influenced by input costs (notably cotton/yarn, chemicals, power/fuel), capacity utilization, product mix, and working-capital intensity typical of textile manufacturing. Specific details on material partnerships, customer concentration, or segment-level revenue breakdown are null.

Jindal Worldwide Limited Financial Statement Overview

Summary

Strong revenue growth and healthy gross/EBIT/EBITDA margins support operating strength, and operating/free cash flow have improved meaningfully. Offsetting this, net profit margin is relatively low and balance sheet metrics point to only moderate asset management strength.

Income Statement

Jindal Worldwide Limited has shown a strong revenue growth trajectory, with a notable increase from the previous fiscal year. The gross profit margin and EBIT margin are healthy, indicating effective cost management and operational efficiency. However, the net profit margin is relatively low, suggesting potential areas for improvement in profitability. EBITDA margin also reflects strong earnings before interest, taxes, depreciation, and amortization, supporting overall financial health.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The company has a solid equity base, but the equity ratio is somewhat lower than optimal, suggesting a need for stronger asset management. Return on equity is satisfactory, demonstrating the company’s ability to generate earnings from shareholder investments.

Cash Flow

Cash flow analysis reveals a significant improvement in operating cash flow, which is now positive, enhancing liquidity. The free cash flow growth rate is impressive, marking a turnaround from previous deficits. Operating and free cash flow to net income ratios indicate effective cash management and ability to convert income to cash, though further strengthening is advisable.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	23.43B	22.88B	18.04B	20.41B	25.33B	16.89B
Gross Profit	4.90B	4.59B	2.16B	2.51B	3.66B	2.65B
EBITDA	1.74B	1.97B	1.85B	2.40B	2.22B	1.41B
Net Income	698.20M	758.69M	756.48M	1.16B	1.09B	442.08M
Balance Sheet
Total Assets	15.77B	17.96B	17.41B	16.77B	12.44B	10.13B
Cash, Cash Equivalents and Short-Term Investments	2.70B	3.07B	3.07B	3.10B	341.73M	343.61M
Total Debt	5.82B	7.96B	8.83B	8.37B	5.99B	4.44B
Total Liabilities	7.58B	10.06B	10.22B	10.27B	7.08B	5.93B
Stockholders Equity	8.19B	7.90B	7.19B	6.50B	5.36B	4.20B
Cash Flow
Free Cash Flow	813.97M	905.57M	-285.53M	963.74M	-987.91M	806.56M
Operating Cash Flow	857.08M	1.12B	48.52M	3.06B	-946.06M	978.76M
Investing Cash Flow	1.25B	20.05M	-52.45M	-2.12B	-110.14M	669.54M
Financing Cash Flow	-2.36B	-912.08M	-80.18M	1.84B	1.05B	-1.52B

Jindal Worldwide Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 29.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDWORLD, the sentiment is Negative. The current price of 29.05 is above the 20-day moving average (MA) of 24.36, above the 50-day MA of 26.05, and below the 200-day MA of 36.78, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 25.95 is Positive, neither overbought nor oversold. The STOCH value of 7.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JINDWORLD.

Jindal Worldwide Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICIL	67 Neutral	₹46.56B	57.24	―	0.74%	10.86%	-47.15%
PGIL	66 Neutral	₹67.50B	34.81	―	0.77%	24.93%	20.57%
JINDWORLD	64 Neutral	₹21.21B	51.05	―	0.13%	12.93%	-17.47%
SANGAMIND	63 Neutral	₹21.24B	25.56	―	0.45%	13.88%	-0.56%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORIENTELEC	60 Neutral	₹36.28B	36.16	―	0.82%	6.63%	42.16%
LUXIND	52 Neutral	₹25.94B	64.82	―	0.18%	16.32%	-20.97%