Jindal Worldwide Limited (JINDWORLD) AI Stock Analysis

• Market Cap: ₹22.76B
• Dividend Yield: 0.13%
• Average Volume (3M): 24.17K
• Price to Earnings (P/E): 51.1
• Beta (1Y): 0.97
• 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: ₹24.50 ▼(-15.66% 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

Vertical integration across textile value chain

Owning production and related processing across the denim and woven fabric value chain gives durable control over quality, lead times and conversion margins. This integration supports stable customer relationships, allows margin capture across stages and improves resilience to supplier disruptions over months.

Improved operating and free cash flow

A material turnaround to positive operating cash flow and improving free cash flow enhances liquidity and financial flexibility. Over 2-6 months this supports working-capital cycles, funds maintenance capex, reduces reliance on external financing and strengthens the ability to withstand input cost volatility.

Healthy gross, EBIT and EBITDA margins

Sustained healthy gross and operating margins indicate effective cost controls and operational efficiency in manufacturing. This margin base provides a buffer against raw-material swings, supports reinvestment in capacity and product quality, and underpins longer-term cash generation potential.

Negative Factors

Relatively low net profit margin

A low net profit margin means limited conversion of operating earnings to bottom-line profits after interest, tax and other items. Over time this constrains retained earnings, limits ability to rebuild equity, and makes returns more sensitive to financing costs or one-off charges.

Suboptimal equity ratio / asset management

A below-optimal equity ratio and moderate asset-management metrics point to higher relative leverage and less efficient capital use. Structurally, this can raise refinancing risk, reduce headroom for growth investments, and amplify earnings volatility if demand or margins weaken.

Recent negative revenue growth metric

A marked negative revenue growth indicator suggests recent volume or pricing pressure. Persistent top-line decline undermines scale economics, limits margin expansion benefits, and reduces cash flow durability unless offset by sustained margin improvement or new demand drivers.

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 generates revenue primarily through the sale of its textile products to wholesalers, retailers, and manufacturers both in India and abroad. The company has multiple key revenue streams, including the production of denim and other specialized fabrics, home furnishing textiles, and readymade garments. Additionally, JINDWORLD benefits from strategic partnerships with various international retailers and brands, which help expand its market reach and drive sales. The company's focus on quality and sustainability further enhances its appeal in the competitive textile market, contributing to its overall earnings.

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	23.41B	22.88B	18.04B	20.41B	25.33B	16.89B
Gross Profit	5.33B	4.59B	2.16B	2.51B	3.66B	2.65B
EBITDA	1.92B	1.97B	1.85B	2.40B	2.22B	1.41B
Net Income	752.45M	758.69M	756.48M	1.16B	1.09B	442.08M
Balance Sheet
Total Assets	0.00	17.96B	17.41B	16.77B	12.44B	10.13B
Cash, Cash Equivalents and Short-Term Investments	3.06B	3.07B	3.07B	3.10B	341.73M	343.61M
Total Debt	0.00	7.96B	8.83B	8.37B	5.99B	4.44B
Total Liabilities	-7.90B	10.06B	10.22B	10.27B	7.08B	5.93B
Stockholders Equity	7.90B	7.90B	7.19B	6.50B	5.36B	4.20B
Cash Flow
Free Cash Flow	0.00	905.57M	-285.53M	963.74M	-987.91M	806.56M
Operating Cash Flow	0.00	1.12B	48.52M	3.06B	-946.06M	978.76M
Investing Cash Flow	0.00	20.05M	-52.45M	-2.12B	-110.14M	669.54M
Financing Cash Flow	0.00	-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: Neutral
• 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 25.92, above the 50-day MA of 26.76, and below the 200-day MA of 37.77, indicating a bearish trend. The MACD of -1.10 indicates Positive momentum. The RSI at 30.09 is Neutral, neither overbought nor oversold. The STOCH value of 9.75 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	₹51.73B	57.24	―	0.74%	10.86%	-47.15%
PGIL	66 Neutral	₹69.67B	34.81	―	0.77%	24.93%	20.57%
JINDWORLD	64 Neutral	₹22.76B	51.05	―	0.13%	12.93%	-17.47%
SANGAMIND	63 Neutral	₹21.73B	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	₹38.17B	36.16	―	0.82%	6.63%	42.16%
LUXIND	52 Neutral	₹26.73B	64.82	―	0.18%	16.32%	-20.97%