Jindal Worldwide Limited (JINDWORLD) AI Stock Analysis

• Market Cap: ₹22.83B
• 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: ₹24.00 ▼(-17.38% 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 cash flow

Operating cash flow has turned positive with impressive free cash flow growth, which materially strengthens liquidity and reduces reliance on external funding. This improvement supports capex, working-capital needs, and debt servicing, making cash conversion a durable strength over months.

Healthy operating margins

Sustained gross, EBIT and EBITDA margins indicate structural operational efficiency and pricing power in fabric processing. Robust operating margins protect earnings against input-cost swings (yarn, power, chemicals) and underpin long-term cash generation and reinvestment capacity.

Moderate leverage and solid equity base

A moderate debt-to-equity posture and a solid equity base provide financial flexibility, limiting balance-sheet stress during cycles. Manageable leverage supports refinancing ability and investment capacity, helping the company sustain operations and fund strategic needs over the medium term.

Negative Factors

Low net profit margin

Despite healthy operating margins, a relatively low net profit margin suggests non-operational pressures (interest, taxes, or other expenses) or limited bottom-line capture. This constrains retained earnings, reduces buffer for downturns, and limits long-term capacity for dividends or large reinvestments.

Weaker asset management

An equity ratio below optimal implies either higher asset intensity or slower turnover, signaling weaker working-capital or fixed-asset efficiency. Persistent asset-management gaps can depress returns, require capital infusions, and raise financing needs across business cycles.

Working-capital intensity

Textile manufacturing’s high inventory and receivables needs tie up cash and amplify sensitivity to demand swings and cotton/yarn price volatility. Structural working-capital intensity raises financing needs and can constrain growth or margins if collection or inventory turns weaken.

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	23.41B	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 25.32, above the 50-day MA of 26.48, and below the 200-day MA of 37.37, indicating a bearish trend. The MACD of -1.21 indicates Positive momentum. The RSI at 32.37 is Neutral, neither overbought nor oversold. The STOCH value of 15.19 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	₹51.31B	57.24	―	0.74%	10.86%	-47.15%
PGIL	66 Neutral	₹69.78B	34.81	―	0.77%	24.93%	20.57%
JINDWORLD	64 Neutral	₹22.83B	51.05	―	0.13%	12.93%	-17.47%
SANGAMIND	63 Neutral	₹21.86B	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	₹37.32B	36.16	―	0.82%	6.63%	42.16%
LUXIND	52 Neutral	₹26.43B	64.82	―	0.18%	16.32%	-20.97%