Promoter holding
64.27%
JS
Jindal Saw Limited - Due diligence report
A 360° intelligence report on Jindal Saw: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Jindal Saw — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Jindal Saw is assessed as Moderate with a Trust Score of 74/100. Jindal Saw is an active public limited indian non-government company incorporated in 1984, operating in the Manufacturing sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 11 Aug 2026 from the latest processed filings. Jindal Saw Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 90/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 24 open (14,059.16 cr) · 193 satisfied (47,036.94 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 53 | 48.0 cr |
| State Bank Of Patiala (Lead Bank) | 3 | 48.0 cr |
| Icici Bank Limited | 8 | 48.0 cr |
| State Bank Of Patiala | 13 | 48.0 cr |
| State Bank Of India | 7 | 48.0 cr |
| Punjab National Bank | 9 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2026).
- Flagged by authority: DSE.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 22 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PRITHAVI RAJ JINDAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SMINU JINDAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TRIPTI ARYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJEEV SHANKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRADHA JATIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINITA JHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shri Narendra Mantri | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEERAJ KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHUTOSH KARNATAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nitin Sharma | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HAWA SINGH CHAUDHARY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIRISH SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Satyakam Mishra | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chandra Shekhar Agrawal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 16 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
7
Capital events
9 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Jindal Saw Gulf L.l.c. | Subsidiary Company | 74.00% |
| Jindal Saw Holdings Fze | Subsidiary Company | 74.00% |
| Jindal Saw Middle East Fzc | Subsidiary Company | 74.00% |
| Jindal Saw Usa, Llc | Subsidiary Company | 74.00% |
| Jitf Shipyards Limited | Subsidiary Company | 74.00% |
| Ralael Holdings Limited | Subsidiary Company | 74.00% |
| S.v. Trading Limited | Subsidiary Company | 74.00% |
| Tube Technologies Inc | Subsidiary Company | 74.00% |
| World Transload & Logistics Llc | Subsidiary Company | 74.00% |
| 5101 Boone Llp | Subsidiary Company | 74.00% |
Key managerial personnel: SMINU JINDAL (Managing Director) · TRIPTI ARYA (Whole-time director) · SHRADHA JATIA (Whole-time director) · Shri Narendra Mantri (CFO) · Nitin Sharma (Whole-time director) · HAWA SINGH CHAUDHARY (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
24 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 1.02 cr.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 24 open charge(s) of 14,059.16 cr already registered.
- Compliance gaps should be priced into terms.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 May 2026
Last AGM held
Annual general meeting
15 May 2026
Charge satisfied
Kotak Mahindra
Charge satisfied
The Vysya Bank Ltd
27 Apr 2026
Director appointed
ASHUTOSH KARNATAK (Director)
31 Mar 2026
Latest balance sheet
Filed with ROC
13 Mar 2026
Charge satisfied
State Bank Of India
02 Mar 2026
Charge satisfied
Industrial Development Bank Of India
Charge satisfied
Indl. Deve. Bank Of India
16 Feb 2026
Charge satisfied
Citi Bank
31 Jan 2026
Charge satisfied
The Indl. Credit And Ivestment Corp. Of India Ltd
Charge satisfied
The Indl. Credit And Inve. Corp. Of India Ltd
22 Jan 2026
Charge satisfied
Axis Bank Limited
15 Dec 2025
Charge satisfied
Srei Equipment Finance Limited
18 Sep 2025
Charge satisfied
Others
16 Aug 2025
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
16 active director(s) / partner(s); board looks stable and experienced.
22 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
57 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Mangal Industries Limited | U15122AP1990PLC011932 | A.P., Andhra Pradesh, India |
| Apollo Metalex Limited | U27104DL2006PLC146579 | New Delhi, Delhi, India |
| Apl Apollo Tubes | L74899DL1986PLC023443 | Delhi, Delhi, India |
| National Aluminium | L27203OR1981GOI000920 | Bhubaneswar, Orissa, India |
| Vizag Steel | U27109AP1982GOI003404 | Andhra Pradesh, Andhra Pradesh, India |
| Godrej & Boyce Manufacturing | U28993MH1932PLC001828 | Mumbai, Maharashtra, India |
| Jswcoatedsteel | U27100MH1985PLC037346 | Mumbai, Maharashtra, India |
| Hindustan Zinc | L27204RJ1966PLC001208 | Udaipur, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Jindal Saw before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Jindal Saw: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 90/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Jindal Saw - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Jindal Saw pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Jindal Saw - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Jindal Saw an active company?
Jindal Saw has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Jindal Saw financially healthy?
Jindal Saw has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Jindal Saw?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Jindal Saw?
Promoters hold a minority stake - exact percentages are in the full report. 16 active director(s) are on record.
Does Jindal Saw have loans or charges against its assets?
24 open charge(s) are registered against its assets, and 193 earlier charge(s) stand satisfied.
Is Jindal Saw up to date with its ROC filings?
Annual filings current (balance sheet Mar 2026). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Jindal Saw?
Its Credit Risk Score is 90/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
