{"id":16829,"date":"2025-08-11T09:08:52","date_gmt":"2025-08-11T03:38:52","guid":{"rendered":"http:\/\/43.205.138.160\/?post_type=media-review&#038;p=16829"},"modified":"2025-08-11T09:08:52","modified_gmt":"2025-08-11T03:38:52","slug":"16829","status":"publish","type":"media-review","link":"https:\/\/signalz.pro\/media-review\/16829\/","content":{"rendered":"<p><strong>Pipes, Projects &amp; Possibilities<\/strong><\/p>\n<p>JINDALSAW, a major SAW pipe manufacturer which aids the water infrastructure and energy space, could face a challenging FY26 on the back of global headwinds; however much of it appears factored into the current stock price and given the criticality of the domestic project momentum, we believe that barring the next few quarters, the outlook\/revenue visibility is expected to pick pace on the back of strong foundation built on past 3 years. JINDALSAW, has leveraged India\u2019s massive water infrastructure push under the Jal Jeevan Mission to ride the premium OCTG demand via its high-margin joint venture with Hunting PLC, the company has strategically positioned itself across critical growth areas. It\u2019s deepening presence in international markets-most notably, Saudi Arabia\u2019s ambitious NEOM project, underscores a conscious diversification of both revenue streams and geographic exposure. Simultaneously, the company\u2019s order book, targeted capacity expansions, and focus on operational efficiency indicate a structurally sound foundation for sustained growth.<\/p>\n<p><strong>We initiate Buy with price target at INR 387<\/strong><\/p>\n<p>JINDALSAW\u2019s has built a strong foundation and a good balance sheet over the past 3 years. By harnessing megatrends in domestic water infrastructure, expanding its international footprint, and entering import-substitution domains through technological tie-ups, the company is building a diversified, high-ROCE portfolio. <strong>We assign a valuation multiple of a 12x of its FY27E EPS, based on superior margin profile, to arrive at our target price for INR 387.<\/strong><\/p>\n<p>Download the detailed rationale report below:<\/p>\n<p><a href=\"http:\/\/43.205.138.160\/wp-content\/uploads\/2025\/08\/Jindal_Saw_Ltd_August_10_2025.pdf\">Jindal_Saw_Ltd_August_10_2025<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"comment_status":"closed","ping_status":"closed","template":"","media-category":[9],"media-subscription":[],"call-tags":[370,462,615,464],"class_list":["post-16829","media-review","type-media-review","status-publish","hentry","media-category-stock-exchange","call-tags-bse","call-tags-longterm","call-tags-midcap","call-tags-valueinvesting"],"acf":[],"_links":{"self":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/16829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review"}],"about":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/types\/media-review"}],"replies":[{"embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/comments?post=16829"}],"version-history":[{"count":1,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/16829\/revisions"}],"predecessor-version":[{"id":16832,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-review\/16829\/revisions\/16832"}],"wp:attachment":[{"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media?parent=16829"}],"wp:term":[{"taxonomy":"media-category","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-category?post=16829"},{"taxonomy":"media-subscription","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/media-subscription?post=16829"},{"taxonomy":"call-tags","embeddable":true,"href":"https:\/\/signalz.pro\/api\/wp\/v2\/call-tags?post=16829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}