HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Jindal SAW is a part of the $10 billion OP Jindal group, one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters. It started operation in the year 1984, when it became the first company in India to manufacture submerged arc welded (SAW) pipes using the internationally acclaimed U-O-E technology.

Jindal SAW is in a commanding position in India's tubular market, being the undisputed leader with a turnover in excess of Rs 7,000 crore.

With integrated facilities at multiple locations and an ever expanding market opportunity, Jindal SAW diversified from a single product company to a multi-product company, manufacturing large-diameter submerged arc pipes and spiral pipes and bends for the energy transportation sector; carbon, alloy and stainless steel seamless pipes and tubes manufactured by conical piercing process used for industrial applications; and ductile iron (DI) pipes for water and sewage transportation. Besides these, the company also provides various value-added products like pipe coatings, bends and connector castings to its clients.

At the company, the business operations are highly structured with three strategic business units: large diameter pipes, seamless tubes, and DI (ductile iron) pipes. Every SBU has its own dedicated sales and marketing targets and operations.

In 2006, Jindal SAW realigned itself by disposing off non-core business in the US and focused its energies on the Indian growth story by launching several new initiatives.

The company has consistently created value by creating low-cost capacities in capital-intensive industries in businesses largely overlooked by other corporate. Jindal SAW has recently launched its Jindal ITF (infrastructure, transportation, fabrication) subsidiary.

Products of the company:

Jindal Saw Ltd.

Maharashtra Seamless Ltd.

Godawari Power And Ispat Ltd.

Welspun Corp Ltd.

Sarda Energy & Minerals Ltd.

Mishra Dhatu Nigam Ltd.

Tinplate Company Of India Ltd.

Usha Martin Ltd.

Technocraft Industries (India) Ltd.

Sunflag Iron And Steel Company Ltd.

Shyam Metalics And Energy Ltd.

ISMT Ltd.

Jayaswal Neco Industries Ltd.

JTL Infra Ltd.

Mukand Ltd.

Market Cap	4,710 Cr	ROE	25.0%
P/E Ratio(TTM)	10.0	EPS(TTM)	0.0
P/B Ratio	0.6	Dividend Yield	1.4%
Industry P/E	24.5	Book Value	243.5
		Face Value	2.0

Fundamentals