BSE 500 Stock Declares Rs 2 Dividend But 81.9% Q4 Profit Drop—Why Bulls Aren’t Backing Off?

Jindal Saw provides a broad selection of pipes and tubes worldwide, including welded pipes wider than 16", rust-free iron pipes, non-welded pipes for industrial applications, and welded and non-welded pipes of various stainless steel grades. In order to be a complete pipe solution supplier worldwide, the company also possesses a wide range of anti-corrosion and protective coating facilities in addition to the necessary ancillaries, such as fittings, bends, flanges, etc. Additionally, the company manufactures and markets pellets. The geographically diverse operations of JSAW are dispersed throughout Bellary & Kudithini (Karnataka), Kosi Kalan (Uttar Pradesh), Mundra (Gujarat), Nashik & Nagothane (Maharashtra), Indore (Madhya Pradesh), and Haresamudram (Andhra Pradesh).

Additionally, the company has a presence in Bhilwara, Rajasthan. JSAW is well-established in the international market, with the majority of its exports going to Latin American and MENA regions. With a market valuation of Rs 15,680.74, Jindal Saw's shares closed Friday's trading session on the BSE at Rs 245.20, down 1.17%. Following the company's release of disappointing Q4 results for FY25, there was selling pressure in the BSE 500 stock.

Jindal Saw Dividend

"Subject to the approval of members, the Board has recommended a dividend of Rs. 2 /- per equity shares having a face value of Re. 1/- each for the financial year ended 31st March, 2025," said Jindal Saw in a stock exchange filing.

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, the Register of Member and Share Transfer Books of the Company will remain closed from 6th June, 2025 to 12th June, 2025 (both days inclusive) for taking record of the Members of the Company for the purpose of 40th Annual General Meeting and payment of dividend, if declared by the members," informed Jindal Saw to stock exchanges.

Jindal Saw Q4 Results

On Friday, Jindal Saw revealed that its consolidated profit after tax (PAT) for the March quarter had decreased by 81.9% to Rs 86.9 crore. In the year-ago quarter, the company had posted a net profit of Rs 480.4 crore. According to a report to the BSE, the company's consolidated total income for the January-March quarter plunged 8% to Rs 5,067.5 crore from Rs 5,493.7 crore during Q4FY24. The company's EBITDA dropped to Rs Rs 757.1 crore in Q4FY25 down by 23% YoY from Rs Rs 988.8 Cr in Q4FY24.

The company reported an order book of about $1,328 million for iron and steel pellets and pipes during Q4 of FY25. Pellets cost around $5 million, while iron and steel pipes cost about $1,322 million.

Jindal Saw Share Price Target

"Jindal Saw is showing a strong bullish trend, trading above key moving averages. The stock recently broke above ₹235 resistance, confirming fresh upside momentum. It now faces the next hurdle near ₹255-₹260. Volume buildup and rising RSI support further gains. Support lies at ₹235, and buying on dips is advised with a stop loss below ₹230. The company benefits from strong demand in the infrastructure and pipe segment. A sustained move can push the price toward ₹270 in the short term," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

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