Jindal Worldwide Limited (JINDWORLD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-30.5%

₹26.35

vs ₹37.92 price

Levered DCF

₹79.48

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	25.86×	97.34×	88.84×	55.78×	51.49×	21.84×	4.37×	9.43×
P/B	2.1×	9.39×	9.3×	9.9×	10.5×	2.29×	1.65×	4.05×
P/S	0.79×	3.24×	3.7×	3.15×	2.22×	0.57×	0.28×	0.65×
EV / EBITDA	15.35×	41.45×	39.18×	30.27×	28.04×	9.88×	7.09×	10.02×
Gross margin	17.4%	20.1%	12.0%	12.3%	14.5%	15.7%	11.0%	13.9%
Operating margin	5.1%	7.0%	23.7%	8.9%	7.5%	7.4%	4.5%	5.2%
Net margin	3.1%	3.3%	4.2%	5.7%	4.3%	2.6%	1.3%	1.4%
Current ratio	1.91×	1.68×	1.66×	1.72×	1.73×	1.66×	1.4×	1.22×
Debt / equity	0.65×	1.01×	1.23×	1.29×	1.12×	1.06×	1.11×	1.85×
Interest coverage	2.65×	2.7×	8.65×	3.51×	4.23×	2.52×	1.63×	1.55×
Dividend yield	0.0%	0.1%	0.1%	0.0%	0.1%	0.0%	0.4%	0.1%
Payout ratio	0.0%	5.3%	5.3%	1.7%	2.8%	0.0%	7.8%	4.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.1%	9.6%	10.5%	17.8%	20.4%	10.5%	7.6%	8.6%
Return on invested capital	6.3%	7.4%	19.5%	9.1%	12.4%	10.0%	8.9%	7.8%
Return on assets	4.2%	4.2%	4.3%	6.9%	8.8%	4.4%	2.6%	2.1%
Free cash flow yield	8.5%	1.2%	-0.4%	1.5%	-1.8%	8.4%	2.7%	14.0%
Earnings yield	3.9%	1.0%	1.1%	1.8%	1.9%	4.6%	4.6%	2.1%
Enterprise value	₹23.3B	₹81.9B	₹72.6B	₹72.6B	₹62.2B	₹13.9B	₹10.3B	₹20.5B
Net debt / EBITDA	3.44×	3.89×	3.12×	3.44×	2.66×	3.05×	2.82×	3.1×
Cash conversion cycle (days)	119	130	172	145	104	126	92	47