Jindal SAW is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes with Major Clientele: ONGC, Oil India, GE, Thermax, Godrej, SKF, Petrofac, L&T etc.
Company has delivered good profit growth of 26.7% CAGR over last 5 years. Also they have reduced the debt significantly with FII & DII holdings increasing YoY.
Considering CAGR rate of 33 makes the Price Target of 46000+ easily possible in Next 15 Years.