Jindal SupremeIPO Review — Financials, Valuation & Peers
A data-only look at the Jindal Supreme IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 650.88 | 12.87 | 21.11 | 50.31 | 181.16 | 104.92 | — |
| FY 2025 | 604.74 | 24.27 | 25.92 | 74.64 | 200.33 | 95.84 | — |
| FY 2026 | 675.94 | 22.53 | 41.63 | 96.82 | 248.41 | 119.87 | — |
| Jun 2026 (interim) | 191.09 | 8.28 | 13.76 | 105.02 | 232.65 | 92.46 | 5.59 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- RoNW
- 8.2%
- RoE
- 8.2%
- RoCE
- 6.14%
- Debt / Equity
- 0.88
- EPS (pre-issue)
- ₹5.59
- EPS (post-issue)
- ₹6.49
- EBITDA Margin
- 7.2%
- PAT Margin
- 4.33%
- NAV / share
- ₹26.07
As of 30 Jun 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Jindal Supreme | 5.59 | — | — | 26.28% | Restated |
| Hi-tech Pipes Ltd | 3.77 | — | 22.31x | 6.07% | — |
| Sambhv Steel Tubes Ltd | 1.81 | — | 65.55x | 18.35% | — |
| Vibhor Steel Tubes Ltd | 4.64 | — | 23.06x | 4.57% | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Abhishek Jindal, Sonam Jindal</p>
- Holding (pre-issue)
- 100%
- Holding (post-issue)
- 73.68%
- Dilution
- 26.32%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Jindal Supreme operates at an EBITDA margin of 7.2% and a net (PAT) margin of 4.33% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 6.14% and a return on equity (RoE) of 8.2%. These are offer-document figures for the latest reported period (as of 30 Jun 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹71 crore), alongside general corporate purposes.
Financials
In FY2026, Jindal Supreme reported revenue of ₹191.09 crore and a net profit of ₹8.28 crore. Revenue declined from ₹650.88 crore in FY2024 to ₹191.09 crore in FY2026 (-71.0%). Net worth stood at ₹105.02 crore at the end of FY2026. At the upper band, that puts the issue at roughly 16.6× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Peer comparison
The offer document names listed peers including Hi-tech Pipes Ltd and Sambhv Steel Tubes Ltd, with a median peer P/E of about 23.1×.
Promoters
The promoters of the company are <p>Abhishek Jindal, Sonam Jindal</p>. Promoter holding stands at 100% before the issue and comes down to 73.68% after listing.
Frequently asked questions
- Who are the promoters of Jindal Supreme and what is their holding?
- The promoters are <p>Abhishek Jindal, Sonam Jindal</p>. Promoter holding is 100% before the issue and 73.68% after listing.
- What are the objects of the Jindal Supreme IPO?
- The net proceeds go primarily toward repayment/pre-payment, in full or in part, of certain outstanding borrowings, among 2 disclosed objects.