Jindal Drilling & Industries Ltd

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NSEBSE

646.90-20.95 (-3.14%)

03:55 PM,29th Feb 2024

648.00-22.00 (-3.28%)

04:01 PM,29th Feb 2024

BSE : 511034

NSE : JINDRILL

Sector : Oil & Gas

ISIN Code : INE742C01031

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Last Updated: Feb 29 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1874

Turnover (₹ Cr)

0.17

Volume (Shares)

26651

Face Value

5

52-WK High

915.00

52-WK High Date

06 Dec 2023

52-WK Low

229.80

52-WK Low Date

28 Mar 2023

All Time High

1085.05

All Time High Date

07 Jan 2008

All Time Low

11.31

All Time Low Date

14 Dec 1998

Jindal Drilling & Industries Ltd

Jindal Drilling & Industries Limited promoted by D P Jindal Group was incorporated on 17th October 1983. The Company is a manufacturer of seamless casing pipes and off-shore oil well drilling activities. The Company is engaged in providing services to entities involved in exploration of Oil & Gas. It undertakes drilling operations for ONGC on leased jack-up drilling rigs as also mud-logging operations. It re-threads casing pipe on a job-work basis for ONGC and OIL and trades in steel pipes; it also heat-treats cold processes threads and finishes seamless pipes.The company came out with a rights issue in Jan.'94 to part-finance finishing facilities for seamless pipes which are used by its sister concern Maharashtra Seamless -- and a small part by ONGC and OIL. Seamless pipes find applications in the oil sector the automobile fertiliser chemical and process industries and in the manufacture of bearings.The installed capacity of Threadingend finishing & upsetting of Seamless Pipes was 75000 MT till March 2002. The company is planning to change its Registered ofice from Delhi to Maharashtra and the same is subject to approval.During the year 2006 the Company had filed 2 separate Schemes of Arrangement before the Hon'ble High Court for the States of Punjab and Haryana at Chandigarh for the approval of a) the demerger of Casinvest Division into Haryana Capfin Limited. b) the merger of Newsco Newtech Pvt. Ltd. & Discovery Hydrocarbons Pvt. Ltd. with the Company. By orders of Hon'ble High Court dated 27th July 2006 the said Schemes were approved and accordingly Newsco Newtech Pvt. Ltd. & Discovery Hydrocarbons Pvt. Ltd. amalgamated with the Company and Casinvest Division demerged into Haryana Capfin Limited with effect from the Appointed Date i.e. 1st April 2005. Further Casing Pipe Division of the Company was also sold in 2006. Discovery Hydrocarbons Pvt. Ltd. (DHPL) formed a wholly owned subsidiary namely Discovery Drilling Pte Ltd. (DDPL) in Singapore in April2006. Consequent upon scheme of amalgamation as approved by Hon'ble High Court of Punjab & Haryana on 27th July 2006 DHPL got merged with Company w.e.f. 1st April 2005. On 2nd February 2007 DDPL allotted new shares to financial parties and accordingly this wholly owned subsidiary of the Company became joint venture of the Company wherein the Company holds 49.07% of its Equity Capital.Discovery Hydrocarbons Pvt. Ltd. (DHPL) entered into a Vessel construction agreement (VCA) with Keppel Fels Limited for construction of new premium jack-up Rig and consequent upon scheme of amalgamation as approved by Hon'ble High Court of Punjab & Haryana on 27th July 2006 DHPL got merged with Company. During the year 2007-08 Company acquired 49% stake in Virtue Drilling Pte Ltd. (VDPL) Singapore and with this acquisition VDPL became the Joint Venture Company of the Company. During year 2012 the Company commenced operations for 3 sets of directional drilling tools in ONGC Ankleshwar and 1 set of tools for ONGC Ahmedabad completed 2 wells contract with M/s. Naftogaz India Pvt Ltd. Ahmedabad.During the year 2015-16 the Company was operating one Jack up Rig sixteen Directional Drilling units along with split units on call andeleven Mud logging units. It commenced operation of another Rig Rowan Louisiana awarded by ONGC in May 2016.During the year 2018-19 Company operated 2 Jackup Rigs 6 Directional Drilling sets and 22 Mud Logging units. It purchased a Jack-up Rig Discovery-I at the cost of USD 75 Million from its Joint Venture Company Discovery Drilling Pte. Ltd.During the year 2021-22 Company operated 5 Jackup Rigs 6 Directional Drilling sets and 22 Mud Logging units.

Jindal Drilling & Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1874

EPS - TTM (₹) [S]

34.58

P/E Ratio (X) [S]

1.68

Face Value (₹) 5
Latest Dividend (%)10.00
Latest Dividend Date 14 Aug 2023
Dividend Yield (%) 0.08
Book Value Share (₹) [S]384.89
P/B Ratio (₹) [S]1.68
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Bandhan Core Equity Fund (G) 15.32 203668 0.41
Bandhan Core Equity Fund (IDCW) 15.32 203668 0.41
Bandhan Core Equity Fund - Direct (G) 15.32 203668 0.41
Bandhan Core Equity Fund - Direct (IDCW) 15.32 203668 0.41

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

645.00

673.80

Week Low/High

645.00

705.00

Month Low/High

645.00

814.00

Year Low/High

229.80

915.00

All time Low/High

11.88

1085.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-5.84%-5.91%-0.90-1.06%
1 Month-17.87%-17.78%0.781.13%
3 Month-18.65%-18.63%8.379.39%
6 Month21.37%21.57%11.4113.65%
1 Year125.91%124.27%22.9627.04%
3 Year550.15%548.85%47.6651.30%

Company Info

Company Information

Chairman & Non Executive Dir. : D P Jindal

ED / MD / Promoter : Raghav Jindal

Independent Non Exe. Director : Vijay Kaushik

Independent Non Exe. Director : Saroj Bhartia

Independent Non Exe. Director : R K Agarwal

Independent Non Exe. Director : Sunil Arora

Non-Exec & Non-Independent Dir : Shiv Kumar Singhal

Company Sec. & Compli. Officer : Binaya Kumar Dash

Registered Office: Pipe Nagar Village Sukeli, NH 17 BKG Road Taluka Roha,Raigad,Maharashtra-402126 Ph: 91-02194-238511

Email:secretarial@jindaldrilling.in

URL:http://www.jindal.com