Jindal Worldwide Ltd (JWL), founded in 1986 and headquartered in Ahmedabad, Gujarat, stands out as a major force in the textile industry, particularly noted for its comprehensive range of high-quality fabrics. As one of Asia’s largest fully integrated manufacturers of denim, JWL operates with a remarkable production capacity of approximately 140 million meters annually. The company’s product portfolio extends beyond denim to include bottom weights, premium printed shirting, and yarn dyeing services, catering to both domestic and international markets. JWL is deeply invested in innovation, with a robust research and development program that focuses on analyzing market trends and technological advancements to ensure cutting-edge product offerings. Additionally, Jindal Worldwide Ltd is committed to sustainability and environmental responsibility, ensuring that its manufacturing processes are free from harmful dyes and chemicals and comply with rigorous factory regulations. Beyond its core textile operations, JWL has diversified into the electric vehicle sector through its subsidiary, Earth Energy, further demonstrating its adaptability and forward-thinking approach. With its state-of-the-art facilities and global reach, JWL continues to be a leading player in the textile industry while exploring new opportunities for growth in emerging sectors.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 61.32% | 61.31% | 61.31% | 60.31% | 60.31% |
| FIIs + | 0.03% | 0.63% | 0.46% | 0.03% | 0.04% |
| DIIs + | 0.02% | 0.02% | 0.01% | 0.02% | 0.02% |
| Public + | 38.64% | 38.03% | 38.21% | 39.64% | 39.62% |
| No. of Shareholders | 11,635 | 12,731 | 14,260 | 13,624 | 13,337 |
The shareholding patterns of Jindal Worldwide Ltd over the past year indicate a steady ownership structure with some notable trends. As of June 2023, promoters held 61.32% of the shares, a proportion that remained relatively stable but slightly decreased to 60.31% by June 2024. Foreign Institutional Investors (FIIs) saw a slight increase in their stake from 0.03% to 0.04%, though their overall influence remains minimal. Domestic Institutional Investors (DIIs) maintained a constant, minor stake of around 0.02% throughout the period. Public shareholding increased from 38.64% to 39.62%, reflecting a growing interest from individual investors. Additionally, the number of shareholders expanded significantly from 11,635 to 13,337, demonstrating a broader engagement from the investing public. Despite these changes, the overall shareholding distribution has remained relatively stable, with promoter ownership dominating and a gradual rise in public shares.
Below are the trading platforms that you can use to purchase Jindal Worldwide Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| September 2024 | 377.45 | 328.22 |
| October 2024 | 373.72 | 324.97 |
| November 2024 | 388.67 | 337.97 |
| December 2024 | 392.55 | 341.35 |
In September 2024, Jindal Worldwide Ltd is expected to reach a maximum price of ₹377.45 and a minimum price of ₹328.22. Moving into October 2024, the company’s stock may see a maximum of ₹373.72 and a minimum of ₹324.97. In November 2024, Jindal Worldwide Ltd’s stock is projected to reach a peak of ₹388.67, with a possible low of ₹337.97. Finally, as we step into December 2024, the stock price is anticipated to rise further, with a maximum of ₹392.55 and a minimum of ₹341.35.
| When | Maximum Price | Minimum Price |
| January 2025 | 396.48 | 304.98 |
| February 2025 | 400.48 | 308.06 |
| March 2025 | 408.89 | 314.53 |
| April 2025 | 404.84 | 311.42 |
| May 2025 | 393.05 | 302.35 |
| June 2025 | 410.74 | 315.95 |
| July 2025 | 402.69 | 309.76 |
| August 2025 | 415.14 | 319.34 |
| September 2025 | 420.12 | 323.17 |
| October 2025 | 431.05 | 331.57 |
| November 2025 | 441.82 | 339.86 |
| December 2025 | 461.70 | 355.16 |
As we step into January 2025, Jindal Worldwide Ltd is expected to reach a maximum of ₹396.48 and a minimum of ₹304.98. By June 2025, it may range between ₹410.74 and ₹315.95. As we approach September 2025, the stock could hit a high of ₹420.12 and a low of ₹323.17. Finally, in December 2025, Jindal Worldwide Ltd is projected to reach a maximum of ₹461.70 and a minimum of ₹355.16.
| When | Maximum Price | Minimum Price |
| January 2026 | 475.55 | 365.81 |
| February 2026 | 463.67 | 356.67 |
| March 2026 | 472.94 | 363.80 |
| April 2026 | 482.59 | 371.22 |
| May 2026 | 477.81 | 367.55 |
| June 2026 | 489.76 | 376.74 |
| July 2026 | 480.15 | 369.35 |
| August 2026 | 495.01 | 380.77 |
| September 2026 | 504.91 | 388.39 |
| October 2026 | 518.03 | 398.49 |
| November 2026 | 530.98 | 408.45 |
| December 2026 | 544.26 | 418.66 |
| When | Maximum Price | Minimum Price |
| January 2027 | 549.70 | 422.85 |
| February 2027 | 563.80 | 433.69 |
| March 2027 | 585.78 | 450.60 |
| April 2027 | 574.30 | 441.77 |
| May 2027 | 557.57 | 428.90 |
| June 2027 | 582.66 | 448.20 |
| July 2027 | 571.24 | 439.41 |
| August 2027 | 588.90 | 453.00 |
| September 2027 | 609.52 | 468.86 |
| October 2027 | 625.36 | 481.05 |
| November 2027 | 641.00 | 493.07 |
| December 2027 | 657.02 | 505.40 |
| When | Maximum Price | Minimum Price |
| January 2028 | 670.16 | 515.51 |
| February 2028 | 687.35 | 528.73 |
| March 2028 | 714.15 | 549.35 |
| April 2028 | 700.15 | 538.58 |
| May 2028 | 679.76 | 522.89 |
| June 2028 | 710.35 | 546.42 |
| July 2028 | 696.42 | 535.71 |
| August 2028 | 717.96 | 552.27 |
| September 2028 | 743.08 | 571.60 |
| October 2028 | 762.40 | 586.46 |
| November 2028 | 781.46 | 601.13 |
| December 2028 | 801.00 | 616.15 |
| When | Maximum Price | Minimum Price |
| January 2029 | 817.02 | 628.48 |
| February 2029 | 837.97 | 644.59 |
| March 2029 | 870.65 | 669.73 |
| April 2029 | 853.58 | 656.60 |
| May 2029 | 828.72 | 637.48 |
| June 2029 | 866.01 | 666.16 |
| July 2029 | 849.03 | 653.10 |
| August 2029 | 875.29 | 673.30 |
| September 2029 | 905.92 | 696.86 |
| October 2029 | 929.48 | 714.98 |
| November 2029 | 952.71 | 732.86 |
| December 2029 | 976.53 | 751.18 |
| When | Maximum Price | Minimum Price |
| January 2030 | 996.06 | 766.20 |
| February 2030 | 1,021.60 | 785.85 |
| March 2030 | 1,061.45 | 816.50 |
| April 2030 | 1,040.63 | 800.49 |
| May 2030 | 1,010.32 | 777.17 |
| June 2030 | 1,055.79 | 812.14 |
| July 2030 | 1,035.09 | 796.22 |
| August 2030 | 1,067.10 | 820.85 |
| September 2030 | 1,104.45 | 849.58 |
| October 2030 | 1,133.16 | 871.66 |
| November 2030 | 1,161.49 | 893.46 |
| December 2030 | 1,190.53 | 915.79 |
As we step into January 2030, Jindal Worldwide Ltd is projected to reach a maximum of ₹996.06 and a minimum of ₹766.20. By June 2030, it is expected to fluctuate between ₹1,055.79 and ₹812.14. As we approach September 2030, the stock could reach a high of ₹1,104.45 and a low of ₹849.58. Finally, in December 2030, Jindal Worldwide Ltd is anticipated to hit a maximum of ₹1,190.53 and a minimum of ₹915.79.
Financial Condition of Jindal Worldwide: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,199 | 1,700 | 2,559 | 2,070 | 1,814 | 1,896 |
| Expenses + | 2,060 | 1,583 | 2,343 | 1,832 | 1,631 | 1,708 |
| Operating Profit | 139 | 116 | 216 | 238 | 183 | 188 |
| OPM % | 6% | 7% | 8% | 12% | 10% | 10% |
| Other Income + | 7 | 25 | 5 | 1 | 2 | 3 |
| Interest | 61 | 49 | 45 | 52 | 49 | 49 |
| Depreciation | 45 | 29 | 30 | 34 | 34 | 34 |
| Profit before tax | 39 | 62 | 146 | 154 | 102 | 108 |
| Tax % | 28% | 29% | 25% | 25% | 26% | |
| Net Profit + | 28 | 44 | 109 | 116 | 76 | 80 |
| EPS in Rs | 1.42 | 2.2 | 5.45 | 5.77 | 3.77 | 3.99 |
| Dividend Payout % | 4% | 7% | 2% | 3% | 5% |
Sales and Expenses: The company’s sales showed some fluctuation, starting at ₹2,199 crore in March 2020 and peaking at ₹2,559 crore in March 2022 before falling to ₹1,814 crore in March 2024 and ₹1,896 crore in the TTM. This fluctuation in sales indicates variability in revenue streams and possibly reflects broader market conditions or operational adjustments. Expenses also fluctuated, from ₹2,060 crore in March 2020 to ₹1,631 crore in March 2024, with a slight increase to ₹1,708 crore in the TTM. The effective management of expenses has contributed to maintaining profitability despite changes in sales.
Operating Profit and Margin: Operating profit saw an increase from ₹139 crore in March 2020 to ₹238 crore in March 2023, before reducing to ₹183 crore in March 2024 and ₹188 crore in the TTM. The operating profit margin improved from 6% in March 2020 to a high of 12% in March 2023, but then decreased to 10% in both March 2024 and the TTM. This margin fluctuation indicates the company’s ability to enhance profitability through operational efficiencies and cost management, though maintaining a higher margin consistently remains a challenge.
Other Income and Interest: Other income remained relatively low and variable, ranging from ₹7 crore in March 2020 to ₹2 crore in March 2024, and ₹3 crore in the TTM. Interest expenses decreased from ₹61 crore in March 2020 to ₹49 crore in March 2024 and remained steady in the TTM, reflecting effective debt management.
Profit Before Tax and Net Profit: Profit before tax grew from ₹39 crore in March 2020 to ₹154 crore in March 2023, though it fell to ₹102 crore in March 2024 and ₹108 crore in the TTM. Net profit followed a similar pattern, increasing from ₹28 crore in March 2020 to ₹116 crore in March 2023, but decreasing to ₹76 crore in March 2024 and ₹80 crore in the TTM. The changes in net profit underscore the impact of fluctuating revenues and expenses on overall profitability.
Earnings Per Share (EPS): EPS saw significant growth from ₹1.42 in March 2020 to ₹5.77 in March 2023, before falling to ₹3.77 in March 2024 and ₹3.99 in the TTM. This volatility in EPS reflects the impact of fluctuating profits on shareholder returns.
Dividend Payout: The dividend payout percentage was relatively low but increased from 4% in March 2020 to 5% in March 2024, with a notable fluctuation in between. The relatively modest payout ratios reflect a cautious approach to dividend distribution, likely influenced by varying profit levels and the need for reinvestment in the business.
FAQs
What is Jindal Worldwide current market capitalization?
Jindal Worldwide currently boasts a market capitalization of ₹7,246 crore.
Looking ahead, Jindal Worldwide share price is expected to climb, with projections ranging from ₹355.16 to ₹461.70 by December 2025, offering promising prospects for investors.
Envisioning the future, Jindal Worldwide share price could soar to impressive heights, ranging from ₹915.79 to ₹1,190.53 by December 2030, showcasing the company’s long-term growth potential.
What is Jindal Worldwide current Price/Earnings (P/E) ratio?
Jindal Worldwide maintains a healthy Price/Earnings (P/E) ratio of 90.6, reflecting the market’s confidence in the company’s earnings potential.
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Conclusion:
In conclusion, Jindal Worldwide Ltd has demonstrated strong growth and resilience in the textile industry, particularly with its focus on denim and innovation. Despite fluctuations in sales and expenses, the company’s commitment to sustainability and market adaptation has allowed it to maintain profitability. The shareholding patterns reflect a stable promoter presence and a gradual increase in public investment, indicating confidence in the company’s long-term potential. Furthermore, the diversification into the electric vehicle sector highlights JWL’s forward-thinking strategy for continued growth.
Financially, Jindal Worldwide performance over the past five years shows volatility in sales and operating margins, but the company has managed to improve its operational efficiency. While challenges remain, such as maintaining consistent profitability and managing interest expenses, Ujaas has shown its ability to adapt and recover. Looking ahead, Jindal Worldwide Ltd’s share price is projected to experience steady growth, with significant potential for long-term investors, especially as the company explores new sectors.
What did we learn?
- 1 Shareholding Patterns of Jindal Worldwide Ltd
- 2 How to Purchase Jindal Worldwide Ltd Shares in India?
- 3 Jindal Worldwide Ltd Share Price Prediction: 2024 – 2030
- 3.1 Jindal Worldwide Ltd Share Price Target 2024
- 3.2 Jindal Worldwide Ltd Share Price Target 2025
- 3.3 Jindal Worldwide Ltd Share Price Target 2026
- 3.4 Jindal Worldwide Ltd Share Price Target 2027
- 3.5 Jindal Worldwide Ltd Share Price Prediction 2028
- 3.6 Jindal Worldwide Ltd Share Price Target 2029
- 3.7 Jindal Worldwide Ltd Share Price Target 2030
- 4 Financial Condition of Jindal Worldwide: Last 5 Years
- 5 FAQs
- 6 Conclusion:
