Jindal Saw Limited has completed its Q4FY26 financial results conference call and made the audio recording available to stakeholders. The company filed a regulatory notice under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, confirming the completion of the investor session that was held on April 28, 2026.

Conference Call Completion

The conference call was successfully conducted on Tuesday, April 28, 2026 at 15:30 hrs IST as scheduled. ICICI Securities Limited organized the session for analysts and investors to discuss the company's audited standalone and consolidated financial results for the quarter ended March 31, 2026.

Audio Recording Availability

Following the completion of the conference call, Jindal Saw Limited has made the audio recording accessible to all stakeholders through its official website. The recording provides comprehensive insights into the company's fourth quarter performance for fiscal year 2026.

Management Participation

The conference call featured key members of Jindal Saw's senior management team who presented the quarterly results and addressed participant queries during the session.

Regulatory Compliance

The regulatory filing was submitted under Regulation 30(6) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary Sunil K. Jain digitally signed and submitted the notice to both BSE Limited and National Stock Exchange of India Limited on April 28, 2026 at 17:38:29 IST, confirming the audio recording's availability for information and records.

Jindal saw has received a positive outlook from Elara Capital, which has initiated coverage on the steel pipe manufacturer with a Buy rating and target price of ₹280. The brokerage firm highlights multiple growth drivers that position the company for a potential earnings recovery in the coming years.

Strong Order Book Position

The company currently maintains an all-time high order book, which stands at approximately 1.4x trailing volumes. This robust order book provides strong revenue visibility and indicates healthy demand for the company's products across various sectors.

Growth Drivers and Market Opportunities

Elara Capital expects earnings recovery in FY27-28, driven by several key factors:

• Water sector demand: Revival of the Jal Jeevan Mission is expected to boost demand for water infrastructure projects
• Oil and gas sector growth: Increasing demand from the oil and gas industry supports the company's core business
• Global pipeline capex: Rising global investments in pipeline infrastructure create export opportunities
• Export diversification: The company's strategy to diversify export markets reduces dependency on specific regions

Operational Benefits and Valuation Appeal

The brokerage highlights that capacity expansion initiatives will aid operating leverage, potentially improving profitability margins as volumes increase. Elara Capital views the current valuations as attractive, suggesting significant rerating potential for the stock.

Investment Outlook

The combination of strong order book position, multiple growth drivers across water and energy sectors, and attractive valuations forms the basis for Elara Capital's positive recommendation. The target price of ₹280 reflects the brokerage's confidence in the company's ability to capitalize on infrastructure spending and global pipeline investments in the medium term.