Jindal Drilling Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Jindal Drilling & Industries Ltd. (JDIL) is a leading offshore drilling services contractor in India’s oil and gas sector. With over 35 years of operational experience, the company specializes in providing offshore jack-up rigs and specialized services including mud logging and directional drilling. It primarily serves the domestic energy industry, maintaining a dominant presence in the Mumbai Offshore region through its long-term partnership with the Oil and Natural Gas Corporation (ONGC).

Key Points

• Key Facts:
  • Founded: Incorporated as a company in 1983 (41st Annual Report presented in 2025).
  • Headquarters: New Delhi (Head Office) and Gurgaon (Corporate Office).
  • Parent Company: Part of the D.P. Jindal Group.
  • Stock Listing: Listed on BSE (511034) and NSE (JINDRILL).
  • Core Products: Offshore jack-up rigs, directional drilling, and mud logging services.
• Operations and Resources:
  • Rig Fleet: The company operates a fleet of six offshore jack-up rigs. As of late 2025, three rigs are owned (Discovery-I, Jindal Supreme, and Jindal Pioneer) and three are rented (Virtue-I, Jindal Star, and Jindal Explorer).
  • Rig Status: Five rigs were operating with ONGC in India during FY2026, while Jindal Pioneer was undergoing refurbishment in the UAE.
  • Specialized Units: Maintains onshore and offshore mud logging units and directional drilling equipment.
• Ownership and Market Significance:
  • Ownership: As of March 31, 2025, Promoters and the Promoter Group held 64.25% of the equity. Public shareholding includes notable investors such as Ashish Chugh.
  • Strategic Importance: JDIL plays a critical role in India’s energy security by supporting offshore oil and gas exploration. Its equipment is specifically suited for Indian offshore conditions, particularly the Mumbai High field.
• Business Model and Financial Performance:
  • The company operates on a contract-based business model, securing long-term charters for its rigs with day rates ranging from approximately $35,606 to $88,859.
  • Revenue Breakdown (FY 2024-25):
    • Total Revenue: Rs. 884.33 crore (up from Rs. 645.99 crore in FY 2023-24).
    • Revenue from Operations: Rs. 827.95 crore.
    • Other Income: Rs. 56.38 crore.
  • EBITDA Mix (FY 2025): The "Rig" segment contributed Rs. 216 crore to EBITDA, while Directional Drilling and Mud Logging contributed Rs. 20 crore and Rs. 1 crore, respectively.
  • Profitability: Net Profit for FY 2024-25 was Rs. 140.84 crore, reflecting a net profit margin of 22.76%.
• Strategic Initiatives and Outlook:
  • Debt Reduction: The company has transitioned to a net cash position, with liquidity available increasing from Rs. 276 crore in March 2025 to Rs. 412 crore by December 2025. Gross debt was reduced to Rs. 87 crore in the same period.
  • Order Book: As of December 31, 2025, the approximate order book stood at $130 million (Rs. 1,183 crore), with contracts extending up to FY 2029 for certain rigs like Jindal Explorer.
  • Future Growth: Management has identified new discovery potentials in the Andaman region as significant future opportunities. The refurbishment of Jindal Pioneer is intended to prepare the asset for upcoming contract cycles.
• Customer and Employee Base:
  • Primary Client: ONGC remains the dominant client for offshore rig operations.
  • Workforce: The company emphasizes a highly motivated workforce with strong retention strategies and a rigorous focus on safety, benchmarked to International Association of Drilling Contractors (IADC) standards.

References

1. Annual Report May 2025
2. Investor Presentation Jan 2026
3. Investor Presentation Nov 2025
4. Annual Report May 2024