Jindal Saw Share Price Falls After API Restricts Monogram Use on Seamless Pipes

Jindal Saw share price (NSE: JINDALSAW) declined sharply in early trade, falling over 4% during the session. The stock touched an intraday low near ₹178.8 and later traded around ₹183, while the broader BSE Sensex showed only a marginal decline.

Over the past one year, the company’s stock has dropped more than 25%, underperforming the Sensex, which gained about 10% in the same period.

Reason for the Decline

The weakness in the stock followed an audit by the American Petroleum Institute, where certain non-conformities were identified. As a result, the company received a suspension notice restricting it from using the API monogram on its seamless pipes.
Jindal Saw said it is working with the regulator and taking corrective steps to resolve the issues.

Expected Financial Impact

The company indicated that the financial impact should remain limited. Its seamless pipe production capacity can be shifted to other product lines, helping reduce the effect of the restriction. The firm also plans to take all necessary actions to meet compliance requirements.

About Jindal Saw 

Jindal Saw Ltd produces several types of industrial pipes, including LSAW, HSAW, ductile iron (DI), seamless pipes, and pellets. The company is recognized as a global leader in both coated and bare pipe segments and has a strong history of supplying high-quality pipe products to major customers in India and around the world. It is also ranked as the world’s third-largest manufacturer of rust-free iron pipes.

Jindal Saw Quarterly Performance 

In Q3 FY26, Jindal Saw reported revenue of about ₹4,963 crore, down 6% year-on-year but up 17% quarter-on-quarter. Profit after tax increased nearly 79% sequentially to around ₹247.6 crore, showing recovery in operations.

Also Read: Best PSU Stocks in India in February 2026!

Conclusion

Jindal Saw’s recent decline reflects regulatory concerns rather than operational weakness. 

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