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Jindal Drilling & Industries (BOM:511034) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Jindal Drilling & Industries Quick Ratio Related Terms
Jindal Drilling & Industries Quick Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:511034 vs SLB, BKR, FTI: Quick Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Jindal Drilling & Industries's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jindal Drilling & Industries Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Jindal Drilling & Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Jindal Drilling & Industries's Quick Ratio falls into.
Jindal Drilling & Industries Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Jindal Drilling & Industries (BOM:511034) has a Quick Ratio of 0.00 as of Jun. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jindal Drilling & Industries and its competitors. Over the past decade, Jindal Drilling & Industries' Quick Ratio has ranged from 0.92 to 2.26. According to the industry distribution chart, Jindal Drilling & Industries ranks #412 out of 1025 companies in the Oil & Gas industry, placing it in the top 40.2%.
Is Jindal Drilling & Industries' Quick Ratio too high?
Jindal Drilling & Industries' current Quick Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.26. Based on the distribution chart, Jindal Drilling & Industries ranks #412 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Jindal Drilling & Industries has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jindal Drilling & Industries' Quick Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Jindal Drilling & Industries ranks #412 out of 1025 companies for Quick Ratio. This puts Jindal Drilling & Industries in the upper half of its industry. The industry median Quick Ratio is 1.13. Historically, Jindal Drilling & Industries' own Quick Ratio has ranged from 0.92 to 2.26 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.13, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Jindal Drilling & Industries and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jindal Drilling & Industries's current Quick Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Drilling & Industries stock overvalued right now?
Based on GuruFocus' analysis, Jindal Drilling & Industries (BOM:511034) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,004.95, compared to a current price of ₹595.90 — trading 40.7% below its estimated fair value. The current Quick Ratio is 0.00. Jindal Drilling & Industries' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Jindal Drilling & Industries (BOM:511034), the current Quick Ratio is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Jindal Drilling & Industries (BOM:511034) Overvalued in 2026?
Based on GuruFocus' analysis, Jindal Drilling & Industries stock appears to be undervalued.
The current stock price of ₹595.90 is trading 40.7% below its estimated GF Value™ of ₹1,004.95.
GuruFocus considers Jindal Drilling & Industries to be Significantly Undervalued.
Key valuation signals for BOM:511034:
Quick Ratio: 0.00
GF Value™: ₹1,004.95 vs. price of ₹595.90 (40.7% below fair value)
No single metric tells the full story. See the BOM:511034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Drilling & Industries Ltd is engaged in providing drilling and related services to entities involved in oil and gas exploration. It provides offshore drilling, directional drilling, measurement while drilling (MWD), and mud logging services. Geographically, the company operates only in India.
70GF Score
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