Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Jai Balaji Industries Ltd (JAIBALAJI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532976 NSE: JAIBALAJI Steel/Sponge Iron/Pig Iron | Small Cap | Jai Balaji Inds Share Price
₹65.19 -2.27 (-3.36%)
As on 11-Sep'26 15:19
Jai Balaji Industries Ltd (JAIBALAJI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532976 NSE: JAIBALAJI Steel/Sponge Iron/Pig Iron | Small Cap | Jai Balaji Inds Share Price
₹65.19 -2.27 (-3.36%)
As on 11-Sep'26 15:19
Key Metrics
Valuation Multiples
Market Cap
₹6,154 Cr.
Current Price
₹65.2
52-Week Low / High
₹53 / 108
TTM EPS
₹3.2
TTM Sales
₹5,786 Cr.
Book Value per Share
₹24.4
P/E Ratio
21.01
Higher than its 5-year historical median
Industry PE
33.2
Price to Book (P/B)
2.77
In line with its 5-year historical median
Price to Sales (P/S)
1.06
In line with its 5-year historical median
EV/EBITDA
11.16
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
30.93%
Return on Capital Employed (ROCE)
36.09%
Return on Assets (ROA)
15.85%
Operating Profit Margin
13.6%
Net Profit Margin
8.78%
Gross Profit Margin
13.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.92%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
36.64%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-36.57%
Asset Quality
Promoter Holding
64.84%
Pledged shares (%) of Promoter's holding (%)
31.09%
Reserves
₹2,039 Cr.
Equity
₹182.5 Cr.
Face Value
₹2
All Time Low / High
₹0.98 / 261.40
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Jai Balaji Industries Ltd a good quality company?
Jai Balaji Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Jai Balaji Industries Ltd performance compare with that of its Peers?
Revenue growth of Jai Balaji Industries Ltd vs industry peers?
Jai Balaji Industries Ltd revenue CAGR is 15.74%, compared to the industry median CAGR of 7.33%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Jai Balaji Industries Ltd?
Promoters hold 64.84% of the Jai Balaji Industries Ltd, with 31.09% of their stake pledged, indicating high pledge risk.
Stock return of Jai Balaji Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 41.3% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jai Balaji Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -7.8% | -10.1% | -2% | -0.6% | 0.7% | 9.2% | 13.3% | 61.1% | 36.1% | 9.6% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | -0.4 | -0.1 | 4.4 | 1.7 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,564 | 2,389 | 3,077 | 2,912 | 2,785 | 4,693 | 6,125 | 6,414 | 6,351 | 5,784 | 6,110 |
| Sales YoY Gr. | - | 52.8% | 28.8% | -5.4% | -4.4% | 68.5% | 30.5% | 4.7% | -1% | -8.9% | - |
| Adj EPS ⓘ | -5.5 | -4.9 | -3.2 | -2.1 | -1.4 | 0.9 | 1.6 | 10.9 | 6.1 | 1.4 | 1.6 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 80.9% | 576.4% | -43.9% | -76.8% | - |
| BVPS (₹) ⓘ | -27.5 | -29.6 | -32.8 | -30 | -31.4 | -30.1 | 7 | 18.1 | 23.3 | 24.8 | 25.7 |
| Adj Net Profit ⓘ | -237 | -235 | -154 | -114 | -75.1 | 49.4 | 117 | 891 | 557 | 129 | 145 |
| Cash Flow from Ops. ⓘ | -104 | 65.6 | 40.3 | 291 | 143 | 463 | 321 | 839 | 311 | 358 | - |
| Debt/CF from Ops. ⓘ | -33.6 | 53.5 | 90.3 | 11.9 | 23.9 | 6.9 | 2.7 | 0.6 | 1.8 | 1.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15.6% | 15.7% | -1.9% | -8.9% | ||||
| Adj EPS ⓘ | NA | NA | -4.1% | -76.8% | ||||
| BVPSⓘ | NA | NA | 52.1% | 6.3% | ||||
| Share Price | 40.6% | 42.4% | -1.2% | -34.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 23.5 | 18.1 | 10.3 | 7.1 | 4.4 | -2.9 | -21.2 | 86.5 | 30.7 | 5.9 | 6.3 |
| Op. Profit Mgn % ⓘ | -6.4 | -3.9 | 0.8 | 1.1 | 3.5 | 4.5 | 5.6 | 10.2 | 13.6 | 5.3 | 6.1 |
| Net Profit Mgn % ⓘ | -15.2 | -9.9 | -5 | -3.9 | -2.7 | 1.1 | 1.9 | 13.9 | 8.8 | 2.2 | 2.4 |
| Debt to Equity ⓘ | -3 | -2.5 | -2.3 | -2.1 | -2 | -1.9 | 1.7 | 0.3 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 338 | 213 | 173 | 177 | 179 | 110 | 84 | 84 | 102 | 131 | 60 |
| Cash Conv. Cycle ⓘ | 104 | 48 | 28 | 26 | 24 | 5 | 2 | 5 | 30 | 58 | 12 |
Valuation of Jai Balaji Inds - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 30.94 | 27.17 | 26.02 | 26.02 | 26.02 | 26.02 | 26.02 | 31.09 | 31.09 | 31.09 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,220 | 1,702 | 2,389 | 3,077 | 2,912 | 2,785 | 4,693 | 6,125 | 6,414 | 6,351 |
| Operating Expenses ⓘ + | 1,379 | 1,815 | 2,483 | 3,058 | 2,882 | 2,690 | 4,484 | 5,869 | 5,783 | 5,489 |
| Operating Profit ⓘ | -159 | -113 | -94 | 20 | 31 | 95 | 208 | 256 | 630 | 861 |
| Operating Profit Margin (%) | -13.0% | -6.6% | -3.9% | 0.6% | 1.1% | 3.4% | 4.4% | 4.2% | 9.8% | 13.6% |
| Other Income ⓘ + | 16 | 21 | 18 | 40 | 60 | 11 | 30 | 35 | 491 | 73 |
| Interest ⓘ | 425 | 46 | 34 | 112 | 103 | 88 | 99 | 89 | 73 | 63 |
| Depreciation ⓘ | 122 | 118 | 107 | 102 | 97 | 94 | 91 | 98 | 86 | 94 |
| Profit Before Tax ⓘ | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 105 | 963 | 778 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 84 | 220 |
| Profit After Tax | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 58 | 880 | 558 |
| PAT Margin (%) | -56.5% | -15.0% | -10.7% | -5.0% | -3.9% | -2.7% | 1.0% | 0.9% | 13.7% | 8.8% |
| Adjusted EPS (₹) | -17.7 | -5.9 | -5.3 | -3.2 | -2.1 | -1.4 | 0.9 | 0.8 | 10.8 | 6.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -882 | -1,238 | -1,427 | -1,580 | -1,658 | -1,733 | -1,663 | 512 | 1,483 | 2,125 | |
| Debt + | 3,113 | 2,939 | 3,510 | 3,638 | 3,464 | 3,433 | 3,169 | 860 | 472 | 558 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 799 | 581 | 641 | 670 | 690 | 750 | 819 | 899 | 870 | 714 | |
| Others Liabilities ⓘ | 595 | 939 | 222 | 185 | 192 | 265 | 354 | 399 | 322 | 494 | |
| Total Liabilities ⓘ | 3,626 | 3,221 | 2,947 | 2,913 | 2,688 | 2,715 | 2,678 | 2,669 | 3,147 | 3,891 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,691 | 1,583 | 1,409 | 1,324 | 1,238 | 1,181 | 1,165 | 1,132 | 1,382 | 1,614 | |
| CWIP ⓘ | 130 | 94 | 119 | 79 | 98 | 102 | 52 | 69 | 116 | 129 | |
| Investments ⓘ | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Inventories | 528 | 460 | 488 | 496 | 579 | 699 | 758 | 821 | 950 | 1,248 | |
| Trade Receivables | 737 | 493 | 399 | 394 | 284 | 244 | 156 | 229 | 242 | 430 | |
| Cash Equivalents | 17 | 14 | 8 | 7 | 23 | 26 | 22 | 51 | 91 | 126 | |
| Others Assets ⓘ | 521 | 575 | 522 | 611 | 466 | 462 | 524 | 365 | 366 | 342 | |
| Total Assets ⓘ | 3,626 | 3,221 | 2,947 | 2,913 | 2,688 | 2,715 | 2,678 | 2,669 | 3,147 | 3,891 | |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -174 | -104 | 66 | 40 | 291 | 143 | 463 | 321 | 839 | 311 |
| Cash Flow From Investing Activity ⓘ + | 4 | 26 | -12 | 7 | -37 | -40 | -124 | -119 | -398 | -352 |
| Cash Flow From Financing Activity ⓘ + | 158 | 78 | -48 | -48 | -250 | -89 | -351 | -192 | -416 | 88 |
| Net Cash Flow ⓘ | -11 | 0 | 5 | -0 | 4 | 15 | -12 | 10 | 24 | 47 |
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 88.19 | 30.93 |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.27 | 61.07 | 36.09 |
| Asset Turnover Ratio | 0.36 | 0.54 | 0.79 | 1.05 | 1.04 | 1.03 | 1.75 | 2.31 | 2.22 | 1.81 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | 9.65 | 5.53 | 0.95 | 0.56 |
| Working Capital Days | ||||||||||
| Receivable Days | 205.70 | 121.60 | 67.10 | 47.10 | 42.50 | 34.60 | 15.50 | 11.40 | 13.30 | 19.20 |
| Inventory Days | 144.10 | 97.70 | 71.40 | 58.40 | 67.30 | 83.70 | 56.50 | 46.70 | 50.10 | 62.90 |
| Payable Days | 244.70 | 164 | 117 | 99.80 | 110.90 | 127.10 | 86.10 | 72.90 | 77.90 | 71.10 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Jai Balaji Industries Ltd FAQs
The current trading price of Jai Balaji Inds on 11-Sep-2026 15:19 is ₹65.19.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Jai Balaji Inds stood at ₹6,154.1 Cr
The latest P/E ratio of Jai Balaji Inds as of 10-Sep-2026 is 42.55.
The latest P/B ratio of Jai Balaji Inds as of 10-Sep-2026 is 2.63.
The 52-week high of Jai Balaji Inds is ₹108.2 and the 52-week low is ₹53.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jai Balaji Inds is ₹6,110 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Jai Balaji Industries Ltd is a average quality company.
The key valuation ratios of Jai Balaji Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Jai Balaji Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Jai Balaji Industries Ltd
Jai Balaji Industries (JBIL) incorporated in 1999, is engaged in the manufacturing of sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots and wire rods; and carbon, alloy, and mild steel heavy rounds. The company has manufacturing facilities located in states namely West Bengal (
Previously the company was Jai Balaji Sponge which changed to present one in June 2007. The company is promoted by Mr Aditya Jajodia.
Company’s research and development facility focuses in area of raw materials, product and process improvement, energy and waste utilisation. It also focuses on cost reduction, product development, product quality and energy conservation.
In 2010 Company received the BIS certification for 100-300 mm dia for Company's newly installed 240000 tons per annum Ductile Iron Pipe Plant.
In 2012 the Company received the Corporate Debt Restructuring letter of approval dated September 20, 2012 from CDR Empowered Group/ CDR Cell pursuant to the CDR package approved by the CDR empowered group.
Manufacturing capacities
Jai Balaji Industries manufacturing capacity of sponge iron is 3,45,000 mtpa; pig iron is 5,09,250 mtpa; steel bars/rods 2,60,000 mtpa; Billets/MS Ingots is 4,73,230 mtpa; and alloy steel / billets is 4,33,000 mtpa.
Company’s sinter plant has production capacity is 6,08,000 mtpa. It also operates captive power plant which has generation capacity of 70.8 MW.
You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
