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BSE: 532976 | NSE: JAIBALAJI | Steel/Sponge Iron/Pig Iron | Small Cap
1. Is Jai Balaji Industries Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jai Balaji Industries Ltd is a below average quality company.
2. Is Jai Balaji Industries Ltd undervalued or overvalued?
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.
3. Is Jai Balaji Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jai Balaji Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | -3.3% | -2.9% | -4.7% | -14% | -8.4% | -9.6% | -3.7% | -2.2% | -0.8% | 7.4% | - | ||
| Value Creation Index ⓘ | -1.2 | -1.2 | NA | NA | NA | NA | NA | NA | NA | -0.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 2,060 | 1,968 | 1,478 | 1,213 | 1,564 | 2,389 | 3,077 | 2,912 | 2,785 | 4,644 | 5,736 | ||
| YoY Gr. Rt. % | - | -4.5% | -24.9% | -17.9% | 29% | 52.8% | 28.8% | -5.4% | -4.4% | 66.7% | - | ||
| Adj EPS ⓘ | -45.1 | -47.1 | -53.3 | -85.5 | -27.5 | -24.4 | -16 | -10.4 | -6.8 | 4.5 | 5.3 | ||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 101.4 | 27.3 | -24.5 | -108.4 | -137.3 | -148 | -163.9 | -150.1 | -156.9 | -150.6 | -96.9 | ||
| Adj Net Profit ⓘ | -288 | -317 | -394 | -665 | -237 | -235 | -154 | -114 | -75.1 | 49.4 | 78 | ||
| Cash Flow from Ops. ⓘ | -68.6 | -32.1 | -61.7 | -172 | -104 | 65.6 | 40.3 | 291 | 143 | 463 | - | ||
| Debt/CF from Ops. ⓘ | -45.9 | -80.8 | -48.4 | -19.9 | -33.6 | 53.5 | 90.3 | 11.9 | 23.9 | 6.9 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 9.5% | 24.3% | 14.7% | 66.7% | ||||||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||||||
| BVPS ⓘ | -204.5 | 0 | 0 | 0 | ||||||||
| Share Price | 4.6% | 26% | 39.2% | 1% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -35.7 | -87.3 | -2241.9 | 130.5 | 23.5 | 18.1 | 10.3 | 7.1 | 4.4 | -2.9 | -4.3 | |
| Op. Profit Mgn % ⓘ | -4.9 | 1.8 | -1.5 | -12.4 | -6.4 | -3.9 | 0.8 | 1.1 | 3.5 | 4.5 | 4 | |
| Net Profit Mgn % ⓘ | -14 | -16.1 | -26.6 | -54.8 | -15.2 | -9.9 | -5 | -3.9 | -2.7 | 1.1 | 1.4 | |
| Debt to Equity ⓘ | 4.9 | 14.1 | -16.5 | -4.1 | -3 | -2.5 | -2.3 | -2.1 | -2 | -1.9 | - | |
| Working Cap Days ⓘ | 374 | 304 | 405 | 477 | 338 | 213 | 173 | 177 | 179 | 112 | 0 | |
| Cash Conv. Cycle ⓘ | 100 | 88 | 126 | 168 | 104 | 48 | 28 | 26 | 24 | 5 | 0 | |
Sales growth is growing at healthy rate in last 3 years 14.70%
Sales growth is good in last 4 quarters at 34.34%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.3 | 5.3 |
| TTM Sales (₹ Cr.) | 5,736 | 5,736 |
| BVPS (₹.) ⓘ | -96.9 | -96.9 |
| Reserves (₹ Cr.) ⓘ | -1,555 | -1,555 |
| P/BV ⓘ | -0.46 | -0.46 |
| PE ⓘ | 8.31 | 8.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 35.30 / 64.20 |
| All Time Low / High (₹) | 4.91 / 668.00 |
| Market Cap (₹ Cr.) | 644 |
| Equity (₹ Cr.) | 145.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 19.4 |
| Pledged * | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 92.86 | 75.99 | 64.30 |
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.
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