Jai Balaji Industries Ltd Stock Analysis

BSE: 532976 | NSE: JAIBALAJI | Steel/Sponge Iron/Pig Iron | Small Cap

BSE Share Price 21-Mar-2023 14:08
45.40 1.12 (2.53%)

DeciZen - Make an Informed Decision on Jai Balaji Inds

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Jai Balaji Inds Price Chart

P/E Ratio ( SA) :
Market Cap :
644.1 Cr.
52-wk low :
52-wk high :
Bole Toh?

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.

10 Year X-Ray of Jai Balaji Inds:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -3.3%-2.9%-4.7%-14%-8.4%-9.6%-3.7%-2.2%-0.8%7.4%-
Value Creation Index -1.2-1.2NANANANANANANA-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0601,9681,4781,2131,5642,3893,0772,9122,7854,6445,736
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-
BVPS (₹) 101.427.3-24.5-108.4-137.3-148-163.9-150.1-156.9-150.6-96.9
Adj Net Profit -288-317-394-665-237-235-154-114-75.149.478
Cash Flow from Ops. -68.6-32.1-61.7-172-10465.640.3291143463-
Debt/CF from Ops. -45.9-80.8-48.4-19.9-33.653.590.311.923.96.9-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.5%24.3%14.7%66.7%
BVPS -204.5000
Share Price 4.6% 26% 39.2% 1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -35.7-87.3-2241.9130.523.518.
Op. Profit Mgn % -4.91.8-1.5-12.4-6.4-
Net Profit Mgn % -14-16.1-26.6-54.8-15.2-9.9-5-3.9-
Debt to Equity 4.914.1-16.5-4.1-3-2.5-2.3-2.1-2-1.9-
Working Cap Days 3743044054773382131731771791120
Cash Conv. Cycle 100881261681044828262450

Recent Performance Summary

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%

Latest Financials - Jai Balaji Industries Ltd.

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

Management X-Ray of Jai Balaji Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *92.8692.8692.8692.8692.8692.8692.8692.8675.9964.30
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jai Balaji Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Jai Balaji Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jai Balaji Inds on 21-Mar-2023 14:08 is : 45.40.
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 21-Mar-2023 14:08 the market cap of Jai Balaji Inds stood at ₹ 644.0.
The latest PE ratio of Jai Balaji Inds as of 21-Mar-2023 14:08 is 8.31.
The latest PB ratio of Jai Balaji Inds as of 21-Mar-2023 14:08 is -0.46
The 52-week high of Jai Balaji Inds is ₹ 64.20 and the 52-week low is ₹ 35.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jai Balaji Inds is ₹ 5,736 ( Cr.) .

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 (Durgapur, Ranigunj and Liluah), Chhattisgarh (Durg), Jharkhand (Kandra) and Orissa (Rourkela).JBIL is a flagship company of the Jai Balaji Group.

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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