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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

₹66 -0.97 (-1.45%)

As on 09-Jun'26 10:42

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

₹66 -0.97 (-1.45%)

As on 09-Jun'26 10:42

Key Metrics
Valuation Multiples
Market Cap
₹6,109 Cr.
Current Price
₹66
52-Week Low / High
₹53 / 139
TTM EPS
₹1.4
TTM Sales
₹5,784 Cr.
Book Value per Share
₹24.8
P/E Ratio
47.01
Higher than its 5-year historical median
Industry PE
34.3
Price to Book (P/B)
2.71
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
In line with its 5-year historical median
EV/EBITDA
16.73
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
30.93%
Outperforms industry median
Return on Capital Employed (ROCE)
36.09%
Outperforms industry median
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
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.98%
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
₹2,075 Cr.
Equity
₹182.5 Cr.
Face Value
₹2
All Time Low / High
₹0.98 / 261.40

Jai Balaji Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 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?
Q.1 Revenue growth of Jai Balaji Industries Ltd vs industry peers?
Jai Balaji Industries Ltd revenue CAGR is 16.87%, compared to the industry median CAGR of 7.65%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Jai Balaji Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 49.1% 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 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -9.4%-7.8%-10.1%-2%-0.6%0.7%9.2%13.3%61.1%36.1%-
Value Creation
Index
NANANANANANA-0.4-0.14.41.7-

Growth Parameters

Sales 1,2131,5642,3893,0772,9122,7854,6936,1256,4146,3515,784
Sales YoY Gr.-29%52.8%28.8%-5.4%-4.4%68.5%30.5%4.7%-1%-
Adj EPS -17.1-5.5-4.9-3.2-2.1-1.40.91.610.96.11.4
YoY Gr.-NANANANANANA80.9%576.4%-43.9%-
BVPS (₹) -21.7-27.5-29.6-32.8-30-31.4-30.1718.123.324.8
Adj Net
Profit
-665-237-235-154-114-75.149.4117891557130
Cash Flow from Ops. -172-10465.640.3291143463321839311-
Debt/CF from Ops. -19.9-33.653.590.311.923.96.92.70.61.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 20.2%16.9%10.6%-1%
Adj EPS NANA90.1%-43.9%
BVPSNANANA28.5%
Share Price 47.7% 47.2% 62.5% -37.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
130.523.518.110.37.14.4-2.9-21.286.530.75.9
Op. Profit
Mgn %
-12.4-6.4-3.90.81.13.54.55.610.213.66
Net Profit
Mgn %
-54.8-15.2-9.9-5-3.9-2.71.11.913.98.82.2
Debt to
Equity
-4.1-3-2.5-2.3-2.1-2-1.91.70.30.30
Working Cap
Days
477338213173177179110848410260
Cash Conv.
Cycle
168104482826245253012

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,2131,5642,3893,0772,9122,7854,6936,1256,4146,351
Operating Expenses + 1,3651,6642,4833,0582,8822,6904,4845,8695,7835,489
Manufacturing Costs2282634625384984867319931,0941,127
Material Costs1,0521,2771,9072,3992,2402,0693,3254,3004,1444,066
Employee Cost 525669829089109129151172
Other Costs 326745395446320448395125
Operating Profit -152-100-94203195208256630861
Operating Profit Margin (%) -12.5%-6.4%-3.9%0.6%1.1%3.4%4.4%4.2%9.8%13.6%
Other Income + 162118406011303549173
Exceptional Items 00-400-600000
Interest 41445341121038899897363
Depreciation 116112107102979491988694
Profit Before Tax -666-236-257-154-114-7648105963778
Tax 00000004784220
Profit After Tax -666-236-257-154-114-764858880558
PAT Margin (%) -54.9%-15.1%-10.7%-5.0%-3.9%-2.7%1.0%0.9%13.7%8.8%
Adjusted EPS (₹)-17.1-5.5-5.3-3.2-2.1-1.40.90.810.86.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Jai Balaji Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -843-1,184-1,427-1,580-1,658-1,733-1,6635121,4832,125
Share Capital 78869696110110110145164182
Reserves -921-1,270-1,523-1,676-1,768-1,843-1,7733661,3191,942
Debt +3,0102,8443,5103,6383,4643,4333,169860472558
Long Term Debt2,24853571,614662578586626303148
Short Term Debt7622,7913,4532,0242,8022,8552,583234169410
Minority Interest0000000000
Trade Payables775564641670690750819899870714
Others Liabilities 572892222185192265354399322494
Total Liabilities 3,5143,1162,9472,9132,6882,7152,6782,6693,1473,891

Fixed Assets

Net Fixed Assets +1,5881,4861,4091,3241,2381,1811,1651,1321,3821,614
Gross Block2,4952,4922,5232,5302,5292,5632,6362,5512,8093,134
Accumulated Depreciation9061,0071,1141,2061,2901,3811,4711,4201,4271,521
CWIP 1158211979981025269116129
Investments 817911111111
Inventories4814204884965796997588219501,248
Trade Receivables731487399394284244156229242430
Cash Equivalents 1510872326225191126
Others Assets 502553522611466462524365366342
Total Assets 3,5143,1162,9472,9132,6882,7152,6782,6693,1473,891

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -172-1046640291143463321839311
PBT -666-236-257-154-114-7648105963778
Adjustment 507178189186166188382485-21101
Changes in Working Capital -14-4513292413235-264-105-564
Tax Paid 1-01-1-2-0-3-52-4
Cash Flow From Investing Activity + 425-127-37-40-124-119-398-352
Capex -152-328-37-42-127-92-380-354
Net Investments 4516-9-602-31-25-8
Others 1518386214710
Cash Flow From Financing Activity + 15776-48-48-250-89-351-192-41688
Net Proceeds from Shares 00003600000
Net Proceeds from Borrowing 0000000000
Interest Paid -286-43-99-171-106-56-101-85-94-62
Dividend Paid -0-0-0-0000000
Others 44311951123-179-33-249-107-323150
Net Cash Flow -11-25-0415-12102447

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A088.1930.93
ROCE (%)N/AN/AN/AN/AN/AN/AN/A13.2761.0736.09
Asset Turnover Ratio0.370.510.81.051.041.031.752.312.221.81
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A9.655.530.950.56
Working Capital Days
Receivable Days205.10131.4066.7047.1042.5034.6015.5011.4013.3019.20
Inventory Days134.3097.3068.4058.4067.3083.7056.5046.7050.1062.90
Payable Days240.50175115.4099.80110.90127.1086.1072.9077.9071.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *31.9630.9427.1726.0226.0226.0226.0226.0231.0931.09
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jai Balaji Industries Ltd FAQs

The current trading price of Jai Balaji Inds on 09-Jun-2026 10:42 is ₹66.00.

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 08-Jun-2026 the market cap of Jai Balaji Inds stood at ₹6,109.4 Cr

The latest P/E ratio of Jai Balaji Inds as of 08-Jun-2026 is 47.01.

The latest P/B ratio of Jai Balaji Inds as of 08-Jun-2026 is 2.71.

The 52-week high of Jai Balaji Inds is ₹139.0 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 ₹5,784 ( 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 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 (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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