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Jai Balaji Industries Ltd Stock Analysis

Small Cap
Evaluated by 357 users | BSE: 532976 | NSE: JAIBALAJI |
Steel/Sponge Iron/Pig Iron
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 6.94%-1.57%-3.27%-2.86%-4.68%-13.96%-8.41%-9.64%-3.68%-2.19%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,1662,3472,0601,9681,4781,2131,5642,3893,0772,912
Y-o-Y Gr. Rt.-8.4%-12.2%-4.5%-24.9%-17.9%29%52.8%28.8%-5.4%
Adjusted EPS (Rs.) 11.79-33.62-45.12-47.07-53.34-85.47-27.46-24.43-16.02-10.35
Y-o-Y Gr. Rt.--385.2%NANANANANANANANA
Book Value per Share (Rs.) 152.7487.56101.3727.26-24.51-108.38-137.26-148.02-163.92-150.11
Adjusted Net Profit 75.2-214-288-317-394-665-237-235-154-114
Net Op. Cash Flow (Rs. Cr.) 205243-68.6-32.1-61.7-172-10465.640.3291
Debt to Cash Flow from Ops 9.056.82-45.91-80.79-48.35-19.88-33.6353.5190.2911.92
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Jai Balaji Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.4%14.5%23%-5.4%
Adjusted EPS -198.6%NANANA
Book Value per Share -199.8000
Share Price -2.2% 33.5% 31.9% 50.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Jun'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 8.01-32.06-35.73-87.26-2241.9130.4723.4618.0610.277.06
Operating Profit Margin (%) 15.351.88-4.891.77-1.51-12.38-6.39-3.890.771.07
Net Profit Margin (%) 3.47-9.14-13.97-16.09-26.63-54.83-15.15-9.86-5.02-3.93
Debt to Equity 1.92.974.8714.13-16.48-4.05-2.95-2.46-2.3-2.09
Working Capital Days 195180374304405477338213173177
Cash Conversion Cycle 847210088126168104482826
Entity Percentage Holding
Promoters 50.98%
Institutions 2.75%
Non-Institutions 46.27%
Pledged *75.9875.9892.8692.8692.8692.8692.8692.8692.8692.86
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Jai Balaji Industries Ltd's performance infers:

Jai Balaji Industries Ltd earnings have grown by 0%, whereas share price has appreciated 33.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Jai Balaji Industries Ltd share prices over the last 10 years. Here is what we found out:

Jai Balaji Industries Ltd share price has appreciated -16.1% annually over the past ten years.

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

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.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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