Jai Balaji Industries Ltd - Stock Valuation and Financial Performance

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

Jai Balaji Inds Share Price

868 -3.90 -0.45%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Jai Balaji Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Jai Balaji Industries stock performance -

mw4me loader
P/E Ratio (SA):
18.04
Market Cap:
15,870.4 Cr.
52-wk low:
90.4
52-wk high:
1,307

Is Jai Balaji Industries Ltd an attractive stock to invest in?

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 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -2.9%-4.7%-14%-8.4%-9.6%-3.7%-2.2%-0.8%7.4%12.2%-
Value Creation
Index
-1.2NANANANANANANA-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9681,4781,2131,5642,3893,0772,9122,7854,6936,1256,414
Sales YoY Gr.--24.9%-17.9%29%52.8%28.8%-5.4%-4.4%68.5%30.5%-
Adj EPS -47.1-53.3-85.5-27.5-24.4-16-10.4-6.84.5848.2
YoY Gr.-NANANANANANANANA79.2%-
BVPS (₹) 27.3-24.5-108.4-137.3-148-163.9-150.1-156.9-150.535.287.3
Adj Net
Profit
-317-394-665-237-235-154-114-75.149.4116880
Cash Flow from Ops. -32.1-61.7-172-10465.640.3291143463321-
Debt/CF from Ops. -80.8-48.4-19.9-33.653.590.311.923.96.92.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.4%20.7%28.1%30.5%
Adj EPS NANANA79.2%
BVPS2.9%NANANA
Share Price 41.6% 103.3% 143.5% 812.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-87.3-2241.9130.523.518.110.37.14.4-2.9-21.178.7
Op. Profit
Mgn %
1.8-1.5-12.4-6.4-3.90.81.13.54.55.614.1
Net Profit
Mgn %
-16.1-26.6-54.8-15.2-9.9-5-3.9-2.71.11.913.7
Debt to
Equity
14.1-16.5-4.1-3-2.5-2.3-2.1-2-1.91.70.2
Working Cap
Days
3044054773382131731771791118539
Cash Conv.
Cycle
881261681044828262452-4

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 78.70%

Sales growth is growing at healthy rate in last 3 years 28.12%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 4.83%

Latest Financials - Jai Balaji Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 48.2 48.2
TTM Sales (₹ Cr.) 6,414 6,414
BVPS (₹.) 87.3 87.3
Reserves (₹ Cr.) 1,371 1,371
P/BV 9.97 9.97
PE 18.04 18.04
From the Market
52 Week Low / High (₹) 90.42 / 1307.00
All Time Low / High (₹) 4.91 / 1307.00
Market Cap (₹ Cr.) 15,870
Equity (₹ Cr.) 182.5
Face Value (₹) 10
Industry PE 21.6

Management X-Ray of Jai Balaji Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *92.8692.8692.8675.9964.3064.3057.2631.9631.9630.94
* 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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,9681,4781,2131,5642,3893,0772,9122,7854,6936,125
Operating Expenses 1,9371,5001,3651,6642,4833,0582,8822,6904,4845,869
Manufacturing Costs336245228263462538498486731993
Material Costs1,5021,1781,0521,2771,9072,3992,2402,0693,3254,300
Employee Cost 5951525669829089109129
Other Costs 4127326745395446320448
Operating Profit 31-22-152-100-94203195208256
Operating Profit Margin (%) 1.6%-1.5%-12.5%-6.4%-3.9%0.6%1.1%3.4%4.4%4.2%
Other Income 23371621184060113035
Interest 3363754144534112103889989
Depreciation 13612611611210710297949198
Exceptional Items 0-300-400-6000
Profit Before Tax -419-490-666-236-257-154-114-7648105
Tax -100-104000000047
Profit After Tax -319-386-666-236-257-154-114-764858
PAT Margin (%) -16.2%-26.1%-54.9%-15.1%-10.7%-5.0%-3.9%-2.7%1.0%0.9%
Adjusted EPS (₹)-47.4-52.4-85.6-27.4-26.6-15.9-10.4-6.94.44.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 183-181-843-1,184-1,427-1,580-1,658-1,733-1,663512
Share Capital 677478869696110110110145
Reserves 116-255-921-1,270-1,523-1,676-1,768-1,843-1,773366
Minority Interest0000000000
Debt2,3392,6763,0102,8443,5103,6383,4643,4333,169860
Long Term Debt1,6351,9642,24853571,614662578586626
Short Term Debt7047127622,7913,4532,0242,8022,8552,583234
Trade Payables914891775564641670690750819899
Others Liabilities 390297572892222185192265354399
Total Liabilities 3,8263,6833,5143,1162,9472,9132,6882,7152,6782,669

Fixed Assets

Gross Block2,4852,4912,4952,4922,5232,5302,5292,5632,6362,551
Accumulated Depreciation6497919061,0071,1141,2061,2901,3811,4711,420
Net Fixed Assets1,8361,7001,5881,4861,4091,3241,2381,1811,1651,132
CWIP 73731158211979981025269
Investments 81818179111111
Inventories509497481420488496579699758821
Trade Receivables791763731487399394284244156229
Cash Equivalents 253215108723262251
Others Assets511537502553522611466462524365
Total Assets 3,8263,6833,5143,1162,9472,9132,6882,7152,6782,669

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -32-62-172-1046640291143463321
PBT -419-490-666-236-257-154-114-7648105
Adjustment 442451507178189186166188382485
Changes in Working Capital -55-24-14-4513292413235-264
Tax Paid -11101-1-20-3-5
Cash Flow From Investing Activity 1932425-127-37-40-124-118
Capex -11-6-152-328-37-42-127-92
Net Investments 004016-9-602-30
Others 30391523386214
Cash Flow From Financing Activity 54315776-48-48-250-89-351-192
Net Proceeds from Shares 0000003600182
Net Proceeds from Borrowing 23038943411343136-18-33-249-333
Interest Paid -250-346-286-43-99-171-106-56-101-85
Dividend Paid 0000000000
Others 250967-12-1620044
Net Cash Flow -813-11-250415-1211
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-95.46N/AN/AN/AN/AN/AN/AN/AN/A0
ROCE (%)-2.9N/AN/AN/AN/AN/AN/AN/AN/A13.27
Asset Turnover Ratio0.550.420.370.510.81.051.041.031.742.29
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A9.655.53
Working Capital Days
Receivable Days127178205131674743351611
Inventory Days9511613497685867845747
Payable Days1812242401751151001111278673

Jai Balaji Industries Ltd Stock News

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 12-Jul-2024 16:01 is ₹868.0.
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 12-Jul-2024 16:01 the market cap of Jai Balaji Inds stood at ₹15,870.4.
The latest P/E ratio of Jai Balaji Inds as of 12-Jul-2024 16:01 is 18.04.
The latest P/B ratio of Jai Balaji Inds as of 12-Jul-2024 16:01 is 9.97.
The 52-week high of Jai Balaji Inds is ₹1,307 and the 52-week low is ₹90.42.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jai Balaji Inds is ₹6,414 ( 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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