Jai Balaji Industries Ltd logo

Jai Balaji Industries Ltd

JAIBALAJI NSE

Key Fundamentals

MicrocapIron & SteelMetals & Mining
Market Cap
₹6,371 Cr
Volatility
Moderate
P/E Ratio
42.92
EBITDA
₹934 Cr
Return on Equity
26.26%
Debt to Equity
0.18
Book Value
₹24.75
52W High
₹109.72
52W Low
₹53.65

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.6%

Weaknesses

2
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoters have pledged 31.1% of their holding.

Growth Rate

Revenue Growth
-3.17% ↘
Net Income Growth
-36.57% ↗
Cash Flow Change
-62.89% ↘
ROE
-55.10% ↗
ROCE
-35.52% ↗
EBITDA Margin (Avg.)
-13.95% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Jai Balaji Industries is a Kolkata-based integrated steel and ferro alloy producer trading at a market cap of ₹5,382 Cr with a PE of 42.1x. The company delivered a strong 3-year ROE of ~32% but experienced a sharp TTM profit decline of ~76% and a 48% stock price correction over the past year, reflecting margin pressures in the metals sector and elevated promoter pledging at 31.1%.

Bull Case 8
  • Strong long-term wealth creation with 10-year stock CAGR of 36% and 5-year CAGR of 34%, indicating sustained business compounding over cycles
  • Healthy 3-year average ROE of ~32%, well above cost of equity for a metals company, demonstrating efficient capital deployment historically
  • Company has materially reduced debt, improving balance sheet resilience and interest coverage (reported at ~13.4x), reducing financial risk in a cyclical sector
  • 5-year compounded sales growth of 16% and 10-year sales CAGR of 17%, reflecting consistent top-line scaling across commodity cycles
  • 5-year compounded profit growth of 30%, indicating operating leverage and margin expansion during the upcycle phase
  • Diversification into value-added products like ductile iron pipes and specialized ferro alloys, which carry higher margins and reduce commodity cyclicality
  • Promoter holding at ~64.8% indicates strong skin-in-the-game and alignment with minority shareholders
  • Integrated operations spanning iron ore to finished steel products provide cost advantages and supply chain control in a fragmented industry
Bear Case 8
  • TTM net profit has declined ~76%, with Q1FY26 net profit at ₹70.55 Cr showing a 66% YoY decline, signaling severe margin compression
  • PE ratio of 42.1x is elevated for a metals/mining company where sector average is typically 8-15x, suggesting rich valuation relative to depressed earnings
  • Promoters have pledged 31.1% of their holding, creating risk of forced selling if stock price declines further or lenders invoke pledges
  • Stock has corrected 48% in the last 1 year, reflecting market's repricing of growth expectations and earnings deterioration
  • TTM sales growth is -9% and 3-year sales CAGR is -2%, indicating revenue stagnation or contraction in recent periods
  • Zero dividend payout despite years of reported profits suggests either reinvestment needs or cash flow constraints, with 0% dividend yield offering no downside cushion
  • Last year ROE collapsed to just 6% from a 3-year average of 32%, suggesting the high-return phase may have been cyclical rather than structural
  • Price-to-book of 2.42x is demanding for a capital-intensive metals business in a cyclical downturn with shrinking profitability

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18d ago
Headwinds 1
  • Tax demand of Rs 12.89 Cr Jul 1

    Jai Balaji Industries received an assessment order demanding Rs 12.89 crore for the block period 2018-2024. The company plans to appeal and believes there will be no material financial impact.

TL;DR: Jai Balaji Industries faces a minor tax demand of Rs 12.89 Cr for the 2018-2024 block period, though the company considers it immaterial and intends to appeal. With limited recent news flow, there are no visible bullish catalysts or major risks beyond routine regulatory matters. The outlook remains neutral pending further operational or financial updates from the Metals & Mining player.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,483
1,547
1,539
1,846
1,718
1,557
1,486
1,590
1,357
1,353
1,329
1,745
1,683
Expenses
1,277
1,333
1,292
1,605
1,403
1,328
1,296
1,457
1,230
1,281
1,274
1,653
1,531
Operating Profit
205
213
247
241
316
228
190
133
127
72
54
92
151
OPM %
14%
14%
16%
13%
18%
15%
13%
8%
9%
5%
4.1%
5%
9%
Other Income
8
28
23
156
10
22
18
19
16
13
8
0
3
Interest
21
19
15
18
16
15
15
17
18
15
16
18
14
Depreciation
21
21
21
23
22
22
23
26
31
31
32
32
32
PBT
170
202
235
357
287
213
170
108
95
40
15
42
109
Tax %
0%
0%
0%
23%
27%
28%
29%
30%
25%
33%
21%
50%
22%
Net Profit
170
202
235
273
209
153
120
75
71
26
12
21
85
EPS in Rs
2.19
2.51
2.92
3.34
2.35
1.68
1.32
0.83
0.77
0.29
0.13
0.23
0.93
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,478
1,213
1,564
2,389
3,077
2,912
2,785
4,644
6,125
6,414
6,351
5,784
6,110
Expenses
1,498
1,365
1,664
2,482
3,054
2,876
2,689
4,435
5,795
5,485
5,484
5,435
5,740
Operating Profit
-20
-152
-100
-93
24
36
96
209
330
929
867
350
370
OPM %
-1.4%
-13%
-6%
-3.9%
0.8%
1.2%
3.5%
4.5%
5%
14%
14%
6%
6%
Other Income
31
16
21
-22
36
49
10
29
-38
193
68
33
24
Interest
375
414
45
34
112
103
88
99
89
73
63
66
62
Depreciation
126
116
112
107
102
97
94
91
98
86
94
125
126
PBT
-490
-666
-236
-257
-154
-114
-76
48
105
963
778
192
206
Tax %
-21%
0%
0%
0%
0%
0%
0%
0%
45%
9%
28%
32%
—
Net Profit
-386
-666
-236
-257
-154
-114
-76
48
58
880
558
130
145
EPS in Rs
-10.47
-17.13
-5.47
-5.33
-3.19
-2.07
-1.37
0.87
0.79
10.75
6.12
1.42
1.58
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
74
78
86
96
96
110
110
110
145
164
182
182
Reserves
-255
-916
-1,268
-1,523
-1,676
-1,768
-1,843
-1,773
411
1,340
1,942
2,075
Borrowings
2,981
3,415
3,492
3,510
3,638
3,464
3,434
3,169
860
473
559
417
Other Liabilities
1,175
1,229
1,097
1,154
1,145
1,173
1,306
1,463
1,543
1,378
1,207
1,403
Total Liabilities
3,974
3,805
3,407
3,238
3,204
2,979
3,006
2,969
2,960
3,354
3,891
4,077
Fixed Assets
1,700
1,588
1,486
1,409
1,324
1,238
1,181
1,165
1,132
1,382
1,614
1,573
CWIP
112
115
121
119
79
98
102
52
69
116
129
294
Investments
81
81
79
1
1
1
1
1
1
1
1
1
Other Assets
2,081
2,020
1,722
1,709
1,800
1,642
1,722
1,751
1,758
1,856
2,147
2,209
Total Assets
3,974
3,805
3,407
3,238
3,204
2,979
3,006
2,969
2,960
3,354
3,891
4,077
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-62
-172
-104
66
40
291
143
463
321
839
311
358
Investing
32
4
25
-12
7
-37
-40
-124
-119
-398
-352
-242
Financing
43
157
76
-48
-48
-250
-89
-351
-192
-416
88
-209
Net Cash Flow
13
-11
-2
5
0
4
15
-12
10
24
47
-93
Free Cash Flow
-68
-186
-101
34
48
254
102
336
229
459
-43
115
CFO/OP
309
114
103
-69
174
816
149
223
99
90
36
102
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
188
220
114
61
47
36
32
12
14
14
25
21
Inventory Days
154
167
120
94
75
94
123
83
70
84
112
125
Days Payable
276
269
161
123
102
112
132
90
76
77
64
73
Cash Conversion Cycle
66
118
72
32
20
17
23
6
7
21
73
74
Working Capital Days
-136
-240
-750
-503
-211
-345
-378
-218
-25
-5
17
22
ROCE %
-4%
-9%
-8%
-8%
-2%
0%
1%
9%
18%
62%
36%
10%

Shareholding Pattern

As of Jun 2026
Promoters 64.84%
Others 21.93%
Public 10.34%
FIIs 2.79%
DIIs 0.10%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Mar 2023Apr 2023Jun 2023Aug 2023Sep 2023Dec 2023Mar 2024Apr 2024Jun 2024Jul 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
50.98%
50.98%
50.98%
50.98%
50.98%
50.98%
52.48%
53.77%
53.77%
54.90%
55.90%
55.90%
55.90%
57.39%
58.74%
60.02%
60.02%
60.02%
60.80%
62.80%
63.85%
64.84%
64.84%
64.84%
64.84%
64.84%
64.84%
64.84%
64.84%
64.84%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.67%
0.00%
3.05%
2.90%
2.92%
2.87%
3.01%
3.23%
3.56%
3.63%
3.48%
3.70%
3.00%
2.79%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.05%
0.00%
0.00%
0.07%
0.07%
0.08%
0.08%
0.09%
0.10%
0.11%
0.11%
0.12%
0.12%
0.11%
0.10%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
17.86%
18.53%
11.43%
12.25%
13.51%
14.58%
13.51%
12.59%
12.65%
11.84%
11.12%
11.55%
12.57%
12.14%
12.31%
11.92%
11.99%
10.84%
10.40%
9.87%
9.47%
9.20%
8.70%
8.43%
8.34%
9.00%
10.06%
10.45%
10.63%
10.34%
Others
31.17%
30.50%
37.59%
36.77%
35.52%
34.44%
34.01%
33.64%
33.58%
33.26%
32.98%
32.55%
31.54%
30.47%
28.91%
28.01%
27.31%
29.14%
25.67%
24.36%
23.68%
23.01%
23.36%
23.40%
23.15%
22.42%
21.49%
20.89%
21.41%
21.93%
No. of Shareholders
7,107
8,045
9,979
10,799
12,055
13,239
13,239
13,239
13,100
13,100
13,100
13,161
13,588
13,588
13,588
13,409
16,800
18,189
21,273
21,499
26,923
27,700
25,117
25,114
30,207
37,114
44,686
47,026
48,105
47,451

Documents

Frequently Asked Questions about Jai Balaji Industries Ltd

What does Jai Balaji Industries Ltd do?
Incorporated in 1999, Jai Balaji Industries Limited is engaged in the manufacturing of Iron and Steel products [1]
Where is Jai Balaji Industries Ltd (JAIBALAJI) listed?
Jai Balaji Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: JAIBALAJI and BSE: 532976. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Jai Balaji Industries Ltd belong to?
Jai Balaji Industries Ltd operates in the Metals & Mining sector within the Iron & Steel industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Jai Balaji Industries Ltd?
Jai Balaji Industries Ltd has a market capitalisation of approximately ₹6371.20 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Jai Balaji Industries Ltd?
The Price-to-Earnings (PE) ratio of Jai Balaji Industries Ltd is 42.92. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Jai Balaji Industries Ltd?
Over the past 52 weeks, Jai Balaji Industries Ltd has traded between a low of ₹53.65 and a high of ₹109.72. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Jai Balaji Industries Ltd?
Jai Balaji Industries Ltd has a Return on Equity (ROE) of 26.26%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Jai Balaji Industries Ltd on Tapetide?
On Tapetide, you can view Jai Balaji Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1999, Jai Balaji Industries Limited is engaged in the manufacturing of Iron and Steel products [1]

Website jaibalajigroup.com
CEO Mr. Aditya Jajodia
Employees 4,570
Listed 2003-12-09
Face Value ₹ 2
Issued Size 91,22,56,930

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