Jai Balaji Industries Ltd.

•

jaibalajigroup.comBSE: 532976NSE: JAIBALAJI

Market Cap₹ 5,945 Cr.

Current Price

High / Low₹ 108 / 54

Stock P/E20.3

Book Value₹ 24

Price to Book5.92

Dividend Yield0.00 %

ROCE36.1 %

ROE30.9 %

Face Value₹ 2

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Metals & Mining

Hold

The sector backdrop is mixed. Iron ore output was very strong at 29.5% YoY (2026-07), but steel slowed to 2.9% YoY (2026-07), finished steel consumption was 8.0% YoY (2026-06), and headline mining production was still -0.9% (Jul/26). FPI outflows of INR -2349 crore over 3 months to 2026-08-31 also argue against an aggressive overweight.

Confidence

61%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 39.7%
Company has a healthy return on capital (ROCE) of 36.8%
Operating margins have improved to 13.5% from 5.1%
Company has delivered good sales growth of 16.9% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.98x)

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 59.5% versus prior year
Equity base is being diluted - shares outstanding up 65.2%
Stock is trading at 5.9x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Metals & MiningIron & SteelSteel/Sponge Iron/Pig Iron

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	JINDALSTEL	1118.30	41.97	114076.45	0.18	843.80	-43.60	15482.13	25.93	8.92	17.18
2.	LLOYDSME	1798.45	21.24	101236.00	0.06	1733.89	170.25	7354.40	209.39	27.59	38.26
3.	JAIBALAJI	65.17	20.30	5945.14	0.00	26.48	-82.71	1353.35	-13.06	9.63	5.31
4.	RSL	189.90	31.86	1586.95	0.26	20.20	144.24	306.54	23.65	31.72	9.37
5.	STEELXIND	12.13	398.57	1547.20	0.00	150.26	—	2697.14	—	11.97	12.70
6.	SALSTEEL	74.64	86.93	1080.54	0.00	30.90	419.21	873.70	584.99	4.89	15.51
7.	VRAJ	125.90	11.56	415.25	0.00	11.51	51.65	193.83	40.14	10.52	11.17
8.	VASWANI	45.00	0.00	148.26	0.00	2.52	—	91.74	—	9.77	5.72

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	1,369	1,537	1,724	1,483	1,547	1,539	1,846	1,718	1,557	1,486	1,590	1,357	1,353
	1,307	1,467	1,661	1,277	1,333	1,292	1,605	1,403	1,328	1,296	1,457	1,230	1,281
Operating Profit	63	70	63	205	213	247	241	316	228	190	133	127	72
OPM %	4.59%	4.58%	3.68%	13.84%	13.80%	16.04%	13.05%	18.38%	14.66%	12.78%	8.36%	9.36%	5.31%
	5	2	21	8	28	23	156	10	22	18	19	16	13
Interest	22	20	26	21	19	15	18	16	15	15	17	18	15
Depreciation	25	25	25	21	21	21	23	22	22	23	26	31	31
Profit before Tax	21	28	34	170	202	235	357	287	213	170	108	95	40
Tax %	0.00%	0.00%	138.45%	0.00%	0.00%	0.00%	23.46%	27.31%	28.01%	29.01%	30.33%	25.49%	33.45%
Net Profit	0	0	0	0	0	235	273	209	153	120	75	71	26
	1.74	2.03	-1.26	11.34	12.79	2.94	3.39	12.10	1.68	1.32	0.83	0.77	0.29

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	1,220	1,702	2,389	3,077	2,912	2,785	4,693	6,125	6,414	6,351	5,786
	1,379	1,815	2,483	3,058	2,882	2,690	4,484	5,869	5,783	5,489	5,265
Operating Profit	-159	-113	-94	20	31	95	208	256	630	861	522
OPM %	-13.03%	-6.63%	-3.92%	0.64%	1.06%	3.42%	4.44%	4.18%	9.83%	13.56%	9.02%
	16	21	-22	40	54	11	30	35	491	73	66
Interest	425	46	34	112	103	88	99	89	73	63	64
Depreciation	122	118	107	102	97	94	91	98	86	94	111
Profit before Tax	-690	-256	-257	-154	-114	-76	48	105	963	778	412
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	44.89%	8.68%	28.29%	28.97%
Net Profit	-690	-256	-257	-154	-114	-76	48	58	880	558	293
EPS	-93.47	-30.58	-27.48	-15.94	-11.07	-6.86	4.35	4.11	53.75	6.12	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 17%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 126%

STOCK PRICE CAGR

10 Years:: 40%
5 Years:: 42%
3 Years:: 0%
1 Year:: -35%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 24%
3 Years:: 40%
Last Year:: 31%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	78	86	96	96	110	110	110	145	164	182
	-960	-1,324	-1,523	-1,676	-1,768	-1,844	-1,773	366	1,319	1,942
	3,116	2,941	3,520	3,641	3,469	3,438	3,169	889	505	592
Trade Payables	799	581	641	670	690	750	819	899	870	714
	593	936	213	182	187	260	353	369	289	460
Total Liabilities	3,626	3,221	2,947	2,913	2,688	2,715	2,678	2,669	3,147	3,891
	1,691	1,583	1,409	1,324	1,238	1,181	1,165	1,132	1,382	1,614
Capital Work in Progress	130	94	119	79	98	102	52	69	116	127
	2	2	1	1	1	1	1	1	1	1
	528	460	488	496	579	699	758	821	950	1,248
	0	0	0	0	0	0	0	0	242	430
Cash & Bank	17	14	8	7	23	26	22	51	91	126
	1,258	1,068	921	1,005	750	706	680	595	366	344
Total Assets	3,626	3,221	2,947	2,913	2,688	2,715	2,678	2,669	3,147	3,891

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-175	-104	65	41	293	144	465	326	839	311
Cash from Investing	4	26	-12	7	-37	-40	-124	-119	-398	-352
Cash from Financing	158	78	-48	-48	-250	-89	-351	-192	-416	88
	-11	0	5	-0	4	15	-12	10	24	47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.85	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84
	2.92	3.00	3.23	3.56	3.63	3.48	3.70	3.00	2.78
	0.08	0.09	0.08	0.09	0.09	0.10	0.10	0.09	0.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	33.14	32.06	31.85	31.51	31.43	31.58	31.36	32.07	32.29

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Jai Balaji Industries Limited has informed the Exchange about Schedule of meet

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Jai Balaji Industries Limited has informed the Exchange about Copy of Newspaper Publication regarding completion of dispatch of Notice convening 27th Annual General Meeting

2026-08-31

Updates

2026-08-31 - Jai Balaji Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2025-26'.

2026-08-31

Shareholders meeting

2026-08-31 - Jai Balaji Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-27

Copy of Newspaper Publication

2026-08-27 - Jai Balaji Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-26

Updates

2026-08-26 - Jai Balaji Industries Limited has informed the Exchange regarding 'the 27th Annual General Meeting of the Company which will be held on 24th September, 2026'.

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Jai Balaji Industries Limited has informed the Exchange about Transcript

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Jai Balaji Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Jai Balaji Industries Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for JAIBALAJI

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Jai Balaji Industries Ltd.

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Name

JINDALSTEL

1118.30

41.97

114076.45

0.18

843.80

-43.60

15482.13

25.93

8.92

17.18

LLOYDSME

1798.45

21.24

101236.00

0.06

1733.89

170.25

7354.40

209.39

27.59

38.26

JAIBALAJI

65.17

20.30

5945.14

0.00

26.48

-82.71

1353.35

-13.06

9.63

5.31

RSL

189.90

31.86

1586.95

0.26

20.20

144.24

306.54

23.65

31.72

9.37

STEELXIND

12.13

398.57

1547.20

0.00

150.26

—

2697.14

—

11.97

12.70

SALSTEEL

74.64

86.93

1080.54

0.00

30.90

419.21

873.70

584.99

4.89

15.51

VRAJ

125.90

11.56

415.25

0.00

11.51

51.65

193.83

40.14

10.52

11.17

VASWANI

45.00

0.00

148.26

0.00

2.52

—

91.74

—

9.77

5.72

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

1,369

1,537

1,724

1,483

1,547

1,539

1,846

1,718

1,557

1,486

1,590

1,357

1,353

1,307

1,467

1,661

1,277

1,333

1,292

1,605

1,403

1,328

1,296

1,457

1,230

1,281

Operating Profit

205

213

247

241

316

228

190

133

127

OPM %

4.59%

4.58%

3.68%

13.84%

13.80%

16.04%

13.05%

18.38%

14.66%

12.78%

8.36%

9.36%

5.31%

156

Interest

Depreciation

Profit before Tax

170

202

235

357

287

213

170

108

Tax %

0.00%

138.45%

0.00%

23.46%

27.31%

28.01%

29.01%

30.33%

25.49%

33.45%

Net Profit

235

273

209

153

120

1.74

2.03

-1.26

11.34

12.79

2.94

3.39

12.10

1.68

1.32

0.83

0.77

0.29

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

1,220

1,702

2,389

3,077

2,912

2,785

4,693

6,125

6,414

6,351

5,786

1,379

1,815

2,483

3,058

2,882

2,690

4,484

5,869

5,783

5,489

5,265

Operating Profit

-159

-113

-94

208

256

630

861

522

OPM %

-13.03%

-6.63%

-3.92%

0.64%

1.06%

3.42%

4.44%

4.18%

9.83%

13.56%

9.02%

-22

491

Interest

425

112

103

Depreciation

122

118

107

102

111

Profit before Tax

-690

-256

-257

-154

-114

-76

105

963

778

412

Tax %

-0.00%

0.00%

44.89%

8.68%

28.29%

28.97%

Net Profit

-690

-256

-257

-154

-114

-76

880

558

293

EPS

-93.47

-30.58

-27.48

-15.94

-11.07

-6.86

4.35

4.11

53.75

6.12

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

110

145

164

182

-960

-1,324

-1,523

-1,676

-1,768

-1,844

-1,773

366

1,319

1,942

3,116

2,941

3,520

3,641

3,469

3,438

3,169

889

505

592

Trade Payables

799

581

641

670

690

750

819

899

870

714

593

936

213

182

187

260

353

369

289

460

Total Liabilities

3,626

3,221

2,947

2,913

2,688

2,715

2,678

2,669

3,147

3,891

1,691

1,583

1,409

1,324

1,238

1,181

1,165

1,132

1,382

1,614

Capital Work in Progress

130

119

102

116

127

528

460

488

496

579

699

758

821

950

1,248

242

430

Cash & Bank

126

1,258

1,068

921

1,005

750

706

680

595

366

344

Total Assets

3,626

3,221

2,947

2,913

2,688

2,715

2,678

2,669

3,147

3,891

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-175

-104

293

144

465

326

839

311

Cash from Investing

-12

-37

-40

-124

-119

-398

-352

Cash from Financing

158

-48

-250

-89

-351

-192

-416

-11

-0

-12

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

63.85

64.84

2.92

3.00

3.23

3.56

3.63

3.48

3.70

3.00

2.78

0.08

0.09

0.08

0.09

0.10

0.09

0.08

Government

0.00

33.14

32.06

31.85

31.51

31.43

31.58

31.36

32.07

32.29

Jai Balaji Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Jai Balaji Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI