Jai Balaji Industries Ltd.

•

jaibalajigroup.comBSE: 532976NSE: JAIBALAJI

Market Cap₹ 5,945 Cr.

Current Price

High / Low₹ 108 / 54

Stock P/E41.1

Book Value₹ 26

Price to Book2.19

Dividend Yield0.00 %

ROCE9.6 %

ROE5.9 %

Face Value₹ 2

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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 41.7%
Company has a healthy return on capital (ROCE) of 35.6%
Company has delivered good sales growth of 15.7% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.96x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Recent results are weak - TTM profit is down 57.1% versus prior year
A large part of profit comes from other income (41.7% of PBT)
Equity base is being diluted - shares outstanding up 25.4%
Valuation is stretched - P/E of 41.1 is well above its own 5-year median (22.6)
Though reporting repeated profits, the company pays out little dividend (0.0%)
Inventory has been piling up - inventory days up from 63 to 84

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	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
	1,277	1,333	1,292	1,605	1,403	1,328	1,296	1,457	1,230	1,281	1,274	1,653	1,577
Operating Profit	205	213	247	241	316	228	190	133	127	72	54	92	106
OPM %	13.84%	13.80%	16.04%	13.05%	18.38%	14.66%	12.78%	8.36%	9.36%	5.31%	4.09%	5.28%	6.29%
	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
Profit before Tax	170	202	235	357	287	213	170	108	95	40	15	42	109
Tax %	0.00%	0.00%	0.00%	23.46%	27.31%	28.01%	29.01%	30.33%	25.49%	33.45%	21.27%	49.65%	22.01%
Net Profit	170	202	235	273	209	153	120	75	71	26	12	21	85
	11.34	12.79	2.94	3.39	12.10	1.68	1.32	0.83	0.77	0.29	0.13	0.23	0.93

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,564	2,389	3,077	2,912	2,785	4,693	6,125	6,414	6,351	5,784	6,110
	1,664	2,483	3,058	2,882	2,690	4,484	5,869	5,783	5,489	5,478	5,785
Operating Profit	-100	-94	20	31	95	208	256	630	861	306	324
OPM %	-6.40%	-3.92%	0.64%	1.06%	3.42%	4.44%	4.18%	9.83%	13.56%	5.29%	5.31%
	21	-22	40	54	11	30	35	491	73	77	24
Interest	45	34	112	103	88	99	89	73	63	66	62
Depreciation	112	107	102	97	94	91	98	86	94	125	126
Profit before Tax	-236	-257	-154	-114	-76	48	105	963	778	192	206
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	0.00%	44.89%	8.68%	28.29%	32.17%	29.85%
Net Profit	-236	-257	-154	-114	-76	48	58	880	558	130	145
EPS	-28.23	-27.48	-15.94	-11.07	-6.86	4.35	4.11	53.75	6.12	1.42	—
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:: 17%
5 Years:: 16%
3 Years:: -2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 31%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 25%
3 Years:: 42%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	86	96	96	110	110	110	145	164	182	182
	-1,270	-1,523	-1,676	-1,768	-1,843	-1,773	366	1,319	1,942	2,075
	2,847	3,520	3,641	3,469	3,438	3,169	889	505	592	448
Trade Payables	564	641	670	690	750	819	899	870	714	822
	890	213	182	187	260	353	369	289	460	549
Total Liabilities	3,116	2,947	2,913	2,688	2,715	2,678	2,669	3,147	3,891	4,077
	1,486	1,409	1,324	1,238	1,181	1,165	1,132	1,382	1,614	1,573
Capital Work in Progress	82	119	79	98	102	52	69	116	127	294
	79	1	1	1	1	1	1	1	1	1
	420	488	496	579	699	758	821	950	1,248	1,419
	0	0	0	0	0	0	0	242	430	330
Cash & Bank	10	8	7	23	26	22	51	91	126	60
	1,040	921	1,005	750	706	680	595	366	344	400
Total Assets	3,116	2,947	2,913	2,688	2,715	2,678	2,669	3,147	3,891	4,077

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-103	65	41	293	144	465	326	839	311	358
Cash from Investing	25	-12	7	-37	-40	-124	-119	-398	-352	-242
Cash from Financing	76	-48	-48	-250	-89	-351	-192	-416	88	-209
	-2	5	-0	4	15	-12	10	24	47	-93

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

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

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

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

1,277

1,333

1,292

1,605

1,403

1,328

1,296

1,457

1,230

1,281

1,274

1,653

1,577

Operating Profit

205

213

247

241

316

228

190

133

127

106

OPM %

13.84%

13.80%

16.04%

13.05%

18.38%

14.66%

12.78%

8.36%

9.36%

5.31%

4.09%

5.28%

6.29%

156

-0

Interest

Depreciation

Profit before Tax

170

202

235

357

287

213

170

108

109

Tax %

0.00%

23.46%

27.31%

28.01%

29.01%

30.33%

25.49%

33.45%

21.27%

49.65%

22.01%

Net Profit

170

202

235

273

209

153

120

11.34

12.79

2.94

3.39

12.10

1.68

1.32

0.83

0.77

0.29

0.13

0.23

0.93

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,564

2,389

3,077

2,912

2,785

4,693

6,125

6,414

6,351

5,784

6,110

1,664

2,483

3,058

2,882

2,690

4,484

5,869

5,783

5,489

5,478

5,785

Operating Profit

-100

-94

208

256

630

861

306

324

OPM %

-6.40%

-3.92%

0.64%

1.06%

3.42%

4.44%

4.18%

9.83%

13.56%

5.29%

5.31%

-22

491

Interest

112

103

Depreciation

112

107

102

125

126

Profit before Tax

-236

-257

-154

-114

-76

105

963

778

192

206

Tax %

-0.00%

0.00%

44.89%

8.68%

28.29%

32.17%

29.85%

Net Profit

-236

-257

-154

-114

-76

880

558

130

145

EPS

-28.23

-27.48

-15.94

-11.07

-6.86

4.35

4.11

53.75

6.12

1.42

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

110

145

164

182

-1,270

-1,523

-1,676

-1,768

-1,843

-1,773

366

1,319

1,942

2,075

2,847

3,520

3,641

3,469

3,438

3,169

889

505

592

448

Trade Payables

564

641

670

690

750

819

899

870

714

822

890

213

182

187

260

353

369

289

460

549

Total Liabilities

3,116

2,947

2,913

2,688

2,715

2,678

2,669

3,147

3,891

4,077

1,486

1,409

1,324

1,238

1,181

1,165

1,132

1,382

1,614

1,573

Capital Work in Progress

119

102

116

127

294

420

488

496

579

699

758

821

950

1,248

1,419

242

430

330

Cash & Bank

126

1,040

921

1,005

750

706

680

595

366

344

400

Total Assets

3,116

2,947

2,913

2,688

2,715

2,678

2,669

3,147

3,891

4,077

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-103

293

144

465

326

839

311

358

Cash from Investing

-12

-37

-40

-124

-119

-398

-352

-242

Cash from Financing

-48

-250

-89

-351

-192

-416

-209

-2

-0

-12

-93

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

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