Jai Balaji Industries Ltd.
•₹ 63.57-3.8%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | JINDALSTEL | 1113.00 | 41.77 | 113535.81 | 0.18 | 843.80 | -43.60 | 15482.13 | 25.93 | 8.92 | 17.18 |
| 2. | LLOYDSME | 1921.30 | 22.69 | 108151.31 | 0.05 | 1733.89 | 170.25 | 7354.40 | 209.39 | 27.59 | 38.26 |
| 3. | JAIBALAJI | 66.44 | 20.69 | 6061.00 | 0.00 | 26.48 | -82.71 | 1353.35 | -13.06 | 36.09 | 5.31 |
| 4. | RSL | 164.85 | 0.00 | 1377.61 | 0.30 | 20.20 | 144.24 | 306.54 | 23.65 | 31.72 | 9.37 |
| 5. | STEELXIND | 10.60 | 348.29 | 1352.05 | 0.00 | 150.26 | — | 2697.14 | — | 11.97 | 12.70 |
| 6. | SALSTEEL | 79.42 | 0.00 | 1149.74 | 0.00 | 30.90 | 419.21 | 873.70 | 584.99 | 4.89 | 15.51 |
| 7. | VRAJ | 121.10 | 11.12 | 399.42 | 0.00 | 11.51 | 51.65 | 193.83 | 40.14 | 18.45 | 11.17 |
| 8. | VASWANI | 49.09 | 0.00 | 160.84 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 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 |
| 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 |
| 2 | 2 | -1 | 11 | 13 | 3 | 3 | 12 | 2 | 1 | 1 | 1 | 0 | |
| Equity Capital | 128 | 145 | 145 | 155 | 160 | 160 | 164 | 177 | 182 | 182 | 182 | 182 | 182 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 128 | 145 | 145 | 155 | 160 | 160 | 164 | 177 | 182 | 182 | 182 | 182 | 182 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Sep 2022
- 1,369
- 1,307
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 22
- Depreciation
- 25
- 21
- Tax %
- 0.00%
- Net Profit
- 0
- 2
- Equity Capital
- 128
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 128
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2022
- 1,537
- 1,467
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 20
- Depreciation
- 25
- 28
- Tax %
- 0.00%
- Net Profit
- 0
- 2
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2023
- 1,724
- 1,661
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 26
- Depreciation
- 25
- 34
- Tax %
- 138.45%
- Net Profit
- 0
- -1
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 145
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2023
- 1,483
- 1,277
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 21
- Depreciation
- 21
- 170
- Tax %
- 0.00%
- Net Profit
- 0
- 11
- Equity Capital
- 155
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 155
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,547
- 1,333
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 19
- Depreciation
- 21
- 202
- Tax %
- 0.00%
- Net Profit
- 0
- 13
- Equity Capital
- 160
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 160
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,539
- 1,292
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 15
- Depreciation
- 21
- 235
- Tax %
- 0.00%
- Net Profit
- 235
- 3
- Equity Capital
- 160
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 160
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,846
- 1,605
- Operating Profit
- —
- OPM %
- —
- Other Income
- 156
- Interest
- 18
- Depreciation
- 23
- 357
- Tax %
- 23.46%
- Net Profit
- 273
- 3
- Equity Capital
- 164
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 164
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,718
- 1,403
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 16
- Depreciation
- 22
- 287
- Tax %
- 27.31%
- Net Profit
- 209
- 12
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,557
- 1,328
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 15
- Depreciation
- 22
- 213
- Tax %
- 28.01%
- Net Profit
- 153
- 2
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,486
- 1,296
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 15
- Depreciation
- 23
- 170
- Tax %
- 29.01%
- Net Profit
- 120
- 1
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,590
- 1,457
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 17
- Depreciation
- 26
- 108
- Tax %
- 30.33%
- Net Profit
- 75
- 1
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,357
- 1,230
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 18
- Depreciation
- 31
- 95
- Tax %
- 25.49%
- Net Profit
- 71
- 1
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,353
- 1,281
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 15
- Depreciation
- 31
- 40
- Tax %
- 33.45%
- Net Profit
- 26
- 0
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 182
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | -143 | -92 | -76 | 60 | 91 | 106 | 238 | 292 | 1,121 | 934 | — |
| OPM % | -12 | -5 | -3 | 2 | 3 | 4 | 5 | 5 | 17 | 15 | — |
| Other Income | 16 | 21 | 18 | 40 | 60 | 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 |
| -690 | -256 | -257 | -154 | -114 | -76 | 48 | 105 | 963 | 778 | 412 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 9 | 28 | 29 |
| Net Profit | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 58 | 880 | 558 | 293 |
| EPS | -93 | -31 | -27 | -16 | -11 | -7 | 4 | 4 | 54 | 6 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -18 | -6 | -5 | -3 | -2 | -1 | 1 | 1 | 11 | 6 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -18 | -6 | -5 | -3 | -2 | -1 | 1 | 1 | 11 | 6 | — |
Mar 2016
- 1,220
- 1,379
- Operating Profit
- -143
- OPM %
- -12
- Other Income
- 16
- Interest
- 425
- Depreciation
- 122
- -690
- Tax %
- 0
- Net Profit
- -690
- EPS
- -93
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -18
Mar 2017
- 1,702
- 1,815
- Operating Profit
- -92
- OPM %
- -5
- Other Income
- 21
- Interest
- 46
- Depreciation
- 118
- -256
- Tax %
- 0
- Net Profit
- -256
- EPS
- -31
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -6
Mar 2018
- 2,389
- 2,483
- Operating Profit
- -76
- OPM %
- -3
- Other Income
- 18
- Interest
- 34
- Depreciation
- 107
- -257
- Tax %
- 0
- Net Profit
- -257
- EPS
- -27
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2019
- 3,077
- 3,058
- Operating Profit
- 60
- OPM %
- 2
- Other Income
- 40
- Interest
- 112
- Depreciation
- 102
- -154
- Tax %
- 0
- Net Profit
- -154
- EPS
- -16
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2020
- 2,912
- 2,882
- Operating Profit
- 91
- OPM %
- 3
- Other Income
- 60
- Interest
- 103
- Depreciation
- 97
- -114
- Tax %
- 0
- Net Profit
- -114
- EPS
- -11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2021
- 2,785
- 2,690
- Operating Profit
- 106
- OPM %
- 4
- Other Income
- 11
- Interest
- 88
- Depreciation
- 94
- -76
- Tax %
- 0
- Net Profit
- -76
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 4,693
- 4,484
- Operating Profit
- 238
- OPM %
- 5
- Other Income
- 30
- Interest
- 99
- Depreciation
- 91
- 48
- Tax %
- 0
- Net Profit
- 48
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 6,125
- 5,869
- Operating Profit
- 292
- OPM %
- 5
- Other Income
- 35
- Interest
- 89
- Depreciation
- 98
- 105
- Tax %
- 45
- Net Profit
- 58
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2024
- 6,414
- 5,783
- Operating Profit
- 1,121
- OPM %
- 17
- Other Income
- 491
- Interest
- 73
- Depreciation
- 86
- 963
- Tax %
- 9
- Net Profit
- 880
- EPS
- 54
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2025
- 6,351
- 5,489
- Operating Profit
- 934
- OPM %
- 15
- Other Income
- 73
- Interest
- 63
- Depreciation
- 94
- 778
- Tax %
- 28
- Net Profit
- 558
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
TTM
- 5,786
- 5,265
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 64
- Depreciation
- 111
- 412
- Tax %
- 29
- Net Profit
- 293
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 41%
- 5 Years:
- 39%
- 3 Years:
- 14%
- 1 Year:
- -37%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 794 | 2,886 | 3,453 | 2,024 | 2,802 | 2,855 | 2,583 | 234 | 169 | 410 | |
| Trade Payables | 799 | 581 | 641 | 670 | 690 | 750 | 819 | 899 | 870 | 714 |
| 2,914 | 992 | 279 | 1,798 | 854 | 843 | 940 | 1,025 | 625 | 642 | |
| Total Liabilities | 3,626 | 3,221 | 2,947 | 2,913 | 2,688 | 2,715 | 2,678 | 2,669 | 3,147 | 3,891 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 3,528 | 3,602 | 3,510 | 3,638 | 3,464 | 3,433 | 3,169 | 860 | 472 | 558 |
| Net Working Capital | -809 | -3,311 | -3,285 | -1,773 | -2,732 | -2,860 | -2,706 | -365 | 11 | 414 |
| Contingent Liabilities | 474 | 543 | 501 | 324 | 426 | 410 | 386 | 2,195 | 356 | 276 |
| Book Value per Share | -113.42 | -143.51 | -148.02 | -163.92 | -150.12 | -156.92 | -150.55 | 35.19 | 90.62 | 23.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 |
| Total Debt | 3,528 | 3,602 | 3,510 | 3,638 | 3,464 | 3,433 | 3,169 | 860 | 472 | 558 |
| Net Working Capital | -809 | -3,311 | -3,285 | -1,773 | -2,732 | -2,860 | -2,706 | -365 | 11 | 414 |
| Contingent Liabilities | 474 | 543 | 501 | 324 | 426 | 410 | 386 | 2,195 | 356 | 276 |
| Book Value per Share | -113.42 | -143.51 | -148.02 | -163.92 | -150.12 | -156.92 | -150.55 | 35.19 | 90.62 | 23.29 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 |
Mar 2016
- Equity Capital
- 78
- -960
- 794
- Trade Payables
- 799
- 2,914
- Total Liabilities
- 3,626
- 1,691
- Capital Work in Progress
- 130
- 2
- 528
- 0
- Cash & Bank
- 17
- 1,258
- Total Assets
- 3,626
- Total Debt
- 3,528
- Net Working Capital
- -809
- Contingent Liabilities
- 474
- Book Value per Share
- -113.42
- Face Value
- 10.00
- Total Debt
- 3,528
- Net Working Capital
- -809
- Contingent Liabilities
- 474
- Book Value per Share
- -113.42
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 86
- -1,324
- 2,886
- Trade Payables
- 581
- 992
- Total Liabilities
- 3,221
- 1,583
- Capital Work in Progress
- 94
- 2
- 460
- 0
- Cash & Bank
- 14
- 1,068
- Total Assets
- 3,221
- Total Debt
- 3,602
- Net Working Capital
- -3,311
- Contingent Liabilities
- 543
- Book Value per Share
- -143.51
- Face Value
- 10.00
- Total Debt
- 3,602
- Net Working Capital
- -3,311
- Contingent Liabilities
- 543
- Book Value per Share
- -143.51
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 96
- -1,523
- 3,453
- Trade Payables
- 641
- 279
- Total Liabilities
- 2,947
- 1,409
- Capital Work in Progress
- 119
- 1
- 488
- 0
- Cash & Bank
- 8
- 921
- Total Assets
- 2,947
- Total Debt
- 3,510
- Net Working Capital
- -3,285
- Contingent Liabilities
- 501
- Book Value per Share
- -148.02
- Face Value
- 10.00
- Total Debt
- 3,510
- Net Working Capital
- -3,285
- Contingent Liabilities
- 501
- Book Value per Share
- -148.02
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 96
- -1,676
- 2,024
- Trade Payables
- 670
- 1,798
- Total Liabilities
- 2,913
- 1,324
- Capital Work in Progress
- 79
- 1
- 496
- 0
- Cash & Bank
- 7
- 1,005
- Total Assets
- 2,913
- Total Debt
- 3,638
- Net Working Capital
- -1,773
- Contingent Liabilities
- 324
- Book Value per Share
- -163.92
- Face Value
- 10.00
- Total Debt
- 3,638
- Net Working Capital
- -1,773
- Contingent Liabilities
- 324
- Book Value per Share
- -163.92
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 110
- -1,768
- 2,802
- Trade Payables
- 690
- 854
- Total Liabilities
- 2,688
- 1,238
- Capital Work in Progress
- 98
- 1
- 579
- 0
- Cash & Bank
- 23
- 750
- Total Assets
- 2,688
- Total Debt
- 3,464
- Net Working Capital
- -2,732
- Contingent Liabilities
- 426
- Book Value per Share
- -150.12
- Face Value
- 10.00
- Total Debt
- 3,464
- Net Working Capital
- -2,732
- Contingent Liabilities
- 426
- Book Value per Share
- -150.12
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 110
- -1,844
- 2,855
- Trade Payables
- 750
- 843
- Total Liabilities
- 2,715
- 1,181
- Capital Work in Progress
- 102
- 1
- 699
- 0
- Cash & Bank
- 26
- 706
- Total Assets
- 2,715
- Total Debt
- 3,433
- Net Working Capital
- -2,860
- Contingent Liabilities
- 410
- Book Value per Share
- -156.92
- Face Value
- 10.00
- Total Debt
- 3,433
- Net Working Capital
- -2,860
- Contingent Liabilities
- 410
- Book Value per Share
- -156.92
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 110
- -1,773
- 2,583
- Trade Payables
- 819
- 940
- Total Liabilities
- 2,678
- 1,165
- Capital Work in Progress
- 52
- 1
- 758
- 0
- Cash & Bank
- 22
- 680
- Total Assets
- 2,678
- Total Debt
- 3,169
- Net Working Capital
- -2,706
- Contingent Liabilities
- 386
- Book Value per Share
- -150.55
- Face Value
- 10.00
- Total Debt
- 3,169
- Net Working Capital
- -2,706
- Contingent Liabilities
- 386
- Book Value per Share
- -150.55
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 145
- 366
- 234
- Trade Payables
- 899
- 1,025
- Total Liabilities
- 2,669
- 1,132
- Capital Work in Progress
- 69
- 1
- 821
- 0
- Cash & Bank
- 51
- 595
- Total Assets
- 2,669
- Total Debt
- 860
- Net Working Capital
- -365
- Contingent Liabilities
- 2,195
- Book Value per Share
- 35.19
- Face Value
- 10.00
- Total Debt
- 860
- Net Working Capital
- -365
- Contingent Liabilities
- 2,195
- Book Value per Share
- 35.19
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 164
- 1,319
- 169
- Trade Payables
- 870
- 625
- Total Liabilities
- 3,147
- 1,382
- Capital Work in Progress
- 116
- 1
- 950
- 242
- Cash & Bank
- 91
- 366
- Total Assets
- 3,147
- Total Debt
- 472
- Net Working Capital
- 11
- Contingent Liabilities
- 356
- Book Value per Share
- 90.62
- Face Value
- 10.00
- Total Debt
- 472
- Net Working Capital
- 11
- Contingent Liabilities
- 356
- Book Value per Share
- 90.62
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 182
- 1,942
- 410
- Trade Payables
- 714
- 642
- Total Liabilities
- 3,891
- 1,614
- Capital Work in Progress
- 127
- 1
- 1,248
- 430
- Cash & Bank
- 126
- 344
- Total Assets
- 3,891
- Total Debt
- 558
- Net Working Capital
- 414
- Contingent Liabilities
- 276
- Book Value per Share
- 23.29
- Face Value
- 2.00
- Total Debt
- 558
- Net Working Capital
- 414
- Contingent Liabilities
- 276
- Book Value per Share
- 23.29
- Face Value
- 2.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -174 | -104 | 66 | 40 | 291 | 143 | 463 | 321 | 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 | |
| Free Cash Flow | -223 | -104 | 66 | 40 | 274 | 105 | 439 | 321 | 534 | -26 |
| OCF / Net Profit | 0.25 | 0.41 | -0.26 | -0.26 | -2.54 | -1.89 | 9.63 | 5.55 | 0.95 | 0.56 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 52 | 380 | 924 | 1,179 | 1,672 | 1,373 |
| OCF / Net Profit | 0.25 | 0.41 | -0.26 | -0.26 | -2.54 | -1.89 | 9.63 | 5.55 | 0.95 | 0.56 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 52 | 380 | 924 | 1,179 | 1,672 | 1,373 |
Mar 2016
- -174
- Cash from Investing
- 4
- Cash from Financing
- 158
- -11
- Free Cash Flow
- -223
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- 0
Mar 2017
- -104
- Cash from Investing
- 26
- Cash from Financing
- 78
- 0
- Free Cash Flow
- -104
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.41
- Cumulative 5-Year FCF
- 0
Mar 2018
- 66
- Cash from Investing
- -12
- Cash from Financing
- -48
- 5
- Free Cash Flow
- 66
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
Mar 2019
- 40
- Cash from Investing
- 7
- Cash from Financing
- -48
- -0
- Free Cash Flow
- 40
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.26
- Cumulative 5-Year FCF
- 0
Mar 2020
- 291
- Cash from Investing
- -37
- Cash from Financing
- -250
- 4
- Free Cash Flow
- 274
- OCF / Net Profit
- -2.54
- Cumulative 5-Year FCF
- 52
- OCF / Net Profit
- -2.54
- Cumulative 5-Year FCF
- 52
Mar 2021
- 143
- Cash from Investing
- -40
- Cash from Financing
- -89
- 15
- Free Cash Flow
- 105
- OCF / Net Profit
- -1.89
- Cumulative 5-Year FCF
- 380
- OCF / Net Profit
- -1.89
- Cumulative 5-Year FCF
- 380
Mar 2022
- 463
- Cash from Investing
- -124
- Cash from Financing
- -351
- -12
- Free Cash Flow
- 439
- OCF / Net Profit
- 9.63
- Cumulative 5-Year FCF
- 924
- OCF / Net Profit
- 9.63
- Cumulative 5-Year FCF
- 924
Mar 2023
- 321
- Cash from Investing
- -119
- Cash from Financing
- -192
- 10
- Free Cash Flow
- 321
- OCF / Net Profit
- 5.55
- Cumulative 5-Year FCF
- 1,179
- OCF / Net Profit
- 5.55
- Cumulative 5-Year FCF
- 1,179
Mar 2024
- 839
- Cash from Investing
- -398
- Cash from Financing
- -416
- 24
- Free Cash Flow
- 534
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 1,672
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 1,672
Mar 2025
- 311
- Cash from Investing
- -352
- Cash from Financing
- 88
- 47
- Free Cash Flow
- -26
- OCF / Net Profit
- 0.56
- Cumulative 5-Year FCF
- 1,373
- OCF / Net Profit
- 0.56
- Cumulative 5-Year FCF
- 1,373
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -88.69 | -29.64 | -26.63 | -15.94 | -10.35 | -6.86 | 4.35 | 3.98 | 53.75 | 6.12 |
| Book Value (₹) | -113.42 | -143.51 | -148.02 | -163.92 | -150.12 | -156.92 | -150.55 | 35.19 | 90.62 | 23.29 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -14.59 | -3.20 | -3.10 | -1.08 | -0.32 | 0.33 | 2.52 | 2.14 | 11.80 | 7.14 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -10.68% | -4.97% | -3.12% | 1.93% | 3.12% | 3.81% | 5.06% | 4.73% | 9.76% | 13.50% |
| Net Margin % | -51.56% | -13.86% | -10.58% | -4.99% | -3.93% | -2.72% | 1.02% | 0.94% | 13.62% | 8.74% |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 88.19% | 30.93% |
| ROCE % | -9.59% | -8.34% | -10.01% | -2.03% | -0.60% | 0.70% | 9.16% | 13.27% | 61.07% | 36.09% |
| -18.61% | -7.47% | -8.32% | -5.24% | -4.08% | -2.81% | 1.78% | 2.16% | 30.25% | 15.85% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 206 | 122 | 67 | 47 | 43 | 35 | 16 | 11 | 13 | 19 |
| Inventory Days | 144 | 98 | 71 | 58 | 67 | 84 | 56 | 47 | 50 | 63 |
| Payable Days | 245 | 164 | 117 | 100 | 111 | 127 | 86 | 73 | 78 | 71 |
| 105 | 55 | 21 | 6 | -1 | -9 | -14 | -15 | -15 | 11 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | -4.00x | -2.91x | -2.46x | -2.30x | -2.09x | -1.98x | -1.91x | 1.68x | 0.32x | 0.26x |
| Interest Coverage (x) | -0.62x | -4.50x | -6.57x | -0.38x | -0.11x | 0.14x | 1.49x | 2.18x | 14.28x | 13.42x |
| 0.68x | 0.30x | 0.29x | 0.44x | 0.31x | 0.31x | 0.33x | 0.79x | 1.01x | 1.27x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -18.96% | 39.49% | 40.39% | 28.80% | -5.37% | -4.36% | 68.48% | 30.53% | 4.71% | -0.98% |
| Operating Profit Growth % | -3898.41% | 35.86% | 17.46% | 178.67% | 52.91% | 16.72% | 124.26% | 22.48% | 284.38% | -16.67% |
| Net Profit Growth % | -69.85% | 62.93% | -0.38% | 40.12% | 25.60% | 33.69% | 163.39% | 20.31% | 1421.09% | -36.57% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1251.94% | -88.62% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.44x | 22.56x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 10.21x | 5.92x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.84x | 13.93x |
Mar 2016
- EPS (₹)
- -88.69
- Book Value (₹)
- -113.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -14.59
- Operating Margin %
- -10.68%
- Net Margin %
- -51.56%
- ROE %
- 0.00%
- ROCE %
- -9.59%
- -18.61%
- Debtor Days
- 206
- Inventory Days
- 144
- Payable Days
- 245
- 105
- Debt to Equity (x)
- -4.00x
- Interest Coverage (x)
- -0.62x
- 0.68x
- Revenue Growth %
- -18.96%
- Operating Profit Growth %
- -3898.41%
- Net Profit Growth %
- -69.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -29.64
- Book Value (₹)
- -143.51
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.20
- Operating Margin %
- -4.97%
- Net Margin %
- -13.86%
- ROE %
- 0.00%
- ROCE %
- -8.34%
- -7.47%
- Debtor Days
- 122
- Inventory Days
- 98
- Payable Days
- 164
- 55
- Debt to Equity (x)
- -2.91x
- Interest Coverage (x)
- -4.50x
- 0.30x
- Revenue Growth %
- 39.49%
- Operating Profit Growth %
- 35.86%
- Net Profit Growth %
- 62.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -26.63
- Book Value (₹)
- -148.02
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.10
- Operating Margin %
- -3.12%
- Net Margin %
- -10.58%
- ROE %
- 0.00%
- ROCE %
- -10.01%
- -8.32%
- Debtor Days
- 67
- Inventory Days
- 71
- Payable Days
- 117
- 21
- Debt to Equity (x)
- -2.46x
- Interest Coverage (x)
- -6.57x
- 0.29x
- Revenue Growth %
- 40.39%
- Operating Profit Growth %
- 17.46%
- Net Profit Growth %
- -0.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -15.94
- Book Value (₹)
- -163.92
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.08
- Operating Margin %
- 1.93%
- Net Margin %
- -4.99%
- ROE %
- 0.00%
- ROCE %
- -2.03%
- -5.24%
- Debtor Days
- 47
- Inventory Days
- 58
- Payable Days
- 100
- 6
- Debt to Equity (x)
- -2.30x
- Interest Coverage (x)
- -0.38x
- 0.44x
- Revenue Growth %
- 28.80%
- Operating Profit Growth %
- 178.67%
- Net Profit Growth %
- 40.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -10.35
- Book Value (₹)
- -150.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.32
- Operating Margin %
- 3.12%
- Net Margin %
- -3.93%
- ROE %
- 0.00%
- ROCE %
- -0.60%
- -4.08%
- Debtor Days
- 43
- Inventory Days
- 67
- Payable Days
- 111
- -1
- Debt to Equity (x)
- -2.09x
- Interest Coverage (x)
- -0.11x
- 0.31x
- Revenue Growth %
- -5.37%
- Operating Profit Growth %
- 52.91%
- Net Profit Growth %
- 25.60%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -6.86
- Book Value (₹)
- -156.92
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.33
- Operating Margin %
- 3.81%
- Net Margin %
- -2.72%
- ROE %
- 0.00%
- ROCE %
- 0.70%
- -2.81%
- Debtor Days
- 35
- Inventory Days
- 84
- Payable Days
- 127
- -9
- Debt to Equity (x)
- -1.98x
- Interest Coverage (x)
- 0.14x
- 0.31x
- Revenue Growth %
- -4.36%
- Operating Profit Growth %
- 16.72%
- Net Profit Growth %
- 33.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.35
- Book Value (₹)
- -150.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.52
- Operating Margin %
- 5.06%
- Net Margin %
- 1.02%
- ROE %
- 0.00%
- ROCE %
- 9.16%
- 1.78%
- Debtor Days
- 16
- Inventory Days
- 56
- Payable Days
- 86
- -14
- Debt to Equity (x)
- -1.91x
- Interest Coverage (x)
- 1.49x
- 0.33x
- Revenue Growth %
- 68.48%
- Operating Profit Growth %
- 124.26%
- Net Profit Growth %
- 163.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.98
- Book Value (₹)
- 35.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.14
- Operating Margin %
- 4.73%
- Net Margin %
- 0.94%
- ROE %
- 0.00%
- ROCE %
- 13.27%
- 2.16%
- Debtor Days
- 11
- Inventory Days
- 47
- Payable Days
- 73
- -15
- Debt to Equity (x)
- 1.68x
- Interest Coverage (x)
- 2.18x
- 0.79x
- Revenue Growth %
- 30.53%
- Operating Profit Growth %
- 22.48%
- Net Profit Growth %
- 20.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 53.75
- Book Value (₹)
- 90.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.80
- Operating Margin %
- 9.76%
- Net Margin %
- 13.62%
- ROE %
- 88.19%
- ROCE %
- 61.07%
- 30.25%
- Debtor Days
- 13
- Inventory Days
- 50
- Payable Days
- 78
- -15
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 14.28x
- 1.01x
- Revenue Growth %
- 4.71%
- Operating Profit Growth %
- 284.38%
- Net Profit Growth %
- 1421.09%
- 1251.94%
- P/E (x)
- 3.44x
- P/B (x)
- 10.21x
- Dividend Yield %
- 0.00%
- 13.84x
Mar 2025
- EPS (₹)
- 6.12
- Book Value (₹)
- 23.29
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.14
- Operating Margin %
- 13.50%
- Net Margin %
- 8.74%
- ROE %
- 30.93%
- ROCE %
- 36.09%
- 15.85%
- Debtor Days
- 19
- Inventory Days
- 63
- Payable Days
- 71
- 11
- Debt to Equity (x)
- 0.26x
- Interest Coverage (x)
- 13.42x
- 1.27x
- Revenue Growth %
- -0.98%
- Operating Profit Growth %
- -16.67%
- Net Profit Growth %
- -36.57%
- -88.62%
- P/E (x)
- 22.56x
- P/B (x)
- 5.92x
- Dividend Yield %
- 0.00%
- 13.93x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Jai Balaji Industries Limited has informed the Exchange about Transcript
- Copy of Newspaper Publication
2026-08-17 - Jai Balaji Industries Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2025
Mar 2025