Jai Balaji Inds

₹1035.3 -29 | 2.7%

WEBSITE BSE:532976 NSE : JAIBALA IND 13 Sep, 16:01

Market Cap ₹18889 Cr.

Stock P/E 18.6

P/B 10.6

Current Price ₹1035.3

Book Value ₹ 97.4

Face Value 10

52W High ₹1307

Dividend Yield 0%

52W Low ₹ 347

Edit Ratio

Jai Balaji Inds Research see more...

Overview Inc. Year: 1999Industry: Steel/Sponge Iron/Pig Iron

Jai Balaji Industries Ltd is engaged inside the production of iron and metal products. The Company offers various products, which include sponge iron, pig iron, ductile iron pipe, ferro chrome, wire rods, moderate metallic billets, thermo mechanically treated (TMT), coke and sinter. The Company is an included metallic plant with 5 production centres positioned in Durgapur and Raniganj in West Bengal and Durg in Chhattisgarh. It offers TMT bars under the Balaji Shakti Thermex TMT Bar brand. The Company's actual manufacturing abilties encompass about 4,45,000 tons/annum of direct reduced iron (DRI); over 509,250 tons per annum of pig iron; approximately 106,000 tons/annum of ferro alloys; over 10,20,430 tons/annum of alloy and MS billets; approximately 360,000 tons/annum of reinforcement steel bars and wire rods, and over 40,000 tons/annum of ductile iron pipes. It manufactures diverse grades of pig iron, which include steel grade pig iron and foundry grade pig iron.

Jai Balaji Inds Share Price

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Peer Comparison

Jai Balaji Inds Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	1348	1495	1369	1537	1724	1483	1547	1539	1846	1718
Other Income	21	7	5	2	21	8	28	23	156	10
Total Income	1369	1502	1374	1539	1745	1490	1574	1562	2002	1728
Total Expenditure	1310	1435	1307	1467	1661	1277	1333	1292	1605	1403
Operating Profit	59	67	67	73	85	213	241	270	397	325
Interest	29	21	22	20	26	21	19	15	18	16
Depreciation	23	24	25	25	25	21	21	21	23	22
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	7	22	21	28	34	170	202	235	357	287
Provision for Tax	0	0	0	0	47	0	0	0	84	78
Profit After Tax	7	22	21	28	-13	170	202	235	273	209
Adjustments	0	0	-0	0	0	0	0	-0	-0	0
Profit After Adjustments	7	22	21	28	-13	170	202	235	273	209
Adjusted Earnings Per Share	0.6	2	1.7	1.9	-0.9	11	12.6	14.6	16.7	11.8

Jai Balaji Inds Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1972	1506	1220	1702	2389	3077	2912	2785	4693	6125	6414	6650
Other Income	23	37	16	21	18	40	60	11	30	35	491	217
Total Income	1995	1542	1236	1723	2407	3117	2973	2796	4722	6161	6905	6866
Total Expenditure	1946	1539	1379	1815	2483	3058	2882	2690	4484	5869	5783	5633
Operating Profit	49	4	-143	-92	-76	60	91	106	238	292	1121	1233
Interest	345	384	425	46	34	112	103	88	99	89	73	68
Depreciation	143	134	122	118	107	102	97	94	91	98	86	87
Exceptional Income / Expenses	0	-3	0	0	-40	0	-6	0	0	0	0	0
Profit Before Tax	-440	-518	-690	-256	-257	-154	-114	-76	48	105	963	1081
Provision for Tax	-106	-111	0	0	0	0	0	0	0	47	84	162
Profit After Tax	-333	-406	-690	-256	-257	-154	-114	-76	48	58	880	919
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-333	-406	-690	-256	-257	-154	-114	-76	48	58	880	919
Adjusted Earnings Per Share	-49.5	-55	-88.7	-29.6	-26.6	-15.9	-10.4	-6.9	4.4	4	53.7	55.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	32%	16%	13%
Operating Profit CAGR	284%	119%	80%	37%
PAT CAGR	1417%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	202%	168%	121%	49%
ROE Average	88%	29%	18%	-1%
ROCE Average	61%	28%	17%	4%

Jai Balaji Inds Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	221	-196	-877	-1236	-1427	-1580	-1658	-1733	-1663	556	1504
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1708	2039	2319	53	57	1614	662	578	586	626	303
Other Non-Current Liabilities	-190	-307	-307	-307	-291	-291	-291	-290	-290	-250	-162
Total Current Liabilities	2191	2249	2491	4710	4607	3170	3975	4161	4045	1737	1502
Total Liabilities	3930	3786	3626	3221	2947	2913	2688	2715	2678	2669	3147
Fixed Assets	1953	1809	1691	1583	1409	1324	1238	1181	1165	1132	1382
Other Non-Current Assets	257	250	252	239	216	192	206	233	174	166	256
Total Current Assets	1720	1727	1682	1399	1322	1397	1244	1301	1339	1372	1509
Total Assets	3930	3786	3626	3221	2947	2913	2688	2715	2678	2669	3147

Jai Balaji Inds Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	12	4	18	6	2	7	7	11	26	13	23
Cash Flow from Operating Activities	-33	-61	-174	-104	66	40	291	143	463	321	839
Cash Flow from Investing Activities	19	32	4	26	-12	7	-37	-40	-124	-119	-398
Cash Flow from Financing Activities	7	43	158	78	-48	-48	-250	-89	-351	-192	-416
Net Cash Inflow / Outflow	-8	14	-11	0	5	-0	4	15	-12	10	24
Closing Cash & Cash Equivalent	4	18	6	7	7	7	11	26	13	23	48

Jai Balaji Inds Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	-49.53	-55.05	-88.69	-29.64	-26.63	-15.94	-10.35	-6.86	4.35	3.98	53.75
CEPS(Rs)	-28.22	-36.88	-72.97	-16.01	-15.49	-5.4	-1.59	1.65	12.62	10.71	58.98
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	27.92	-26.62	-113.42	-143.51	-148.02	-163.92	-150.12	-156.92	-150.55	35.19	90.62
Core EBITDA Margin(%)	1.22	-2.03	-11.89	-6.11	-3.86	0.64	1.06	3.42	4.44	4.16	9.76
EBIT Margin(%)	-4.43	-8.24	-19.82	-11.34	-9.19	-1.37	-0.4	0.44	3.13	3.14	16.04
Pre Tax Margin(%)	-20.63	-31.93	-51.56	-13.86	-10.58	-4.99	-3.93	-2.72	1.02	1.7	14.91
PAT Margin (%)	-15.63	-25.06	-51.56	-13.86	-10.58	-4.99	-3.93	-2.72	1.02	0.94	13.62
Cash Profit Margin (%)	-8.91	-16.78	-42.42	-7.49	-6.16	-1.69	-0.6	0.65	2.97	2.53	14.95
ROA(%)	-8.37	-10.53	-18.61	-7.47	-8.32	-5.24	-4.08	-2.81	1.78	2.16	30.25
ROE(%)	-96.39	0	0	0	0	0	0	0	0	0	88.19
ROCE(%)	-3.22	-4.62	-9.59	-8.34	-10.01	-2.03	-0.6	0.7	9.16	13.27	61.07
Receivable days	128.43	176.69	205.71	121.59	67.13	47.06	42.52	34.62	15.56	11.41	13.31
Inventory Days	99.66	120.27	144.13	97.66	71.35	58.38	67.34	83.73	56.67	46.74	50.05
Payable days	184.52	221.9	244.72	163.96	117.03	99.76	110.86	127.06	86.13	72.91	77.93
PER(x)	0	0	0	0	0	0	0	0	10.05	11.46	17.22
Price/Book(x)	0.37	-0.43	-0.06	-0.12	-0.08	-0.17	-0.11	-0.25	-0.29	1.29	10.21
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.38	2.08	2.92	2.19	1.52	1.27	1.25	1.38	0.77	0.24	2.42
EV/Core EBITDA(x)	55.61	831.18	-24.95	-40.72	-47.86	65.6	39.85	36.09	15.24	5.04	13.84
Net Sales Growth(%)	27.64	-23.64	-18.96	39.49	40.39	28.8	-5.37	-4.36	68.48	30.53	4.71
EBIT Growth(%)	36.69	-41.36	-98.61	21.09	-6.47	81.1	72.55	205.72	1102.28	31.96	434.42
PAT Growth(%)	-49.06	-21.9	-69.85	62.93	-0.38	40.12	25.6	33.69	163.39	20.31	1421.1
EPS Growth(%)	-41.32	-11.15	-61.11	66.58	10.15	40.12	35.08	33.69	163.39	-8.64	1251.95
Debt/Equity(x)	14.26	-15.67	-4	-2.91	-2.46	-2.3	-2.09	-1.98	-1.91	1.68	0.32
Current Ratio(x)	0.79	0.77	0.68	0.3	0.29	0.44	0.31	0.31	0.33	0.79	1
Quick Ratio(x)	0.54	0.53	0.46	0.2	0.18	0.28	0.17	0.14	0.14	0.32	0.37
Interest Cover(x)	-0.27	-0.35	-0.62	-4.5	-6.57	-0.38	-0.11	0.14	1.49	2.18	14.28
Total Debt/Mcap(x)	38.84	36.36	64.52	25	29.71	13.32	18.67	8.06	6.56	1.3	0.03

Jai Balaji Inds Shareholding Pattern

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	50.98	50.98	53.77	55.9	55.9	58.74	60.02	60.02	60.8	63.85
FII	3.47	0.01	0	0	0	0.09	0.67	2.57	3.05	2.92
DII	0	0	0	0	0	0.05	0	0	0.07	0.08
Public	45.56	49.02	46.23	44.1	44.1	41.12	39.3	37.41	36.07	33.14
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoter	5.63	5.63	6.88	8.13	8.13	9.13	9.63	9.63	9.95	11.33
FII	0.38	0	0	0	0	0.01	0.11	0.41	0.5	0.52
DII	0	0	0	0	0	0.01	0	0	0.01	0.01
Public	5.03	5.41	5.91	6.41	6.41	6.39	6.31	6	5.9	5.88
Others	0	0	0	0	0	0	0	0	0	0
Total	11.05	11.05	12.8	14.55	14.55	15.55	16.05	16.05	16.37	17.75

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 29%
Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Debtor days have increased from 72.91 to 77.93days.
Stock is trading at 10.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Jai Balaji Inds News

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Jai Balaji Inds

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Jai Balaji Inds Research see more...

Overview Inc. Year: 1999Industry: Steel/Sponge Iron/Pig Iron

Jai Balaji Inds Share Price

Alert Data

Quarterly Price

Peer Comparison

Jai Balaji Inds Quarterly Results

Jai Balaji Inds Profit & Loss

Growth Rates

Jai Balaji Inds Balance Sheet

Jai Balaji Inds Cash Flow

Jai Balaji Inds Ratios

Jai Balaji Inds Shareholding Pattern

Jai Balaji Inds News

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