WEBSITE BSE:532976 NSE : JAIBALA IND 10 May, 16:01
Market Cap ₹15289 Cr.
Stock P/E 16.2
P/B 10.1
Current Price ₹886.6
Book Value ₹ 87.7
Face Value 10
52W High ₹1307
Dividend Yield 0%
52W Low ₹ 73.1
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.
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| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1280 | 1348 | 1495 | 1369 | 1537 | 1724 | 1483 | 1547 | 1539 | 1846 |
| Other Income | 8 | 21 | 7 | 5 | 2 | 21 | 8 | 28 | 23 | 156 |
| Total Income | 1287 | 1369 | 1502 | 1374 | 1539 | 1745 | 1490 | 1574 | 1562 | 2002 |
| Total Expenditure | 1228 | 1310 | 1435 | 1307 | 1467 | 1661 | 1277 | 1333 | 1292 | 1605 |
| Operating Profit | 59 | 59 | 67 | 67 | 73 | 85 | 213 | 241 | 270 | 397 |
| Interest | 24 | 29 | 21 | 22 | 20 | 26 | 21 | 19 | 15 | 18 |
| Depreciation | 23 | 23 | 24 | 25 | 25 | 25 | 21 | 21 | 21 | 23 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 12 | 7 | 22 | 21 | 28 | 34 | 170 | 202 | 235 | 357 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 47 | 0 | 0 | 0 | 84 |
| Profit After Tax | 12 | 7 | 22 | 21 | 28 | -13 | 170 | 202 | 235 | 273 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | 12 | 7 | 22 | 21 | 28 | -13 | 170 | 202 | 235 | 273 |
| Adjusted Earnings Per Share | 1.1 | 0.6 | 2 | 1.7 | 1.9 | -0.9 | 11 | 12.6 | 14.6 | 16.7 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1545 | 1972 | 1506 | 1220 | 1702 | 2389 | 3077 | 2912 | 2785 | 4693 | 6125 | 6415 |
| Other Income | 23 | 23 | 37 | 16 | 21 | 18 | 40 | 60 | 11 | 30 | 35 | 215 |
| Total Income | 1568 | 1995 | 1542 | 1236 | 1723 | 2407 | 3117 | 2973 | 2796 | 4722 | 6161 | 6628 |
| Total Expenditure | 1625 | 1946 | 1539 | 1379 | 1815 | 2483 | 3058 | 2882 | 2690 | 4484 | 5869 | 5507 |
| Operating Profit | -57 | 49 | 4 | -143 | -92 | -76 | 60 | 91 | 106 | 238 | 292 | 1121 |
| Interest | 185 | 345 | 384 | 425 | 46 | 34 | 112 | 103 | 88 | 99 | 89 | 73 |
| Depreciation | 92 | 143 | 134 | 122 | 118 | 107 | 102 | 97 | 94 | 91 | 98 | 86 |
| Exceptional Income / Expenses | 0 | 0 | -3 | 0 | 0 | -40 | 0 | -6 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -334 | -440 | -518 | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 105 | 964 |
| Provision for Tax | -111 | -106 | -111 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 84 |
| Profit After Tax | -224 | -333 | -406 | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 58 | 880 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -224 | -333 | -406 | -690 | -256 | -257 | -154 | -114 | -76 | 48 | 58 | 880 |
| Adjusted Earnings Per Share | -35 | -49.5 | -55 | -88.7 | -29.6 | -26.6 | -15.9 | -10.4 | -6.9 | 4.4 | 4 | 54.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 31% | 28% | 21% | 15% |
| Operating Profit CAGR | 23% | 47% | 0% | 0% |
| PAT CAGR | 21% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 1063% | 154% | 98% | 47% |
| ROE Average | 0% | 0% | 0% | -12% |
| ROCE Average | 13% | 8% | 4% | -2% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 531 | 221 | -196 | -877 | -1236 | -1427 | -1580 | -1658 | -1733 | -1663 | 556 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1759 | 1708 | 2039 | 2319 | 53 | 57 | 1614 | 662 | 578 | 586 | 626 |
| Other Non-Current Liabilities | -86 | -190 | -307 | -307 | -307 | -291 | -291 | -291 | -290 | -290 | -261 |
| Total Current Liabilities | 1828 | 2191 | 2249 | 2491 | 4710 | 4607 | 3170 | 3975 | 4161 | 4045 | 1748 |
| Total Liabilities | 4032 | 3930 | 3786 | 3626 | 3221 | 2947 | 2913 | 2688 | 2715 | 2678 | 2669 |
| Fixed Assets | 2094 | 1953 | 1809 | 1691 | 1583 | 1409 | 1324 | 1238 | 1181 | 1165 | 1132 |
| Other Non-Current Assets | 266 | 257 | 250 | 252 | 239 | 216 | 192 | 206 | 233 | 174 | 166 |
| Total Current Assets | 1672 | 1720 | 1727 | 1682 | 1399 | 1322 | 1397 | 1244 | 1301 | 1339 | 1372 |
| Total Assets | 4032 | 3930 | 3786 | 3626 | 3221 | 2947 | 2913 | 2688 | 2715 | 2678 | 2669 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 6 | 12 | 4 | 18 | 6 | 2 | 7 | 7 | 11 | 26 | 13 |
| Cash Flow from Operating Activities | -35 | -33 | -61 | -174 | -104 | 66 | 40 | 291 | 143 | 463 | 321 |
| Cash Flow from Investing Activities | -22 | 19 | 32 | 4 | 26 | -12 | 7 | -37 | -40 | -124 | -118 |
| Cash Flow from Financing Activities | 63 | 7 | 43 | 158 | 78 | -48 | -48 | -250 | -89 | -351 | -192 |
| Net Cash Inflow / Outflow | 6 | -8 | 14 | -11 | 0 | 5 | -0 | 4 | 15 | -12 | 11 |
| Closing Cash & Cash Equivalent | 12 | 4 | 18 | 6 | 7 | 7 | 7 | 11 | 26 | 13 | 24 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -35.05 | -49.53 | -55.05 | -88.69 | -29.64 | -26.63 | -15.94 | -10.35 | -6.86 | 4.35 | 3.98 |
| CEPS(Rs) | -20.65 | -28.22 | -36.88 | -72.97 | -16.01 | -15.49 | -5.4 | -1.59 | 1.65 | 12.62 | 10.71 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 78.94 | 27.92 | -26.62 | -113.42 | -143.51 | -148.02 | -163.92 | -150.12 | -156.92 | -150.55 | 35.19 |
| Core EBITDA Margin(%) | -4.72 | 1.22 | -2.03 | -11.89 | -6.11 | -3.86 | 0.64 | 1.06 | 3.42 | 4.44 | 4.18 |
| EBIT Margin(%) | -8.8 | -4.43 | -8.24 | -19.82 | -11.34 | -9.19 | -1.37 | -0.4 | 0.44 | 3.13 | 3.16 |
| Pre Tax Margin(%) | -19.71 | -20.63 | -31.93 | -51.56 | -13.86 | -10.58 | -4.99 | -3.93 | -2.72 | 1.02 | 1.71 |
| PAT Margin (%) | -13.18 | -15.63 | -25.06 | -51.56 | -13.86 | -10.58 | -4.99 | -3.93 | -2.72 | 1.02 | 0.94 |
| Cash Profit Margin (%) | -7.76 | -8.91 | -16.78 | -42.42 | -7.49 | -6.16 | -1.69 | -0.6 | 0.65 | 2.97 | 2.54 |
| ROA(%) | -5.51 | -8.37 | -10.53 | -18.61 | -7.47 | -8.32 | -5.24 | -4.08 | -2.81 | 1.78 | 2.16 |
| ROE(%) | -36.33 | -96.39 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -5.1 | -3.22 | -4.62 | -9.59 | -8.34 | -10.01 | -2.03 | -0.6 | 0.7 | 9.16 | 13.27 |
| Receivable days | 129.21 | 128.43 | 176.69 | 205.71 | 121.59 | 67.13 | 47.06 | 42.52 | 34.62 | 15.56 | 11.48 |
| Inventory Days | 158.25 | 99.66 | 120.27 | 144.13 | 97.66 | 71.35 | 58.38 | 67.34 | 83.73 | 56.67 | 47.06 |
| Payable days | 227.54 | 184.52 | 221.9 | 244.72 | 163.96 | 117.03 | 99.76 | 110.86 | 127.06 | 86.13 | 72.91 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.05 | 11.45 |
| Price/Book(x) | 0.38 | 0.37 | -0.43 | -0.06 | -0.12 | -0.08 | -0.17 | -0.11 | -0.25 | -0.29 | 1.29 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.67 | 1.38 | 2.08 | 2.92 | 2.19 | 1.52 | 1.27 | 1.25 | 1.38 | 0.77 | 0.24 |
| EV/Core EBITDA(x) | -45.14 | 55.61 | 831.18 | -24.95 | -40.72 | -47.86 | 65.6 | 39.85 | 36.09 | 15.24 | 5.04 |
| Net Sales Growth(%) | -47.74 | 27.64 | -23.64 | -18.96 | 39.49 | 40.39 | 28.8 | -5.37 | -4.36 | 68.48 | 30.53 |
| EBIT Growth(%) | -117.49 | 36.69 | -41.36 | -98.61 | 21.09 | -6.47 | 81.1 | 72.55 | 205.72 | 1102.28 | 31.96 |
| PAT Growth(%) | 20.92 | -49.06 | -21.9 | -69.85 | 62.93 | -0.38 | 40.12 | 25.6 | 33.69 | 163.39 | 20.32 |
| EPS Growth(%) | 20.93 | -41.32 | -11.15 | -61.11 | 66.58 | 10.15 | 40.12 | 35.08 | 33.69 | 163.39 | -8.63 |
| Debt/Equity(x) | 4.84 | 14.26 | -15.67 | -4 | -2.91 | -2.46 | -2.3 | -2.09 | -1.98 | -1.91 | 1.68 |
| Current Ratio(x) | 0.91 | 0.79 | 0.77 | 0.68 | 0.3 | 0.29 | 0.44 | 0.31 | 0.31 | 0.33 | 0.78 |
| Quick Ratio(x) | 0.57 | 0.54 | 0.53 | 0.46 | 0.2 | 0.18 | 0.28 | 0.17 | 0.14 | 0.14 | 0.31 |
| Interest Cover(x) | -0.81 | -0.27 | -0.35 | -0.62 | -4.5 | -6.57 | -0.38 | -0.11 | 0.14 | 1.49 | 2.18 |
| Total Debt/Mcap(x) | 12.74 | 38.84 | 36.36 | 64.52 | 25 | 29.71 | 13.32 | 18.67 | 8.06 | 6.56 | 1.3 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.98 | 50.98 | 50.98 | 53.77 | 55.9 | 55.9 | 58.74 | 60.02 | 60.02 | 60.8 |
| FII | 3.46 | 3.47 | 0.01 | 0 | 0 | 0 | 0.09 | 0.67 | 2.57 | 3.05 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0 | 0 | 0.07 |
| Public | 45.56 | 45.56 | 49.02 | 46.23 | 44.1 | 44.1 | 41.12 | 39.3 | 37.41 | 36.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 5.63 | 5.63 | 5.63 | 6.88 | 8.13 | 8.13 | 9.13 | 9.63 | 9.63 | 9.95 |
| FII | 0.38 | 0.38 | 0 | 0 | 0 | 0 | 0.01 | 0.11 | 0.41 | 0.5 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.01 |
| Public | 5.03 | 5.03 | 5.41 | 5.91 | 6.41 | 6.41 | 6.39 | 6.31 | 6 | 5.9 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11.05 | 11.05 | 11.05 | 12.8 | 14.55 | 14.55 | 15.55 | 16.05 | 16.05 | 16.37 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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