MarketFriction

Jai Balaji Industries Ltd

NSE JAIBALAJI · BSE 532976 · Iron & Steel
₹61.72 -0.84%
NSE close2026-10-01
52 week range53.65 - 102.00
Market cap₹5,779 Cr.
P/E39.5
Microcap 250 Price band 5% Delivery 79.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5471,5391,8461,7181,5571,4861,5901,3571,3531,3291,7451,683
Expenses1,3331,2921,6051,4031,3281,2961,4571,2301,2811,2741,6531,531
Operating Profit213247241316228190133127725492151
OPM %14%16%13%18%15%13%8%9%5%4.1%5%9%
Other Income28231561022181916138-03
Interest191518161515171815161814
Depreciation212123222223263131323232
Profit before tax20223535728721317010895401542109
Tax %0%0%23%27%28%29%30%25%33%21%50%22%
Net Profit202235273209153120757126122185
EPS in Rs2.512.923.342.351.681.320.830.770.290.130.230.93
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2131,5642,3893,0772,9122,7854,6446,1256,4146,3515,7846,110
Expenses1,3651,6642,4823,0542,8762,6894,4355,7955,4855,4845,4355,740
Operating Profit-152-100-93243696209330929867350370
OPM %-13%-6%-3.9%0.8%1.2%3.5%4.5%5%14%14%6%6%
Other Income1621-2236491029-38193683324
Interest414453411210388998973636662
Depreciation116112107102979491988694125126
Profit before tax-666-236-257-154-114-7648105963778192206
Tax %0%0%0%0%0%0%0%45%9%28%32%
Net Profit-666-236-257-154-114-764858880558130145
EPS in Rs-17.13-5.47-5.33-3.19-2.07-1.370.870.7910.756.121.421.58
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%16%-2%2%
Compounded Profit Growth8%30%-1%-65%
Stock Price CAGR40%42%-10%-34%
Return on Equity%%31%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7478869696110110110145164182182
Reserves-255-916-1,268-1,523-1,676-1,768-1,843-1,7734111,3401,9422,075
Borrowings2,9813,4153,4923,5103,6383,4643,4343,169860473559417
Other Liabilities1,1751,2291,0971,1541,1451,1731,3061,4631,5431,3781,2071,403
Total Liabilities3,9743,8053,4073,2383,2042,9793,0062,9692,9603,3543,8914,077
Fixed Assets1,7001,5881,4861,4091,3241,2381,1811,1651,1321,3821,6141,573
CWIP11211512111979981025269116129294
Investments818179111111111
Other Assets2,0812,0201,7221,7091,8001,6421,7221,7511,7581,8562,1472,209
Total Assets3,9743,8053,4073,2383,2042,9793,0062,9692,9603,3543,8914,077
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-62-172-1046640291143463321839311358
Cash from Investing Activity32425-127-37-40-124-119-398-352-242
Cash from Financing Activity4315776-48-48-250-89-351-192-41688-209
Net Cash Flow13-11-25-0415-12102447-93
Free Cash Flow-68-186-1013448254102336229459-43115
CFO/OP309%114%103%-69%174%816%149%223%99%90%36%102%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days188220114614736321214142521
Inventory Days154167120947594123837084112125
Days Payable2762691611231021121329076776473
Cash Conversion Cycle66118723220172367217374
Working Capital Days-136-240-750-503-211-345-378-218-25-51722
ROCE %-4%-9%-8%-8%-2%-0%1%9%18%62%36%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.02%60.02%60.80%63.85%64.84%64.84%64.84%64.84%64.84%64.84%64.84%64.84%
FIIs0.67%2.57%3.05%2.92%3.00%3.23%3.56%3.63%3.48%3.70%3.00%2.78%
DIIs0.00%0.00%0.07%0.08%0.09%0.10%0.11%0.11%0.12%0.12%0.11%0.10%
Public39.30%37.40%36.07%33.15%32.05%31.83%31.50%31.41%31.56%31.34%32.04%32.27%
No. of Shareholders16,80018,18921,49927,41225,11725,11430,20737,11444,68647,02648,10547,451

Fundamentals

Market Cap₹ 5,779 Cr.
Current Price₹ 63.4
Stock P/E39.5
Book Value₹ 24.8
ROCE9.57 %
ROE5.87 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-65%
Standalone figures.
Valuation
Market capRs 5,630 Cr
Enterprise valueRs 5,987 Cr
P/E (TTM)38.93x
Price to book2.49x
Price to sales0.92x
EV / EBITDA15.18x
EV / EBIT22.32x
EV / sales0.98x
Price to cash flow15.73x
Earnings yield2.57%
P/E, 3-year average21.34x
P/B, 3-year average3.38x
P/E, 5-year average13.67x
P/B, 5-year average2.06x
Profitability
Operating margin (excl. other income)6.04%
Operating margin (incl. other income)6.61%
EBITDA margin6.45%
Pre-tax margin3.37%
Net profit margin2.37%
Net margin, latest quarter5.07%
ROE5.93%
ROCE9.61%
ROA3.26%
ROE, 3-year average40.69%
ROCE, 3-year average35.58%
ROA, 3-year average15.51%
ROE, 5-year average21.76%
ROCE, 5-year average25.83%
ROA, 5-year average10.02%
ROIC (approx.)6.96%
Tax rate32.17%
Other income / net worth1.46%
Growth
Sales growth (latest year)-8.92%
Profit growth (latest year)-76.71%
Sales CAGR, 3 years-1.89%
Sales CAGR, 5 years15.74%
Profit CAGR, 3 years30.99%
Sales growth QoQ-3.59%
Profit growth QoQ298.83%
Sales growth YoY (latest quarter)23.98%
Profit growth YoY (latest quarter)20.81%
Per share
EPS (TTM)Rs 1.59
EPS (latest year)Rs 1.42
EPS (latest quarter)Rs 0.93
EPS, 3-year averageRs 20.43
EPS, 5-year averageRs 13.92
Book value per shareRs 24.75
Sales per shareRs 66.97
Cash flow per shareRs 3.92
Free cash flow per shareRs 1.26
Efficiency
Asset turnover1.42x
Fixed asset turnover3.68x
Inventory turnover3.62x
Inventory days101 days
Debtor days21 days
Debtors turnover17.52x
Creditor days73 days
Cash conversion cycle74 days
Working capital days22 days
Leverage
Total debtRs 417 Cr
Cash and bankRs 60 Cr
Net debtRs 356 Cr
Debt to equity0.18x
Net debt / EBITDA0.90x
Interest coverage4.32x
Current ratio (filing 2026-03-31)1.25x
Quick ratio (filing 2026-03-31)0.39x
Trade payables (filing 2026-03-31)Rs 794 Cr
Owners' fund to total sources55.37%
Debt to assets10.22%
Cash flow
Cash from Operating Activity (latest year)Rs 358 Cr
Cash from Investing Activity (latest year)Rs -242 Cr
Cash from Financing Activity (latest year)Rs -209 Cr
Net Cash Flow (latest year)Rs -93 Cr
Free cash flow (latest year)Rs 115 Cr
FCFE (approx.: FCF + change in debt)Rs -27 Cr
Cash from ops / profit, 5 years1.37x
Sales to cash flow16.16x
Statement figures
Net sales (TTM)Rs 6,110 Cr
Net sales (latest year)Rs 5,784 Cr
Sales (latest quarter)Rs 1,683 Cr
Operating profit excl. other income (latest year)Rs 350 Cr
Operating profit (latest quarter)Rs 151 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 394 Cr
PBDT (TTM)Rs 332 Cr
Profit before tax (TTM)Rs 206 Cr
Tax (latest year)Rs 62 Cr
Net profit (TTM)Rs 145 Cr
Net profit (latest year)Rs 130 Cr
Net profit (latest quarter)Rs 85 Cr
Depreciation (TTM)Rs 126 Cr
Depreciation (latest quarter)Rs 32 Cr
Interest (TTM)Rs 62 Cr
Cost of goods sold (latest year)Rs 5,137 Cr
Total expenditure (latest year)Rs 5,435 Cr
Total income (latest year)Rs 5,817 Cr
Share capitalRs 182 Cr
ReservesRs 2,075 Cr
Shareholders' fundsRs 2,258 Cr
Total assetsRs 4,077 Cr
Net blockRs 1,573 Cr
Capital work in progressRs 294 Cr
InvestmentsRs 1 Cr
ReceivablesRs 330 Cr
InventoryRs 1,419 Cr
Other liabilitiesRs 1,403 Cr
Shares outstanding (crore)91.23
Ownership
Promoter holding64.84% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.9 is at the 69th percentile of its own 4.3-year range (median 21.4, low 14.0, high 347.2).
P/B 2.49 is at the 5th percentile (median 7.23).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodJAIBALAJINifty 50Difference
1 week-5.8%-2.8% -3.0 pts
1 month-12.4%-6.8% -5.6 pts
3 months-12.3%-7.6% -4.7 pts
6 months+14.0%+0.4% +13.6 pts
1 year-36.1%-9.9% -26.2 pts
2 years-72.3%-13.6% -58.7 pts
3 years-29.3%+14.2% -43.4 pts
5 years+471.5%+27.9% +443.6 pts
6 mutual fund schemes hold about ₹5 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.20%5
Groww Nifty Total Market Index Fund0.01%0
Angel One Nifty Total Market Index Fund0.01%0
Motilal Oswal BSE 1000 Index Fund0.01%0
Mirae Asset Nifty Total Market Index Fund0.01%0
Bandhan Nifty Total Market Index Fund0.01%0

Red flags

F-score 5 of 8
explainShare dilution Share count up 0% in a year, 25% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,683 Cr +24.0% vs Jun 2025. Net profit ₹85 Cr +19.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-01-17Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2024-09-06Annual General Meeting
2023-09-14Annual General Meeting
2022-09-19Annual General Meeting
2021-09-20 Annual General Meeting
2020-10-21 Annual General Meeting
2019-09-11 Annual General Meeting
2018-09-11 Annual General Meeting
2017-09-06 Annual General Meeting
2016-09-09 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-05Annual General Meeting
2012-12-11Annual General Meeting
2011-09-15Annual General Meeting And Dividend Re.0.40 Per Share
2010-09-16Annual General Meeting And Dividend Re.0.40 Per Share
2009-09-03Agm/Div-Re.0.40 Per Share
2008-09-11Agm/Dividend - 10%
2007-09-21Agm/Dividend-8.5%
2006-09-19Agm
2006-05-25Interim Dividend-12.50% Purpose Revised
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-24Concall / analyst meetSchedule of meet
2026-09-23Credit Rating- RevisionCredit Rating- Revision
2026-09-21Credit Rating- RevisionCredit Rating- Revision
2026-09-09Concall / analyst meetSchedule of meet
2026-08-31UpdatesBusiness Responsibility and Sustainability Report for the Financial Year 2025-26.
2026-08-31Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-08-26UpdatesThe 27th Annual General Meeting of the Company which will be held on 24th September, 2026.
2026-08-17Concall / analyst meetTranscript
2026-08-14Concall / analyst meetLink of Recording
2026-08-14Change in ManagementChange in Management
2026-08-14Investor PresentationInvestor Presentation
2026-08-14Board meeting outcomeJai Balaji Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-11Concall / analyst meetSchedule of meet
2026-07-01Regulatory actionAction(s) initiated or orders passed
2026-06-16Concall / analyst meetSchedule of meet
2026-06-02UpdatesDisclosure of ESG Rating under Regulation 30 of SEBI (LODR) Regulations, 2015.
2026-05-30Change in ManagementChange in Management
2026-05-30Board meeting outcomeJai Balaji Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-11ResignationResignation of Mr Sanjay Agarwal as Other of the company w.e.f. March 16, 2026.
2026-04-11ResignationResignation of Mr Sujoy Kanti Bagchi as Other of the company w.e.f. April 11, 2026.
2026-04-09Disclosure under SEBI TakeovSANJIV JAJODIA has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-04-03General UpdatesDisclosure of ESG Rating
2026-03-05Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-05-07NCLTJAI BALAJI INDUSTRIES LIMITED Vs SHRIRAMRATHI STEELS PRIVATE LIMITED
2021-04-15NCLATDK Mohanty VS Jai Balaji Industries & Anr
2021-04-15NCLATDK Mohanty VS Jai Balaji Industries & Anr
2021-03-24NCLATDK Mohanty VS Jai Balaji Industries & Anr
2021-03-24NCLATDK Mohanty VS Jai Balaji Industries & Anr
2021-03-19NCLATDK Mohanty VS Jai Balaji Industries & Anr
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Jai Balaji Industries Ltd?

Jai Balaji Industries Ltd (JAIBALAJI) has a market capitalisation of Rs 5,779 Cr. at the 2026-10-01 close.

What is the P/E ratio of Jai Balaji Industries Ltd?

Jai Balaji Industries Ltd trades at a P/E of 39.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Jai Balaji Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Jai Balaji Industries Ltd sales was Rs 1,683 Cr (+24.0% vs Jun 2025) and net profit was Rs 85 Cr.

What is the 52-week high and low of Jai Balaji Industries Ltd?

The 52-week high is Rs 102.00 and the 52-week low is Rs 53.65.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03