MarketFriction

Jainam Ferro Alloys (I) Ltd

NSE JAINAM · Ferro & Silica Manganese
₹201.50 -4.95%
NSE close2026-09-29
52 week range169.00 - 312.00
Market cap₹236 Cr.
P/E36.5
IPO 2021 · +188% since Price band 5% Delivery 100.0%

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 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales35669011016590999011410710897
Expenses3462699313888939110210410196
Operating Profit2420172836-012372
OPM %4.3%6%23%16%17%2.8%6%-0.4%10%2.9%7%1.6%
Other Income101112332233
Interest011001111111
Depreciation000000112122
Profit before tax1320172837111472
Tax %29%27%25%25%28%12%25%42%23%36%26%22%
Net Profit121513203608261
EPS in Rs1.092.3116.3012.2519.332.695.240.467.952.214.701.05
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales132121102200255190221206
Expenses12611896162225184206197
Operating Profit53538306159
OPM %4.1%2.6%5%19%12%3.1%7%4.3%
Other Income11123556
Interest12111222
Depreciation11111134
Profit before tax41438318159
Tax %29%23%27%25%26%27%26%25%
Net Profit31328236117
EPS in Rs3.120.933.4026.5422.015.7510.165.76
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%15%-7%-7%
Compounded Profit Growth%15%-35%-40%
Stock Price CAGR%%15%-21%
Return on Equity%16%7%5%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital9991111111112
Reserves101015527795123136
Borrowings5631010121
Other Liabilities1614264125274534
Total Liabilities403952105112142180202
Fixed Assets2233551724
CWIP0101112058
Investments336810293627
Other Assets35334493969612792
Total Assets403952105112142180202
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity625-2-14-230
Cash from Investing Activity1-1-1-10-13-1-61
Cash from Financing Activity-7-2-46-28330
Net Cash Flow0-003-2-1-00
Free Cash Flow615-4-3-9-6-38
CFO/OP144%86%113%18%27%112%10%385%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1321231622392817
Inventory Days675713810035588883
Days Payable615913295516210384
Cash Conversion Cycle191929217361316
Working Capital Days3133392327433025
ROCE %14%22%85%43%10%13%7%
Oct 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Apr 2025Sep 2025Mar 2026
Promoters73.47%73.47%73.47%73.47%73.47%73.47%73.47%73.47%66.25%66.25%66.25%
Public26.53%26.53%26.53%26.53%26.53%26.53%26.53%26.53%33.75%33.75%33.75%
No. of Shareholders777437451488534542503422418479475

Fundamentals

Market Cap₹ 236 Cr.
Current Price₹ 202
Stock P/E36.5
Book Value₹ 126
ROCE6.89 %
ROE4.58 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-7%
Compounded Profit Growth (TTM)-40%
Standalone figures.
Valuation
Market capRs 213 Cr
Enterprise valueRs 192 Cr
P/E (TTM)35.06x
Price to book2.02x
Price to sales1.12x
EV / EBITDA17.18x
EV / EBIT19.58x
EV / sales1.01x
Price to cash flow52.81x
Earnings yield2.85%
P/E, 3-year average11.27x
P/B, 3-year average1.82x
P/E, 5-year average11.27x
P/B, 5-year average1.82x
Profitability
Operating margin (excl. other income)3.12%
Operating margin (incl. other income)5.90%
EBITDA margin5.90%
Pre-tax margin4.37%
Net profit margin3.20%
ROE6.30%
ROCE9.71%
ROA4.78%
ROE, 3-year average33.99%
ROCE, 3-year average46.07%
ROA, 3-year average20.61%
ROE, 5-year average24.22%
ROCE, 5-year average34.91%
ROA, 5-year average14.18%
ROIC (approx.)8.47%
Tax rate26.78%
Other income / net worth5.00%
Growth
Sales growth (latest year)-25.73%
Profit growth (latest year)-73.89%
Sales CAGR, 3 years23.16%
Sales CAGR, 5 years7.59%
Profit CAGR, 3 years24.44%
Profit CAGR, 5 years16.00%
Per share
EPS (TTM)Rs 5.75
EPS (latest year)Rs 5.75
EPS, 3-year averageRs 18.10
EPS, 5-year averageRs 11.73
Book value per shareRs 99.83
Sales per shareRs 179.61
Cash flow per shareRs 3.82
Free cash flow per shareRs -35.98
Efficiency
Asset turnover1.34x
Fixed asset turnover36.41x
Inventory turnover9.19x
Inventory days40 days
Debtor days39 days
Debtors turnover9.24x
Creditor days84 days
Cash conversion cycle16 days
Working capital days25 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 30 Cr
Net debtRs -21 Cr
Debt to equity0.09x
Net debt / EBITDA-1.83x
Interest coverage6.42x
Owners' fund to total sources74.38%
Debt to assets6.72%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -38 Cr
FCFE (approx.: FCF + change in debt)Rs -29 Cr
Cash from ops / profit, 5 years0.39x
Sales to cash flow47.07x
Statement figures
Net sales (TTM)Rs 190 Cr
Net sales (latest year)Rs 190 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 11 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 6 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 176 Cr
Total expenditure (latest year)Rs 184 Cr
Total income (latest year)Rs 195 Cr
Share capitalRs 11 Cr
ReservesRs 95 Cr
Shareholders' fundsRs 105 Cr
Total assetsRs 142 Cr
Net blockRs 5 Cr
Capital work in progressRs 12 Cr
InvestmentsRs 29 Cr
ReceivablesRs 21 Cr
InventoryRs 19 Cr
Other liabilitiesRs 27 Cr
Shares outstanding (crore)1.06
Ownership
Promoter holding66.25% (-7.22 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 35.1 is at the 45th percentile of its own 5.0-year range (median 40.7, low 5.4, high 230.2).
P/B 2.02 is the lowest in 5.0 years (median 4.61).
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.
PeriodJAINAMNifty 50Difference
1 week+2.3%-2.8% +5.1 pts
1 month-14.3%-6.8% -7.5 pts
3 months-13.5%-7.6% -5.9 pts
6 months-36.0%+0.4% -36.4 pts
1 year+1.2%-9.9% +11.1 pts
2 years+49.3%-13.6% +62.9 pts
3 years+53.8%+14.2% +39.6 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 2% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 32% vs sales -26% in 2026
explainDebt up, profit down Borrowings up 18940% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 19% vs sales -26% in 2026
lookProfit leans on other income Other income was 64% of pre-tax profit in 2026
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

Mar 2026
Sales ₹97 Cr +7.8% vs Mar 2024. Net profit ₹1 Cr.
Against our estimate for Mar 2026: sales -15.1%, profit -76.4% in line.

Activity

Compare
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded

Quick answers

What is the market cap of Jainam Ferro Alloys (I) Ltd?

Jainam Ferro Alloys (I) Ltd (JAINAM) has a market capitalisation of Rs 236 Cr. at the 2026-09-29 close.

What is the P/E ratio of Jainam Ferro Alloys (I) Ltd?

Jainam Ferro Alloys (I) Ltd trades at a P/E of 36.5 on trailing twelve-month profit, at the 2026-09-29 close.

What were Jainam Ferro Alloys (I) Ltd's latest quarterly results?

In the Mar 2026 quarter, Jainam Ferro Alloys (I) Ltd sales was Rs 97 Cr (+7.8% vs Mar 2024) and net profit was Rs 1 Cr.

What is the 52-week high and low of Jainam Ferro Alloys (I) Ltd?

The 52-week high is Rs 312.00 and the 52-week low is Rs 169.00.

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