Jai Balaji Industries Limited (JAIBALAJI)

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Jai Balaji Industries Limited (JAIBALAJI) · mywealthgrid

About

Jai Balaji Industries manufactures iron and steel products in the Materials sector, with a market cap of ₹6,440.84 Cr. Recent standalone quarterly revenues range ₹1.3–₹1.7 Cr, with net profit varying ₹11.6–₹85.2 Cr across recent quarters.

Face value: ₹2

Market cap

₹5,631 Cr

P/E

19.2×

P/B

2.6×

Dividend yield

ROE

30.7%

ROCE

40.2%

Debt / equity

0.26

OPM

13.7%

EPS (TTM)

₹3.2

Book value

₹23.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin compression: recent quarters (Mar–Dec 2025) showed OPM of 4.09%–5.28% versus 8.36%–9.36% in prior year; verify whether this reflects input cost inflation, pricing pressure, or demand softness.
Earnings volatility: net profit ranged ₹11.55–₹85.23 Cr and EPS ₹0.13–₹0.93 in trailing quarters; clarify underlying drivers and forecast stability.
Stock declined 36.69% over 1 year despite company ROE of 30.75%; verify if market concerns are cyclical, structural, or valuation-driven.
Ferrous metals industry exposure to commodity price cycles and competitive intensity; verify raw material cost trends and the company's relative cost position.

Generated analysis · source review pending

Growth drivers

Jun 2026 net profit of ₹85.23 Cr recovered from Dec 2025 trough (₹11.55 Cr); verify whether this reflects sector cyclicality, seasonal patterns, or operational improvements.
ROE of 30.75% indicates strong capital efficiency; verify if retained earnings or incremental capex will compound this into revenue or market-share growth.
D/E of 0.26 leaves debt capacity; verify if management plans to deploy this for capacity expansion or working-capital support.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹61.7-2.6%1Y

Quick read

rule-based

Pros

+Strong return on equity of 42.2% (3-yr avg)
+High return on capital employed of 41.3%
+Profit CAGR of 126.4% over the last 3 years
+Revenue CAGR of 16.9% over the last 5 years
+Comfortable interest coverage of 13.4×
+High promoter holding of 64.8% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

63/100

Business quality: 81
Growth: 36
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jindal Steel LimitedJINDALSTELJINDALSTEL	₹1,12,262 Cr	₹1,34,300 Cr	₹56,413 Cr	₹9,314 Cr	18.2%	₹2,718 Cr	6.3%	9.2%	6.9%	1
Steel Authority Of India LimitedSAILSAIL	₹72,070 Cr	₹1,03,998 Cr	₹1,11,135 Cr	₹13,384 Cr	10.8%	₹4,272 Cr	3%	7.6%	5.7%	105
Jindal Stainless LimitedJSLJSL	₹60,404 Cr	₹67,745 Cr	₹44,026 Cr	₹5,645 Cr	13%	₹3,249 Cr	7.4%	19.6%	17.5%	42
Sarda Energy & Minerals LimitedSARDAENSARDAEN	₹17,435 Cr	₹20,030 Cr	₹5,665 Cr	₹1,824 Cr	31.4%	₹1,130 Cr	19.5%	17.3%	16.2%	96
Vedanta Iron And Steel LimitedVISLVISL	₹12,189 Cr	₹12,189 Cr	₹0 Cr	₹-0 Cr	—	₹-0 Cr	—	—	—	—
Nmdc Steel LimitedNSLNISPNSLNISP	₹12,001 Cr	₹16,603 Cr	₹13,938 Cr	₹1,510 Cr	11.1%	₹84 Cr	0.4%	3.3%	0.4%	-83
Sandur Manganese & Iron Ores LimitedSANDUMASANDUMA	₹8,637 Cr	₹9,631 Cr	₹5,328 Cr	₹1,253 Cr	23.8%	₹719 Cr	12.9%	26.6%	22.4%	35
Jai Balaji Industries LimitedJAIBALAJIJAIBALAJI	₹5,631 Cr	₹6,189 Cr	₹5,786 Cr	₹522 Cr	13.7%	₹293 Cr	8.8%	40.2%	30.7%	73
Prakash Industries LimitedPRAKASHPRAKASH	₹2,126 Cr	—	₹0 Cr	—	—	₹386 Cr	—	—	—	—
Manaksia Steels LimitedMANAKSTEELMANAKSTEEL	₹713 Cr	₹862 Cr	₹1,241 Cr	₹99 Cr	6.8%	₹56 Cr	3.5%	22%	13%	62
Scan Steels LimitedSCANSTLSCANSTL	₹293 Cr	₹354 Cr	₹789 Cr	₹45 Cr	5.8%	₹22 Cr	2.7%	7.6%	5.2%	112
KIC Metaliks LtdKAJARIRKAJARIR	₹103 Cr	₹260 Cr	₹514 Cr	₹64 Cr	12.5%	₹39 Cr	7.5%	36%	27.6%	67

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2,912	2,785	4,644	6,125	6,414	6,351
COGS	2,240	2,069	3,325	4,300	4,144	4,066
Gross profit	672	716	1,319	1,825	2,270	2,285
	637	620	1,111	1,569	1,364	1,418
	36	95	208	256	906	867
OPM %	1.2%	3.4%	4.5%	4.2%	14.1%	13.7%
Depreciation	97	94	91	98	86	94
Interest	103	88	99	89	73	63
	50	11	30	35	215	68
Profit before tax	-114	-76	48	105	963	778
Tax	0	0	0	47	84	220
Tax %	0%	0%	0%	44.9%	8.7%	28.3%
	-114	-76	48	58	880	558
PAT margin %	-3.9%	-2.7%	1%	0.9%	13.7%	8.8%
EPS (₹)	-11.1	-6.9	4.4	4.5	55.8	6.3
EPS adjusted (₹)	—	-1.4	0.9	0.8	10.8	6.1
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	110	110	145	164	182
Reserves	-1,844	-1,773	411	1,340	1,942
	3,433	3,169	860	472	558
	1,306	1,463	1,543	1,379	1,208
Total equity & liabilities	3,006	2,969	2,960	3,354	3,891
	1,181	1,165	1,132	1,382	1,614
CWIP	102	52	69	116	127
Investments	1	1	1	1	1
	1,722	1,751	1,758	1,856	2,149
Total assets	3,006	2,969	2,960	3,354	3,891

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	154	463	321	839	311
	-40	-124	-118	-398	-352
	-100	-351	-192	-416	88
Net cash flow	15	-12	11	24	47
Free cash flow	112	335	228	457	-47
CFO / Operating profit %	161.6%	222.2%	125.2%	92.6%	35.9%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	23.1%	25.7%	28.4%	29.8%	35.4%	36%
EBITDA margin %	1.2%	3.4%	4.5%	4.2%	14.1%	13.7%
EBIT margin %	-2.1%	0%	2.5%	2.6%	12.8%	12.2%
PAT margin %	-3.9%	-2.7%	1%	0.9%	13.7%	8.8%
Working capital
Receivable days	—	32	12	14	14	25
Inventory days	—	123	83	70	84	112
Payable days	—	132	90	76	77	64
NWC days	—	23	6	7	21	73
Leverage
Current ratio	—	0.31	0.32	0.78	1	1.27
Debt to EBITDA	—	35.99	15.22	3.36	0.52	0.64
Debt to equity	—	-1.98	-1.91	1.55	0.31	0.26
Interest coverage	-0.1	0.1	1.5	2.2	14.3	13.4
Asset turnover	—	0.93	1.56	2.07	1.91	1.63
Return ratios
Return on assets %	—	-2.5%	1.6%	2%	26.2%	14.3%
Return on capital employed %	—	-1.1%	-13.6%	16%	67.6%	40.2%
Return on equity %	—	4.4%	-2.9%	10.4%	58.5%	26.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.02%	60.02%	60.8%	63.85%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%	64.84%
	0.67%	2.57%	3.05%	2.92%	3.01%	3.23%	3.56%	3.63%	3.48%	3.7%	3%	2.78%
	0%	0%	0.07%	0.08%	0.09%	0.1%	0.11%	0.11%	0.12%	0.12%	0.11%	0.1%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.31%	37.41%	36.08%	33.15%	32.06%	31.83%	31.49%	31.42%	31.56%	31.34%	32.05%	32.28%
No. of shareholders	—	—	—	—	—	—	—	—	44,686	47,026	48,105	47,451

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.08%

of the company's equity

All mutual funds

0.08%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	6.8 L	4.9	0.2%	0.075%	-14,881
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	4,653	0.03	0.01%	0.001%	+22
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	947	0.01	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

4

Dividend dividend15 Sept 2011 · ex-date₹0.4
Dividend dividend16 Sept 2010 · ex-date₹0.4
Dividend dividend3 Sept 2009 · ex-date₹0.4
Dividend dividend11 Sept 2008 · ex-date₹1

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹217 Jan 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

21 Sept 2026, 3:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	23.1%	25.7%	28.4%	29.8%	35.4%	36%
EBITDA margin %	1.2%	3.4%	4.5%	4.2%	14.1%	13.7%
EBIT margin %	-2.1%	0%	2.5%	2.6%	12.8%	12.2%
PAT margin %	-3.9%	-2.7%	1%	0.9%	13.7%	8.8%
Working capital
Receivable days	—	32	12	14	14	25
Inventory days	—	123	83	70	84	112
Payable days	—	132	90	76	77	64
NWC days	—	23	6	7	21	73
Leverage
Current ratio	—	0.31	0.32	0.78	1	1.27
Debt to EBITDA	—	35.99	15.22	3.36	0.52	0.64
Debt to equity	—	-1.98	-1.91	1.55	0.31	0.26
Interest coverage	-0.1	0.1	1.5	2.2	14.3	13.4
Asset turnover	—	0.93	1.56	2.07	1.91	1.63
Return ratios
Return on assets %	—	-2.5%	1.6%	2%	26.2%	14.3%
Return on capital employed %	—	-1.1%	-13.6%	16%	67.6%	40.2%
Return on equity %	—	4.4%	-2.9%	10.4%	58.5%	26.3%

27 deals · 17 Jan 2022 – 20 Jul 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 Jul 2023	S M NIRYAT PRIVATE LIMITED	Block	BSE	Buy	11,50,000	₹112.00	₹12.88 Cr
20 Jul 2023	ASHIKA GLOBAL FINANCE PRIVATE LIMITED .	Block	BSE	Sell	11,50,000	₹112.00	₹12.88 Cr
20 Jul 2023	S M NIRYAT PRIVATE LIMITED	Bulk	BSE	Buy	11,50,000	₹112.00	₹12.88 Cr
20 Jul 2023	ASHIKA GLOBAL FINANCE PRIVATE LIMITED .	Bulk	BSE	Sell	11,50,000	₹112.00	₹12.88 Cr
17 Jul 2023	EARC TRUST SC 301	Bulk	NSE	Sell	35,79,129	₹95.50	₹34.18 Cr
17 Jul 2023	S M NIRYAT PRIVATE LIMITED	Bulk	NSE	Buy	15,50,000	₹95.50	₹14.80 Cr
17 Jul 2023	EARC TRUST SC 302	Bulk	NSE	Sell	12,53,330	₹95.50	₹11.97 Cr
17 Jul 2023	ASHIKA GLOBAL FINANCE PRIVATE LIMITED	Bulk	NSE	Buy	9,00,000	₹95.50	₹8.60 Cr
17 Jul 2023	ANUPRIYA CONSULTANTS PVT LTD	Bulk	NSE	Buy	7,53,734	₹95.69	₹7.21 Cr
10 Jul 2023	EARC TRUST SC 301	Bulk	BSE	Sell	10,00,000	₹85.32	₹8.53 Cr

1–10 of 27

1 / 3

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
21 Sept 2026, 3:00 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
9 Sept 2026, 2:50 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
1 Sept 2026, 11:18 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Aug 2026, 7:47 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
31 Aug 2026, 7:44 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
31 Aug 2026, 7:39 pm	AGM/EGM AGM	Notice Of The 27Th Annual General Meeting Of The Company Scheduled To Be Held On Thursday, 24Th September, 2026, At 12:30 P.M. Through Video Conferencing ('VC') Or Other Audio Visual Means ('OAVM')	PDF
27 Aug 2026, 3:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
26 Aug 2026, 2:14 pm	Company Update General	Intimation Regarding The 27Th Annual General Meeting Of The Company	PDF

Jai Balaji Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

4

1

1

Announcements

Not in the F&O segment

4

1

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Jai Balaji Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends4

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

Dividends4

Board meetings1

Stock splits1

Announcements

Quarterly record

Annual reports

Credit ratings

Investor Presentation and earnings call

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

4

1

1

4

1

1