Jai Balaji Industries Ltd

Jai Balaji Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jai Balaji Industries Ltd

₹ 929 0.78%
21 Nov - close price
jaibalajigroup.com BSE: 532976 NSE: JAIBALAJI
About

Incorporated in 1999, Jai Balaji Industries Limited is engaged in the manufacturing of Iron and Steel products [1]

Key Points

Product Portfolio
The company has a portfolio of value-added products including DRI (sponge iron), pig iron, ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron pipes, and alloy and mild steel heavy rounds. [1]

Website BSE NSE
  • Market Cap ₹ 16,927 Cr.
  • Current Price ₹ 929
  • High / Low ₹ 1,314 / 572
  • Stock P/E 19.5
  • Book Value ₹ 106
  • Dividend Yield 0.00 %
  • ROCE 63.6 %
  • ROE 90.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 51.6% CAGR over last 5 years
  • Promoter holding has increased by 0.99% over last quarter.

Cons

  • Stock is trading at 8.79 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoters have pledged 26.0% of their holding.

* 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.

Peer comparison

Sector: Steel Industry: Steel - Large

Part of BSE 250 SmallCap Index Nifty Total Market BSE 500 BSE 400 MidSmallCap Index Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,050 1,280 1,348 1,495 1,369 1,537 1,724 1,483 1,547 1,539 1,846 1,718 1,557
997 1,228 1,310 1,435 1,307 1,467 1,661 1,277 1,333 1,292 1,605 1,403 1,328
Operating Profit 53 52 37 60 63 70 63 205 213 247 241 316 228
OPM % 5% 4% 3% 4% 5% 5% 4% 14% 14% 16% 13% 18% 15%
1 8 21 7 5 2 21 8 28 23 156 10 22
Interest 24 24 29 21 22 20 26 21 19 15 18 16 15
Depreciation 23 23 23 24 25 25 25 21 21 21 23 22 22
Profit before tax 7 12 7 22 21 28 34 170 202 235 357 287 213
Tax % 0% 0% 0% 0% 0% 0% 138% 0% 0% 0% 23% 27% 28%
7 12 7 22 21 28 -13 170 202 235 273 209 153
EPS in Rs 0.64 1.08 0.60 1.98 1.66 1.92 -0.90 10.96 12.56 14.62 16.68 11.77 8.39
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 9m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,545 1,968 1,478 1,213 1,564 2,389 3,077 2,912 2,785 4,692 6,125 6,414 6,659
1,620 1,937 1,498 1,365 1,664 2,482 3,054 2,876 2,689 4,484 5,795 5,485 5,628
Operating Profit -75 31 -20 -152 -100 -93 24 36 96 209 330 929 1,032
OPM % -5% 2% -1% -13% -6% -4% 1% 1% 3% 4% 5% 14% 15%
22 23 31 16 21 -22 36 49 10 29 -38 193 211
Interest 176 336 375 414 45 34 112 103 88 99 89 73 63
Depreciation 86 136 126 116 112 107 102 97 94 91 98 86 88
Profit before tax -316 -419 -490 -666 -236 -257 -154 -114 -76 48 105 963 1,091
Tax % -33% -24% -21% 0% 0% 0% 0% 0% 0% 0% 45% 9%
-213 -319 -386 -666 -236 -257 -154 -114 -76 48 58 880 870
EPS in Rs -33.42 -47.41 -52.37 -85.64 -27.36 -26.63 -15.94 -10.35 -6.86 4.35 3.98 53.74 51.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 16%
3 Years: 32%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: 52%
3 Years: 141%
TTM: 125%
Stock Price CAGR
10 Years: 49%
5 Years: 115%
3 Years: 160%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 90%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 64 67 74 78 86 96 96 110 110 110 145 164 182
Reserves 421 116 -255 -921 -1,270 -1,523 -1,676 -1,768 -1,843 -1,773 366 1,319 1,746
2,361 2,591 2,981 3,415 3,492 3,510 3,638 3,464 3,434 3,169 860 473 432
1,155 1,233 1,175 1,233 1,100 1,154 1,145 1,173 1,306 1,463 1,588 1,399 1,398
Total Liabilities 4,001 4,008 3,974 3,805 3,407 3,238 3,204 2,979 3,006 2,969 2,960 3,354 3,758
1,969 1,836 1,700 1,588 1,486 1,409 1,324 1,238 1,181 1,165 1,132 1,382 1,382
CWIP 112 112 112 115 121 119 79 98 102 52 69 116 280
Investments 81 81 81 81 79 1 1 1 1 1 1 1 1
1,839 1,979 2,081 2,020 1,722 1,709 1,800 1,642 1,722 1,751 1,758 1,856 2,095
Total Assets 4,001 4,008 3,974 3,805 3,407 3,238 3,204 2,979 3,006 2,969 2,960 3,354 3,758

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-51 -32 -62 -172 -104 66 40 291 143 463 321 839
-22 19 32 4 25 -12 7 -37 -40 -124 -119 -398
79 5 43 157 76 -48 -48 -250 -89 -351 -192 -416
Net Cash Flow 6 -8 13 -11 -2 5 -0 4 15 -12 10 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 164 147 188 220 114 61 47 36 32 12 14 14
Inventory Days 179 124 154 167 120 94 75 94 123 83 70 84
Days Payable 281 222 276 269 161 123 102 112 132 90 76 77
Cash Conversion Cycle 61 48 66 118 72 32 20 17 23 5 7 21
Working Capital Days 83 36 40 -10 -99 24 29 6 -4 -11 -11 5
ROCE % -3% -4% -9% -8% -8% -2% -0% 1% 9% 19% 64%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.98% 50.98% 50.98% 53.78% 55.90% 55.90% 58.73% 60.02% 60.02% 60.80% 63.85% 64.84%
3.46% 3.47% 0.01% 0.00% 0.00% 0.00% 0.09% 0.67% 2.57% 3.05% 2.92% 3.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.07% 0.08% 0.09%
45.56% 45.56% 49.02% 46.22% 44.09% 44.09% 41.12% 39.30% 37.40% 36.07% 33.15% 32.05%
No. of Shareholders 10,79912,05513,23913,10013,16113,58813,40916,80018,18921,49927,41225,117

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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