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Consolidated Standalone

Jai Balaji Inds

₹837.8 -3 | 0.4%

Market Cap ₹15286 Cr.

Stock P/E 17.3

P/B 7.9

Current Price ₹837.8

Book Value ₹ 105.7

Face Value 10

52W High ₹1307

Dividend Yield 0%

52W Low ₹ 799

Edit Ratio

Jai Balaji Inds Research see more...

Overview Inc. Year: 1999Industry: Steel/Sponge Iron/Pig Iron

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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Jai Balaji Inds Share Price

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Peer Comparison

Jai Balaji Inds Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 1495 1369 1537 1724 1483 1547 1539 1846 1718 1557
Other Income 7 5 2 21 8 28 23 156 10 22
Total Income 1502 1374 1539 1745 1490 1574 1562 2002 1728 1579
Total Expenditure 1435 1307 1467 1661 1277 1333 1292 1605 1403 1328
Operating Profit 67 67 73 85 213 241 270 397 325 250
Interest 21 22 20 26 21 19 15 18 16 15
Depreciation 24 25 25 25 21 21 21 23 22 22
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 22 21 28 34 170 202 235 357 287 213
Provision for Tax 0 0 0 47 0 0 0 84 78 60
Profit After Tax 22 21 28 -13 170 202 235 273 209 153
Adjustments 0 -0 0 0 0 0 -0 -0 0 0
Profit After Adjustments 22 21 28 -13 170 202 235 273 209 153
Adjusted Earnings Per Share 2 1.7 1.9 -0.9 11 12.6 14.6 16.7 11.8 8.4

Jai Balaji Inds Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 1972 1506 1220 1702 2389 3077 2912 2785 4693 6125 6414 6660
Other Income 23 37 16 21 18 40 60 11 30 35 491 211
Total Income 1995 1542 1236 1723 2407 3117 2973 2796 4722 6161 6905 6871
Total Expenditure 1946 1539 1379 1815 2483 3058 2882 2690 4484 5869 5783 5628
Operating Profit 49 4 -143 -92 -76 60 91 106 238 292 1121 1242
Interest 345 384 425 46 34 112 103 88 99 89 73 64
Depreciation 143 134 122 118 107 102 97 94 91 98 86 88
Exceptional Income / Expenses 0 -3 0 0 -40 0 -6 0 0 0 0 0
Profit Before Tax -440 -518 -690 -256 -257 -154 -114 -76 48 105 963 1092
Provision for Tax -106 -111 0 0 0 0 0 0 0 47 84 222
Profit After Tax -333 -406 -690 -256 -257 -154 -114 -76 48 58 880 870
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -333 -406 -690 -256 -257 -154 -114 -76 48 58 880 870
Adjusted Earnings Per Share -49.5 -55 -88.7 -29.6 -26.6 -15.9 -10.4 -6.9 4.4 4 53.7 51.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 32% 16% 13%
Operating Profit CAGR 284% 119% 80% 37%
PAT CAGR 1417% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -15% 146% 98% 49%
ROE Average 88% 29% 18% -1%
ROCE Average 61% 28% 17% 4%

Jai Balaji Inds Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 221 -196 -877 -1236 -1427 -1580 -1658 -1733 -1663 556 1504
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1708 2039 2319 53 57 1614 662 578 586 626 303
Other Non-Current Liabilities -190 -307 -307 -307 -291 -291 -291 -290 -290 -250 -162
Total Current Liabilities 2191 2249 2491 4710 4607 3170 3975 4161 4045 1737 1502
Total Liabilities 3930 3786 3626 3221 2947 2913 2688 2715 2678 2669 3147
Fixed Assets 1953 1809 1691 1583 1409 1324 1238 1181 1165 1132 1382
Other Non-Current Assets 257 250 252 239 216 192 206 233 174 166 256
Total Current Assets 1720 1727 1682 1399 1322 1397 1244 1301 1339 1372 1509
Total Assets 3930 3786 3626 3221 2947 2913 2688 2715 2678 2669 3147

Jai Balaji Inds Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 12 4 18 6 2 7 7 11 26 13 23
Cash Flow from Operating Activities -33 -61 -174 -104 66 40 291 143 463 321 839
Cash Flow from Investing Activities 19 32 4 26 -12 7 -37 -40 -124 -119 -398
Cash Flow from Financing Activities 7 43 158 78 -48 -48 -250 -89 -351 -192 -416
Net Cash Inflow / Outflow -8 14 -11 0 5 -0 4 15 -12 10 24
Closing Cash & Cash Equivalent 4 18 6 7 7 7 11 26 13 23 48

Jai Balaji Inds Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -49.53 -55.05 -88.69 -29.64 -26.63 -15.94 -10.35 -6.86 4.35 3.98 53.75
CEPS(Rs) -28.22 -36.88 -72.97 -16.01 -15.49 -5.4 -1.59 1.65 12.62 10.71 58.98
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 27.92 -26.62 -113.42 -143.51 -148.02 -163.92 -150.12 -156.92 -150.55 35.19 90.62
Core EBITDA Margin(%) 1.22 -2.03 -11.89 -6.11 -3.86 0.64 1.06 3.42 4.44 4.16 9.76
EBIT Margin(%) -4.43 -8.24 -19.82 -11.34 -9.19 -1.37 -0.4 0.44 3.13 3.14 16.04
Pre Tax Margin(%) -20.63 -31.93 -51.56 -13.86 -10.58 -4.99 -3.93 -2.72 1.02 1.7 14.91
PAT Margin (%) -15.63 -25.06 -51.56 -13.86 -10.58 -4.99 -3.93 -2.72 1.02 0.94 13.62
Cash Profit Margin (%) -8.91 -16.78 -42.42 -7.49 -6.16 -1.69 -0.6 0.65 2.97 2.53 14.95
ROA(%) -8.37 -10.53 -18.61 -7.47 -8.32 -5.24 -4.08 -2.81 1.78 2.16 30.25
ROE(%) -96.39 0 0 0 0 0 0 0 0 0 88.19
ROCE(%) -3.22 -4.62 -9.59 -8.34 -10.01 -2.03 -0.6 0.7 9.16 13.27 61.07
Receivable days 128.43 176.69 205.71 121.59 67.13 47.06 42.52 34.62 15.56 11.41 13.31
Inventory Days 99.66 120.27 144.13 97.66 71.35 58.38 67.34 83.73 56.67 46.74 50.05
Payable days 184.52 221.9 244.72 163.96 117.03 99.76 110.86 127.06 86.13 72.91 77.93
PER(x) 0 0 0 0 0 0 0 0 10.05 11.46 17.22
Price/Book(x) 0.37 -0.43 -0.06 -0.12 -0.08 -0.17 -0.11 -0.25 -0.29 1.29 10.21
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.38 2.08 2.92 2.19 1.52 1.27 1.25 1.38 0.77 0.24 2.42
EV/Core EBITDA(x) 55.61 831.18 -24.95 -40.72 -47.86 65.6 39.85 36.09 15.24 5.04 13.84
Net Sales Growth(%) 27.64 -23.64 -18.96 39.49 40.39 28.8 -5.37 -4.36 68.48 30.53 4.71
EBIT Growth(%) 36.69 -41.36 -98.61 21.09 -6.47 81.1 72.55 205.72 1102.28 31.96 434.42
PAT Growth(%) -49.06 -21.9 -69.85 62.93 -0.38 40.12 25.6 33.69 163.39 20.31 1421.1
EPS Growth(%) -41.32 -11.15 -61.11 66.58 10.15 40.12 35.08 33.69 163.39 -8.64 1251.95
Debt/Equity(x) 14.26 -15.67 -4 -2.91 -2.46 -2.3 -2.09 -1.98 -1.91 1.68 0.32
Current Ratio(x) 0.79 0.77 0.68 0.3 0.29 0.44 0.31 0.31 0.33 0.79 1
Quick Ratio(x) 0.54 0.53 0.46 0.2 0.18 0.28 0.17 0.14 0.14 0.32 0.37
Interest Cover(x) -0.27 -0.35 -0.62 -4.5 -6.57 -0.38 -0.11 0.14 1.49 2.18 14.28
Total Debt/Mcap(x) 38.84 36.36 64.52 25 29.71 13.32 18.67 8.06 6.56 1.3 0.03

Jai Balaji Inds Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 50.98 53.77 55.9 55.9 58.74 60.02 60.02 60.8 63.85 64.84
FII 0.01 0 0 0 0.09 0.67 2.57 3.05 2.92 3.01
DII 0 0 0 0 0.05 0 0 0.07 0.08 0.09
Public 49.02 46.23 44.1 44.1 41.12 39.3 37.41 36.07 33.14 32.06
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Debtor days have increased from 72.91 to 77.93days.
  • Stock is trading at 7.9 times its book value.

* 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.

Jai Balaji Inds News

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