Jai Balaji Inds

₹834 -6.8 | 0.8%

WEBSITE BSE:532976 NSE : JAIBALA IND 15 Jan, 13:45

Market Cap ₹15216 Cr.

Stock P/E 17.4

P/B 7.9

Current Price ₹834

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.

Jai Balaji Inds Share Price

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Peer Comparison

Jai Balaji Inds Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018
Net Sales	551	538	519	579	789	761
Other Income	5	1	2	8	7	0
Total Income	556	539	522	587	796	762
Total Expenditure	578	541	529	617	832	761
Operating Profit	-22	-2	-7	-30	-36	1
Interest	18	9	7	12	6	10
Depreciation	28	27	27	27	26	26
Exceptional Income / Expenses	0	0	0	0	-40	0
Profit Before Tax	-69	-38	-42	-68	-109	-35
Provision for Tax	0	0	0	0	0	0
Profit After Tax	-69	-38	-42	-68	-109	-35
Adjustments	69	38	42	68	109	35
Profit After Adjustments	0	0	0	0	0	0
Adjusted Earnings Per Share	-8	-4.1	-4.3	-7.1	-11.3	-3.7

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	1968	1478	1213	1564	2389	3077	2912	2785	4693	6125	6414	2648
Other Income	23	37	16	21	18	40	60	11	30	35	491	17
Total Income	1991	1514	1228	1585	2407	3117	2973	2796	4722	6161	6905	2667
Total Expenditure	1937	1500	1365	1664	2483	3058	2882	2690	4484	5869	5783	2739
Operating Profit	53	14	-136	-79	-76	60	91	106	238	292	1121	-72
Interest	336	375	414	45	34	112	103	88	99	89	73	35
Depreciation	136	126	116	112	107	102	97	94	91	98	86	106
Exceptional Income / Expenses	0	-3	0	0	-40	0	-6	0	0	0	0	-40
Profit Before Tax	-419	-490	-666	-236	-257	-154	-114	-76	48	105	963	-254
Provision for Tax	-100	-104	0	0	0	0	0	0	0	47	84	0
Profit After Tax	-319	-386	-666	-236	-257	-154	-114	-76	48	58	880	-254
Adjustments	0	0	0	0	0	0	0	0	0	0	0	254
Profit After Adjustments	-319	-386	-666	-236	-257	-154	-114	-76	48	58	880	0
Adjusted Earnings Per Share	-47.4	-52.4	-85.6	-27.4	-26.6	-15.9	-10.4	-6.9	4.4	4	53.7	-26.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	32%	16%	13%
Operating Profit CAGR	284%	119%	80%	36%
PAT CAGR	1417%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-16%	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	216	-181	-838	-1182	-1427	-1580	-1658	-1733	-1663	556	1504
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1635	1964	2248	53	57	1614	662	578	586	626	303
Other Non-Current Liabilities	-182	-291	-291	-291	-291	-291	-291	-290	-290	-250	-162
Total Current Liabilities	2157	2191	2396	4536	4607	3170	3975	4161	4045	1737	1502
Total Liabilities	3826	3683	3514	3116	2947	2913	2688	2715	2678	2669	3147
Fixed Assets	1836	1700	1588	1486	1409	1324	1238	1181	1165	1132	1382
Other Non-Current Assets	318	310	312	301	216	192	206	233	174	166	256
Total Current Assets	1672	1673	1613	1330	1322	1397	1244	1301	1339	1372	1509
Total Assets	3826	3683	3514	3116	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	9	2	15	4	2	7	7	11	26	13	23
Cash Flow from Operating Activities	-32	-62	-172	-104	66	40	291	143	463	321	839
Cash Flow from Investing Activities	19	32	4	25	-12	7	-37	-40	-124	-119	-398
Cash Flow from Financing Activities	5	43	157	76	-48	-48	-250	-89	-351	-192	-416
Net Cash Inflow / Outflow	-8	13	-11	-2	5	-0	4	15	-12	10	24
Closing Cash & Cash Equivalent	2	15	4	2	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)	-47.41	-52.37	-85.64	-27.36	-26.63	-15.94	-10.35	-6.86	4.35	3.98	53.75
CEPS(Rs)	-27.24	-35.27	-70.7	-14.39	-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)	27.26	-24.51	-108.38	-137.26	-148.02	-163.92	-150.11	-156.91	-150.54	35.19	90.62
Core EBITDA Margin(%)	1.44	-1.41	-11.44	-5.92	-3.86	0.64	1.06	3.42	4.44	4.18	9.83
EBIT Margin(%)	-3.87	-7.24	-18.98	-11.31	-9.19	-1.37	-0.4	0.44	3.13	3.16	16.15
Pre Tax Margin(%)	-19.68	-30.83	-50.11	-13.97	-10.58	-4.99	-3.93	-2.72	1.02	1.71	15.02
PAT Margin (%)	-14.99	-24.31	-50.11	-13.97	-10.58	-4.99	-3.93	-2.72	1.02	0.94	13.71
Cash Profit Margin (%)	-8.61	-16.37	-41.37	-7.35	-6.16	-1.69	-0.6	0.65	2.97	2.54	15.05
ROA(%)	-8.18	-10.29	-18.51	-7.12	-8.47	-5.24	-4.08	-2.81	1.78	2.16	30.25
ROE(%)	-95.46	0	0	0	0	0	0	0	0	0	88.19
ROCE(%)	-2.9	-4.11	-9.39	-7.82	-10.14	-2.03	-0.6	0.7	9.16	13.27	61.07
Receivable days	127.21	178.45	205.1	131.44	66.68	47.06	42.52	34.62	15.56	11.48	13.4
Inventory Days	94.65	115.53	134.27	97.3	68.38	58.38	67.34	83.73	56.67	47.06	50.39
Payable days	181.22	223.79	240.45	175.01	115.39	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)	0.38	-0.47	-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)	1.34	2.05	2.85	2.32	1.52	1.27	1.25	1.38	0.77	0.24	2.42
EV/Core EBITDA(x)	49.41	213.39	-25.37	-45.76	-47.86	65.6	39.85	36.09	15.24	5.04	13.84
Net Sales Growth(%)	27.4	-24.92	-17.94	28.97	52.78	28.8	-5.37	-4.36	68.48	30.53	4.71
EBIT Growth(%)	40.96	-39.75	-119.2	24.26	-16.54	81.1	72.56	205.78	1101.99	31.96	434.42
PAT Growth(%)	-49.65	-21.14	-72.4	64.56	-8.71	40.12	25.6	33.69	163.4	20.3	1421.1
EPS Growth(%)	-41.88	-10.46	-63.54	68.05	2.68	40.12	35.08	33.69	163.4	-8.65	1251.95
Debt/Equity(x)	14.13	-16.48	-4.05	-2.95	-2.46	-2.3	-2.09	-1.98	-1.91	1.68	0.32
Current Ratio(x)	0.78	0.76	0.67	0.29	0.29	0.44	0.31	0.31	0.33	0.79	1
Quick Ratio(x)	0.55	0.54	0.47	0.2	0.18	0.28	0.17	0.14	0.14	0.32	0.37
Interest Cover(x)	-0.24	-0.31	-0.61	-4.25	-6.57	-0.38	-0.11	0.14	1.49	2.18	14.28
Total Debt/Mcap(x)	37.58	35.22	62.45	24.23	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

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	5.63	6.88	8.13	8.13	9.13	9.63	9.63	9.95	11.33	11.83
FII	0	0	0	0	0.01	0.11	0.41	0.5	0.52	0.55
DII	0	0	0	0	0.01	0	0	0.01	0.01	0.02
Public	5.41	5.91	6.41	6.41	6.39	6.31	6	5.9	5.88	5.85
Others	0	0	0	0	0	0	0	0	0	0
Total	11.05	12.8	14.55	14.55	15.55	16.05	16.05	16.37	17.75	18.25

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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Jai Balaji Inds

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Jai Balaji Inds Research see more...

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

Jai Balaji Inds Share Price

Alert Data

Quarterly Price

Peer Comparison

Jai Balaji Inds Quarterly Results

Jai Balaji Inds Profit & Loss

Growth Rates

Jai Balaji Inds Balance Sheet

Jai Balaji Inds Cash Flow

Jai Balaji Inds Ratios

Jai Balaji Inds Shareholding Pattern

Jai Balaji Inds News

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