Jai Balaji Industries Ltd

₹ 1,027 -3.50%

30 Apr - close price

jaibalajigroup.com BSE: 532976 NSE - BE : 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 Co has a diverse 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 - BE

Market Cap ₹ 16,810 Cr.
Current Price ₹ 1,027
High / Low ₹ 1,314 / 55.6
Stock P/E 19.1
Book Value ₹ 91.9
Dividend Yield 0.00 %
ROCE 61.0 %
ROE 85.4 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 51.1% CAGR over last 5 years
Promoter holding has increased by 2.78% over last quarter.

Cons

Stock is trading at 11.2 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Tax rate seems low
Promoters have pledged 28.4% 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	996	979	1,050	1,280	1,335	1,495	1,369	1,537	1,724	1,483	1,547	1,539	1,846
	938	913	997	1,228	1,298	1,435	1,307	1,467	1,661	1,277	1,333	1,292	1,605
Operating Profit	58	66	53	52	37	60	63	70	63	205	213	247	241
OPM %	6%	7%	5%	4%	3%	4%	5%	5%	4%	14%	14%	16%	13%
	5	1	1	8	21	7	5	2	21	8	28	23	156
Interest	21	22	24	24	29	21	22	20	26	21	19	15	18
Depreciation	23	22	23	23	23	24	25	25	25	21	21	21	23
Profit before tax	20	22	7	12	7	22	21	28	34	170	202	235	357
Tax %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	138%	-0%	-0%	-0%	23%
	20	22	7	12	7	22	21	28	-13	170	202	235	273
EPS in Rs	1.78	2.04	0.64	1.08	0.60	1.98	1.66	1.92	-0.90	10.96	12.56	14.62	16.68
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1,545	1,972	1,506	1,220	1,702	2,389	3,077	2,912	2,785	4,692	6,125	6,414
	1,624	1,946	1,537	1,379	1,815	2,482	3,054	2,876	2,689	4,484	5,795	5,508
Operating Profit	-80	26	-31	-159	-113	-93	24	36	96	209	330	906
OPM %	-5%	1%	-2%	-13%	-7%	-4%	1%	1%	3%	4%	5%	14%
	22	23	32	16	21	-22	36	49	10	29	-38	215
Interest	185	345	384	425	46	34	112	103	88	99	89	73
Depreciation	92	143	134	122	118	107	102	97	94	91	98	86
Profit before tax	-334	-440	-518	-690	-256	-257	-154	-114	-76	48	105	963
Tax %	33%	24%	22%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	45%	9%
	-224	-333	-406	-690	-256	-257	-154	-114	-76	48	58	880
EPS in Rs	-35.04	-49.52	-55.04	-88.68	-29.64	-26.63	-15.94	-10.35	-6.86	4.35	3.98	53.74
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:	5%

Compounded Profit Growth
10 Years:	17%
5 Years:	51%
3 Years:	140%
TTM:	570%

Stock Price CAGR
10 Years:	50%
5 Years:	104%
3 Years:	161%
1 Year:	1647%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	85%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	64	67	74	78	86	96	96	110	110	110	145	164
Reserves	442	121	-269	-960	-1,324	-1,523	-1,676	-1,768	-1,844	-1,773	411	1,340
	2,438	2,678	3,076	3,528	3,602	3,510	3,638	3,464	3,434	3,169	860	473
	1,174	1,253	1,212	1,287	1,164	1,154	1,145	1,173	1,306	1,463	1,543	1,378
Total Liabilities	4,118	4,120	4,093	3,933	3,528	3,238	3,204	2,979	3,006	2,969	2,960	3,354
	2,094	1,953	1,809	1,691	1,583	1,409	1,324	1,238	1,181	1,165	1,132	1,382
CWIP	133	129	127	130	134	119	79	98	102	52	69	116
Investments	1	2	2	2	2	1	1	1	1	1	1	1
	1,891	2,036	2,155	2,110	1,809	1,709	1,800	1,642	1,722	1,751	1,758	1,856
Total Assets	4,118	4,120	4,093	3,933	3,528	3,238	3,204	2,979	3,006	2,969	2,960	3,354

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-35	-33	-61	-174	-104	66	40	291	143	463	321	839
	-22	19	32	4	26	-12	7	-37	-40	-124	-118	-398
	63	7	43	158	78	-48	-48	-250	-89	-351	-192	-416
Net Cash Flow	6	-8	14	-11	0	5	-0	4	15	-12	11	24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	166	148	187	220	106	61	47	36	32	12	14	14
Inventory Days	188	131	160	181	119	94	75	94	123	83	70	84
Days Payable	287	225	273	275	151	123	102	113	132	90	76	77
Cash Conversion Cycle	67	54	74	127	74	32	20	17	23	5	7	21
Working Capital Days	86	41	42	-9	-94	24	29	6	-4	-11	-12	5
ROCE %		-3%	-5%	-10%	-8%	-8%	-2%	-0%	1%	9%	18%

Shareholding Pattern

Numbers in percentages

16 Recently

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Apr 2024
	50.98%	50.98%	50.98%	50.98%	53.78%	55.90%	55.90%	58.73%	60.02%	60.02%	60.80%	62.81%
	3.74%	3.46%	3.47%	0.01%	0.00%	0.00%	0.00%	0.09%	0.67%	2.57%	3.05%	2.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.07%	0.07%
	45.28%	45.56%	45.56%	49.02%	46.22%	44.09%	44.09%	41.12%	39.30%	37.40%	36.07%	34.23%
No. of Shareholders	9,979	10,799	12,055	13,239	13,100	13,161	13,588	13,409	16,800	18,189	21,499	21,499

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Apr 2024
	65.13%	58.41%	58.41%	50.98%	50.98%	50.98%	55.90%	60.80%	62.81%
	3.61%	3.16%	3.16%	2.75%	2.75%	3.47%	0.00%	3.05%	2.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.07%
	31.25%	38.43%	38.43%	46.27%	46.27%	45.56%	44.09%	36.07%	34.23%
No. of Shareholders	9,208	8,844	7,757	7,213	7,107	12,055	13,588	21,499	21,499

* 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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Jai Balaji Industries Ltd

Jai Balaji Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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