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

₹ 1,140 -0.64%
11 Oct - 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 ₹ 20,803 Cr.
  • Current Price ₹ 1,140
  • High / Low ₹ 1,314 / 527
  • Stock P/E 22.7
  • Book Value ₹ 90.6
  • 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 2.04% over last quarter.

Cons

  • Stock is trading at 12.6 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
979 1,050 1,280 1,335 1,495 1,369 1,537 1,724 1,483 1,547 1,539 1,846 1,718
913 997 1,228 1,298 1,435 1,307 1,467 1,661 1,277 1,333 1,292 1,605 1,403
Operating Profit 66 53 52 37 60 63 70 63 205 213 247 241 316
OPM % 7% 5% 4% 3% 4% 5% 5% 4% 14% 14% 16% 13% 18%
1 1 8 21 7 5 2 21 8 28 23 156 10
Interest 22 24 24 29 21 22 20 26 21 19 15 18 16
Depreciation 22 23 23 23 24 25 25 25 21 21 21 23 22
Profit before tax 22 7 12 7 22 21 28 34 170 202 235 357 287
Tax % 0% 0% 0% 0% 0% 0% 0% 138% 0% 0% 0% 23% 27%
22 7 12 7 22 21 28 -13 170 202 235 273 209
EPS in Rs 2.04 0.64 1.08 0.60 1.98 1.66 1.92 -0.90 10.96 12.56 14.62 16.68 11.77
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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 TTM
1,545 1,972 1,506 1,220 1,702 2,389 3,077 2,912 2,785 4,692 6,125 6,414 6,650
1,624 1,946 1,537 1,379 1,815 2,482 3,054 2,876 2,689 4,484 5,795 5,485 5,633
Operating Profit -80 26 -31 -159 -113 -93 24 36 96 209 330 929 1,017
OPM % -5% 1% -2% -13% -7% -4% 1% 1% 3% 4% 5% 14% 15%
22 23 32 16 21 -22 36 49 10 29 -38 193 217
Interest 185 345 384 425 46 34 112 103 88 99 89 73 67
Depreciation 92 143 134 122 118 107 102 97 94 91 98 86 86
Profit before tax -334 -440 -518 -690 -256 -257 -154 -114 -76 48 105 963 1,080
Tax % -33% -24% -22% 0% 0% 0% 0% 0% 0% 0% 45% 9%
-224 -333 -406 -690 -256 -257 -154 -114 -76 48 58 880 918
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 55.63
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: 9%
Compounded Profit Growth
10 Years: 17%
5 Years: 52%
3 Years: 141%
TTM: 345%
Stock Price CAGR
10 Years: 53%
5 Years: 128%
3 Years: 175%
1 Year: 103%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 90%

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 -1,773 366 1,319
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 1,588 1,399
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 -119 -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 10 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 -11 5
ROCE % -3% -5% -10% -8% -8% -2% -0% 1% 9% 19% 64%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 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% 2.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.07% 0.08% 0.08%
45.56% 45.56% 49.02% 46.22% 44.09% 44.09% 41.12% 39.30% 37.40% 36.07% 33.15% 32.21%
No. of Shareholders 10,79912,05513,23913,10013,16113,58813,40916,80018,18921,49927,41227,700

* 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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