Jainam Ferro Alloys (I) Ltd

₹ 173 -4.68%

02 Nov - close price

About

Incorporated in 2014, Jainam Ferro Alloys Ltd is in the business of manufacturing Ferro
Alloy Metals^[1]

Key Points

Business Overview:^[1]^[2]
JFAL is a manufacturer and exporter
of niche value-added manganese alloys.
It provides customised manganese alloys
to steel companies in India and abroad.
They are used to add manganese and
remove oxygen/impurities during the
steelmaking. The company also does
trading of manganese ore, used as a
raw material in manufacturing Ferro
alloys

Website NSE - SM

Market Cap ₹ 203 Cr.
Current Price ₹ 173
High / Low ₹ 312 / 169
Stock P/E 29.6
Book Value ₹ 135
Dividend Yield 0.00 %
ROCE 6.75 %
ROE 4.55 %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 28.2 to 17.4 days.
Company's working capital requirements have reduced from 32.8 days to 25.2 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 5.97% over last 3 years.
Promoter holding has decreased over last 3 years: -7.22%

* 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

Commodities Metals & Mining Ferrous Metals Ferro & Silica Manganese

Part of Nifty SME Emerge

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Detailed Comparison with:

Half Yearly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	Sep 2026
	99	91	114	107	108	98	116
YoY Sales growth			+15%	+19%	-5%	-9%	+7%
	93	91	103	105	101	96	104
Operating Profit	6	-1	11	3	7	1	12
OPM %	6%	-0.8%	10%	2.7%	7%	1.4%	11%
	3	3	2	3	3	3	2
Interest	1	1	1	1	1	1	1
Depreciation	1	1	2	1	2	2	5
Profit before tax	7	0	10	3	7	1	8
Tax %	26%	119%	24%	40%	26%	19%	26%
	5	-0	8	2	5	1	6
EPS in Rs	5.11	-0.04	7.57	1.90	4.59	0.97	4.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	TTM
	190	222	206	214
Sales growth		+17%	-7%	-1%
	185	208	198	201
Operating Profit	5	14	9	14
OPM %	2.8%	6%	4.2%	6%
	5	5	6	4
Interest	2	2	2	2
Depreciation	2	4	4	7
Profit before tax	8	14	9	9
Tax %	30%	28%	25%
	5	10	7	7
EPS in Rs	5.07	9.47	5.57	5.85
Dividend Payout %	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-1%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-7%

Stock Price CAGR
10 Years:	%
5 Years:	13%
3 Years:	12%
1 Year:	-38%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	6%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	11	11	12	12
Reserves	94	122	135	147
	10	2	22	16
	27	45	34	47
Total Liabilities	142	180	202	221
	6	18	25	99
CWIP	12	0	58	0
Investments	27	34	26	36
	97	127	93	86
Total Assets	142	180	202	221

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	Mar 2026
	3	-2	30
	-12	-2	-61
	8	3	30
Net Cash Flow	-0	-1	0
Free Cash Flow	-10	-6	-38
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	114%	8%	391%

Ratios

Consolidated / View Standalone

	Mar 2024	Mar 2025	Mar 2026
Debtor Days	40	28	17
Inventory Days	58	88	83
Days Payable	62	104	85
Cash Conversion Cycle	36	12	15
Working Capital Days	43	30	25
ROCE %		13%	7%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Installed Furnace Capacity
MVA ・Standalone data

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				xx	xxx	xxx	xxx	xxx
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Number of Furnaces
count ・Standalone data

Ferro Manganese Share of Gross Revenue
% ・Standalone data

Silico Manganese Share of Gross Revenue
% ・Standalone data

Permanent Employees on Rolls
count ・Standalone data

Captive Solar Power Plant Capacity
MWp ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Oct 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Apr 2025	Sep 2025	Mar 2026	Sep 2026
	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	73.47%	66.25%	66.25%	66.25%	66.25%
	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	26.53%	33.75%	33.75%	33.75%	33.75%
No. of Shareholders	777	437	451	488	534	542	503	422	418	479	475	620

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	73.47%	73.47%	73.47%	73.47%	66.25%	66.25%
	26.53%	26.53%	26.53%	26.53%	33.75%	33.75%
No. of Shareholders	437	488	542	422	475	620

Documents

Announcements

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Annual reports

DRHP

Concalls

Nov 2022
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