Jay Bee Laminations Ltd
Incorporated in 1988, Jay Bee Laminations Ltd manufactures CRGO silicons They recently discontinued CRNGO silicon steel cores recently in H1FY25.[1]
- Market Cap ₹ 404 Cr.
- Current Price ₹ 179
- High / Low ₹ 456 / 179
- Stock P/E 15.9
- Book Value ₹ 65.4
- Dividend Yield 0.00 %
- ROCE 32.1 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 248% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 - Medium / Small
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 187 | 132 | 75 | 141 | 246 | 303 | 367 | |
| 180 | 127 | 73 | 129 | 223 | 270 | 324 | |
| Operating Profit | 8 | 5 | 2 | 13 | 23 | 33 | 43 |
| OPM % | 4% | 4% | 3% | 9% | 10% | 11% | 12% |
| 1 | 1 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 6 | 4 | 3 | 4 | 5 | 6 | 7 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 1 | 0 | -1 | 8 | 18 | 26 | 34 |
| Tax % | 30% | 33% | 2% | 23% | 25% | 26% | 26% |
| 1 | 0 | -1 | 6 | 14 | 19 | 25 | |
| EPS in Rs | 34.00 | 2.00 | -42.67 | 193.00 | 453.33 | 10.75 | 11.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 38% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 248% |
| 3 Years: | 63% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 30% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 18 | 23 |
| Reserves | 23 | 23 | 22 | 28 | 40 | 45 | 125 |
| 27 | 21 | 27 | 27 | 31 | 24 | 24 | |
| 31 | 25 | 4 | 39 | 34 | 44 | 57 | |
| Total Liabilities | 84 | 73 | 56 | 97 | 109 | 131 | 229 |
| 7 | 10 | 10 | 9 | 6 | 5 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 | 4 | 4 | 7 |
| 77 | 62 | 46 | 88 | 100 | 119 | 196 | |
| Total Assets | 84 | 73 | 56 | 97 | 109 | 131 | 229 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 11 | -1 | 3 | 5 | 16 | -35 | ||
| -5 | -3 | 0 | -1 | -5 | -18 | ||
| -9 | 4 | -3 | -1 | -13 | 52 | ||
| Net Cash Flow | -2 | -0 | -0 | 4 | -3 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 92 | 115 | 71 | 77 | 65 | 78 |
| Inventory Days | 47 | 65 | 99 | 157 | 61 | 65 | 93 |
| Days Payable | 62 | 75 | 12 | 114 | 52 | 58 | 55 |
| Cash Conversion Cycle | 70 | 82 | 201 | 114 | 85 | 72 | 116 |
| Working Capital Days | 83 | 101 | 203 | 124 | 85 | 82 | 131 |
| ROCE % | 9% | 3% | 22% | 35% | 40% | 32% |
Documents
Announcements
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Structural Digital Database
17 May 2025 - Submission of SDD Compliance Certificate for FY ended March 31, 2025.
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Updates
15 May 2025 - Promoters declare no encumbrance on shares for FY 2024-25 as per SEBI regulations.
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Analysts/Institutional Investor Meet/Con. Call Updates
5 May 2025 - Jay Bee reports 32% volume growth, ₹17 Cr PGCIL orders, new capacity and transformer manufacturing plans.
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Analysts/Institutional Investor Meet/Con. Call Updates
30 April 2025 - Audio/video link of Jay Bee Laminations H2 & FY 2024-25 earnings call shared.
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Investor Presentation
29 April 2025 - FY25 investor presentation: 32% volume growth, 400 kV approval, capacity expansion, Unit III starting May 2025.
Annual reports
Concalls
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May 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Sep 2024TranscriptNotesPPT
Business Overview:[1]
JBLL is a manufacturer specializing in cold-rolled grain-oriented (CRGO) silicon steel cores, producing cut laminations, slit coils, and assembled cores. These components are primarily for the power and distribution transformer industry, currently catering to transformers up to 220 kV. It aims to expand into the high-voltage segment, targeting power transformers in the 400 kV and 765 kV range by the second half of FY2025.