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 ₹ 195 Cr.
- Current Price ₹ 86.2
- High / Low ₹ 148 / 70.0
- Stock P/E 10.7
- Book Value ₹ 73.5
- Dividend Yield 0.00 %
- ROCE 16.5 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.17 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 90.0 to 127 days.
- Company's cost of borrowing seems high
* 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
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 187 | 132 | 75 | 141 | 246 | 303 | 367 | 548 | |
| Sales growth | -30% | -43% | +88% | +75% | +23% | +21% | +49% | |
| 180 | 127 | 73 | 129 | 223 | 271 | 324 | 514 | |
| Operating Profit | 8 | 5 | 2 | 12 | 23 | 32 | 43 | 34 |
| OPM % | 4.1% | 3.8% | 3.0% | 9% | 10% | 10% | 12% | 6% |
| 1 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | |
| Interest | 6 | 4 | 3 | 4 | 5 | 6 | 7 | 8 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 5 |
| Profit before tax | 1 | 0 | -1 | 7 | 18 | 25 | 34 | 22 |
| Tax % | 30% | 33% | 2% | 20% | 25% | 22% | 26% | 19% |
| 1 | 0 | -1 | 6 | 14 | 19 | 25 | 18 | |
| EPS in Rs | 0.57 | 0.03 | -0.71 | 3.31 | 7.56 | 10.76 | 11.25 | 8.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 31% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 75% |
| 3 Years: | 10% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 20% |
| Last Year: | 12% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 18 | 23 | 23 |
| Reserves | 23 | 23 | 22 | 27 | 40 | 45 | 125 | 143 |
| 27 | 21 | 27 | 27 | 31 | 24 | 24 | 32 | |
| 31 | 25 | 4 | 38 | 34 | 50 | 57 | 140 | |
| Total Liabilities | 84 | 73 | 56 | 95 | 109 | 137 | 229 | 338 |
| 7 | 10 | 10 | 5 | 6 | 5 | 31 | 36 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 1 | 0 |
| Investments | 0 | 0 | 0 | 4 | 4 | 4 | 0 | 0 |
| 77 | 62 | 46 | 86 | 100 | 125 | 196 | 301 | |
| Total Assets | 84 | 73 | 56 | 95 | 109 | 137 | 229 | 338 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 11 | -1 | 8 | 5 | 15 | -34 | 30 | ||
| -5 | -3 | -0 | -1 | -5 | -18 | -30 | ||
| -9 | 4 | -4 | -1 | -13 | 52 | 0 | ||
| Net Cash Flow | -2 | -0 | 3 | 4 | -3 | 0 | 0 | |
| Free Cash Flow | 7 | -2 | 8 | 4 | 10 | -52 | 21 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 237% | -50% | 78% | 41% | 63% | -58% | 101% |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 92 | 115 | 71 | 77 | 65 | 78 | 127 |
| Inventory Days | 47 | 65 | 99 | 157 | 61 | 64 | 93 | 36 |
| Days Payable | 62 | 75 | 12 | 114 | 52 | 58 | 55 | 95 |
| Cash Conversion Cycle | 70 | 82 | 201 | 114 | 85 | 72 | 116 | 68 |
| Working Capital Days | 44 | 53 | 109 | 55 | 48 | 57 | 115 | 66 |
| ROCE % | 9% | 3% | 22% | 35% | 38% | 32% | 16% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| CRGO Capacity Utilization % |
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| CRGO Production Volume MT |
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| Installed CRGO Capacity MTPA |
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| Top 10 Customer Concentration % |
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| North Zone Revenue Share % |
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| Active Client Count count |
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| EPC Order Book INR Crore |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026; shares remain entirely in demat form.
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Structural Digital Database
- Submitted SDD compliance certificate for quarter ended September 30, 2026; no non-compliances reported.
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Change in Director(s)
- Shareholders approved reappointment of Mudit Aggarwal as director effective September 26, 2026.
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Shareholders meeting
- 38th AGM held September 26, 2026; all five resolutions passed, including borrowing powers and charge creation.
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Trading Window
- Trading window closed from October 1, 2026 until 48 hours after H1 FY26 results.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Concalls
-
May 2026Transcript PPT
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Nov 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Sep 2024PPT
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.