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Swing Capital

Jai Balaji Industries Ltd

NSE: JAIBALAJI BSE: 532976Metal

Incorporated in 1999, Jai Balaji Industries Limited is engaged in the manufacturing of Iron and Steel products [1]

₹76.1
52W: ₹53 — ₹139
PE 37.8 · Book ₹24.4 · +212% vs book
Market Cap₹6,946 Cr
Stock P/E37.8Price to Earnings
ROCE36.1%Return on Capital
ROE30.7%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company has delivered good profit growth of 48.2% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Promoters have pledged 31.1% of their holding.

Shareholding Pattern

Promoters64.84%
FIIs3%
DIIs0.11%
Public32.04%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters63.85%64.84%▲1.064.84%64.84%64.84%64.84%64.84%64.84%
FIIs2.92%3%▲0.13.23%▲0.23.56%▲0.33.63%▲0.13.48%▼0.13.7%▲0.23%▼0.7
DIIs0.08%0.09%▲0.00.1%▲0.00.11%▲0.00.11%0.12%▲0.00.12%0.11%▼0.0
Public33.15%32.05%▼1.131.83%▼0.231.5%▼0.331.41%▼0.131.56%▲0.131.34%▼0.232.04%▲0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,5471,5391,8461,7181,5571,4861,5901,3571,3531,329
Expenses1,3331,2921,6051,4031,3281,2961,4571,2301,2811,274
Operating Profit2132472413162281901331277254
OPM %14%16%13%18%15%13%8%9%5%4%
Net Profit20223527320915312075712612
EPS ₹2.512.923.342.351.681.320.830.770.290.13

AI Insights

Revenue Trend

TTM revenue at ₹5,629Cr, down 11.4% YoY. OPM at 7%.

Debt Position

Borrowings at ₹459Cr. Debt-to-equity ratio: 0.23x. Healthy balance sheet.

Capex Cycle

CWIP at ₹191Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.11% (+0.06pp change). FIIs: 3% (+2.91pp change). Promoters hold 64.84%.

Margin & Efficiency

ROCE improving from -3% (Mar 2014) to 36% (Mar 2025). Working capital days: 17.

Valuation

PE 37.8x with 36.1% ROCE. Price is 212% above book value of ₹24.4. Dividend yield: 0%.

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