JAI Balaji Industries Ltd
NSE: JAIBALAJI · Iron & Steel · sector
₹62.90NSE close 2026-10-26
Key numbers
Market cap₹5,738 cr
Price₹62.90
52w high / low₹98 / ₹54
P/E39.8xSector median 16.4x
P/B2.5xSector median 2.1x
Book value₹24.8
Dividend yield–Sector median 0.39%
ROE6.6%Sector median 9.1%
ROCE10.1%Sector median 10.1%
OPM6.0%Sector median 12.4%
Debt / equity0.18xSector median 0.35x
EV/EBITDA16.6xSector median 8.1x
Interest cover4.3x
Current ratio1.25x
Sales growth 3y-1.9%Sector median +1.5%
Profit growth 3y+31.0%Sector median +15.7%
PEG2.41x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹60 cr vs borrowings ₹407 cr (FY26): borrowings are higher by ₹346 cr.
- Operating profit covered interest 4.3x in the last 12 months.
- 31.09% of the promoters' shares are pledged (20.2% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY24).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 19% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹62.90 on 2026-10-26: -35.9% from the 52-week high, +17.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹167.20 · low ₹57.76
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,557 | 1,486 | 1,590 | 1,357 | 1,353 | 1,329 | 1,745 | 1,683 |
| EBITDA | 228 | 190 | 133 | 127 | 72 | 54 | 89 | 151 |
| OPM % | 14.7% | 12.8% | 8.4% | 9.4% | 5.3% | 4.1% | 5.1% | 9.0% |
| Other income | 22 | 18 | 19 | 16 | 13 | 8 | 3 | 3 |
| Net profit | 153 | 120 | 75 | 71 | 26 | 12 | 21 | 85 |
| EPS (₹) | 1.68 | 0.26 | 0.83 | 0.77 | 0.29 | 0.13 | 0.23 | 0.93 |
| Revenue YoY | -13.1% | -10.6% | +9.8% | +24.0% | ||||
| Profit YoY | -82.7% | -90.4% | -71.7% | +20.8% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,644 | 6,125 | 6,414 | 6,351 | 5,784 | 6,110 |
| EBITDA | 208 | 256 | 906 | 867 | 346 | 367 |
| Net profit | 48 | 58 | 880 | 558 | 130 | 145 |
| EPS (₹) | 0.87 | 0.90 | 11.16 | 6.25 | 1.42 | 1.58 |
| Revenue growth | +31.9% | +4.7% | -1.0% | -8.9% | +2.0% | |
| Profit growth | +20.3% | +1,420.7% | -36.6% | -76.7% | -65.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.9% | +15.7% | +2.0% |
| Net profit | +31.0% | – | -65.5% |
| EPS | +16.5% | – | – |
| Share price | – | -44.5% (2y) | -28.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 556 | 1,504 | 2,125 | 2,258 |
| Borrowings | – | 860 | 472 | 558 | 407 |
| Cash & equivalents | – | 51 | 91 | 126 | 60 |
| Total assets | – | 2,960 | 3,354 | 3,891 | 4,077 |
| Fixed assets | – | 1,131 | 1,382 | 1,609 | 1,556 |
| Capital work in progress | – | 69 | 116 | 127 | 294 |
| Investments | – | 1 | 1 | 1 | 1 |
| Receivables | – | 229 | 242 | 430 | 330 |
| Inventory | – | 821 | 950 | 1,248 | 1,419 |
| Payables | – | 899 | 870 | 714 | 794 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 463 | 321 | 839 | 311 | 358 |
| Cash from investing | -124 | -118 | -398 | -352 | -242 |
| Cash from financing | -351 | -192 | -416 | 88 | -209 |
| Capex | 127 | 92 | 381 | 358 | 248 |
| Free cash flow | 335 | 228 | 457 | -47 | 110 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 10.4% | 58.5% | 26.3% | 5.8% |
| ROCE % | – | 13.7% | 52.4% | 31.3% | 9.7% |
| Debtor days | – | 14 | 14 | 25 | 21 |
| Inventory days | – | 70 | 84 | 112 | 125 |
| Payable days | – | 76 | 77 | 64 | 70 |
| Cash conversion cycle (days) | – | 8 | 21 | 73 | 76 |
| Working capital days | – | -22 | 0 | 24 | 26 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.84% |
| FIIs | 2.77% |
| DIIs | 0.11% |
| of which Mutual funds | 0.08% |
| Public (non-institutions) | 32.28% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% | 64.84% |
| Promoter group | % |
|---|---|
| Hariaksh Industries Private Limited | 17.54% |
| JAI Salasar Balaji Industries Private Limited | 13.77% |
| Shri Keshrinandan Trade Private Limited | 8.22% |
| Shri Mahatejas Vinimay Private Limited | 8.22% |
| Enfield Suppliers Limited | 6.15% |
| Hari Management Limited | 3.86% |
| Aditya Jajodia | 1.94% |
| Sanjiv Jajodia | 1.52% |
| K.d.jajodia Steel Industries Private Limited | 1.32% |
| Rajiv Jajodia | 0.86% |
| Aashish Jajodia | 0.44% |
| Vedang Jajodia | 0.30% |
| Shashi Devi Jajodia | 0.20% |
| Sangeeta Jajodia | 0.16% |
| Seema Jajodia | 0.12% |
| Public holders above 1% | % |
|---|---|
| Mahananda Securities Limited | 4.61% |
| Mahesh Kumar Keyal | 3.50% |
| OCL Iron & Steels Limited | 3.03% |
| Aryan Mining & Trading Corpn Private Limited | 1.74% |
| Suraj Khandelwal | 1.41% |
46,490 shareholders. Pledged: 31.09% of promoter shares.
Peers in Iron & Steel
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | ₹3,07,440 cr | 12.4x | 3.1x | 27.6% | 21.2% | 25.8% | +3.8% | 0.22% |
| TATASTEEL | ₹2,11,990 cr | 19.2x | 2.1x | 11.4% | 12.1% | 14.6% | -1.6% | 2.12% |
| JINDALSTEL | ₹1,05,841 cr | 38.9x | 2.1x | 5.5% | 7.4% | 15.0% | +0.3% | 0.20% |
| SAIL | ₹70,136 cr | 16.4x | 1.2x | 7.2% | 8.0% | 11.3% | +2.0% | 0.94% |
| JSL | ₹56,775 cr | 17.0x | 2.7x | 17.0% | 17.8% | 12.4% | +6.4% | 0.43% |
| SARDAEN | ₹15,738 cr | 13.9x | 2.1x | 16.6% | 17.6% | 32.4% | +10.6% | 0.34% |
| NSLNISP | ₹11,300 cr | 124.4x | 0.9x | 0.6% | 3.3% | 10.8% | – | – |
| SANDUMA | ₹7,632 cr | 10.7x | 2.3x | 24.4% | 25.5% | 22.9% | – | 0.27% |
| JAIBALAJI | ₹5,738 cr | 39.8x | 2.5x | 6.6% | 10.1% | 6.0% | -1.9% | – |
| PRAKASH | ₹1,979 cr | 6.3x | 0.6x | 9.1% | 9.4% | 15.1% | +0.3% | 1.36% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2025-01-17 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2024-09-06 | Other | Annual General Meeting |
| 2023-09-14 | Other | Annual General Meeting |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-10-21 | Other | Annual General Meeting |
| 2019-09-11 | Other | Annual General Meeting |
| 2018-09-11 | Other | Annual General Meeting |
| 2017-09-06 | Other | Annual General Meeting |
| 2016-09-09 | Other | Annual General Meeting |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-05 | Other | Annual General Meeting |
| 2012-12-11 | Other | Annual General Meeting |
| 2011-09-15 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
| 2010-09-16 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
| 2009-09-03 | Other | Agm/Div-Re.0.40 Per Share |
| 2008-09-11 | Dividend | Agm/Dividend - 10% |
| 2007-09-21 | Dividend | Agm/Dividend-8.5% |
| 2006-09-19 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Metal and metal products
| Sector | Commodities |
| Industry | Iron & Steel |
| Sub-industry | Iron & Steel |
| Symbol | JAIBALAJI |
| BSE code | 532976 |
| ISIN | INE091G01026 |
| Face value | ₹2.0 |
| Incorporated | 1999-07-01 |
| Website | www.jaibalajigroup.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.