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Jai Balaji Industries Ltd share Price Today

Company details

1,048.00
1,105.00
42.10
1,135.00
6M Return 374.06%
1Y Return 1,948.30%
Mkt Cap.(Cr) 17,418.45
Volume 215,226
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 215,226

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Iron & Steel/Intermediate products company Jai Balaji Industries announced Q3FY24 & 9MFY24 results:

Quarterly Financial Performance (Q3FY24):
- Revenue: Jai Balaji Industries reported a marginal increase in revenues from operations in Q3FY24, reaching Rs 1,538.99 crore, which represents a 0.13% growth over Q3FY23, which stood at Rs 1,536.95 crore.
- EBITDA: The company achieved its highest-ever quarterly EBITDA of Rs 246.80 crore in Q3FY24, marking a substantial increase of 250.57% from Rs 70.40 crore in the same quarter of the previous year.
- Profit After Tax (PAT): PAT saw a rise to Rs 234.60 crore in Q3FY24 compared to Rs 27.91 crore in Q3FY23, which is an increase of 740.56%.

Nine Months Financial Highlights (9MFY24):
- Revenue: For the 9 months ofFY24, revenue from operations was Rs 4,568.18 crore, a 3.80% improvement from Rs 4,401.06 crore in 9MFY23.
- EBITDA: The EBITDA saw an impressive YoY growth of 245.15%, climbing to Rs 665.46 crore from Rs 192.80 crore.
- PAT: PAT increased by 755.42%, reaching Rs 606.58 crore up from Rs 70.91 crore for the same period of the previous fiscal year.

Strategic Developments and Goals:
- The company highlighted its agreements and refinancing initiatives such as securing a loan of Rs 559 crore to refinance existing debts.
- JBIL announced its goal to become a net debt-free company and declared a capex plan of around Rs.1,000 crore for the next 15-18 months, intended for capacity enhancement and the advancement of value-added products.

Aditya Jajodia, Chairman and Managing Director, said, “Jai Balaji Industries has come a long way to achieve such strong results today. I am happy to share that we have achieved an EBITDA of Rs 246.80 crore and PAT of Rs 234.60 crore during this quarter. The company faced tough challenges in the last few years which have been resolved with the commitment, hard work, faith, and resilience of the management and stakeholders. Jai Balaji 2.0 aims to transition into a high-margin business, and we plan to achieve the same by lowest cost capex for capacity enhancement, economies of scale, operational efficiencies, and becoming net debt-free in the next 18 Months and focusing on specialized products like DI Pipes and special-grade Ferro Alloys. The turnaround of the company is a story of resilience and strategic transformation, turning setbacks into opportunities and reshaping its trajectory for sustained success. Going forward, we at Jai Balaji Industries are confident that our revised vision and strategies will lead to strong performances ahead.”

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Jai Balaji Industries Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (0)

Data not found

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • Companies Increasing Debt as per Annual Report

Resistance and support

R1 1,111.1
R2 1,136.5
R3 1,168.1
Pivot

1,079.53

S1 1,054.1
S2 1,022.5
S3 997.1
EMA SMA
1,002.9
910.5
757.1
553.5
1,028.0
910.3
738.7
452.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
S M NIRYAT PRIVATE LIMITED Bulk Purchase 2023-07-20 112 1150000 BSE
ASHIKA GLOBAL FINANCE PRIVATE LIMITED . Bulk Sell 2023-07-20 112 1150000 BSE
S M NIRYAT PRIVATE LIMITED Block Purchase 2023-07-20 112 1150000 BSE
Name Category Shares
ADITYA JAJODIA PROMOTER 2.21%
SANJIV JAJODIA PROMOTER 1.73%
RAJIV JAJODIA PROMOTER 0.98%
JAI SALASAR BALAJI INDUSTRIES PRIVATE LIMITED PROMOTER 15.65%
HARIAKSH INDUSTRIES PRIVATE LIMITED PROMOTER 12.46%
ENFIELD SUPPLIERS LIMITED PROMOTER 6.99%
SHRI KESHRINANDAN TRADE PRIVATE LIMITED PROMOTER 6.23%
SHRI MAHATEJAS VINIMAY PRIVATE LIMITED PROMOTER 6.23%
HARI MANAGEMENT LIMITED PROMOTER 4.39%
K.D. JAJODIA STEEL INDUSTRIES PRIVATE LIMITED PROMOTER 1.5%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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Jai Balaji Industries Ltd Stocks COMPARISON

Financials( in Cr) Jai Balaji Inds. JSW Steel Tata Steel Jindal Steel S A I L
Price 1,085.60 828.25 143.90 771.50 130.20
% Change 2.59 0.86 2.02 1.51 -0.12
Mcap Cr 17,418.45 202,544.73 179,638.03 78,699.79 53,779.44
Revenue TTM Cr 6,125.07 165,960.00 243,352.69 53,211.52 104,447.72
Net Profit TTM Cr 57.83 4,139.00 8,075.35 3,974.09 2,176.53
PE TTM 29.37 18.72 73.02 14.17 15.92
1 Year Return 1,948.30 14.50 28.08 29.70 51.31
ROCE 6.72 8.60 12.10 14.17 5.25
ROE 6.74 6.22 7.48 13.27 3.57
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 556.07 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,824.63 -9,772.28
LAST 3M 65,175.33 -16,975.49
LAST 6M 122,507.98 12,725.86
LAST 12M 182,016.31 174,837.59

Jai Balaji Industries Ltd Information

Stock PE (TTM)
29.37
Promoter Holding
60.02%
Book Value
61.4873
ROCE
6.72%
ROE
6.74%
Description
  • Jai Balaji Industries Ltd, the flagship company of Jai Balaji Group is one of the largest steel producers in the private sector in Eastern India. The company is an integrated steel manufacturer. Their products includes sponge iron, pig iron, reinforcement steel TMT bars, alloy and mild steel ingots & wire rod and carbon, alloy & mild steel heavy rounds. They are having five manufacturing facilities located at Durgapur and Raniganj in West Bengal and Durg in Chhattisgarh. The company also manufactures Thermex TMT Bars, under the brand name Balaji Shakti, which is a respected name among civil contractors and real estate developers for quality steel. In addition, they have supplied steel to various projects of National importance undertaken by National Hydro-Electric Power Corporation Ltd., National Highway Authorities of India, etc. Jai Balaji Industries Ltd was incorporated in the year 1999 as Jai Balaji Sponge Ltd. The company set up their first Mini DRI Plant in West Bengal. In the year 2000, they established their first sponge iron plant with the initial capacity of 50 tonnes per day. In October 2003, the company made an initial public offer of one-crore equity shares having face value of Rs 10 each. In September 2005, the company commissioned a power plant with installed capacity of 12 MW per annum and a ferro alloy plant with installed capacity of 30,000 MT per annum at Ranigunj in West Bengal. During the year 2006-07, the company increased the capacity of steel bars/rods by 180,000 tonne per annum and billet/MS ingots by 58,806 tonne per annum. In addition, they commissioned a 40 MW captive power plant during the year. Shri Ramrupai Balaji Steels Ltd amalgamated with the company with effect from April 1, 2006, which had a sponge iron plant with the capacity 120,000 tonne per annum, blast furnace with the capacity 80,500 tonne per annum, steel bars/rods with the capacity 80,000 tonne per annum and billet/MS ingots with the capacity 176,418 tonne per annum. In March 2007, the company commissioned the blast furnace with the installed capacity of 28,750 MT per annum to produce pig iron. They changed the name of the company from Jai Balaji Sponge Ltd to Jai Balaji Industries Ltd with effect from June 22, 2007. During the year 2007-08, the company acquired the steel division of HEG Ltd in Chhattisgarh having a sponge iron plant with the capacity of 120,000 MT per annum, steel-melting shop with the capacity of 100,000 MT per annum and a 12.8 MW captive power plant. In October 2007, the company acquired 100% shareholding of Nilachal Iron & Power Ltd in Jharkhand having a sponge iron plant with the capacity of 100,000 MT per annum. The company signed a Memorandum of Agreement with the Government of West Bengal for setting up an integrated steel plant of 5 million tonnes per annum capacity, a cement plant of 3 million tonnes per annum capacity and a captive power plant of 1,215 MW capacity in Purulia, West Bengal at a total investment of Rs 16,000 crore. During the year 2008-09, the company entered into a joint venture agreement with JSW Steel Ltd and Bhushan Power & Steel Ltd and formed a company namely Rohne Coal Company Pvt Ltd to acquire 6.90% stake in a coal block. In June 2, 2008, the company listed their equity shares on Bombay Stock Exchange Ltd. In August 2008, the company signed an MoU with the Government of Chhattisgarh for setting up an integrated steel plant in Chhattisgarh and in September 2008, they signed another MoU with Government of Chhattisgarh and Chhattisgarh State Electricity Board for setting up a 600 MW thermal power project in Chhattisgarh. In September 15, 2008, the sinter plant at Durgapur with the installed capacity of 6.08 lakh MTPA commenced its production and in March 18, 2008, the electric arc furnace plant at Durgapur with the installed capacity of 4.33 lakh MTPA commenced its production. The company commissioned ferro alloy plant with a capacity of 0.25 lakh MTPA and started trial production with effect June 02, 2009. The Ferro Alloy plant at Durgapur with a capacity of 0.25 lacs MTPA commenced commercial production w.e.f. 17th August, 2009. The Ductile Iron Pipe Plant at Durgapur with a capacity of 2.40 lacs MTPA had commenced commercial production with effect from November 3, 2010. The Company had three wholly owned subsidiaries namely, Nilachal Iron & Power Limited, Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited. Both Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited were incorporated on 1st November, 2010. The DRI Plant of 60000 MT & coal washery in subsidiary company M/s Nilachal Iron & Power Limited was commissioned in 2012. The project for expansion of 350000 MTPA Coke Oven Plant along with Waste Heat Recovery Boiler of 80 TPH got completed in 2012-13.

Registered Address

5 Bentinck Street, 1st Floor, Kolkata, West Bengal, 700001

Tel : 91-33-22489808
Email : jaibalaji:jaibalajigroup.com
Website : http://www.jaibalajigroup.com
Registrar

S K Computers

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532976
NSE Code : JAIBALAJI
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE091G01018

FAQ’s on Jai Balaji Industries Ltd Shares

You can buy Jai Balaji Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jai Balaji Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 21, 2024 04:12 PM the closing price of Jai Balaji Industries Ltd was ₹ 1,085.60.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 21, 2024 04:12 PM, the market cap of Jai Balaji Industries Ltd stood at ₹ 17,418.45.

The latest PE ratio of Jai Balaji Industries Ltd as of Feb 21, 2024 04:12 PM is 29.37

The latest PB ratio of Jai Balaji Industries Ltd as of Feb 21, 2024 04:12 PM is 0.06

The 52-week high of Jai Balaji Industries Ltd is ₹ 1,135.00 while the 52-week low is ₹ 42.10

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