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Jai Balaji Industries Ltd share Price Today

Company details

890.90
909.75
73.10
1,314.00
6M Return 19.16%
1Y Return 1,078.34%
Mkt Cap.(Cr) 15,382.54
Volume 18,932
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 18,932

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Iron & Steel products company Jai Balaji Industries announced Q4FY24 & FY24 results:

Financial Highlights:

  • Total income grew by 15% YoY to Rs 2,002 crore in Q4FY24. For the full year FY24, total income grew by 8% YoY to Rs 6,629 crore.
  • EBIDTA stood at Rs 397 crore in Q4FY24 with an EBIDTA margin of 20%. During the year FY24, EBIDTA was at Rs 1,121 crore with an EBIDTA margin of 17%.
  • PAT of Rs 273 crore in Q4FY24 and Rs 880 crore in FY24 

Aditya Jajodia, Chairman and Managing Director “Jai Balaji Industries Itd. has experienced a transformative year marked by substantial growth, driven by strong performance and a significant increase in sales for value-added products. I am happy to report that we have achieved an impressive EBITDA of Rs 1,121 crore and a PAT of Rs 880 crore this year. Going forward, we focus on increasing our share in value added products which shall further improve margins.

Our strategic focus remains on specialized products such as DI Pipes and Special-grade Ferro Alloys, which presently contributes to around 50% percent to our revenue and the increase in sales will help in achieving higher growth in forth coming quarters. We take pride in being India’s largest recognized producer of special-grade Ferro Alloys wherein substantial share comes from exports.

Our company has been contributing to the ambitious projects of the government namely Jal Jeevan Mission and AMRUT by actively providing supplies of DI pipes and its also enhancing its capacities which will help in contributing to the initiatives taken by the govt .for nation building and by providing safe drinking water to all. Looking ahead, we are committed to achieving further success through cost-effective capacity enhancement, cost cutting measures, leveraging economies of scale, operational efficiencies, and aiming to become net debt-free within the next fifteen months.”

Result PDF

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Jai Balaji Industries Ltd shares SWOT Analysis

Strengths (15)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (0)

Data not found

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Red Flags: Firms linked to ongoing regulatory investigations/legal cases
  • Increasing Trend in Non-Core Income

Resistance and support

R1 920.6
R2 938.8
R3 961.6
Pivot

897.80

S1 879.6
S2 856.8
S3 838.6
EMA SMA
905.3
936.4
923.7
791.8
894.7
953.9
1,008.3
809.5
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%
SANJIV JAJODIA PROMOTER 1.57%
RAJIV JAJODIA PROMOTER 0.88%
HARIAKSH INDUSTRIES PRIVATE LIMITED PROMOTER 18.03%
JAI SALASAR BALAJI INDUSTRIES PRIVATE LIMITED PROMOTER 14.15%
SHRI KESHRINANDAN TRADE PRIVATE LIMITED PROMOTER 8.45%
ENFIELD SUPPLIERS LIMITED PROMOTER 6.32%
SHRI MAHATEJAS VINIMAY PRIVATE LIMITED PROMOTER 5.64%
HARI MANAGEMENT LIMITED PROMOTER 3.97%
K.D. JAJODIA STEEL INDUSTRIES PRIVATE LIMITED PROMOTER 1.36%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Jai Balaji Industries Ltd Stocks COMPARISON

Financials( in Cr) Jai Balaji Industries Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 892.00 940.30 177.64 1,070.00 4,235.85
% Change -1.15 0.36 -1.28 -0.67 6.34
Mcap Cr 15,382.54 229,946.04 221,757.46 109,149.42 81,922.19
Revenue TTM Cr 6,125.07 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 57.83 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 17.65 27.19 0.00 18.51 115.97
1 Year Return 1,078.34 23.93 55.96 83.38 33.56
ROCE 6.72 8.60 12.10 14.17 33.06
ROE 6.74 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 556.07 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,841.27 9,567.52
LAST 3M 107,380.98 -15,756.42
LAST 6M 182,851.12 -2,333.61
LAST 12M 296,057.08 99,791.83

Jai Balaji Industries Ltd Information

Stock PE (TTM)
17.65
Promoter Holding
62.8%
Book Value
89.5133
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; info:jaibalajigroup.
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 Jun 24, 2024 01:09 PM the closing price of Jai Balaji Industries Ltd was Rs.892.00.

The latest PE ratio of Jai Balaji Industries Ltd as of Jun 24, 2024 01:09 PM is 17.65

The latest PB ratio of Jai Balaji Industries Ltd as of Jun 24, 2024 01:09 PM is 0.10

The 52-week high of Jai Balaji Industries Ltd share price is Rs. 1,314.00 while the 52-week low is Rs. 73.10

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 Jun 24, 2024 01:09 PM, the market cap of Jai Balaji Industries Ltd stood at Rs. 15,382.54 Cr.

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