Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jai Balaji Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:04 pm

Market Cap 16,836 Cr.
Current Price 923
High / Low1,314/572
Stock P/E19.4
Book Value 106
Dividend Yield0.00 %
ROCE63.6 %
ROE90.2 %
Face Value 10.0
PEG Ratio0.17

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jai Balaji Industries Ltd

Competitors of Jai Balaji Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chennai Ferrous Industries Ltd 47.9 Cr. 133175/10310.9 1410.00 %10.2 %5.85 % 10.0
Bihar Sponge Iron Ltd 137 Cr. 15.226.8/9.5012.8 5.610.00 %11.0 %% 10.0
Ashirwad Steels & Industries Ltd 42.3 Cr. 33.867.6/31.516.4 65.70.00 %4.08 %2.84 % 10.0
Vaswani Industries Ltd 143 Cr. 48.273.9/23.013.9 42.20.00 %13.3 %7.76 % 10.0
Sarda Energy & Minerals Ltd 14,564 Cr. 414525/18024.4 1680.24 %15.3 %14.1 % 1.00
Industry Average17,412.00 Cr318.6029.13109.680.09%20.20%19.92%7.55

All Competitor Stocks of Jai Balaji Industries Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6807949969791,0501,2801,3351,4951,3691,5371,7241,4831,547
Expenses6577389389139971,2281,2981,4351,3071,4671,6611,2771,333
Operating Profit2356586653523760637063205213
OPM %3%7%6%7%5%4%3%4%5%5%4%14%14%
Other Income1451182175221828
Interest22232122242429212220262119
Depreciation24242322232323242525252121
Profit before tax-22142022712722212834170202
Tax %0%0%0%0%0%0%0%0%0%0%138%0%0%
Net Profit-221420227127222128-13170202
EPS in Rs-2.041.251.782.040.641.080.601.981.661.92-0.9010.9612.56

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,9561,5451,9721,5061,2201,7022,3893,0772,9122,7854,6926,1256,292
Expenses2,9051,6241,9461,5371,3791,8152,4823,0542,8762,6894,4845,7955,563
Operating Profit50-8026-31-159-113-93243696209330729
OPM %2%-5%1%-2%-13%-7%-4%1%1%3%4%5%12%
Other Income252223321621-2236491029-3880
Interest327185345384425463411210388998981
Depreciation144921431341221181071029794919887
Profit before tax-395-334-440-518-690-256-257-154-114-7648105641
Tax %28%33%24%22%0%0%0%0%0%0%0%45%
Net Profit-283-224-333-406-690-256-257-154-114-764858594
EPS in Rs-44.31-35.04-49.52-55.04-88.68-29.64-26.63-15.94-10.35-6.864.353.9837.24
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-48.66%-21.92%-69.95%62.90%-0.39%40.08%25.97%33.33%163.16%20.83%
Change in YoY Net Profit Growth (%)0.00%26.74%-48.03%132.85%-63.29%40.47%-14.10%7.36%129.82%-142.32%

Jai Balaji Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:16%
3 Years:32%
TTM:6%
Compounded Profit Growth
10 Years:17%
5 Years:52%
3 Years:141%
TTM:125%
Stock Price CAGR
10 Years:50%
5 Years:115%
3 Years:152%
1 Year:54%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:90%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital64677478869696110110110145164182
Reserves442121-269-960-1,324-1,523-1,676-1,768-1,844-1,7733661,3191,746
Borrowings2,4382,6783,0763,5283,6023,5103,6383,4643,4343,169860473432
Other Liabilities1,1741,2531,2121,2871,1641,1541,1451,1731,3061,4631,5881,3991,398
Total Liabilities4,1184,1204,0933,9333,5283,2383,2042,9793,0062,9692,9603,3543,758
Fixed Assets2,0941,9531,8091,6911,5831,4091,3241,2381,1811,1651,1321,3821,382
CWIP13312912713013411979981025269116280
Investments1222211111111
Other Assets1,8912,0362,1552,1101,8091,7091,8001,6421,7221,7511,7581,8562,095
Total Assets4,1184,1204,0933,9333,5283,2383,2042,9793,0062,9692,9603,3543,758

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-35-33-61-174-1046640291143463321839
Cash from Investing Activity +-221932426-127-37-40-124-119-398
Cash from Financing Activity +6374315878-48-48-250-89-351-192-416
Net Cash Flow6-814-1105-0415-121024

Free Cash Flow

MonthJun 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow50.00-82.0024.00-34.00-162.00-116.00-96.0021.0033.0093.00206.00-530.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days16614818722010661473632121414
Inventory Days188131160181119947594123837084
Days Payable287225273275151123102113132907677
Cash Conversion Cycle67547412774322017235721
Working Capital Days864142-9-9424296-4-11-115
ROCE %-3%-5%-10%-8%-8%-2%-0%1%9%19%64%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters50.98%50.98%50.98%50.98%50.98%50.98%53.78%55.90%55.90%58.73%60.02%60.02%
FIIs2.75%2.77%3.74%3.46%3.47%0.01%0.00%0.00%0.00%0.09%0.67%2.57%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.00%0.00%
Public46.27%46.26%45.28%45.56%45.56%49.02%46.22%44.09%44.09%41.12%39.30%37.40%
No. of Shareholders7,1078,0459,97910,79912,05513,23913,10013,16113,58813,40916,80018,189

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)55.804.494.35-6.86-11.07
Diluted EPS (Rs.)49.824.114.35-6.86-11.07
Cash EPS (Rs.)58.9810.7112.621.65-1.59
Book Value[Excl.RevalReserv]/Share (Rs.)91.9138.23-150.55-156.91-150.10
Book Value[Incl.RevalReserv]/Share (Rs.)91.9138.23-150.55-156.91-150.10
Revenue From Operations / Share (Rs.)391.92421.11420.42252.17263.68
PBDIT / Share (Rs.)68.5220.0621.569.628.24
PBIT / Share (Rs.)63.2913.3213.291.11-0.52
PBT / Share (Rs.)58.867.214.35-6.86-10.35
Net Profit / Share (Rs.)53.753.984.35-6.86-10.35
NP After MI And SOA / Share (Rs.)53.753.984.35-6.86-10.35
PBDIT Margin (%)17.484.765.123.813.12
PBIT Margin (%)16.143.163.160.43-0.19
PBT Margin (%)15.011.711.03-2.72-3.92
Net Profit Margin (%)13.710.941.03-2.72-3.92
NP After MI And SOA Margin (%)13.710.941.03-2.72-3.92
Return on Networth / Equity (%)58.4710.39-2.890.000.00
Return on Capital Employeed (%)55.9015.99-13.63-1.050.58
Return On Assets (%)26.221.951.61-2.52-3.83
Long Term Debt / Equity (X)0.201.13-0.35-0.33-0.39
Total Debt / Equity (X)0.311.55-1.91-1.98-2.09
Asset Turnover Ratio (%)2.032.071.550.930.94
Current Ratio (X)1.000.780.310.310.31
Quick Ratio (X)0.370.310.130.140.16
Inventory Turnover Ratio (X)4.715.454.573.264.16
Interest Coverage Ratio (X)15.463.282.411.210.88
Interest Coverage Ratio (Post Tax) (X)13.131.651.490.13-0.05
Enterprise Value (Cr.)15523.431470.573629.703833.503626.63
EV / Net Operating Revenue (X)2.420.240.781.381.25
EV / EBITDA (X)13.845.0415.2436.0939.85
MarketCap / Net Operating Revenue (X)2.360.100.100.150.06
Price / BV (X)10.071.19-0.29-0.24-0.11
Price / Net Operating Revenue (X)2.360.100.100.150.06
EarningsYield0.050.080.09-0.17-0.61

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jai Balaji Industries Ltd as of November 23, 2024 is: 1,891.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 23, 2024, Jai Balaji Industries Ltd is Undervalued by 104.98% compared to the current share price 923.00

Intrinsic Value of Jai Balaji Industries Ltd as of November 23, 2024 is: 4,113.61

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 23, 2024, Jai Balaji Industries Ltd is Undervalued by 345.68% compared to the current share price 923.00

Last 5 Year EPS CAGR: 117.42%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 8.67, which is a positive sign.
  1. The stock has a low average ROCE of 4.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 43.42, which may not be favorable.
  3. The company has higher borrowings (2,638.62) compared to reserves (-549.46), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (2.46) and profit (-187.69).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Jai Balaji Industries Ltd:
    1. Net Profit Margin: 13.71%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 55.9% (Industry Average ROCE: 20.2%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 58.47% (Industry Average ROE: 19.92%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 13.13
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.37
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19.4 (Industry average Stock P/E: 29.13)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.31
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Jai Balaji Industries Ltd. is a Public Limited Listed company incorporated on 01/07/1999 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27102WB1999PLC089755 and registration number is 089755. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company’s Total Operating Revenue is Rs. 4643.53 Cr. and Equity Capital is Rs. 110.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Sponge Iron5, Bentinck Street, 1st Floor, Kolkata West Bengal 700001info@jaibalajigroup.com
http://www.jaibalajigroup.com
Management
NamePosition Held
Mr. Aditya JajodiaChairman & Managing Director
Mr. Sanjiv JajodiaWholeTime Director & CFO
Mr. Rajiv JajodiaWhole Time Director
Mr. Gaurav JajodiaWhole Time Director
Mr. Bimal Kumar ChoudharyExecutive Director
Mr. Ashim Kumar MukherjeeIndependent Director
Mr. Shailendra Kumar TamotiaIndependent Director
Ms. Seema ChowdhuryIndependent Woman Director
Ms. Rakhi JainIndependent Woman Director
Ms. Swati BajajIndependent Woman Director
Ms. Mamta JainIndependent Woman Director

FAQ

What is the latest intrinsic value of Jai Balaji Industries Ltd?

The latest intrinsic value of Jai Balaji Industries Ltd as on 22 November 2024 is ₹1891.97, which is 104.98% higher than the current market price of ₹923.00.

What is the Market Cap of Jai Balaji Industries Ltd?

The Market Cap of Jai Balaji Industries Ltd is 16,836 Cr..

What is the current Stock Price of Jai Balaji Industries Ltd as on 22 November 2024?

The current stock price of Jai Balaji Industries Ltd as on 22 November 2024 is 923.

What is the High / Low of Jai Balaji Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jai Balaji Industries Ltd stocks is 1,314/572.

What is the Stock P/E of Jai Balaji Industries Ltd?

The Stock P/E of Jai Balaji Industries Ltd is 19.4.

What is the Book Value of Jai Balaji Industries Ltd?

The Book Value of Jai Balaji Industries Ltd is 106.

What is the Dividend Yield of Jai Balaji Industries Ltd?

The Dividend Yield of Jai Balaji Industries Ltd is 0.00 %.

What is the ROCE of Jai Balaji Industries Ltd?

The ROCE of Jai Balaji Industries Ltd is 63.6 %.

What is the ROE of Jai Balaji Industries Ltd?

The ROE of Jai Balaji Industries Ltd is 90.2 %.

What is the Face Value of Jai Balaji Industries Ltd?

The Face Value of Jai Balaji Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jai Balaji Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE