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Jai Balaji Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹111.25Undervalued by 90.17%vs CMP ₹58.50

P/E (18.2) × ROE (30.7%) × BV (₹24.40) × DY (2.00%)

₹77.24Undervalued by 32.03%vs CMP ₹58.50
MoS: +24.3% (Adequate)Confidence: 48/100 (Moderate)Models: 3 Under, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹144.4425%Under (+146.9%)
Graham NumberEarnings₹41.9818%Over (-28.2%)
Earnings PowerEarnings₹43.2512%Over (-26.1%)
DCFCash Flow₹73.8112%Under (+26.2%)
Net Asset ValueAssets₹24.368%Over (-58.4%)
EV/EBITDAEnterprise₹121.4410%Under (+107.6%)
Earnings YieldEarnings₹32.108%Over (-45.1%)
Revenue MultipleRevenue₹34.836%Over (-40.5%)
Consensus (8 models)₹77.24100%Undervalued
Key Drivers: EPS CAGR 29.8% lifts DCF — verify sustainability. | Wide model spread (₹24–₹144) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 29.8%

*Investments are subject to market risks

Analyst Summary

Jai Balaji Industries Ltd operates in the Steel - Sponge Iron segment, current market price is ₹58.50, market cap is 5,334 Cr.. At a glance, stock P/E is 18.2, ROE is 30.7 %, ROCE is 36.1 %, book value is 24.4, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹77.24, which is about 32.0% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹6,351 Cr versus the prior period change of -1.0%, while latest net profit is about ₹558 Cr with a prior-period change of -36.6%. The 52-week range shown on this page is 142/53.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisJai 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…

This summary is generated from the stock page data available for Jai Balaji Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

61
Jai Balaji Industries Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 36.1% ExcellentROE 30.7% ExcellentD/E -1.98 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.14% (6mo) Slight increasePromoter holding at 64.8% Stable
Earnings Quality65/100 · Strong
OPM expanding (5% → 14%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -13% YoY DecliningProfit (4Q): -66% YoY DecliningOPM: 5.0% (down 10.0% YoY) Margin pressure
Industry Rank80/100 · Strong
P/E 18.2 vs industry 31.8 Cheaper than peersROCE 36.1% vs industry 16.5% Above peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:08 am

Market Cap 5,334 Cr.
Current Price 58.5
Intrinsic Value₹77.24
High / Low 142/53.0
Stock P/E18.2
Book Value 24.4
Dividend Yield0.00 %
ROCE36.1 %
ROE30.7 %
Face Value 2.00
PEG Ratio0.61

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

View Share Price Target for Jai Balaji Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jai Balaji Industries Ltd 5,334 Cr. 58.5 142/53.018.2 24.40.00 %36.1 %30.7 % 2.00
Tata Steel Long Products Ltd 3,743 Cr. 830 / 61.10.00 %%234 % 10.0
MSP Steel & Power Ltd 1,649 Cr. 29.1 41.2/23.6102 16.10.00 %6.43 %3.78 % 10.0
Vaswani Industries Ltd 171 Cr. 51.8 70.1/32.052.7 46.20.00 %11.1 %8.48 % 10.0
Bihar Sponge Iron Ltd 104 Cr. 11.6 19.6/9.157.76 4.600.00 %11.4 %% 10.0
Industry Average19,759.11 Cr298.0531.82111.280.09%16.53%34.05%7.08

All Competitor Stocks of Jai Balaji Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1,3691,5371,7241,4831,5471,5391,8461,7181,5571,4861,5901,3571,353
Expenses 1,3071,4671,6611,2771,3331,2921,6051,4031,3281,2961,4571,2301,281
Operating Profit 63706320521324724131622819013312772
OPM % 5%5%4%14%14%16%13%18%15%13%8%9%5%
Other Income 522182823156102218191613
Interest 22202621191518161515171815
Depreciation 25252521212123222223263131
Profit before tax 2128341702022353572872131701089540
Tax % 0%0%138%0%0%0%23%27%28%29%30%25%33%
Net Profit 2128-13170202235273209153120757126
EPS in Rs 0.330.38-0.182.192.512.923.342.351.681.320.830.770.29

Last Updated: January 1, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,9721,5061,2201,7022,3893,0772,9122,7854,6446,1256,4146,3515,786
Expenses 1,9461,5371,3791,8152,4823,0542,8762,6894,4355,7955,4855,4845,265
Operating Profit 26-31-159-113-93243696209330929867522
OPM % 1%-2%-13%-7%-4%1%1%3%4%5%14%14%9%
Other Income 23321621-2236491029-381936866
Interest 3453844254634112103889989736364
Depreciation 143134122118107102979491988694111
Profit before tax -440-518-690-256-257-154-114-7648105963778412
Tax % -24%-22%0%0%0%0%0%0%0%45%9%28%
Net Profit -333-406-690-256-257-154-114-764858880558293
EPS in Rs -9.90-11.01-17.74-5.93-5.33-3.19-2.07-1.370.870.7910.756.123.21
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-21.92%-69.95%62.90%-0.39%40.08%25.97%33.33%163.16%20.83%1417.24%-36.59%
Change in YoY Net Profit Growth (%)0.00%-48.03%132.85%-63.29%40.47%-14.10%7.36%129.82%-142.32%1396.41%-1453.83%

Jai Balaji Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:17%
3 Years:11%
TTM:-10%
Compounded Profit Growth
10 Years:13%
5 Years:48%
3 Years:126%
TTM:-54%
Stock Price CAGR
10 Years:51%
5 Years:92%
3 Years:121%
1 Year:-54%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:31%

Last Updated: September 5, 2025, 8:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 677478869696110110110145164182182
Reserves 154-269-955-1,322-1,523-1,676-1,768-1,844-1,7734111,3401,9422,039
Borrowings 2,6783,0763,5283,6023,5103,6383,4643,4343,169860473559459
Other Liabilities 1,2201,2121,2831,1621,1541,1451,1731,3061,4631,5431,3781,2071,264
Total Liabilities 4,1204,0933,9333,5283,2383,2042,9793,0062,9692,9603,3543,8913,944
Fixed Assets 1,9531,8091,6911,5831,4091,3241,2381,1811,1651,1321,3821,6141,591
CWIP 12912713013411979981025269116129191
Investments 2222111111111
Other Assets 2,0362,1552,1101,8091,7091,8001,6421,7221,7511,7581,8562,1472,162
Total Assets 4,1204,0933,9333,5283,2383,2042,9793,0062,9692,9603,3543,8913,944

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -33-61-174-1046640291154463321839311
Cash from Investing Activity + 1932426-127-37-40-124-119-398-352
Cash from Financing Activity + 74315878-48-48-250-100-351-192-41688
Net Cash Flow -814-1105-0415-12102447
Free Cash Flow -45-68-189-1013448254113336229459-43
CFO/OP -124%201%110%92%-69%174%816%160%223%99%90%36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow24.00-34.00-162.00-116.00-96.0021.0033.0093.00206.00-530.00456.00308.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1481872201066147363212141425
Inventory Days 131160181119947594123837084112
Days Payable 22527327515112310211313290767764
Cash Conversion Cycle 54741277432201723572173
Working Capital Days -92-135-247-713-503-211-345-378-212-25-517
ROCE %-3%-5%-10%-8%-8%-2%-0%1%9%18%62%36%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 55.90%58.73%60.02%60.02%60.80%63.85%64.84%64.84%64.84%64.84%64.84%64.84%
FIIs 0.00%0.09%0.67%2.57%3.05%2.92%3.00%3.23%3.56%3.63%3.48%3.70%
DIIs 0.00%0.05%0.00%0.00%0.07%0.08%0.09%0.10%0.11%0.11%0.12%0.12%
Public 44.09%41.12%39.30%37.40%36.07%33.15%32.05%31.83%31.50%31.41%31.56%31.34%
No. of Shareholders 13,58813,40916,80018,18921,49927,41225,11725,11430,20737,11444,68647,026

Shareholding Pattern Chart

No. of Shareholders

Jai Balaji Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.0010.0010.0010.0010.00
Basic EPS (Rs.) 6.2555.804.494.35-6.86
Diluted EPS (Rs.) 6.1849.824.114.35-6.86
Cash EPS (Rs.) 7.1458.9810.7112.621.65
Book Value[Excl.RevalReserv]/Share (Rs.) 23.2991.9138.23-150.55-156.91
Book Value[Incl.RevalReserv]/Share (Rs.) 23.2991.9138.23-150.55-156.91
Revenue From Operations / Share (Rs.) 69.62391.92421.11420.42252.17
PBDIT / Share (Rs.) 10.2468.5220.0621.569.62
PBIT / Share (Rs.) 9.2163.2913.3213.291.11
PBT / Share (Rs.) 8.5358.867.214.35-6.86
Net Profit / Share (Rs.) 6.1253.753.984.35-6.86
NP After MI And SOA / Share (Rs.) 6.1253.753.984.35-6.86
PBDIT Margin (%) 14.7117.484.765.123.81
PBIT Margin (%) 13.2316.143.163.160.43
PBT Margin (%) 12.2515.011.711.03-2.72
Net Profit Margin (%) 8.7813.710.941.03-2.72
NP After MI And SOA Margin (%) 8.7813.710.941.03-2.72
Return on Networth / Equity (%) 26.2558.4710.39-2.890.00
Return on Capital Employeed (%) 36.0455.9015.99-13.63-1.05
Return On Assets (%) 14.3326.221.951.61-2.52
Long Term Debt / Equity (X) 0.060.201.13-0.35-0.33
Total Debt / Equity (X) 0.260.311.55-1.91-1.98
Asset Turnover Ratio (%) 1.752.032.071.550.93
Current Ratio (X) 1.271.000.780.310.31
Quick Ratio (X) 0.460.370.310.130.14
Inventory Turnover Ratio (X) 5.784.715.454.573.26
Interest Coverage Ratio (X) 14.9115.463.282.411.21
Interest Coverage Ratio (Post Tax) (X) 9.9013.131.651.490.13
Enterprise Value (Cr.) 13016.2515523.431470.573629.703833.50
EV / Net Operating Revenue (X) 2.052.420.240.781.38
EV / EBITDA (X) 13.9313.845.0415.2436.09
MarketCap / Net Operating Revenue (X) 1.982.360.100.100.15
Price / BV (X) 5.9210.071.19-0.29-0.24
Price / Net Operating Revenue (X) 1.982.360.100.100.15
EarningsYield 0.040.050.080.09-0.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 tube and tube fittings of basic iron and steel. Company's Total Operating Revenue is Rs. 6350.80 Cr. and Equity Capital is Rs. 182.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Sponge Iron5, Bentinck Street, Kolkata West Bengal 700001Contact not found
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
Ms. Swati BajajIndependent Woman Director
Ms. Mamta JainIndependent Woman Director
Mr. Ashim Kumar MukherjeeIndependent Director
Mr. Rajendra Prasad RitoliaIndependent Director
Mr. Pradip Kumar TibdewalIndependent Director
Mr. Parthasarathi MukhopadhyayIndependent Director

FAQ

What is the intrinsic value of Jai Balaji Industries Ltd and is it undervalued?

As of 22 April 2026, Jai Balaji Industries Ltd's intrinsic value is ₹77.24, which is 32.03% higher than the current market price of ₹58.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (30.7 %), book value (₹24.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jai Balaji Industries Ltd?

Jai Balaji Industries Ltd is trading at ₹58.50 as of 22 April 2026, with a FY2026-2027 high of ₹142 and low of ₹53.0. The stock is currently near its 52-week low. Market cap stands at ₹5,334 Cr..

How does Jai Balaji Industries Ltd's P/E ratio compare to its industry?

Jai Balaji Industries Ltd has a P/E ratio of 18.2, which is below the industry average of 31.82. This is broadly in line with or below the industry average.

Is Jai Balaji Industries Ltd financially healthy?

Key indicators for Jai Balaji Industries Ltd: ROCE of 36.1 % indicates efficient capital utilization; ROE of 30.7 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Jai Balaji Industries Ltd profitable and how is the profit trend?

Jai Balaji Industries Ltd reported a net profit of ₹558 Cr in Mar 2025 on revenue of ₹6,351 Cr. Compared to ₹48 Cr in Mar 2022, the net profit shows an improving trend.

Does Jai Balaji Industries Ltd pay dividends?

Jai Balaji Industries Ltd has a dividend yield of 0.00 % at the current price of ₹58.50. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:08 am
Author: Getaka|Social: XLinkedIn
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
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