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Jai Balaji Industries Limited
(JAIBALAJI)
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Rating:63Neutral
Price Target:
₹66.00
▲(8.13% Upside)
Action:Reiterated
Date:10/16/26
The score is driven by materially improved financial position (substantial deleveraging and restored equity), offset by a recent downshift in profitability and uneven cash generation. Technically, the stock shows strong upside momentum above major moving averages, but valuation is a significant drag due to a high P/E and no dividend yield data.
Positive Factors
Deleveraging and stronger equity
The sharp reduction in debt and return to solidly positive equity materially improve financial resilience. Lower leverage should reduce refinancing pressure and interest burdens, while the stronger capital base gives Jai Balaji more flexibility to sustain operations and fund future investment.
Negative Factors
Sharp FY2026 earnings compression
The FY2026 decline in revenue and net income indicates that the strong profitability achieved in the prior two years has not yet proven durable. Lower earnings reduce internal funding capacity and could make it harder to preserve the improved balance sheet if weaker operating conditions persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging and stronger equity
The sharp reduction in debt and return to solidly positive equity materially improve financial resilience. Lower leverage should reduce refinancing pressure and interest burdens, while the stronger capital base gives Jai Balaji more flexibility to sustain operations and fund future investment.
Read all positive factors
Jai Balaji Industries Limited (JAIBALAJI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹56.40B
Dividend Yield0.32%
Average Volume (3M)45.16K
Price to Earnings (P/E)38.9
Beta (1Y)1.52
Revenue Growth2.00%
EPS Growth-65.57%
CountryIN
Employees4,220
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)1.58
Shares Outstanding912,251,400
10 Day Avg. Volume56,691
30 Day Avg. Volume45,165
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)2.19
Price to Sales (P/S)0.86
P/FCF Ratio82.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.6
Revenue Forecast (FY)₹92.40B
Jai Balaji Industries Limited Business Overview & Revenue Model
Company Description
Operating predominantly within India, Jai Balaji Industries Limited specializes in the manufacturing and commercialization of a diverse portfolio of iron and steel products. Its extensive offerings include sponge iron, pig iron, ductile iron pipes...
How the Company Makes Money
Jai Balaji Industries Limited makes money primarily by manufacturing and selling steel products. Its core revenue stream is the sale of steel and related products to customers (typically through a mix of direct sales to industrial buyers and distr...
Jai Balaji Industries Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.13B | 57.84B | 63.51B | 64.14B | 61.25B | 46.93B |
| Gross Profit | 16.28B | 13.53B | 22.85B | 22.37B | 13.37B | 9.74B |
| EBITDA | 3.94B | 3.83B | 9.34B | 11.20B | 2.92B | 2.38B |
| Net Income | 1.45B | 1.30B | 5.58B | 8.80B | 578.24M | 480.65M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 40.77B | 38.91B | 33.54B | 29.60B | 29.69B |
| Cash, Cash Equivalents and Short-Term Investments | 603.40M | 603.40M | 1.44B | 536.16M | 344.85M | 163.54M |
| Total Debt | 0.00 | 4.17B | 5.59B | 4.73B | 8.60B | 31.69B |
| Total Liabilities | -22.58B | 18.20B | 17.66B | 18.50B | 24.04B | 46.32B |
| Stockholders Equity | 22.58B | 22.58B | 21.25B | 15.04B | 5.56B | -16.63B |
Cash Flow | ||||||
| Free Cash Flow | 311.80M | 599.50M | -465.10M | 4.57B | 2.28B | 3.35B |
| Operating Cash Flow | 1.35B | 3.08B | 3.11B | 8.39B | 3.21B | 4.63B |
| Investing Cash Flow | -938.40M | -2.49B | -3.52B | -3.98B | -1.19B | -1.24B |
| Financing Cash Flow | -1.26B | -1.52B | 880.00M | -4.16B | -1.92B | -3.51B |
Jai Balaji Industries Limited Technical Analysis
Negative
61.04
Price Trends
66.55
Negative
66.20
Negative
67.86
Negative
Market Momentum
-0.40
Positive
44.53
Neutral
23.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JAIBALAJI, the sentiment is Negative. The current price of 61.04 is below the 20-day moving average (MA) of 66.29, below the 50-day MA of 66.55, and below the 200-day MA of 67.86, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 44.53 is Neutral, neither overbought nor oversold. The STOCH value of 23.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JAIBALAJI.
Jai Balaji Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹20.12B | 6.42 | ― | 1.60% | -10.58% | -12.16% | |
66 Neutral | ₹22.51B | 7.75 | ― | 2.20% | 0.82% | -59.07% | |
64 Neutral | ₹70.74B | 34.29 | ― | 0.25% | 9.35% | 4.58% | |
63 Neutral | ₹56.40B | 38.94 | ― | 0.32% | 2.00% | -65.57% | |
59 Neutral | ₹84.60B | 12.26 | ― | ― | 18.34% | 82.81% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹16.77B | 44.44 | ― | 0.88% | 4.03% | ― |
* General Sector Average
IN:JAIBALAJI
Jai Balaji Industries Limited
61.82
-33.15
-34.91%
IN:JAYNECOIND
Jayaswal Neco Industries Limited
87.13
9.41
12.11%
IN:MAITHANALL
Maithan Alloys Ltd.
773.30
-307.93
-28.48%
IN:MSPL
MSP Steel & Power Limited
29.58
-3.95
-11.78%
IN:PRAKASH
Prakash Industries Limited
112.35
-49.71
-30.67%
IN:SUNFLAG
Sunflag Iron & Steel Co. Ltd.
392.50
125.53
47.02%
Jai Balaji Industries Limited Corporate Events
CRISIL Downgrades Jai Balaji Industries’ Rs. 995 Crore Bank Loan Ratings
Sep 21, 2026
Jai Balaji Industries Limited has announced that CRISIL has revised its credit ratings on bank loan facilities totaling Rs. 995 crore. The long-term rating has been downgraded to CRISIL BBB/Stable from CRISIL BBB-+/Stable, while the short-term rat...
Jai Balaji Industries Schedules Q1 and FY27 Earnings Conference Call
Aug 11, 2026
Jai Balaji Industries Limited has scheduled an earnings conference call on August 14, 2026 at 4:00 p.m. IST to discuss its financial performance for the first quarter and full year FY27. Senior management, including the chairman, joint chief finan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.