JBF Industries Limited (JBFIND) AI Stock Analysis

JBF Industries Limited

(NSE:JBFIND)

Select Model

Rating:41Neutral

Action:reiterated

Date:09/24/26

The score is driven primarily by very weak financial performance: collapsed revenues, persistent losses, and a highly stressed balance sheet with heavy debt and deeply negative equity. Valuation is also pressured by a negative P/E that reflects loss-making operations. Technical analysis cannot be assessed due to missing indicator data, so it contributes neutrally.

Positive Factors

Polyester Value-Chain CoverageJBF Industries participates across polyester intermediates and finished films, giving it exposure to multiple stages of the value chain. This product breadth can support customer coverage across applications and provide a foundation for rebuilding operations if production and demand normalize.

Negative Factors

Severe Revenue CollapseThe collapse from meaningful historical revenue to near-zero or zero reported revenue indicates severe operational disruption or abnormal reporting. Without a return to substantial sales, the company cannot reliably absorb fixed costs, fund operations, or restore a sustainable earnings base.

JBF Industries Limited Business Overview & Revenue Model

Company Description

Operating both within India and on an international scale, JBF Industries Limited and its affiliated companies are engaged in the production and distribution of various polyester goods. The firm's comprehensive product line features polyester chips d...

How the Company Makes Money

JBF Industries makes money primarily by manufacturing polyester intermediates and finished polyester products and selling them to industrial customers. Key revenue streams include: (1) Sale of polyester films (such as biaxially oriented polyester (BO...

JBF Industries Limited Financial Statement Overview

Summary

Financial statements indicate severe stress: revenue collapses to near-zero/zero after FY2023, net losses persist, and EBIT/EBITDA are mostly negative. The balance sheet shows heavy debt (~23.6–25.1B) with deeply negative equity since FY2022, implying extreme leverage and elevated solvency/refinancing risk. Cash flows are volatile with recent negative operating/free cash flow, reducing confidence in liquidity sustainability.

Income Statement

12Very Negative

Balance Sheet

8Very Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	19.40M	10.97B	32.66B
Gross Profit	0	0	0	400.00K	2.72B	3.94B
EBITDA	-58.00M	-54.00M	-17.10M	66.60M	-15.37B	2.62B
Net Income	-63.30M	-54.10M	-52.70M	-106.40M	-18.53B	-11.70B
Balance Sheet
Total Assets	499.20M	499.20M	558.00M	542.10M	618.00M	25.89B
Cash, Cash Equivalents and Short-Term Investments	16.80M	16.80M	45.40M	5.10M	6.40M	1.42B
Total Debt	23.60B	23.60B	23.60B	23.60B	23.60B	24.69B
Total Liabilities	29.08B	29.08B	29.09B	29.02B	28.99B	35.67B
Stockholders Equity	-28.58B	-28.58B	-28.53B	-28.47B	-28.37B	-9.78B
Cash Flow
Free Cash Flow	13.20M	-30.20M	39.70M	1.20M	-1.45B	1.78B
Operating Cash Flow	13.20M	-30.20M	39.70M	1.20M	-1.43B	1.86B
Investing Cash Flow	900.00K	1.40M	800.00K	100.00K	60.50M	-90.90M
Financing Cash Flow	0	0	0	-900.00K	-32.40M	-564.60M

JBF Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:JBFIND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PASUPTAC	74Outperform	INR 6.07B	6.36	―	―	51.22%	269.24%
IN:RUBFILA	65Neutral	INR 2.85B	10.75	―	3.80%	4.59%	-11.30%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:PLASTIBLEN	54Neutral	INR 4.15B	9.00	―	1.88%	9.17%	40.71%
IN:GINNIFILA	53Neutral	INR 3.48B	9.80	―	―	-6.94%	140.06%
IN:APCL	42Neutral	INR 2.42B	-7.36	―	―	-10.65%	50.21%
IN:JBFIND	41Neutral	INR 361.87M	-5.58	―	―	―	―

* General Sector Average

Performance Comparison

IN:JBFIND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:APCL	Anjani Portland Cement Limited	82.50	-42.25	-33.87%
IN:GINNIFILA	Ginni Filaments Limited.	40.64	-4.21	-9.39%
IN:PASUPTAC	Pasupati Acrylon Limited	68.12	14.67	27.45%
IN:PLASTIBLEN	Plastiblends India Limited	159.80	-14.19	-8.15%
IN:RUBFILA	Rubfila International Limited	52.44	-24.19	-31.57%

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.

Date of analysis: Sep 24, 2026

JBF Industries Limited AI Stock Analysis