JAIBALAJI

Jai Balaji Industries Limited

Integrated steel producer for construction and industrial end-users

Commodities›Metals & Mining›Ferrous Metals›Iron & Steel

jaibalajigroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹72.33
Market cap
6,629 Cr
Stock P/E
45.8
P/B
2.92
ROE (FY25)
26.3%
ROCE (FY25)
31.3%
Operating margin (FY25)
12.2%
Debt / equity (FY25)
0.26
OCF / EBITDA (FY26)
102.4%
OCF / EBITDA (3Y)
71.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Jai Balaji makes steel and related products, including pig iron, sponge iron, billets, TMT (thermo-mechanically treated) bars, ferroalloys and ductile iron (DI) pipes.

Company snapshot

10thBy market cap

Ranked among 13 companies in Iron & Steel.

What we see

Positives
  • ✓Debt-to-equity of 0.26x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,547 Cr1,539 Cr1,846 Cr1,718 Cr1,557 Cr1,486 Cr1,590 Cr1,357 Cr1,353 Cr1,329 Cr1,745 Cr1,683 Cr
Operating expenses (approx.)1,333 Cr1,292 Cr1,605 Cr1,403 Cr1,328 Cr1,296 Cr1,457 Cr1,230 Cr1,281 Cr1,274 Cr1,653 Cr1,531 Cr
EBITDA213 Cr247 Cr241 Cr316 Cr228 Cr190 Cr133 Cr127 Cr72 Cr54 Cr92 Cr151 Cr
OPM %13.8%16.0%13.0%18.4%14.7%12.8%8.4%9.4%5.3%4.1%5.3%9.0%
Other income28 Cr23 Cr156 Cr10 Cr22 Cr18 Cr19 Cr16 Cr13 Cr8 Cr3 Cr3 Cr
Interest19 Cr15 Cr18 Cr16 Cr15 Cr15 Cr17 Cr18 Cr15 Cr16 Cr18 Cr14 Cr
Depreciation21 Cr21 Cr23 Cr22 Cr22 Cr23 Cr26 Cr31 Cr31 Cr32 Cr32 Cr32 Cr
Profit before tax202 Cr235 Cr357 Cr287 Cr213 Cr170 Cr108 Cr95 Cr40 Cr15 Cr42 Cr109 Cr
Tax %0.0%0.0%23.5%27.3%28.0%29.0%30.3%25.5%33.5%21.3%49.6%22.0%
Net profit202 Cr235 Cr273 Cr209 Cr153 Cr120 Cr75 Cr71 Cr26 Cr12 Cr21 Cr85 Cr
EPS (₹)₹12.79₹14.72₹16.95₹12.10₹8.42₹1.32₹0.83₹0.77₹0.29₹0.13₹0.23₹0.93

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,564 Cr2,425 Cr3,077 Cr2,912 Cr2,785 Cr4,644 Cr6,125 Cr6,414 Cr6,351 Cr5,784 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,650 Cr2,519 Cr3,058 Cr2,877 Cr2,690 Cr4,435 Cr5,869 Cr5,508 Cr5,484 Cr5,435 CrSign in free for the trailing twelve months
EBITDA-86 Cr-94 Cr20 Cr36 Cr95 Cr208 Cr256 Cr906 Cr867 Cr350 CrSign in free for the trailing twelve months
OPM %-5.5%-3.9%0.6%1.2%3.4%4.5%4.2%14.1%13.6%6.0%Sign in free for the trailing twelve months
Other income21 Cr18 Cr40 Cr55 Cr11 Cr30 Cr35 Cr215 Cr68 Cr36 CrSign in free for the trailing twelve months
Interest41 Cr34 Cr112 Cr103 Cr88 Cr99 Cr89 Cr73 Cr63 Cr66 CrSign in free for the trailing twelve months
Depreciation112 Cr107 Cr102 Cr97 Cr94 Cr91 Cr98 Cr86 Cr94 Cr125 CrSign in free for the trailing twelve months
Profit before tax-218 Cr-257 Cr-154 Cr-114 Cr-76 Cr48 Cr105 Cr963 Cr778 Cr192 CrSign in free for the trailing twelve months
Tax %—0.0%0.0%0.0%0.0%0.0%44.9%8.7%28.3%32.2%Sign in free for the trailing twelve months
Net profit-218 Cr-257 Cr-154 Cr-114 Cr-76 Cr48 Cr58 Cr880 Cr558 Cr130 CrSign in free for the trailing twelve months
EPS (₹)₹-26.09₹-27.48₹-15.94₹-11.07₹-6.86₹4.35₹4.49₹55.80₹6.25₹1.42Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital86 Cr96 Cr96 Cr110 Cr110 Cr110 Cr145 Cr164 Cr182 Cr182 Cr
Reserves-1,136 Cr-1,523 Cr-1,676 Cr-1,768 Cr-1,843 Cr-1,773 Cr411 Cr1,340 Cr1,942 Cr2,075 Cr
Borrowings2,879 Cr3,510 Cr3,638 Cr3,464 Cr3,434 Cr3,169 Cr860 Cr472 Cr558 Cr407 Cr
Other liabilities1,745 Cr1,154 Cr1,146 Cr1,173 Cr1,306 Cr1,463 Cr1,543 Cr1,379 Cr1,208 Cr1,413 Cr
Total liabilities3,573 Cr3,238 Cr3,204 Cr2,979 Cr3,006 Cr2,969 Cr2,960 Cr3,354 Cr3,891 Cr4,077 Cr
Fixed assets (net)1,487 Cr1,409 Cr1,324 Cr1,238 Cr1,181 Cr1,165 Cr1,131 Cr1,382 Cr1,609 Cr1,556 Cr
CWIP121 Cr119 Cr79 Cr98 Cr102 Cr52 Cr69 Cr116 Cr127 Cr294 Cr
Investments81 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.79 Cr0.79 Cr0.79 Cr
Loans & advances—107 Cr106 Cr44 Cr29 Cr31 Cr3 Cr0 Cr0 Cr0 Cr
Inventories420 Cr488 Cr496 Cr579 Cr699 Cr758 Cr821 Cr950 Cr1,248 Cr1,419 Cr
Trade receivables647 Cr399 Cr394 Cr284 Cr244 Cr156 Cr229 Cr242 Cr430 Cr330 Cr
Cash & bank10 Cr7 Cr7 Cr11 Cr26 Cr13 Cr24 Cr48 Cr95 Cr2 Cr
Other assets807 Cr706 Cr797 Cr724 Cr724 Cr793 Cr680 Cr617 Cr380 Cr475 Cr
Total assets3,573 Cr3,238 Cr3,204 Cr2,979 Cr3,006 Cr2,969 Cr2,960 Cr3,354 Cr3,891 Cr4,077 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-104 Cr66 Cr40 Cr291 Cr154 Cr463 Cr321 Cr839 Cr311 Cr358 Cr
Cash from investing25 Cr-12 Cr7 Cr-37 Cr-40 Cr-124 Cr-118 Cr-398 Cr-352 Cr-242 Cr
Cash from financing77 Cr-48 Cr-48 Cr-250 Cr-100 Cr-351 Cr-192 Cr-416 Cr88 Cr-209 Cr
Net cash flow-2 Cr5 Cr-0.16 Cr4 Cr15 Cr-12 Cr11 Cr24 Cr47 Cr-93 Cr
Free cash flow (OCF − Capex)-105 Cr34 Cr34 Cr254 Cr112 Cr335 Cr228 Cr457 Cr-47 Cr110 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROCE %—-9.6%-4.0%-3.4%0.1%7.8%13.7%52.4%31.3%
ROE %——————10.4%58.5%26.3%
Debtor days1406047363212141425
Inventory days112967894122836983110
Days payable14112610511313189767663
Cash conversion cycle11030191723672172
OCF / EBITDA %——n.m.n.m.161.6%222.2%125.2%92.5%35.9%
OCF / EBITDA % (3 years)————n.m.267.5%167.5%118.4%72.5%
Debt / equity——————1.550.310.26
Current ratio0.590.290.440.310.310.320.781.001.27
Net debt / EBITDA——185.7296.8535.7315.163.260.470.53