JAIBALAJIMetals & Mining

Jai Balaji Industries Limited

Iron & Steel · ISIN INE091G01026 · BSE 532976 · NSE EQ · FV ₹2
Last price
₹64
-0.37%today
What this company does

Jai Balaji Industries Limited operates in Iron & Steel, part of the Metals & Mining sector. It booked ₹1,353 cr of revenue in its latest quarter (Q2 FY26) and kept 2.0% of sales as profit.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Metals & Mining, on all six measures of filed financials. Each measure is ranked against the 7–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns13

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Growth & consistency86

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk40

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 65%
Turns profit into real cash
Watch-outs
! Thin 2.0% net margin
! Sales down 13% vs last year
! Profit down 83% vs last year
! 31.1% of promoter stake pledged
! Low 4.8% return on equity

What if I invest in JAIBALAJI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹64 -0.37%
latest close · 2026-09-17
52-wk low ₹5742 sessions so far52-wk high ₹74
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio55.0High
LowAverageHigh
P/B ratio2.62Moderate
Below bookModerateHigh
EV / EBITDA18.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.8%Weak
WeakFairStrong ▸15%
Return on capital9.2%Fair
WeakFairStrong
Net margin2.0%Thin
ThinDecentStrong
EBITDA margin6.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.21Comfortable
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.27Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,821 cr
Book value
₹24
EPS
₹0.29
latest quarter
Net debt
₹448 cr
owes more than its cash
Enterprise value
₹6,269 cr
EBITDA
₹342 cr
annualised
EBIT
₹217 cr
annualised
Operating margin
4.0%
Return on assets
2.7%
Earnings yield
1.82%
P/S
1.08
Sales / share
₹59.3
Tax rate
33.5%
Face value
₹2
Shares
91.2 cr
Working capital
₹429 cr
Current assets
₹2,002 cr
Current liabilities
₹1,573 cr
Delivery %
62.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹10₹29, midpoint ₹19

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY26 (consolidated)
Revenue from Operations₹1,353 cr
Other Income₹13 cr
Total Income₹1,367 cr
Cost of Materials₹954 cr
Purchases of Stock-in-Trade₹9 cr
Inventory Change (±)₹17 cr
Employee Benefit Expense₹41 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹260 cr
Total Expenses₹1,327 cr
Profit before Tax₹40 cr
Tax Expense₹13 cr
Net Profit₹26 cr
Net margin on total income1.9%
Where the money goes · Q2 FY26
% of total income
Materials + stock-in-trade₹980 cr71.7%
Employee benefit expense₹41 cr3.0%
Finance costs₹15 cr1.1%
Depreciation & amortisation₹31 cr2.3%
Other expenses₹260 cr19.0%
Tax expense₹13 cr1.0%
Profit for the period₹26 cr1.9%
Total income ₹1,367 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY25Q1 FY26Q2 FY26
Revenue1,590 cr1,357 cr1,353 cr
Total income1,608 cr1,373 cr1,367 cr
Expenses1,500 cr1,278 cr1,327 cr
Profit before tax108 cr95 cr40 cr
Tax33 cr24 cr13 cr
Net profit (owners' share)75 cr71 cr26 cr
Net margin (owners' share, on revenue)4.7%5.2%2.0%
EPS (₹)0.830.770.29
YoY (latest quarter): total income -13.4% · net profit -82.7%
Balance sheet & cash flow · as of Sep 2025
Low debt
Total assets
₹3,944 cr
Shareholder equity
₹2,222 cr
parent shareholders
Total debt
₹458 cr
Cash
₹10 cr
Cash flow · H1 FY26
Operating
₹135 cr
Investing
₹-94 cr
Financing
₹-126 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-17 Jan 2025
Who owns it · 2026-06-30
31.1% pledged
Promoter
64.8%
FII / Foreign
2.8%
DII / Domestic
0.1%
Retail / others
32.3%
Promoter stake up 2.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSHRI MAHATEJAS VINIMAY PRIVATE LIMITED · Promoter Group50.00 L · ₹22.5 cr11 Jul 24
BoughtHARIAKSH INDUSTRIES PRIVATE LIMITED · Promoter Group50.00 L · ₹22.5 cr13 Jun 24
BoughtHARIAKSH INDUSTRIES PRIVATE LIMITED · Promoter Group38.00 L · ₹17.1 cr10 Apr 24
Bulk / block deals
short · NSE43 Jun 26
short · NSE1,00021 May 26
short · NSE80119 May 26
Stake changes
BoughtShri Mahatejas Vinimay Private Ltd · promoter→ 8.22% · 50.00 L11 Jul 24
BoughtHariaksh Industries Private Limited alongwith PAC · promoter→ 18.03% · 50.00 L13 Jun 24
SoldSantosh Industries Limited alongwith PAC→ 3.21% · 40,00024 Apr 24
Promoter pledges
PledgedTata Capital Ltd85.00 L · 2.35% held14 Nov 25
PledgedTata Capital Ltd45.00 L · 1.86% held13 Nov 25
PledgedTata Capital Ltd1.70 cr · 0.00% held27 Oct 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Sep 2025
See the official result
1
Consideration and adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025 together with the Report of the Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
11.05 cr votes for, 1,072 against · 0% of mutual funds and other big investors said no
2
Appointment of Shri Sanjiv Jajodia (DIN - 00036339), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
10.88 cr votes for, 16.81 L against · 8% of mutual funds and other big investors said no
3
Appointment of M/s MKB & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Company for a period of 5 consecutive years w.e.f. F.Y. 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
11.05 cr votes for, 5,462 against · 0% of mutual funds and other big investors said no
4
Ratification of remuneration payable to M/s. Mondal and Associates, proprietor Mr. Amiya Mondal, being the Cost Auditor of the Company for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
11.05 cr votes for, 5,404 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 49 named members
owning 64.8% between them · as of 2026-06-30
HARIAKSH INDUSTRIES PRIVATE LIMITED17.54%
JAI SALASAR BALAJI INDUSTRIES PRIVATE LIMITED13.77%
SHRI KESHRINANDAN TRADE PRIVATE LIMITED8.22%
SHRI MAHATEJAS VINIMAY PRIVATE LIMITED8.22%
ENFIELD SUPPLIERS LIMITED6.15%
HARI MANAGEMENT LIMITED3.86%
ADITYA JAJODIA1.94%
SANJIV JAJODIA1.52%
Business done with them
FY2025 · 6 of the group
The company paid ₹63 cr to companies in the promoter group last year — about 1.0% of its ₹6,351 cr revenue and received ₹41 cr back from them.
SANJIV JAJODIA
Provision Of Guarantees Or Collateral By Entity · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 1.52% of the company
₹804 cr
company received
RAJIV JAJODIA
Provision Of Guarantees Or Collateral By Entity · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 0.86% of the company
₹804 cr
company received
GAURAV JAJODIA
Provision Of Guarantees Or Collateral By Entity · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 0.07% of the company
₹804 cr
company received
ADITYA JAJODIA
Provision Of Guarantees Or Collateral By Entity · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 1.94% of the company
₹804 cr
company received
JAI SALASAR BALAJI INDUSTRIES PVT LTD
Bought goods from them · PURCHASE AND SALE
also owns 13.77% of the company
₹58 cr
company paid
JAI SALASAR BALAJI INDUSTRIES PVT LTD
Sold goods to them · PURCHASE AND SALE
also owns 13.77% of the company
₹41 cr
company received
ADITYA JAJODIA
Other payments to them · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 1.94% of the company
₹1 cr
company paid
GAURAV JAJODIA
Other payments to them · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 0.07% of the company
₹1 cr
company paid
SANJIV JAJODIA
Other payments to them · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 1.52% of the company
₹1 cr
company paid
RAJIV JAJODIA
Other payments to them · DIRECTORS' REMUNERATION & GUARANTEES OBTAINED
also owns 0.86% of the company
₹1 cr
company paid
HARIAKSH INDUSTRIES PRIVATE LIMITED
Other income from them · Misc Income
also owns 17.54% of the company
₹1 L
company received

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.