Jai Balaji Industries
- Market cap
- ₹ 5,818 Cr.
- P/E
- 20x
- P/B
- 2.73x
- 52-week range
- 53.65 – 96.89
- ROE
- 6%
- ROCE
- 10%
- Dividend yield
- 0%
- Debt / equity
- 0.18
- Sector
- Ferrous Metals
- Industry
- Iron & Steel
- Listed on
- NSE, BSE
About
Jai Balaji Industries Ltd. is an India-based company which is primarily engaged in the business of manufacturing of iron and steel products including sponge iron, pig iron, ductile iron pipe, ferro chrome, billet, thermo-mechanically treated (TMT), coke and sinter with captive power plant. It has eight integrated steel manufacturing units spread across India in the states of West Bengal, Chhattisgarh, Orissa and Jharkhand. It manufactures TMT of all sizes, including six millimeters (mm), eight mm, 12mm, 16mm, 20mm, 25mm, 28mm, and 32mm in grades with features for the construction industry. It has set up 3,00,000 million tons per annum (MTPA) ductile iron pipe plant at Durgapur, West Bengal, where it primarily offers metallic zinc-sprayed pipes with a finishing layer of bituminous paint (with fillers). It operates a 60-square-metre Sinter Plant at its Blast Furnace site, which recycles the iron-ore and coke fines into sinter cakes to be used as feed for the furnace.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel: 15 companies →Jai Balaji Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)20 against a typical 14.3: pricier than most peers (1st = cheapest).13th of 15
- Sales growth+24% against a typical +16.3% from a year earlier.4th of 14
- Profit growth+19.7% against a typical +25.7% from a year earlier.8th of 12
- Share price, 3 months+3.9% against a typical −9.3%.3rd of 15
- Size₹ 5,818.4 Cr. market value against a typical ₹ 8,906.7 Cr. (1st = largest).9th of 14
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB by CRISIL- CRISIL lowered its rating on 21 Sep 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil BBB | Stable | 21 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 21 Sep 2026 | ▼ Downgrade1 notch | Crisil BBB+ → Crisil BBB | — | CRISIL | ₹ 905 Cr. | |
| 12 Jan 2026 | Rating action | Crisil BBB+ | — | CRISIL | ₹ 995 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 30 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 12 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 8 Aug 2025 | Financial Results/Other business matters | To consider and approve inter alia the financial results for the period ended Jun 30, 2025 and other business matters |
| 12 May 2025 | Financial Results/Other business matters | To consider and approve inter alia, the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,547 | 1,539 | 1,846 | 1,718 | 1,557 | 1,486 | 1,590 | 1,357 | 1,353 | 1,329 | 1,745 | 1,683 |
| Expenses | 1,333 | 1,292 | 1,605 | 1,403 | 1,328 | 1,296 | 1,457 | 1,230 | 1,281 | 1,274 | 1,653 | 1,531 |
| Operating Profit | 213 | 247 | 241 | 316 | 228 | 190 | 133 | 127 | 72 | 54 | 92 | 151 |
| OPM % | 14% | 16% | 13% | 18% | 15% | 13% | 8% | 9% | 5% | 4.1% | 5% | 9% |
| Other Income | 28 | 23 | 156 | 10 | 22 | 18 | 19 | 16 | 13 | 8 | 0 | 3 |
| Interest | 19 | 15 | 18 | 16 | 15 | 15 | 17 | 18 | 15 | 16 | 18 | 14 |
| Depreciation | 21 | 21 | 23 | 22 | 22 | 23 | 26 | 31 | 31 | 32 | 32 | 32 |
| Profit before tax | 202 | 235 | 357 | 287 | 213 | 170 | 108 | 95 | 40 | 15 | 42 | 109 |
| Tax % | 0% | 0% | 23% | 27% | 28% | 29% | 30% | 25% | 33% | 21% | 50% | 22% |
| Net Profit | 202 | 235 | 273 | 209 | 153 | 120 | 75 | 71 | 26 | 12 | 21 | 85 |
| EPS in Rs | 2.51 | 2.92 | 3.34 | 2.35 | 1.68 | 1.32 | 0.83 | 0.77 | 0.29 | 0.13 | 0.23 | 0.93 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 17%
- 5 Years
- 16%
- 3 Years
- −2%
- TTM
- 2%
- 10 Years
- 8%
- 5 Years
- 30%
- 3 Years
- 0%
- TTM
- −65%
- 10 Years
- 40%
- 5 Years
- 39%
- 3 Years
- 14%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 32%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Jai Balaji Industries | ₹ 63.50 | ₹ 5,818 Cr. | 20x | 2.7x | 6% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Aditya Jajodia
- Executive Chairman of the Board, Managing Director
- Sanjiv Jajodia
- Chief Financial Officer, Whole time Director
- Ajay Kumar Tantia
- Compliance Officer, Company Secretary
- Bimal Kumar Choudhary
- Executive Director
- Gaurav Jajodia
- Whole Time Director
- Rajiv Jajodia
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.