Jai Balaji Industries Limited (JAIBALAJI) AI Stock Analysis

• Market Cap: ₹56.89B
• Dividend Yield: N/A
• Average Volume (3M): 102.42K
• Price to Earnings (P/E): 139.0
• Beta (1Y): 1.28
• Revenue Growth: -13.11%
• EPS Growth: -69.18%
• Country: IN
• Employees: 4,431
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.13
• Shares Outstanding: 912,251,400
• 10 Day Avg. Volume: 57,959
• 30 Day Avg. Volume: 102,420
• PEG Ratio: -0.52
• Price to Book (P/B): 6.01
• Price to Sales (P/S): 2.01
• P/FCF Ratio: -274.58
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ₹68.00 ▼(-6.34% Downside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is held back most by weak technicals (downtrend signals across MACD/RSI and key moving averages) and an expensive valuation (very high P/E with no dividend yield provided). Financial performance is moderate, supported by revenue growth and improving leverage, but pressured by declining net income and weaker free cash flow.

Positive Factors

Integrated steel value chain

Vertical integration across ironmaking, ferro alloys and finished steel supports durable margin control and supply security. Owning multiple value-chain stages reduces reliance on third-party inputs, helps capture upstream margins, and improves resilience to input price swings over months.

Strong gross and EBIT margins

Sustained gross and EBIT margins indicate competitive production economics and operational efficiency. Over a 2–6 month horizon, healthy operating margins provide buffer against cyclical price moves and support reinvestment capacity and creditor confidence.

Improving leverage (debt-to-equity)

A materially improved debt-to-equity ratio strengthens financial flexibility and lowers refinancing risk. Over months, reduced leverage helps free cash flow allocation toward capex or deleveraging and makes the company less vulnerable to interest-rate or liquidity stress.

Negative Factors

Declining net income

Falling net income erodes retained earnings and reduces internal funding for growth. Persisting net-profit weakness can constrain capex, heighten reliance on external financing, and weaken stakeholder confidence over the medium term.

Weaker free cash flow

Declining free cash flow suggests higher capex or worsening cash conversion, limiting cash available for debt paydown and dividends. Structurally weaker FCF reduces strategic optionality and increases vulnerability during demand slowdowns over months.

Recent revenue and EPS declines

Material recent drops in revenue and EPS signal weakening demand or margin pressure. If sustained, these trends can degrade scale economics, reduce bargaining power with suppliers/customers, and pressure long-term profitability and reinvestment capacity.

Jai Balaji Industries Limited Business Overview & Revenue Model

Company Description

Jai Balaji Industries Limited manufactures and markets iron and steel products primarily in India. It provides sponge iron, pig iron, ductile iron pipe, ferro chrome, TMT, coke, and sinter, as well as ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, and wire rods. The company offers its TMT bars under the Balaji Shakti brand. Jai Balaji Industries Limited was incorporated in 1999 and is based in Kolkata, India.

How the Company Makes Money

JAIBALAJI primarily makes money by manufacturing and selling iron and steel products to industrial and construction customers. Its key revenue streams typically include: (1) finished steel sales—products such as TMT bars, structural steel, and wire rods sold into construction and infrastructure-related demand; (2) intermediate metallurgical product sales—pig iron, sponge iron, and ferro alloys sold to steel producers and foundries as inputs for further processing; and (3) by-product and co-product sales generated during ironmaking/steelmaking processes (specific by-products and their contribution are not available: null). Revenue and profitability are influenced by realized selling prices for steel and ferro alloy products, production volumes and capacity utilization, and input cost dynamics (notably iron ore, coal/coke, power, and logistics). Information on significant long-term partnerships, offtake agreements, or customer concentration is not available: null.

Jai Balaji Industries Limited Financial Statement Overview

Summary

Income statement strength (70) reflects solid gross/EBIT margins and consistent revenue growth, but declining net income is a notable drag. Balance sheet (65) shows improved leverage via a better debt-to-equity ratio, though liabilities remain relatively high versus assets. Cash flow (60) is positive on operations, but weaker free cash flow suggests reduced cash generation after capex.

Income Statement

Jai Balaji Industries Limited showed a strong gross profit margin and EBIT margin for the latest year. However, there was a decrease in net income, impacting the net profit margin negatively. The company has exhibited consistent revenue growth over the years, which is a positive indication of business expansion and market penetration.

Balance Sheet

The debt-to-equity ratio has improved notably, indicating better financial stability and reduced leverage risk. However, the equity ratio, while improving, still reflects a relatively high level of liabilities compared to assets. Return on Equity has been volatile but shows a positive trend in recent years.

Cash Flow

Operating cash flow remains positive, but there is a noticeable decline in free cash flow compared to previous years, indicating increased capital expenditures or reduced cash generation. The company needs to focus on improving free cash flow to ensure long-term sustainability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	57.86B	63.51B	64.14B	61.25B	46.93B	27.85B
Gross Profit	18.48B	22.85B	22.37B	13.37B	9.74B	4.66B
EBITDA	5.87B	9.34B	11.21B	2.92B	2.38B	1.06B
Net Income	2.93B	5.58B	8.80B	578.24M	480.65M	-758.22M
Balance Sheet
Total Assets	39.44B	38.91B	33.54B	29.60B	29.69B	30.06B
Cash, Cash Equivalents and Short-Term Investments	820.80M	1.44B	536.16M	344.85M	163.54M	256.42M
Total Debt	4.59B	5.59B	4.73B	8.60B	31.69B	34.34B
Total Liabilities	17.23B	17.66B	18.50B	24.04B	46.32B	47.39B
Stockholders Equity	22.22B	21.25B	15.04B	5.56B	-16.63B	-17.33B
Cash Flow
Free Cash Flow	311.80M	-465.10M	4.57B	2.28B	3.35B	1.01B
Operating Cash Flow	1.35B	3.11B	8.39B	3.21B	4.63B	1.43B
Investing Cash Flow	-938.40M	-3.52B	-3.98B	-1.19B	-1.24B	-395.27M
Financing Cash Flow	-1.26B	880.00M	-4.16B	-1.92B	-3.51B	-893.66M

Jai Balaji Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 72.6 is above the 20-day moving average (MA) of 64.96, above the 50-day MA of 68.32, and below the 200-day MA of 89.99, indicating a bearish trend. The MACD of -1.48 indicates Negative momentum. The RSI at 44.33 is Neutral, neither overbought nor oversold. The STOCH value of 42.13 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSL	76 Outperform	₹29.06B	13.58	―	1.36%	-0.46%	4.85%
JINDALSAW	69 Neutral	₹122.34B	10.37	―	1.18%	-13.69%	-30.57%
MAHSEAMLES	68 Neutral	₹73.66B	7.74	―	1.82%	0.81%	-7.11%
SUNFLAG	62 Neutral	₹38.18B	20.39	―	0.28%	6.44%	36.54%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRAPHITE	54 Neutral	₹121.42B	46.09	―	1.93%	-7.12%	-48.28%
JAIBALAJI	53 Neutral	₹56.89B	139.02	―	―	-13.11%	-69.18%