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Jai Balaji Industries Limited
(JAIBALAJI)
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Rating:57Neutral
Price Target:
₹74.00
▲(1.93% Upside)
Action:Reiterated
Date:06/01/26
The score is anchored by improved financial footing driven by major debt reduction and stronger capitalization, but is held back by FY2026 earnings compression and uneven free cash flow. Technical indicators point to weak near-term momentum, and the P/E multiple appears high based on the provided valuation data.
Positive Factors
Sharp debt reduction & stronger equity
The company materially cut leverage over several years, leaving debt near ~4.2B and equity around ~22.6B in FY2026. This durable capitalization improvement lowers refinancing and solvency risk, expands financial flexibility for capex or opportunistic investments, and strengthens resilience through steel cycles.
Negative Factors
FY2026 earnings & revenue downshift
FY2026’s decline in revenue and sharp margin compression reversed prior profit gains, indicating demand or pricing headwinds. If this earnings weakness persists, it can erode cash generation and make it harder to sustain debt reduction, capex and strategic investments over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp debt reduction & stronger equity
The company materially cut leverage over several years, leaving debt near ~4.2B and equity around ~22.6B in FY2026. This durable capitalization improvement lowers refinancing and solvency risk, expands financial flexibility for capex or opportunistic investments, and strengthens resilience through steel cycles.
Read all positive factors
Jai Balaji Industries Limited (JAIBALAJI) vs. iShares MSCI India ETF (INDA)
Market Cap
₹60.65B
Dividend YieldN/A
Average Volume (3M)102.42K
Price to Earnings (P/E)46.6
Beta (1Y)1.31
Revenue Growth-8.92%
EPS Growth-77.28%
CountryIN
Employees4,431
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)1.42
Shares Outstanding912,251,400
10 Day Avg. Volume57,959
30 Day Avg. Volume102,420
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)2.19
Price to Sales (P/S)0.86
P/FCF Ratio82.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.6
Revenue Forecast (FY)₹92.40B
Jai Balaji Industries Limited Business Overview & Revenue Model
Company Description
Operating predominantly within India, Jai Balaji Industries Limited specializes in the manufacturing and commercialization of a diverse portfolio of iron and steel products. Its extensive offerings include sponge iron, pig iron, ductile iron pipes...
How the Company Makes Money
Jai Balaji Industries Limited primarily makes money by manufacturing and selling iron and steel products to industrial and construction customers. Its core revenue stream is the sale of finished and semi-finished steel (notably long products such ...
Jai Balaji Industries Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 57.84B | 63.51B | 64.14B | 61.25B | 46.93B |
| Gross Profit | 13.53B | 22.85B | 22.37B | 13.37B | 9.74B |
| EBITDA | 3.50B | 9.34B | 11.21B | 2.92B | 2.38B |
| Net Income | 1.30B | 5.58B | 8.80B | 578.24M | 480.65M |
Balance Sheet | |||||
| Total Assets | 40.77B | 38.91B | 33.54B | 29.60B | 29.69B |
| Cash, Cash Equivalents and Short-Term Investments | 896.70M | 1.44B | 536.16M | 344.85M | 163.54M |
| Total Debt | 4.17B | 5.59B | 4.73B | 8.60B | 31.69B |
| Total Liabilities | 18.20B | 17.66B | 18.50B | 24.04B | 46.32B |
| Stockholders Equity | 22.58B | 21.25B | 15.04B | 5.56B | -16.63B |
Cash Flow | |||||
| Free Cash Flow | 599.50M | -465.10M | 4.57B | 2.28B | 3.35B |
| Operating Cash Flow | 3.08B | 3.11B | 8.39B | 3.21B | 4.63B |
| Investing Cash Flow | -2.49B | -3.52B | -3.98B | -1.19B | -1.24B |
| Financing Cash Flow | -1.52B | 880.00M | -4.16B | -1.92B | -3.51B |
Jai Balaji Industries Limited Technical Analysis
Negative
72.60
Price Trends
73.16
Negative
69.13
Negative
74.47
Negative
Market Momentum
-0.91
Negative
42.13
Neutral
22.11
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 68.23, below the 50-day MA of 73.16, and below the 200-day MA of 74.47, indicating a bearish trend. The MACD of -0.91 indicates Negative momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of 22.11 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹22.65B | 6.89 | ― | 1.10% | -13.34% | -6.28% | |
65 Neutral | ₹59.01B | 29.80 | ― | 0.28% | 11.13% | 24.84% | |
62 Neutral | ₹83.48B | 18.55 | ― | ― | 18.87% | 311.35% | |
61 Neutral | ₹28.94B | 6.74 | ― | 1.65% | 20.32% | -31.19% | |
57 Neutral | ₹60.65B | 46.56 | ― | ― | -8.92% | -77.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹22.85B | 67.00 | ― | ― | -2.14% | ― |
* General Sector Average
IN:JAIBALAJI
Jai Balaji Industries Limited
66.50
-54.65
-45.11%
IN:JAYNECOIND
Jayaswal Neco Industries Limited
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131.69%
IN:MAITHANALL
Maithan Alloys Ltd.
1,004.10
-131.11
-11.55%
IN:MSPL
MSP Steel & Power Limited
39.47
8.01
25.46%
IN:PRAKASH
Prakash Industries Limited
128.15
-28.98
-18.44%
IN:SUNFLAG
Sunflag Iron & Steel Co. Ltd.
334.60
33.06
10.96%
Jai Balaji Industries Limited Corporate Events
Jai Balaji Industries Announces Resignations of Senior Sales and Finance Executives
Apr 11, 2026
Jai Balaji Industries Limited has announced the resignation of two key senior management members: Sujoy Kanti Bagchi, President of the Sales Marketing Department, and Sanjay Agarwal, Associate Vice President of the Accounts Department, effective ...
Jai Balaji Industries Announces Resignations of Two Senior Executives
Apr 11, 2026
Jai Balaji Industries Limited has announced the resignation of two senior management executives, President of Sales Marketing Sujoy Kanti Bagchi and Associate Vice President of Accounts Sanjay Agarwal, effective from the close of business on Apri...
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.