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    • Jai Balaji Industries Share Price

    Mid Cap
    ₹1,051.85
    + 1.75 (0.17%)
    05 November, 2024 17:01 BSE: 532976 NSE: JAIBALAJI ISIN: INE091G01018

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    Jai Balaji Industries Performance

    Day Range

    • Low 1,020
    • High 1,065
    ₹ 1,051

    52 Week Range

    • Low 546
    • High 1,314
    ₹ 1,051
    • Open Price1,025
    • Previous Close1,050
    • Volume58373

    Jai Balaji Industries Chart

    • Over 1 Month -0.88%
    • Over 3 Month + 15.44%
    • Over 6 Month + 3.86%
    • Over 1 Year + 87.8%

    Jai Balaji Industries Key Statistics

    P/E Ratio 20.9
    PEG Ratio 0.1
    Market Cap Cr 19,191
    Price to Book Ratio 12.8
    EPS 49.3
    Dividend 0
    Relative Strength Index 48.06
    Money Flow Index 53.55
    MACD Signal -4.07
    Average True Range 56.91

    Jai Balaji Industries Investment Rating

    • Master Rating:

    • Jai Balaji Industries Ltd. is one of Eastern India’s largest steel manufacturers, producing a wide range of iron and steel products, including sponge iron, pig iron, TMT bars, and ductile iron pipes, with a combined capacity of over 2.7 million tonnes annually. Jai Balaji Inds. has an operating revenue of Rs. 6,649.53 Cr. on a trailing 12-month basis. An annual revenue growth of 8% is good, Pre-tax margin of 15% is great, ROE of 58% is exceptional. The company has a reasonable debt to equity of 20%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 9% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 11% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 93 which is a GREAT score indicating consistency in earnings, a RS Rating of 67 which is FAIR indicating the recent price performance, Buyer Demand at A+ which is evident from recent demand for the stock, Group Rank of 118 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail. Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Jai Balaji Industries Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,7181,8461,5391,5471,4831,724
    Operating Expenses Qtr Cr 1,4031,6051,2921,3331,2771,661
    Operating Profit Qtr Cr 31624124721320563
    Depreciation Qtr Cr 222321212125
    Interest Qtr Cr 161815192126
    Tax Qtr Cr 788400047
    Net Profit Qtr Cr 209273235202170-13
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 6,6296,161
    Operating Expenses Annual Cr 5,5085,869
    Operating Profit Annual in Cr 906256
    Depreciation Cr 8698
    Interest Annual Cr 7389
    Tax Annual Cr 8447
    Net Profit Annual Cr 88058
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 839321
    Cash from Investing Activity Annual Cr -398-118
    Cash from Financing Annual Activity Cr -416-192
    Net Cash Flow Annual Cr 2411
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 1,504556
    Fixed Assets Annual Cr 1,4981,200
    Total Non Current Assets Annual Cr 1,8451,588
    Total Current Assets Annual Cr 1,5091,372
    Total Assets Annual Cr 3,3542,960
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 9238
    ROE Annual % 5810
    ROCE Annual % 5616
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 175
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023
    Oper Rev Qtr Cr 1,7181,8461,5391,5471,4831,724
    Operating Expenses Qtr Cr 1,4031,6051,2921,3331,2771,661
    Operating Profit Qtr Cr 31624124721320563
    Depreciation Qtr Cr 222321212125
    Interest Qtr Cr 161815192126
    Tax Qtr Cr 788400047
    Net Profit Qtr Cr 209273235202170-13
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 6,6296,161
    Operating Expenses Annual Cr 5,5085,869
    Operating Profit Annual in Cr 906256
    Depreciation Cr 8698
    Interest Annual Cr 7389
    Tax Annual Cr 8447
    Net Profit Annual Cr 88058
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 839321
    Cash from Investing Activity Annual Cr -398-118
    Cash from Financing Annual Activity Cr -416-192
    Net Cash Flow Annual Cr 2411
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 1,504556
    Fixed Assets Annual Cr 1,4981,200
    Total Non Current Assets Annual Cr 1,8451,588
    Total Current Assets Annual Cr 1,5091,372
    Total Assets Annual Cr 3,3542,960
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 9238
    ROE Annual % 5810
    ROCE Annual % 5616
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 175
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    Jai Balaji Industries Technicals

    EMA & SMA

    Current Price
    ₹1,051.85
    + 1.75 (0.17%)
    pointer
    • Bullish Moving Average
    • ___
    • 7
    • Bearish Moving Average
    • ___
    • 9
    • 20 Day
    • ₹1,062.78
    • 50 Day
    • ₹1,047.69
    • 100 Day
    • ₹1,009.98
    • 200 Day
    • ₹922.47
    • 20 Day
    • ₹1,072.70
    • 50 Day
    • ₹1,064.10
    • 100 Day
    • ₹981.18
    • 200 Day
    • ₹998.17

    Jai Balaji Industries Resistance and Support

    PIVOT
    ₹1,060.27
    Resistance
    First Resistance 1,075.53
    Second Resistance 1,100.97
    Third Resistance 1,116.23
    RSI 48.06
    MFI 53.55
    MACD Single Line -4.07
    MACD -5.52
    Support
    First Support 1,034.83
    Second Support 1,019.57
    Third Supoort 994.13

    Jai Balaji Industries Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 49,802 2,896,484 58.16
    Week 114,600 6,779,724 59.16
    1 Month 123,329 7,806,720 63.3
    6 Month 102,471 8,734,610 85.24

    Jai Balaji Industries Result Highlights

    Jai Balaji Industries Synopsis

    NSE-Steel-Producers

    Jai Balaji Industries Ltd. is a leading private sector steel manufacturer in Eastern India, with eight integrated steel plants located across West Bengal, Chhattisgarh, Orissa, and Jharkhand. With a production capacity of over 2.7 million tonnes per annum, the company offers a diverse range of products, including sponge iron, pig iron, ferro alloys, TMT bars, wire rods, and ductile iron pipes. Jai Balaji is dedicated to innovation, quality, and sustainability, serving both domestic and international markets. The company also has diversified into power generation and allied industries. Jai Balaji is committed to contributing to India's infrastructure and growth story.
    Market Cap 19,159
    Sales 6,650
    Shares in Float 6.39
    No of funds 86
    Yield
    Book Value 11.4
    U/D Vol ratio 1.7
    LTDebt / Equity 20
    Alpha 0.17
    Beta 1.08

    Jai Balaji Industries Shareholding Pattern

    Owner NameSep-24Jun-24
    Promoters 64.84%63.85%
    Mutual Funds 0.09%0.08%
    Insurance Companies
    Foreign Portfolio Investors 3%2.92%
    Individual Investors 8.7%9.47%
    Others 23.37%23.68%

    Jai Balaji Industries Management

    Name Designation
    Mr. Aditya Jajodia Chairman & Managing Director
    Mr. Sanjiv Jajodia WholeTime Director & CFO
    Mr. Rajiv Jajodia Whole Time Director
    Mr. Gaurav Jajodia Whole Time Director
    Mr. Bimal Kumar Choudhary Executive Director
    Mr. Ashim Kumar Mukherjee Independent Director
    Mr. Shailendra Kumar Tamotia Independent Director
    Ms. Seema Chowdhury Independent Woman Director
    Ms. Rakhi Jain Independent Woman Director
    Ms. Swati Bajaj Independent Woman Director
    Ms. Mamta Jain Independent Woman Director

    Jai Balaji Industries Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Jai Balaji Industries Corporate Action

    Date Purpose Remarks
    2024-07-29 Quarterly Results
    2024-04-25 Audited Results
    2024-01-15 Quarterly Results
    2023-10-16 Quarterly Results
    2023-08-14 Quarterly Results

    About Jai Balaji Industries

    Jai Balaji Industries Ltd. is a leading global steel manufacturing company headquartered in India, specializing in the production of steel products for various industries. Established in 1999, the company operates a range of steel production facilities & has a strong market presence in the steel industry.

    Product Portfolio: The company offers a range of value-added goods, such as wire rods, ductile iron pipes, alloy & mild steel heavy rounds, ferro alloys, alloy & sponge iron, reinforcement steel TMT bars, & pig iron.

    Production Facilities: The business operates four production facilities in West Bengal & Chhattisgarh. It is one of the biggest producers of value-added goods in Eastern India's private sector (DI Pipes & Specialized Ferro Alloys).

    Capacity Expansion: The company has a Rs. 1,000 Cr. total capital expenditure plan, of which about Rs. 600 Cr. have already been paid for through internal accruals. The remaining amount is scheduled to be finished within the following year.

    Shareholding of Promoters: Following the conversion of warrants awarded to them, the promoters increased their shareholding from approximately 51% in June 2022 to approximately 64% in June 2024. Twenty-seven percent of the promoters' shares have been pledged.

    Jai Balaji Industries FAQs

    What is Share Price of Jai Balaji Industries ?

    Jai Balaji Industries share price is ₹1,051 As on 05 November, 2024 | 16:47

    What is the Market Cap of Jai Balaji Industries ?

    The Market Cap of Jai Balaji Industries is ₹19191 Cr As on 05 November, 2024 | 16:47

    What is the P/E ratio of Jai Balaji Industries ?

    The P/E ratio of Jai Balaji Industries is 20.9 As on 05 November, 2024 | 16:47

    What is the PB ratio of Jai Balaji Industries ?

    The PB ratio of Jai Balaji Industries is 12.8 As on 05 November, 2024 | 16:47

    Is it a good time to buy Jai Balaji Industries shares?

    Consider the company's performance in the steel sector & its financial stability before investing.

     

    What are the most important metrics that can help to analyze the share price of Jai Balaji Industries?

    Key metrics include production volumes, steel prices, & profit margins.

    How can you buy shares from the Jai Balaji Industries?

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