Jai Balaji Industries Ltd. (NSE: JAIBALAJI): Stocks on the stock market can be multibaggers. To get a multibagger return, you must enter the market when the time is right. Jai Balaji Industries is been a multibagger stock for its investors over the past year.
Jai Balaji Industries Ltd shares of this metal stock in the “Small Cap” category have returned multibagger returns of over 2417 percent in just a year.
Shares of the company have increased by 15 percent over the last five sessions.
Jai Balaji Industries Limited manufactures iron and steel. The company produces many products, including pig iron and TMT bars, as well as ferrochrome and sponge iron.
The company has operations in India and outside of India.
Jai Balaji Industries’ market capitalization is Rs 20,457.41 crore. On Wednesday, the shares of Jai Balaji Industries was trading at Rs 1241.00.
According to data from the stock exchange the company has returned 2460 percent within a year. It went from Rs 49.65 on February 2023 to its current price.
If someone invested Rs 1 lakh a year earlier in the stock of a company, this investment would now be worth approximately Rs 25.60 lakh.
The fundamental business metrics such as operating income and profit after taxes are moving in the opposite direction.
The revenue decreased marginally, from Rs 1547 crore during Q2FY24 to Rs 1539 crore during Q3FY24, while the profit increased, from Rs 202 to Rs 235.
The company announced that it would spend Rs 1000 crore on capital expenditures (capex), of which Rs 4000 crore was allocated to “specialized products” which are expected to be operational in FY2025.
Among other products, there is an outlay of Rs 250 crore for redesigning the existing blast furnace, which is expected to be completed by the next financial year.
About Jai Balaji Industries Ltd
The actual capabilities of the Company’s production comprise approximately 4,45,000 tonnes annually from direct reduced iron (DRI) over 509,250 tonnes per year of pig iron, approximately 106,000 tonnes per year of ferro-alloys, and more than 10,20,430 tonnes per year of alloys as well as MS billets.
Jai Balaji Industries Limited primarily sells and manufactures steel and iron items within India.
The company manufactures Sponge Iron, Pig Iron, TMT Bar, Ductile Iron Pipe, DRI, Ferro Chrome, Coke, Steel Bar/Rod Sinter, Ornamental Steel Grille, Portland Slag Cement, Ferro Alloys, Alloy Carbon and Mild Steel Rounds and Billets.
It sells TMT bars (Thermo Mechanically Treated Bar) under the Balaji Shakti brand.
The company also ships its merchandise internationally. Jai Balaji Industries Limited was established in 1999 and has its headquarters in Kolkata, India.
Fundamental Analysis of Jai Balaji Industries Ltd
| Market Cap | ₹ 20,047 Cr. |
| Current Price | ₹ 1,241 |
| 52-wk High | ₹ 1,299 |
| 52-wk Low | 42.10 |
| Stock P/E | 35.86 |
| Book Value | ₹ 61.5 |
| Dividend | 0.00 % |
| ROCE | 18.3 % |
| ROE | — |
| Face Value | ₹ 10.0 |
| P/B Value | 20.3 |
| OPM | 11.6 % |
| EPS | ₹ 37.2 |
| Debt | ₹ 660 Cr. |
| Debt to Equity | 0.67 |
Jai Balaji Industries Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 1030 | ₹ 1332 |
| 2025 | ₹ 1356 | ₹ 1437 |
| 2026 | ₹ 1565 | ₹ 1697 |
| 2027 | ₹ 1876 | ₹ 1900 |
| 2028 | ₹ 2000 | ₹ 2134; |
| 2029 | ₹ 2233 | ₹ 2354 |
| 2030 | ₹ 2457 | ₹ 2765 |
Jai Balaji Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 55.90% |
| Mar 2022 | 55.90% |
| June 2023 | 58.73% |
| Sept 2023 | 60.02% |
| Dec 2023 | 60.02% |
| FII Holding | |
| Dec 2022 | 0.00% |
| Mar 2022 | 0.00% |
| June 2023 | 0.09% |
| Sept 2023 | 0.67% |
| Dec 2023 | 2.57% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2022 | 0.00% |
| June 2023 | 0.05% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 44.09% |
| Mar 2022 | 44.09% |
| June 2023 | 41.12% |
| Sept 2023 | 39.30% |
| Dec 2023 | 37.40% |
Jai Balaji Industries Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 3,077 Cr |
| 2020 | ₹ 2,912 Cr |
| 2021 | ₹ 2,785 Cr |
| 2022 | ₹ 4,692 Cr |
| 2023 | ₹ 6,292 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -154 Cr |
| 2020 | ₹ -114 Cr |
| 2021 | ₹ -76 Cr |
| 2022 | ₹ 48 Cr |
| 2023 | ₹ 594 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | -2.3 |
| 2020 | -2.09 |
| 2021 | -1.98 |
| 2022 | -1.91 |
| 2023 | 1.55 |
Last 10 Years’ Profit Growth:
| 10 Years: | 10% |
| 5 Years: | 21% |
| 3 Years: | 48% |
| Current Year: | 666% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | — |
Sales Growth Over 10 Years:
| 10 Years: | 15% |
| 5 Years: | 21% |
| 3 Years: | 28% |
| Current Year: | 10% |
Conclusion
This article is a complete guide about Jai Balaji Industries Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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