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Jai Balaji Industries (JAIBALAJI) had a P/E of 31.4× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 25% below their 52-week high. Sales fell 1.8% a year over 3 years while net profit grew 31%, with ROCE of 10% and ROE of 8.4%. Debt is 0.21× equity. It is a small-cap company with a market cap of ₹6,139 Cr, ranked 26th of 150 Steel companies by market cap; the shares fell 27% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹68.99
Day high
₹69.30
Day low
₹64.10
Prev. close
₹67.95
Volume
16.9 L

Health check

2 fair · 4 to check
  • ReturnsBehind

    −26.8% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 31.4 vs industry 19.9.

  • GrowthSteady

    Sales −1.8%, profit +31.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.2% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.21× equity, interest covered 4.4×, Piotroski 5 of 9.

  • Red flags1 to check

    P/E of 31.4 against an industry P/E of 19.9.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹6,139 Cr, #26 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹6,396 Cr · profit ₹195 Cr
Market cap
₹6,139 Cr
Small cap
P/E
31.4
Industry 19.9
Price to book
2.53
Peers 2.28
Dividend yield
0.00%
ROE
8.4%
Peers 23.4%
ROCE
10.2%
Peers 18.7%
Debt to equity
0.21
Debt ₹500 Cr
EPS (TTM)
₹2.14
Face value ₹2
OPM (TTM)
6.7%
Net margin 3.1%
Sales growth
+22.1%
Latest quarter vs a year ago
Profit growth
+191.6%
Latest quarter vs a year ago
Price to sales
0.96
EV/EBITDA 15.4

Strengths and risks

Strengths

  • Quarterly profit up 191.6% on a year ago.
  • Quarterly sales up 22.1% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 31.4 against an industry P/E of 19.9.

Derived automatically from reported figures. Not a recommendation.

About Jai Balaji Industries

Jai Balaji Industries Limited manufactures and markets iron and steel products in India. The company provides TMT bars, cement, sponge iron, pig iron, ductile iron pipe, ferro chrome, billet, coke, sinter, ductile iron pipes, and alloy carbon and mild steel billets and rounds. It also offers steel bars/rods, ferro alloys, MS ingots, and coke/coke fines/nut coke, as well as generates power. The company offers its TMT bars under the Balaji Shakti brand…

Headquarters
Kolkata
Employees
4,220
Sector
Basic Materials
ISIN
INE091G01026
Website
jaibalajigroup.com

Price range

52 weeks

₹53.65₹90.25

Today

₹64.10₹69.30
Avg volume (3M)
9.8 L
1-year return
minus 26.8%
From 52-week high
minus 25.4%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
JAIBALAJIJai Balaji Industries67.29minus 0.97%6,13931.418.710.2%6.1%0.18−1.8%minus 26.8%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,3531,3291,7451,6831,652
1,2811,2741,6531,5311,520
71.954.492.2151132
5.3%4.1%5.3%9.0%8.0%
13.57.83.23.414
14.51617.713.914.7
31.131.531.931.632
––−3.3––
39.814.742.410999.5
33.5%21.3%49.6%22.0%22.4%
26.511.621.485.277.2
0.290.130.230.930.85

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.8%
Profit CAGR 3Y
+31.0%
EPS CAGR 3Y
+20.0%
ROE
8.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,0386,2896,1155,711
–+4.1%minus 2.8%minus 6.6%
5,7485,0845,2465,360
2911,205869350
4.8%19.2%14.2%6.1%
18120952.820.6
87.770.958.255.9
97.985.693.8125
−181−2958.21.6
105963778192
44.9%8.7%28.3%32.2%
57.8880558130
–+1421.1%minus 36.6%minus 76.7%
0.821.996.181.42

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
145164182182
4111,3401,9422,075
860473559417
1,5431,3781,2071,403
2,9603,3543,8914,077
1,2001,5281,7811,917
68.8146127347
0.80.81350.8
34.553.61441.9
1,6561,6271,7031,811
2,9603,3543,8914,077

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
321839311358
−119−398−352−242
−192−41688−209
10.324.247.1−92.8
−92.4−381−358−248
228457−46.5110

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 1.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you