Jai Balaji Industries Ltd

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NSEBSE

1240.55-9.20 (-0.74%)

12:00 AM,2nd Mar 2024

1240.05-11.15 (-0.89%)

12:00 AM,2nd Mar 2024

BSE : 532976

NSE : JAIBALAJI

Sector : Metals & Mining

ISIN Code : INE091G01018

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Last Updated: Mar 02 2024 | 12:00 AM IST

Market Cap (₹ Cr)

19905

Turnover (₹ Cr)

0.20

Volume (Shares)

16185

Face Value

10

52-WK High

1314.00

52-WK High Date

01 Mar 2024

52-WK Low

42.10

52-WK Low Date

28 Mar 2023

All Time High

1314.00

All Time High Date

01 Mar 2024

All Time Low

4.80

All Time Low Date

30 Nov 2015

Jai Balaji Industries Ltd

Jai Balaji Industries Ltd the flagship company of Jai Balaji Group is one of the largest steel producers in the private sector in Eastern India. The company is an integrated steel manufacturer. Their products includes sponge iron pig iron reinforcement steel TMT bars alloy and mild steel ingots & wire rod and carbon alloy & mild steel heavy rounds. They are having five manufacturing facilities located at Durgapur and Raniganj in West Bengal and Durg in Chhattisgarh.The company also manufactures Thermex TMT Bars under the brand name Balaji Shakti which is a respected name among civil contractors and real estate developers for quality steel. In addition they have supplied steel to various projects of National importance undertaken by National Hydro-Electric Power Corporation Ltd. National Highway Authorities of India etc.Jai Balaji Industries Ltd was incorporated in the year 1999 as Jai Balaji Sponge Ltd. The company set up their first Mini DRI Plant in West Bengal. In the year 2000 they established their first sponge iron plant with the initial capacity of 50 tonnes per day. In October 2003 the company made an initial public offer of one-crore equity shares having face value of Rs 10 each. In September 2005 the company commissioned a power plant with installed capacity of 12 MW per annum and a ferro alloy plant with installed capacity of 30000 MT per annum at Ranigunj in West Bengal. During the year 2006-07 the company increased the capacity of steel bars/rods by 180000 tonne per annum and billet/MS ingots by 58806 tonne per annum. In addition they commissioned a 40 MW captive power plant during the year. Shri Ramrupai Balaji Steels Ltd amalgamated with the company with effect from April 1 2006 which had a sponge iron plant with the capacity 120000 tonne per annum blast furnace with the capacity 80500 tonne per annum steel bars/rods with the capacity 80000 tonne per annum and billet/MS ingots with the capacity 176418 tonne per annum.In March 2007 the company commissioned the blast furnace with the installed capacity of 28750 MT per annum to produce pig iron. They changed the name of the company from Jai Balaji Sponge Ltd to Jai Balaji Industries Ltd with effect from June 22 2007.During the year 2007-08 the company acquired the steel division of HEG Ltd in Chhattisgarh having a sponge iron plant with the capacity of 120000 MT per annum steel-melting shop with the capacity of 100000 MT per annum and a 12.8 MW captive power plant. In October 2007 the company acquired 100% shareholding of Nilachal Iron & Power Ltd in Jharkhand having a sponge iron plant with the capacity of 100000 MT per annum. The company signed a Memorandum of Agreement with the Government of West Bengal for setting up an integrated steel plant of 5 million tonnes per annum capacity a cement plant of 3 million tonnes per annum capacity and a captive power plant of 1215 MW capacity in Purulia West Bengal at a total investment of Rs 16000 crore.During the year 2008-09 the company entered into a joint venture agreement with JSW Steel Ltd and Bhushan Power & Steel Ltd and formed a company namely Rohne Coal Company Pvt Ltd to acquire 6.90% stake in a coal block. In June 2 2008 the company listed their equity shares on Bombay Stock Exchange Ltd.In August 2008 the company signed an MoU with the Government of Chhattisgarh for setting up an integrated steel plant in Chhattisgarh and in September 2008 they signed another MoU with Government of Chhattisgarh and Chhattisgarh State Electricity Board for setting up a 600 MW thermal power project in Chhattisgarh.In September 15 2008 the sinter plant at Durgapur with the installed capacity of 6.08 lakh MTPA commenced its production and in March 18 2008 the electric arc furnace plant at Durgapur with the installed capacity of 4.33 lakh MTPA commenced its production. The company commissioned ferro alloy plant with a capacity of 0.25 lakh MTPA and started trial production with effect June 02 2009.The Ferro Alloy plant at Durgapur with a capacity of 0.25 lacs MTPA commenced commercial production w.e.f. 17th August 2009. The Ductile Iron Pipe Plant at Durgapur with a capacity of 2.40 lacs MTPA had commenced commercial production with effect from November 3 2010. The Company had three wholly owned subsidiaries namely Nilachal Iron & Power Limited Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited. Both Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited were incorporated on 1st November 2010. The DRI Plant of 60000 MT & coal washery in subsidiary company M/s Nilachal Iron & Power Limited was commissioned in 2012. The project for expansion of 350000 MTPA Coke Oven Plant along with Waste Heat Recovery Boiler of 80 TPH got completed in 2012-13.

Jai Balaji Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

19905

EPS - TTM (₹) [S]

36.99

P/E Ratio (X) [S]

20.17

Face Value (₹) 10
Latest Dividend (%)4.00
Latest Dividend Date 15 Sep 2011
Dividend Yield (%) -
Book Value Share (₹) [S]61.49
P/B Ratio (₹) [S]20.17
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Quant Multi Asset Fund (G) 0.10 14082 0.10
Quant Multi Asset Fund (IDCW) 0.10 14082 0.10
Quant Multi Asset Fund - Direct (G) 0.10 14082 0.10
Quant Multi Asset Fund - Direct (IDCW) 0.10 14082 0.10

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1215.50

1285.00

Week Low/High

1170.00

1314.00

Month Low/High

879.50

1314.00

Year Low/High

42.10

1314.00

All time Low/High

4.91

1314.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week3.63%3.85%0.910.75%
1 Month16.13%15.65%2.392.40%
3 Month109.30%109.09%9.3710.41%
6 Month333.08%337.04%12.8815.14%
1 Year2424.52%2416.33%25.2929.19%
3 Year4028.29%3888.91%46.7450.00%

Company Info

Company Information

Chairman & Managing Director : Aditya Jajodia

ED / WTD / CFO / Promoter : Sanjiv Jajodia

Non Executive Director : Rajiv Jajodia

Non Executive Director : Gourav Jajodia

Executive Director : Bimal Kumar Choudhary

Independent Non Exe. Director : Shailendra Kumar Tamotia

Independent Non Exe. Director : Seema Chowdhury

Independent Non Exe. Director : Rakhi

Independent Non Exe. Director : Ashim Kumar Mukherjee

Independent Non Exe. Director : Swati Bajaj

Director : Mamata Jain

Registered Office: 5 Bentinck Street, 1st Floor,Kolkata,West Bengal-700001 Ph: 91-33-22489808

Email:jaibalaji@jaibalajigroup.com

URL:http://www.jaibalajigroup.com