Jai Balaji Industries (JAIBALAJI)₹66.19−2.45%Iron & Steel
In the Mar 2026 quarter (standalone), Jai Balaji Industries reported sales of ₹1,742 Cr, up 9.7% from Mar 2025, and net profit of ₹21.09 Cr, down 72.0% year on year. For the year to Mar 2026, sales were ₹5,775 Cr and net profit ₹131 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,481 | 1,546 | 1,537 | 1,843 | 1,714 | 1,556 | 1,484 | 1,588 | 1,355 | 1,352 | 1,327 | 1,742 |
| Expenses | 1,279 | 1,334 | 1,293 | 1,606 | 1,404 | 1,330 | 1,297 | 1,458 | 1,231 | 1,283 | 1,274 | 1,655 |
| Operating Profit | 205 | 212 | 247 | 240 | 315 | 228 | 190 | 133 | 127 | 71.81 | 53.93 | 91.76 |
| OPM % | 14.0% | 14.0% | 16.0% | 13.0% | 18.0% | 15.0% | 13.0% | 8.0% | 9.0% | 5.0% | 4.1% | 5.0% |
| Other Income | 7.97 | 27.91 | 22.92 | 156 | 9.97 | 21.94 | 17.96 | 18.96 | 15.96 | 12.97 | 7.97 | 0.00 |
| Interest | 20.97 | 18.98 | 14.98 | 17.98 | 15.99 | 14.98 | 14.97 | 16.98 | 17.99 | 14.98 | 15.98 | 17.99 |
| Depreciation | 20.92 | 20.93 | 20.91 | 22.90 | 21.93 | 21.90 | 22.91 | 25.92 | 30.90 | 30.89 | 31.89 | 31.90 |
| Profit before tax | 170 | 202 | 235 | 357 | 287 | 213 | 170 | 108 | 95.05 | 40.03 | 15.01 | 42.02 |
| Tax % | 0.0% | 0.0% | 0.0% | 23.1% | 27.0% | 28.0% | 29.0% | 30.1% | 25.0% | 33.1% | 21.0% | 50.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 |
| Net Profit | 171 | 203 | 236 | 274 | 210 | 154 | 121 | 75.23 | 71.31 | 26.10 | 12.06 | 21.09 |
| EPS (Rs) | 2.20 | 2.52 | 2.93 | 3.35 | 2.36 | 1.69 | 1.33 | 0.84 | 0.78 | 0.30 | 0.14 | 0.24 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,212 | 1,562 | 2,387 | 3,072 | 2,909 | 2,779 | 4,634 | 6,118 | 6,404 | 6,344 | 5,775 | 5,775 |
| Expenses | 1,366 | 1,666 | 2,485 | 3,055 | 2,878 | 2,691 | 4,443 | 5,802 | 5,490 | 5,487 | 5,440 | 5,444 |
| Operating Profit | −152 | −99.77 | −92.74 | 23.97 | 35.93 | 95.79 | 209 | 329 | 927 | 865 | 349 | 344 |
| OPM % | −13.0% | −6.0% | −3.9% | 0.8% | 1.2% | 3.5% | 4.5% | 5.0% | 14.0% | 14.0% | 6.0% | 6.0% |
| Other Income | 15.96 | 20.93 | −21.95 | 35.90 | 48.84 | 9.97 | 28.91 | −37.87 | 193 | 67.84 | 32.90 | 36.90 |
| Interest | 413 | 44.92 | 33.97 | 112 | 103 | 87.91 | 98.96 | 88.97 | 72.93 | 62.93 | 65.95 | 66.94 |
| Depreciation | 115 | 112 | 107 | 102 | 96.64 | 93.59 | 90.64 | 97.59 | 85.62 | 93.70 | 125 | 126 |
| Profit before tax | −666 | −236 | −257 | −154 | −114 | −76.01 | 48.04 | 105 | 963 | 779 | 192 | 192 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 45.1% | 9.0% | 28.1% | 32.1% | — |
| Exceptional items | 0.00 | 0.00 | −39.97 | −3.99 | −5.99 | −0.99 | −0.99 | −73.91 | −19.97 | 0.00 | −1.99 | −1.99 |
| Net Profit | −669 | −237 | −258 | −155 | −114 | −76.28 | 48.20 | 58.20 | 883 | 560 | 131 | 131 |
| EPS (Rs) | −17.21 | −5.49 | −5.35 | −3.20 | −2.08 | −1.38 | 0.88 | 0.80 | 10.79 | 6.15 | 1.43 | 1.46 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 73.76 | 77.68 | 85.65 | 95.61 | 95.61 | 110 | 110 | 110 | 145 | 163 | 181 | 181 |
| Reserves | −255 | −918 | −1,270 | −1,526 | −1,679 | −1,771 | −1,846 | −1,775 | 411 | 1,341 | 1,941 | 2,077 |
| Borrowings | 2,985 | 3,418 | 3,495 | 3,516 | 3,643 | 3,470 | 3,440 | 3,177 | 863 | 475 | 560 | 419 |
| Other Liabilities | 1,169 | 1,223 | 1,092 | 1,148 | 1,140 | 1,167 | 1,300 | 1,456 | 1,536 | 1,371 | 1,201 | 1,398 |
| Total Liabilities | 3,971 | 3,801 | 3,402 | 3,235 | 3,200 | 2,976 | 3,002 | 2,967 | 2,955 | 3,349 | 3,885 | 4,075 |
| Fixed Assets | 1,705 | 1,590 | 1,489 | 1,412 | 1,328 | 1,241 | 1,184 | 1,168 | 1,134 | 1,384 | 1,617 | 1,578 |
| CWIP | 112 | 115 | 121 | 119 | 78.86 | 97.94 | 102 | 51.97 | 68.96 | 116 | 129 | 294 |
| Investments | 81.18 | 81.19 | 79.14 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Other Assets | 2,073 | 2,013 | 1,714 | 1,703 | 1,792 | 1,636 | 1,715 | 1,746 | 1,751 | 1,849 | 2,138 | 2,203 |
| Inventories | 497 | 480 | 420 | 487 | 496 | 579 | 698 | 757 | 820 | 949 | 1,247 | 1,417 |
| Trade receivables | 762 | 731 | 487 | 399 | 394 | 284 | 244 | 156 | 229 | 242 | 430 | 330 |
| Cash & equivalents | 31.87 | 14.95 | 9.97 | 7.97 | 6.98 | 22.93 | 25.90 | 21.91 | 50.84 | 90.62 | 126 | 59.78 |
| Total Assets | 3,971 | 3,801 | 3,402 | 3,235 | 3,200 | 2,976 | 3,002 | 2,967 | 2,955 | 3,349 | 3,885 | 4,075 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −61.99 | −172 | −104 | 65.92 | 39.95 | 291 | 143 | 463 | 321 | 838 | 311 | 358 |
| Cash from investing activity | 31.90 | 3.99 | 24.91 | −11.96 | 6.98 | −36.88 | −39.88 | −124 | −119 | −397 | −351 | −241 |
| Cash from financing activity | 42.94 | 157 | 75.88 | −47.93 | −47.98 | −250 | −88.90 | −351 | −192 | −416 | 87.89 | −209 |
| Net cash flow | 12.97 | −10.96 | −1.99 | 4.98 | 0.00 | 3.99 | 14.95 | −11.97 | 9.97 | 23.92 | 46.83 | −92.76 |
| Capex | 7.02 | 15.06 | 0.00 | 32.09 | 0.00 | 37.14 | 42.15 | 127 | 92.35 | 382 | 359 | 249 |
| Free cash flow | −68.22 | −187 | −101 | 34.13 | 48.16 | 255 | 102 | 337 | 230 | 460 | −43.15 | 115 |
| CFO / OP % | 309.1% | 114.1% | 103.1% | −68.9% | 174.1% | 816.1% | 149.1% | 223.1% | 99.1% | 90.1% | 36.1% | 102.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 187 | 219 | 113 | 60 | 46 | 35 | 31 | 11 | 13 | 13 | 24 | 20 |
| Inventory days | 154 | 167 | 120 | 94 | 75 | 94 | 123 | 83 | 70 | 84 | 112 | 125 |
| Days payable | 276 | 269 | 161 | 123 | 102 | 112 | 132 | 90 | 76 | 77 | 64 | 73 |
| Cash conversion cycle | 66 | 118 | 72 | 32 | 20 | 17 | 23 | 6 | 7 | 21 | 73 | 74 |
| Working capital days | −136 | −240 | −750 | −503 | −211 | −345 | −378 | −218 | −25 | −5 | 17 | 22 |
| ROCE % | −4.0% | −9.0% | −8.0% | −8.0% | −2.0% | 0.0% | 1.0% | 9.0% | 18.0% | 62.0% | 36.0% | 10.0% |
For the Mar 2026 quarter, Jai Balaji Industries reported sales of ₹1,742 Cr, up 9.7% year on year and net profit of ₹21.09 Cr, down 72.0% year on year. The operating margin was 5.0%.
Jai Balaji Industries' sales for the year to Mar 2026 were ₹5,775 Cr; over the last twelve months they were ₹5,775 Cr.
Net profit for the year to Mar 2026 was ₹131 Cr, and ₹131 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.46.
Jai Balaji Industries reported borrowings of ₹419 Cr at Mar 2026, against cash and equivalents of ₹59.78 Cr.
Cash from operations was ₹358 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹115 Cr.