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Employees: 9,235
Size Jai Balaji Industries (JAIBALAJI.NS) is an India Materials company (Steel) with a market value of $651M, the 748th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹67.29 on 6 Nov 2026.
Performance Over six months the shares fell 20.1%, against -13.7% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +1.7%); the operating margin is 4.0% (peer median 4.2%).
Valuation It trades at 6.3× forward earnings against a peer median of 15.4× (2nd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +20 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.9 points below its cost of capital (17.0% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹61.1B | ₹57.8B | ₹63.5B | ₹64.1B | ₹61.2B |
| Revenue growth | — | -9% | -1% | +5% | — |
| Gross profit | ₹14.0B | ₹4.75B | ₹11.0B | ₹11.3B | ₹7.75B |
| EBITDA | ₹3.70B | ₹3.59B | ₹8.74B | ₹9.26B | ₹3.37B |
| Net income | ₹1.45B | ₹1.30B | ₹5.58B | ₹8.80B | ₹578M |
| Free cash flow | n/a | ₹600M | -₹980M | ₹3.71B | ₹1.47B |
| Capital expenditure | n/a | ₹2.48B | ₹3.58B | ₹3.81B | ₹924M |
| Total debt | n/a | ₹4.17B | ₹5.59B | ₹4.73B | ₹8.60B |
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| Measure | JAIBALAJI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.1% | -9.5% | 7th highest of 21 |
| 6-month return | -20.1% | -13.7% | 6th lowest of 21 |
| Distance from 52-week high | -30.4% | -29.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +2.0% | +1.7% | 11th highest of 21 |
| Operating margin | 4.0% | 4.2% | 11th highest of 21 |
| Forward P/E | 6.3× | 15.4× | 2nd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 35.8% | 10.4% | most demanding of 12 |
| Growth delivered (Del g) | +15.7% | +7.4% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | +20.0 pp | +2.2 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -8.9 pp | -4.8 pp | 5th lowest of 21 |
| EV / EBITDA | 16.6× | 11.6× | 2nd most expensive of 11 |
| Net debt / EBITDA | 1.0× | 1.0× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jai Balaji Industries JAIBALAJI.NS | India | $651M | -20% | +2% | 4% | 6.3× | 35.8% | +15.7% |
| Chung Hung Steel 2014.TW | Taiwan | $636M | -16% | -17% | -1% | 54.3× | -10.1% | -12.4% |
| Kirloskar Ferrous Industries KIRLFER.NS | India | $674M | -15% | +7% | 8% | 9.1× | 14.2% | +27.6% |
| Metallus MTUS | United States | $687M | -10% | +11% | 1% | 15.3× | n/a | n/a |
| SBHC 001430.KS | South Korea | $712M | -64% | +11% | 3% | 14.2× | n/a | n/a |
| Yieh United Steel 9957.TWO | Taiwan | $581M | -18% | -10% | -12% | n/a | n/a | n/a |
| Sunflag Iron & Steel SUNFLAG.NS | India | $730M | -7% | +9% | 9% | n/a | 23.4% | +15.7% |
| Shandong Jinling Mining 000655.SZ | China | $578M | -22% | +11% | 3% | 15.4× | 23.3% | +3.1% |
| Guangdong Zhongnan Iron & Steel 000717.SZ | China | $734M | -19% | -12% | -5% | n/a | n/a | n/a |
| Kurimoto,Ltd 5602.T | Japan | $576M | -4% | +3% | 7% | 10.5× | 2.1% | +1.9% |
| Goodluck India GOODLUCK.NS | India | $571M | +15% | +10% | 8% | 24.5× | n/a | n/a |
| Silvery Dragon Group Co., Ltd Tianjin 603969.SS | China | $790M | -33% | -1% | 15% | 9.5× | -3.5% | +4.7% |
| Champion Iron CIA.AX | Australia | $799M | -60% | -7% | 7% | 11.5× | 10.4% | +7.4% |
| Yieh Phui Enterprise 2023.TW | Taiwan | $804M | +5% | -9% | 0% | 25.2× | n/a | n/a |
| Xinjiang Ba Yi Iron & Steel 600581.SS | China | $526M | -19% | 0% | -8% | 5.9× | n/a | n/a |
| Maharashtra Seamless MAHSEAMLES.NS | India | $809M | -12% | -12% | 13% | 15.5× | 8.1% | +15.2% |
| Anyang Iron and Steel 600569.SS | China | $810M | -10% | +1% | -10% | n/a | n/a | n/a |
| Hangxiao Steel Structure 600477.SS | China | $810M | -24% | -24% | 3% | 28.6× | 11.6% | -2.5% |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 25.4× | 31.6% | +23.0% |
| Zhejiang Tiantai Xianghe Industrial 603500.SS | China | $515M | -3% | +22% | 20% | n/a | 8.2% | +25.0% |
| Sambhv Steel Tubes SAMBHV.NS | India | $510M | +27% | +42% | 10% | 24.2× | n/a | n/a |