Jai Balaji Industries Ltd., a prominent entity in the Indian Iron and Steel sector, is a key player under the Jai Balaji Group, established in 1999 and headquartered in Kolkata, West Bengal. Renowned for its diverse portfolio, the company specializes in high-quality products such as TMT bars, pig iron, ferroalloys, ductile iron (DI) pipes, and reinforcement steel bars. Its extensive manufacturing footprint spans eight integrated steel plants across strategic locations in West Bengal, Chhattisgarh, Orissa, and Jharkhand, boasting an impressive combined production capacity exceeding 27,40,000 tonnes annually. Jai Balaji Industries stands out as one of the largest private-sector manufacturers of DI pipes in Eastern India and produces a range of ferroalloys, including high-carbon and low-carbon ferro chrome, catering to industrial and construction demands. The company’s commitment to excellence and innovation has solidified its reputation as a leading supplier in the Indian steel market.
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters + | 60.02% | 60.02% | 60.80% | 63.85% | 64.84% |
FIIs + | 0.67% | 2.57% | 3.05% | 2.92% | 3.00% |
DIIs + | 0.00% | 0.00% | 0.07% | 0.08% | 0.09% |
Public + | 39.30% | 37.40% | 36.07% | 33.15% | 32.05% |
No. of Shareholders | 16,800 | 18,189 | 21,499 | 27,412 | 25,117 |
The shareholding pattern of Jai Balaji Industries has shown notable shifts between September 2023 and September 2024. Promoters have consistently increased their stake, rising from 60.02% in September 2023 to 64.84% by September 2024, reflecting strong confidence in the company’s prospects. FIIs (Foreign Institutional Investors) have also demonstrated interest, with their holdings growing from 0.67% to 3.00% over the same period. DIIs (Domestic Institutional Investors) have maintained a steady, albeit minor, presence, slightly increasing their share from 0.00% to 0.09%. Conversely, the public shareholding has declined from 39.30% to 32.05%, indicating a gradual consolidation among major stakeholders. The number of shareholders saw fluctuations, peaking at 27,412 in June 2024 before settling at 25,117 in September 2024, signaling evolving investor dynamics in Jai Balaji Industries.
Latest News on Jai Balaji Industries
Jai Balaji Industries Ltd. has announced a significant development with a 1:5 stock split, set to take effect on January 17, 2025. This move entails that shareholders on record as of this date will receive 5 equity shares of ₹2 each for every equity share of ₹10 currently held. The stock split aims to enhance liquidity, make the shares more affordable to a broader investor base, and potentially increase market participation. This strategic decision reflects the company’s commitment to improving shareholder value and accessibility in the stock market.
Below are the trading platforms that you can use to purchase Jai Balaji Industries shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | 180.39 | 138.76 |
February 2025 | 182.21 | 140.16 |
March 2025 | 186.04 | 143.11 |
April 2025 | 184.20 | 141.69 |
May 2025 | 178.83 | 137.56 |
June 2025 | 186.88 | 143.75 |
July 2025 | 183.21 | 140.93 |
August 2025 | 188.88 | 145.29 |
September 2025 | 191.15 | 147.04 |
October 2025 | 196.12 | 150.86 |
November 2025 | 201.02 | 154.63 |
December 2025 | 210.07 | 161.59 |
In 2025, Jai Balaji Industries is expected to exhibit promising stock price trends. In January, the maximum price is projected to reach ₹180.39, with a minimum of ₹138.76. Moving through the months, the prices are anticipated to rise steadily, culminating in December, where the maximum price is expected to reach ₹210.07, and the minimum price may stand at ₹161.59. This reflects a positive trajectory for Jai Balaji Industries throughout the year.
When | Maximum Price | Minimum Price |
January 2026 | 216.37 | 166.44 |
February 2026 | 210.96 | 162.28 |
March 2026 | 215.18 | 165.52 |
April 2026 | 219.57 | 168.90 |
May 2026 | 217.39 | 167.23 |
June 2026 | 222.83 | 171.41 |
July 2026 | 218.46 | 168.05 |
August 2026 | 225.22 | 173.24 |
September 2026 | 229.72 | 176.71 |
October 2026 | 235.69 | 181.30 |
November 2026 | 241.59 | 185.84 |
December 2026 | 247.63 | 190.48 |
As we go ahead into 2026, Jai Balaji Industries is expected to maintain a strong upward trajectory in its stock prices. In January, the maximum price is projected to reach ₹216.37, with a minimum of ₹166.44. By December, the stock is anticipated to rise further, with the maximum price expected to touch ₹247.63 and the minimum price projected at ₹190.48.
When | Maximum Price | Minimum Price |
January 2027 | 250.10 | 192.39 |
February 2027 | 256.52 | 197.32 |
March 2027 | 266.52 | 205.01 |
April 2027 | 261.29 | 200.99 |
May 2027 | 253.68 | 195.14 |
June 2027 | 265.10 | 203.92 |
July 2027 | 259.90 | 199.92 |
August 2027 | 267.94 | 206.11 |
September 2027 | 277.32 | 213.32 |
October 2027 | 284.53 | 218.87 |
November 2027 | 291.64 | 224.34 |
December 2027 | 298.93 | 229.95 |
When | Maximum Price | Minimum Price |
January 2028 | 304.91 | 234.55 |
February 2028 | 312.73 | 240.56 |
March 2028 | 324.92 | 249.94 |
April 2028 | 318.55 | 245.04 |
May 2028 | 309.27 | 237.90 |
June 2028 | 323.19 | 248.61 |
July 2028 | 316.86 | 243.73 |
August 2028 | 326.65 | 251.27 |
September 2028 | 338.09 | 260.07 |
October 2028 | 346.88 | 266.83 |
November 2028 | 355.55 | 273.50 |
December 2028 | 364.44 | 280.34 |
When | Maximum Price | Minimum Price |
January 2029 | 371.73 | 285.94 |
February 2029 | 381.26 | 293.28 |
March 2029 | 396.13 | 304.71 |
April 2029 | 388.36 | 298.74 |
May 2029 | 377.05 | 290.04 |
June 2029 | 394.02 | 303.09 |
July 2029 | 386.29 | 297.15 |
August 2029 | 398.24 | 306.34 |
September 2029 | 412.18 | 317.06 |
October 2029 | 422.89 | 325.30 |
November 2029 | 433.47 | 333.43 |
December 2029 | 444.30 | 341.77 |
When | Maximum Price | Minimum Price |
January 2030 | 453.19 | 348.61 |
February 2030 | 464.81 | 357.54 |
March 2030 | 482.94 | 371.49 |
April 2030 | 473.47 | 364.20 |
May 2030 | 459.68 | 353.60 |
June 2030 | 480.36 | 369.51 |
July 2030 | 470.94 | 362.26 |
August 2030 | 485.51 | 373.47 |
September 2030 | 502.50 | 386.54 |
October 2030 | 515.57 | 396.59 |
November 2030 | 528.45 | 406.50 |
December 2030 | 541.67 | 416.67 |
As we move through 2030, Jai Balaji Industries is expected to demonstrate remarkable growth in its stock performance. In January, the maximum price is projected to reach ₹453.19, with a minimum of ₹348.61. By December, the stock price is anticipated to climb further, with the maximum expected to touch ₹541.67 and the minimum projected at ₹416.67.
Financial Condition of Jai Balaji Industries
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 2,912 | 2,785 | 4,692 | 6,125 | 6,414 | 6,659 |
Expenses + | 2,876 | 2,689 | 4,484 | 5,795 | 5,485 | 5,628 |
Operating Profit | 36 | 96 | 209 | 330 | 929 | 1,032 |
OPM % | 1% | 3% | 4% | 5% | 14% | 15% |
Other Income + | 49 | 10 | 29 | -38 | 193 | 211 |
Interest | 103 | 88 | 99 | 89 | 73 | 63 |
Depreciation | 97 | 94 | 91 | 98 | 86 | 88 |
Profit before tax | -114 | -76 | 48 | 105 | 963 | 1,091 |
Tax % | 0% | 0% | 0% | 45% | 9% | |
Net Profit + | -114 | -76 | 48 | 58 | 880 | 870 |
EPS in Rs | -2.07 | -1.37 | 0.87 | 0.79 | 10.75 | 10.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The company’s sales have grown steadily, from ₹2,912 crore in March 2020 to an impressive ₹6,659 crore in TTM 2024. Correspondingly, operating profits surged dramatically, rising from ₹36 crore in 2020 to ₹1,032 crore in TTM 2024, with the Operating Profit Margin (OPM) improving from 1% to 15%. These gains highlight Jai Balaji Industries enhanced operational efficiency.
Other income, which showed volatility over the years, contributed positively in TTM 2024 with ₹211 crore. Interest and depreciation expenses have declined, showcasing improved cost management. Profit before tax (PBT) has surged from a loss of ₹114 crore in 2020 to ₹1,091 crore in TTM 2024. Net profit followed a similar trajectory, climbing from a loss of ₹114 crore in 2020 to ₹870 crore in TTM 2024, reflecting strong financial recovery.
The Earnings Per Share (EPS) also improved significantly, increasing from a negative ₹2.07 in 2020 to ₹10.29 in TTM 2024. Despite the financial gains, the company has maintained a dividend payout of 0%, likely focusing on reinvestment and growth
FAQS
As of January 17th, 2025, the share price of Jai Balaji Industries is around INR ₹168.
As per our analysis, Jai Balaji Industries in 2025 is expected to trade between ₹137.56 to ₹210.07.
As per our analysis, Jai Balaji Industries share price target for 2030 would be somewhere between ₹348.61 and ₹541.67.
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Conclusion
Jai Balaji Industries Ltd. has demonstrated remarkable financial growth and strategic progress, positioning itself as a key player in the Indian iron and steel sector. With a robust increase in sales from ₹2,912 crore in 2020 to ₹6,659 crore in TTM 2024 and a significant improvement in operating profit margins from 1% to 15%, the company reflects strong operational efficiency and financial resilience. Net profit has surged to ₹870 crore in TTM 2024, accompanied by an EPS growth to ₹10.29, underscoring solid shareholder value creation. The recently announced 1:5 stock split, effective January 17, 2025, aims to enhance liquidity and attract broader market participation, further solidifying its market presence. These positive developments, combined with an upward trajectory in share price predictions, highlight Jai Balaji Industries’ potential for sustained growth and continued leadership in the steel industry.
What did we learn?
- 1 Shareholdings Patterns of Jai Balaji Industries
- 2 Latest News on Jai Balaji Industries
- 3 How to purchase Jai Balaji Industries shares?
- 4 Jai Balaji Industries Share Price Prediction: 2025, 2026 to 2030
- 4.1 Jai Balaji Industries Share Price Target 2025
- 4.2 Jai Balaji Industries Share Price Prediction 2026
- 4.3 Jai Balaji Industries Share Price Target 2027
- 4.4 Jai Balaji Industries Share Price Prediction 2028
- 4.5 Jai Balaji Industries Share Price Target 2029
- 4.6 Jai Balaji Industries Share Price Prediction 2030
- 5 Financial Condition of Jai Balaji Industries
- 6 FAQS
- 7 Conclusion