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HomeSHARE MARKET1953% Massive Return In Just One Year; Steel Industry Share Was Only...

1953% Massive Return In Just One Year; Steel Industry Share Was Only Rs 45; Know Target Price

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Jai Balaji Industries Ltd (NSE – BE: JAIBALAJI): Shares of a small company Jai Balaji Industries have given tremendous returns in the last year. Shares of Jai Balaji Industries have increased from Rs 45 to Rs 900 in the last year. 

There has been a huge jump of 1953% in the price of this small share in the last year. The 52-week high level of Jai Balaji Industries shares is Rs 1307. 

In the same way, the 52-week low of shares in the company is 42 rupees. The company’s business is related to the iron and steel industry.

Made Rs 1 Lakh Into 20 Lakhs In Just 1 Year

Shares of Jai Balaji Industries was at Rs 44.95 on March 24, 2023. Shares of the smallcap company reached Rs 922.95 on March 20, 2024. 

If a person had invested Rs 1 lakh in the shares of Jai Balaji Industries on March 24, 2023, and had maintained his investment, then the current value of the company’s shares would have been around Rs 20.53 lakh. 

The shares of the company have grown to more than 125% over the past six months. In the last 6 months, shares of Jai Balaji Industries have increased from Rs 409.50 to Rs 922.95.

Share Prices Have Risen 5500% In 4 Years

The shares of Jai Balaji Industries have risen 5563% in just four years. Shares of the company associated with the iron and steel industry were at Rs 16.30 on March 27, 2020. 

The company’s shares have reached Rs 922.95 on March 20, 2024. In the last 3 years, shares of Jai Balaji Industries have increased by a tremendous 2397%. During this period, the company’s shares have increased from Rs 36.95 to Rs 922.95.

About Jai Balaji Industries Ltd Company 

The actual capabilities of the Company’s production comprise approximately 4,45,000 tonnes annually from direct reduced iron (DRI) over 509,250 tonnes per year of pig iron, approximately 106,000 tonnes per year of ferroalloys, and more than 10,20,430 tonnes per year of alloys as well as MS billets.

Jai Balaji Industries Limited primarily sells and manufactures steel and iron items within India.

The company manufactures Sponge Iron, Pig Iron, TMT Bar, Ductile Iron Pipe, DRI, Ferro Chrome,  Coke, Steel Bar/Rod Sinter, Ornamental Steel Grille, Portland Slag Cement, Ferro Alloys, Alloy Carbon and Mild Steel Rounds and Billets.

It sells TMT bars (Thermo Mechanically Treated Bar) under the Balaji Shakti brand.

The company also ships its merchandise internationally. Jai Balaji Industries Limited was established in 1999 and has its headquarters in Kolkata, India.

Fundamental Analysis of Jai Balaji Industries Ltd

Market Cap₹ 14,568 Cr.
Current Price₹ 907.10
52-wk High₹ 1,314
52-wk Low42.0
Stock P/E24.6
Book Value₹ 61.5
Dividend0.00 %
ROCE18.3 %
ROE
Face Value₹ 10.0
P/B Value14.8
OPM11.6 %
EPS₹ 37.2
Debt₹ 660 Cr.
Debt to Equity0.67

Jai Balaji Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1030₹ 1332
2025₹ 1356₹ 1437
2026₹ 1565₹ 1697
2027₹ 1876₹ 1900
2028₹ 2000₹ 2134;
2029₹ 2233₹ 2354
2030₹ 2457₹ 2765
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Jai Balaji Industries Ltd Shareholding Pattern

Promoters Holding
Mar 202255.90%
June 202358.73%
Sept 202360.02%
Dec  202360.02%
Mar 202460.80%
FII Holding
Mar 20220.00%
June 20230.09%
Sept 20230.67%
Dec  20232.57%
Mar 20243.29%
DII Holding
Mar 20220.00%
June 20230.05%
Sept 20230.00%
Dec  20230.00%
Mar 20240.00%
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Public Holding
Mar 202244.09%
June 202341.12%
Sept 202339.30%
Dec 202337.40%
Mar 202435.91%

Jai Balaji Industries Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 3,077 Cr
2020₹ 2,912 Cr
2021₹ 2,785 Cr
2022₹ 4,692 Cr
2023₹ 6,292 Cr

Last 5 Years’ Net Profit:

2019₹ -154 Cr
2020₹ -114 Cr
2021₹ -76 Cr
2022₹ 48 Cr
2023₹ 594 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

2019-2.3
2020-2.09
2021-1.98
2022-1.91
20231.55

Last 10 Years’ Profit Growth:

10 Years:10%
5 Years:21%
3 Years:48%
Current Year:666%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:
Last Year:

Sales Growth Over 10 Years:

10 Years:15%
5 Years:21%
3 Years:28%
Current Year:10%

Conclusion

This article is a complete guide about Jai Balaji Industries Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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