back to top
HomeSHARE MARKETThis Hidden Metal Stock Made Investors Rich In One Year, Huge Profit...

This Hidden Metal Stock Made Investors Rich In One Year, Huge Profit Of 2000%

Hot Stocks Alert Join

Jai Balaji Industries Ltd. (NSE: JAIBALAJI): Stocks on the stock market can be multibaggers. To get a multibagger return, you must enter the market when the time is right. Jai Balaji Industries is been a multibagger stock for its investors over the past year.

Jai Balaji Industries Ltd shares of this metal stock in the “Small Cap” category have returned multibagger returns of over 2417 percent in just a year. 

Shares of the company have increased by 15 percent over the last five sessions.

Jai Balaji Industries Limited manufactures iron and steel. The company produces many products, including pig iron and TMT bars, as well as ferrochrome and sponge iron. 

The company has operations in India and outside of India.

Jai Balaji Industries’ market capitalization is Rs 20,457.41 crore. On Wednesday, the shares of Jai Balaji Industries was trading at Rs 1241.00.

According to data from the stock exchange the company has returned 2460 percent within a year. It went from Rs 49.65 on February 2023 to its current price.

If someone invested Rs 1 lakh a year earlier in the stock of a company, this investment would now be worth approximately Rs 25.60 lakh.

The fundamental business metrics such as operating income and profit after taxes are moving in the opposite direction.

The revenue decreased marginally, from Rs 1547 crore during Q2FY24 to Rs 1539 crore during Q3FY24, while the profit increased, from Rs 202 to Rs 235.

The company announced that it would spend Rs 1000 crore on capital expenditures (capex), of which Rs 4000 crore was allocated to “specialized products” which are expected to be operational in FY2025. 

Among other products, there is an outlay of Rs 250 crore for redesigning the existing blast furnace, which is expected to be completed by the next financial year.

About Jai Balaji Industries Ltd

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 ferro-alloys, 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₹ 20,047 Cr.
Current Price₹ 1,241
52-wk High₹ 1,299
52-wk Low42.10
Stock P/E35.86
Book Value₹ 61.5
Dividend0.00 %
ROCE18.3 %
ROE
Face Value₹ 10.0
P/B Value20.3
OPM11.6 %
EPS₹ 37.2
Debt₹ 660 Cr.
Debt to Equity0.67

Jai Balaji Industries 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
Hot Stocks Alert Join

Jai Balaji Industries Ltd Shareholding Pattern

Promoters Holding
Dec 202255.90%
Mar 202255.90%
June 202358.73%
Sept 202360.02%
Dec  202360.02%
FII Holding
Dec 20220.00%
Mar 20220.00%
June 20230.09%
Sept 20230.67%
Dec  20232.57%
DII Holding
Dec 20220.00%
Mar 20220.00%
June 20230.05%
Sept 20230.00%
Dec  20230.00%
Hot Stocks Alert Join
Public Holding
Dec 202244.09%
Mar 202244.09%
June 202341.12%
Sept 202339.30%
Dec 202337.40%

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

To gain a better understanding of 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
Hot Stocks Alert Join

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.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here