Announcement • May 25
Jai Balaji Industries Limited to Report Q4, 2026 Results on May 30, 2026 Jai Balaji Industries Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 30, 2026 New Risk • May 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹72.59, the stock trades at a trailing P/E ratio of 35.9x. Average forward P/E is 18x in the Metals and Mining industry in India. Total returns to shareholders of 599% over the past three years. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). New Risk • Feb 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.13 (vs ₹1.32 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.13 (down from ₹1.32 in 3Q 2025). Revenue: ₹13.4b (down 10% from 3Q 2025). Net income: ₹115.5m (down 90% from 3Q 2025). Profit margin: 0.9% (down from 8.1% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Jai Balaji Industries Limited to Report Q3, 2026 Results on Feb 12, 2026 Jai Balaji Industries Limited announced that they will report Q3, 2026 results on Feb 12, 2026 New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹69.51, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 738% over the past three years. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.29 (vs ₹1.68 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.29 (down from ₹1.68 in 2Q 2025). Revenue: ₹13.7b (down 12% from 2Q 2025). Net income: ₹264.8m (down 83% from 2Q 2025). Profit margin: 1.9% (down from 9.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 118% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 08
Jai Balaji Industries Limited to Report Q2, 2026 Results on Nov 14, 2025 Jai Balaji Industries Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 19
Jai Balaji Industries Limited Approves Appointment of Parthasarathi Mukhopadhyay as Non-Executive Independent Director, Effective August 8, 2025 Jai Balaji Industries Limited announced at annual general meeting held on September 18, 2025, the shareholders approved appointment of Shri. Parthasarathi Mukhopadhyay (DIN: 01968529) as a N on-Executive Independent Director of the company for a period of 2 years with effect from August 8, 2025 till August 7, 2027. Announcement • Aug 25
Jai Balaji Industries Limited, Annual General Meeting, Sep 18, 2025 Jai Balaji Industries Limited, Annual General Meeting, Sep 18, 2025, at 12:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: ₹0.77 (vs ₹2.42 in 1Q 2025) First quarter 2026 results: EPS: ₹0.77 (down from ₹2.42 in 1Q 2025). Revenue: ₹13.7b (down 20% from 1Q 2025). Net income: ₹705.5m (down 66% from 1Q 2025). Profit margin: 5.1% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Jai Balaji Industries Limited to Report Q1, 2026 Results on Aug 08, 2025 Jai Balaji Industries Limited announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • Jun 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹131, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 1,590% over the past three years. Reported Earnings • May 13
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹6.25 (down from ₹11.18 in FY 2024). Revenue: ₹64.2b (flat on FY 2024). Net income: ₹5.58b (down 37% from FY 2024). Profit margin: 8.7% (down from 14% in FY 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
Jai Balaji Industries Limited to Report Q4, 2025 Results on May 12, 2025 Jai Balaji Industries Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 12, 2025 Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Executive Independent Director Rajendra Ritolia was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 17
Jai Balaji Industries Limited Announces Directorate Changes Jai Balaji Industries Limited announced Cessation of Mrs. Rakhi Bajoria and Mrs. Seema Chowdhury as Independent Directors of the Company upon completion of their second consecutive terms of 5 years at the closure of business hours on 16th April, 2025. The Board of Directors and Management of the Company placed on record their sincere appreciation for the services rendered by Mrs. Rakhi Bajoria and Mrs. Seema Chowdhury. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹152, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 1,447% over the past three years. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 12
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹1.32 (down from ₹2.94 in 3Q 2024). Revenue: ₹14.9b (down 3.4% from 3Q 2024). Net income: ₹1.20b (down 49% from 3Q 2024). Profit margin: 8.1% (down from 15% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹155, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 1,403% over the past three years. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹8.42 (vs ₹12.79 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.42 (down from ₹12.79 in 2Q 2024). Revenue: ₹15.8b (up 2.1% from 2Q 2024). Net income: ₹1.53b (down 24% from 2Q 2024). Profit margin: 9.7% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,048, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 26x in the Metals and Mining industry in India. Total returns to shareholders of 1,788% over the past three years. Reported Earnings • Jul 30
First quarter 2025 earnings released: EPS: ₹12.10 (vs ₹11.34 in 1Q 2024) First quarter 2025 results: EPS: ₹12.10. Revenue: ₹171.8m (down 99% from 1Q 2024). Net income: ₹20.9m (down 99% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Announcement • Jul 30
Jai Balaji Industries Limited, Annual General Meeting, Sep 13, 2024 Jai Balaji Industries Limited, Annual General Meeting, Sep 13, 2024. Announcement • Jul 12
Jai Balaji Industries Limited announced that it expects to receive INR 225 million in funding from Shri Mahatejas Vinimay Private Limited Jai Balaji Industries Limited announced a private placement to issue 5,000,000 common shares at an issue price of INR 45 per warrant for the gross proceeds of INR 225,000,000 on July 11, 2024. The transaction will include participation from returning investor Mahatejas Vinimay Private Limited for 5.64% stake for 10,000,000 shares and post issuance the investor will hold 15,000,000 shares for 8.22% stake. The transaction has been approved by shareholders of company. Announcement • Jun 08
Jai Balaji Industries Limited Announces Resignation of Alok Pandey as Associate Vice President-HR & Administration Jai Balaji Industries Limited announced that, Mr. Alok Pandey, Associate Vice President-HR & Administration, of the Company, has tendered his resignation with effect from close of business hours of June 1, 2024 on account of personal reasons. The Company has accepted his resignation. Reason for change: due to his personal reasons. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: ₹55.80 (vs ₹4.49 in FY 2023) Full year 2024 results: EPS: ₹55.80 (up from ₹4.49 in FY 2023). Revenue: ₹66.3b (up 8.2% from FY 2023). Net income: ₹8.80b (up ₹8.22b from FY 2023). Profit margin: 13% (up from 0.9% in FY 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has increased by 170% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Jai Balaji Industries Limited to Report Q4, 2024 Results on Apr 25, 2024 Jai Balaji Industries Limited announced that they will report Q4, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,071, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 2,759% over the past three years. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹990, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 22x in the Metals and Mining industry in India. Total returns to shareholders of 2,732% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,087, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 24x in the Metals and Mining industry in India. Total returns to shareholders of 3,830% over the past three years. Reported Earnings • Jan 17
Third quarter 2024 earnings released: EPS: ₹14.72 (vs ₹2.03 in 3Q 2023) Third quarter 2024 results: EPS: ₹14.72 (up from ₹2.03 in 3Q 2023). Revenue: ₹15.6b (up 1.7% from 3Q 2023). Net income: ₹2.35b (up ₹2.07b from 3Q 2023). Profit margin: 15% (up from 1.8% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has increased by 242% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 09
Jai Balaji Industries Limited to Report Q3, 2024 Results on Jan 15, 2024 Jai Balaji Industries Limited announced that they will report Q3, 2024 results on Jan 15, 2024 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹896, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 4,367% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹754, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 23x in the Metals and Mining industry in India. Total returns to shareholders of 4,006% over the past three years. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (62% net debt to equity). Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Oct 18
Second quarter 2024 earnings released: EPS: ₹12.79 (vs ₹1.74 in 2Q 2023) Second quarter 2024 results: EPS: ₹12.79 (up from ₹1.74 in 2Q 2023). Revenue: ₹15.7b (up 15% from 2Q 2023). Net income: ₹2.02b (up ₹1.80b from 2Q 2023). Profit margin: 13% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 244% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 10
Jai Balaji Industries Limited to Report Q2, 2024 Results on Oct 16, 2023 Jai Balaji Industries Limited announced that they will report Q2, 2024 results on Oct 16, 2023 Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Additional Independent Director Mamata Jain was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹436, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 19x in the Metals and Mining industry in India. Total returns to shareholders of 2,511% over the past three years. Announcement • Aug 15
Jai Balaji Industries Limited, Annual General Meeting, Sep 21, 2023 Jai Balaji Industries Limited, Annual General Meeting, Sep 21, 2023. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹11.34 (vs ₹1.98 in 1Q 2023) First quarter 2024 results: EPS: ₹11.34 (up from ₹1.98 in 1Q 2023). Revenue: ₹14.9b (flat on 1Q 2023). Net income: ₹1.70b (up ₹1.49b from 1Q 2023). Profit margin: 11% (up from 1.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Jai Balaji Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Jai Balaji Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹89.23, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 306% over the past three years. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹4.49 (vs ₹4.35 in FY 2022) Full year 2023 results: EPS: ₹4.49 (up from ₹4.35 in FY 2022). Revenue: ₹61.6b (up 33% from FY 2022). Net income: ₹578.3m (up 20% from FY 2022). Profit margin: 0.9% (down from 1.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to ₹80.42, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹57.53, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 15x in the Metals and Mining industry in India. Total returns to shareholders of 158% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹2.03 (vs ₹1.08 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.03 (up from ₹1.08 in 3Q 2022). Revenue: ₹15.4b (up 20% from 3Q 2022). Net income: ₹279.1m (up 135% from 3Q 2022). Profit margin: 1.8% (up from 0.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Dec 16
Jai Balaji Industries Limited announced that it expects to receive INR 990 million in funding from Hariaksh Industries Private Limited, Shri Mahatejas Vinimay Private Limited, Shri Keshrinandan Trade Private Limited Jai Balaji Industries Limited announced a private placement of 22,000,000 pre-paid warrants at a price of INR 45 per warrant for gross proceeds of INR 990,000,000 on December 15, 2022. The transaction will include participation from returning investors Hariaksh Industries Private Limited, Shri Mahatejas Vinimay Private Limited and Shri Keshrinandan Trade Private Limited. Hariaksh Industries Private Limited will hold 17.539% in the company post closing of the transaction, Shri Mahatejas Vinimay Private Limited will hold 8.221%, Shri Keshrinandan Trade Private Limited will hold 8.221%. each warrant holder has the right s to apply for and be allotted one equity share of the face value of INR 10 each of the company at a premium of INR 35 per equity share for each warrant within a period of 18 months from the date of allotment of the warrant. The transaction was approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 17% share price gain to ₹48.35, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 112% over the past three years. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹1.74 (vs ₹0.64 in 2Q 2022) Second quarter 2023 results: EPS: ₹1.74 (up from ₹0.64 in 2Q 2022). Revenue: ₹13.7b (up 31% from 2Q 2022). Net income: ₹211.8m (up 200% from 2Q 2022). Profit margin: 1.5% (up from 0.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Executive Director Bimal Choudhary was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 28
Jai Balaji Industries Limited Announces Executive Changes Jai Balaji Industries Limited approves Appointment of Shri Rajiv Jajodia (DIN: 00045192) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2022 and Appointment of Shri Gaurav Jajodia (DIN: 00028560) as the Whole-time director of the company for a period of 3 years w.e.f 1st September, 2022. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹1.98 (vs ₹2.04 in 1Q 2022) First quarter 2023 results: EPS: ₹1.98 (down from ₹2.04 in 1Q 2022). Revenue: ₹15.0b (up 53% from 1Q 2022). Net income: ₹218.2m (down 3.0% from 1Q 2022). Profit margin: 1.5% (down from 2.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Jai Balaji Industries Limited to Report Q1, 2023 Results on Aug 13, 2022 Jai Balaji Industries Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • May 29
Full year 2022 earnings released Full year 2022 results: Revenue: ₹46.7b (up 68% from FY 2021). Net income: ₹480.6m (up ₹1.24b from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Jai Balaji Industries Limited to Report Fiscal Year 2022 Results on May 27, 2022 Jai Balaji Industries Limited announced that they will report fiscal year 2022 results on May 27, 2022 Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Executive Director Bimal Choudhary was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Jai Balaji Industries Limited announced that it expects to receive INR 650 million in funding from Hariaksh Industries Private Limited, Shri Mahatejas Vinimay Private Limited, Shri Keshrinandan Trade Private Limited, Mahananda Securities Limited Jai Balaji Industries Limited announced a private placement of 50,000,000 warrants at an issue price of INR 13 each for gross proceeds of INR 650 million on April 21, 2022. The transaction will include participation from new promoters Hariaksh Industries Private Limited for 20,000,000 warrants and for 12.47% shareholding, Shri Mahatejas Vinimay Private Limited for 10,000,000 warrants and for 6.23% shareholding, Shri Keshrinandan Trade Private Limited for 10,000,000 warrants and for 6.23% shareholding and Mahananda Securities Limited for 10,000,000 warrants and for 6.23% shareholding. Each single warrant is convertible into equity share of the company, an amount equivalent to at-least 25% of the issue price shall be payable at the time of subscription and allotment of each convertible warrant and the balance 75% shall be payable at the time of exercise of such convertible warrant. The warrants issued would expire in 18 months from the date of issue. All the securities will be issued on preferential allotment basis. The transaction has been approved by the board of directors of the company and subject to approval from the shareholders of the company. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 26% share price gain to ₹54.95, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹42.10, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 163% over the past three years. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹1.08 (down from ₹1.25 in 3Q 2021). Revenue: ₹12.8b (up 61% from 3Q 2021). Net income: ₹118.9m (down 14% from 3Q 2021). Profit margin: 0.9% (down from 1.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
Jai Balaji Industries Limited to Report Q3, 2022 Results on Feb 11, 2022 Jai Balaji Industries Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹47.40, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 168% over the past three years. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Executive Director Bimal Choudhary was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 21
Second quarter 2022 earnings released: EPS ₹0.64 (vs ₹2.04 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹10.5b (up 54% from 2Q 2021). Net income: ₹70.5m (up ₹295.3m from 2Q 2021). Profit margin: 0.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹2.04 (vs ₹7.85 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹9.79b (up 210% from 1Q 2021). Net income: ₹225.0m (up ₹1.09b from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Jul 03
Full year 2021 earnings released: ₹6.86 loss per share (vs ₹11.07 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: ₹27.9b (down 4.4% from FY 2020). Net loss: ₹758.2m (loss narrowed 34% from FY 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: ₹28.35 The company is up 44% from its price of ₹19.64 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 36% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹1.25 (vs ₹1.85 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹7.98b (up 12% from 3Q 2020). Net income: ₹137.6m (up ₹324.1m from 3Q 2020). Profit margin: 1.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Is New 90 Day High Low • Jan 15
New 90-day high: ₹22.45 The company is up 41% from its price of ₹15.95 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 48% over the same period. Reported Earnings • Dec 03
Second quarter 2021 earnings released: ₹2.04 loss per share The company reported a solid second quarter result with reduced losses and improved revenues and control over expenses. Second quarter 2021 results: Revenue: ₹6.80b (up 5.2% from 2Q 2020). Net loss: ₹224.8m (loss narrowed 29% from 2Q 2020). Is New 90 Day High Low • Dec 01
New 90-day high: ₹21.60 The company is up 13% from its price of ₹19.05 on 02 September 2020. The Indian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: ₹15.25 The company is down 31% from its price of ₹22.00 on 15 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. 
