# Jai Balaji Industries share price today (Jai Balaji Industries Ltd, NSE: JAIBALAJI)

> Jai Balaji Industries share price today: ₹69.70 at the NSE close on 3 November 2026, down 26.2% in a year. Jai Balaji Industries (NSE: JAIBALAJI) is worth ₹6,361 crore, trades at a P/E of 43.5 and has closed between ₹56.18 and ₹88.86 over the past 52 weeks. > Jai Balaji Industries Ltd's share price has risen faster than its earnings: −26.2% in a year, against −76.8% for earnings per share. JAIBALAJI · DI Pipes/Saw Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/jai-balaji-industries-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹69.70 (−26.2% in a year)
- P/E: 43.5× (higher than 95% of the last 5.2 years)
- Revenue (Jun 2026): ₹1,683 Cr (+24.0% on a year ago)
- Profit (Jun 2026): ₹85.0 Cr (+19.7% on a year ago)
- Operating margin: 9.0% (flat on a year ago)
- ROCE: 10%, FY26
- ROIC: 6.6%, against a 12.0% cost of capital: −5.4 points

The main question: the share price moved −26.2% in a year while yearly earnings per share moved −76.8%. The difference came from the market paying a higher multiple. ## What is the Jai Balaji Industries share price today? Jai Balaji Industries Ltd's share price was ₹69.70 at the close on 3 November 2026. It has been falling for 94 weeks. That is 3.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹56 and ₹89, and at that close it sat 41% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row. Over the last 11 years the share price moved +4,609% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Jai Balaji Industries this quarter? Two changes stood out: profit grew again in the June 2026 quarter and foreign funds (FIIs) cut their stake for 3 quarters in a row. 1. Profit grew again in the June 2026 quarter Profit was ₹85 crore, +19.7% on a year earlier (₹71 crore), after 7 quarters of decline. Why: Profit rose because the company got better prices for its special ferroalloys and sold more higher-margin products. It also ran its plants more efficiently. From the earnings call on 14 Aug 2026. 2. Foreign funds (FIIs) cut their stake for 3 quarters in a row From 3.7% to 2.8% of the company by the September 2026 quarter. ## What are Jai Balaji Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Jai Balaji Industries reported revenue of ₹1,683 crore, up 24.0% from ₹1,357 crore a year earlier, and a profit of ₹85.0 crore, up 19.7% from ₹71.0 crore. ### Jai Balaji Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,683 crore | ₹1,357 crore | +24.0% |
| Profit | ₹85.0 crore | ₹71.0 crore | +19.7% |
| Earnings per share | ₹0.93 | ₹0.77 | +20.8% |
| Operating margin | 9.0% | 9.0% | 0.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Jai Balaji Industries' management discussed these results on a call held on 14 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Jai Balaji Industries share price history? Jai Balaji Industries closed at ₹69.70 on 3 November 2026, down 26.2% from ₹94.50 a year earlier (31 October 2025) and up 517.9% over five years. Its highest weekly close since March 2016 was ₹248.11 on 2 March 2024. ### Jai Balaji Industries share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹63.74 | +9.4% |
| 1 month ago · 1 Oct 2026 | ₹61.51 | +13.3% |
| 6 months ago · 30 Apr 2026 | ₹78.29 | −11.0% |
| 1 year ago · 31 Oct 2025 | ₹94.50 | −26.2% |
| 3 years ago · 3 Nov 2023 | ₹112.02 | −37.8% |
| 5 years ago · 4 Nov 2021 | ₹11.28 | +517.9% |
| 10 years ago · 4 Nov 2016 | ₹2.99 | +2,231.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1.48 | +4,609.5% |
| Highest weekly close since March 2016 · 2 Mar 2024 | ₹248.11 | −71.9% |
| Lowest weekly close since March 2016 · 10 Jun 2016 | ₹1.31 | +5,220.6% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹88.86 | −21.6% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹56.18 | +24.1% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Jai Balaji Industries? 3 Nov 2026: Jai Balaji Industries closed at ₹69.70, up 9.4% on the week and up 13.3% on the month. 14 Aug 2026: Jai Balaji Industries held its results call for April to June 2026. Management guided: DI pipe capacity to 5.5 lakh tons, specialized ferroalloys to 1.9 lakh metric tons, blast furnace to 7.5 lakh tons and sinter to 12.1 lakh tons by October to December 2026. ### Earlier

- Results for April to June 2026: Revenue up 24.0% and profit up 19.7% on a year earlier. - 17 Jan 2025: Share split: face value cut from ₹10 to ₹2 a share (ex-date). ## What dividend does Jai Balaji Industries pay? Jai Balaji Industries has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. Jai Balaji Industries Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Jai Balaji Industries management say on the latest results call? On the call for April to June 2026, held on 14 August 2026, Jai Balaji Industries' management guided: DI pipe capacity to 5.5 lakh tons, specialized ferroalloys to 1.9 lakh metric tons, blast furnace to 7.5 lakh tons and sinter to 12.1 lakh tons by October to December 2026. > “What we can predict at the moment is that it cannot get worse. > Rajkumar Sharma, on the call for April to June 2026

### What management guided

- ₹1,112 crore revised outlay versus ₹1,000 crore, with ₹35-40 crore balance by December 2026. - DI dispatches and payments to improve post-monsoon/from Q3; initial utilization 50-60%, pipe margin up to 14% if prices improve, receivables recouped in 2-4 months. - FY26-27 turnover ₹7,000-7,500 crore under a normal market after capacity completion. - New ferroalloy module to begin at 80-90% utilization when commissioned in December-January. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4853/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 14 August 2026.)

## What to watch in Jai Balaji Industries' next results? When Jai Balaji Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: DI pipe dispatches, payments and utilization to improve after the monsoon - check whether government-funded execution translates into higher output. - What to check (from the call)
- DI pipe dispatches, payments and utilization to improve after the monsoon - check whether government-funded execution translates into higher output. - Outstanding DI receivables to be substantially collected within the stated window - check cash conversion and fresh order release. - Specialized ferroalloy margins to sustain the guided range - check realization strength, mix and logistics or raw-material pressure. - Expansion modules to commission on schedule and term debt to decline by March - check capital spending completion and deleveraging together. ## Which stock lists is Jai Balaji Industries on? Jai Balaji Industries is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): -65.65](https://www.sectoralpha.in/penny-stocks-india)

## Is Jai Balaji Industries profitable? Jai Balaji Industries Ltd earned ₹85.0 Cr of net profit in the Jun 2026 quarter, +19.7% on the same quarter a year earlier. Full-year FY26 profit was ₹130 Cr. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹71.0 Cr. For the full year, FY26 profit was ₹130 Cr (−76.7% on the year before). Why profit moved: revenue changed +24.0% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −56.3% and revenue +2.5%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Jai Balaji Industries make, and is it growing? Jai Balaji Industries Ltd reported ₹1,683 Cr of revenue in the Jun 2026 quarter, +24.0% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 16.9% a year on average. The last full year, FY26, came in at ₹5,784 Cr. The last four reported quarters add to ₹6,110 Cr. FY26 revenue was ₹5,784 Cr, −8.9% on the year before. Recent pace: the last four quarters grew +2.5% on average, against 16.9% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +2.0%, against −4.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −65.6%, against −60.4% a year (rolling over). ## How much of every ₹100 of sales does Jai Balaji Industries keep? Jai Balaji Industries Ltd's operating margin was 9.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between −13.0% and 14.0%. The latest quarter is within that range. In the latest quarter it moved +0.0 percentage points on the same quarter a year ago. Why the margin moved: operating margin changed −0.4 percentage points on the year while gross margin changed −3.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Jai Balaji Industries' profit turning into cash? Over the last 3 years, 96% of Jai Balaji Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹358 Cr of operating cash against ₹130 Cr of profit. After ₹249 Cr of spending on assets, ₹109 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 96% of profit came in as cash: the cash cycle got 51 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 3.2× depreciation over three years. The next section checks what that spending is building. ## Where does Jai Balaji Industries' cash go? Jai Balaji Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 74 days in FY26, up from 23 days in FY21. It spent ₹971 Cr on assets over the last 3 years. Customers take 21 days to pay, and stock sits for 125 days on average. At FY26 sales of ₹5,784 Cr, each day of that cycle ties up about ₹15.8 Cr, so roughly ₹1,173 Cr is tied up in the business at any time. FY26: customers took 21 days to pay and stock sat for 125 days, about 4.1 months of sales sitting as stock, for a full cycle of 74 days, longer than FY21's 23. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 125 days. Customers pay about 21 days after that. Suppliers are paid at 73 days. Together that makes the 74-day cycle. Spending on assets: ₹971 Cr over the last 3 years, against ₹305 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹294 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Jai Balaji Industries' P/E ratio, and how does it compare with its own history? Jai Balaji Industries Ltd's P/E is 43.5×, near the high end of its own history: higher than 95% of past readings. Its usual P/E (the middle reading) is 17.2×, over 5.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹1.58. Why the multiple is where it is: over the past year earnings per share moved −76.8% while the price moved −26.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +43.9% a year; about +21.8% a year came from earnings growth and about +22.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Jai Balaji Industries business getting better or worse? Jai Balaji Industries Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −65.6% in the latest quarter, against +1417.2% at its best in 12 quarters, with ROCE falling at 11.3%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Jai Balaji Industries earn on its capital? Jai Balaji Industries Ltd earned a ROCE of 10% in FY26. That is up from a low of −9% in FY16. Its return on capital used (ROIC) is 5.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 2.2% net margin and 1.42× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 2.2% net margin × 1.42× asset turnover × 1.81× leverage (assets divided by equity) ≈ 5.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 6.6% − 12.0% = −5.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Jai Balaji Industries have too much debt? Jai Balaji Industries Ltd has total debt of ₹417 Cr against shareholder equity of ₹2,258 Cr as of Jun 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from −1.91 in FY22 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Jai Balaji Industries shareholding pattern? No group of Jai Balaji Industries Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 64.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.2 points over 8 quarters, to 2.8%; Promoters: +0.0 points over 8 quarters, to 64.8%; Domestic institutions: +0.0 points over 8 quarters, to 0.1%. ## How far is Jai Balaji Industries from balance-sheet trouble? For Jai Balaji Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Jai Balaji Industries rank in its industry? 32.2 out of 100, rank 2 of 4 in DI Pipes/Saw Pipes, with 93% of the evidence available. Jai Balaji Industries Ltd scores 32.2 out of 100 against the 4 companies it is compared with in DI Pipes/Saw Pipes, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 7.6 + 7 + 11.4 + 6.2 = 32.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Jai Balaji Industries compared with? Jai Balaji Industries ranks 2 of 4 DI Pipes/Saw Pipes companies on the 4-Factor Sector Score, with 32.2 out of 100. 1. [Welspun Corp Ltd](https://www.sectoralpha.in/stocks/welspun-corp-ltd) WELCORP · leader · Evidence leans up · 90% evidence 64.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 13.6% · Profit 9.5% · Operating margin change 2 points · 100% evidence Capital efficiency 20.1/25 · ROCE 22.9% · Operating margin 16% · 100% evidence Valuation 5.0/20 · P/E 26.1× · PEG 4.69 · 50% evidence Relative strength 20.0/20 · Lead over its industry 53.4% · Lead over NIFTY 500 74% · 1 year 141.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.1 + 20.1 + 5 + 20 = 64.2 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 2. Jai Balaji Industries Ltd this page JAIBALAJI · turning · Most evidence points down · 93% evidence 32.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.6/35 · Revenue 2% · Profit -65.6% · Operating margin change 0 points · 88% evidence Capital efficiency 7.0/25 · ROCE 9.6% · Operating margin 9% · 100% evidence Valuation 11.4/20 · P/E 38.4× · PEG 0.87 · 85% evidence Relative strength 6.2/20 · Lead over its industry -23.4% · Lead over NIFTY 500 -4.6% · 1 year -34.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 7.6 + 7 + 11.4 + 6.2 = 32.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Electrosteel Castings Ltd](https://www.sectoralpha.in/stocks/electrosteel-castings-ltd) ELECTCAST · quiet · Most evidence points down · 78% evidence 29.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.5/35 · Revenue -15.7% · Profit -79% · Operating margin change -4 points · 88% evidence Capital efficiency 6.1/25 · ROCE 5% · Operating margin 7% · 100% evidence Valuation 11.7/20 · P/E 24.7× · PEG 0.35 · 85% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.6% · 1 year -30.3% · 25% evidence · 3 of 12 weeks ahead Exact sum: 4.5 + 6.1 + 11.7 + 7.5 = 29.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Jindal Saw Ltd](https://www.sectoralpha.in/stocks/jindal-saw-ltd) JINDALSAW · losing its lead · Most evidence points down · 97% evidence 29.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 2.7/35 · Revenue -0.7% · Profit -55.5% · Operating margin change -5 points · 100% evidence Capital efficiency 8.9/25 · ROCE 10.4% · Operating margin 6% · 100% evidence Valuation 12.6/20 · P/E 26.6× · PEG 0.21 · 85% evidence Relative strength 5.0/20 · Lead over its industry -10.5% · Lead over NIFTY 500 6.9% · 1 year 30.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 2.7 + 8.9 + 12.6 + 5 = 29.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [DI Pipes/Saw Pipes](https://www.sectoralpha.in/sectors/di-pipes-saw-pipes), all 4 compared on one page. ## Which companies are close to Jai Balaji Industries in size? Jai Balaji Industries is the 3rd largest of 4 DI Pipes/Saw Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Welspun Corp and Jindal Saw. Just below it: Electrosteel Castings. ### DI Pipes/Saw Pipes companies close in size

1. [Welspun Corp Ltd](https://www.sectoralpha.in/stocks/welspun-corp-ltd) ₹61,769 crore
2. [Jindal Saw Ltd](https://www.sectoralpha.in/stocks/jindal-saw-ltd) ₹14,584 crore
3. Jai Balaji Industries Ltd ₹5,613 crore
4. [Electrosteel Castings Ltd](https://www.sectoralpha.in/stocks/electrosteel-castings-ltd) ₹3,929 crore

[All 4 DI Pipes/Saw Pipes companies, largest first](https://www.sectoralpha.in/sectors/di-pipes-saw-pipes#all-companies)

### Companies close in size in other industries

1. [JK Lakshmi Cement Ltd](https://www.sectoralpha.in/stocks/jk-lakshmi-cement-ltd) ₹5,634 crore · Cement
2. [Kusumgar Ltd](https://www.sectoralpha.in/stocks/kusumgar-ltd) ₹5,622 crore
3. Jai Balaji Industries Ltd ₹5,613 crore
4. [Marine Electricals (India) Ltd](https://www.sectoralpha.in/stocks/marine-electricals-indialtd) ₹5,593 crore · Shipping - Proxy
5. [Mrs Bectors Food Specialities Ltd](https://www.sectoralpha.in/stocks/mrs-bectors-food-specialities-ltd) ₹5,575 crore · FMCG - Foods

## What else do people ask about Jai Balaji Industries? ### What is Jai Balaji Industries's share price today? Jai Balaji Industries Ltd's share price is ₹69.70, −26.2% over the past year. The whole company is worth ₹6,361 Cr on the market. In the last 52 weeks it traded between ₹56 to ₹89; today it is 41% of the way up from the low, 3.1% below its 200-day average (as of 3 November 2026). ### What were Jai Balaji Industries's latest quarterly results? Jai Balaji Industries Ltd reported revenue of ₹1,683 Cr and net profit of ₹85.0 Cr for the Jun 2026 quarter. Revenue rose 24.0% and profit rose 19.7% compared with a year earlier. Earnings per share were ₹0.93. The operating margin was 9.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Jai Balaji Industries's market cap? Jai Balaji Industries Ltd's market capitalisation is ₹6,361 Cr at a share price of ₹69.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Jai Balaji Industries performing? Jai Balaji Industries Ltd's share price has been falling for 94 weeks. In its latest quarter, revenue rose 24.0% and profit rose 19.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 5 weeks running (as of 3 November 2026). ### Will Jai Balaji Industries's share price go up? This page does not forecast Jai Balaji Industries Ltd's share price. What it shows instead: the share price is ₹69.70, and it has been falling for 94 weeks. Its P/E of 43.5× is higher than 95% of its own last 5 years (as of 3 November 2026). ### Who owns Jai Balaji Industries? Promoters own 64.8% of Jai Balaji Industries Ltd, foreign institutions 2.8%, domestic institutions 0.1% and the public 32.3% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Jai Balaji Industries have too much debt? No, Jai Balaji Industries Ltd has little debt: its debt is 0.18× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹417 Cr against equity of ₹2,257 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Jai Balaji Industries in its business cycle? Jai Balaji Industries Ltd's FY26 operating margin was 6.0%, against a 13-year range of −13.0% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Jai Balaji Industries story? The main question: the share price moved −26.2% in a year while yearly earnings per share moved −76.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Jai Balaji Industries a stock worth studying right now? What the numbers show: Jai Balaji Industries Ltd's share price has risen faster than its earnings: −26.2% in a year, against −76.8% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Jai Balaji Industries share price forecast for 2026? What management itself guided: DI pipe capacity to 5.5 lakh tons, specialized ferroalloys to 1.9 lakh metric tons, blast furnace to 7.5 lakh tons and sinter to 12.1 lakh tons by October to December 2026. ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

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