Jai Balaji Industries Limited (JAIBALAJI.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-34.1%

₹45.87

vs ₹69.65 price

Levered DCF

₹43.87

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	38.13×	22.58×	19.02×	11.11×	10.08×	-5.35×	-1.49×	-1.87×
P/B	2.19×	6.01×	11.04×	1.15×	-0.29×	-0.23×	-0.1×	-0.18×
P/S	0.86×	2.01×	2.59×	0.1×	0.1×	0.15×	0.06×	0.09×
EV / EBITDA	14.04×	14.16×	15.21×	5.06×	15.28×	36.09×	42.98×	67.14×
Gross margin	23.4%	36.0%	34.9%	21.8%	20.7%	16.7%	-2.2%	13.3%
Operating margin	3.9%	12.2%	31.6%	6.0%	5.2%	0.7%	-2.2%	-1.6%
Net margin	2.2%	8.8%	13.7%	0.9%	1.0%	-2.7%	-4.1%	-5.1%
Current ratio	1.25×	1.27×	1×	0.79×	0.33×	0.31×	0.31×	0.44×
Debt / equity	0.18×	0.26×	0.31×	1.55×	-1.91×	-1.98×	-2.09×	-2.3×
Interest coverage	3.41×	12.34×	27.91×	4.16×	2.49×	0.21×	-0.59×	-0.45×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.8%	26.3%	58.5%	10.4%	-2.9%	4.4%	6.9%	9.7%
Return on invested capital	5.4%	20.2%	91.5%	14.0%	16.3%	1.1%	-3.4%	-2.4%
Return on assets	3.2%	14.3%	26.2%	2.0%	1.6%	-2.5%	-3.8%	-4.8%
Free cash flow yield	1.2%	-0.4%	2.8%	35.7%	69.3%	25.0%	148.8%	14.1%
Earnings yield	2.6%	4.4%	5.3%	9.0%	9.9%	-18.7%	-67.1%	-53.6%
Enterprise value	₹53.7B	₹132.3B	₹170.3B	₹14.8B	₹36.4B	₹38.1B	₹36.2B	₹39.2B
Net debt / EBITDA	1.08×	0.5×	0.38×	2.87×	13.25×	32.26×	40.96×	62.22×
Cash conversion cycle (days)	70	73	21	8	6	25	23	23