Jai Balaji Share Price

Jai Balaji Industries Limited manufactures and markets iron and steel products primarily in India. The company provides TMT bars, cement, sponge iron, pig iron, ductile iron pipe, ferro chrome, billet, coke, sinter, manganese, ductile iron pipes, and alloy carbon and mild steel billets and rounds. It also offers steel bars/rods, ferro alloys, MS ingots, and coke/coke fines/nut coke, and sinter, as well as generates power. The company offers its TMT bars under the Balaji Shakti brand name. It also exports its products. Jai Balaji Industries share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

Jai Balaji Industries stock price is influenced by various factors such as earnings, capacity utilisation, raw material costs, finished steel prices, and government policies on infrastructure spending. In the longer run, strategies related to expansion, cost efficiency, and debt management affect stock market sentiments. All these factors must be closely monitored to have an idea about the ABC stock price movements.  

Jai Balaji Industries live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Jai Balaji Industries live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the Jai Balaji Industries share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

Jai Balaji Industries Limited Company Fundamentals 

Jai Balaji Industries Company Background 

Jai Balaji Industries Limited is an integrated steel manufacturing company headquartered in Kolkata, India. It operates multiple production units across the states of West Bengal, Chhattisgarh, Odisha and Jharkhand, collectively contributing to a broad portfolio of products that includes sponge iron (DRI), pig iron, ferro alloys, alloy and mild steel billets, reinforcement steel TMT bars, wire rods, ductile iron pipes and alloy and mild steel heavy rounds with a combined capacity exceeding 27,40,000 tonnes per annum. The company’s operations span from raw material processing through to finished product output, supporting a variety of industrial applications and end-markets. It also includes captive power generation facilities to support its manufacturing infrastructure. Jai Balaji Industries emphasizes structured and sustainable manufacturing practices, guided by its leadership and supported by a diverse team of professionals. Over time, the business has extended into allied sectors and steadily evolved its capabilities. Founded in 1999, the company is publicly listed and participates in both domestic and export markets, producing a range of steel products to meet varied requirements.  

Jai Balaji Industries  Company Product Lines 

Jai Balaji Industries produces a broad range of integrated steel and related products, including:  

• Sponge Iron (DRI)  
• Pig Iron  
• Ferro Alloys  
• Alloy & Mild Steel Billets  
• Reinforcement Steel Bars and Wire Rods (TMT bars, CRS bars)  
• Alloy & Mild Steel Heavy Rounds  
• Ductile Iron Pipes  
• Captive Power Generation (supporting manufacturing)  
• Additional offerings reported in industry data include coke, sinter and manganese products, sold under various steel & alloy categories 

Jai Balaji Industries Company Revenue Model 

• Domestic Sales: Steel and allied products supplied to construction, infrastructure, manufacturing, and industrial sectors across India.  
• Exports: Products such as ductile iron pipes and specialised ferro alloys shipped to global markets (over 40 countries), particularly Europe and Asia.  
• Value-Added & Specialised Products: Higher-margin products like ductile iron pipes and specialised ferro alloys accounted for a significant portion of revenue in recent years.  
• Captive Power Sales: Power generated supports internal operations and potentially contributes to cost offsets.  
• Distribution & Partner Channels: The company uses distributor networks and direct sales to reach varied customer segments. (Market research sources note distribution partnerships though exact figures vary.)  

Jai Balaji Industries Geographic Presence 

Jai Balaji Industries has an India-focused but internationally linked footprint:  

Manufacturing Locations (India): 

• West Bengal: Durgapur, Raniganj, Liluah  
• Chhattisgarh: Durg  
• Jharkhand: Kandra (incl. acquired plants)  
• Odisha: Rourkela  

Export Markets: 

• Products are exported to many global markets, with reported shipments to 42 countries, and a significant share going to European markets.  

Corporate Headquarters: 

• Kolkata, West Bengal, India (Registered office and administrative HQ)  

Jai Balaji Industrie  Leadership  

Some key leaders of Jai Balaji Industries Limited as of February 2026 are 

• Aditya Jajodia – Chairman and Managing Director 
• Sanjiv Jajodia – Whole-time Director 
• Rajiv Jajodia – Director 
• Gaurav Jajodia – Director 
• Mamta Jain – Independent Woman Director 
• Parthasarathi Mukhopadhyay – Independent Director 
• Bimal Kumar Choudhary – Executive Director 
• Swati Bajaj – Independent Woman Director 
• Pradip Kumar Tibdewal – Independent Director 
• Rajendra Prasad Ritolia – Independent Director 

Jai Balaji Industries Key Milestones 

• 1999: Company incorporated as Jai Balaji Sponge Limited.  
• 2000: First sponge iron (DRI) plant established in West Bengal with an initial capacity of 50 tonnes per day.  
• 2003: Initial Public Offer (IPO) of one crore equity shares launched.  
• 2007: Company name changed to Jai Balaji Industries Limited.  
• 2005: Commissioned a captive power plant (12 MW) and a ferro alloys plant (30,000 MT per annum) at Raniganj, West Bengal.  
• 2008: Signed MoUs for integrated steel projects and power facilities in Chhattisgarh; listed equity shares on Bombay Stock Exchange.  
• 2008: Sinter plant at Durgapur commenced production (6.08 lakh MTPA).  
• 2008: Electric arc furnace plant at Durgapur began operations (4.33 lakh MTPA).  
• 2010: Operational capacity expanded to approximately 2.4 million tonnes per annum.  
• 2023: Achieved operational capacity near 2.5 million tonnes per annum, reflecting growth in steel and value-added product lines 

Industry Perspective 

The Indian steel industry is a major component of both the national economy and global steel production. India is the second-largest crude steel producer in the world, with production volumes exceeding 125 million tonnes in FY23. Domestic steel demand has been strong, with growth prospects supported by infrastructure expansion, urbanisation, transport, and manufacturing sectors. Steel consumption in India is projected to grow at around 5–9 % annually in the near term, driven by infrastructure and construction activity. Market research forecasts the Indian steel market size to increase significantly through the latter half of this decade. By 2030, the industry’s value is expected to reach between USD 270–285 billion, expanding at a compound annual growth rate (CAGR) of around 7–9 % from 2024 levels. Domestic production capacity is also on track to rise, with government and industry targets aiming for around 300 million tonnes by 2030 to match demand and reduce import dependence. These growth drivers position India as a key long-term growth market for steel, with advances in specialised and value-added products further enhancing industry prospects 

Jai Balaji Industries Limited Stock Market Presence: Listings & Index Representation 

Jai Balaji Industries Limited is listed on the NSE (National Stock Exchange) under the symbol JAIBALAJI and on the BSE (Bombay Stock Exchange) under the scrip code 532976. 

Jai Balaji Industries Limited holds a position within the Indian equity markets, represented in indices such as the BSE 1000, Nifty Microcap 250 Index, and Nifty Total Market. Its inclusion in these indices underscores the company’s relevance within the microcap segment and the broader Indian manufacturing and materials sector. 

Jai Balaji Industries stock price is tracked by investors focused on the industrial and manufacturing space. Listing on NSE and BSE ensures liquidity, while its presence in thematic indices like the Nifty Microcap 250 drives awareness and tracking among investors interested in smaller-capitalization companies within the BFSI sector. 

Jai Balaji Industries Limited Stock Performance and Share Price History 

Jai Balaji Industries share price on NSE and BSE reflects its standing within the steel and sponge iron industry. Performance is driven by factors like revenue growth, profitability trends, input cost management, and demand from the construction sector. Investors often compare the Jai Balaji Industries share price today with relevant sectoral indices and peer companies to gauge relative performance. 

These underlying operational factors often translate into significant market movements across different periods. For instance, the company’s stock delivered a remarkable return of 1,294.4% in the calendar year 2023, a period that coincided with a strong turnaround in earnings. In contrast, the Jai Balaji Industries share price faced pressure in 2025, declining 59.91% for the year, which aligned with a moderation in performance from the previous year’s highs and broader market corrections affecting the sector. This shows how earnings cycles and sector sentiment can drive substantial swings in Jai Balaji Industries share price. 

While short-term movements reflect specific events and announcements, longer-term valuation trends are visible through the Jai Balaji Industries share price 52-week high and low, providing context beyond daily or weekly changes. Highs often align with peaks in steel prices and strong quarterly earnings reports, while lows correlate with periods of weak demand, high input costs, or broader economic slowdowns. These levels capture the impact of commodity cycles, industrial growth expectations, and company-specific operational efficiency, providing context for the stock’s historical performance. 

Jai Balaji Industries’ stock performance reflects the trading behaviour of a company operating within the cyclical steel sector. The company’s focus on integrated manufacturing, cost optimization, and market positioning has shaped its Jai Balaji Industries share price history. Over extended periods, the stock has experienced phases of explosive growth alongside significant consolidation, mirroring the inherent volatility of its industry. 

The stock’s long-term journey shows distinct cycles. For example, the Jai Balaji Industries stock price saw a major upswing of 942.03% in 2007, benefiting from a robust global infrastructure boom. This was followed by a sharp correction of -83.48% in 2008 during the global financial crisis. A strong recovery occurred in 2009 with a 212.74% gain. More recently, after a period of volatility, the stock entered another strong growth phase from 2020 onwards, culminating in the exceptional performance of 2023. The Jai Balaji Industries share price movement in recent years, including a -46.21% return over one year as of early 2026, highlights the ongoing cyclicality after a major rally. 

Jai Balaji Industries’ stock performance over time has been closely tied to India’s economic and commodity cycles. The company’s share price history shows it can deliver multi-year periods of exceptional returns, such as 588.75% over three years and 1,394% over five years, highlighting periods of successful operational turnaround and strong sectoral tailwinds. These returns underscore the stock’s potential for high growth during favourable industry phases, aligned with expanding infrastructure spending and efficient capacity utilization. 

An analysis of quarterly return seasonality shows a varied pattern. The average return in the third quarter (Q3) over a 5-year period was notably high at 94.5%, while Q1 averaged -8.33%. Specific years demonstrate this volatility: in 2023, Q3 delivered a 469.91% return, whereas in 2025, Q3 saw a -27.56% decline. Despite facing challenges during periods like the COVID-19 pandemic, which impacted industrial activity, Jai Balaji Industries shares have shown resilience over the long term, with a 10-year return of 5,185.61%, significantly outperforming the broader Nifty 50 index’s 250.04% return over the same period. 

Investor Relevance and Role in Portfolio 

Jai Balaji Industries represents a strategic holding for portfolios seeking exposure to the cyclical microcap segment of India’s steel and manufacturing industry. Its inclusion in indices like the Nifty Microcap 250 underscores its relevance within a specific market segment. The company’s operational leverage to infrastructure growth and cost-focused integrated plants makes it a consideration for investors with a higher risk appetite and a focus on long-term industrial cycles. 

Jai Balaji Industries equity is held by a mix of corporate and institutional entities. Top institutional stakeholders include Hariaksh Industries Private Limited, Jai Salasar Balaji Industries Pvt. Ltd., Shri Mahatejas Vinimay Private Limited, Shri Keshrinandan Trade Private Limited, Enfield Suppliers Limited, Mahananda Securities Limited, Hari Management Limited, Dalmia Bharat Limited, Santosh Industries Limited, and Moorgate Industries Limited. 

Prominent mutual fund and global ETF holders include the Government Pension Fund Global, Vanguard Total International Stock ETF, Vanguard FTSE Emerging Markets ETF, iShares Core MSCI Emerging Markets ETF, Vanguard Institutional Total International Stock Market Index Trust II, Motilal Oswal Nifty Microcap 250 Index Fund, Avantis Emerging Markets Equity ETF, Vanguard FTSE All-World ex-US Small-Cap ETF, and iShares Core MSCI EM IMI UCITS ETF. This investor base highlights the stock’s reach among funds tracking emerging markets, small-cap indices, and the materials sector. 

Beyond fundamentals and ownership, Jai Balaji Industries’ stock is subject to the typical volatility associated with microcap and commodity-linked companies. Technical indicators such as RSI, MACD, and MFI can provide additional insight into short-term momentum shifts in Jai Balaji Industries stock price. While primarily used for near-term trading, these tools can also help market observers gauge sentiment and potential volatility around earnings releases or major commodity price movements. 

Jai Balaji Industries’ beta values indicate a stock with variable sensitivity to market movements. The long-term beta stands at 0.853, suggesting a historical correlation slightly below the broader market. However, shorter-term measures show higher volatility, with a 1.80 beta on a daily one-month range and a 1.61 beta on a daily three-month range. Weekly ranges show a beta of 1.07 over one year and 1.38 over two years, while monthly calculations over two years show a 1.34 beta. This range of values, from 0.901 to 1.80 across different time frames, indicates that Jai Balaji Industries share price can exhibit periods of both moderate and high volatility relative to the market, reflecting its sectoral and microcap characteristics 

Jai Balaji Industries Limited Sectoral Relevance and Peer Positioning 

Jai Balaji Industries’ sector relevance stems from its integrated manufacturing of sponge iron, TMT bars, and ductile pipes, establishing it as a key player in the secondary steel ecosystem supporting India’s infrastructure and construction. Peer comparisons with companies like Steel Authority of India (SAIL), Tata Steel, Jindal Steel & Power (JSPL), JSW Steel, and Vardhman Special Steels focus on product mix, operational efficiency, scale, and cost structures rather than short-term stock moves. These benchmarks help assess competitive positioning, margin profiles, and sensitivity to raw material prices. Institutional tracking of steel demand, iron ore and coal costs, and government infrastructure outlays further highlights the company’s role within India’s broader industrial and capital goods markets. 

Jai Balaji Industries’ sectoral importance is also reflected in financial and market metrics that demonstrate its growth trajectory, volatility, and market valuation. 

Jai Balaji Industries market cap has shown significant growth and volatility, reflecting its earnings cycles and sector trends. As of February 2026, its market cap stood at approximately ₹63.51 billion, representing a decrease of about -58.11% over one year. This follows a period of substantial expansion; the market cap grew from ₹7.96 billion in December 2022 to ₹163.89 billion in December 2024, a surge of 1,436.40% in 2023 alone. Over the very long term, since August 2005, the market cap has increased from ₹879.44 million to its current level, a compound annual growth rate of 23.19%. These figures illustrate the company’s journey and the high-impact nature of its business performance on valuation. 

Jai Balaji Industries earnings history demonstrates a strong recovery and growth phase in recent years after a period of challenges. The company’s net income turned decisively positive, rising from ₹57.83 crores in March 2023 to ₹879.56 crores in March 2024. For the year ending March 2025, net income was reported at ₹557.88 crores. This represents a compound annual growth rate (CAGR) of 127.69% over three years. The operating profit (EBIT) followed a similar trajectory, growing from ₹146.76 crores in March 2022 to ₹1,035.73 crores in March 2024, before moderating to ₹840.65 crores in March 2025. This earnings turnaround is a key factor that has influenced the Jai Balaji Industries share price over this period. 

Jai Balaji Industries EPS mirrors its journey from losses to significant profitability. The company reported negative EPS figures of ₹-2.07 in March 2021 and ₹-1.37 in March 2022. A turnaround began in March 2023 with a positive EPS of ₹0.87, which jumped dramatically to ₹55.80 in March 2024 according to income statement data, or ₹0.80 as per a separate earnings summary. For March 2025, the consolidated EPS was ₹10.75. This translates to a 3-year CAGR in EPS of 12.97% and a 5-year CAGR of 20.93%. The sharp fluctuations in EPS highlight the high operational and financial leverage inherent in the business model. 

Jai Balaji Industries P/E ratio has experienced extreme fluctuations in line with its volatile earnings profile. The P/E ratio was negative in years when the company reported losses, such as -1.07 in March 2021. As earnings recovered, the P/E ratio turned positive, registering 3.34 in March 2024 and 22.06 in March 2025. This represents an increase of 561.03% in the P/E ratio from 2024 to 2025. The trailing twelve months (TTM) P/E ratio stands at 21.66. The current P/E is significantly higher than the five-year average of 5.68, indicating a market re-rating following the company’s return to sustained profitability, which in turn affects the market’s valuation of Jai Balaji Industries share price. 

Finally, Jai Balaji Industries’ long-term financial trajectory demonstrates the cyclical nature of the steel industry. From total revenues of ₹289.50 crores in March 2005, the company grew steadily, crossing ₹1,500 crores by March 2013. After a period of stress, a strong growth phase resumed, with revenues reaching ₹6,413.78 crores in March 2024. Profitability metrics have shown even greater swings, from operating losses in the late 2010s to operating profits exceeding ₹700 crores recently. These trends reflect the company’s sensitivity to commodity cycles, its efforts in debt and cost management, and its positioning relative to other small and mid-cap steel producers in India. 

Summary 

Jai Balaji Industries Limited is an integrated steel producer listed on Indian stock exchanges. Its share price is influenced by sector cycles, raw material costs, and company performance. The stock has a history of high volatility with periods of significant growth and consolidation. Key financial metrics like earnings, EPS, and P/E ratio have shown substantial variation. Investors monitor the Jai Balaji Industries share price for exposure to the microcap industrial segment.