1:5 Stock Split of Metal Stock: 17th January, 2025 Record Date; Affordable To Buy Today?

One of the top fully integrated steel companies is Jai Balaji Industries Ltd., which specialises in special-grade ferro alloys and ductile iron pipes (Dl Pipes). With four integrated steel production facilities spread throughout West Bengal and Chhattisgarh, the company is among the largest private steel producers in Eastern India. Specialised products like Dl Pipes and Special-grade Ferro Alloys are part of the company's diverse product line, which also includes sponge iron, pig iron, steel billets, TMT bars, sinter, coke and power. It has been exporting to major nations worldwide and is one of India's leading producers of special-grade ferroalloys.

Jai Balaji Industries Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that pursuant to Members' approval obtained through Postal Ballot on 19th December, 2024, the Company has fixed 17th January, 2025 as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of each equity share of Rs. 10/- (Rupees ten only) each, fully paid-up into 5 (five) equity shares of Re. 2/- (Rupee two only) each, fully paid-up," said Jai Balaji Industries in a stock exchange filing on Monday.

Jai Balaji Industries Financials

For the second quarter of FY25, Jai Balaji Industries Ltd. reported a 24% decrease in net profit YoY, with profits dropping to Rs 153.2 crore from Rs 201.6 crore during the same time the previous year. Revenue from operations increased slightly by 0.6% to Rs 1,556.6 crore in Q2FY25 from Rs 1,546.6 crore in Q2FY24. With a 7% growth in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to Rs 228.3 crore in the September 2024 quarter from Rs 213.4 crore in the September 2023 quarter, the EBITDA margin rose to 14.7% from 13.8% on a YoY basis. In H1FY 25, the firm had an 8% growth in revenues and a roughly 30% increase in EBITDA.

Jai Balaji Industries Share Price Target

"Jai Balaji Industries stock price is bullish on the Daily charts with strong support at 875. A Daily close above resistance of 937 could lead to a target of 1046 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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