Jainam Ferro Alloys (I) Q2 FY23 Share Price & Earnings Call Analysis
- Market cap
- ₹213 Cr
- P/E
- 32.91
- ROE
- 4.58%
- PEG
- -0.94
- Price to sales
- 1.03
- Debt to equity
- 0.14
- Sales growth (5Y)
- 15.16%
- EBITDA margin
- 4.29%
- Net profit margin
- 3.14%
- Promoter holding
- 66.25%
- Sales (last year)
- ₹206 Cr
Guidance scorecard · Q2 FY23 call
What Jainam Ferro's management guided
and where it ranks in Ferrous Metals
RevenueQ2 FY23 call
20–40%- The company expects no drop in demand for ferro alloys due to ongoing infrastructure push and export demand from Middle East and other regions.
- Revenue guidance for FY2023 is projected in the range of Rs. 250 Crores to Rs. 300 Crores.
- The order book includes significant orders booked for November and December; cautious approach for January anticipating better demand with easing global geopolitical tensions.
- Capacity utilization is at 100%, with plans to ramp up capacity over the next two years through Greenfield and Brownfield projects.
- The company is also focusing on expansion via acquisition of manganese ore mines and new capacity addition.
2 more points from Jainam Ferro's call on revenue
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MarginsQ2 FY23 call
FlatSee what Jainam Ferro said on margins — free account, 30 seconds.
CapexQ2 FY23 call
Planned- The company is actively looking for both Greenfield and Brownfield projects as part of its capex plans.
- They are evaluating acquiring manganese ore mines across the state to secure raw material sources.
- Plans include building their own solar plants to ensure energy security and move towards self-reliance.
- Capital expenditure is expected to continue in the next half year.
- Capacity expansion is ongoing with the expectation to develop increased capacity within the next two years.
2 more points from Jainam Ferro's call on capex
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FundraisingQ2 FY23 call
See what Jainam Ferro said on fundraising — free account, 30 seconds.
Order bookQ2 FY23 call
- The company secured one of its largest orders from Bhilai Steel Plant, which has been completed.
- The current order book covers orders booked through November and December.
- Management is not aggressively pursuing new orders for January, anticipating improved demand with easing geopolitical tensions.
- There is cautious optimism about demand reopening in European, Middle Eastern, and American markets.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal Steel LtdGood growth2
- Strong growth1
- Jai Balaji Industries LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Ferrous Metals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹59 Cr | 9.4 | |
| 2 | Jindal Steel Ltd | 20–40% | Flat | ₹1.08L Cr | 35.0 |
| 3 | Jai Balaji Industries Ltd | 20–40% | Flat | ₹6,599 Cr | 45.1 |
| 4 | 20–40% | Flat | ₹6,366 Cr | 12.1 | |
| 5 | 10–20% | Up 0–2% | ₹7,471 Cr | 19.1 | |
| 6 | 10–20% | Flat | ₹2.97L Cr | 24.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Ferrous Metals rankingFinancials of Jainam Ferro
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jainam Ferro
Quarterly Results
Quarter-by-quarter operating performance
Financials of Jainam Ferro
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 132 | 121 | 102 | 200 | 255 | 190 | 221 | 206 |
| Expenses + | 126 | 118 | 96 | 162 | 225 | 184 | 206 | 197 |
| Operating Profit | 5 | 3 | 5 | 38 | 30 | 6 | 15 | 9 |
| OPM % | 4% | 3% | 5% | 19% | 12% | 3% | 7% | 4% |
| Other Income + | 1 | 1 | 1 | 2 | 3 | 5 | 5 | 6 |
| Interest | 1 | 2 | 1 | 1 | 1 | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 4 | 1 | 4 | 38 | 31 | 8 | 15 | 9 |
| Tax % | 29% | 23% | 27% | 25% | 26% | 27% | 26% | 25% |
| Net Profit + | 3 | 1 | 3 | 28 | 23 | 6 | 11 | 7 |
| EPS in Rs | 3.12 | 0.93 | 3.40 | 26.54 | 22.01 | 5.75 | 10.16 | 5.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Jainam Ferro
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 11 | 11 | 11 | 11 | 12 |
| Reserves | 10 | 10 | 15 | 52 | 77 | 95 | 123 | 136 |
| Borrowings + | 5 | 6 | 3 | 1 | 0 | 10 | 1 | 21 |
| Other Liabilities + | 16 | 14 | 26 | 41 | 25 | 27 | 45 | 34 |
| Total Liabilities | 40 | 39 | 52 | 105 | 112 | 142 | 180 | 202 |
| Fixed Assets + | 2 | 2 | 3 | 3 | 5 | 5 | 17 | 82 |
| CWIP | 0 | 1 | 0 | 1 | 1 | 12 | 0 | 0 |
| Investments | 3 | 3 | 6 | 8 | 10 | 29 | 36 | 27 |
| Other Assets + | 35 | 33 | 44 | 93 | 96 | 96 | 127 | 92 |
| Total Assets | 40 | 39 | 52 | 105 | 112 | 142 | 180 | 202 |
Financials of Jainam Ferro
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | 2 | 5 | -2 | -1 | 4 | -2 | 30 |
| Cash from Investing Activity + | 1 | -1 | -1 | -1 | 0 | -13 | -1 | -61 |
| Cash from Financing Activity + | -7 | -2 | -4 | 6 | -2 | 8 | 3 | 30 |
| Net Cash Flow | 0 | -0 | 0 | 3 | -2 | -1 | -0 | 0 |
| Free Cash Flow | 6 | 1 | 5 | -4 | -3 | -9 | -6 | -38 |
| CFO/OP | 144% | 86% | 113% | 18% | 27% | 112% | 10% | 385% |
Financials of Jainam Ferro
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 21 | 23 | 16 | 22 | 39 | 28 | 17 |
| Inventory Days | 67 | 57 | 138 | 100 | 35 | 58 | 88 | 80 |
| Days Payable | 61 | 59 | 132 | 95 | 51 | 62 | 103 | 82 |
| Cash Conversion Cycle | 19 | 19 | 29 | 21 | 7 | 36 | 13 | 16 |
| Working Capital Days | 31 | 33 | 39 | 23 | 27 | 43 | 30 | 25 |
| ROCE % | 14% | 22% | 85% | 43% | 10% | 13% | 7% |
Continue your research
What Jainam Ferro's management said in earlier quarters
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