Jai Corp Ltd. is a listed company and is engaged in the manufacturing industry. It is listed on both the leading stock exchanges of India: NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). In this article, we are going to learn about Jai Corp Ltd shares, the top reasons to invest in their shares and fundamentals of Jai Corp Ltd. stock, and know how to check Jai Corp share price
About Jai Corp Ltd
The company was founded in 1985 and the MD/CEO is Shri. Gaurav Jain. It manufactures steel and processes plastic and spin yarn. They also provide investment advisory services and focus on venture capital and real estate business. 73.01% of shares of the company are held by promoters, 24.66% of shares are held by the public, 0.73% shares are held by foreign investors, and 1.61% shares are held by domestic investors. Some of the top peers of Jai Corp are GKW, Godawari power, Good Luck, Gopal Iron, Gyscoal Alloys, Hariom Pipe, Nilkamal, Cosmo First, and Jindal Poly Films.
Top reasons to invest in Jai Corp shares
● The revenue of the company has grown to Rs. 195 Crores in June 2022 from Rs. 168 Crores in March 2022.
● The company has reduced debt by Rs. 91.87 crores and is almost debt free.
● The company has delivered healthy profit growth of 65.6% CAGR in the last 5 years.
● The company has maintained a good dividend payout of 17.8%.
● The stock price CAGR in the last 10 years is 11% and has a healthy interest coverage ratio of 20.40.
● The net profit of the company is growing by 28.35% in the last 3 years.
Fundamentals of Jai Corp Ltd share (Data as of 11 November 2022)
Market price Rs. 161.45
Market cap Rs. 2,922 Cr.
52 week low Rs. 95.85
52 week high Rs. 218.25
Return on equity (ROE) 4.35%
P/E ratio 2.41
P/B ratio 2.41
Sector P/E 52.29
Debt to equity ratio 0.01
Earnings per share 3.10
Dividend yield 0.31%
Book value 81.27
Face value 1
Beta 1.57
Conclusion
Investing in Jai corp Ltd shares can give you good returns as the stock price is likely to rise in the future. However, investing in the share market is risky. So, understand the fundamentals metrics, study the financials, balance sheet, cash flow statement, management, and business model and check whether the Jai Corp share price is overvalued or undervalued before investing in any shares. Also, it is important to analyze your expected returns from the market, and investment objective and have an understanding of the brokerage calculator.