---
title: "Jainam Ferro Alloys (I) Ltd (JAINAM) — Share Price, Financials & Analysis"
symbol: "JAINAM"
company: "Jainam Ferro Alloys (I) Ltd"
canonical: "https://tapetide.com/stocks/JAINAM"
isin: "INE02KC01010"
nse_symbol: "JAINAM"
sector: "Metals & Mining"
industry: "Ferro & Silica Manganese"
market_cap_cr: 262.33
generated_at: "2026-09-13T19:33:19.912Z"
---

# Jainam Ferro Alloys (I) Ltd (JAINAM)

Canonical page: https://tapetide.com/stocks/JAINAM

## Company

- **NSE Symbol:** JAINAM
- **ISIN:** INE02KC01010
- **Sector:** Metals & Mining
- **Industry:** Ferro & Silica Manganese
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2021-10-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** jainamferro.com

## About

Incorporated in 2014, Jainam Ferro Alloys Ltd is in the business of manufacturing Ferro 
Alloy Metals[1]

## Latest Price

- **Price:** ₹216
- **Change:** -8 (-3.57%)
- **Open:** ₹213.5
- **Day High:** ₹216
- **Day Low:** ₹213.5
- **Previous Close:** ₹224
- **Volume:** 1500
- **As Of:** 2026-09-11T09:38:04+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:47.725725Z.

- **Market Cap:** ₹262.33 Cr
- **Classification:** SME
- **P/E (reported):** 40.3
- **Book Value:** ₹125.03
- **Price to Book:** 1.79
- **Dividend Yield:** 0%
- **ROE:** 7.53%
- **ROCE:** 11.44%
- **Debt to Equity:** 0.14
- **Revenue (yearly):** ₹206.21 Cr
- **Net Income:** ₹6.66 Cr
- **EBITDA:** ₹8.66 Cr
- **52-Week High:** ₹315
- **52-Week Low:** ₹169
- **RSI (14):** 45.8

## Key Insights

### Strengths

- Debtor days have improved from 28.2 to 17.3 days.
- Company's working capital requirements have reduced from 33.0 days to 25.5 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.59% over last 3 years.
- Earnings include an other income of Rs.5.51 Cr.
- Promoter holding has decreased over last 3 years: -7.22%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -169.77% | 76.49% | -150.31% |
| ebitda margin growth | 480% | -51.65% | -24.82% | — |
| net income growth | 381.82% | -33.4% | -34% | 16% |
| revenue growth | — | -9.08% | -7% | 15% |
| roce | — | 37.83% | 37.83% | — |
| roe | — | 47.94% | 6.31% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35 | 66 | 90 | 110 | 165 | 90 | 99 | 90 | 114 | 107 | 108 | 97 |
| Expenses | 34 | 62 | 69 | 93 | 138 | 88 | 93 | 91 | 102 | 104 | 101 | 96 |
| Operating Profit | 2 | 4 | 20 | 17 | 28 | 3 | 6 | 0 | 12 | 3 | 7 | 2 |
| OPM % | 4.3 | 6 | 23 | 16 | 17 | 2.8 | 6 | -0.4 | 10 | 2.9 | 7 | 1.6 |
| Other Income | 1 | 0 | 1 | 1 | 1 | 2 | 3 | 3 | 2 | 2 | 3 | 3 |
| Interest | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 2 |
| Profit before tax | 1 | 3 | 20 | 17 | 28 | 3 | 7 | 1 | 11 | 4 | 7 | 2 |
| Tax % | 29 | 27 | 25 | 25 | 28 | 12 | 25 | 42 | 23 | 36 | 26 | 22 |
| Net Profit | 1 | 2 | 15 | 13 | 20 | 3 | 6 | 0 | 8 | 2 | 6 | 1 |
| EPS in Rs | 1.09 | 2.31 | 16.3 | 12.25 | 19.33 | 2.69 | 5.24 | 0.46 | 7.95 | 2.21 | 4.7 | 1.05 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 % | 4.1 | 2.6 | 5 | 19 | 12 | 3.1 | 7 | 4.3 |
| 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 | 3.4 | 26.54 | 22.01 | 5.75 | 10.16 | 5.76 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 |

### Ratios

| Item | 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 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% | 66.25% | 66.25% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.17% | 21.36% | 21.37% | 20.99% | 20.79% | 20.33% | 18.6% | 16.08% |
| Others | 5.36% | 5.17% | 5.16% | 5.54% | 5.74% | 6.2% | 15.15% | 17.67% |
| No. of Shareholders | 437 | 451 | 488 | 534 | 542 | 422 | 479 | 475 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 7 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 219.42 | Sell |
| EMA (10) | 220.87 | Sell |
| SMA (20) | 228.52 | Sell |
| EMA (20) | 227.27 | Sell |
| SMA (50) | 247.97 | Sell |
| EMA (50) | 235.68 | Sell |
| SMA (100) | 232.78 | Sell |
| EMA (100) | 239.26 | Sell |
| SMA (200) | 251.7 | Sell |
| EMA (200) | 235.54 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.15 | Neutral |
| MACD (12,26,9) | -8 | Sell |
| Stochastic (14,3,3) | 42.49 | Neutral |
| ADX (14) | 20.19 | Neutral |
| Williams %R (14) | -59.94 | Neutral |
| ATR (14) | 8.35 | High Volatility |
| ROC (12) | -8.09 | Sell |
| Stoch RSI (14) | 78.27 | Neutral |
| UO (7,14,28) | 49.22 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 April 2026 - Promoters declare 66.25% shareholding and no encumbrance for FY2026. | [Disclosure under SEBI Takeover Regulations 9 April 2026 - Promoters declare 66.25% shareholding and no encumbrance for FY2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_09042026133447_38.pdf) |
| 8 April 2026 - Received Regulation 74(5) certificate for quarter ended 31 March 2026; no dematerialisation requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Received Regulation 74(5) certificate for quarter ended 31 March 2026; no dematerialisation requests received.](https://nsearchives.nseindia.com/corporate/JAINAM_08042026142745_NSEJFALREG7408042026.pdf) |
| 7 November 2025 - Trading window closed from Oct 1, 2025 until Nov 15, 2025; board meeting Nov 13 for H1 results. | [Trading Window 7 November 2025 - Trading window closed from Oct 1, 2025 until Nov 15, 2025; board meeting Nov 13 for H1 results.](https://nsearchives.nseindia.com/corporate/JAINAM_07112025155851_NSEJFALREG3007112025.pdf) |
| 5 Sep - 12th AGM scheduled for 29 September 2026; approvals include FY26 standalone and consolidated financials, director reappointment, cost auditor ratification. | [Shareholders meeting 5 Sep - 12th AGM scheduled for 29 September 2026; approvals include FY26 standalone and consolidated financials, director reappointment, cost auditor ratification.](https://nsearchives.nseindia.com/corporate/JAINAM_05092026140829_NSEJFALAGMINTIMATION0502026__2_.pdf) |
| 5 May 2026 - Company replied to NSE price movement query, stating no undisclosed price-sensitive information. | [Price movement 5 May 2026 - Company replied to NSE price movement query, stating no undisclosed price-sensitive information.](https://nsearchives.nseindia.com/corporate/ramnivasy_05052026171848_NSECLARIFICATION.pdf) |
| 4 Sep - Board approved FY2025-26 Directors’ Report, appointed scrutinizer, and set AGM for 29 September 2026. | [Outcome of Board Meeting 4 Sep - Board approved FY2025-26 Directors’ Report, appointed scrutinizer, and set AGM for 29 September 2026.](https://nsearchives.nseindia.com/corporate/JAINAM_04092026160834_NSEJFALREG30BMOUTCOME04092026.pdf) |
| 31 March 2026 - Commissioning of 20.7MWp/27MWp and 4.4MWp/6MWp captive solar plants delayed to May 31, 2026. | [General Updates 31 March 2026 - Commissioning of 20.7MWp/27MWp and 4.4MWp/6MWp captive solar plants delayed to May 31, 2026.](https://nsearchives.nseindia.com/corporate/JAINAM_31032026160444_NSEJFALREG30SOLAR31032026.pdf) |
| 31 March 2026 - Commissioning of 20.7MWp AC/27MWp DC and 4.4MWp AC/6MWp DC captive solar projects delayed to May 31, 2026. | [Updates 31 March 2026 - Commissioning of 20.7MWp AC/27MWp DC and 4.4MWp AC/6MWp DC captive solar projects delayed to May 31, 2026.](https://nsearchives.nseindia.com/corporate/JAINAM_31032026160256_NSEJFALREG30SOLAR31032026.pdf) |
| 30 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 30 April 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=JAINAM&tabIndex=sme) |
| 25 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026. | [Trading Window 25 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/JAINAM_25032026124109_NSEJFALTRDNG25032026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31498_JAINAM_2025_2026_A_5696967_05092026141318.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28611_JAINAM_2024_2025_A_11318451_05092025174546.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25577_JAINAM_2023_2024_03092024175337.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23431_JAINAM_2022_2023_04092023191516_09042023200000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21214_JAINAM_2021_2022_03092022154144_09032022160001.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2022 | [Concall - Nov 2022](https://archives.nseindia.com/corporate/JAINAM_17112022191209_NSEJFALCONCLTRNSCRPT15112022.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:33:19.912Z.