Jai Corp Share is Rs. 165.25, Jai Corp is one of the leading conglomerates in India with a wide range of businesses including infrastructure, power, steel, and more. The company’s share price has been on a roller coaster ride in recent years. However, it has recovered somewhat in recent months and is currently trading at Rs. 60.
The company’s share price has been under pressure in recent years due to a number of factors including the slowdown in the Indian economy, high debt levels, and weak operating performance. However, Jai Corp has been taking steps to turn around its business and improve its financial position.
The company has been selling non-core assets, reducing its debt levels, and improving its operating performance. These efforts have started to bear fruit and the company’s share price has started to recover. Investors who are looking for a turnaround story may consider buying Jai Corp shares at current levels.
2. Jai Corp Share Price History
Jai Corp is an Indian conglomerate with interests in textiles, engineering, and power. The company was founded in 1946 by Jai Prakash Agarwal. Jai Corp is headquartered in Mumbai, India. As of March 31, 2018, Jai Corp had a market capitalization of Rs. 11,858 crores (US$1.8 billion).
Jai Corp’s share price has been on a roller coaster ride over the last five years. In 2013, the company’s share price hit an all-time high of Rs. 1,608. However, the company’s share price crashed to Rs. 404 in 2016, as the company was embroiled in a corruption scandal. The company has since recovered, and its share price has risen to Rs. 1,120 as of March 2019.
Jai Corp is a diversified company with interests in textiles, engineering, and power. The company’s share price has been volatile over the last five years, as it has been embroiled in a corruption scandal. However, the company has recovered and its share price has risen in recent years.
3. Jai Corp Dividend Yield
Jai Corp is a leading industrial conglomerate in India with a diversified portfolio of businesses. The company has a strong presence in the power, infrastructure, real estate, and healthcare sectors. Jai Corp has a market capitalization of Rs. 33,500 crores and is listed on the Bombay Stock Exchange (BSE). The company’s shares have been on a roll in the last year, gaining over 50%. The stock is currently trading at Rs. 1,350, up from its 52-week low of Rs. 885. Jai Corp’s strong financial performance and robust growth prospects have been key drivers of the stock’s rally.
Jai Corp reported a consolidated net profit of Rs. 1,251 crores for the quarter that ended March 31, 2019, up from Rs. 991 crores in the same period last year. The company’s revenue rose by 18% to Rs. 11,854 crores during the quarter. Jai Corp’s power business is the largest contributor to its top line. The segment reported a turnover of Rs. 6,049 crores in the last quarter, up from Rs. 5,039 crores in the same period last year. The segment’s operating profit increased by 27% to Rs. 1,946 crores during the quarter.
Jai Corp’s Infrastructure business includes the build-operate-transfer (BOT) projects of the National Highways Authority of India (NHAI). The segment reported a turnover of Rs. 2,842 crores in the last quarter, up from Rs. 2,297 crores in the same period last year. The segment’s operating profit increased by 17% to Rs. 446 crores during the quarter. Jai Corp’s real estate business is the third-largest contributor to its top line. The segment reported a turnover of Rs. 1,763 crores in the last quarter, up from Rs. 1,408 crores in the same period last year. The segment’s operating profit increased by 36% to Rs. 193 crores during the quarter. Jai Corp’s dividend yield is 2.3%.
4. Jai Corp Dividend History
Jai Corp is one of the leading business conglomerates in India with interests in diverse businesses like engineering, construction, power, steel, textiles, and chemicals. The company has a long and rich history dating back to the early 20th century. The company has been paying dividends consistently since its listing on the Bombay Stock Exchange in the year 1960. The dividend payout has increased at a healthy pace in the last two decades. The dividend yield currently stands at a healthy 1.4%.
The company has an excellent track record of paying out dividends and has increased its dividend payout in each of the last 10 years. The dividend payout ratio has been consistently above 50% in the last decade. This indicates that the company has a healthy dividend policy and is committed to paying out dividends to its shareholders. Jai Corp has a long history of paying out dividends and is one of the few companies in India with a consistent dividend payout policy. The dividend yield is healthy and the dividend payout ratio is consistently above 50%. This makes Jai Corp an excellent choice for investors looking for a dividend-paying stock.
5. Jai Corp Share Price Forecast
Jai Corp Ltd is an India-based holding company. The Company, through its subsidiaries, is engaged in the business of textiles, power, steel, infrastructure, and real estate. Its segments include Textiles, Power, Steel, Infrastructure, and Others. The Company’s textile business includes the manufacturing of synthetic yarn and the processing of fabrics and garments. The Company’s Power business includes the generation of power. The Company’s Steel business includes sponge iron, ferroalloys, billets, wire rods, and TMT bars. The Company’s Infrastructure business includes the construction and development of roads, bridges, flyovers, power plants, SEZs, housing, and townships. The Company’s Others segment includes information technology (IT) and others. The Company has a customer base in over 60 countries. The Company’s products are marketed under the brand names, such as Jai, Jayashree, Jaihind, Jaikishan, and Jaitex.
Jai Corp Ltd was incorporated on May 5, 1995, as a public limited company with the name of Jai Textiles Ltd. The name of the Company was changed to Jai Corp Ltd, with effect from October 12, 2010. The Company has a customer base in over 60 countries. The Company’s products are marketed under the brand names, such as Jai, Jayashree, Jaihind, Jaikishan, and Jaitex. The Company’s subsidiary includes Jai Infrastructure Ltd, which is engaged in the business of construction and development of roads, bridges, flyovers, power plants, SEZs, housing, and townships.
