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Jai Mata Engineering Limited Unlisted Shares
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₹215
Fundamentals About Jai Mata Engineering Limited
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Key Financials of Jai Mata Engineering Limited
| Particulars | FY24 | FY25Latest |
|---|---|---|
| Revenue | 216 | 303▲40% |
| EBITDA | 13 | 20▲54% |
| OPM (%) | 6.02 | 6.6▲10% |
| PBT | 7.87 | 15▲91% |
| PAT | 5.67 | 11▲94% |
| EPS (₹) | 21.89 | 7▼68% |
| Particulars | FY24 | FY25Latest |
|---|---|---|
| Share capital | 2.59 | 15.71▲507% |
| Reserves | 18 | 39▲117% |
| Borrowings | 28 | 57▲104% |
| Total assets | 88 | 141▲60% |
| Total liabilities | 88 | 141▲60% |
| Investments | 0 | 0 |
About Company
Jai Mata Engineering Limited (JMEL) is a stainless steel manufacturer and exporter. Its registered address is 15th Floor, Eros Corporate Tower, Nehru Place, New Delhi, and its website lists an office at E-223, Kavi Nagar Industrial Area, Ghaziabad.
The following table shows a 10-point analysis of Jai Mata Engineering Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated 13 September 1996 | Stainless steel manufacturer and exporter, flagship company of the JMEL Group |
| Industry | Metals, Stainless Steel | Produces rolled stainless steel products for B2B customers |
| Core Business | Wire rods, rounds, flats, billets/ingots, sheet/coil | Customers generally process the material into other products |
| Geographic Presence | Ghaziabad (U.P.), New Delhi, Mumbai, Ahmedabad, Vadodara, Indore | Also lists a physical presence in the USA through a group company in Houston, Texas |
| Key Assets | 100,000 TPA capacity (company-reported) | 20-ton induction furnace, 35 T AOD converter, rolling mill and oxygen gas plant |
| Business Model | B2B manufacturing + export | Sells to processors and exporters across several countries |
| Certifications | ISO 9001:2015 (company-reported) | Certificate details not independently verified |
| Product Portfolio | 5 steel product lines | Wire rods, rounds, billets/ingots, flats, sheet/coil; menu also lists pipes and fittings categories |
| Corporate Structure | Unlisted Public Limited Company | CIN U27106DL1996PLC081922; RoC Delhi; status Active |
| Outlook | Long-term growth, mixed latest year | 5-year revenue CAGR of 27%, but FY24 revenue fell 12% and open charges are ₹110.59 Cr |
The company makes stainless steel wire rods, round bars, flats, billets/ingots, and sheet/coil. It sells to B2B customers who process the material into other products. The website lists applications such as wire drawing, bright bar, fasteners, automobile, surgical, kitchenware, bearings, springs, pump shafts, and forgings.
The company states that it serves markets including the UK, Germany, Italy, Korea, Malaysia, Thailand, Taiwan, Turkey, UAE, Vietnam, Egypt, Brazil, and South Africa. It says it collaborates with production mills in several countries.
Challenges in Jai Mata Engineering's Business
Here are the challenges associated with the company:
- Leverage: Registry data shows open charges of ₹110.59 Cr, mainly with HDFC Bank (₹71.04 Cr) and Yes Bank (₹30 Cr).
- Raw material and price cyclicality: Stainless steel margins depend on input costs and steel demand cycles. This is a general sector risk.
- Competition: The company competes with larger and established stainless steel producers and traders.
- Pending litigation: Court-record aggregators list 31 cases involving the company, of which 4 are pending. A case filed against a company is not a finding against it.
- Limited disclosure: Detailed financials are available only through paid data providers, and the company website is outdated.
Financial Review of Jai Mata Engineering Limited
Jai Mata Engineering is a mature company. The latest financial statements I could verify are for the year ended 31 March 2024 (MCA-derived data updated 10 August 2026).
| Particulars (FY 2023-24) | Details |
|---|---|
| Revenue | ₹215.87 Cr (down 12% year on year) |
| EBITDA | ₹13.16 Cr (margin 6.1%) |
| Net profit | ₹5.68 Cr (margin 2.6%) |
| Revenue CAGR | 39% over 3 years, 27% over 5 years |
- Capital: Authorised capital is ₹20 Cr and paid-up capital is ₹15.71 Cr.
- Charges: Open charges total ₹110.59 Cr, with ₹23.5 Cr satisfied. These include HDFC Bank ₹71.04 Cr (registered 13 September 2023, modified 21 March 2025) and Yes Bank ₹30 Cr (registered 22 September 2025).
- Funding: Registry data records 9 deals, with disclosed funding of ₹28.41 Cr. The latest was a ₹20.95 Cr round in December 2024, with Babli Investment Private Limited and three individuals as investors.
- FY 2024-25: Another aggregator places revenue for the year ending 31 March 2025 between ₹100 Cr and ₹500 Cr.
Recent Developments
A ₹30 Cr charge in favour of Yes Bank was registered on 22 September 2025. A ₹5 Cr charge registered on 24 July 2025 was modified on 13 November 2025. Sumit Kumar was appointed Nominee Director on 26 December 2024, and the December 2024 funding round of ₹20.95 Cr was recorded. Directors Ajay Sharma and Dhavalkumar Deepak Thakkar ceased to be directors on 12 August 2025.
Quick Summary
Jai Mata Engineering Limited is a long-established, promoter-run stainless steel manufacturer with a stated capacity of 100,000 TPA and an export-oriented B2B model. Its revenue has grown strongly over five years, and its profit has stayed positive. However, FY24 revenue declined, borrowings secured through charges are significant, and several court cases are on record. Verified financials after FY24 are limited, which investors should monitor.
Visit the official website of Jai Mata Engineering
Shareholding Pattern of Jai Mata Engineering Limited
| Name | Holding |
|---|---|
| Promoters | 74.12% |
| Others | 25.88% |
Promoters of Jai Mata Engineering Limited
The following are the current directors of the company:
| Name | Designation | Appointed |
|---|---|---|
| Manoj Bansal | Director | 13 September 1996 |
| Akshay Bansal | Director | 21 January 2014 |
| Varsha Bansal | Director | 26 October 2023 |
| Sumit Kumar | Nominee Director | 26 December 2024 |
Note: Management details are based on MCA-derived records updated in August 2026. The company's auditor for FY2023 is listed as Gupta Mittal Goel & Associates.
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Frequently Asked Questions
Jai Mata Engineering is an unlisted public limited company. Its unlisted shares are the ones traded in the pre-IPO market.
Yes, you can invest through unlisted platforms that facilitate the trading of pre-IPO shares in India.
Yes, the company makes stainless steel wire rods, round bars, flats, billets/ingots, and sheet/coil.
Its strengths are about 30 years of operations, a stated capacity of 100,000 TPA, an integrated production setup, and export markets across several countries.
No, it is not listed on any stock exchange as of October 2026.
Growth will depend on steel demand, input costs, and export markets. Investors should watch its leverage and its latest financial disclosures.
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