Jai Balaji aims 25% growth in sales, to turn debt-free in 15 months

Jai Balaji Industries expects 25% revenue growth driven by ductile pipes and ferro-alloys. Operating margins at 15%, profitability 17-18%. Aiming for 15-20% market share, Rs 300-350 crore capex for full year 2023-24 revenue of Rs 6,413.80 crore. Targeting 80% revenue from value-added products and 660,000 tonne pipe capacity by 2026. Debt reduction planned.