Dalmia Bharat faces uncertainty in tolling arrangements with Jaiprakash Associates due to insolvency, impacting capacity expansion plans.

Jaiprakash going into insolvency was a surprise which we did not anticipate: Puneet Dalmia

Insolvency appellate tribunal NCLAT has issued a notice to ICICI Bank over the plea of Jaiprakash Associates Ltd and said the private sector lender may consider the one-time settlement proposal submitted by the debt-ridden company by June 24, the next date of hearing.

NCLAT asks ICICI to consider OTS proposal in Jaiprakash Associates case

The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order

Suspended board of Jaiprakash Associates moves NCLAT over insolvency order

In September 2018, ICICI Bank had filed an insolvency petition against JAL under Section 7 of IBC.

Jaiprakash Associates Challenges Insolvency Proceedings Before Appellate Tribunal

The NCLT, which on June 3 ordered initiation of insolvency proceedings against Jaiprakash Associates Ltd (JAL), rejected the company’s contention that it faced a liquidity crunch and defaulted on debt repayments mainly due to delays in government approvals and prolonged litigation concerning land ac…

NCLT rejects JAL’s claim of liquidity crunch due to delay in government approvals, litigations

According to the details, the loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).

Jaypee Group’s flagship firm Jaiprakash Associates defaults on Rs 4,044 cr loans, including principal, interest amount

Jaiprakash Associates Ltd (JAL) informs that the company on June 30 defaulted on repayments of a principal amount of Rs 1,660 crore and interest of Rs 2,384 crore

Jaiprakash Associates Defaults on Rs 4,044-Crore Loans - News18

Jaiprakash Associates, the flagship firm of the crisis-hit Jaypee Group, has defaulted on loans of INR40.44bn ($538.8m), covering both principal and interest amounts, according to a regulatory filing. The loans were fund-based working capital, non-fund-based working capital, term loans and foreign c…

Jaiprakash Associates defaults on Rs 4,044 crore loans

The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).

Jaiprakash Associates defaults on Rs 3,961-crore loans on May 31

Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates has defaulted on loans worth Rs 3,961 crore, including principal and interest amount.

Crisis-hit Jaiprakash Associates defaults on Rs 3,961-crore loans on May 31

The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB

Jaiprakash Associates Defaults on Rs 3,961-Crore Loans on May 31

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Default probability

Red flags

Jaiprakash Associates Limited is a diversified infrastructure company. The Company's principal business activities include engineering, construction & real estate development, and manufacturing of cement.