Jai Balaji Industries:AVOID

Sir, Please let me know your thoughts on Jai Balaji Industries. It is trading in all time lows for the past one year.Can we buy this stock ay CMP? Thanks in advance Varshini 
1-Varshini ji Jai balaji industries is a 10 rupee face value iron and steel company traded at 26.75 
2-Promoters Holding in jai balaji industries ltd is 52.04% FII hold 4.03% 
3-Jai bala ji industries is a loss making company in last some quarter jay balai industries make losses in his balance sheets. 
4-Year High of jay balaji industries is 44.20 and year low 23.20 , ratio is near danger zone.
5-Net revenue of company is also down quarter by quarter. 
6-So overall i think jay balaji industries is an AVOID at CMP. 
7-I Have no any share of jay bala ji industires ltd.