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JTL Industries Ltd

₹ 57.1-1.70%
07 Jan 3:15 p.m. – close price
🔗jtl.one•BSE: 534600•NSE: JTLIND
Market Cap₹ 2,182 Cr.
Current Price₹ 57.1
High / Low₹ 112
Stock P/E28.1
Book Value₹ 32.7
Dividend Yield0.21 %
ROCE13.0 %
ROE9.80 %
Face Value₹ 1.00
Sales₹ 1,793 Cr.
OPM5.74 %
Mar Cap₹ 2,182 Cr.

ABOUT

JTL Infra Ltd is an integrated manufacturer and supplier of steel tubes, pipes and allied products with manufacturing facilities in India.[1]

KEY POINTS

Product Portfolio[1][2][3]1. Electric Resistance Welded (ERW) Pipes & Tubes:JTL manufactures MS black pipes and various hollow sections (square, rectangular, round) used in construction, infrastructure, scaffolding, liquid transmission, and structural applications.

Also present in buckets:
Aggressive Growth TriggersAggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuancePreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor PerformanceRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.APL Apollo Tubes1950.0051.6754139.060.30301.54460.385206.309.0622.3621317.407.401048.79301.5411.7410.020.16
2.Shyam Metalics825.1023.7323031.150.54260.4521.474457.0222.6512.0516767.7312.46970.37261.762.105.920.10
3.Welspun Corp791.0511.7220867.160.63443.5148.674373.6132.4621.2415463.5813.001773.93439.682.508.930.19
4.Godawari Power274.9524.8218415.980.35161.651.781307.683.1623.255396.6120.82743.44161.443.5413.860.04
5.Ratnamani Metals2285.4526.4216019.150.61156.0435.691191.6922.6921.515374.7616.84606.49136.224.1612.110.06
6.Usha Martin454.0032.7813835.250.66109.8016.20907.561.8418.753551.3716.89421.99127.504.6511.500.09
7.Gallantt Ispat L564.9527.6713631.140.2288.9381.901012.757.4519.204331.0017.56492.7088.934.3711.960.21
8.JTL Industries57.1228.142182.210.2119.91-24.47370.91-22.6513.011792.725.7477.5219.911.749.050.12
–Median: 82 Co.164.522.8923.360.010.4612.73201.638.9613.98739.18.3533.8310.522.36.80.26

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
343567452505516504471466466366502480371
Expenses
314525416469476483418429449334465450341
Operating Profit
29433536402153371732373029
Other Income
112145039-0383
Profit before tax
28403434412150382229383527
Tax %
26%25%26%25%25%24%27%23%25%27%26%24%27%
Net Profit
20302525311637291721282620
EPS in Rs
0.780.880.650.750.890.421.090.850.440.800.820.690.52

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
97119951131703222304351,3551,5472,0401,9111,793
Expenses
94117931101552982134031,2651,4181,8871,7891,690
Operating Profit
32221524163389129153123103
Other Income
-011101354482319
Interest
2211234986546
Depreciation
10000112346912
Profit before tax
11221321142782123150132104
Net Profit
1111814102061901139978
EPS in Rs
0.030.040.060.070.400.720.480.952.582.673.282.592.03
Dividend Payout %
0%0%0%0%0%0%0%11%0%2%4%5%–

Compounded Profit Growth

10 Years:62%
5 Years:57%
3 Years:17%
TTM:-33%

Compounded Sales Growth

10 Years:32%
5 Years:53%
3 Years:12%
TTM:-12%

Return on Equity

10 Years:18%
5 Years:18%
3 Years:16%
Last Year:10%

Stock Price CAGR

10 Years:38%
5 Years:36%
3 Years:-8%
1 Year:-46%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
10101010101011111317353939
Reserves
5346143451861843907391,1791,211
Borrowings
171561121355863941052053150
Other Liabilities
19811222729224947494943106
Total Liabilities
52363148721081412093395628431,3151,507
Fixed Assets
533461924284965106189193
Gross Block
9.9811.4512.214.716.8521.0626.7433.2572.8990.80136.77229.26–
Accumulated Depreciation
4.958.358.770.340.841.583.064.7724.3025.4431.0040.11–
CWIP
0000200034663116
Investments
00000000121661150
Other Assets
4733274464881171812754767251,0521,148
Total Assets
52363148721081412093395628431,3151,507

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
2410-4-5-5-20-5177-23-215
Cash from Investing Activity
-0-11-1-4-13-6-8-34-23-91-210
Cash from Financing Activity
0-4-10491827121766171384
Net Cash Flow
2-21-1000-0-05057-41

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
724828546863818030333453
Inventory Days
592742564728754936463143
Days Payable
1210273550820318855
Cash Conversion Cycle
11965437565841369858716091
Working Capital Days
4436456637295764356687147
ROCE %
8%9%6%13%40%38%18%26%40%32%23%13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
43.71%56.26%56.20%55.78%56.00%54.30%54.24%48.91%48.91%48.91%48.91%48.91%
FIIs
1.21%0.52%0.72%2.35%1.62%4.48%5.82%5.60%5.00%4.86%4.44%3.39%
DIIs
2.27%1.41%0.70%1.07%0.83%0.07%0.30%1.64%2.22%3.04%3.36%2.21%
Public
52.82%41.82%42.39%40.81%41.55%41.15%39.65%43.87%43.88%43.21%43.28%45.49%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

JTL Industries Achieves Record Sales Volumes in Q4 FY26 and FY26

2nd April 2026, 1:30 pm

JTL Industries Subsidiary Renamed JTL Defence; Adopts New Logo

2nd April 2026, 3:07 am

JTL Industries to Close Trading Window from April 1, 2026, for Financial Results

31st March 2026, 6:10 pm

JTL Industries Appoints Investor Relations Agency

30th March 2026, 10:15 pm

JTL Industries Management to Participate in 'Bharat Connect Conference'

5th March 2026, 10:23 pm

Published by Other Websites

External media mentions & references

Geopolitical Fears Trigger Midday Sell-off; Nifty Plunges 1400 Points

13th March 2026, 3:59 pm

Indian Markets Crash: Mid/Small Caps Plummet Amid Geopolitical Fears

8th March 2026, 12:50 pm

Indian Markets Rally: Top 3 Price-Volume Breakout Stocks Emerge

22nd January 2026, 5:43 pm

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

JTL Industries Stock Surges 20% on PSTCL Transmission Tower Deal

12th January 2026, 4:22 pm

News Articles

Editorial & research coverage

Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares
Sub-Rs 100 Stocks Surge: Buyers Dominate Dozen Penny Shares

12th January 2026, 4:28 pm

JTL Industries Stock Surges 20% on PSTCL Transmission Tower Deal
JTL Industries Stock Surges 20% on PSTCL Transmission Tower Deal

12th January 2026, 4:22 pm

Indian Markets End 6-Day Rally: Top 3 Price-Volume Breakout Stocks Emerge Amidst Sectoral Weakness
Indian Markets End 6-Day Rally: Top 3 Price-Volume Breakout Stocks Emerge Amidst Sectoral Weakness

18th November 2025, 8:42 pm

JTL Industries Q3 PAT Surges 19.5% QoQ Amidst Capacity Expansion Push
JTL Industries Q3 PAT Surges 19.5% QoQ Amidst Capacity Expansion Push

Documents

Announcements

Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
Q3 FY26 Business Performance Update

2 Jan - Q3 FY26 sales 90,429.10 MT; 9M sales 272,639 MT (+3.35% YoY); exports 9,591.77 MT.

Closure of Trading Window
Announcement Under Regulation 30-General

24 Dec - Assistant Commissioner issued GST demand Rs31.50L plus Rs31.50L penalty; received Dec 23, 2025; dispute for 2017-2019.

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

16 Oct 2023 from care

Rating update

6 Sep 2023 from care

Rating update

30 Aug 2023 from care

Rating update

19 Sep 2022 from infomerics

Rating update

5 Sep 2022 from care

Rating update

13 Dec 2021 from brickwork

Concalls

Nov 2025

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Stock Analysis

Description

  1. JTL Industries Limited is an integrated steel tube, pipe, and allied product manufacturer based in India, primarily serving the construction and infrastructure sectors.

Key Growth Triggers

  1. The order from Punjab State Transmission Corporation Limited (PSTCL) for 220kV transmission tower material and substation structures is a key growth trigger, reinforcing the company's capabilities in the power transmission infrastructure segment.

Order Book

  1. Order book status not explicitly quantified in monetary terms, but a significant order from PSTCL for 220kV transmission tower material and substation structures has been secured for completion within FY 2025-26.

Key Red Flags

  1. No new red flags identified in this specific announcement.

Key Dates To Watch

  1. The order is to be completed within FY 2025-26, but no specific milestones or further dates are provided in this announcement.

Corporate Announcements

2nd Apr 26
Impact Rating: 9
JTL Industries achieved its highest-ever sales volumes in Q4 FY26 (1,23,262 MT) and FY26 (3,95,900 MT), reporting robust year-over-year growth of 50.5% and 14.5% respectively, fueled by expansion and strong market demand.
1st Apr 26
Impact Rating: 5
JTL Industries revealed its subsidiary, formerly RCI Industries & Technologies Limited, is now JTL Defence Limited, effective April 1, 2026. The company also officially adopted its new logo.
31st Mar 26
Impact Rating: 6
JTL Industries announced the closure of its trading window for promoters, directors, and other designated persons from April 1, 2026. This is in accordance with SEBI's Prohibition of Insider Trading Regulations, pending the declaration of audited financial results for the quarter and year ended March 31, 2026.
30th Mar 26
Impact Rating: 4
Pursuant to SEBI regulations, JTL Industries Limited has appointed Churchgate Advisory Private Limited as its Investor Relations Agency with immediate effect.
5th Mar 26
Impact Rating: 7
JTL Industries Limited has announced that its management will attend the 'Bharat Connect Conference: Rising Stars-March 2026' on Wednesday, March 11, 2026. The virtual conference is hosted by Arihant Capital Markets Limited.