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JTL Industries Overview

JTL Infra Ltd manufactures and sells electric powered resistance welding (ERW) black and galvanized steel pipes, development of infrastructural activities and all other activities. The Company's services and products consists of black and galvanized ERW metal pipes and tubes, hollow sections and structural steel which are utilized in engineering and construction projects. It additionally offers scaffolding fittings and systems, mild steels angles/channels, logistics offerings, and packaging and loading services. It designs and resources steel p...Read More

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JTL Industries Key Financials

Market Cap ₹2624 Cr.

Stock P/E 26.6

P/B 2.1

Current Price ₹66.8

Book Value ₹ 32.6

Face Value 1

52W High ₹86

Dividend Yield 0.19%

52W Low ₹ 40.3

JTL Industries Share Price

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Volume
Price

JTL Industries Quarterly Price

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JTL Industries Peer Comparison

JTL Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 502 567 466 516 480 452 469 544 429 471
Other Income 3 1 4 4 8 2 9 6 2 4
Total Income 505 568 470 520 487 454 478 550 431 474
Total Expenditure 465 525 429 476 450 416 452 520 395 432
Operating Profit 40 43 41 44 38 37 27 29 37 42
Interest 1 2 1 1 1 1 1 3 1 3
Depreciation 1 2 2 2 2 2 3 4 5 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 38 40 38 41 35 34 22 22 31 33
Provision for Tax 10 10 9 10 8 9 6 5 9 7
Profit After Tax 28 30 30 31 26 25 17 17 22 26
Adjustments 0 0 0 -0 0 0 -0 -0 -1 -0
Profit After Adjustments 28 30 30 31 26 25 17 16 21 26
Adjusted Earnings Per Share 0.8 0.9 0.8 0.9 0.7 0.6 0.4 0.4 0.5 0.7

JTL Industries Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 436 1355 1550 2041 1916 1913
Other Income 5 4 5 8 22 21
Total Income 440 1359 1555 2049 1939 1933
Total Expenditure 403 1266 1421 1888 1793 1799
Operating Profit 37 93 134 161 145 135
Interest 9 8 6 5 5 8
Depreciation 2 3 4 6 9 18
Exceptional Income / Expenses 0 0 -1 0 0 0
Profit Before Tax 27 82 123 150 132 108
Provision for Tax 7 21 32 37 33 27
Profit After Tax 20 61 90 113 99 82
Adjustments 0 0 0 0 -0 -1
Profit After Adjustments 20 61 90 113 99 80
Adjusted Earnings Per Share 0.9 2.6 2.7 3.2 2.5 2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% 12% 0% 0%
Operating Profit CAGR -10% 16% 0% 0%
PAT CAGR -12% 18% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% -8% 21% 39%
ROE Average 12% 25% 29% 29%
ROCE Average 13% 23% 26% 26%

JTL Industries Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 97 198 407 775 1218
Minority's Interest 0 0 0 0 0
Borrowings 11 10 9 0 11
Other Non-Current Liabilities 3 4 6 4 7
Total Current Liabilities 99 128 141 65 103
Total Liabilities 209 339 563 843 1339
Fixed Assets 28 49 65 111 218
Other Non-Current Assets 1 33 25 73 149
Total Current Assets 180 258 473 659 971
Total Assets 209 339 563 843 1339

JTL Industries Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 0 50 101
Cash Flow from Operating Activities -5 17 4 -22 -246
Cash Flow from Investing Activities -8 -34 -20 -96 -188
Cash Flow from Financing Activities 12 17 66 169 407
Net Cash Inflow / Outflow -0 -0 50 51 -27
Closing Cash & Cash Equivalent 0 0 50 101 74

JTL Industries Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.95 2.58 2.67 3.19 2.51
CEPS(Rs) 1.03 2.71 2.8 3.35 2.75
DPS(Rs) 0.1 0 0.05 0.13 0.13
Book NAV/Share(Rs) 3.83 8.04 9.22 15.29 26.7
Core EBITDA Margin(%) 7.52 6.6 8.35 7.48 6.42
EBIT Margin(%) 8.19 6.64 8.32 7.61 7.1
Pre Tax Margin(%) 6.2 6.08 7.91 7.36 6.87
PAT Margin (%) 4.6 4.51 5.82 5.54 5.16
Cash Profit Margin (%) 5 4.74 6.09 5.81 5.64
ROA(%) 9.58 22.26 19.97 16.06 9.06
ROE(%) 24.68 44.96 35.95 26.52 12.43
ROCE(%) 22.3 39.85 32.01 23.73 13.03
Receivable days 79.67 27.56 29.53 29.86 45.01
Inventory Days 44.47 23.21 33.79 28.45 35.03
Payable days 31.48 9.03 7.4 5.39 5.11
PER(x) 28.13 22.37 29.73 28.8 30.23
Price/Book(x) 6.94 7.18 8.61 6.01 2.85
Dividend Yield(%) 0.38 0 0.06 0.14 0.16
EV/Net Sales(x) 1.43 1.08 1.76 1.55 1.56
EV/Core EBITDA(x) 16.67 15.65 20.35 19.7 20.54
Net Sales Growth(%) 0 211.02 14.36 31.67 -6.1
EBIT Growth(%) 0 152.37 43.2 20.42 -12.34
PAT Growth(%) 0 204.35 47.6 25.39 -12.55
EPS Growth(%) 0 172.72 3.58 19.49 -21.25
Debt/Equity(x) 0.78 0.49 0.34 0.04 0.07
Current Ratio(x) 1.82 2.02 3.35 10.18 9.47
Quick Ratio(x) 1.3 1.11 2.16 7.86 7.35
Interest Cover(x) 4.12 11.67 20.31 30.49 30.09
Total Debt/Mcap(x) 0.11 0.07 0.04 0.01 0.03

JTL Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56 54.3 54.24 48.91 48.91 48.91 48.91 48.91 49.26 49.26
FII 1.62 4.48 5.81 5.6 5 4.86 4.44 3.39 3.34 3.4
DII 0.83 0.07 0.3 1.64 2.22 3.04 3.36 2.21 0.02 0
Public 41.55 41.16 39.64 43.86 43.88 43.19 43.29 45.49 47.38 47.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

JTL Industries News

JTL Industries Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Debtor days have improved from 5.39 to 5.11days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.26%.
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