JTL Industries Ltd
JTL Infra Ltd is an integrated manufacturer and supplier of steel tubes, pipes and allied products with manufacturing facilities in India.[1]
- Market Cap ₹ 3,018 Cr.
- Current Price ₹ 79.0
- High / Low ₹ 124 / 59.7
- Stock P/E 30.6
- Book Value ₹ 31.9
- Dividend Yield 0.16 %
- ROCE 13.2 %
- ROE 9.92 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company's median sales growth is 19.0% of last 10 years
Cons
- Debtor days have increased from 40.0 to 52.8 days.
- Promoter holding has decreased over last 3 years: -6.35%
- Working capital days have increased from 112 days to 157 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
97 | 119 | 95 | 113 | 170 | 322 | 230 | 435 | 1,355 | 1,547 | 2,039 | 1,913 | |
94 | 117 | 93 | 110 | 155 | 298 | 213 | 403 | 1,265 | 1,418 | 1,887 | 1,790 | |
Operating Profit | 3 | 2 | 2 | 2 | 15 | 24 | 16 | 33 | 89 | 129 | 152 | 123 |
OPM % | 3% | 2% | 2% | 2% | 9% | 7% | 7% | 8% | 7% | 8% | 7% | 6% |
-0 | 1 | 1 | 1 | 0 | 1 | 3 | 5 | 4 | 4 | 8 | 23 | |
Interest | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 9 | 8 | 6 | 5 | 4 |
Depreciation | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 4 | 6 | 9 |
Profit before tax | 1 | 1 | 2 | 2 | 13 | 21 | 14 | 27 | 82 | 123 | 150 | 132 |
Tax % | 35% | 33% | 23% | 36% | 37% | 30% | 26% | 26% | 26% | 26% | 25% | 25% |
1 | 1 | 1 | 1 | 8 | 14 | 10 | 20 | 61 | 90 | 113 | 99 | |
EPS in Rs | 0.03 | 0.04 | 0.06 | 0.07 | 0.40 | 0.72 | 0.48 | 0.95 | 2.58 | 2.67 | 3.28 | 2.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 2% | 4% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 32% |
5 Years: | 53% |
3 Years: | 12% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | 62% |
5 Years: | 58% |
3 Years: | 17% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | 47% |
5 Years: | 76% |
3 Years: | 11% |
1 Year: | -31% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 18% |
3 Years: | 16% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 13 | 17 | 35 | 39 |
Reserves | 5 | 3 | 4 | 6 | 14 | 34 | 51 | 86 | 184 | 390 | 739 | 1,179 |
17 | 15 | 6 | 11 | 21 | 35 | 58 | 63 | 94 | 105 | 20 | 53 | |
19 | 8 | 11 | 22 | 27 | 29 | 22 | 49 | 47 | 49 | 49 | 43 | |
Total Liabilities | 52 | 36 | 31 | 48 | 72 | 108 | 141 | 209 | 339 | 562 | 843 | 1,315 |
5 | 3 | 3 | 4 | 6 | 19 | 24 | 28 | 49 | 65 | 106 | 189 | |
CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 3 | 4 | 6 | 63 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 16 | 6 | 11 |
47 | 33 | 27 | 44 | 64 | 88 | 117 | 181 | 275 | 476 | 725 | 1,052 | |
Total Assets | 52 | 36 | 31 | 48 | 72 | 108 | 141 | 209 | 339 | 562 | 843 | 1,315 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 4 | 10 | -4 | -5 | -5 | -20 | -5 | 17 | 7 | -24 | -215 | |
-0 | -1 | 1 | -1 | -4 | -13 | -6 | -8 | -34 | -23 | -90 | -210 | |
0 | -4 | -10 | 4 | 9 | 18 | 27 | 12 | 17 | 66 | 171 | 384 | |
Net Cash Flow | 2 | -2 | 1 | -1 | 0 | 0 | 0 | -0 | -0 | 50 | 57 | -41 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 48 | 28 | 54 | 68 | 63 | 81 | 80 | 30 | 33 | 34 | 53 |
Inventory Days | 59 | 27 | 42 | 56 | 47 | 28 | 75 | 49 | 36 | 46 | 31 | 43 |
Days Payable | 12 | 10 | 27 | 35 | 50 | 8 | 20 | 31 | 8 | 8 | 5 | 5 |
Cash Conversion Cycle | 119 | 65 | 43 | 75 | 65 | 84 | 136 | 98 | 58 | 71 | 60 | 91 |
Working Capital Days | 106 | 77 | 67 | 101 | 83 | 68 | 150 | 108 | 56 | 88 | 91 | 157 |
ROCE % | 8% | 9% | 6% | 13% | 40% | 38% | 18% | 26% | 40% | 32% | 23% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Demise
1d - Demise of promoter/director Mithan Lal Singla holding 2.24% shares on 8 June 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - JTL reports FY25 flat earnings, 13% volume growth, new DFT plant doubles capacity, enters copper/brass segment, targets 5 lakh tons sales FY26.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Newspaper publication of the audited financial results for the quarter and financial year ended 31st March 2025
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Weblink Of Post Earnings Call Held On 27.05.2025
27 May - Audio recording of Q4 and FY25 earnings call uploaded on company website.
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Earnings Release For The Quarter And Financial Year Ended 31.03.2025
27 May - JTL reports FY25 EBITDA ₹1,230M, sales volume 387,555 MT; completes key capex; promoters waive dividend for reinvestment.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Jan 2024Transcript PPT REC
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Oct 2023Transcript PPT REC
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Aug 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Apr 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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.