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 ₹ 2,257 Cr.
- Current Price ₹ 59.2
- High / Low ₹ 112 / 57.7
- Stock P/E 29.1
- Book Value ₹ 32.7
- Dividend Yield 0.21 %
- ROCE 13.0 %
- ROE 9.80 %
- Face Value ₹ 1.00
Pros
- Company's median sales growth is 19.0% of last 10 years
Cons
- Debtor days have increased from 40.1 to 52.8 days.
- Working capital days have increased from 100 days to 147 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE SmallCap BSE Allcap BSE Industrials
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97 | 119 | 95 | 113 | 170 | 322 | 230 | 435 | 1,355 | 1,547 | 2,040 | 1,911 | 1,793 | |
| 94 | 117 | 93 | 110 | 155 | 298 | 213 | 403 | 1,265 | 1,418 | 1,887 | 1,789 | 1,690 | |
| Operating Profit | 3 | 2 | 2 | 2 | 15 | 24 | 16 | 33 | 89 | 129 | 153 | 123 | 103 |
| OPM % | 3% | 2% | 2% | 2% | 9% | 7% | 7% | 8% | 7% | 8% | 7% | 6% | 6% |
| -0 | 1 | 1 | 1 | 0 | 1 | 3 | 5 | 4 | 4 | 8 | 23 | 19 | |
| Interest | 2 | 2 | 1 | 1 | 2 | 3 | 4 | 9 | 8 | 6 | 5 | 4 | 6 |
| Depreciation | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 4 | 6 | 9 | 12 |
| Profit before tax | 1 | 1 | 2 | 2 | 13 | 21 | 14 | 27 | 82 | 123 | 150 | 132 | 104 |
| 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 | 78 | |
| 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 | 2.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 2% | 4% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 53% |
| 3 Years: | 12% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 62% |
| 5 Years: | 57% |
| 3 Years: | 17% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 59% |
| 3 Years: | -8% |
| 1 Year: | -41% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 13 | 17 | 35 | 39 | 39 |
| Reserves | 5 | 3 | 4 | 6 | 14 | 34 | 51 | 86 | 184 | 390 | 739 | 1,179 | 1,211 |
| 17 | 15 | 6 | 11 | 21 | 35 | 58 | 63 | 94 | 105 | 20 | 53 | 150 | |
| 19 | 8 | 11 | 22 | 27 | 29 | 22 | 49 | 47 | 49 | 49 | 43 | 106 | |
| Total Liabilities | 52 | 36 | 31 | 48 | 72 | 108 | 141 | 209 | 339 | 562 | 843 | 1,315 | 1,507 |
| 5 | 3 | 3 | 4 | 6 | 19 | 24 | 28 | 49 | 65 | 106 | 189 | 193 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 3 | 4 | 6 | 63 | 116 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 16 | 6 | 11 | 50 |
| 47 | 33 | 27 | 44 | 64 | 88 | 117 | 181 | 275 | 476 | 725 | 1,052 | 1,148 | |
| Total Assets | 52 | 36 | 31 | 48 | 72 | 108 | 141 | 209 | 339 | 562 | 843 | 1,315 | 1,507 |
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 | -23 | -215 | |
| -0 | -1 | 1 | -1 | -4 | -13 | -6 | -8 | -34 | -23 | -91 | -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 | 44 | 36 | 45 | 66 | 37 | 29 | 57 | 64 | 35 | 66 | 87 | 147 |
| ROCE % | 8% | 9% | 6% | 13% | 40% | 38% | 18% | 26% | 40% | 32% | 23% | 13% |
Documents
Announcements
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Earnings Release For The Quarter Ended 30.09.2025
2h - Q2 FY26: Revenue ₹4,312m; EBITDA ₹346m (+48% QoQ); PAT ₹222m (+34% QoQ); new ERW capacity announced.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2h - Schedule of Conference Call on Q2FY26 Financial results.
- Un-Audited Financial Results 6h
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Board Meeting Outcome for Outcome Of Board Meeting Dated 10.11.2025
6h - Approved Q2/H1 FY2026 results; forfeited ₹16,875.00 Lakhs on 2,50,00,000 convertible warrants.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Nov - Of Analyst/Investor meet scheduled to be held on 11.11.2025
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
Concalls
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Jul 2025Transcript PPT REC
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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.