JTL Industries Ltd

JTL Industries Ltd

₹ 212 -4.93%
26 Jul - close price
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
The company's product offerings include Electric Resistance Welding (ERW) pipes, galvanized pipes, solar structures, etc. [1]

  • Market Cap 3,644 Cr.
  • Current Price 212
  • High / Low 278 / 167
  • Stock P/E 30.9
  • Book Value 45.2
  • Dividend Yield 0.05 %
  • ROCE 24.7 %
  • ROE 19.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 50.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
  • Company's median sales growth is 22.6% of last 10 years

Cons

  • Promoter holding has decreased over last 3 years: -11.7%

* 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
179 263 232 416 368 366 343 471 505 502 567 466 515
168 244 213 389 353 334 314 418 469 465 525 429 476
Operating Profit 11 19 19 28 15 32 29 53 36 37 43 37 40
OPM % 6% 7% 8% 7% 4% 9% 8% 11% 7% 7% 7% 8% 8%
2 0 0 1 2 -0 1 0 1 3 1 3 4
Interest 1 1 1 3 1 2 1 2 1 1 2 1 1
Depreciation 0 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 11 18 17 25 16 29 28 50 34 38 40 38 41
Tax % 25% 28% 25% 23% 24% 27% 26% 27% 25% 26% 25% 23% 25%
8 13 13 19 12 21 20 37 25 28 30 29 31
EPS in Rs 0.76 1.22 1.10 1.60 1.00 1.59 1.56 2.17 1.50 1.64 1.76 1.70 1.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
86 97 119 95 113 170 322 230 435 1,355 1,547 2,040 2,051
84 94 117 93 110 155 298 213 403 1,265 1,418 1,888 1,894
Operating Profit 2 3 2 2 2 15 24 16 33 89 129 152 156
OPM % 2% 3% 2% 2% 2% 9% 7% 7% 8% 7% 8% 7% 8%
1 -0 1 1 1 0 1 3 5 4 4 8 11
Interest 1 2 2 1 1 2 3 4 9 8 6 5 5
Depreciation 0 1 0 0 0 0 1 1 2 3 4 6 6
Profit before tax 1 1 1 2 2 13 21 14 27 82 123 150 156
Tax % 34% 35% 33% 23% 36% 37% 30% 26% 26% 26% 26% 25%
1 1 1 1 1 8 14 10 20 61 90 113 118
EPS in Rs 0.06 0.05 0.08 0.12 0.14 0.80 1.45 0.95 1.89 5.16 5.34 6.56 6.89
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 11% 0% 2% 4%
Compounded Sales Growth
10 Years: 36%
5 Years: 45%
3 Years: 67%
TTM: 22%
Compounded Profit Growth
10 Years: 71%
5 Years: 51%
3 Years: 78%
TTM: 13%
Stock Price CAGR
10 Years: 43%
5 Years: 82%
3 Years: 57%
1 Year: 11%
Return on Equity
10 Years: 26%
5 Years: 26%
3 Years: 26%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 10 10 10 10 11 11 13 17 35
Reserves 5 5 3 4 6 14 28 51 71 184 390 739
20 17 15 6 11 21 35 58 63 94 53 20
10 19 8 11 22 27 35 22 65 47 102 49
Total Liabilities 44 52 36 31 48 72 108 141 209 339 562 843
5 5 3 3 4 6 19 24 28 49 65 106
CWIP 0 0 0 0 0 2 0 0 0 3 4 6
Investments 1 0 0 0 0 0 0 0 0 12 16 6
38 47 33 27 44 64 88 117 181 275 476 725
Total Assets 44 52 36 31 48 72 108 141 209 339 562 843

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2 2 4 10 -4 -5 -5 -20 -5 17 5 -24
-0 -0 -1 1 -1 -4 -13 -6 -8 -34 -21 -90
0 0 -4 -10 4 9 18 27 12 17 66 171
Net Cash Flow -2 2 -2 1 -1 0 0 0 -0 -0 50 57

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77 72 48 28 54 68 63 81 80 30 33 34
Inventory Days 49 59 27 42 56 47 28 75 49 36 45 31
Days Payable 25 12 10 27 35 50 8 20 31 8 8 5
Cash Conversion Cycle 101 119 65 43 75 65 84 136 98 58 70 60
Working Capital Days 127 106 77 67 101 83 68 150 108 56 73 91
ROCE % 8% 8% 9% 6% 13% 40% 40% 18% 27% 41% 35% 25%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024
56.02% 55.26% 54.03% 49.91% 43.71% 56.26% 56.20% 55.78% 56.00% 54.30% 54.24% 50.21%
0.00% 0.07% 0.00% 0.21% 1.21% 0.52% 0.72% 2.35% 1.62% 4.48% 5.82% 10.06%
0.00% 0.13% 0.00% 0.00% 2.27% 1.41% 0.70% 1.07% 0.83% 0.07% 0.30% 1.94%
43.98% 44.54% 45.97% 49.88% 52.82% 41.82% 42.39% 40.81% 41.55% 41.15% 39.65% 37.79%
No. of Shareholders 12,67512,97413,07114,01710,63610,87615,79625,43242,55072,46177,34374,637

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls