JTL Industries Ltd

JTL Industries Ltd

₹ 69.4 -2.31%
14 May - 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[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.

  • Market Cap 2,653 Cr.
  • Current Price 69.4
  • High / Low 86.0 / 40.2
  • Stock P/E 30.2
  • Book Value 34.0
  • Dividend Yield 0.18 %
  • ROCE 8.96 %
  • ROE 6.98 %
  • Face Value 1.00

Pros

  • Company's median sales growth is 25.4% of last 10 years

Cons

  • Company has a low return on equity of 10.4% over last 3 years.
  • Dividend payout has been low at 4.83% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -7.00%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
471 505 502 567 466 516 480 452 466 504 371 423 500
418 469 465 525 429 476 450 416 449 483 341 388 461
Operating Profit 53 36 37 43 37 40 30 35 17 21 29 35 39
OPM % 11% 7% 7% 7% 8% 8% 6% 8% 4% 4% 8% 8% 8%
0 1 3 1 3 4 8 2 9 5 3 4 2
Interest 2 1 1 2 1 1 1 1 1 2 2 3 3
Depreciation 1 1 1 2 2 2 2 2 3 3 4 4 4
Profit before tax 50 34 38 40 38 41 35 34 22 21 27 32 34
Tax % 27% 25% 26% 25% 23% 25% 24% 26% 25% 24% 27% 20% 24%
37 25 28 30 29 31 26 25 17 16 20 26 26
EPS in Rs 1.09 0.75 0.82 0.88 0.85 0.89 0.69 0.65 0.44 0.42 0.52 0.68 0.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
119 95 113 170 322 230 435 1,355 1,547 2,039 1,911 1,798
117 93 110 155 298 213 403 1,265 1,418 1,887 1,789 1,674
Operating Profit 2 2 2 15 24 16 33 89 129 152 123 125
OPM % 2% 2% 2% 9% 7% 7% 8% 7% 8% 7% 6% 7%
1 1 1 0 1 3 5 4 4 8 23 14
Interest 2 1 1 2 3 4 9 8 6 5 4 9
Depreciation 0 0 0 0 1 1 2 3 4 6 9 14
Profit before tax 1 2 2 13 21 14 27 82 123 150 132 115
Tax % 33% 23% 36% 37% 30% 26% 26% 26% 26% 25% 25% 24%
1 1 1 8 14 10 20 61 90 113 99 88
EPS in Rs 0.04 0.06 0.07 0.40 0.72 0.48 0.95 2.58 2.67 3.28 2.59 2.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 11% 0% 2% 4% 5% 6%
Compounded Sales Growth
10 Years: 34%
5 Years: 33%
3 Years: 5%
TTM: -6%
Compounded Profit Growth
10 Years: 81%
5 Years: 34%
3 Years: -1%
TTM: -10%
Stock Price CAGR
10 Years: 40%
5 Years: 23%
3 Years: -3%
1 Year: 5%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 10 10 10 11 11 13 17 35 39 39
Reserves 3 4 6 14 34 51 86 184 390 739 1,179 1,261
15 6 11 21 35 58 63 94 105 20 53 203
8 11 22 27 29 22 49 47 49 49 43 56
Total Liabilities 36 31 48 72 108 141 209 339 562 843 1,315 1,560
3 3 4 6 19 24 28 49 65 106 189 221
CWIP 0 0 0 2 0 0 0 3 4 6 63 154
Investments 0 0 0 0 0 0 0 12 16 6 11 62
33 27 44 64 88 117 181 275 476 725 1,052 1,122
Total Assets 36 31 48 72 108 141 209 339 562 843 1,315 1,560

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4 10 -4 -5 -5 -20 -5 17 7 -24 -215 -10
-1 1 -1 -4 -13 -6 -8 -34 -23 -90 -210 -156
-4 -10 4 9 18 27 12 17 66 171 384 133
Net Cash Flow -2 1 -1 0 0 0 -0 -0 50 57 -41 -32
Free Cash Flow 2 9 -6 -9 -17 -26 -11 -5 -11 -121 -364 -131
CFO/OP 199% 583% -152% -22% -3% -95% -6% 49% 26% 12% -147% 6%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 48 28 54 68 63 81 80 30 33 34 53 57
Inventory Days 27 42 56 47 28 75 49 36 46 31 43 49
Days Payable 10 27 35 50 8 20 31 8 8 5 5 6
Cash Conversion Cycle 65 43 75 65 84 136 98 58 71 60 91 100
Working Capital Days 36 45 66 37 29 57 64 35 66 87 147 149
ROCE % 9% 6% 13% 40% 38% 18% 26% 40% 32% 23% 13% 9%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Sales Volume
MT

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Export Sales Volume
MT
Installed Manufacturing Capacity
MTPA
Number of Distributors and Retailers
count
Number of SKUs
count
Value Added Product Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

15 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
56.20% 55.78% 56.00% 54.30% 54.24% 48.91% 48.91% 48.91% 48.91% 48.91% 49.26% 49.26%
0.72% 2.35% 1.62% 4.48% 5.82% 5.60% 5.00% 4.86% 4.44% 3.39% 3.34% 3.40%
0.70% 1.07% 0.83% 0.07% 0.30% 1.64% 2.22% 3.04% 3.36% 2.21% 0.02% 0.00%
42.39% 40.81% 41.55% 41.15% 39.65% 43.87% 43.88% 43.21% 43.28% 45.49% 47.37% 47.34%
No. of Shareholders 15,79625,43242,55072,46177,34382,67290,34185,30085,58486,03484,19082,504

* 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.

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