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 ₹ 2,563 Cr.
- Current Price ₹ 67.1
- High / Low ₹ 112 / 59.7
- Stock P/E 30.4
- Book Value ₹ 31.9
- Dividend Yield 0.19 %
- ROCE 12.9 %
- ROE 9.80 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Debtor days have increased from 40.4 to 53.4 days.
- Working capital days have increased from 101 days to 151 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 435 | 1,355 | 1,549 | 2,040 | 1,915 | 1,944 | |
| 403 | 1,265 | 1,419 | 1,887 | 1,792 | 1,838 | |
| Operating Profit | 33 | 89 | 129 | 153 | 123 | 106 |
| OPM % | 8% | 7% | 8% | 7% | 6% | 5% |
| 5 | 4 | 4 | 8 | 22 | 24 | |
| Interest | 9 | 8 | 6 | 5 | 5 | 6 |
| Depreciation | 2 | 3 | 4 | 6 | 9 | 12 |
| Profit before tax | 27 | 82 | 123 | 150 | 132 | 113 |
| Tax % | 26% | 26% | 26% | 25% | 25% | |
| 20 | 61 | 90 | 113 | 99 | 85 | |
| EPS in Rs | 0.95 | 2.58 | 2.67 | 3.29 | 2.59 | 2.21 |
| Dividend Payout % | 11% | 0% | 2% | 4% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 60% |
| 3 Years: | -2% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 11 | 13 | 17 | 35 | 39 |
| Reserves | 86 | 184 | 390 | 739 | 1,179 |
| 63 | 94 | 107 | 20 | 76 | |
| 49 | 47 | 50 | 49 | 45 | |
| Total Liabilities | 209 | 339 | 563 | 843 | 1,339 |
| 28 | 49 | 65 | 111 | 218 | |
| CWIP | 0 | 3 | 4 | 6 | 66 |
| Investments | 0 | 12 | 16 | 6 | 10 |
| 181 | 275 | 478 | 720 | 1,044 | |
| Total Assets | 209 | 339 | 563 | 843 | 1,339 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -5 | 17 | 4 | -22 | -246 | |
| -8 | -34 | -20 | -96 | -188 | |
| 12 | 17 | 66 | 169 | 407 | |
| Net Cash Flow | -0 | -0 | 50 | 51 | -27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 80 | 30 | 33 | 34 | 53 |
| Inventory Days | 49 | 36 | 46 | 31 | 47 |
| Days Payable | 31 | 8 | 8 | 5 | 5 |
| Cash Conversion Cycle | 98 | 58 | 71 | 60 | 96 |
| Working Capital Days | 64 | 35 | 66 | 87 | 151 |
| ROCE % | 40% | 32% | 23% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Oct - Launches CC Copper; production doubles to 200 MT/month, targeting 500 MT/month by end-Q4 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Oct - NCLT approved JTL's Rs.46.5 crore acquisition of RCI Industries; topline boost expected by FY27.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Oct - Beetal RTA certificate confirming dematerialisation for quarter ended 30 Sep 2025 processed within 15 days.
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Announcement under Regulation 30 (LODR)-Acquisition
11 Oct - NCLT approved JTL's plan to acquire 95% of RCI for Rs.46.50 Cr; completion within 60 days.
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Q2 FY26 Business Performance Update
4 Oct - Q2 FY26 volumes 81,593 MT; H1 FY26 1,82,210 MT (3.5% YoY); exports rose to 12%
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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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.