JTL Industries Ltd

JTL Industries Ltd

₹ 238 3.14%
13 Sep - 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) black and hollow steel tubes, pipes, and value-added products such as solar module mounting structures/panels and hot-dipped galvanized steel tubes and pipes, etc. [1]

  • Market Cap 4,538 Cr.
  • Current Price 238
  • High / Low 278 / 167
  • Stock P/E 38.4
  • Book Value 45.2
  • Dividend Yield 0.11 %
  • ROCE 23.5 %
  • ROE 18.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%

Cons

  • Promoter holding has decreased over last quarter: -4.09%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
179 263 232 416 368 366 343 473 505 502 567 466 515
168 244 213 389 353 334 314 420 469 465 525 429 476
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 4 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 30 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 1.72 1.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
435 1,355 1,549 2,039 2,051
403 1,265 1,419 1,887 1,894
Operating Profit 33 89 129 152 156
OPM % 8% 7% 8% 7% 8%
5 4 4 9 12
Interest 9 8 6 5 5
Depreciation 2 3 4 6 6
Profit before tax 27 82 123 150 157
Tax % 26% 26% 26% 25%
20 61 90 113 118
EPS in Rs 1.89 5.16 5.34 6.59 6.91
Dividend Payout % 11% 0% 2% 4%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 67%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 77%
TTM: 14%
Stock Price CAGR
10 Years: 44%
5 Years: 97%
3 Years: 42%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: %
3 Years: 26%
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 13 17 35
Reserves 71 184 390 739
63 94 107 20
65 47 50 49
Total Liabilities 209 339 563 843
28 49 65 111
CWIP 0 3 4 6
Investments 0 12 16 6
181 275 478 720
Total Assets 209 339 563 843

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 17 4 -22
-8 -34 -20 -96
12 17 66 169
Net Cash Flow -0 -0 50 51

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 30 33 34
Inventory Days 49 36 46 31
Days Payable 31 8 8 5
Cash Conversion Cycle 98 58 71 60
Working Capital Days 108 56 89 91
ROCE % 41% 32% 23%

Shareholding Pattern

Numbers in percentages

3 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