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 ₹ 3,110 Cr.
- Current Price ₹ 81.3
- High / Low ₹ 86.0 / 40.2
- Stock P/E 31.6
- Book Value ₹ 38.9
- Dividend Yield 0.15 %
- ROCE 9.57 %
- ROE 7.28 %
- Face Value ₹ 1.00
Pros
Cons
- Company has a low return on equity of 10.5% over last 3 years.
- Dividend payout has been low at 4.63% of profits over last 3 years
- Debtor days have increased from 52.9 to 70.8 days.
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Part of BSE Industrials BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 435 | 975 | 1,549 | 2,040 | 1,915 | 2,136 | |
| 403 | 903 | 1,419 | 1,887 | 1,792 | 1,982 | |
| Operating Profit | 33 | 73 | 129 | 153 | 123 | 154 |
| OPM % | 8% | 7% | 8% | 7% | 6% | 7% |
| 5 | 4 | 4 | 8 | 22 | 13 | |
| Interest | 9 | 6 | 6 | 5 | 5 | 11 |
| Depreciation | 2 | 2 | 4 | 6 | 9 | 21 |
| Profit before tax | 27 | 68 | 123 | 150 | 132 | 135 |
| Tax % | 26% | 26% | 26% | 25% | 25% | 24% |
| 20 | 50 | 90 | 113 | 99 | 103 | |
| EPS in Rs | 0.95 | 2.11 | 2.67 | 3.29 | 2.59 | 2.58 |
| Dividend Payout % | 11% | 0% | 2% | 4% | 5% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 11% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 3% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 26% |
| 3 Years: | 2% |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 10% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 17 | 35 | 39 | 39 |
| Reserves | 86 | 146 | 390 | 739 | 1,179 | 1,447 |
| 63 | 81 | 107 | 20 | 76 | 244 | |
| 49 | 38 | 50 | 49 | 45 | 266 | |
| Total Liabilities | 209 | 276 | 563 | 843 | 1,339 | 1,996 |
| 28 | 42 | 65 | 111 | 218 | 501 | |
| CWIP | 0 | 3 | 4 | 6 | 66 | 159 |
| Investments | 0 | 12 | 16 | 6 | 10 | 23 |
| 181 | 218 | 478 | 720 | 1,044 | 1,314 | |
| Total Assets | 209 | 276 | 563 | 843 | 1,339 | 1,996 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -5 | 10 | 4 | -22 | -246 | ||
| -8 | -30 | -20 | -96 | -188 | ||
| 12 | 20 | 66 | 169 | 407 | ||
| Net Cash Flow | -0 | -0 | 50 | 51 | -27 | |
| Free Cash Flow | -11 | -10 | -15 | -125 | -424 | |
| CFO/OP | -6% | 44% | 23% | 13% | -172% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 80 | 36 | 33 | 34 | 53 | 71 |
| Inventory Days | 49 | 38 | 46 | 31 | 47 | 54 |
| Days Payable | 31 | 8 | 8 | 5 | 5 | 29 |
| Cash Conversion Cycle | 98 | 66 | 71 | 60 | 96 | 96 |
| Working Capital Days | 64 | 40 | 66 | 87 | 151 | 140 |
| ROCE % | 37% | 35% | 23% | 13% | 10% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Total Sales Volume MT |
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| Export Sales Volume MT |
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| Installed Manufacturing Capacity MTPA |
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| Number of Distributors and Retailers count |
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| Number of SKUs count |
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| Value Added Product Share % |
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Extracted by Screener AI
Documents
Announcements
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Audio Recording Of Con-Call Held On 11.05.2026 For Audited Financial Results Of Quarter And FY Ended 31.03.2026
2h - Audio recording of FY26 audited results earnings call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Change in Management
4h - FY26 audited results: standalone profit ₹87.88 crore, consolidated profit ₹103.06 crore; 12.5% dividend recommended.
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Announcement under Regulation 30 (LODR)-Dividend Updates
4h - JTL Industries reported FY26 audited results, recommended 12.5% dividend, and appointed internal and cost auditors.
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Earning Release For 31.03.2026
4h - JTL Industries reported Q4 FY26 revenue of ₹6,927 Mn and FY26 revenue of ₹21,364 Mn, both record highs.
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Announcement under Regulation 30 (LODR)-Investor Presentation
4h - Investor Presentation for quarter and FY ended 31.03.2026
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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May 2026TranscriptAI SummaryPPT
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May 2026TranscriptAI SummaryPPT
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Apr 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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Jul 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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.