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NSE:JTLIND

JTL INDUSTRIES LIMITED

Capital Goods › Industrial Products
₹74.09
at close · 28 Oct 2026
▲ 0.29 (+0.39%)
ThemesDefence· mention

Latest filings

Next results: Mon, 2 Nov · Financial Results/Other business matters
  1. Board meeting set for November 2 to approve Q2 and H1 FY27 results · Results
  2. JTL Industries gets CPWD approval for steel pipes and hollow sections · Business Updates
  3. RTA certificate for securities dematerialization filed under SEBI Reg 74(5) · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures steel pipes, hollow sections and value-added tubular products from four plants located in Punjab, Maharashtra (Mangaon) and Chhattisgarh, with cumulative manufacturing capacity of about 9,36,000 MTPA. FY26 sales volumes reached 3,95,900 MT (a record), of which value-added lines such as DFT structural pipes and color-coated pipes made up about 27% of Q4 FY26 sales. A new cold rolling complex at Mangaon for color-coated pipes was nearing commissioning for H1 FY27. Exports account for about 10% of revenue, including supply to Australia under ACRS certification, and the business holds Three Star Export House status. A separate copper, brass and bronze alloys line sits in 95%-owned subsidiary JTL Defence, which is scaling from 100 tons/month to a 500 tons/month run rate by FY27 exit. Materials (steel and other inputs) form the biggest cost at 79.8% of revenue.

Operating scale
Cumulative manufacturing capacity
about 9,36,000 MTPAFY26
FY26 sales volume
3,95,900 MTFY26
Q4 FY26 sales volume
1,23,262 MTQ4 FY26
FY26 EBITDA per ton
INR 3,900FY26
Manufacturing units
4 plants (Punjab, Maharashtra, Chhattisgarh)FY26
JTL Defence target run rate
500 tons/month by FY27 exitFY27
Who pays it
Infrastructure, industrial and construction buyers in domestic markets, plus export customers including Australia (Three Star Export House status).
Biggest cost
Materials (steel and other inputs) at 79.8% of revenue.
Kind of business
Capital-intensive steel pipe manufacturer expanding into value-added tubes and copper/brass alloys.
Where it sits
Four-plant Indian steel pipe and hollow section maker with about 9,36,000 MTPA capacity and a 2 million ton total capacity target by FY27.
Market Cap
₹2,912 Cr
P / E (TTM)
24.0×
EV / EBITDA
15.5×
Div Yield
0.09%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
19.9%▲
ROCE (5y median)
ROE 6.8% · margin 7.8%
Leverage
0.16·
Debt / Equity · low
Net debt ₹209 Cr
Revenue FY22→FY26
2.2×▲
Margin −0.3 pts
₹976 Cr → ₹2,136 Cr
Cash conversion
-0.21×▼
Operating cash ÷ profit · 4 yrs
₹-75 Cr on ₹356 Cr
Moves on a normal day
1.60%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#68/105
P/B#63/101
ROCE#60/115
ROE#59/103
Debt / Equity#46/101
EBITDA margin#59/100
Revenue growth#21/97
Profit growth#25/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Returns on capital 19.9% (5-year median)
#60 of 115 in Iron & Steel Products on the latest reported figures · down from 43.8% in FY22
Concerns
Over 4 years it reported ₹356 Cr of profit and an operating cash outflow of ₹75 Cr — -0.21×
Less than 60p of every ₹1 of profit arrived as cash
Customers are taking longer to pay — 36 → 71 days of receivables
FY22 → FY26

Charts

How has the market priced it — with filings on the timeline?

JTLIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from JTL INDUSTRIES LIMITED's filed financials and exchange disclosures

What does JTL INDUSTRIES LIMITED do?

JTL INDUSTRIES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol JTLIND.

Is JTL INDUSTRIES LIMITED profitable?

Yes. Over the trailing twelve months JTL INDUSTRIES LIMITED reported a net profit of ₹122 Cr on revenue of ₹2,314 Cr.

Does JTL INDUSTRIES LIMITED pay a dividend?

Yes. The dividend yield is 0.09% at the current price. It paid out 2% of its profit as dividend in FY26.

Is JTL INDUSTRIES LIMITED debt-free?

No. It reported borrowings of ₹244 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹209 Cr after cash. Debt stands at 0.16× equity. That is lower than 55% of its 101 Iron & Steel Products peers.

Is JTL INDUSTRIES LIMITED expensive compared with its peers?

On trailing P/E, JTL INDUSTRIES LIMITED ranks 68 of 105 in Iron & Steel Products — cheaper than 36% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the JTL INDUSTRIES LIMITED share price move in a day?

On a typical session JTL INDUSTRIES LIMITED moves 1.60% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are JTL INDUSTRIES LIMITED's next results?

Financial Results/Other business matters on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track JTL INDUSTRIES LIMITED's announcements?

Every NSE and BSE filing by JTL INDUSTRIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.