JTL Defence Ltd (JTLDEFENCE)

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JTL Defence Ltd (JTLDEFENCE) · mywealthgrid

About

JTL Defence manufactures aerospace and defense products. Market cap ₹515 Cr; standalone revenue collapsed from ₹10.43 Cr (Sep 2022) to ₹0.15 Cr (Mar 2025), a 98% decline indicating severe operational disruption.

Face value: ₹10

Market cap

₹750 Cr

P/E

—

P/B

3.8×

Dividend yield

ROE

0.1%

ROCE

0.4%

Debt / equity

0.3

OPM

21.8%

EPS (TTM)

₹-7.1

Book value

₹186.3

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapsed 98% from ₹10.43 Cr (Sep 2022) to ₹0.15 Cr (Mar 2025); verify if any material contracts or customer relationships remain

Operating margins inverted from positive 4.32% (Sep 2022) to -453.33% (Mar 2025); company cannot cover costs at current revenue

Persistent net losses across all recent quarters (latest -₹2.05 Cr Mar 2025); verify cash runway and available liquidity

Zero institutional backing (FII 0%, DII 0%) and 95% promoter concentration indicate limited market confidence and potential liquidity constraints

Generated analysis · source review pending

Growth drivers

Contract recovery: Company sustained ₹10.43 Cr revenue in Sep 2022; verify if customer relationships can be restored or new contracts secured

Operational profitability recovery: Company achieved 4.32% OPM in Sep 2022 at ₹10.43 Cr revenue; verify what operational changes enabled that margin and if reversible

Defense sector procurement: Aerospace & Defense procurement follows government capex cycles; verify if company has active tenders, certifications, or contract allocations

Generated analysis · source review pending

60 historical price candles were omitted because the exchange source has not been verified.

₹713.9-0%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 21.8%
+High promoter holding of 95% with no pledge

Cons

−Low return on equity of 0.1% (3-yr avg)
−Revenue shrank over the last 5 years (-22.5% a year)
−Weak interest coverage of 1×

Research score

Structured signal from quality, growth, valuation and momentum.

38/100

Business quality: 28
Growth: 0
Valuation

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,620	1,637	389	69	60	23	2	1	19
COGS	-1,543	-1,544	-441	76	71	21	1	0	8
Gross profit	—	—	—	-7	-12	2	2	1	12
	3,122	3,125	924	74	49	9	4	2	8
	42	56	-94	-80	-61	-7	-2	-1	4
OPM %	2.6%	3.4%	-24.2%	-116.9%	-102.3%	-30.1%	-98.3%	-118.4%	21.8%
Depreciation	5	11	13	12	11	6	8	5	5
Interest	19	24	16	0	0	2	0	0	1
	5	5	17	1	0	0	1	0	2
Profit before tax	23	27	-143	-92	-72	-14	-10	-6	0
Tax	8	9	-1	-2	-0	3	-1	0	-0
Tax %	33.4%	33.9%	-0.5%	-1.8%	-0.3%	20.8%	-5.9%	1.1%	-350%
	15	18	-142	-91	-72	-17	-9	-6	0
PAT margin %	0.9%	1.1%	-36.6%	-131.6%	-120.8%	-74.7%	-400.9%	-657.1%	1.4%
EPS (₹)	11.2	13.1	-92.3	0	-46	-11	-5.9	-4.1	0.2
EPS adjusted (₹)	—	—	—	-57.8	-46	-11	-5.9	-4.1	0.3
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	16	16	16	11
Reserves	-65	-137	-154	-164	-170	186
	233	234	236	236	236	60
	12	6	12	18	10	74
Total equity & liabilities	196	118	109	106	91	330
	71	62	56	48	42	236
CWIP	8	6	6	6	6	4
Investments	17	12	12	12	12	12
	100	38	34	39	31	77
Total assets	196	118	109	106	91	330

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Ratios

Annual operating, return, leverage and working-capital ratios.

No ratio history

Ratios derive from annual statements, which haven't been ingested yet.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.28%	68.28%	68.28%	68.28%	68.28%	68.28%	95%	95%
FII	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%
	31.72%	31.72%	31.72%	31.72%	31.72%	31.72%	5%	5%
No. of shareholders	4,303	4,243	4,217	4,326	4,287	4,287	3,543	3,442

Promoter holding up 26.72 percentage points since Sep 2024.

Mr. Dhruv SinglaExecutive Director-Chairperson related to Promoter
Mr. Pranav SinglaExecutive Director-MD
Mrs. Neerja ChathleyNon-Executive - Independent Director
Mr. Satinder SinghNon-Executive - Independent Director
Mr. Venkatagowri Sankara Jayaram PylaNon-Executive - Independent Director
Mr. Naveen Kumar LaroiyaChief Financial Officer
Mr. Ankit SinglaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in JTL Defence Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

No events on record

Corporate actions, results dates and filings will appear here once ingested.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

8 announcementsExport CSV

1 Oct 2026, 3:21 pmCompany Update

Q2FY27 Business Performance Update

General PDF

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Sigma Advanced Systems LimitedSIGMAADVSIGMAADV	₹18,975 Cr	₹19,275 Cr	₹843 Cr	₹121 Cr	9.7%	₹163 Cr	54.5%	73.1%	87.6%	271
Aequs LimitedAEQUSAEQUS	₹18,448 Cr	₹18,851 Cr	₹1,230 Cr	₹89 Cr	7.2%	₹-113 Cr	-9.2%	1.1%	-10.3%	259
Astra Microwave Products LimitedASTRAMICROASTRAMICRO	₹15,417 Cr	₹15,704 Cr	₹1,140 Cr	₹326 Cr	28.7%	₹189 Cr	16.6%	23.1%	16%	537
Apollo Micro Systems LimitedAPOLLOAPOLLO	₹14,558 Cr	₹15,091 Cr	₹1,022 Cr	₹231 Cr	24.1%	₹122 Cr	11.9%	18.2%	11.8%	443
Zen Technologies LimitedZENTECZENTEC	₹14,232 Cr	₹14,236 Cr	₹671 Cr	₹221 Cr	36%	₹186 Cr	31.7%	16.3%	10.8%	425
Paras Defence And Space Technologies LimitedPARASPARAS	₹10,285 Cr	₹10,311 Cr	₹511 Cr	₹130 Cr	25.3%	₹94 Cr	18.8%	16.9%	12.9%	435
Axiscades Technologies LimitedAXISCADESAXISCADES	₹9,806 Cr	₹10,082 Cr	₹1,099 Cr	₹152 Cr	15.3%	₹36 Cr	6.2%	17.7%	10.4%	31
Unimech Aerospace And Manufacturing LimitedUNIMECHUNIMECH	₹9,025 Cr	₹9,137 Cr	₹285 Cr	₹95 Cr	31.2%	₹72 Cr	26.3%	12.8%	9%	137
Mishra Dhatu Nigam LimitedMIDHANIMIDHANI	₹8,121 Cr	₹8,405 Cr	₹1,278 Cr	₹240 Cr	19.7%	₹135 Cr	10.9%	9.1%	8.9%	1,022

Date	Category	Subject	Filing
1 Oct 2026, 3:21 pm	Company Update General	Q2FY27 Business Performance Update	PDF
1 Oct 2026, 12:56 pm	Company Update Change in Registered Office Address	Announcement under Regulation 30 (LODR)-Change in Registered Office Address	PDF
30 Sept 2026, 7:11 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
13 Sept 2026, 1:32 pm	Company Update General	Clarification And Re-Submission Of Limited Review Report For Consolidated Financial Results For The Quarter Ended June 30, 2026	PDF
7 Sept 2026, 6:45 pm	Company Update General	Intimation Of Order Of The Regional Director (Northern Region-I) For Shifting Of Registered Office Of The Company	PDF
2 Sept 2026, 12:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 8:18 pm	AGM/EGM AGM	Notice Of Annual General Meeting Dated 23Rd September, 2026	PDF
1 Sept 2026, 8:11 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4	-72	1	5	-8	-15
	0	—	1	1	0	-8
	-5	—	1	0	0	23
Net cash flow	-0	—	2	6	-8	0
Free cash flow	3	—	1	5	-8	-23
CFO / Operating profit %	—	—	—	—	—	-367.7%

JTL Defence Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Ratios

No ratio history

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

No events on record

Announcements

No ratio history

Not in the F&O segment

No fund holdings on record

No events on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

JTL Defence Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Peers

Financials

Profit & loss

Balance sheet

Ratios

No ratio history

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

No events on record

Announcements

No ratio history

Not in the F&O segment

No fund holdings on record

No events on record

Announcements

Annual reports

Quarterly record

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity