Loading page…

Jtl Industries Limited (JTLIND) · mywealthgrid

About

Jtl Industries Limited manufactures iron and steel products for the industrials sector, a business with commoditized products and cyclical demand patterns. With a market cap of ₹2,957.68 Cr and recent quarterly revenues around ₹721.61 Cr, the company is a mid-sized operator. Trading at a PE of 25.79 against an ROE of 7.28%, the stock prices in growth the balance sheet has not yet delivered.

Face value: ₹1

Market cap

₹3,390 Cr

P/E

29.6×

P/B

2.3×

Dividend yield

0.3%

ROE

7.3%

ROCE

10.3%

Debt / equity

0.16

OPM

7.2%

EPS (TTM)

₹2.9

Book value

₹37.8

52-week high

₹92.4

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation disconnect: PE of 25.79 significantly exceeds ROE of 7.28%, signaling stretched valuation relative to current capital efficiency.

Thin operating margins of 7.23% offer limited buffer against raw-material cost volatility typical in steel — verify hedging programs and pricing power.

Price volatility: 52-week range of ₹40.8–₹83.09 signals cyclical exposure — verify demand visibility and customer order pipeline.

Low profitability: ROE of 7.28% indicates limited return on capital — verify capex and working-capital plans to improve efficiency.

Generated analysis · source review pending

Growth drivers

Revenue momentum from ₹429.3 Cr (Sep 2025) to ₹721.61 Cr (Jun 2026) suggests volume or demand acceleration — verify if structural or cyclical.

Operational stability: OPM held near 8% across Sep 2025–Jun 2026 despite revenue swings — indicates cost discipline or pricing strength.

Low leverage at D/E 0.16 enables debt-funded growth if board prioritizes capex or acquisition — verify expansion plans.

Generated analysis · source review pending

₹86.2+21.6%1Y

Beta

1.55

Amplifies index moves

Volatility (1y)

58.7%

Annualised, daily returns

RSI (14)

43.3

Neither overbought nor oversold

Rel. strength (1y)

10.3%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Profit CAGR of 37.5% over the last 5 years
+Revenue CAGR of 37.4% over the last 5 years
+Comfortable interest coverage of 13×

Cons

−Thin operating margin of 7.2%
−Low dividend payout of 8.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 42
Growth: 64
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

Loading peers…

Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	436	976	1,550	2,040	1,916	2,136
COGS	392	878	1,340	1,798	1,682	1,820
Gross profit	43	98	210	242	234	316
	11	26	80	90	111	162
	33	73	129	152	123	154
OPM %	7.5%	7.4%	8.4%	7.5%	6.4%	7.2%
Depreciation	2	2	4	6	9	21
Interest	9	6	6	5	5	11
	5	4	4	9	22	13
Profit before tax	27	68	123	150	132	135
Tax	7	18	32	37	33	32
Tax %	25.8%	25.9%	26.5%	24.8%	24.9%	23.8%
	20	50	90	113	99	103
PAT margin %	4.6%	5.1%	5.8%	5.5%	5.2%	4.8%
EPS (₹)	3.4	8.5	5.4	6.6	2.6	2.6
EPS adjusted (₹)	1	2.1	2.7	3.2	2.5	2.5
	59%	0%	3.7%	3.8%	4.8%	4.8%
Annual report	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	11	12	17	35	39	39
Reserves	86	146	390	739	1,179	1,447
Minority interest	—	—	—	—	0	35
	63	78	107	20	76	244
	50	41	50	49	44	230
Total equity & 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

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-5	10	4	-22	-246	-67
	-8	-30	-20	-96	-188	-142
	12	20	66	169	407	170
Net cash flow	-0	-0	50	51	-27	-40
Free cash flow	-12	-10	-15	-125	-424	-213
CFO / Operating profit %	-15.1%	13.9%	3.1%	-14.5%	-199.8%	-43.6%

Loading financials…

Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	10%	10.1%	13.5%	11.9%	12.2%	14.8%
EBITDA margin %	7.5%	7.4%	8.4%	7.5%	6.4%	7.2%
EBIT margin %	7.1%	7.2%	8.1%	7.2%	5.9%	6.3%
PAT margin %	4.6%	5.1%	5.8%	5.5%	5.2%	4.8%
Working capital
Receivable days	80	36	33	34	53	71
Inventory days	49	38	46	31	47	54
Payable days	31	8	8	5	5	29
NWC days	98	66	71	60	96	96
Leverage
Current ratio	1.82	2	3.35	10.18	9.47	3.22
Debt to EBITDA	1.91	1.08	0.83	0.13	0.62	1.58
Debt to equity	0.65	0.5	0.26	0.03	0.06	0.16
Interest coverage	4.1	11.5	20.5	30.5	30.1	13
Asset turnover	2.08	3.53	2.75	2.42	1.43	1.07
Return ratios
Return on assets %	9.6%	18.1%	16%	13.4%	7.4%	5.2%
Return on capital employed %	32.2%	52.9%	44%	25.9%	13.5%	10.3%
Return on equity %	20.7%	31.8%	22.1%	14.6%	8.1%	6.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

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

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.78%	56%	54.3%	54.24%	48.91%	48.91%	48.91%	48.91%	48.91%	49.26%	49.26%	49.26%
	2.35%	1.62%	4.48%	5.81%	5.6%	5%	4.86%	4.44%	3.39%	3.34%	3.4%	4.84%
	1.07%	0.83%	0.07%	0.3%	1.64%	2.22%	3.04%	3.36%	2.21%	0.02%	0%	0.14%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	40.8%	41.55%	41.15%	39.65%	43.85%	43.87%	43.19%	43.29%	45.49%	47.38%	47.34%	45.76%
No. of shareholders	—	—	—	—	—	—	—	—	86,034	84,190	82,504	85,849

Loading shareholding…

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.

Loading f&o…

Fund holders

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

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	548	0	0.01%	0%	+1

Loading fund holders…

Documents

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

Announcements

Loading documents…

Events

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

5

Final dividend11 Sept 2026 · ex-date₹0.13
Final dividend12 Sept 2025 · ex-date₹0.13
Final dividend30 Aug 2024 · ex-date₹0.25
Final dividend4 Aug 2023 · ex-date₹0.2
Dividend dividend13 Sept 2021 · ex-date₹2

1

Board meeting to consider results5 Aug 2026

2

Face value ₹2 → ₹114 Nov 2024 · ex-date
Face value ₹10 → ₹213 Oct 2021 · ex-date

1–3 of 4

1 / 2

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

2 Sept 2026, 6:37 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 1:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

31 Aug 2026, 1:26 pmCorp. Action

Record Date For Dividend Distribution

Record Date PDF

31 Aug 2026, 1:23 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Dated 31.08.2026

Outcome without intimation PDF

24 Aug 2026, 6:57 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

22 Aug 2026, 10:40 amCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

10 Aug 2026, 6:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

10 Aug 2026, 3:25 pmCompany Update

Intimation Regarding Grant Of Stock Options Under JTL Industries Employee Stock Option Scheme-2025

General PDF

Date	Category	Subject	Filing
2 Sept 2026, 6:37 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
31 Aug 2026, 1:28 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF

Loading announcements…

122 deals · 11 Aug 2021 – 19 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
19 Jun 2026	ABSL UMBRELLA UCITS FUND PLC INDIA FRONTLINE EQUITY FUND	Bulk	BSE	Buy	20,00,000	₹72.00	₹14.40 Cr
19 Jun 2026	L7 SECURITIES PRIVATE LIMITED	Bulk	BSE	Sell	20,00,000	₹72.38	₹14.48 Cr
19 Jun 2026	L7 SECURITIES PRIVATE LIMITED	Bulk	BSE	Buy	20,00,000	₹76.05	₹15.21 Cr
5 May 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	20,52,835	₹79.30	₹16.28 Cr
23 Apr 2026	MADHU NIRMAL JAIN	Bulk	NSE	Buy	20,00,000	₹74.85	₹14.97 Cr
9 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	20,59,421	₹64.99	₹13.38 Cr
9 Apr 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	20,56,910	₹64.94	₹13.36 Cr
9 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	20,44,999	₹65.00	₹13.29 Cr
9 Apr 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	20,44,999	₹65.04	₹13.30 Cr
8 Apr 2026	ABAKKUS ASSET MANAGER PRIVATE LIMITED	Bulk	BSE	Buy	72,00,000	₹54.54	₹39.27 Cr

1–10 of 122

1 / 13

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Jtl Industries Limited

Jtl Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

5

1

2

Announcements

Not in the F&O segment

5

1

2

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Jtl Industries Limited

Jtl Industries Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends5

Board meetings1

Stock splits2

Announcements

Not in the F&O segment

Dividends5

Board meetings1

Stock splits2

Announcements

Quarterly record

Annual reports

Investor Presentation and earnings call

Bulk & block deals

Board and management

Ratio timeline

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

5

1

2

5

1

2