JTLINDIndustrials

JTL INDUSTRIES LIMITED

Iron & Steel Products · ISIN INE391J01032 · BSE 534600 · NSE EQ · FV ₹1
Last price
₹79
+7.26%today
What this company does

JTL INDUSTRIES LIMITED operates in Iron & Steel Products, part of the Industrials sector. It booked ₹614 cr of revenue in its latest quarter (Q2 FY27) and kept 4.6% of sales as profit.

“Shaping the Future. Delivering Solutions. JTL Industries Limited (hereafter referred to as ‘JTL’ or ‘The Company’) is amongst the leading building material solutions company, focussed on delivering high-quality, value- added steel pipes and tubes across diverse end-user sectors.”
In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 52–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
38

At close. Not part of the score.

Profitability & returns40

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality9

Whether reported profit actually arrives as cash

Valuation20

What today's price implies, against our models or its peers

Governance & risk85

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 43% vs last year
✓ Profit up 31% vs last year
✓ Promoters hold 49%
✓ Turns profit into real cash
Watch-outs
! Thin 4.6% net margin
! 5.0% of promoter stake pledged
! Low 7.3% return on equity

What if I invest in JTLIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹79▲ +7.26%
latest close · 2026-11-04
52-wk low ₹6974 sessions so far52-wk high ₹94
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio31.0High
LowAverageHigh
P/B ratio2.02Moderate
Below bookModerateHigh
EV / EBITDA15.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.3%Weak
WeakFairStrong ▸15%
Return on capital10.6%Fair
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin8.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover9.4×Strong
RiskyOkayStrong ▸5×
Current ratio3.32Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,118 cr
Book value
₹39
EPS
₹0.64
latest quarter
Net debt
₹259 cr
owes more than its cash
Enterprise value
₹3,377 cr
EBITDA
₹216 cr
annualised
EBIT
₹177 cr
annualised
Operating margin
7.2%
Return on assets
5.5%
Earnings yield
3.23%
P/S
1.27
Sales / share
₹62.5
Tax rate
27.2%
Face value
₹1
Shares
39.3 cr
Working capital
₹873 cr
Current assets
₹1,249 cr
Current liabilities
₹376 cr
Delivery %
37.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹38 vs market price ₹79 — price is 108% above it
Safety cushion-107.6%(target ≥ +20%)
Models span ₹23–₹54, midpoint ₹38
Model ₹38
Price ₹79
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹614 cr
Other Income₹3 cr
Total Income₹617 cr
Cost of Materials₹498 cr
Purchases of Stock-in-Trade₹52 cr
Inventory Change (±)₹-29 cr
Employee Benefit Expense₹13 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹30 cr
Total Expenses₹578 cr
Profit before Tax₹40 cr
Tax Expense₹11 cr
Share of JV / Associates₹15.7 L
Net Profit₹29 cr
Net margin on total income4.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹520 cr84.3%
Employee benefit expense₹13 cr2.1%
Finance costs₹5 cr0.8%
Depreciation & amortisation₹10 cr1.6%
Other expenses₹30 cr4.8%
Tax expense₹11 cr1.7%
Profit for the period₹29 cr4.7%
Total income ₹617 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue693 cr722 cr614 cr
Total income694 cr726 cr617 cr
Expenses644 cr678 cr578 cr
Profit before tax50 cr48 cr40 cr
Tax12 cr13 cr11 cr
Net profit (owners' share)34 cr33 cr28 cr
Net margin (owners' share, on revenue)5.0%4.5%4.6%
EPS (₹)0.960.900.64
YoY (latest quarter): total income +43.1% · net profit +31.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹2,043 cr
Shareholder equity
₹1,544 cr
parent shareholders
Total debt
₹262 cr
Cash
₹2 cr
Cash flow · H1 FY27
Operating
₹50 cr
Investing
₹-85 cr
Financing
₹3 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,316₹61,083 cr30.6
APL Apollo Tubes Limited₹2,153₹59,783 cr39.5
Shyam Metalics and Energy Limited₹1,220₹33,885 cr16.6
Ratnamani Metals & Tubes Limited₹2,380₹16,682 cr50.8
Jindal Saw Limited₹247₹15,794 cr83.4
Usha Martin Limited₹461₹14,057 cr24.7
Gallantt Ispat Limited₹526₹12,693 cr52.4
Godawari Power And Ispat limited₹193₹11,889 cr13.4
Jayaswal Neco Industries Limited₹90₹8,704 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.16%
trailing 12 months
Dividend / share (TTM)
₹0.13
Last dividend
₹0.13
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹0.13 / share11 Sep 2026
Dividend₹0.13 / share12 Sep 2025
Stock splitStock Split From Rs.2/- to Rs.1/-14 Nov 2024
Dividend₹0.25 / share30 Aug 2024
Bonus issue1:17 Sep 2023
Dividend₹0.2 / share4 Aug 2023
Who owns it · 2026-09-30
⚑ 5.0% pledged
Promoter
49.3%
FII / Foreign
6.0%
DII / Domestic
0.1%
Retail / others
44.7%
Promoter stake down 5.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPRANAV SINGLA · -9.14 L · ₹18.3 cr7 Dec 23
BoughtNIKITA SINGLA · Promoter Group1.13 cr27 Sep 23
SoldVIJAY SINGLA · Promoter Group1.13 cr27 Sep 23
Bulk / block deals
short— · NSE428 Aug 26
short— · NSE124 Aug 26
short— · NSE509 Jul 26
Stake changes
BoughtMr. Pranav Singla · promoter→ 3.61% · 87.93 L10 Dec 25
SoldMr. Vijay Singla · promoter→ 0.00% · 87.93 L10 Dec 25
BoughtMr. Vijay Singla · promoter→ 2.24% · 87.93 L1 Dec 25
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.37 cr votes for, 3,157 against · 0% of mutual funds and other big investors said no
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.37 cr votes for, 3,157 against · 0% of mutual funds and other big investors said no
3
To declare the Final Dividend of Rs. 0.125/- (i.e. @12.50%) per equity share of face value of Rs. 1/- each to the shareholders of the Company, for the FY 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.37 cr votes for, 12,581 against · 0% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Rakesh Garg (DIN: 00184081), who retires by rotation and being eligible offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
1.36 cr votes for, 83,112 against · 2% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 18 named members
owning 49.3% between them · as of 2026-09-30
Nikita Singla13.35%
Madan Mohan13.28%
Rakesh Garg (HUF)7.78%
Rakesh Garg6.69%
Pranav Singla3.61%
Dhruv Singla2.41%
Madan Mohan (HUF)0.75%
Prem Kumar and Sons HUF0.38%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Aug 2025 by selling shares to selected investors

As of Sep 2025, the company says it has spent 100% of what it set aside. CARE Ratings Limited watches the spending on the exchange’s behalf.

Investment in Mega Project, Capital Expenditure towards development, refurbishment and renovation of Assets, either through wholly owned subsidiaries/subsidiaries/associates; Working Capital Requirements; General Corporate Purposes, including financing of Business Opportunities (either organic or inorganic), and any other cost incurred towards the objects of the Company, brand building, acquisition of Offices, Retail Spaces and Warehouses etc. to expand the Company’s distribution network pan- India and strengthen the business operations; Issue Related Expenses
100%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Money raised in Jun 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet. CARE Ratings Limited watches the spending on the exchange’s behalf.

Investment in Mega Project, Capital Expenditure towards development, refurbishment and renovation of Assets, either through wholly owned subsidiaries/subsidiaries/associates; Working Capital Requirements; General Corporate Purposes, including financing of Business Opportunities (either organic or inorganic), and any other cost incurred towards the objects of the Company, brand building, acquisition of Offices, Retail Spaces and Warehouses etc. to expand the Company’s distribution network pan- India and strengthen the business operations; Issue Related Expenses
—
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.