JTL Industries Limited

NSE: JTLIND · Iron & Steel Products

52W Range₹40 ₹87

Snapshot

Unlock JTL Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

JTL Industries Limited is a manufacturer of steel pipes, tubes, and structural steel products, serving diverse sectors including infrastructure, solar power, and automotive. The company provides a comprehensive range of products such as ERW pipes, hollow sections, and solar module mounting structures, alongside turnkey EPC solutions.

Business Model

The company generates revenue through the manufacturing and sale of steel products and scaffolding systems, supplemented by solar turnkey EPC services and logistics support. It operates as a B2B supplier, catering to industrial, agricultural, and infrastructure projects both domestically and internationally.

  • Incorporation Year:1991

Growth Outlook

Growth is driven by the expansion of solar energy infrastructure and continued demand for structural steel in the construction and engineering sectors. The company's diversification into value-added products like solar module mounting structures positions it to benefit from the renewable energy transition.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and other raw materials can significantly impact profit margins.
  • Cyclicality of Steel Industry. The company's performance is sensitive to economic cycles and infrastructure spending patterns in India and abroad.
  • Regulatory and Trade Risks. Changes in export-import policies or anti-dumping duties on steel products could affect international competitiveness.
  • Competitive Intensity. The steel pipe and tube market is highly fragmented, leading to intense price competition from both large and unorganised players.

Price

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Key Metrics

REVENUE

₹2,136 Cr

TTM · consolidated

+11.5%YoY

NET PROFIT

₹103 Cr

TTM · consolidated

+4.3%YoY

EPS

₹2.61

TTM · consolidated

-37.6%YoY

RETURN ON EQUITY

8.0%

TTM · consolidated

-3.2 ppYoY

RETURN ON CAPITAL EMPLOYED

11.0%

TTM · consolidated

-4.2 ppYoY

P/E

29.3x

Q4 FY26 · consolidated

29.3 vs 15.6x5Y avg

EV/EBITDA

19.3x

Q4 FY26 · consolidated

19.3 vs 24.0x5Y avg

EBITDA MARGIN

7.8%

TTM · consolidated

+0.2 ppYoY

NET PROFIT MARGIN

5.5%

Q4 FY26 · consolidated

+1.9 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

+0.11xYoY

Peers · Iron & Steel Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
JTL Industries LimitedJTLIND
1,91729.3119.2511.5%7.8%8.0%11.0%-6.3%
Vardhman SpecialVSSL
2,24922.8114.18-0.6%11.9%13.3%18.7%+12.1%
Shivalik BimetalSBCL
2,20443.3929.4712.3%25.0%22.6%28.7%+25.2%
Venus PipesVENUSPIPES
2,00036.4819.9621.7%17.3%18.0%28.5%+11.4%
Rhetan TMT LtdRHETAN
1,973162.53165.05-34.2%62.0%37.9%42.9%+81.1%
MSP Steel & Pow.MSPL
1,64363.0313.36-2.1%6.4%3.4%2.4%+10.7%

As of Q4 FY26

Financials