



Capital Goods | Small Cap
JTL Industries Ltd. demonstrates strong financial health, characterized by exceptional growth, profitability, and solvency. The company operates with very little debt, making it financially stable and resilient. It has shown an impressive ability to grow its revenue and profits, and it is highly effective at turning sales into net income. This strong performance indicates successful market expansion and efficient operations. A key aspect of its current strategy is heavy reinvestment back into the business, as seen in significant capital expenditures. While this fuels future growth, it currently results in lower direct returns to shareholders, such as dividends. The company's ability to cover its financial obligations is excellent. However, a notable point of caution is its negative cash flow from core business operations, suggesting a reliance on external funding for its ambitious expansion plans. The future outlook depends on these large investments generating their expected returns.
JTL Industries Ltd. demonstrates strong financial health, characterized by exceptional growth, profitability, and solvency. The company operates with very little debt, making it financially stable and resilient. It has shown an impressive ability to grow its revenue and profits, and it is highly effective at turning sales into net income. This strong performance indicates successful market expansion and efficient operations. A key aspect of its current strategy is heavy reinvestment back into the business, as seen in significant capital expenditures. While this fuels future growth, it currently results in lower direct returns to shareholders, such as dividends. The company's ability to cover its financial obligations is excellent. However, a notable point of caution is its negative cash flow from core business operations, suggesting a reliance on external funding for its ambitious expansion plans. The future outlook depends on these large investments generating their expected returns.
Overall Valuation Score
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Last Traded Time
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P/E RATIO (TTM)
34.62
Industry Median
21.98
Small Cap Median
21.26
P/E RATIO
30.06
P/B RATIO
1.99
Industry Median
1.47
Small Cap Median
1.43
P/S RATIO
1.39
Industry Median
0.81
Small Cap Median
0.72
Others
PEG RATIO
0.80
EV/EBITDA RATIO
17.65
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹77.55 as on Aug 10, 2026.
The company has demonstrated an exceptional growth trajectory across all key areas, including revenue, profits, and assets, based on its weighted average performance. This indicates a period of rapid expansion and successful market penetration. The ability to grow earnings and income at such a high rate is a strong positive sign of business health and market demand. However, historical data includes projections for a near-term contraction, suggesting that this explosive growth phase may be followed by a period of consolidation or market adjustment.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 124.14 | 58.87 | 31.7 | -6.13 | 11.54 |
| Operating Profit Growth Rate | 121.21 | 76.71 | 18.6 | -19.61 | 25.2 |
| Earnings Per Share (EPS) Growth | 122.11 | 26.54 | 23.22 | -21.28 | -0.39 |
| Asset Growth Rate | 32.06 | 103.99 | 49.73 | 58.84 | 49.07 |
| Net Income Growth Rate | 150 | 80 | 25.56 | -12.39 | 4.04 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Goodluck India Ltd | 8.43 | 27.21 | Highly Overvalued | 398.00 | 52.18 | 183.00 |
| 2 | JTL Industries Ltd | 8.26 | 30.06 | Overvalued | 154.00 | 2.24 | 103.00 |
| 3 | Tembo Global Industries Ltd | 8.09 | 1.26 | Neutral | 142.00 | 33.85 | 98.00 |
| 4 | Hi-Tech Pipes Ltd | 7.92 | 22.38 | Neutral | 174.00 | 3.16 | 76.00 |
| 5 | Mahamaya Steel Industries Ltd | 7.80 | 142.14 | Neutral | 24.00 | 5.32 | 10.00 |
| 6 | Aeroflex Industries Ltd | 7.43 | 100.18 | Neutral | 100.00 | 4.18 | 56.00 |
| 7 | Hariom Pipe Industries Ltd | 7.39 | 16.37 | Neutral | 209.00 | 24.49 | 76.00 |
| 8 | Electrotherm (India) Ltd | 7.22 | 2.94 | Highly Undervalued | 372.00 | -12.70 | 442.00 |
| 9 | Jash Engineering Ltd | 6.64 | 42.03 | Highly Overvalued | 102.00 | 10.77 | 76.00 |
| 10 | Bharat Wire Ropes Ltd | 6.34 | 13.60 | Overvalued | 164.00 | 10.56 | 96.00 |
| 11 | Rama Steel Tubes Ltd | 6.05 | 59.38 | Neutral | 17.00 | 0.09 | 11.00 |
| 12 | Venus Pipes & Tubes Ltd | 5.87 | 32.91 | Neutral | 191.00 | 49.22 | 102.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Quarterly Report⬤11th May 26
Statement of Standalone Audited Financial Results for the Quarter and Period Ended March 31, 2026
NEUTRAL SENTIMENT
Quarterly Report⬤24th Jan 26
Quarterly Financial Results Q3 FY 2025-26
NEUTRAL SENTIMENT
JTL Industries Ltd is one of India's largest producers of electric resistance welded (ERW) steel pipes and tubes. It manufactures a diverse range of steel products including black and galvanized steel pipes, structural steel, and hollow sections. The company caters to vital sectors such as infrastructure, agriculture, construction, and industrial applications, holding a significant market position in its niche.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. JTL Industries Ltd's P/E ratio (TTM) is 34.62, compared to the industry median of 21.98 and large cap median of 21.26.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. JTL Industries Ltd's P/B ratio is 1.99, compared to the industry median of 1.47 and large cap median of 1.43.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. JTL Industries Ltd's P/S ratio is 1.39, compared to the industry median of 0.81 and large cap median of 0.72.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. JTL Industries Ltd's PEG ratio is 0.80.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. JTL Industries Ltd's EV/EBITDA ratio is 17.65.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. JTL Industries Ltd's ROE is 6.93%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. JTL Industries Ltd's ROA is 7.72%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. JTL Industries Ltd's ROCE is 10%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. JTL Industries Ltd's operating margin is 7.21%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. JTL Industries Ltd's net margin is 4.82%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. JTL Industries Ltd's current ratio is 2.74.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. JTL Industries Ltd's debt-to-equity ratio is 0.02.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. JTL Industries Ltd's interest coverage ratio is 13.27.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. JTL Industries Ltd's DPS is ₹0.13.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. JTL Industries Ltd's EPS is -0.39.
(Source line: "Ratios as of 10 Aug 2026, based on last traded price of ₹77.55. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
JTL Industries Ltd was incorporated in 1991 as JTL Infra Limited, commencing commercial production of ERW black pipes in 1995. The company expanded its product portfolio and manufacturing capacities over the years, listing on NSE and BSE in 2007. Key milestones include strategic capacity expansions, the acquisition of Cheema Boilers and Tubes Ltd. in 2020 (later renamed JTL Steel Tubes Limited), and its name change to JTL Industries Ltd in 2022, reflecting its diversified steel product offerings and focus on value-added segments.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Steel Products | 100% | N/A (Represents company-wide EBITDA) |
Mr. Bhupinder Singh: Chairman & Whole-Time Director. With the company since its inception, he provides strategic direction and leadership. Mr. Inder Mohan Singh: Managing Director. With over three decades of experience in the steel industry, he has been instrumental in driving JTL's operational expansion and market growth.
Notable recent corporate actions include a 1:1 Bonus Issue and a 1:10 Stock Split, both executed in September 2023. The company also undertook the acquisition of Cheema Boilers & Tubes Ltd. in 2020.
References
The JTL Industries Ltd share price today is ₹77.55 on NSE (JTLIND), as of 11 Aug 2026.
As of 10 Aug 2026, JTL Industries Ltd share price is ₹77.55, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, JTL Industries Ltd's market cap is ₹2,962.41 crore (Small Cap).
JTL Industries Ltd's current P/E ratio is 34.62, compared to the METALS & MINING sector average of 40.
JTL Industries Ltd's current P/B ratio is 1.99.
JTL Industries Ltd's current dividend yield is 0.17%. Last dividend of ₹0.20 per share was declared on 12-Feb-2024.
JTL Industries Ltd's EPS (TTM) is ₹-0.39.
JTL Industries Ltd is one of India's largest producers of electric resistance welded (ERW) steel pipes and tubes. It manufactures a diverse range of steel products including black and galvanized steel pipes, structural steel, and hollow sections. The company caters to vital sectors such as infrastructure, agriculture, construction, and industrial applications, holding a significant market position in its niche.
JTL Industries Ltd is promoted by Mr. Inder Mohan Singh and family, holding 49.26% as of 10 Aug 2026.
JTL Industries Ltd is listed on NSE (JTLIND) and BSE (534600). Its next quarterly results are expected on August 2024 (Q1 FY25).