JTL Industries
- Market cap
- ₹ 2,850 Cr.
- P/E
- 24.1x
- P/B
- 2.03x
- 52-week range
- 40.25 – 94
- ROE
- 7%
- ROCE
- 10%
- Dividend yield
- 0.2%
- Debt / equity
- 0.16
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
JTL Industries Limited is an India-based producer of Electric Resistance Welded (ERW) steel pipes, including the manufacture of section pipes and tubes. The Company is engaged in the manufacturing and sale of iron and steel products. Its geographical segments include India and Rest of the world. Its products and services include JTL MS Structura, JTL Jumbo, JTL Ultra, JTL Jal Jaan, JTL Galva Flow, JTL Surya Kiran, JTL Agnirodhi, JTL Road Guard, and JTL Uniq. The Company’s offerings include value-added products such as galvanized steel pipes, solar module mounting structures, and large-diameter steel tubes and pipes. These products are used across agriculture, water distribution, energy and engineering, heavy vehicles, construction, building materials, and other infrastructure applications. Its manufacturing facilities are located in Derabassi, Mangaon, Mandi Gobindgarh, and Raipur. The Company has one subsidiary, JTL Tubes Limited, which is engaged in the manufacture of steel pipes.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →JTL Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)24.1 against a typical 18.6: pricier than most peers (1st = cheapest).83rd of 146
- Sales growth+32.7% against a typical +13.1% from a year earlier.24th of 117
- Profit growth+105.9% against a typical +26.2% from a year earlier.20th of 105
- Share price, 3 months+0.3% against a typical −3.1%.54th of 135
- Size₹ 2,849.9 Cr. market value against a typical ₹ 156.5 Cr. (1st = largest).19th of 135
Latest announcements
Exchange filings and their impact on the company.
- JTL gets CPWD approval as preferred maker, opening a new government sales channel.
JTL Industries received approval from the Chief Engineer, CPWD, NDZ-III, New Delhi for inclusion of its products in the approved list of preferred makers for works under its jurisdiction. The company disclosed this via a press release on October 13, 2026. This allows JTL to supply to CPWD projects in that zone, supporting future government-led sales, but no order value was announced.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by Infomerics- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR A | Stabe | 2 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 2 Apr 2026 | Reaffirmed | IVR A | — | Infomerics | ₹ 159 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 11 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, recommendation of final dividend for FY 2025-26 and other business matters |
| 24 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 10 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 16 Jul 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 27 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 502 | 567 | 466 | 516 | 480 | 452 | 469 | 544 | 429 | 471 | 693 | 722 |
| Expenses | 465 | 525 | 429 | 476 | 450 | 416 | 452 | 520 | 395 | 432 | 635 | 663 |
| Operating Profit | 37 | 43 | 37 | 40 | 30 | 35 | 18 | 23 | 35 | 39 | 58 | 59 |
| OPM % | 7% | 7% | 8% | 8% | 6% | 8% | 3.8% | 4.3% | 8% | 8% | 8% | 8% |
| Other Income | 3 | 1 | 4 | 4 | 8 | 2 | 9 | 6 | 2 | 4 | 1 | 5 |
| Interest | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 3 | 4 | 5 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 5 | 10 |
| Profit before tax | 38 | 40 | 38 | 41 | 35 | 34 | 22 | 22 | 31 | 33 | 50 | 48 |
| Tax % | 26% | 25% | 23% | 25% | 24% | 26% | 25% | 24% | 28% | 20% | 24% | 27% |
| Net Profit | 28 | 30 | 30 | 31 | 26 | 25 | 17 | 17 | 22 | 26 | 38 | 35 |
| EPS in Rs | 0.82 | 0.88 | 0.86 | 0.89 | 0.69 | 0.65 | 0.44 | 0.43 | 0.56 | 0.69 | 0.9 | 0.85 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 37%
- 3 Years
- 11%
- TTM
- 19%
- 10 Years
- —
- 5 Years
- 37%
- 3 Years
- 3%
- TTM
- 36%
- 10 Years
- 37%
- 5 Years
- 13%
- 3 Years
- −8%
- TTM
- —
- 10 Years
- —
- 5 Years
- 14%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| JTL Industries | ₹ 74.10 | ₹ 2,850 Cr. | 24.1x | 2x | 7% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Dhruv Singla
- Chief Financial Officer, Executive Director
- Amrender Kumar Yadav
- Compliance Officer, Company Secretary
- Madan Mohan Singla
- Managing Director, Executive Non-Independent Director
- Rakesh Garg
- Whole-Time Director
- Rakesh Mohan Garg
- Whole-time Director
- Sanjeev Gupta
- Director - Operations, Additional Executive Director
- Pranav Singla
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.