JTL Industries Limited
NSE: JTLIND · Iron & Steel Products · sector
₹71.32NSE close 2026-10-26
Key numbers
Market cap₹2,803 cr
Price₹71.32
52w high / low₹94 / ₹40
P/E23.1xSector median 15.5x
P/B1.9xSector median 1.7x
Book value₹37.8
Dividend yield0.09%Sector median 0.60%
ROE8.5%Sector median 11.1%
ROCE10.1%Sector median 11.9%
OPM8.2%Sector median 6.7%
Debt / equity0.16xSector median 0.21x
EV/EBITDA15.8xSector median 11.8x
Interest cover12.7x
Current ratio3.22x
Sales growth 3y–Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG0.65x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹45 cr vs borrowings ₹244 cr (FY26): borrowings are higher by ₹200 cr.
- Operating profit covered interest 12.7x in the last 12 months.
- 5.00% of the promoters' shares are pledged (2.5% of all shares).
- Operating cash flow was below net profit in 3 of the last 3 years (FY26, FY25, FY24).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Debtor days went from 34 (FY24) to 71 (FY26).
- Dividend paid in 3 of the last 3 financial years.
- Price ₹71.32 on 2026-10-26: -24.1% from the 52-week high, +77.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹105.61 · low ₹48.58
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 480 | 451 | 469 | 544 | 429 | 471 | 693 | 722 |
| EBITDA | 30 | 35 | 18 | 23 | 35 | 39 | 58 | 59 |
| OPM % | 6.2% | 7.8% | 3.8% | 4.3% | 8.1% | 8.2% | 8.3% | 8.1% |
| Other income | 8 | 2 | 9 | 6 | 2 | 4 | 1 | 5 |
| Net profit | 26 | 25 | 17 | 17 | 21 | 26 | 34 | 33 |
| EPS (₹) | 0.69 | 0.63 | 0.43 | 0.42 | 0.56 | 0.67 | 0.96 | 0.90 |
| Revenue YoY | -10.5% | +4.2% | +47.5% | +32.7% | ||||
| Profit YoY | -18.7% | +5.5% | +104.5% | +96.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 2,040 | 1,916 | 2,136 | 2,314 |
| EBITDA | 152 | 123 | 154 | 190 |
| Net profit | 113 | 99 | 98 | 115 |
| EPS (₹) | 3.31 | 2.60 | 2.62 | 3.09 |
| Revenue growth | -6.1% | +11.5% | +19.0% | |
| Profit growth | -12.5% | -0.4% | +35.5% | |
| Dividend / share (₹) | 0.20 | 0.25 | 0.12 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +19.0% |
| Net profit | – | – | +35.5% |
| EPS | – | – | – |
| Share price | – | -14.6% (2y) | +8.8% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 775 | 1,218 | 1,487 |
| Borrowings | 20 | 76 | 244 |
| Cash & equivalents | 106 | 77 | 45 |
| Total assets | 843 | 1,339 | 1,996 |
| Fixed assets | 111 | 218 | 501 |
| Capital work in progress | 6 | 66 | 159 |
| Investments | 6 | 10 | 23 |
| Receivables | 193 | 280 | 414 |
| Inventory | 150 | 217 | 271 |
| Payables | 24 | 23 | 144 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | -22 | -246 | -67 |
| Cash from investing | -96 | -188 | -142 |
| Cash from financing | 169 | 407 | 170 |
| Capex | 103 | 178 | 146 |
| Free cash flow | -125 | -424 | -213 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 14.6% | 8.1% | 6.6% |
| ROCE % | 19.5% | 10.5% | 8.5% |
| Debtor days | 34 | 53 | 71 |
| Inventory days | 31 | 47 | 54 |
| Payable days | 5 | 5 | 29 |
| Cash conversion cycle (days) | 60 | 95 | 96 |
| Working capital days | 106 | 165 | 148 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 49.26% |
| FIIs | 5.98% |
| DIIs | 0.05% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 44.71% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 48.91% | 48.91% | 48.91% | 48.91% | 49.26% | 49.26% | 49.26% | 49.26% |
| Promoter group | % |
|---|---|
| Nikita Singla | 13.35% |
| Madan Mohan | 13.28% |
| Rakesh Garg (HUF) | 7.78% |
| Rakesh Garg | 6.69% |
| Pranav Singla | 3.61% |
| Dhruv Singla | 2.41% |
| Madan Mohan (HUF) | 0.75% |
| Prem Kumar and Sons HUF | 0.38% |
| Deepak Garg | 0.32% |
| Shukla Singla | 0.28% |
| Chetan Singla | 0.22% |
| Sweety Garg | 0.19% |
| Santosh Rani | 0.00% |
| Late Mithan Lal Singla | 0.00% |
| Vijay Singla | 0.00% |
| Public holders above 1% | % |
|---|---|
| Zenith Multi Trading DMCC | 2.81% |
| Peanence Commercial Private Limited | 1.90% |
| Laxmi Kant Swami | 1.23% |
| Biztropolis Tradelinks Private Limited | 1.09% |
96,949 shareholders. Pledged: 5.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| JTLIND | ₹2,803 cr | 23.1x | 1.9x | 8.5% | 10.1% | 8.2% | – | 0.09% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Re 0.125 Per Share |
| 2025-09-12 | Dividend | Dividend - Re 0.125 Per Share |
| 2024-11-14 | Split | Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share |
| 2024-08-30 | Dividend | Dividend - Re 0.25 Per Share |
| 2023-09-07 | Bonus | Bonus 1:1 |
| 2023-08-04 | Dividend | Dividend - Re 0.20 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Iron/Metal and Steel products and by products
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | JTLIND |
| BSE code | 534600 |
| ISIN | INE391J01032 |
| Face value | ₹1.0 |
| Incorporated | 1991-07-29 |
| Website | www.jtl.one |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.