JTL Industries Limited (IN:JTLIND)
:JTLIND
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JTL Industries Limited
(JTLIND)
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Rating:68Neutral
Price Target:
₹87.00
▲(52.04% Upside)
Action:ReiteratedDate:04/10/26
The score is driven primarily by solid financial performance (growth and profitability with a strong balance sheet) but is held back by cash flow weakness from negative operating/free cash flow. Technical signals are mixed with negative MACD despite improving trend vs key moving averages, and valuation/income support is only moderate due to a mid-range P/E and very low dividend yield.
Positive Factors
Strong Balance Sheet
Low leverage and a high equity ratio provide durable financial flexibility. This strengthens the company’s ability to fund operations, absorb cyclical downturns, and support capital investments or working-capital needs without excessive refinancing risk, underpinning long-term stability.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow erodes the company’s ability to self-fund growth and capex. Continued reliance on financing increases liquidity and execution risk, could constrain dividends or reinvestment, and raises vulnerability if funding conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Low leverage and a high equity ratio provide durable financial flexibility. This strengthens the company’s ability to fund operations, absorb cyclical downturns, and support capital investments or working-capital needs without excessive refinancing risk, underpinning long-term stability.
Read all positive factors
JTL Industries Limited (JTLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.37B
Dividend Yield0.21%
Average Volume (3M)97.59K
Price to Earnings (P/E)22.3
Beta (1Y)1.40
Revenue Growth-3.01%
EPS Growth-33.82%
CountryIN
Employees735
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)N/A
Shares Outstanding393,081,630
10 Day Avg. Volume62,390
30 Day Avg. Volume97,586
Financial Highlights & Ratios
PEG Ratio-1.39
Price to Book (P/B)2.45
Price to Sales (P/S)1.56
P/FCF Ratio-7.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.87
Revenue Forecast (FY)₹32.49B
JTL Industries Limited Business Overview & Revenue Model
Company Description
JTL Industries Limited manufactures and sells steel pipes and tubes in India. The company offers galvanized, welded black, and electrogalvanized steel pipes and tubes for use in structural, mechanical, and general engineering purposes; ERW pipes f...
How the Company Makes Money
JTL Industries makes money primarily by manufacturing and selling steel tubes and pipes (typically welded/ERW products) and allied hollow-section steel products to customers across construction/infrastructure and industrial end-markets. Revenue is...
JTL Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.94B | 19.16B | 20.40B | 15.50B | 13.54B | 4.34B |
| Gross Profit | 2.35B | 1.97B | 2.42B | 1.64B | 1.22B | 403.76M |
| EBITDA | 1.30B | 1.45B | 1.60B | 1.32B | 920.83M | 358.70M |
| Net Income | 797.33M | 988.25M | 1.13B | 901.28M | 610.63M | 200.63M |
Balance Sheet | ||||||
| Total Assets | 15.39B | 13.39B | 8.43B | 5.63B | 3.39B | 2.09B |
| Cash, Cash Equivalents and Short-Term Investments | 164.23M | 773.03M | 1.01B | 531.41M | 2.58M | 2.12M |
| Total Debt | 1.66B | 761.74M | 200.05M | 1.07B | 943.13M | 631.15M |
| Total Liabilities | 2.74B | 1.20B | 687.33M | 1.56B | 1.42B | 1.12B |
| Stockholders Equity | 12.53B | 12.18B | 7.75B | 4.07B | 1.98B | 969.05M |
Cash Flow | ||||||
| Free Cash Flow | -1.40B | -4.14B | -1.25B | -149.47M | -45.15M | -115.92M |
| Operating Cash Flow | -803.22M | -2.36B | -221.26M | 39.70M | 170.86M | -49.61M |
| Investing Cash Flow | -846.45M | -2.02B | -955.89M | -199.28M | -343.31M | -75.66M |
| Financing Cash Flow | 930.60M | 4.11B | 1.69B | 657.85M | 170.41M | 122.00M |
JTL Industries Limited Technical Analysis
Positive
57.22
Price Trends
59.00
Positive
61.56
Positive
67.08
Negative
Market Momentum
2.74
Negative
64.14
Neutral
83.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JTLIND, the sentiment is Positive. The current price of 57.22 is above the 20-day moving average (MA) of 54.66, below the 50-day MA of 59.00, and below the 200-day MA of 67.08, indicating a neutral trend. The MACD of 2.74 indicates Negative momentum. The RSI at 64.14 is Neutral, neither overbought nor oversold. The STOCH value of 83.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:JTLIND.
JTL Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹39.46B | 13.17 | ― | ― | 17.03% | 57.02% | |
70 Outperform | ₹142.42B | 11.99 | ― | 1.18% | -14.08% | -44.01% | |
68 Neutral | ₹31.37B | 22.33 | ― | 0.21% | -3.01% | -33.82% | |
68 Neutral | ₹528.51B | 42.84 | ― | 0.31% | 8.79% | 79.95% | |
68 Neutral | ₹85.75B | 7.74 | ― | 1.82% | -5.01% | 11.50% | |
68 Neutral | ₹185.21B | 37.97 | ― | 0.60% | 3.17% | 10.59% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
IN:JTLIND
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JTL Industries Limited Corporate Events
JTL Industries Subsidiary JTL Defence Gets BSE Trading Nod for Over 10.5 Million Shares
Apr 24, 2026
JTL Industries Limited has announced that its subsidiary, JTL Defence Limited (formerly RCI Industries Technologies Limited), has secured trading approval from BSE Limited for 10,526,315 equity shares with a face value of Rs. 10 each. These share...
JTL Industries Hits Record Sales Volumes in Q4 and FY26, Boosts Export Share
Apr 2, 2026
JTL Industries Limited reported record operating momentum in the March quarter, with its highest-ever quarterly sales volume of 123,262 metric tonnes in Q4 FY26, up 50.5% year-on-year and 36.3% sequentially on the back of strong demand and better ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.