JTL Industries Limited (IN:JTLIND)
:JTLIND
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JTL Industries Limited
(JTLIND)
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Rating:65Neutral
Price Target:
₹44.00
▼(-23.10% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by solid financial strength (growth and profitability with low leverage) but is held back by weak cash flow conversion and negative free cash flow. Technicals are meaningfully bearish with price below all major moving averages and a negative MACD, while valuation is only moderately supportive due to a mid-range P/E and very low dividend yield.
Positive Factors
Balance Sheet Strength
Low leverage and a high equity ratio provide durable financial flexibility, lowering refinancing and solvency risk across cycles. This balance sheet strength supports continued capex, working capital needs, and strategic investments without immediate reliance on volatile market funding sources.
Negative Factors
Weak Cash Flow Conversion
Persistently negative operating and free cash flow reduces internal funding capacity and raises reliance on external financing. Over the medium term this can constrain strategic flexibility, elevate liquidity risk during downturns, and pressure the company's ability to translate accounting earnings into real cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Low leverage and a high equity ratio provide durable financial flexibility, lowering refinancing and solvency risk across cycles. This balance sheet strength supports continued capex, working capital needs, and strategic investments without immediate reliance on volatile market funding sources.
Read all positive factors
JTL Industries Limited (JTLIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹19.59B
Dividend Yield0.21%
Average Volume (3M)97.59K
Price to Earnings (P/E)22.3
Beta (1Y)1.26
Revenue Growth-9.50%
EPS Growth-39.90%
CountryIN
Employees735
SectorConsumer Defensive
Sector Strength42
IndustrySteel
Share Statistics
EPS (TTM)0.80
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 Target
₹78.00Price Target Upside36.32% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.73
Revenue Forecast (FY)₹32.90B
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 primarily makes money by manufacturing and selling steel tubes and pipes (including various types of hollow sections and structural/line pipe products) to customers in domestic markets. Revenue is generated from order-based sales wh...
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
Negative
57.22
Price Trends
61.27
Negative
61.53
Negative
67.77
Negative
Market Momentum
-3.76
Negative
43.53
Neutral
40.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JTLIND, the sentiment is Negative. The current price of 57.22 is above the 20-day moving average (MA) of 50.86, below the 50-day MA of 61.27, and below the 200-day MA of 67.77, indicating a bearish trend. The MACD of -3.76 indicates Negative momentum. The RSI at 43.53 is Neutral, neither overbought nor oversold. The STOCH value of 40.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹34.88B | 20.71 | ― | 0.38% | 9.57% | 3.24% | |
65 Neutral | ₹19.59B | 22.33 | ― | 0.21% | -9.50% | -39.90% | |
64 Neutral | ₹19.63B | 23.35 | ― | 3.64% | -8.09% | -12.59% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ₹24.22B | 30.64 | ― | 0.33% | 13.73% | 32.07% | |
60 Neutral | ₹17.20B | 28.74 | ― | 0.02% | 17.13% | 104.51% | |
58 Neutral | ₹17.42B | 37.48 | ― | 0.14% | -6.76% | -31.51% |
* Consumer Defensive Sector Average
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JTL Industries Limited Corporate Events
JTL Industries Posts Analyst Call Recording on Q3 FY2025 Results
Jan 25, 2026
JTL Industries Limited has notified the stock exchanges that the audio recording of its analysts and investors conference call discussing the unaudited financial results for the quarter ended December 31, 2025, has been uploaded to its corporate w...
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.