JTL Defence (BSE: JTLDEFENCE) is loss-making over the last 12 months, losing ₹3.63 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹496.30, 46% below its 52-week high. Sales fell 5.7% a year over 3 years. Debt is 0.34× equity. It is a small-cap company with a market cap of ₹522 Cr, ranked 2nd of 8 Copper companies by market cap; the shares rose 650% over the past year.
- ₹515.00
- ₹516.50
- ₹496.30
- ₹506.40
- 1.8K
Health check
- ReturnsAhead
+650.4% over a year, better than 7 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthShrinking
Sales −5.7% a year over 3 years.
- ProfitabilityWeak
ROCE 0.4% vs peer median 26.8%.
- Balance sheetStretched
Debt 0.34× equity, interest covered 1.1×.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹522 Cr
- Small cap
- P/E
- n/a
- Industry 23.1
- Price to book
- 2.72
- Peers 2.80
- Dividend yield
- 0.00%
- ROE
- −19.9%
- Peers 11.5%
- ROCE
- 0.4%
- Peers 26.8%
- Debt to equity
- 0.34
- Debt ₹66 Cr
- EPS (TTM)
- −₹3.96
- OPM (TTM)
- 15.9%
- Net margin −6.4%
- Sales growth
- +450.9%
- Latest quarter vs a year ago
- Profit growth
- −268.2%
- Latest quarter vs a year ago
- Price to sales
- 9.22
- EV/EBITDA 55.9
Strengths and risks
Strengths
- Quarterly sales up 450.9% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −19.9%.
- Quarterly profit down 268.2% on a year ago.
- 46% below its 52-week high.
About JTL Defence
JTL Defence Limited manufactures and sells non-ferrous metal products in India and internationally. The company offers aluminum products, including aluminum, household, pharmaceutical, and container foils, as well as high content aluminum electric conduction; brass; and bronze products, such as aluminum bronze and phosphor bronze strip and coil. It also provides copper products comprising electrolytic tough pitch, deoxidized highly reduced phosphorous,…
- Headquarters
- Solan
- Employees
- 55
- Sector
- Basic Materials
- ISIN
- INE140B01048
- Website
- jtldefence.com
Price range
- Avg volume (3M)
- 4K
- 1-year return
- plus 650.4%
- From 52-week high
- minus 46.3%
Peers · Copper
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDCOPPERHindustan Copper | 421.15 | minus 1.45% | 40,726 | 35.9 | 26.7 | 34.5% | 41.5% | 0.03 | 22.5% | plus 28.6% |
| JTLDEFENCEJTL Defence | 496.30 | minus 1.99% | 522 | – | 137.6 | 0.4% | 15.9% | 0.34 | −5.7% | plus 650.4% |
| CUBEXTUBCubex Tubings | 191.43 | plus 2.00% | 274 | 26.3 | 47.3 | 15.2% | 3.6% | 0.52 | 14.7% | plus 105.4% |
| BHAGYANGRBhagyanagar India | 73.14 | minus 4.99% | 245 | 3.7 | 4.7 | 33.4% | 4.8% | 1.01 | 8.8% | minus 44.6% |
| BAROEXTBaroda Extrusion | 9.62 | minus 1.64% | 187 | 15.3 | 20.9 | 38.7% | 7.1% | 0.20 | 11.9% | plus 22.6% |
| MCLM TEK COPPER | 51.73 | minus 1.39% | 140 | 31.4 | 16.7 | 20.3% | 4.5% | 0.83 | – | plus 8.0% |
| RAJMETRajnandini Metal | 2.93 | minus 0.34% | 81 | – | – | – | 1.4% | 0.24 | – | minus 32.9% |
| SAGARDEEPSagardeep Alloys | 25.92 | minus 2.78% | 44 | 19.9 | 23.2 | 11.8% | 2.5% | 0.38 | 11.2% | minus 7.2% |
| Median of 7 peers | – | −1.45% | 187 | 23.1 | 22.0 | 26.8% | 4.5% | 0.38 | 11.9% | 8.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| – | 3.6 | 15.2 | 21.2 | 19.7 | |
| – | 2.5 | 11.5 | 18.8 | 17.5 | |
| −1.8 | 1.1 | 3.7 | 2.5 | 2.3 | |
| – | 31.2% | 24.2% | 11.6% | 11.4% | |
| 0 | 1.7 | −0 | 0 | 0 | |
| – | – | 1 | 0.9 | 0.8 | |
| 1.2 | 1.2 | 1.3 | 4 | 4 | |
| −2.9 | 1.6 | 1.4 | −2.4 | −2.6 | |
| −0.9% | 1.6% | −20.6% | −10.1% | −2.1% | |
| −3 | 1.6 | 1.7 | −2.7 | −2.6 | |
| -1.89 | 1.00 | 1.21 | -2.54 | -2.50 |
Profit & loss
- Sales CAGR 3Y
- −5.7%
- ROE
- −19.9%
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| – | 23 | 2.3 | 1 | 19.3 | |
| – | – | minus 90.0% | minus 57.3% | +1868.3% | |
| – | 29.9 | 4.5 | 2.1 | 15.1 | |
| – | −6.9 | −2.3 | −1.2 | 4.2 | |
| – | −30.1% | −98.1% | −117.8% | 21.9% | |
| – | 0.1 | 0.8 | 0.2 | 1.7 | |
| 0.2 | 1.6 | – | – | 1.1 | |
| 11.3 | 5.8 | 8.4 | 5.4 | 4.8 | |
| – | −14.2 | −9.8 | −6.4 | 0.1 | |
| – | −20.8% | 5.9% | −1.1% | −385.8% | |
| – | −17.2 | −9.2 | −6.4 | 0.3 | |
| – | -103.69 | -55.58 | -4.11 | 0.19 |
Forecast
Balance sheet
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| 15.7 | 15.7 | 15.7 | – | 10.5 | |
| −137 | −154 | −164 | – | 186 | |
| 234 | 236 | 236 | – | 59.8 | |
| 6.4 | 11.8 | 17.9 | – | 74.4 | |
| 118 | 109 | 106 | – | 330 | |
| – | 64.5 | 56.1 | 50.7 | 243 | |
| – | 8.5 | 8.5 | 8.5 | 6.7 | |
| – | 11.9 | 11.9 | 11.9 | 11.9 | |
| – | 2.3 | 1.9 | 1.9 | 2.1 | |
| 118 | 21.8 | 27.4 | – | 66.9 | |
| 118 | 109 | 106 | – | 330 |
Cash flow
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|
| −1.2 | 1.2 | 4.8 | −15.5 | |
| 0.6 | −0.1 | – | −7.9 | |
| 0.2 | 0.7 | – | 23.4 | |
| −0.4 | 1.8 | 5.6 | 0 | |
| – | – | – | −7.9 | |
| −1.2 | 1.2 | 4.8 | −23.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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