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On 6 Nov 2026, JTL INDUSTRIES was priced at ₹75.55, or 23.8× trailing earnings, against an industry P/E of 19.9×, and the shares are 20% below their 52-week high. Sales and net profit grew 11% and 4.6% a year over 3 years, with ROCE of 9.1% and ROE of 9.0%. Debt is 0.17× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹2,970 Cr, ranked 39th of 150 Steel companies by market cap; the shares rose 22% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹78.05
Day high
₹78.20
Day low
₹74.80
Prev. close
₹78.37
Volume
14.2 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsIn line

    +22.1% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 23.8 vs industry 19.9.

  • GrowthSteady

    Sales +11.3%, profit +4.6% a year over 3 years.

  • ProfitabilityWeak

    ROCE 9.1% vs peer median 18.7%.

  • Balance sheetStretched

    Debt 0.17× equity, interest covered 14.1×, Piotroski 3 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹2,970 Cr, #39 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,499 Cr · profit ₹121 Cr
Market cap
₹2,970 Cr
Small cap
P/E
23.8
Industry 19.9
Price to book
2.15
Peers 2.28
Dividend yield
0.17%
ROE
9.0%
Peers 23.4%
ROCE
9.1%
Peers 18.7%
Debt to equity
0.17
Debt ₹262 Cr
EPS (TTM)
₹3.17
Face value ₹1
OPM (TTM)
8.2%
Net margin 4.9%
Sales growth
+43.0%
Latest quarter vs a year ago
Profit growth
+31.5%
Latest quarter vs a year ago
Price to sales
1.19
EV/EBITDA 17.4

Strengths and risks

Strengths

  • Quarterly profit up 31.5% on a year ago.
  • Quarterly sales up 43.0% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About JTL INDUSTRIES

JTL Industries Limited manufactures and sells iron and steel products in India and internationally. It offers DFT structural steel pipes, galvanized steel tubes and pipes, solar module mounting structures, hollow steel section, solar mounting structures, steel tubular poles, and metal crash barriers. The company sells products under the TL Ultra, JTL Hulk, JTL Harvest, JTL Aqua, JTL Galv-Coat, JTL Agnirodhi, JTL Solarium, JTL Guard, JTL Unio, JTL Jumbo,…

Headquarters
Chandigarh
Employees
906
Sector
Basic Materials
ISIN
INE391J01032
Website
jtl.one

Price range

52 weeks

₹40.25₹94.00

Today

₹74.80₹78.20
Avg volume (3M)
35.3 L
1-year return
plus 22.1%
From 52-week high
minus 19.6%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
JTLINDJTL INDUSTRIES75.55minus 3.60%2,97023.820.59.1%8.2%0.1711.3%plus 22.1%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
429471693722614
395432635663563
34.738.657.758.750.8
8.1%8.2%8.3%8.1%8.3%
23.61.44.83.5
1.23.14.15.34.7
4.76.15.49.79.8
30.73349.548.439.7
27.8%19.9%23.6%27.0%27.0%
21.426.534.432.628.2
0.560.670.960.900.64

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+11.3%
Profit CAGR 3Y
+4.6%
EPS CAGR 3Y
+4.1%
ROE
9.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,5502,0411,9162,136
–+31.7%minus 6.1%+11.5%
1,4211,8881,7931,981
129153123155
8.3%7.5%6.4%7.3%
3.45.220.111.6
4.843.810.3
4.35.69.320.7
−1.11.81.6−0.5
123150132135
26.5%24.8%24.9%23.8%
90.111398.8103
–+25.4%minus 12.6%+4.3%
2.323.262.302.62

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.935.439.339.3
3907391,1791,447
1072076.2244
49.648.744.6266
5638431,3391,996
69.8117285660
4.4666.5159
16.25.810.322.7
50.110174.434.8
4236139031,120
5638431,3391,996

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4−21.6−246−67.4
−19.9−96.1−188−142
65.8169407170
49.851.1−26.8−39.7
−18.9−103−178−146
−14.9−125−424−213
–−1.7−4.8−2.5

Shareholding pattern

Source: NSE filings
49.3%
promoters
  • Promoters49.26%
  • Public50.74%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202649.26%50.74%0.00
30 Jun 202649.26%50.74%0.00
31 Mar 202649.26%50.74%0.00
31 Dec 202549.26%50.74%plus 0.35
30 Sep 202548.91%51.09%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you