JTL Industries Ltd

79.526.58%

2026-08-21

jtl.oneBSE: 534600NSE: JTLIND
Market Cap₹ 2,929 Cr.
Current Price₹ 80
High / Low₹ 87 / 40
Stock P/E25.5
Book Value₹ 39
Price to Book2.85
Dividend Yield0.17 %
ROCE13.0 %
ROE12.4 %
Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.0%
  • Company has a healthy return on capital (ROCE) of 22.9%
  • Latest quarter profit grew 113.7% YoY, showing strong momentum
  • Company has consistently been profitable over the last 5 years

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Promoter holding has decreased over last 2 years: -5.0pp
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.87x)
  • Total debt has risen sharply - up 280.8% year on year
  • Working capital days have increased from 106 to 165 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.JSWSTEEL1296.0012.79316930.830.554696.00112.5847364.0011.5520.6719.60
2.TATASTEEL183.2520.73228759.332.182385.2418.8260794.2915.2612.7015.40
3.SAIL174.8516.9072222.231.341644.05120.8026245.671.256.3915.92
4.APLAPOLLO2142.5048.4059488.310.40263.1110.945606.7112.0722.907.34
5.JSL718.4518.2359230.430.56768.667.5611278.5410.5019.1912.09
6.WELCORP2004.1022.8952866.280.251047.88200.114081.1214.9123.9432.17
7.SHYAMMETL996.8024.7727823.860.453507.301106.6354550.901133.3513.8814.03
8.SARDAEN508.3015.8517911.540.39478.139.501608.04-1.0715.8441.59
9.JINDALSAW269.6026.3817241.140.7490.79-78.154452.319.0010.388.79
10.GPIL247.4520.6516655.800.40222.372.751750.4732.2923.5119.36
11.RATNAMANI2285.9037.0116022.330.44107.03-15.82971.63-15.6318.0116.69
12.JTLIND74.5225.542929.240.1735.37113.70721.6132.6813.038.14
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
505
469
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
1
34
Tax %
25.16%
Net Profit
0
2
Equity Capital
17
Reserves
418
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
418
Promoter Pledge %
0.00%
Sep 2023
502
465
Operating Profit
OPM %
Other Income
3
Interest
1
Depreciation
1
38
Tax %
26.16%
Net Profit
0
2
Equity Capital
34
Reserves
443
Promoter Pledge %
0.00%
Equity Capital
34
Reserves
443
Promoter Pledge %
0.00%
Dec 2023
567
525
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
2
40
Tax %
25.17%
Net Profit
0
1
Equity Capital
34
Reserves
485
Promoter Pledge %
0.00%
Equity Capital
34
Reserves
485
Promoter Pledge %
0.00%
Mar 2024
466
429
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
2
38
Tax %
22.59%
Net Profit
0
1
Equity Capital
35
Reserves
739
Promoter Pledge %
0.00%
Equity Capital
35
Reserves
739
Promoter Pledge %
0.00%
Jun 2024
516
476
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
2
41
Tax %
24.61%
Net Profit
31
1
Equity Capital
35
Reserves
774
Promoter Pledge %
0.00%
Equity Capital
35
Reserves
774
Promoter Pledge %
0.00%
Sep 2024
480
450
Operating Profit
OPM %
Other Income
8
Interest
1
Depreciation
2
35
Tax %
24.33%
Net Profit
26
1
Equity Capital
39
Reserves
1,148
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,148
Promoter Pledge %
0.00%
Dec 2024
452
416
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
2
34
Tax %
25.95%
Net Profit
25
1
Equity Capital
39
Reserves
1,170
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,170
Promoter Pledge %
0.00%
Mar 2025
469
452
Operating Profit
OPM %
Other Income
9
Interest
1
Depreciation
3
22
Tax %
24.84%
Net Profit
17
0
Equity Capital
39
Reserves
1,179
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,179
Promoter Pledge %
0.00%
Jun 2025
544
520
Operating Profit
OPM %
Other Income
6
Interest
3
Depreciation
4
22
Tax %
24.44%
Net Profit
17
0
Equity Capital
39
Reserves
1,197
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,197
Promoter Pledge %
0.00%
Sep 2025
429
395
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
5
31
Tax %
27.79%
Net Profit
22
1
Equity Capital
39
Reserves
1,214
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,214
Promoter Pledge %
0.00%
Dec 2025
471
432
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
6
33
Tax %
19.85%
Net Profit
26
1
Equity Capital
39
Reserves
1,239
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,239
Promoter Pledge %
0.00%
Mar 2026
693
635
Operating Profit
OPM %
Other Income
1
Interest
4
Depreciation
5
50
Tax %
23.61%
Net Profit
38
1
Equity Capital
39
Reserves
1,447
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,447
Promoter Pledge %
0.00%
Jun 2026
722
678
Operating Profit
OPM %
Other Income
5
Interest
5
Depreciation
10
48
Tax %
26.99%
Net Profit
35
0
Equity Capital
39
Reserves
1,481
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
1,481
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
436
403
Operating Profit
37
OPM %
9
Other Income
5
Interest
9
Depreciation
2
27
Tax %
26
Net Profit
20
EPS
3
Dividend Payout %
11
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2022
1,355
1,266
Operating Profit
93
OPM %
7
Other Income
4
Interest
8
Depreciation
3
82
Tax %
26
Net Profit
61
EPS
8
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2023
1,550
1,421
Operating Profit
134
OPM %
9
Other Income
5
Interest
6
Depreciation
4
123
Tax %
26
Net Profit
90
EPS
5
Dividend Payout %
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
2,041
1,888
Operating Profit
161
OPM %
8
Other Income
8
Interest
5
Depreciation
6
150
Tax %
25
Net Profit
113
EPS
6
Dividend Payout %
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2025
1,916
1,793
Operating Profit
145
OPM %
8
Other Income
22
Interest
5
Depreciation
9
132
Tax %
25
Net Profit
99
EPS
3
Dividend Payout %
5
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
Minority Interest
-0
Share of Associates
0
Adjusted EPS
3
TTM
2,314
2,139
Operating Profit
OPM %
Other Income
12
Interest
14
Depreciation
26
162
Tax %
25
Net Profit
122
EPS
Dividend Payout %
Minority Interest
-4
Share of Associates
0
Adjusted EPS
Minority Interest
-4
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
12%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
17%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
-6%
1 Year:
6%

RETURN ON EQUITY

10 Years:
5 Years:
29%
3 Years:
25%
Last Year:
12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2023

Sep 7

1:1

Bonus issue & Quarterly Results & Increase in Authorised Capital

2024

Sep 24

Stock Split & Increase in Authorised Capital & Bonus issue

Mar 2021
Equity Capital
11
71
52
Trade Payables
34
42
Total Liabilities
209
28
Capital Work in Progress
0
0
53
0
Cash & Bank
4
124
Total Assets
209
Total Debt
63
Net Working Capital
81
Contingent Liabilities
16
Book Value per Share
76.63
Face Value
10.00
Total Debt
63
Net Working Capital
81
Contingent Liabilities
16
Book Value per Share
76.63
Face Value
10.00
Mar 2022
Equity Capital
12
178
84
Trade Payables
26
39
Total Liabilities
339
49
Capital Work in Progress
3
12
119
0
Cash & Bank
2
154
Total Assets
339
Total Debt
94
Net Working Capital
131
Contingent Liabilities
9
Book Value per Share
32.16
Face Value
2.00
Total Debt
94
Net Working Capital
131
Contingent Liabilities
9
Book Value per Share
32.16
Face Value
2.00
Mar 2023
Equity Capital
17
294
98
Trade Payables
29
126
Total Liabilities
563
65
Capital Work in Progress
4
16
168
0
Cash & Bank
53
257
Total Assets
563
Total Debt
107
Net Working Capital
332
Contingent Liabilities
25
Book Value per Share
36.88
Face Value
2.00
Total Debt
107
Net Working Capital
332
Contingent Liabilities
25
Book Value per Share
36.88
Face Value
2.00
Mar 2024
Equity Capital
35
506
20
Trade Payables
24
258
Total Liabilities
843
111
Capital Work in Progress
6
6
150
193
Cash & Bank
106
271
Total Assets
843
Total Debt
20
Net Working Capital
595
Contingent Liabilities
78
Book Value per Share
30.57
Face Value
2.00
Total Debt
20
Net Working Capital
595
Contingent Liabilities
78
Book Value per Share
30.57
Face Value
2.00
Mar 2025
Equity Capital
39
1,010
65
Trade Payables
23
202
Total Liabilities
1,339
218
Capital Work in Progress
66
10
217
280
Cash & Bank
77
469
Total Assets
1,339
Total Debt
76
Net Working Capital
869
Contingent Liabilities
27
Book Value per Share
26.70
Face Value
1.00
Total Debt
76
Net Working Capital
869
Contingent Liabilities
27
Book Value per Share
26.70
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
-5
Cash from Investing
-8
Cash from Financing
12
-0
Free Cash Flow
-5
OCF / Net Profit
-0.25
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.25
Cumulative 5-Year FCF
0
Mar 2022
17
Cash from Investing
-34
Cash from Financing
17
-0
Free Cash Flow
-26
OCF / Net Profit
0.28
Cumulative 5-Year FCF
0
OCF / Net Profit
0.28
Cumulative 5-Year FCF
0
Mar 2023
4
Cash from Investing
-20
Cash from Financing
66
50
Free Cash Flow
-15
OCF / Net Profit
0.04
Cumulative 5-Year FCF
0
OCF / Net Profit
0.04
Cumulative 5-Year FCF
0
Mar 2024
-22
Cash from Investing
-96
Cash from Financing
169
51
Free Cash Flow
-75
OCF / Net Profit
-0.19
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.19
Cumulative 5-Year FCF
0
Mar 2025
-246
Cash from Investing
-188
Cash from Financing
407
-27
Free Cash Flow
-422
OCF / Net Profit
-2.49
Cumulative 5-Year FCF
0
OCF / Net Profit
-2.49
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
18.91
Book Value (₹)
76.63
Dividend per Share (₹)
2.00
Cash EPS (₹)
1.03
Operating Margin %
8.58%
Net Margin %
4.60%
ROE %
24.68%
ROCE %
22.30%
9.58%
Debtor Days
80
Inventory Days
44
Payable Days
31
93
Debt to Equity (x)
0.78x
Interest Coverage (x)
4.12x
1.82x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
10.32
Book Value (₹)
32.16
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.71
Operating Margin %
6.88%
Net Margin %
4.51%
ROE %
44.96%
ROCE %
39.85%
22.26%
Debtor Days
28
Inventory Days
23
Payable Days
9
42
Debt to Equity (x)
0.49x
Interest Coverage (x)
11.67x
2.02x
Revenue Growth %
211.02%
Operating Profit Growth %
149.23%
Net Profit Growth %
204.35%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
10.69
Book Value (₹)
36.88
Dividend per Share (₹)
0.20
Cash EPS (₹)
2.80
Operating Margin %
8.67%
Net Margin %
5.82%
ROE %
35.95%
ROCE %
32.01%
19.97%
Debtor Days
30
Inventory Days
34
Payable Days
7
56
Debt to Equity (x)
0.34x
Interest Coverage (x)
20.31x
3.35x
Revenue Growth %
14.36%
Operating Profit Growth %
44.09%
Net Profit Growth %
47.60%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
6.38
Book Value (₹)
30.57
Dividend per Share (₹)
0.25
Cash EPS (₹)
3.35
Operating Margin %
7.48%
Net Margin %
5.54%
ROE %
26.52%
ROCE %
23.73%
16.06%
Debtor Days
30
Inventory Days
28
Payable Days
5
53
Debt to Equity (x)
0.04x
Interest Coverage (x)
30.49x
10.18x
Revenue Growth %
31.67%
Operating Profit Growth %
19.77%
Net Profit Growth %
25.39%
-40.25%
P/E (x)
14.40x
P/B (x)
6.01x
Dividend Yield %
0.14%
19.70x
Mar 2025
EPS (₹)
2.51
Book Value (₹)
26.70
Dividend per Share (₹)
0.12
Cash EPS (₹)
2.75
Operating Margin %
6.42%
Net Margin %
5.16%
ROE %
12.43%
ROCE %
13.03%
9.06%
Debtor Days
45
Inventory Days
35
Payable Days
5
75
Debt to Equity (x)
0.07x
Interest Coverage (x)
30.09x
9.47x
Revenue Growth %
-6.10%
Operating Profit Growth %
-9.61%
Net Profit Growth %
-12.55%
-60.62%
P/E (x)
30.23x
P/B (x)
2.85x
Dividend Yield %
0.16%
20.54x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
54.24
5.82
0.30
Government
0.00
39.64
Sep 2024
48.91
5.60
1.64
Government
0.00
43.86
Dec 2024
48.91
5.00
2.22
Government
0.00
43.88
Mar 2025
48.91
4.86
3.04
Government
0.00
43.19
Jun 2025
48.91
4.44
3.36
Government
0.00
43.29
Sep 2025
48.91
3.39
2.21
Government
0.00
45.49
Dec 2025
49.26
3.34
0.02
Government
0.00
47.38
Mar 2026
49.26
3.40
0.00
Government
0.00
47.34
Jun 2026
49.26
4.84
0.14
Government
0.00
45.76

Documents

Announcements

Credit Ratings

Nothing filed yet.

Concalls