1:1 Bonus Share and Promoter bought 3,00,000 shares & FIIs bought 68,63,325 shares: This debt-free steel tube manufacturer achieves highest ever annual sales volume!

The stock gave multibagger returns of 290 per cent in 3 years and a whopping 1,450 per cent in 5 years.

JTL Industries Limited (JTL), a leading manufacturer of steel tubes including ERW Black Pipes, Pre-Galvanized and Galvanized Steel Pipes, Large Diameter options, and hollow structures, achieved a record-breaking performance in FY24. They reached their highest-ever sales volume of 341,846 MT, reflecting a strong 42.25 per cent growth rate compared to the previous year's 240,316 MT. This success wasn't limited to just volume; JTL also saw a significant rise of 34.45 per cent in sales of value-added products, reaching 99,818 MT in FY24 from 74,243 MT in FY23.

Additionally, JTL Industries Limited (JTL) is experiencing a period of exceptional growth, having achieved a debt-free status and nearing the implementation of innovative DFT technology. This technology, scheduled to be operational by Q1FY25, will significantly enhance JTL's production capacity by allowing it to manufacture larger-diameter pipes and 300+ SKUs of value-added products. This translates to over 300 new high-value products and is expected to substantially boost their EBITDA margins. The timely arrival and commissioning of the DFT machines reflect JTL's commitment to operational efficiency and innovation, solidifying their position for continued profitability as they surpass their previous year's sales volume in just the first nine months.

Earlier, the company's promoter, Mr Pranav Singla bought 3,00,000 shares or 0.17 per cent via open market as per disclosure available on the exchange. His stake increased from 1.07 per cent to 1.24 per cent. Additionally, in February 2024, FIIs bought 68,63,325 shares and increased their stake to 4.62 per cent compared to 1.62 per cent in December 2023.

JTL Industries Ltd, a leading manufacturer in India, supplies steel tubes, pipes, and related products. Their offerings include ERW pipes, galvanized pipes, and even solar structures. Operating across various industries like infrastructure and energy, JTL boasts a wide client base including Tata Power, Ashok Leyland, and Siemens. With a current capacity of nearly 590,000 MTPA and plans to expand to 1 million MTPA by 2025, they are continuously focusing on increasing the production of value-added products.

According to Quarterly Results, the net sales increased by 65.26 per cent to Rs 567.35 crore and net profit increased by 47.24 per cent to Rs 30.18 crore in Q3FY24 compared to Q3FY23. According to the nine-month results (9MFY24), the net sales increased by 46.1 per cent to Rs 1,574.3 crore and net profit increased by 56.1 per cent to Rs 83.5 crore in 9M FY24 compared to 9M FY23. The net sales increased by 15 per cent to Rs 1,547 crore and net profit increased by 48 per cent to Rs 90 crore in FY23 compared to FY22.

On September 07, 2023, the shares of the company ex-traded bonus share in the ratio 1:1 and earlier to it i.e., on August 04, 2021, the shares of the company ex-traded stock split of equity shares from a face value of Rs 10 to a face value of Rs 2 each. Today, the shares of JTL Industries Ltd gained 7.50 per cent to Rs 216.80 per share from its previous closing of Rs 201.75. The stock’s 52-week high is Rs 276.60 per share and its 52-week low is Rs 142.75. The stock gave multibagger returns of 290 per cent in 3 years and a whopping 1,450 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.