2:1 Stock Split: Stock Under Rs 100 in Green After Recording Highest Ever Sales Volume at 2,97,082 MT in Q3FY25, 14.3 Per Cent Up YoY
The stock gave multibagger returns of 1,375 per cent in 5 years and a whopping 3,500 per cent in a decade.
On Thursday, shares of JTL Industries Ltd gained 3,60 per cent to Rs 98.47 per share from its previous closing of Rs 95.05 per share. The stock’s 52-week high is Rs 138.30 per share while its 52-week low is Rs 83.55 per share.
JTL Industries experienced robust growth in the third quarter of FY25, achieving its highest-ever nine-month sales volume, excluding Nabha Steels, at 2,63,805 MT, marking a 1.5 per cent increase compared to the same period in the previous year. This strong performance was driven by a 14.3 per cent year-over-year surge in overall sales volume to 2,97,082 MT, including the contribution from the recently acquired Nabha Steels & Metals. Value-added products continued to play a significant role, contributing 21 per cent to the total Q3 FY25 sales volume.
Furthermore, JTL Industries demonstrated a strong export performance, with nine-month export volume for FY25 reaching 25,417 MT, representing approximately 10 per cent of total sales, a notable increase from 5 per cent in the corresponding period of FY24. The recently acquired Nabha Steels & Metals has also shown consistently positive results, with year-to-date volumes totalling 33,277 MT, aligning with expectations and maintaining a healthy operational impact.
Earlier, the company's shares underwent an ex-traded stock split/sub-division, dividing each existing equity share with a face value of Rs 2 into two equity shares with a face value of Re 1 each. The ex-date for this sub-division was Thursday, November 14, 2024.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
JTL Industries Limited is amongst the fastest-growing steel tube manufacturers, with a Registered office located in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. The cumulative capacity of the company is 6,86,000 MTPA for pipe manufacturing. The company is a recognized Star Export House, and its product offering includes GI Pipes, MS Black Pipes, Hollow-sections, and Solar Structures amongst others which cater to diverse industrial and infrastructural applications. All the products are available in hot dip galvanized, pre-galvanized and without coated (MS black) grades.
Talking about the financials, the company has a market cap of Rs 3,665 crore. According to Quarterly Results, the company reported net sales of Rs 479.55 crore and a net profit of Rs 26.36 crore in Q2FY25 while in Q2FY24, the company reported net sales of Rs 502.10 crore and a net profit of Rs 27.91 crore. Looking at the half-yearly results, the company reported net sales of Rs 994.93 crore and a net profit of Rs 57.06 crore in H1FY25 while in H1FY24, the company reported net sales of Rs 1,006.90 crore and a net profit of Rs 53.29 crore. In its annual results, the company reported net sales of Rs 2,040.43 crore and a net profit of Rs 113.01 crore in FY24. The stock gave multibagger returns of 1,375 per cent in 5 years and a whopping 3,500 per cent in a decade. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.