4,100 per cent multibagger returns: Steel stock jumps over 5 per cent; Earlier Company announced expansion of copper products portfolio with RCI Acquisition!
The stock gave multibagger returns of 2,800 per cent in 5 years and a whopping 4,100 per cent in a decade.
Today, shares of JTL Industries Ltd surged over 5 per cent to Rs 240.40 per share from its previous closing of Rs 228. The stock’s 52-week high is Rs 276.60 per share while its 52-week low is Rs 167.10 per share. The stock gave multibagger returns of 2,800 per cent in 5 years and a whopping 4,100 per cent in a decade.
JTL Industries Limited, a leading steel tube manufacturer with headquarters in Chandigarh, boasts a significant production capacity of 5,86,000 MTPA for pipes and 3,00,000 MTPA for backward integration across its facilities in Punjab, Maharashtra, and Chhattisgarh. The company offers a diverse range of products including GI pipes, MS pipes, hollow sections, and solar structures, all available in galvanized, pre-galvanized, and black steel grades, catering to various industrial and infrastructure needs. JTL's recent successful acquisition of Nabha Steels and Metals strengthens its backward integration strategy, allowing for greater control over production and potentially higher profits. With strong initial sales from Nabha and a focus on expanding value-added products to contribute 50 per cent of total sales, JTL Industries Limited is positioned for further growth, leveraging its high-quality products and growing export volumes to capture opportunities in the global market.
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Earlier, the company announced that its resolution plan for RCI Industries & Technologies Limited has been approved by the Committee of Creditors. This strategic acquisition represents a significant milestone for JTL, expanding its footprint in the copper products market. RCI's extensive experience and manufacturing capabilities will complement JTL's existing operations, enabling us to offer a wider range of high-quality products to our customers. Subject to regulatory approvals, we anticipate closing the transaction shortly. RCI Industries, a well-established player in the Indian copper products market, is renowned for its innovative products and strong customer relationships. With its manufacturing facility in Baddi, Himachal Pradesh, RCI has a proven track record of delivering exceptional quality and reliability. JTL's acquisition of RCI will not only strengthen our market position but also provide new avenues for growth and expansion.
JTL Industries, a manufacturer of steel tubes, reported solid financial results for Q1FY25. Revenue grew to Rs 515.38 crore from Rs 504.80 crore in the same period last year, reflecting a 2.10 per cent increase. This growth was driven by factors like strategic market expansion, increased product demand and higher sales volumes. JTL's profitability also improved in Q1FY25. EBITDA rose 20.8 per cent to Rs 43.86 crore, leading to an EBITDA margin of 8.50 per cent, up from 7.20 per cent in the previous year. This improvement reflects JTL's focus on high-margin products and operational efficiency. Net profit also grew by 21.0 per cent to Rs 30.70 crore.
Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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