DIIs Increase Stake: Steel Stock Under Rs 100 To Keep Under Radar; Reports Revenue of Rs 1,446.36 Crore & PAT of Rs 82 Crore in 9MFY25
The stock gave multibagger returns of 1,300 per cent in 5 years and a whopping 3,800 per cent in a decade.
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 3,654 crore. According to Quarterly Results, the company reported net sales of Rs 451.43 crore and a net profit of Rs 24.94 crore in Q3FY25 while in Q3FY24, the company reported net sales of Rs 567.39 crore and a net profit of Rs 30.18 crore. Looking at the nine-month results, the company reported net sales of Rs 1,446.36 crore and a net profit of Rs 82 crore in 9MFY25 while in 9MFY24, the company reported net sales of Rs 1,574.29 crore and a net profit of Rs 83.47 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.
Management Guidance: JTL is strategically investing in its manufacturing capabilities by deploying DFT and color-coated lines, enabling it to diversify its product offerings, enhance efficiency, and maximize capacity utilization. This aligns with the company's goal of increasing the proportion of value-added products to over 40 per cent in FY25, a key driver for improved profitability and margin expansion. Leveraging a successful Rs 675 crore. preferential allotment by promoters, JTL is on track to expand its manufacturing capacity to 1 Million MTPA by the end of FY25. This capacity expansion, coupled with a growing contribution from value-added products, is expected to drive a 20-25 per cent increase in sales volume and a significant improvement in EBITDA per tonne in FY25.
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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.
On Tuesday, shares of JTL Industries Ltd surged 0.9 per cent to Rs 99.09 per share from its previous closing of Rs 98.22 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. The shares of the company saw a spurt in volume by more than 1.12 times on BSE. The stock gave multibagger returns of 1,300 per cent in 5 years and a whopping 3,800 per cent in a decade. In December 2024, DIIs increased their stake to 2.22 per cent compared to 1.64 per cent in September 2024. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.