Steel Stock Under Rs 100: Company Records Highest Ever Volume of 3,87,555 MT in FY25
The stock gave multibagger returns of 1,765 per cent in 5 years and a whopping 2,500 per cent in a decade.
JTL Industries Limited announced a record-breaking sales volume of 387,555 metric tons (MT) for the fiscal year 2025, marking a 13 per cent increase from the previous year's 341,846 MT. This surge was driven by a strategic mix of value-added products, accounting for 24 per cent of total sales, and commercial-grade products, which comprised the remaining 76 per cent. Notably, the company's export volume nearly doubled, reaching 33,700 MT, representing 9 per cent of total sales, up from 5 per cent in FY24. This significant expansion in both domestic and international markets underscores JTL's growing market presence and effective sales strategies.
Furthermore, JTL Industries highlighted its commitment to technological advancement with the successful integration of Direct Forming Technology (DFT). This capital expenditure has boosted the company's production capacity to 936,000 MTPA, enabling it to meet escalating market demands and expand its product portfolio. The implementation of DFT is expected to enhance operational efficiency, improve customer service, and contribute to substantial revenue growth and profitability. This strategic move solidifies JTL's position as a leading player in the steel tube manufacturing sector, reflecting its focus on innovation and long-term industry leadership.
About the Company
JTL Industries Limited, a rapidly expanding steel tube manufacturer with its registered office in Chandigarh, operates manufacturing facilities across Punjab, Maharashtra, and Chhattisgarh. Boasting a cumulative capacity of approximately 6,86,000 MTPA for pipe manufacturing and 3,00,000 MTPA for backward integration, the company is recognized as a Star Export House. JTL's diverse product portfolio includes GI Pipes, MS Black Pipes, hollow sections and Solar Structures, serving various industrial and infrastructural needs. These products are available in hot dip galvanized, pre-galvanized and uncoated (MS black) finishes.
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Talking about the financials, the company has a market cap of Rs 2,900 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.
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.
The stock’s 52-week high is Rs 123.50 per share while its 52-week low is Rs 74 per share. The stock gave multibagger returns of 1,765 per cent in 5 years and a whopping 2,500 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.