Steel Stock – JTL Industries Surges Over 7 Per Cent on January 06 Post Recording Highest Ever Sales Volume
The shares of the company saw a spurt in volume by more than 1.38 times on BSE.
On Monday, shares of JTL Industries Ltd surged 7.43 per cent to Rs 106.01 per share from its previous closing of Rs 98.67 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 1.38 times on BSE.
JTL Industries experienced robust growth in the third quarter of FY25, achieving its highest-ever nine-month sales volume at 2,97,082 MT, a 14.3% year-over-year surge. This growth was driven by a combination of factors, including a 1.5% increase in sales volume excluding the recently acquired Nabha Steels & Metals, which contributed 33,277 MT to year-to-date volumes. Furthermore, value-added products continued to play a significant role, contributing 21 per cent to total Q3FY25 sales volume. In contrast, export volumes reached 25,417 MT, representing 10 per cent of total sales, a notable increase from 5 per cent in the corresponding period of FY24.
The successful integration of Nabha Steels & Metals has been a key factor in JTL's strong performance. The company's nine-month export volume for FY25 reached 25,417 MT, representing approximately 10 per cent of total sales, a significant increase from 5 per cent in FY24. This demonstrates JTL's ability to expand its market reach and capitalize on global demand.
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 3,875 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 1,600 per cent in 5 years and a whopping 3,800 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.