2:1 Stock Split: Multibagger Steel Tube Manufacturer Stock In Focus As Company Reports Total Revenue of Rs 994.93 Crore & Net Profit of Rs 57.06 Crore in H1FY25

The stock gave multibagger returns of 2,200 per cent in 5 years and a whopping 4,000 per cent in a decade.

On Thursday, shares of JTL Industries Ltd plunged 1.51 per cent to an intraday high of Rs 204.50 per share from its previous closing of Rs 207.65. The stock’s 52-week high is Rs 276.60 per share while its 52-week low is Rs 167.10 per share.

JTL Industries Limited is amongst the fastest-growing steel tube manufacturers and its registered office is in Chandigarh. The company has manufacturing facilities in Punjab, Maharashtra and Chhattisgarh. The cumulative capacity of the company is 6,86,000 MTPA for Steel Pipes and 3,00,000 MTPA is backward integration. The company is a recognized Star Export House and its product offering includes GI Pipes, MS Black Pipes, hollow sections and Solar Structures, which cater to diverse industrial and infrastructural applications.

JTL is expanding its manufacturing capabilities across its facilities. In Mangaon, a new 300,000 MTPA capacity equipped with DFT technology will enable the production of larger hollow section pipes up to 350*350, increasing efficiency and overall capacity to 500,000 MTPA. In Raipur, 100,000 MTPA will be dedicated to producing ERW black pipes up to 8 inches, while the existing 100,000 MTPA will continue producing pipes up to 4 inches. In Mandi, the recent acquisition of Nabha Steels and Metals has led to the commercialization of Phase 1 expansion, which will produce 5,000 metric tons of HR coils per month. This enhancement reflects JTL’s ongoing commitment to achieving a production capacity of 1 million MTPA by the end of the year.

Additionally, the Board of Directors of JTL Industries Ltd discussed and approved the sub-division of each existing Equity Share with a face value of Rs 2 into two equity shares with a face value of Re 1 each. This change is contingent upon shareholder approval, which will be sought at an upcoming extraordinary general meeting. The record date for this sub-division is fixed as Friday, November 15, 2024.

Talking about the financials, the company has a market cap of Rs 3,748 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 2,200 per cent in 5 years and a whopping 4,000 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.