Steel Stock – JTL Industries Surges Over 7 Per Cent on January 06 Post Recording Highest Ever Sales Volume

DSIJ Intelligence-1 / 06 Jan 2025/ Categories: Multibaggers, Trending

Steel Stock – JTL Industries Surges Over 7 Per Cent on January 06 Post Recording Highest Ever Sales Volume

The stock gave multibagger returns of 1,600 per cent in 5 years and a whopping 3,800 per cent in a decade.

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.

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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.