# JTL Industries share price today (JTL Industries Ltd, NSE: JTLIND)

> JTL Industries share price today: ₹79.32 at the NSE close on 4 November 2026, up 33.9% in a year. JTL Industries (NSE: JTLIND) is worth ₹3,030 crore, trades at a P/E of 26.4 and has closed between ₹45.90 and ₹91.61 over the past 52 weeks. > JTL Industries Ltd's results are improving, while its P/E is near the low end of its own history over 4.5 years, higher than only 19% of past readings. JTLIND · Steel - Tubes/Pipes · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/jtl-industries-ltd

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## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹79.32 (+33.9% in a year)
- P/E: 26.4× (lower than 81% of the last 4.5 years)
- Revenue (Jun 2026): ₹722 Cr (+32.7% on a year ago)
- Profit (Jun 2026): ₹35.0 Cr (+105.9% on a year ago)
- Operating margin: 8.0% (+3.7 points on a year ago)
- ROCE: 10%, FY26
- Profit that came in as cash: −106%, last 3 years

The main question: profits are rising, but only −106% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the JTL Industries share price today? JTL Industries Ltd's share price was ₹79.32 at the close on 4 November 2026. It has been rising for 21 weeks. That is 3.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹46 and ₹92, and at that close it sat 73% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +3,035% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at JTL Industries this quarter? 7 points on a year earlier. 1. Foreign funds (FIIs) raised their stake for 3 quarters in a row From 3.3% to 6% of the company by the September 2026 quarter. 2. Highest quarterly revenue in 15 quarters Revenue of ₹722 crore in the June 2026 quarter is the highest of the last 15 quarters. Why: Revenue rose because the company sold more pipes and a richer mix of higher-value products, helped by its Maharashtra plant running at higher use. Next results: check whether the new Mangaon plant starts adding to sales. From the earnings call on 5 Aug 2026. 3. Operating margin up 3.7 points on a year earlier 8% in the June 2026 quarter, from 4.3%. Why: Margin rose because the company sold a better mix of products and ran its operations more efficiently. Next results: check whether the margin holds without the one-off Defence gain. From the earnings call on 5 Aug 2026. ## What are JTL Industries' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), JTL Industries reported revenue of ₹722 crore, up 32.7% from ₹544 crore a year earlier, and a profit of ₹35.0 crore, up 105.9% from ₹17.0 crore. ### JTL Industries results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹722 crore | ₹544 crore | +32.7% |
| Profit | ₹35.0 crore | ₹17.0 crore | +105.9% |
| Earnings per share | ₹0.85 | ₹0.43 | +97.7% |
| Operating margin | 8.0% | 4.3% | +3.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). JTL Industries' management discussed these results on a call held on 5 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the JTL Industries share price history? JTL Industries closed at ₹79.32 on 4 November 2026, up 33.9% from ₹59.23 a year earlier (7 November 2025) and up 37.3% over five years. Its highest weekly close since March 2016 was ₹134.75 on 2 February 2024. ### JTL Industries share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹76.42 | +3.8% |
| 1 month ago · 1 Oct 2026 | ₹86.22 | −8.0% |
| 6 months ago · 8 May 2026 | ₹81.46 | −2.6% |
| 1 year ago · 7 Nov 2025 | ₹59.23 | +33.9% |
| 3 years ago · 3 Nov 2023 | ₹111.60 | −28.9% |
| 5 years ago · 4 Nov 2021 | ₹57.77 | +37.3% |
| 10 years ago · 2 Nov 2016 | ₹3.23 | +2,355.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹2.53 | +3,035.2% |
| Highest weekly close since March 2016 · 2 Feb 2024 | ₹134.75 | −41.1% |
| Lowest weekly close since March 2016 · 28 Mar 2017 | ₹2.07 | +3,731.9% |
| 52-week high (weekly close) · 4 Sep 2026 | ₹91.61 | −13.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹45.90 | +72.8% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (533 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on JTL Industries? 4 Nov 2026: JTL Industries closed at ₹79.32, up 3.8% on the week and down 8.0% on the month. 11 Sep 2026: ex-date for a dividend of ₹0.13 a share. ### Earlier

- 5 Aug 2026: JTL Industries held its results call for April to June 2026. Management guided: FY27 volume growth of at least 30%, with ambition to exceed the goal. - Results for April to June 2026: Revenue up 32.7% and profit up 105.9% on a year earlier. - 14 Nov 2024: Share split: face value cut from ₹2 to ₹1 a share (ex-date). ## What dividend does JTL Industries pay? JTL Industries paid ₹0.13 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.16% at the ₹79.32 close on 4 November 2026. The last was a dividend of ₹0.13 a share, ex-date 11 September 2026. ### JTL Industries dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 11 Sep 2026 | ₹0.13 | Dividend |
| 12 Sep 2025 | ₹0.13 | Dividend |
| 30 Aug 2024 | ₹0.25 | Dividend |
| 4 Aug 2023 | ₹0.20 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. JTL Industries Ltd paid out 5% of its profit as dividends in FY26, and it paid a dividend in 5 of its last 6 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did JTL Industries management say on the latest results call? On the call for April to June 2026, held on 5 August 2026, JTL Industries' management guided: FY27 volume growth of at least 30%, with ambition to exceed the goal. > “The company achieved its highest-ever quarterly revenue from operations and EBITDA in Q1 FY27.”
> Naveen Arora, CFO, on the call for April to June 2026

### What management guided

- Steel operating profit/ton around ₹4,500 and consolidated operating profit/ton ₹5,000 in coming quarters. - Mangaon capacity addition close to 1 million tons by end H1; company utilization near 65% year-end and facility utilization 80% as DFT ramps. - Final API capacity leg of 3 lakh tons around this time next year; the 2 million-ton cycle goals 50%-60% value-added mix and 50%-55% FY29 utilization, with near-70% peak and a 1.4 million-ton peak framework at ₹65,000-66,000 realization by FY29-FY30. - FY27 JTL capital spending close to ₹100 crore; FY28 maintenance capital spending ₹30-40 crore; JTL Defence capital spending ₹15-20 crore this year and a similar level next year. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/8090/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 5 August 2026.)

## What to watch in JTL Industries' next results? When JTL Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Mangaon commissioning, DFT throughput and utilization ramp - check whether capacity begins contributing to H2 volume and margin. - What to check (from the call)
- Mangaon commissioning, DFT throughput and utilization ramp - check whether capacity begins contributing to H2 volume and margin. - Export dispatch recovery after logistics disruption - check whether the healthy order book converts into shipments. - JTL Defence product ramp and margin normalization - check progress toward the Q4 monthly run-rate without exceptional gains. - Working-capital cycle and dealer financing - check whether collections continue improving as channel mix shifts. ## Which stock lists is JTL Industries on? JTL Industries is on 2 of our India lists: Momentum stocks and Penny stocks. - [Momentum stocks Market cap cr: 3030.774675580023](https://www.sectoralpha.in/momentum-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 35.75](https://www.sectoralpha.in/penny-stocks-india)

## Is JTL Industries profitable? JTL Industries Ltd earned ₹35.0 Cr of net profit in the Jun 2026 quarter, +105.9% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹103 Cr. Over 5 years profit has grown 38.8% a year on average. That is 4.8% of the quarter's revenue. The same quarter a year earlier earned ₹17.0 Cr. For the full year, FY26 profit was ₹103 Cr (+4.0% on the year before). Why profit moved: revenue changed +32.7% on a year earlier and the margin moved +3.7 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +54.5% and revenue +18.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does JTL Industries make, and is it growing? JTL Industries Ltd reported ₹722 Cr of revenue in the Jun 2026 quarter, +32.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 5 years it has grown 37.5% a year on average. The last full year, FY26, came in at ₹2,135 Cr. The last four reported quarters add to ₹2,315 Cr. FY26 revenue was ₹2,135 Cr, +11.5% on the year before. Recent pace: the last four quarters grew +18.5% on average, against 37.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.0%, against +6.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +42.4%, against +0.8% a year (accelerating). ## How much of every ₹100 of sales does JTL Industries keep? JTL Industries Ltd's operating margin was 8.0% in the Jun 2026 quarter, 3.7 percentage points higher than the same quarter a year ago. Across 6 years it has been between 6.0% and 8.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.8 percentage points on the year while gross margin changed +3.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is JTL Industries' profit turning into cash? Over the last 3 years JTL Industries Ltd's operations used more cash than they brought in, so cash conversion was −106%, a gap worth watching. In FY26 its operations used ₹67.0 Cr of cash, against ₹103 Cr of profit. After ₹397 Cr of spending on assets, free cash was −₹464 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −106% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 17.4× depreciation over three years. The next section checks what that spending is building. ## Where does JTL Industries' cash go? JTL Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 96 days in FY26, down from 98 days in FY21. It spent ₹627 Cr on assets over the last 3 years. Customers take 71 days to pay, and stock sits for 54 days on average. At FY26 sales of ₹2,135 Cr, each day of that cycle ties up about ₹5.8 Cr, so roughly ₹562 Cr is tied up in the business at any time. FY26: customers took 71 days to pay and stock sat for 54 days, about 1.8 months of sales sitting as stock, for a full cycle of 96 days, shorter than FY21's 98. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 54 days. Customers pay about 71 days after that. Suppliers are paid at 29 days. Together that makes the 96-day cycle. Spending on assets: ₹627 Cr over the last 3 years, against ₹36.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹159 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is JTL Industries' P/E ratio, and how does it compare with its own history? JTL Industries Ltd's P/E is 26.4×, near the low end of its own history: it has been lower only 19% of the time. Its usual P/E (the middle reading) is 30.7×, over 4.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −0.4% while the price moved +33.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved −10.8% a year; about −2.4% a year came from earnings growth and about −8.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 51% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the JTL Industries business getting better or worse? JTL Industries Ltd's business is turning around. Profit growth has swung from −28.6% at its low to +42.4%, improving for 3 quarters in a row, with ROCE falling at 10.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does JTL Industries earn on its capital? JTL Industries Ltd earned a ROCE of 10% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 4.8% net margin and 1.07× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.8% net margin × 1.07× asset turnover × 1.34× leverage (assets divided by equity) ≈ 6.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 51% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does JTL Industries have too much debt? JTL Industries Ltd had ₹244 Cr of borrowings against ₹1,486 Cr of equity in FY26, so its debt is 0.16× its equity. Its operating profit is 14 times its interest bill. Over 5 years borrowings went from ₹63.0 Cr to ₹244 Cr. Over the last 3 of those years it spent ₹627 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 51% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the JTL Industries shareholding pattern? Domestic institutions cut their stake in JTL Industries Ltd by 1.6 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.1% of the company. Promoters moved +0.4 points over the same period, to 49.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.6 points over 8 quarters, to 0.1%; Promoters: +0.4 points over 8 quarters, to 49.3%; Foreign institutions: +0.4 points over 8 quarters, to 6.0%. Why the owners changed: domestic institutions drove it (−1.6 points). They reduced their stake. ## How far is JTL Industries from balance-sheet trouble? For JTL Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does JTL Industries rank in its industry? 56.1 out of 100, rank 7 of 15 in Steel - Tubes/Pipes, with 78% of the evidence available. JTL Industries Ltd scores 56.1 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.6 + 7.9 + 12.4 + 13.2 = 56.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is JTL Industries compared with? JTL Industries ranks 7 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 56.1 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 70.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 22.4/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 22.4 + 16.6 + 11.4 = 70.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. JTL Industries Ltd this page JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) HARIOMPIPE · quiet · Evidence leans down · 81% evidence 45.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 13.2/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 13.2 + 10.3 + 8.4 = 45 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative
12. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative
13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. [Rama Steel Tubes Ltd](https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd) RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel - Tubes/Pipes](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to JTL Industries in size? JTL Industries is the 9th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Surya Roshni, Venus Pipes & Tubes and DEE Development Engineers. Just below it: Welspun Specialty Solutions, Hi-Tech Pipes and Gandhi Special Tubes. ### Steel - Tubes/Pipes companies close in size

1. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) ₹4,436 crore
2. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) ₹4,147 crore
3. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) ₹3,818 crore
4. JTL Industries Ltd ₹2,915 crore
5. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore
6. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) ₹1,390 crore
7. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) ₹986 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Jindal Poly Films Ltd](https://www.sectoralpha.in/stocks/jindal-poly-films-ltd) ₹2,924 crore · Packaging - BOPP
2. [Raymond Lifestyle Ltd](https://www.sectoralpha.in/stocks/raymond-lifestyle-ltd) ₹2,920 crore · Textiles - Readymade Apparel
3. JTL Industries Ltd ₹2,915 crore
4. [Refex Industries Ltd](https://www.sectoralpha.in/stocks/refex-industries-ltd) ₹2,910 crore · Refrigeration
5. [Nilkamal Ltd](https://www.sectoralpha.in/stocks/nilkamal-ltd) ₹2,907 crore · Plastics - Plastic & Plastic Products

## What else do people ask about JTL Industries? ### What is JTL Industries's share price today? JTL Industries Ltd's share price is ₹79.32, +33.9% over the past year. The whole company is worth ₹3,030 Cr on the market. In the last 52 weeks it traded between ₹46 to ₹92; today it is 73% of the way up from the low, 3.8% above its 200-day average (as of 4 November 2026). ### What were JTL Industries's latest quarterly results? JTL Industries Ltd reported revenue of ₹722 Cr and net profit of ₹35.0 Cr for the Jun 2026 quarter. Revenue rose 32.7% and profit rose 105.9% compared with a year earlier. Earnings per share were ₹0.85. The operating margin was 8.0%, 3.7 percentage points higher than a year earlier (as of 4 November 2026). ### What is JTL Industries's market cap? JTL Industries Ltd's market capitalisation is ₹3,030 Cr at a share price of ₹79.32. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is JTL Industries performing? JTL Industries Ltd's share price has been rising for 21 weeks. In its latest quarter, revenue rose 32.7% and profit rose 105.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 4 November 2026). ### Will JTL Industries's share price go up? This page does not forecast JTL Industries Ltd's share price. What it shows instead: the share price is ₹79.32, and it has been rising for 21 weeks. Its P/E of 26.4× is higher than 19% of its own last 5 years (as of 4 November 2026). ### Where is JTL Industries in its business cycle? JTL Industries Ltd's FY26 operating margin was 7.0%, against a 6-year range of 6.0% to 8.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the JTL Industries story? The main question: profits are rising, but only −106% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is JTL Industries a stock worth studying right now? What the numbers show: JTL Industries Ltd's results are improving, while its P/E is near the low end of its own history over 4.5 years, higher than only 19% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a JTL Industries share price forecast for 2026? What management itself guided: FY27 volume growth of at least 30%, with ambition to exceed the goal. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

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