JTL Industries Limited, established in 1991 and headquartered in Chandigarh, India, has emerged as one of the country's leading steel tube manufacturers. The company has grown to become one of India's top five steel tube manufacturers with a commitment to sustainable and environmentally friendly practices. Originally incorporated as Jagan Tubes Private Limited, the company underwent a name change from JTL Infra Limited to JTL Industries Limited in July 2022 following a merger process.
The company is led by Chairperson Sukhdev Raj Sharma.
JTL Industries Limited is an India-based producer of electric resistance welded (ERW) steel pipes including manufacturing of section pipe and tube, engaged in the manufacturing and sale of iron and steel products. The company manufactures and sells steel pipes and tubes, and allied products in India and internationally.
The company's comprehensive product range includes hollow ERW steel pipes, galvanized steel tubes and pipes, solar module mounting structures, metal beam crash barriers, and hollow steel sections. Its products and services include JTL MS Structura, JTL Jumbo, JTL Ultra, JTL Jal Jaan, JTL Galva Flow, JTL Surya Kiran, JTL Agnirodhi, JTL Road Guard, and JTL Uniq. The company maintains a vast product range of 1000+ SKUs.
With four state-of-the-art facilities, JTL Industries Limited has a total manufacturing capacity of 5,86,000 MTPA, serving PAN India and over 20 countries across five continents. The company has four manufacturing facilities located in Derabassi and Mandi Gobindgarh in Punjab, Raipur in Chhattisgarh, and Mangaon in Maharashtra. The company also owns Nabha Steels and Metals plant, which is located at Mandi Gobindgarh in Punjab.
The company's operational excellence is reflected in its dedicated workforce of 600+ skilled employees, and a network of over 800 dealers and distributors. The company has been recognized as a Star Export House by the Government of India, and is ISO 9001:2015 certified, demonstrating its adherence to strict manufacturing and commercial procedures.
JTL Industries serves various sectors, including agriculture, water distribution, solar projects, energy and engineering, heavy vehicles, construction and building material, and core infrastructure. These products are used across agriculture, water distribution, energy and engineering, heavy vehicles, construction and building material and other infrastructure applications.
For Q4 FY25 (March 2025), JTL Industries reported:
- Revenue: ₹469.47 crore (0.73% increase year-on-year from ₹466.08 crore in Q4 FY24).
- Net Profit: ₹16.83 crore (43.05% decline year-on-year from ₹29.55 crore in Q4 FY24).
For the full year FY25:
- Net Profit: ₹98.83 crore (12.55% decline year-on-year from ₹113.01 crore in FY24).
- Sales: ₹1916.31 crore (6.10% decline year-on-year from ₹2040.75 crore in FY24).
- Market Capitalization: ₹3,097 crore (as of recent data).
- P/E (Price-to-Earnings) Ratio: 29.73.
- P/B (Price-to-Book) Ratio: 3.79.
- Debt Status: The company is almost debt-free, which strengthens its financial position.
- Promoter Holding: 48.91% (as of March 2025).
JTL Industries reported record Q1 FY26 sales volume of 1,08,406 MT, reflecting a 26.5% year-on-year growth and 32.4% quarter-on-quarter growth. The strong performance was bolstered by contributions from JTL Engineering, highlighting the company's growth in the steel tube manufacturing sector.
JTL Industries announced the receipt of a significant order to supply 3,000 metric tonnes of Galvanized Iron (GI) pipes of assorted sizes, with the order valued at ₹24 crore, placed by the Public Health Engineering (PHE) Department, Jammu, as part of the Jal Jeevan Mission (JJM). Given these developments, JTL Industries, as a key supplier in JJM, stands to benefit significantly.
Promoter holding in JTL Industries Ltd stands at 48.91 per cent as of March 2025. The company is almost debt free, which strengthens its financial position.
JTL Industries announced that the Board of Directors recommended the final dividend of ₹0.125 per equity Share (i.e., 12.5%), subject to the approval of the shareholders. In the quarter ending March 2024, JTL Industries Ltd declared a dividend of ₹0.25, translating to a dividend yield of 0.32%.
JTL Industries Limited continues to maintain its position as a significant player in India's steel tube manufacturing sector, with strong operational capabilities and strategic positioning to capitalize on infrastructure development opportunities across the country.
