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← CockpitCompetitor Analysis › JTLIND.NS JTL Industries LimitedOpen in the cockpit ↗

JTL Industries LimitedJTLIND.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Steel
Momentum weak 39
Mkt cap
$314M
US dollars, full cap
Free float
47%
of shares outstanding
$/day
$3.07M
20-day average traded
Fwd P/E
19.2×
forward earnings
ROIC−WACC
-9.6 pp
WACC 17.5%
Hurdle
n/a
no reverse DCF
Next earnings
69 days
14 Jan 2027
Close · INR₹75.55
1D-3.6%
1W-1.0%
1M-14.3%
3M-1.6%
6M-8.1%
YTD+26.4%
1Y+11.1%
ATR %6.2%
Beta1.68
52w lowhigh19.6% off high

What JTL Industries does

Employees: 906

JTL Industries at a glance

Size JTL Industries (JTLIND.NS) is an India Materials company (Steel) with a market value of $314M, the 1039th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹75.55 on 6 Nov 2026.

Performance Over six months the shares fell 8.1%, against +1.8% for the median peer and 0.0% for the India market (cap-weighted) — 7th lowest of 20 in its peer set.

Growth Revenue grew 16.0% over the last twelve months (peer median +6.5%); the operating margin is 7.1% (peer median 2.7%).

Valuation It trades at 19.2× forward earnings against a peer median of 25.5× (3rd cheapest of 12).

Capital Return on invested capital runs 9.6 points below its cost of capital (17.5% WACC).

Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026Peer median 100JTLIND.NS 93
Six months, rebased to 100: JTL Industries against the median of its 20 peers (local-currency closes).

JTL Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹22.6B₹21.4B₹19.1B₹20.4B₹15.5B
Revenue growth—+12%-6%+32%—
Gross profit₹2.80B₹1.63B₹1.43B₹1.64B₹1.40B
EBITDA₹1.85B₹1.57B₹1.26B₹1.54B₹1.30B
Net income₹1.13B₹985M₹988M₹1.13B₹901M
Free cash flown/a-₹2.12B-₹4.14B-₹1.25B-₹203M
Capital expendituren/a₹1.46B₹1.78B₹1.03B₹189M
Total debtn/a₹2.44B₹762M₹200M₹546M

Quarterly statements and history in the cockpit →

JTL Industries competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%+40%WELSPLSOL460860RATNAVEER10470000303054456030280586505461016380COCKERILLVSSLVENUSPIPESKIRLOSINDSTEELCASKSLJTLIND.NS6-month return →1-month return →
Up and to the right = strong over both horizons. JTL Industries is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×25×50×75×WELSPLSOL460860RATNAVEER6030282034016380TUB603878VSSLVENUSPIPESKIRLOSINDJTLIND.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. JTL Industries is the large dot.

JTL Industries competitors and peer comparison

How JTL Industries compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

JTL Industries against its 20 peers (data as of 6 Nov 2026)
MeasureJTLIND.NSPeer medianRank in peer set
1-month return-14.3%-6.4%2nd lowest of 21
6-month return-8.1%+1.8%7th lowest of 20
Distance from 52-week high-19.6%-25.2%10th highest of 21
Revenue growth (TTM)+16.0%+6.5%6th highest of 20
Operating margin7.1%2.7%8th highest of 20
Forward P/E19.2×25.5×3rd cheapest of 12
ROIC minus cost of capital-9.6 pp-4.2 pp4th lowest of 19
EV / EBITDA16.1×15.6×5th most expensive of 10
Net debt / EBITDA1.1×-0.4×5th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
JTL Industries JTLIND.NSIndia$314M-8%+16%7%19.2×n/an/a
Welspun Specialty Solutions WELSPLSOL.NSIndia$316M+5%+5%3%20.7×n/an/a
DONGKUK STEEL MILL 460860.KSSouth Korea$308M-45%+12%3%8.5×n/an/a
A-One Steels India AONESTEELS.NSIndia$323Mn/an/an/an/an/an/a
Ratnaveer Precision Engineering RATNAVEER.NSIndia$325M+106%+21%8%19.9×n/an/a
Kisco 104700.KSSouth Korea$302M+22%+2%-9%n/an/an/a
SeAH Steel 003030.KSSouth Korea$298M-58%+11%2%n/an/an/a
Tokyo Tekko 5445.TJapan$296M+3%-2%14%n/an/an/a
Jiangsu Safety 603028.SSChina$290M-22%-45%-17%84.8×n/an/a
YC Inox 2034.TWTaiwan$344M+4%-20%3%32.6×n/an/a
SeAH 058650.KSSouth Korea$346M-27%+16%4%n/an/an/a
Chubu Steel Plate 5461.TJapan$353M-3%+19%0%n/an/an/a
Kg Dongbusteel 016380.KSSouth Korea$354M-32%+6%2%3.6×-14.9%+6.4%
Tubacex TUB.MCSpain$358M-6%-7%-2%76.4×15.7%+9.3%
John Cockerill India COCKERILL.NSIndia$358M+23%+174%-1%n/a21.5%+0.4%
Jiangsu Wujin Stainless Steel Pipe 603878.SSChina$360M-46%-9%-4%22.5×6.6%-0.6%
Vardhman Special Steels VSSL.NSIndia$371M+31%+15%11%25.5×n/an/a
Venus Pipes & Tubes VENUSPIPES.NSIndia$377M+21%+22%14%25.9×n/an/a
Kirloskar Industries KIRLOSIND.NSIndia$381M+2%+4%8%73.3×3.2%+27.5%
Steelcast STEELCAS.NSIndia$387M+23%+9%24%n/a30.2%+22.2%
Kalyani Steels KSL.NSIndia$392M-5%-5%17%n/a19.1%+9.4%

Questions

Which companies are JTL Industries's closest peers?
The cockpit's peer set: Welspun Specialty Solutions (WELSPLSOL.NS), DONGKUK STEEL MILL (460860.KS), A-One Steels India (AONESTEELS.NS), Ratnaveer Precision Engineering (RATNAVEER.NS), Kisco (104700.KS), SeAH Steel (003030.KS), Tokyo Tekko (5445.T), Jiangsu Safety (603028.SS).
Is JTL Industries expensive compared with its peers?
On forward p/e it trades at 19.2× against a peer median of 25.5×, 3rd cheapest of 12 in its peer set.
How has JTL Industries stock performed?
Over six months to 6 Nov 2026 the shares returned -8.1% against +1.8% for the median peer; over one year +11.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.