JTL Industries Share Price

JTL Industries Limited manufactures and sells iron and steel products in India and internationally. It offers DFT Structural Steel Pipes, galvanized steel tubes and pipes, solar module mounting structures, hollow steel section, solar mounting structures, steel tubular poles, and metal crash barriers. It serves the power, oil and gas, infrastructure, and water transportation sectors. The share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries. 

JTL Industries stock price is influenced by various factors such as earnings, revenue growth, steel demand, raw material costs, and industrial sector cycles. In the longer run, strategies such as capacity expansion, operational efficiency, geographical diversification, and product portfolio enhancement affect the stock market sentiments. All these factors must be closely monitored to have an idea about the ABC stock price movements.  

JTL Industries live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of JTL Industries live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the JTL Industries share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

JTL Industries Limited Company Fundamentals

JTL Industries Company Background 

JTL Industries Limited is the flagship company of the Jagan Group of Companies. Its corporate office is located in Chandigarh, with four manufacturing plants operating across different regions of India. The company was established in 1991 and began operations as a manufacturer of ERW black pipes. Over the years, JTL Industries Limited has expanded its manufacturing scope to include galvanized steel pipes, solar module mounting structures, and large-diameter steel tubes and pipes. All production activities are carried out across four manufacturing facilities with a combined installed capacity of 9,36,000 MTPA. The company supplies products across PAN India and exports to more than 20 countries worldwide. JTL Industries Limited manufactures a product range of over 1,200 SKUs and is supported by a workforce of more than 800 employees. Its distribution network includes over 800 dealers and distributors. The company has been recognised as a Three Star Export House by the Government of India. It is also ISO 9001:2015 certified, reflecting compliance with established quality management systems and standard manufacturing and commercial processes. 

JTL Industries Company Product Lines 

JTL Industries Limited’s products and services encompass a range of steel tubes, pipes, structural sections, mounting systems, and related solutions:  

• JTL MS Structura – Mild steel structural pipes and hollow sections in various shapes and sizes.  
• JTL Jumbo – Large-sized black hollow section pipes for structural and engineering use.  
• JTL Ultra – Advanced steel pipe offerings (listed as part of portfolio).  
• JTL Jal Jaan – Water distribution pipelines and related steel pipe solutions.  
• JTL Galva Flow – Pre-galvanised steel pipes with enhanced corrosion resistance.  
• JTL Surya Kiran – Solar module mounting structures and rooftop solar support systems.  
• JTL Agnirodhi – Steel tubes and pipes targeted at energy, power and heavy-duty applications.  
• JTL Road Guard – Guardrail and roadside protective steel products.  
• JTL Uniq – Oval-shaped hollow steel pipes designed for versatile structural and aesthetic applications. 

JTL Industries Company Revenue Model 

JTL Industries Limited generates revenue primarily through the manufacture and sale of steel products and related solutions:  

• Sales of Steel Pipes & Tubes: 
  • Electric resistance welded (ERW) steel tubes and pipes (black, galvanized, and structural) are core revenue drivers.  
  • Value-added products like solar module mounting structures and large-diameter tubes contribute to higher-margin revenue.  
• Domestic Distribution: 
  • Sales through a network of distributors, dealers, and direct B2B engagements across industries in India.  
• Exports: 
  • Revenue from exports to international markets across multiple continents.  
• Segment Usage: 
  • Products are used in infrastructure, water transport, energy, construction, industrial and heavy-vehicle sectors, which generate diverse income streams. 

JTL Industries Leadership and Brand Recognition 

• Amrender Kumar Yadav – Company Secretary & Compliance Officer 
• Mr. Atul Garg – Chief Financial Officer & Vice President (Finance & Accounts) 
• Sanjeev Gupta – Plant Head 
• Mr. Ashutosh Sharma – President (Exports) 
• Mr. Ramesh Kumar Kalia – Head (Human Resources & Administration) 
• Mr. Shashank Kamboj – General Manager (Operations) 
• Madan Mohan Singla – Executive Director & Managing Director 
• Rakesh Garg – Executive Director & Whole-time Director 
• Dhruv Singla – Executive Director, Whole-time Director & CFO 
• Pranav Singla – Executive Director & Whole-time Director 
• Sanjeev Gupta – Executive Director & Whole-time Director 
• Sukhdev Raj Sharma – Chairman & Independent Director 
• Ashok Goyal – Independent Non-Executive Director 
• Rakesh Mohan Garg – Independent Non-Executive Director 
• Raman Chadha – Independent Non-Executive Director 
• Jagdeep Kumar Goel – Non-Executive & Non-Independent Director 
• Amrender Kumar Yadav – Company Secretary & Compliance Officer 

JTL Industries Key Milestones 

• 1991: Incorporated as JTL Infra Limited on July 29. 
• 1991–2018: Built a presence in structural steel tubes and pipes, specialising in ERW black and hollow steel tubes and pipes. 
• 2019–20: Newly commissioned manufacturing facilities at Mangaon became fully operational. 
• 2020–21: Acquired ready-to-use manufacturing facilities at Mandi Gobindgarh, Punjab, from a promoter group entity. 
• 2022: Incorporated wholly owned subsidiary JTL Tubes Limited effective January 5. 
• 2022: Expanded capacity by 1,00,000 MTPA at the Mangaon plant. 
• 2022: Company name changed from JTL Infra Limited to JTL Industries Limited following the merger process. 
• 2022–23: Chetan Industries Limited merged with the Company under a Scheme of Amalgamation, effective March 31, 2023. 
• 2022–23: Overall production capacity increased to 1,86,000 MTPA by the end of the financial year. 
• 2023–24: Manufacturing capacity expanded to approximately 5,86,000 MTPA. 
• 2023–24: Acquired a 67% controlling stake in Nabha Steels and Metals, Mandi Gobindgarh, Punjab, with a capacity of 2,00,000 MTPA. 
• 2024–25: Installed capacity scaled from 5,86,000 MTPA to approximately 6,86,000 MTPA by Q2. 
• 2024–25: Raipur facility capacity doubled from 1,00,000 MTPA to 2,00,000 MTPA. 
• 2024–25: Commissioned Direct Forming Technology (DFT) plant at Mangaon, Maharashtra; DFT capacity increased from 4,50,000 MTPA to 5,00,000 MTPA. 
• 2024: Nabha Steels and Metals renamed JTL Engineering Limited and commenced phased operations in June. 
• 2024–25: JTL Engineering Limited contributed 41,865 metric tonnes to overall production volumes. 
• 2025: Total installed capacity reached approximately 10,00,000 MTPA as of March 31 

Industry Perspective 

The steel pipes and tubes industry is a key segment of the broader steel manufacturing sector that supports infrastructure, construction, automotive, energy, water distribution, and industrial applications. This industry produces welded and seamless steel tubes and pipes used in structural framing, fluid transportation, mechanical systems, and specialised engineering applications. It plays a vital role in national development projects, including oil & gas pipelines, water networks, industrial facilities, and urban infrastructure.  Globally, the steel pipes and tubes market is projected to grow significantly in the coming years. Estimates indicate that the global steel pipes & tubes market could reach approximately USD 192.6 billion by 2030, expanding at a compound annual growth rate (CAGR) of around 6.1% between 2024 and 2030. This growth is supported by rising investment in infrastructure, energy, and water systems worldwide.  In India, the steel pipes & tubes market generated about USD 11.77 billion in 2022 and is expected to grow to approximately USD 17.6 billion by 2030, exhibiting a CAGR of about 5.2% from 2023 to 2030, driven by infrastructure expansion, industrial demand, and increasing pipeline projects.  

Emerging trends such as urbanisation, industrialisation, and energy sector expansion are expected to sustain demand, while technological advancements in manufacturing processes and materials further enhance market prospects. 

JTL Industries Limited is positioned to benefit from sustained growth in infrastructure, construction, water distribution, renewable energy, and industrial manufacturing. Rising public and private capital expenditure, increased use of steel-intensive construction methods, and expanding export demand support steady volume growth. Its diversified product mix and expanded manufacturing capacity align well with increasing demand for structural and value-added steel tubes and pipes. 

JTL Industries Limited Stock Market Presence: Listings & Index Representation 

JTL Industries is listed on the BSE (Bombay Stock Exchange) and on the NSE (National Stock Exchange). The company is represented by its NSE symbol JTLIND and its BSE scrip code 534600. 

JTL Industries Limited is a recognized entity in the Indian stock market, listed on major exchanges such as NSE (JTLIND) and BSE (534600). Its inclusion in prominent indices like the BSE 1000, S&P BSE Industrials, BSE Next 250 Microcap, S&P BSE MidSmallCap, S&P BSE SmallCap, and S&P BSE AllCap underscores the company’s significance within India’s industrial manufacturing sector. 

JTL Industries stock price is tracked by investors interested in the industrial and manufacturing space. Its inclusion in these indices reflects its market capitalisation, operational scale in steel pipe manufacturing, and its role in infrastructure development. Listing on NSE and BSE ensures liquidity, while index presence connects the company to broader market trends within the capital goods and industrials segments. 

JTL Industries Limited Stock Performance and Share Price History 

JTL Industries share price on NSE and BSE reflects its position as a manufacturer in the industrial pipes and tubes sector. Performance is driven by revenue growth, profitability margins, steel demand cycles, raw material input costs, and capital expenditure in infrastructure. Investors compare JTL Industries share price today with benchmark indices and sectoral indices to gauge relative performance. 

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting JTL Industries share price. In addition to operational and sector-led factors, corporate actions can also have a significant impact on JTL Industries share price movements short-term even when the company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings, even within an industrial framework influenced by economic cycles and commodity prices. 

While short-term movements reflect events and announcements, longer-term valuation trends are visible through JTL Industries share price 52-week high and low, providing context beyond daily or weekly changes. Highs indicate strong industrial demand and stable margins, while lows align with market corrections or sector volatility. These levels capture impacts of economic policy, growth expectations, commodity prices, and earnings visibility, providing context for the stock’s historical performance. 

JTL Industries stock performance reflects the trading behaviour of a company operating within India’s industrial and manufacturing sector. The company’s product portfolio, manufacturing capacity, and focus on both domestic and export markets have shaped its JTL Industries share price history. Over time, the stock has shown periods of significant appreciation and phases of consolidation. 

The JTL Industries share price reached a 52-week high of ₹103.00 and a low of ₹51.31. The stock closed at ₹74.17 on the latest trading day, which is approximately 28% below its yearly high and 44.55% above its yearly low. Over a one-month period, the JTL Industries share price increased by 23.99%, while it declined by 23.21% over the past year. The JTL Industries stock price delivered a return of 31.6% over five and ten-year periods. 

The company’s performance shows distinct seasonal patterns. Based on a 5-year average, the JTL Industries share price has historically seen positive returns in the second (7.08%) and third quarters (10.62%), with weaker performance in the first (-1.13%) and fourth quarters (-3.49%). Specifically, in 2023, the JTL Industries stock price surged 52.1%, driven by strong quarterly gains of 28.49% in Q3 and 12.33% in Q2. This increase was supported by robust financial performance, including a 59.44% year-on-year revenue growth reported in March 2023 and rising steel demand. 

Conversely, the JTL Industries share price decreased by 37.6% in 2025 and 18.3% in 2024. The decline in 2025 included quarterly drops of 20.84% in Q1, 15.3% in Q3, and 12.36% in Q4. This downward movement coincided with a 6.13% year-on-year decline in total revenue for March 2025 and a 23.11% decrease in operating profit. The JTL Industries stock price faced pressure from moderating financial growth and sector-wide challenges. 

Over three years, the JTL Industries share price decreased by 8.15%, underperforming against the Nifty 50’s 46.24% gain and its industry benchmark’s 125.82% rise. This period of underperformance reflects the company’s earnings volatility and competitive pressures within the steel tubes sector. Despite this, the JTL Industries stock price has demonstrated long-term wealth creation for investors who entered a decade ago, supported by the company’s expansion in capacity and market reach. 

JTL Industries stock performance over time has followed India’s infrastructure and industrial cycles. For instance, the JTL Industries share price witnessed substantial growth between 2020 and 2023, a period marked by high revenue and profit compound annual growth rates (CAGR). These returns highlight growth aligned with expanding infrastructure demand and the company’s own capacity expansion trends across the Indian economy. 

Despite broader economic disruptions, JTL Industries shares have shown resilience at certain levels. While the industrial sector faced input cost volatility and demand fluctuations, the company’s established manufacturing base and focus on operational efficiency have helped the stock retain long-term investor interest. Periods of decreased profitability were seen as cyclical, with shares reacting to quarterly earnings announcements and guidance on future capacity utilisation. 

JTL Industries Limited Investor Relevance and Portfolio Role

JTL Industries offers exposure to the industrial manufacturing and steel products sector, serving infrastructure, construction, and global export markets. Inclusion in indices such as the S&P BSE Industrials and BSE SmallCap underscores its relevance within the capital goods segment. The company’s focus on capacity expansion, operational scale, and product diversification makes it a constituent for sector-specific and small-cap portfolio allocations. 

JTL Industries equity is held by a mix of institutional investors, reflecting its position in India’s industrial sector. Top mutual fund stakeholders include BNP Paribas Funds – Emerging Markets Climate Solutions, Bnp Paribas Funds – Ecosystem Restoration, and SPDR Index Shares Funds – SPDR Portfolio Emerging Markets ETF. Other holders include Dimensional ETF Trust – Dimensional Emerging Markets Core Equity 2 ETF, SPDR Index Shares Funds – SPDR S&P Emerging Markets Small Cap ETF, and DFA Investment Dimensions Group Inc. – Emerging Markets Social Core Equity Portfolio. Additional funds with stakes are DFA Investment Dimensions Group Inc. – Emerging Markets ex China Core Equity Portfolio, Dimensional Emerging Markets Value Trust, Dimensional ETF Trust – Dimensional Emerging Markets ex China Core Equity ETF, and American Century ETF Trust – Avantis Emerging Markets Small Cap Equity ETF. This investor base underscores the stock’s role as a holding within emerging market and sector-focused portfolios. 

Beyond fundamentals and ownership, JTL Industries stock is monitored in the context of broader market trends, where trading patterns reflect expectations on industrial demand, commodity prices, and the company’s quarterly financial results. Activity around key price levels shows how investors position around earnings trends and sector sentiment. 

Technical indicators provide additional insight into short-term momentum shifts in JTL Industries stock price. While primarily used for near-term trading, these tools can also help market participants gauge sentiment and potential volatility around major corporate events or results. 

JTL Industries beta values indicate varying levels of volatility across different time frames. The long-term beta stands at 0.325, suggesting a low correlation with broad market movements over extended periods. However, shorter-term daily beta readings are higher, at 3.29 for a one-month range and 2.61 for a three-month range, indicating significant short-term volatility. Weekly beta figures over one-year and two-year ranges are 1.86 and 1.93 respectively, showing a high correlation with market swings on a weekly basis. The two-week beta over two years is 1.10, and the monthly beta over the same period is 0.303.  

This wide range of beta values, from 0.303 to 3.29, highlights that the JTL Industries share price can experience periods of both low correlation and high sensitivity to market movements, depending on the trading horizon. Investors monitor these metrics to understand the stock’s risk profile relative to the market. The JTL Industries share price movement is thus contextualized by these volatility measures. 

JTL Industries Limited Sectoral Relevance and Peer Positioning 

JTL Industries sector relevance stems from its scale in manufacturing ERW steel pipes and structural tubes, installed capacity, export footprint, and integration within India’s infrastructure supply chain, establishing it as a key player in the industrial steel products segment. Peer comparisons with other steel product manufacturers such as Surya Roshni, Maharashtra Seamless, APL Apollo Tubes, Tata Steel BSL, and Steel Strips Wheels focus on product range, manufacturing capacity, revenue growth, and market penetration rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and positioning within the industrial sector. Institutional tracking of capacity utilization, raw material costs, and infrastructure spending further highlights JTL Industries’s importance within India’s broader capital goods and manufacturing markets. 

JTL Industries market cap was ₹28.17 billion as of February 2, 2026. This represents a decrease of 29.94% from its value one year prior. The company’s market cap history shows significant growth and volatility over recent years. It increased from ₹13.93 billion in December 2021 to ₹40.82 billion by December 2023, marking a rapid expansion. However, it declined to ₹37.70 billion in December 2024 and fell further to ₹23.39 billion by the end of December 2025, before recovering to its current level. Since July 2012, the market cap has grown from ₹1.05 billion to the present ₹28.17 billion, which is an increase of 2,580.70%, translating to a compound annual growth rate of 27.54%. These movements in market cap are closely tied to the JTL Industries share price and reflect changing investor perceptions of the company’s growth trajectory and sector dynamics. 

JTL Industries has demonstrated a strong historical growth trajectory in its earnings, although recent years show some consolidation. The company’s net income grew from ₹1.38 billion in March 2017 to ₹113.01 billion in March 2024. The JTL Industries earnings for March 2025 were ₹98.82 billion, indicating a slight decrease from the previous year’s high. Key profitability metrics like EBITDA have followed a similar path, growing from ₹1.59 billion in March 2016 to a peak of ₹160.86 billion in March 2024, before adjusting to ₹145.40 billion in March 2025. The compound annual growth rate for Net Income over five years stands at 58.44%, and for EBITDA, it is 50.46% over the same period. This earnings history shows periods of very high growth followed by recent moderation, which influences long-term analysis of the JTL Industries stock price and the company’s ability to sustain profitability amidst sector cycles. 

JTL Industries EPS has shown significant growth over the last decade, with recent fluctuations. The EPS increased from ₹0.121 in March 2016 to ₹3.31 in March 2024. The latest reported EPS for March 2025 is ₹2.51. Analysing the last five years in detail, the EPS was ₹0.95 in March 2021, which rose to ₹2.58 in March 2022, ₹2.67 in March 2023, peaked at ₹3.19 in March 2024, and then declined to ₹2.51 in March 2025. The 3-year CAGR for EPS is 9.23%, while the 5-year CAGR is 40.90%. The year-on-year change for March 2025 was a decrease of 21.66%. This EPS history provides a clear measure of the company’s per-share profitability and is a fundamental driver behind the JTL Industries share price, as it directly relates to the value generated for each equity shareholder. 

JTL Industries P/E ratio helps illustrate how the market has valued the company’s earnings over time. The latest reported P/E ratio is 29.22 for the financial year ending March 2025. This represents an increase from the 27.64 P/E ratio recorded for March 2024. Over the past five years, the P/E ratio has varied, starting from 0 in March 2021 (due to negligible earnings), rising to 28.95 in March 2022, reaching 29.92 in March 2023, then easing to 27.64 in March 2024, before its current level. The trailing twelve months (TTM) P/E ratio is 25.56. The P/E ratio with a value of 29.92 in March 2023 was the highest in the last five years. The current P/E of 29.22 is above the five-year average of 23.15. This P/E history shows that market valuation has generally remained in a stable range in recent years, reflecting investor expectations about future earnings growth in relation to the prevailing JTL Industries share price. 

Summary 

JTL Industries Limited is a prominent manufacturer of steel pipes and tubes with a significant presence in India and export markets. The JTL Industries share price is influenced by sector-specific factors like industrial demand and raw material costs. The company is listed on key stock exchanges and included in several sectoral indices. Its stock performance shows distinct historical trends and seasonal patterns. A range of institutional investors hold the stock, and its beta indicates varying volatility. Key financial metrics, including market cap, earnings, EPS, and P/E ratio, provide a view of the company’s market position and historical financial trajectory.