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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
JTL Industries Limited is an India-based producer of Electric Resistance Welded (ERW) steel pipes, including the manufacture of section pipes and tubes. The Company is engaged in the manufacturing and sale of iron and steel products. Its geographical segments include India…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, slow-growing business, fully valued — but flagged on governance.
JTL INDUSTRIES LIMITED is scored on the commodity / cyclical framework. It keeps a slim 4.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.65×) — worth a closer look. Free cash flow is worth about -7.3% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at 5%/yr. Book value itself has compounded 55%/yr — the hallmark of a genuine compounder. Return on equity is a weak 7.9%. In the latest quarter profit fell 7% versus the prior quarter.
At 29× earnings, the stock sits at the 62nd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~11%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-0.82 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 22.4 | 20.39 | worse |
| P/B | 2.05 | 2.07 | better |
| EV/EBITDA | 14.73 | 10.9 | worse |
| ROE | 7.86 | 18.07 | worse |
| ROCE | 10.41 | 9.84 | better |
| ROA | 6.3 | 3.5 | better |
| Quick Ratio | 2.53 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
11% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (11% vs 5%) — costs are rising faster than the top line.
Operating margin has compressed from 8% to 6% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 7% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 15pp.
Profit grew faster than EPS (5% vs -21%) — share dilution is eroding per-share value. -21% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (41% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 57% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 49.3% — dispersed ownership; institutional flows drive the stock. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.