JTL Industries: A Stock Worth Considering
If you are on the lookout for a promising stock under 100 rupees, JTL Industries might be a good fit for your investment portfolio. This steel pipe manufacturer has recently announced its plans to produce a new product called Lattice Towers, aimed at the railway and telecom sectors.
New Developments at JTL Industries
JTL Industries has shared through the Bombay Stock Exchange (BSE) that they will begin the manufacturing of Lattice Towers. They are setting up a new plant in Derabassi, Punjab, with a production capacity of 1,500 tonnes per month. This Greenfield Project will cover 12 acres of land and is expected to start operations in the second half of FY26.
Applications of Lattice Towers
So, where will these Lattice Towers be utilized? They will play a crucial role in the Railway Protection System (Kavach), which is essential for the Train Collision Avoidance System. Additionally, telecom companies will use them as network towers and for constructing larger structures in steel building materials and railway infrastructure.
Stock Performance and Future Outlook
A major brokerage firm has given a BUY rating for JTL Industries, forecasting a potential 50% increase in share price. Currently priced at ₹96.52, the target is set at ₹144. Although the company faced some challenges in the third quarter of FY25, its outlook remains positive. JTL Industries aims to achieve a production capacity of 1,000,000 MTPA by the end of FY25 and 2,000,000 MTPA by FY28.
Share Returns Overview
When looking at the share returns, JTL Industries saw a decline of 28% over the past year. However, it recorded a return of 22% in two years, 59% in three years, and an impressive 1259% over five years.
Recent Stock Split
In November 2024, JTL Industries announced a stock split, dividing shares with a face value of ₹2 into two shares of ₹1 each. This move has improved liquidity and offered small investors a chance to acquire shares more easily.
Investment Disclaimer
As always, investing in the equity market carries risks. It is advisable to consult with financial experts before making any investment decisions.
JTL Industries Overview
| Aspect |
Details |
| Current Share Price |
₹ 96.52 (as of 1 February 2025) |
| Target Price |
₹ 144 (50% expected increase) |
| New Product |
Lattice Towers for railway and telecom sectors |
| Production Capacity |
1,500 tonnes/month (new plant in Derabassi, Punjab) |
| Expected Operation Start |
Second half of FY26 |
| Brokerage Rating |
BUY (by SIMFS) |
| Stock Performance (1 Year) |
-28% return |
| Stock Performance (2 Years) |
22% return |
| Stock Performance (3 Years) |
59% return |
| Stock Performance (5 Years) |
1259% return |
| Stock Split |
1:1 division (face value of ₹2 to ₹1) |
Disclaimer
There is a risk in the equity market, so invest at your risk. Before investing, take the opinion of experts. The advice given here is based on the report of ET Now Swadesh and Rai on the share is based on the information given by the market expert to ET Now Swadesh.
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