The brokerage believes JTL’s strategic focus on creating tailored products and brands in this space with specific end-use applications uniquely positions it as a go-to solution for organized real estate developers, contractors, fabricators and the like.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
We are initiating coverage on JTL Industries Ltd. with ‘Buy’ rating and target price of Rs 141 valuing at 22x FY27E earnings (P/E basis). JTL Industries is among India’s leading producer of structural steel tubes, boasting an installed capacity of 686 KTPA as of end-Q3 FY25. The company aims to increase its total installed capacity to 1 mtpa by FY25 end and raise it to 2 mtpa by FY27E.
Management’s FY25/26E sales volume guidance is 380 KT/ 600 KT.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.JTL’s volume expansion plan, aggressive market share augmentation and product mix improvement initiatives are key positives, adds Dolat Capital Read MoreResearch Reports
NDTV Profit
