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.
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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.
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