QIP @221.57 Approved
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How different the company is from APL Apollo tubes?
EPS calculated by screener isn’t correct. They take basic EPS. Diluted EPS is to be considered
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cash from operaring activities is continuosily negative? what would be the reason for this. While its competitiors have sufficient cash from operation as a percentage of total opeating profit?
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The Committee of Creditors of RCI had issued a Letter of
Intent (“LOI”) dated 17th August, 2024 to JTL and the same has been accepted by JTL
1.Company targeting 30% YoY revenue growth and volume growth for FY25 and 40% VAP share. 2. Company expecting no delay in the capacity expansion plans, with everything in line with previous targets. 3.Company adding color-coated lines and galvanizing lines in addition to DFT lines. 4. Company has successfully launched the first phase of Nabha Steel and Metals, achieving sales of 10,000 tons. 5. Company has several opportunities to import and export to take the benefit of the Indian market and the scenario of free trade from different countries.
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Mkt share can more than double from 9% to 20% for JTL by FY28 coz of capex
VAP is supposed to increase too
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Where to get this data?
Why company had higher EBITDA/t in Q2 is higher than APL apollo?
JTL has entered the lattice tower segment, a new value-added product category.
A new plant has been established at Derabassi, Punjab, with a production capacity of 1,500 tons per month.
The Greenfield project spans 12 acres of recently acquired land and is expected to commence operations by H2FY26.
Lattice towers are integral to the Indigenous Train Collision Avoidance System (Kavach), supporting Indian Railways’ goal of achieving “Zero Accidents.”
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Good development…Such towers also find their use at lattice-tubular hybrid towers for windmill.
D-No position
I do see few questions related to CFO and have not seen any reply on it. Raising it again to get some traction.
Anyone has any idea why there has been a huge gap between PAT and CFO ?
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Significant Capacity Boost and Efficiency Gains with New DFT Technology
JTL Industries has announced a major development: the successful deployment of Direct Forming Technology (DFT) at their Maharashtra facility in Mangaon. This isn’t just a minor upgrade; it represents a transformative shift in their production capabilities and strategic direction.
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Massive Capacity Expansion at Mangaon: The DFT implementation increases Mangaon facility’s production capacity from 200,000 Metric Tonnes Per Annum (MTPA) to 450,000 MTPA. This is a remarkable 125% increase in capacity at a single location. Considering JTL’s total capacity is around 936,000 MTPA, this single facility now contributes a significantly larger portion, potentially reshaping their production footprint.
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Focus on High-Value Products: DFT enables the manufacturing of larger square tubes (up to 350x350 mm) and rectangular tubes (up to 400x300 mm) with a thickness of up to 14mm. This expands their product range into higher-value, larger-dimension steel tubes , which likely command better margins and cater to more demanding industrial applications.
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Quantifiable Efficiency Gains: The press release highlights a 33% reduction in downtime and a 25% reduction in downtime costs expected from DFT. These are significant operational efficiency improvements that directly translate to lower production costs and higher throughput.
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Targeted VAP (Value-Added Product) Growth: JTL explicitly states that DFT adoption aims to increase the contribution of Value-Added Products (VAP) to over 50% of their sales mix. VAPs typically have higher margins, so this strategic shift towards VAP production should positively impact profitability.
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Management’s Strategic Vision:
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Management emphasizes “commitment to innovation and operational excellence .” This signals a proactive approach to technology adoption and continuous improvement.
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They highlight that DFT “will not only enhance production efficiency but also broaden our product portfolio, enabling us to serve our customers more effectively .” This points towards a dual strategy of cost optimization and revenue diversification.
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The management expects DFT benefits to “manifest in both our top-line growth and bottom-line performance , reinforcing JTL’s position as a market leader.” This clearly links the investment to improved financial performance and market leadership aspirations.
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They stress "strategic investment in this cutting-edge technology " indicating a long-term perspective and a focus on staying ahead of the competition.
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JTL Industries has now crossed the 1 Million MTPA mark in total installed capacity, reaching an estimated 1.186 Million MTPA. Mangaon now represents a significantly larger portion of their overall production capability.
Mcap as on 24/03/2025 - ₹ 3,178 Cr.
PE Ratio - 28.6
Disc: Invested
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Just went over the volume figures posted by both JTL and APL Apollo.
JTL – the YOY increase is 13% with the FY’25 volume at 0.39 MT. This figure includes results from JTL Engg (aka Nabha Steels, which JTL acquired recently).
APL Apollo – the YOY increase is 21% with the FY’25 volume at 3.16 MT.
APL is growing faster in terms of volume despite the much larger base!!
Thoughts?
Disc: Exited but tracking
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I’m glad I had raised red flags in my May 2024 comments here (pl spare some time to read those comments) and those hv been playing out over the last quarters.
Surprisingly people do deep fundamental analysis but miss out on the red flag. Many of those posting analytical stuff here were clearly stuck at higher prices and we’re hoping that their posts will prevent damage to the share price. This false hope is the reason why most retail investors loose money consistently.
Finally ED is catching up with this company too. Given that the same gensol dubai investor was given qip, this may be another gensol.
Let’s wait and watch
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Why there cash flow from opration is in -ve has anyone have idea about this
Q4 results in line with expectation… red flags becoming glaringly obvious:
- Equity dilution, increase in debt and big increase in current assets especially receivables.
- Negative CFO.
- Continuing decline in profitability.
- Promoter acting as hero by waiving off their share of dividend.
If the above don’t reflect in the post-results share price move, it raises another red flag that the stock may be operator driven and potentially manipulated.
SEBI should investigate this company before it becomes too late.
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