Multibagger Alert: This steel and iron product manufacturer has given stellar returns of 321.84% in the past year!

resr 5paisa Research Team

Last Updated: 15th December 2022 - 10:07 pm

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JTL Infra has received approval for the incorporation of a wholly-owned subsidiary ‘JTL Tubes’.

JTL Infra Ltd is an integrated manufacturer and supplier of steel tubes, pipes and allied products. The company has given investors stellar returns of 321.84% over the last year. The share price of the company stood at Rs 54.63 on February 22, 2021, and since then, it has increased investor wealth by more than four times.

Snapshot of Q3FY22 result:

The company has recently published strong Q3FY22 results. In Q3FY22, revenue grew by 130.28% YoY to Rs 232.45 crore from Rs 100.94 crore in Q3FY21. On a sequential basis, the top-line was down by 11.65%. PBIDT (Ex OI) was reported at Rs 19.1 crore, up by 122.69% as compared to the year-ago period and the corresponding margin was reported at 8.22%, contracting by 28 basis points YoY. PAT was reported at Rs 13.02 crore, up by 159.57% from Rs 5.02 crore in the same quarter for the previous fiscal year. The PAT margin stood at 5.6% in Q3FY22 expanding from 4.97% in Q3FY21.

About the company:

JTL Infra Limited, headquartered in Chandigarh, is a company engaged in the manufacture and sale of ERW Black and Galvanized steel pipes and tubes, hollow sections and structural steel with a capacity to produce more than 1.44 lakh metric tons per annum that are used in engineering and construction projects. The company products include galvanized steel tube and pipe, scaffolding fittings and system, hollow sections, LTZ section and mild steel angles/channels.

Recently, JTL Infra has received approval for the incorporation of a wholly-owned subsidiary ‘JTL Tubes’ wherein a further capacity expansion program of 500,000 MT per annum shall be undertaken at a pre-identified strategic location for manufacturing steel tubes pipes and structures through new edge technology.

At 11:24 am on Wednesday, the stock of JTL Infra Ltd was seen trading at Rs 228.1, down by 0.8% or Rs 1.85 per share. The 52-week high of the scrip is recorded at Rs 237 and the 52-week low at Rs 227.95 on the BSE.


Also read: Top buzzing stock: Kiri Industries

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