JTL Defence

Nalagarh, India Founded: 1992 • Age: 34 yrs Listed
Manufacturer of copper and copper-alloy wires, strips and foils for industrial applications.

About JTL Defence

JTL Defence is a publicly listed company based in Nalagarh (India) founded in 1992. Manufacturer of copper and copper-alloy wires, strips and foils for industrial applications. Its Indian entity Jtl Defence Limited reported revenue of ₹21.02 Cr. JTL Defence offers products and services including Brass and Copper Foils/Coils/Strips, Copper Wires, Solder Bars and Wires, and Stainless Steel Strips/Foils. Its focus areas include Manufacturing, Metal Products, Non-Ferrous Metals and Copper Alloys.

Company details

JTL Defence Limited, formerly RCI Industries Technologies Limited, manufactures non-ferrous metal products, including copper wires, copper and brass strips, foils and alloy products. Its manufacturing operations are based in Baddi, Himachal Pradesh. The product range also includes phosphor bronze, nickel alloys, stainless steel foils and solder products for electrical, automotive, engineering, construction, electronics and defence-related applications. Established in 1992, the company adopted the JTL Defence name in April 2026 and is listed on BSE under the symbol JTLDEFENCE.

  • Headquarters Nalagarh, India
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website jtldefence.com
  • Social LinkedIn Facebook Instagram
  • Legal Name Jtl Defence Limited
  • Date of Incorporation 07 Jan, 1992
  • Jurisdiction Nalagarh, Himachal Pradesh, India
Key Metrics
  • Market Cap
    ₹589 Cr

    JTLDEFENCE · BSE

  • Share Price
    ₹548.65

    -1.99% today

  • Revenue
    ₹19.29 Cr

    FY 2025-26 · +1868.4% YoY

  • EBITDA
    ₹4.22 Cr

    Margin 21.9%

  • Net Profit
    ₹0.28 Cr

    FY 2025-26 · +104.4% YoY

  • ROE
    -0.5%

    ROCE 1.2%

Products & Services of JTL Defence

JTL Defence offers a comprehensive portfolio of products and services, including Brass and Copper Foils/Coils/Strips, Copper Wires, Solder Bars and Wires, and Stainless Steel Strips/Foils.

Brass and Copper Foils/Coils/Strips
Metal Products

Brass and copper products are manufactured for industrial use.

Copper Wires
Metal Products

Copper wires are produced for electrical applications globally.

Solder Bars and Wires
Metal Products

Solder bars and wires are crafted for industrial soldering.

Stainless Steel Strips/Foils
Metal Products

Stainless steel strips and foils are manufactured precisely.

Board of directors of Jtl Defence Limited (JTL Defence)

Jtl Defence Limited is the primary company behind JTL Defence. The board of Jtl Defence Limited currently have 6 directors; the longest-serving is Pranav Singla, appointed in 2025. 16 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pranav Singla
DIN 07898093
Managing Director28 Oct 20251 yrJtl Defence Limited
Venkatagowri Sankara Jayaram Pyla
DIN 09844868
Director06 Jan 20269 moJtl Defence Limited
Dhruv Singla
DIN 02837754
Whole-time director06 Jan 20269 moJtl Defence Limited
Satinder Singh
DIN 11453680
Director06 Jan 20269 moJtl Defence Limited
Neerja Chathley
DIN 08448077
Director06 Jan 20269 moJtl Defence Limited
Deevesh Bhojia
DIN 09148090
Whole-time director29 Aug 20262 moJtl Defence Limited

IPO & Listings of JTL Defence

JTL Defence is a publicly listed company on the BSE with ticker symbol JTLDEFENCE in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onBSE: JTLDEFENCE
  • Listed entityJTL DEFENCE LIMITED
  • Exchange sectorNon-energy minerals

Financials of JTL Defence

Exchange-reported figures of Jtl Defence Limited, the listed company behind JTL Defence (BSE: JTLDEFENCE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹19.29 Cr
+1868.4% YoY
EBITDA
₹4.22 Cr
+463.8% YoY
Profit After Tax
₹0.28 Cr
+104.3% YoY
Net Worth
₹196 Cr
+227.1% YoY
Total Assets
₹256 Cr
+211.9% YoY
Total Debt
₹59.82 Cr
-74.6% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue19.290.982.3023.0259.6870.80457
Revenue growth+1868.4%-57.4%-90.0%-61.4%-15.7%-84.5%-
EBITDA4.22(1.16)(2.26)(6.92)(60.25)(147)(155)
EBITDA margin+21.9%-118.4%-98.3%-30.1%-101.0%-207.1%-34.0%
Profit before tax0.06(6.37)(9.80)(14.22)(71.90)(159)(167)
Net profit0.28(6.44)(9.22)(17.18)(71.67)(154)(129)
Net profit margin+1.5%-657.1%-400.9%-74.6%-120.1%-216.9%-28.3%
EPS (₹)0.25(4.11)(5.88)(10.97)(45.71)(100.12)(106.12)
Balance sheet
Total assets25682.0888.5297.75113184348
Net worth196(154)(148)(139)(122)(50.16)109
Total debt59.82236236236234233238
Cash & bank1.461.229.864.232.142.562.54
Net working capital47.8318.7519.7021.1527.4983.92224
Cash flow
Cash from operations(15.48)(8.40)4.811.21(1.16)1.0625.59
Cash from investing(7.86)0.200.82(0.07)0.583.408.35
Cash from financing23.390.000.000.670.17(4.94)(34.19)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19.7121.2415.240.473.580.000.150.47
Revenue growth (YoY)+450.6%--0.0%+1456.5%-100.0%--
Other income0.000.000.000.061.670.010.010.00
EBITDA2.252.463.691.201.12(1.79)(0.68)(0.06)
EBITDA margin+11.4%+11.6%+24.2%+255.3%+31.3%--453.3%-12.8%
Depreciation4.033.981.301.171.191.151.351.35
Interest0.800.910.990.090.000.000.000.00
Profit before tax(2.58)(2.43)1.400.001.60(2.93)(2.02)(1.41)
Tax0.050.25(0.29)0.030.030.030.020.02
Net profit(2.63)(2.68)1.69(0.03)1.57(2.96)(2.04)(1.43)
EPS (₹)(2.50)(2.54)1.21(0.02)1.00(1.89)(1.31)(0.91)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue19.290.982.3023.0259.6868.80389
Revenue growth+1868.4%-57.4%-90.0%-61.4%-13.3%-82.3%-
EBITDA4.22(1.16)(2.26)(6.92)(60.69)(80.25)(131)
EBITDA margin+21.9%-118.4%-98.3%-30.1%-101.7%-116.6%-33.7%
Profit before tax0.06(6.37)(9.80)(14.22)(72.34)(92.26)(143)
Net profit0.28(6.44)(9.22)(17.18)(72.11)(88.85)(106)
Net profit margin+1.5%-657.1%-400.9%-74.6%-120.8%-129.1%-27.2%
EPS (₹)0.25(4.11)(5.88)(10.97)(45.99)(57.76)(90.89)
Balance sheet
Total assets25682.0888.5297.75113184280
Net worth196(154)(148)(139)(122)(49.64)40.80
Total debt59.82236236236234233238
Cash & bank1.461.229.864.231.782.202.12
Net working capital47.8318.7519.7021.1526.8980.02157
Cash flow
Cash from operations(15.48)(8.40)4.810.97(1.16)4.0825.55
Cash from investing(7.86)0.200.820.530.580.438.66
Cash from financing23.390.000.000.670.17(4.93)(34.16)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19.7121.2415.240.473.580.000.150.47
Revenue growth (YoY)+450.6%--0.0%+1456.5%-100.0%--
Other income0.000.000.000.061.670.010.010.00
Total expenses17.4618.7811.55(0.73)2.461.790.830.53
EBITDA2.252.463.691.201.12(1.79)(0.68)(0.06)
EBITDA margin+11.4%+11.6%+24.2%+255.3%+31.3%--453.3%-12.8%
Depreciation4.033.981.301.171.191.151.351.35
Interest0.800.910.990.090.000.000.000.00
Profit before tax(2.58)(2.43)1.400.001.60(2.93)(2.02)(1.41)
Tax0.050.25(0.29)0.030.030.030.020.02

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 30 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19.7121.2415.240.473.580.000.150.47
Revenue growth (YoY)+450.6%--0.0%+1456.5%-100.0%--
Other income0.000.000.000.061.670.010.010.00
EBITDA2.252.463.691.201.12(1.79)(0.68)(0.06)
EBITDA margin+11.4%+11.6%+24.2%+255.3%+31.3%--453.3%-12.8%
Depreciation4.033.981.301.171.191.151.351.35
Interest0.800.910.990.090.000.000.000.00
Profit before tax(2.58)(2.43)1.400.001.60(2.93)(2.02)(1.41)
Tax0.050.25(0.29)0.030.030.030.020.02
Net profit(2.63)(2.68)1.69(0.03)1.57(2.96)(2.04)(1.43)
EPS (₹)(2.50)(2.54)1.21(0.02)1.00(1.89)(1.31)(0.91)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue19.290.982.3023.0259.6870.80457
Revenue growth+1868.4%-57.4%-90.0%-61.4%-15.7%-84.5%-
Other income1.730.200.820.110.230.7617.27
Total expenses15.072.144.5629.94120217612
Employee cost0.760.181.793.314.205.489.80
EBITDA4.22(1.16)(2.26)(6.92)(60.25)(147)(155)
EBITDA margin+21.9%-118.4%-98.3%-30.1%-101.0%-207.1%-34.0%
Depreciation4.815.418.365.7711.2812.5913.37
Interest1.080.000.001.640.600.2015.90
Profit before tax0.06(6.37)(9.80)(14.22)(71.90)(159)(167)
Tax(0.22)0.07(0.58)2.96(0.23)(1.70)(0.75)
Net profit0.28(6.44)(9.22)(17.18)(71.67)(154)(129)
Net profit margin+1.5%-657.1%-400.9%-74.6%-120.1%-216.9%-28.3%
EPS (₹)0.25(4.11)(5.88)(10.97)(45.71)(100.12)(106.12)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.5315.6815.6815.6815.6815.6815.68
Reserves & surplus186(170)(164)(154)(137)(65.84)92.94
Shareholders' funds (net worth)196(154)(148)(139)(122)(50.16)109
Minority interest0.000.000.000.000.000.000.00
Secured loans30.00217217217216216224
Unsecured loans29.8218.5218.5218.5217.2217.1014.45
Total debt59.82236236236234233238
Total liabilities25682.0888.5297.75113184348
Assets
Gross block313114114114114112126
Net block23642.1447.5555.9261.7071.2590.13
Capital work in progress4.406.276.276.276.278.429.47
Investments12.4712.4712.4712.4711.8611.8611.86
Inventories33.650.410.410.747.9332.0349.41
Sundry debtors20.2711.1911.6111.8410.8147.38241
Cash & bank balances1.461.229.864.232.142.562.54
Loans & advances18.2113.9813.8413.6612.4013.5125.33
Total current assets73.5926.8035.7230.4733.2895.48318
Total current liabilities25.768.0516.029.325.7911.5693.52
Net working capital47.8318.7519.7021.1527.4983.92224
Total assets25682.0888.5297.75113184348
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.148.342.710.901.321.802.05
Net cash from operating activities(15.48)(8.40)4.811.21(1.16)1.0625.59
Net cash from investing activities(7.86)0.200.82(0.07)0.583.408.35
Net cash from financing activities23.390.000.000.670.17(4.94)(34.19)
Net change in cash0.05(8.20)5.631.81(0.42)(0.48)(0.25)
Closing cash1.461.229.864.232.142.562.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1868.4%-57.4%-90.0%-61.4%-15.7%-84.5%-
EBITDA growth+463.8%+48.7%+67.3%+88.5%+58.9%+5.5%-
PBT growth+9998.0%+35.0%+31.1%+80.2%+54.7%+5.0%-
Net income growth+104.4%+30.2%+46.3%+76.0%+53.3%-18.6%-
Revenue CAGR (3Y)-5.7%-74.6%-68.1%-63.1%-69.0%-67.3%-35.9%
EBITDA CAGR (3Y)--73.2%-75.1%-64.5%---
Profitability & leverage
Net income margin+1.5%-657.1%-400.9%-74.6%-120.1%-221.7%-36.4%
Return on capital employed+1.2%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.5%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.008.061.02
Long-term debt / equity0.000.000.000.000.000.410.12
Interest cover-183.050.000.00-12.92-0.84-0.13-9.44
Efficiency & per share
Fixed asset turnover0.140.010.020.200.530.593.69
Inventory turnover1.132.394.005.312.991.745.44
Debtors turnover1.230.090.202.032.050.491.80
EPS (₹)0.25(4.11)(5.88)(10.97)(45.71)(100.12)(106.12)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)51.89(98.49)(94.39)(88.50)(77.53)(32.00)69.29
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue19.7121.2415.240.473.580.000.150.47
Revenue growth (YoY)+450.6%--0.0%+1456.5%-100.0%--
Other income0.000.000.000.061.670.010.010.00
Total expenses17.4618.7811.55(0.73)2.461.790.830.53
EBITDA2.252.463.691.201.12(1.79)(0.68)(0.06)
EBITDA margin+11.4%+11.6%+24.2%+255.3%+31.3%--453.3%-12.8%
Depreciation4.033.981.301.171.191.151.351.35
Interest0.800.910.990.090.000.000.000.00
Profit before tax(2.58)(2.43)1.400.001.60(2.93)(2.02)(1.41)
Tax0.050.25(0.29)0.030.030.030.020.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue19.290.982.3023.0259.6868.80389
Revenue growth+1868.4%-57.4%-90.0%-61.4%-13.3%-82.3%-
Other income1.730.200.820.110.230.6417.08
Total expenses15.072.144.5629.94120149520
Employee cost0.760.181.793.314.205.429.48
EBITDA4.22(1.16)(2.26)(6.92)(60.69)(80.25)(131)
EBITDA margin+21.9%-118.4%-98.3%-30.1%-101.7%-116.6%-33.7%
Depreciation4.815.418.365.7711.2812.4713.23
Interest1.080.000.001.640.600.1815.87
Profit before tax0.06(6.37)(9.80)(14.22)(72.34)(92.26)(143)
Tax(0.22)0.07(0.58)2.96(0.23)(1.70)(0.75)
Net profit0.28(6.44)(9.22)(17.18)(72.11)(88.85)(106)
Net profit margin+1.5%-657.1%-400.9%-74.6%-120.8%-129.1%-27.2%
EPS (₹)0.25(4.11)(5.88)(10.97)(45.99)(57.76)(90.89)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.5315.6815.6815.6815.6815.6815.68
Reserves & surplus186(170)(164)(154)(137)(65.32)25.12
Shareholders' funds (net worth)196(154)(148)(139)(122)(49.64)40.80
Secured loans30.00217217217216216224
Unsecured loans29.8218.5218.5218.5217.2217.1014.45
Total debt59.82236236236234233238
Total liabilities25682.0888.5297.75113184280
Assets
Gross block313114114114114112120
Net block23642.1447.5555.9261.7071.2585.31
Capital work in progress4.406.276.276.276.278.429.47
Investments12.4712.4712.4712.4712.4716.5216.52
Inventories33.650.410.410.747.9332.0349.41
Sundry debtors20.2711.1911.6111.8410.8143.79169
Cash & bank balances1.461.229.864.231.782.202.12
Loans & advances18.2113.9813.8413.6612.1613.5125.08
Total current assets73.5926.8035.7230.4732.6891.53245
Total current liabilities25.768.0516.029.325.7911.5188.50
Net working capital47.8318.7519.7021.1526.8980.02157
Total assets25682.0888.5297.75113184280
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.148.342.710.540.961.381.32
Net cash from operating activities(15.48)(8.40)4.810.97(1.16)4.0825.55
Net cash from investing activities(7.86)0.200.820.530.580.438.66
Net cash from financing activities23.390.000.000.670.17(4.93)(34.16)
Net change in cash0.05(8.20)5.632.17(0.42)(0.42)0.06
Closing cash1.461.229.864.231.782.202.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+1868.4%-57.4%-90.0%-61.4%-13.3%-82.3%-
EBITDA growth+463.8%+48.7%+67.3%+88.6%+24.4%+38.8%-
PBT growth+9998.0%+35.0%+31.1%+80.3%+21.6%+35.6%-
Net income growth+104.4%+30.2%+46.3%+76.2%+18.8%+16.1%-
Revenue CAGR (3Y)-5.7%-74.6%-67.8%-61.0%-66.8%-65.1%-34.5%
EBITDA CAGR (3Y)--73.3%-69.6%-62.5%---
Profitability & leverage
Net income margin+1.5%-657.1%-400.9%-74.6%-120.8%-131.6%-36.6%
Return on capital employed+1.2%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.5%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.001.72
Long-term debt / equity0.000.000.000.000.000.000.20
Interest cover-183.050.000.00-12.92-0.83-0.19-10.99
Efficiency & per share
Fixed asset turnover0.140.010.020.200.530.593.29
Inventory turnover1.132.394.005.312.991.694.63
Debtors turnover1.230.090.202.032.190.652.05
EPS (₹)0.25(4.11)(5.88)(10.97)(45.99)(57.76)(90.89)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)51.89(98.49)(94.39)(88.50)(77.53)(31.67)26.02

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Frequently Asked Questions about JTL Defence

JTL Defence was founded in 1992.

JTL Defence is headquartered in Nalagarh, India. It is registered at Nalagarh, Himachal Pradesh, India.

The primary company behind JTL Defence, Jtl Defence Limited, reported revenue of ₹21.02 Cr for FY 2026, up 1868% year on year.

JTL Defence Limited, formerly RCI Industries Technologies Limited, manufactures non-ferrous metal products, including copper wires, copper and brass strips, foils and alloy products. Its manufacturing operations are based in Baddi, Himachal Pradesh. The product range also includes phosphor bronze, nickel alloys, stainless steel foils and solder products for electrical, automotive, engineering, construction, electronics and defence-related applications. Established in 1992, the company adopted the JTL Defence name in April 2026 and is listed on BSE under the symbol JTLDEFENCE.

JTL Defence offers Brass and Copper Foils/Coils/Strips, Copper Wires, Solder Bars and Wires, and Stainless Steel Strips/Foils.

Yes, JTL Defence is publicly traded on BSE under the ticker symbol JTLDEFENCE.

JTL Defence operates through Jtl Defence Limited.

The legal entities of JTL Defence currently have 8 directors, including Venkatagowri Sankara Jayaram Pyla, Dhruv Singla, Satinder Singh and others.

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