JTL Industries

Chandigarh, India Founded: 1991 • Age: 35 yrs Listed
JTL Industries is recognized as a leading producer of ERW steel pipes in India.

About JTL Industries

JTL Industries is a publicly listed company based in Chandigarh (India) founded in 1991. JTL Industries is recognized as a leading producer of ERW steel pipes in India. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 77 employees. JTL Industries has completed 1 acquisition, including Nabha Steels and Metals. Its Indian entity Jtl Industries Limited reported revenue of β‚Ή2,149 Cr. JTL Industries offers products and services including JTL Galva Flow, JTL MS Structura, and JTL Jal Jaan. Its focus areas include Industrial Goods, Steel Manufacturing and Steel Pipes and Tubes.

Company details

JTL Industries Limited is established as one of the largest producers of Electric Resistance Welded (ERW) steel pipes and tubes in India, with a production capacity exceeding 6 lakh metric tonnes per annum. The company is involved in manufacturing galvanized steel tubes, heavy structural steel, and hollow sections. Its products are utilized across various industrial and construction sectors. With a vast distribution network spanning India and a global presence in over 20 countries across 5 continents, the company is supported by branch offices in key cities like Delhi, Mumbai, and Chandigarh. Advanced manufacturing facilities and a focus on environmental stewardship are maintained to ensure high-quality output.

  • Headquarters Chandigarh, India
  • Employees 77
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website jtl.one
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Jtl Industries Limited
Key Metrics
  • Market Cap
    ₹2,900 Cr

    JTLIND · NSE

  • Share Price
    ₹76.10

    +0.24% today

  • Revenue
    ₹2,136 Cr

    FY 2025-26 · +11.5% YoY

  • EBITDA
    ₹154 Cr

    Margin 7.2%

  • Net Profit
    ₹98.86 Cr

    FY 2025-26 · +2.1% YoY

  • P/E (TTM)
    24.3x

    P/B 2.1x

  • ROE
    8.0%

    ROCE 10.1%

  • Debt / Equity
    0.12

    Interest cover 8.4x

  • Employee Count
    77
  • Investments & Acquisitions

Products & Services of JTL Industries

JTL Industries offers a comprehensive portfolio of products and services, including JTL Galva Flow, JTL MS Structura, and JTL Jal Jaan.

JTL Galva Flow
Steel Pipes

High-quality, corrosion-resistant steel pipes for various industries.

JTL MS Structura
Structural Steel

Structural steel products used in construction projects.

JTL Jal Jaan
Steel Tubes

Steel tubes designed for diverse industrial applications.

Apps and channels of JTL Industries

its YouTube channel ARK FUN has 5.17K subscribers and 22 videos.

ARK FUN
YouTube 5.17K subscribers 22 videos Science & Technology
Open channel

Videos from JTL Industries

The most watched videos on JTL Industries's YouTube channel, ARK FUN (5.17K subscribers). Click a video to play it here.

Vikramshila Express #indianrailways #train #railway #railways
97.8K views
# Musafir Jaane wale
45.8K views
Thiruvananthapuram Hazrat Nizamuddin junction Rajdhani express #indianrailways
34.7K views
# Musafir Jaane wale
15.7K views

More on ARK FUN.

Funding Insights of JTL Industries

  • Total Rounds 1

All 1 funding rounds of JTL Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Aug 2024Post-IPO––
–

Board of directors of Jtl Industries Limited (JTL Industries)

Jtl Industries Limited is the primary company behind JTL Industries. The board of Jtl Industries Limited currently have 10 directors; the longest-serving is Madan Mohan, appointed in 1991. 17 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Madan Mohan
DIN 00156668
Managing Director29 Jul 199135 yrs 3 moJtl Industries Limited
Rakesh Garg
DIN 00184081
Whole-time director29 Jul 199135 yrs 3 moJtl Industries Limited
Sukhdev Raj Sharma
DIN 02135083
Director30 Jun 20206 yrs 4 moJtl Industries Limited
Dhruv Singla
DIN 02837754
Whole-time director18 Aug 20215 yrs 2 moJtl Industries Limited
Pranav Singla
DIN 07898093
Whole-time director18 Aug 20215 yrs 2 moJtl Industries Limited
Rakesh Mohan Garg
DIN 08970794
Director13 May 20233 yrs 6 moJtl Industries Limited
Ashok Goyal
DIN 08930828
Director29 Jul 20233 yrs 3 moJtl Industries Limited
Sanjeev Gupta
DIN 10396875
Whole-time director20 Nov 20232 yrs 11 moJtl Industries Limited
Raman Chadha
DIN 10913870
Director28 Jan 20251 yr 9 moJtl Industries Limited
Jagdeep Kumar Goel
DIN 10398389
Director27 Aug 20251 yr 2 moJtl Industries Limited

IPO & Listings of JTL Industries

JTL Industries is a publicly listed company on the NSE with ticker symbol JTLIND 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.

  • IPO date12 Jun 2023
  • Listed onNSE: JTLIND
  • Listed entityJTL Industries Limited
  • Exchange sectorNon-energy minerals
  • ISININE391J01032
  • Share price₹85.40 (+2.3% on the day) · 2026-10-14
  • Market capitalisation₹3,284 Cr
  • Price to earnings29.7
  • EPS (diluted, trailing year)₹2.88
  • Dividend yield0.15%
  • Volume (last session)1,796,500

Financials of JTL Industries

Exchange-reported figures of Jtl Industries Limited, the listed company behind JTL Industries (NSE: JTLIND).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹2,136 Cr
+11.5% YoY
EBITDA
₹154 Cr
+25.6% YoY
Profit After Tax
₹98.86 Cr
+2.1% YoY
Net Worth
₹1,487 Cr
+22.0% YoY
Total Assets
₹1,769 Cr
+36.3% YoY
Total Debt
₹244 Cr
+220.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue2,1361,9162,0411,5501,355436
Revenue growth+11.5%-6.1%+31.7%+14.4%+211.0%-
EBITDA15412315312889.4232.78
EBITDA margin+7.2%+6.4%+7.5%+8.3%+6.6%+7.5%
Profit before tax13513215012382.3427.02
Net profit98.8696.8711290.9461.0620.06
Net profit margin+4.6%+5.1%+5.5%+5.9%+4.5%+4.6%
EPS (β‚Ή)2.512.516.3810.699.0818.91
Balance sheet
Total assets1,7691,297797516294161
Net worth1,4871,21877540719896.91
Total debt24476.1820.0010794.3163.11
Cash & bank44.5177.3010653.141.814.17
Net working capital1,080931615430214133
Cash flow
Cash from operations(67.37)(246)(21.61)3.9717.09(4.96)
Cash from investing(142)(188)(96.11)(19.93)(34.33)(7.57)
Cash from financing17040716965.7917.0412.20
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue614722693471429544469452
Revenue growth (YoY)+43.0%+32.7%+47.6%+4.2%-10.5%+5.5%--
Other income3.464.771.353.651.985.758.841.93
EBITDA50.7758.7257.7438.6234.6523.3717.8235.28
EBITDA margin+8.3%+8.1%+8.3%+8.2%+8.1%+4.3%+3.8%+7.8%
Depreciation9.849.715.416.154.704.443.002.26
Interest4.695.334.143.061.232.781.281.26
Profit before tax39.7048.4549.5433.0630.7021.9022.3833.69
Tax10.7413.0711.696.568.535.355.568.74
Net profit28.9635.3837.8526.5022.1716.5516.8224.95
EPS (β‚Ή)0.640.900.960.670.560.370.380.56
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,7981,9132,0401,5481,355436230
Revenue growth-6.0%-6.2%+31.8%+14.3%+211.0%+89.5%-
EBITDA12512315212889.4232.7916.43
EBITDA margin+6.9%+6.4%+7.5%+8.3%+6.6%+7.5%+7.2%
Profit before tax11513215012382.3427.0313.65
Net profit88.2896.8511190.9361.0620.0710.09
Net profit margin+4.9%+5.1%+5.5%+5.9%+4.5%+4.6%+4.4%
EPS (β‚Ή)2.242.516.3610.699.0818.919.50
Balance sheet
Total assets1,5071,274796514294161120
Net worth1,3011,21877440719896.9161.23
Total debt20353.4820.0010594.3163.1158.16
Cash & bank41.8868.4811153.091.764.172.87
Net working capital97789062042821413397.10
Cash flow
Cash from operations(9.68)(215)(23.58)7.2417.09(4.96)(20.49)
Cash from investing(156)(210)(90.41)(23.10)(34.33)(7.57)(5.70)
Cash from financing13338417165.6817.0412.2026.56
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue534536500423371504466452
Revenue growth (YoY)+43.9%+6.4%+7.4%-6.4%-22.7%-2.2%--
Other income3.774.771.843.873.275.118.961.93
Total expenses490493461388341483449416
EBITDA43.2643.0839.3834.9429.4620.8417.4135.28
EBITDA margin+8.1%+8.0%+7.9%+8.3%+7.9%+4.1%+3.7%+7.8%
Depreciation4.124.083.663.723.523.452.842.26
Interest4.174.583.162.721.941.511.191.23
Profit before tax38.7439.1934.4032.3727.2720.9922.3433.72
Tax9.729.828.306.367.365.125.558.75

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue614722693471429544469452
Revenue growth (YoY)+43.0%+32.7%+47.6%+4.2%-10.5%+5.5%--
Other income3.464.771.353.651.985.758.841.93
EBITDA50.7758.7257.7438.6234.6523.3717.8235.28
EBITDA margin+8.3%+8.1%+8.3%+8.2%+8.1%+4.3%+3.8%+7.8%
Depreciation9.849.715.416.154.704.443.002.26
Interest4.695.334.143.061.232.781.281.26
Profit before tax39.7048.4549.5433.0630.7021.9022.3833.69
Tax10.7413.0711.696.568.535.355.568.74
Net profit28.9635.3837.8526.5022.1716.5516.8224.95
EPS (β‚Ή)0.640.900.960.670.560.370.380.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue2,1361,9162,0411,5501,355436
Revenue growth+11.5%-6.1%+31.7%+14.4%+211.0%-
Other income12.7222.458.154.943.794.61
Total expenses1,9821,7931,8881,4221,266403
Employee cost43.4426.6120.0518.3216.582.57
EBITDA15412315312889.4232.78
EBITDA margin+7.2%+6.4%+7.5%+8.3%+6.6%+7.5%
Depreciation20.709.275.564.263.151.71
Interest11.284.525.096.357.728.66
Profit before tax13513215012382.3427.02
Tax32.1232.7937.1932.4821.286.96
Net profit98.8696.8711290.9461.0620.06
Net profit margin+4.6%+5.1%+5.5%+5.9%+4.5%+4.6%
EPS (β‚Ή)2.512.516.3810.699.0818.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital39.3139.3135.4016.8713.4410.61
Reserves & surplus1,4471,01050639018470.68
Shareholders' funds (net worth)1,4871,21877540719896.91
Minority interest35.150.340.000.000.000.00
Secured loans24262.3616.7954.6391.3063.11
Unsecured loans2.0013.823.2152.143.010.00
Total debt24476.1820.0010794.3163.11
Total liabilities1,7691,297797516294161
Assets
Gross block63525914290.8072.8933.25
Net block50121811165.3648.5928.48
Capital work in progress15966.466.004.403.400.00
Investments22.6610.295.8016.1712.420.01
Inventories27121715016811953.09
Sundry debtors41428019314111095.11
Cash & bank balances44.5177.3010653.141.814.17
Loans & advances52639721011127.4327.18
Total current assets1,255971659473258180
Total current liabilities17640.5544.7743.6443.5846.22
Net working capital1,080931615430214133
Total assets1,7691,297797516294161
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash74.4310150.090.260.460.54
Net cash from operating activities(67.37)(246)(21.61)3.9717.09(4.96)
Net cash from investing activities(142)(188)(96.11)(19.93)(34.33)(7.57)
Net cash from financing activities17040716965.7917.0412.20
Net change in cash(39.68)(26.80)51.1449.83(0.20)(0.33)
Closing cash44.5177.3010653.141.814.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+11.5%-6.1%+31.7%+14.4%+211.0%-
EBITDA growth+25.6%-19.5%+19.0%+43.5%+172.8%-
PBT growth+2.7%-12.4%+22.5%+48.9%+204.7%+9997.0%
Net income growth+2.1%-13.2%+22.8%+48.9%+204.4%-
Revenue CAGR (3Y)+11.3%+12.2%+67.3%---
EBITDA CAGR (3Y)+6.4%+11.2%+67.0%---
Profitability & leverage
Net income margin+4.8%+5.2%+5.5%+5.8%+4.5%+4.6%
Return on capital employed+10.1%+13.0%+23.7%+31.9%+39.6%+22.1%
Return on net worth+8.0%+9.9%+19.1%+29.8%+41.5%+20.7%
Debt / equity0.120.050.110.330.530.65
Long-term debt / equity0.020.010.000.010.010.01
Interest cover8.433.983.465.128.9527.87
Efficiency & per share
Fixed asset turnover5.639.5617.5118.9425.5413.11
Inventory turnover8.7510.4212.8310.8015.738.21
Debtors turnover6.158.1112.2212.3613.244.58
EPS (β‚Ή)2.512.516.3810.699.0818.91
Dividend per share (β‚Ή)0.130.130.250.200.002.00
Book value per share (β‚Ή)34.4026.7030.5748.2729.4176.63
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue534536500423371504466452
Revenue growth (YoY)+43.9%+6.4%+7.4%-6.4%-22.7%-2.2%--
Other income3.774.771.843.873.275.118.961.93
Total expenses490493461388341483449416
EBITDA43.2643.0839.3834.9429.4620.8417.4135.28
EBITDA margin+8.1%+8.0%+7.9%+8.3%+7.9%+4.1%+3.7%+7.8%
Depreciation4.124.083.663.723.523.452.842.26
Interest4.174.583.162.721.941.511.191.23
Profit before tax38.7439.1934.4032.3727.2720.9922.3433.72
Tax9.729.828.306.367.365.125.558.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,7981,9132,0401,5481,355436230
Revenue growth-6.0%-6.2%+31.8%+14.3%+211.0%+89.5%-
Other income14.0922.568.074.943.794.612.75
Total expenses1,6741,7901,8881,4201,266403214
Employee cost35.5426.3020.0518.3216.582.572.67
EBITDA12512315212889.4232.7916.43
EBITDA margin+6.9%+6.4%+7.5%+8.3%+6.6%+7.5%+7.2%
Depreciation14.359.115.564.263.151.711.48
Interest9.394.415.096.357.728.664.05
Profit before tax11513215012382.3427.0313.65
Tax27.1432.7837.0432.4821.286.963.56
Net profit88.2896.8511190.9361.0620.0710.09
Net profit margin+4.9%+5.1%+5.5%+5.9%+4.5%+4.6%+4.4%
EPS (β‚Ή)2.242.516.3610.699.0818.919.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital39.3139.3135.4016.8713.4410.6110.61
Reserves & surplus1,2611,01073939018470.6850.62
Shareholders' funds (net worth)1,3011,21877440719896.9161.23
Secured loans20150.9716.7952.6694.0763.1158.16
Unsecured loans2.002.513.2152.400.240.000.00
Total debt20353.4820.0010594.3163.1158.16
Total liabilities1,5071,274796514294161120
Assets
Gross block27322913790.8072.8933.2526.74
Net block22118910665.3648.5928.4823.68
Capital work in progress15462.915.854.253.400.000.00
Investments62.4511.015.8516.2212.470.010.02
Inventories20919715016811953.0942.01
Sundry debtors27927719313911095.1150.72
Cash & bank balances41.8868.4811153.091.764.172.87
Loans & advances49738721011127.4327.1820.75
Total current assets1,028929665472258180116
Total current liabilities50.3339.5844.6843.5543.5846.2219.25
Net working capital97789062042821413397.10
Total assets1,5071,274796514294161120
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash65.6610750.030.210.410.540.18
Net cash from operating activities(9.68)(215)(23.58)7.2417.09(4.96)(20.49)
Net cash from investing activities(156)(210)(90.41)(23.10)(34.33)(7.57)(5.70)
Net cash from financing activities13338417165.6817.0412.2026.56
Net change in cash(32.27)(40.96)56.5849.83(0.20)(0.33)0.36
Closing cash41.8868.4811153.091.764.172.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-6.0%-6.2%+31.8%+14.3%+211.0%+89.5%-
EBITDA growth+1.7%-19.5%+18.7%+43.5%+172.7%+99.6%-
PBT growth-12.6%-12.1%+22.0%+48.9%+204.6%+98.0%-33.7%
Net income growth-8.9%-12.9%+22.3%+48.9%+204.2%+98.9%-
Revenue CAGR (3Y)+5.1%+12.2%+67.3%+88.8%+61.5%+36.9%+26.8%
EBITDA CAGR (3Y)-1.0%+11.1%+66.8%+98.4%+55.7%+30.6%+89.1%
Profitability & leverage
Net income margin+4.9%+5.2%+5.5%+5.8%+4.5%+4.6%+4.4%
Return on capital employed+9.0%+13.1%+23.6%+31.9%+39.6%+25.4%+17.6%
Return on net worth+7.0%+9.9%+19.1%+29.8%+41.5%+25.4%+19.1%
Debt / equity0.100.040.110.330.530.770.89
Long-term debt / equity0.000.000.000.010.010.010.00
Interest cover8.513.893.475.128.9527.8627.09
Efficiency & per share
Fixed asset turnover7.1710.4517.9318.9225.5414.539.62
Inventory turnover8.8511.0012.8210.7915.739.167.18
Debtors turnover6.478.1512.2912.4413.245.984.32
EPS (β‚Ή)2.242.516.3610.699.0818.919.50
Dividend per share (β‚Ή)0.130.130.250.200.002.000.00
Book value per share (β‚Ή)33.0926.6943.7448.2729.4176.6357.72

Investments & Acquisitions by JTL Industries

JTL Industries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nabha Steels and Metals.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Iron and steel products are manufactured in Fatehgarh Sahib.
Fatehgarh Sahib, India2020Apr 2024β€’β€’β€’β€’
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Timeline of JTL Industries

4 dated milestones of JTL Industries across 33 years, from founding to its latest funding, stage changes and deals.

  1. Founded JTL Industries is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Nabha Steels and Metals.
  4. Funding First funding round.

Web traffic of JTL Industries

The website of JTL Industries (jtl.one) receives about 4.5K visits a month.

  • Monthly visits
    4.5K

    ▲ 24.4% vs previous month

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Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as JTL Industries (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M43
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Jtl Industries

JTLIND: Q2 SL NET PROFIT 290M RUPEES VS 199M (YOY)
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JTLIND: Q2 REVENUE 5.33B RUPEES VS 3.7B (YOY)
Exchange Update β€’ 12 days ago
JTLIND: Q2 EBITDA 433M RUPEES VS 295M (YOY); Q2 EBITDA MARGIN 8.11% VS 7.94% (YOY)
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JTL Industries: Gets Approval From CPWD For Steel Pipes And Hollow Sections.
Exchange Update β€’ 1 month ago
JTL Industries Ltd: Gets Significant Order From Canada For 5000 MT Of Black Welded Hollow Sections, Boosting Business Growth.
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JTL Industries: Reports Record H1 Sales Volume of 2,20,806 MT With 21.2% Year-over-Year Increase
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Frequently Asked Questions about JTL Industries

JTL Industries was founded in 1991 and raised its 1st funding round 33 years after it was founded.

JTL Industries is headquartered in Chandigarh, India.

JTL Industries has 77 employees.

The primary company behind JTL Industries, Jtl Industries Limited, reported revenue of β‚Ή2,149 Cr for FY 2026, up 11% year on year.

JTL Industries Limited is established as one of the largest producers of Electric Resistance Welded (ERW) steel pipes and tubes in India, with a production capacity exceeding 6 lakh metric tonnes per annum. The company is involved in manufacturing galvanized steel tubes, heavy structural steel, and hollow sections. Its products are utilized across various industrial and construction sectors. With a vast distribution network spanning India and a global presence in over 20 countries across 5 continents, the company is supported by branch offices in key cities like Delhi, Mumbai, and Chandigarh. Advanced manufacturing facilities and a focus on environmental stewardship are maintained to ensure high-quality output.

JTL Industries offers JTL Galva Flow, JTL MS Structura, and JTL Jal Jaan.

Yes, JTL Industries is publicly traded on NSE under the ticker symbol JTLIND.

JTL Industries has made 1 acquisition, including Nabha Steels and Metals.

JTL Industries operates through Jtl Industries Limited.

The legal entities of JTL Industries currently have 12 directors, including Madan Mohan, Rakesh Garg, Sukhdev Raj Sharma and others.

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