About JTL Defence Limited
Data last updated:
JTL Defence Limited is a public limited company based in Nalagarh, Himachal Pradesh, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 07 January 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L24320HP1992PLC013112. Its GSTIN is 02AAACR5727Q2Z3 (Himachal Pradesh). The company holds 7 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 537254.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹10.53 Cr. It was formerly known as RCI Industries and Technologies Limited. It is led by directors including Pranav Singla (Managing Director) and Dhruv Singla (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Nalagarh, Himachal Pradesh.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹19.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28 Lakh (net margin 1.5%) and EBITDA of ₹4.22 Cr (EBITDA margin 21.9%). The net worth stands at ₹196.21 Cr (up 227.1% YoY). Total assets are valued at ₹256.03 Cr (up 211.9% YoY).
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: RCI India and JTL Defence. As per MCA filings, the company has open charges of ₹30.18 Cr and satisfied charges of ₹327.25 Cr on record. Court records list 112 cases involving the company, including 63 filed by the company and 50 filed against it; 28 cases are pending. The company has 30 deals on record (29 market trades, 1 ipo); the latest was in November 2025. Its 3 peer companies in the Metals and Minerals industry (Cables and Wires, Metals), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Erman Metals Private Limited with revenue of ₹60.46 Cr. The company has 5 MSME Form 1 returns on record between 2018 and 2022, listing 45 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jtldefence.com.
Company details
CIN history
JTL Defence has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24320HP1992PLC013112, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24320HP1992PLC013112 | Current |
| U99999DL1992PLC047055 | Previous |
| U74900DL1992PLC047055 | Previous |
| L74900DL1992PLC047055 | Previous |
| L24320DL1992PLC047055 | Previous |
Contact details
JTL Defence Limited's registered office is in Nalagarh, Himachal Pradesh.
- Social Media
- Registered AddressPlot No 84 – 85 Hpsidc, Industrial Area Baddi, Nalagarh, Himachal Pradesh, India – 173205
- IndustryManufacturing, Cable & Wire
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
JTL Defence operates two associated brands: RCI India and JTL Defence. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wires, lights, and related products are manufactured by RCI. | rciind.com | |
| Manufacturer of copper and copper-alloy wires, strips and foils for industrial applications. | jtldefence.com |
Business activity
The main business activity of JTL Defence is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of JTL Defence Limited, buy the company report.
Financials of JTL Defence Limited
FY 2025-26 filings availableJTL Defence Limited reported revenue of ₹19.29 Cr (up 1868.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 19.29 | 0.98 | 2.30 | 23.02 | 59.68 | 70.80 | 457 |
| Revenue growth | +1868.4% | -57.4% | -90.0% | -61.4% | -15.7% | -84.5% | - |
| EBITDA | 4.22 | (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 tax | 0.06 | (6.37) | (9.80) | (14.22) | (71.90) | (159) | (167) |
| Net profit | 0.28 | (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 assets | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 348 |
| Net worth | 196 | (154) | (148) | (139) | (122) | (50.16) | 109 |
| Total debt | 59.82 | 236 | 236 | 236 | 234 | 233 | 238 |
| Cash & bank | 1.46 | 1.22 | 9.86 | 4.23 | 2.14 | 2.56 | 2.54 |
| Net working capital | 47.83 | 18.75 | 19.70 | 21.15 | 27.49 | 83.92 | 224 |
| Cash flow | |||||||
| Cash from operations | (15.48) | (8.40) | 4.81 | 1.21 | (1.16) | 1.06 | 25.59 |
| Cash from investing | (7.86) | 0.20 | 0.82 | (0.07) | 0.58 | 3.40 | 8.35 |
| Cash from financing | 23.39 | 0.00 | 0.00 | 0.67 | 0.17 | (4.94) | (34.19) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.71 | 21.24 | 15.24 | 0.47 | 3.58 | 0.00 | 0.15 | 0.47 |
| Revenue growth (YoY) | +450.6% | - | - | 0.0% | +1456.5% | -100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.06 | 1.67 | 0.01 | 0.01 | 0.00 |
| EBITDA | 2.25 | 2.46 | 3.69 | 1.20 | 1.12 | (1.79) | (0.68) | (0.06) |
| EBITDA margin | +11.4% | +11.6% | +24.2% | +255.3% | +31.3% | - | -453.3% | -12.8% |
| Depreciation | 4.03 | 3.98 | 1.30 | 1.17 | 1.19 | 1.15 | 1.35 | 1.35 |
| Interest | 0.80 | 0.91 | 0.99 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.58) | (2.43) | 1.40 | 0.00 | 1.60 | (2.93) | (2.02) | (1.41) |
| Tax | 0.05 | 0.25 | (0.29) | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| 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) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 19.29 | 0.98 | 2.30 | 23.02 | 59.68 | 68.80 | 389 |
| Revenue growth | +1868.4% | -57.4% | -90.0% | -61.4% | -13.3% | -82.3% | - |
| EBITDA | 4.22 | (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 tax | 0.06 | (6.37) | (9.80) | (14.22) | (72.34) | (92.26) | (143) |
| Net profit | 0.28 | (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 assets | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 280 |
| Net worth | 196 | (154) | (148) | (139) | (122) | (49.64) | 40.80 |
| Total debt | 59.82 | 236 | 236 | 236 | 234 | 233 | 238 |
| Cash & bank | 1.46 | 1.22 | 9.86 | 4.23 | 1.78 | 2.20 | 2.12 |
| Net working capital | 47.83 | 18.75 | 19.70 | 21.15 | 26.89 | 80.02 | 157 |
| Cash flow | |||||||
| Cash from operations | (15.48) | (8.40) | 4.81 | 0.97 | (1.16) | 4.08 | 25.55 |
| Cash from investing | (7.86) | 0.20 | 0.82 | 0.53 | 0.58 | 0.43 | 8.66 |
| Cash from financing | 23.39 | 0.00 | 0.00 | 0.67 | 0.17 | (4.93) | (34.16) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.71 | 21.24 | 15.24 | 0.47 | 3.58 | 0.00 | 0.15 | 0.47 |
| Revenue growth (YoY) | +450.6% | - | - | 0.0% | +1456.5% | -100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.06 | 1.67 | 0.01 | 0.01 | 0.00 |
| Total expenses | 17.46 | 18.78 | 11.55 | (0.73) | 2.46 | 1.79 | 0.83 | 0.53 |
| EBITDA | 2.25 | 2.46 | 3.69 | 1.20 | 1.12 | (1.79) | (0.68) | (0.06) |
| EBITDA margin | +11.4% | +11.6% | +24.2% | +255.3% | +31.3% | - | -453.3% | -12.8% |
| Depreciation | 4.03 | 3.98 | 1.30 | 1.17 | 1.19 | 1.15 | 1.35 | 1.35 |
| Interest | 0.80 | 0.91 | 0.99 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.58) | (2.43) | 1.40 | 0.00 | 1.60 | (2.93) | (2.02) | (1.41) |
| Tax | 0.05 | 0.25 | (0.29) | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.71 | 21.24 | 15.24 | 0.47 | 3.58 | 0.00 | 0.15 | 0.47 |
| Revenue growth (YoY) | +450.6% | - | - | 0.0% | +1456.5% | -100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.06 | 1.67 | 0.01 | 0.01 | 0.00 |
| EBITDA | 2.25 | 2.46 | 3.69 | 1.20 | 1.12 | (1.79) | (0.68) | (0.06) |
| EBITDA margin | +11.4% | +11.6% | +24.2% | +255.3% | +31.3% | - | -453.3% | -12.8% |
| Depreciation | 4.03 | 3.98 | 1.30 | 1.17 | 1.19 | 1.15 | 1.35 | 1.35 |
| Interest | 0.80 | 0.91 | 0.99 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.58) | (2.43) | 1.40 | 0.00 | 1.60 | (2.93) | (2.02) | (1.41) |
| Tax | 0.05 | 0.25 | (0.29) | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| 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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 19.29 | 0.98 | 2.30 | 23.02 | 59.68 | 70.80 | 457 |
| Revenue growth | +1868.4% | -57.4% | -90.0% | -61.4% | -15.7% | -84.5% | - |
| Other income | 1.73 | 0.20 | 0.82 | 0.11 | 0.23 | 0.76 | 17.27 |
| Total expenses | 15.07 | 2.14 | 4.56 | 29.94 | 120 | 217 | 612 |
| Employee cost | 0.76 | 0.18 | 1.79 | 3.31 | 4.20 | 5.48 | 9.80 |
| EBITDA | 4.22 | (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% |
| Depreciation | 4.81 | 5.41 | 8.36 | 5.77 | 11.28 | 12.59 | 13.37 |
| Interest | 1.08 | 0.00 | 0.00 | 1.64 | 0.60 | 0.20 | 15.90 |
| Profit before tax | 0.06 | (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 profit | 0.28 | (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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.53 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 |
| Reserves & surplus | 186 | (170) | (164) | (154) | (137) | (65.84) | 92.94 |
| Shareholders' funds (net worth) | 196 | (154) | (148) | (139) | (122) | (50.16) | 109 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 30.00 | 217 | 217 | 217 | 216 | 216 | 224 |
| Unsecured loans | 29.82 | 18.52 | 18.52 | 18.52 | 17.22 | 17.10 | 14.45 |
| Total debt | 59.82 | 236 | 236 | 236 | 234 | 233 | 238 |
| Total liabilities | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 348 |
| Assets | |||||||
| Gross block | 313 | 114 | 114 | 114 | 114 | 112 | 126 |
| Net block | 236 | 42.14 | 47.55 | 55.92 | 61.70 | 71.25 | 90.13 |
| Capital work in progress | 4.40 | 6.27 | 6.27 | 6.27 | 6.27 | 8.42 | 9.47 |
| Investments | 12.47 | 12.47 | 12.47 | 12.47 | 11.86 | 11.86 | 11.86 |
| Inventories | 33.65 | 0.41 | 0.41 | 0.74 | 7.93 | 32.03 | 49.41 |
| Sundry debtors | 20.27 | 11.19 | 11.61 | 11.84 | 10.81 | 47.38 | 241 |
| Cash & bank balances | 1.46 | 1.22 | 9.86 | 4.23 | 2.14 | 2.56 | 2.54 |
| Loans & advances | 18.21 | 13.98 | 13.84 | 13.66 | 12.40 | 13.51 | 25.33 |
| Total current assets | 73.59 | 26.80 | 35.72 | 30.47 | 33.28 | 95.48 | 318 |
| Total current liabilities | 25.76 | 8.05 | 16.02 | 9.32 | 5.79 | 11.56 | 93.52 |
| Net working capital | 47.83 | 18.75 | 19.70 | 21.15 | 27.49 | 83.92 | 224 |
| Total assets | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 348 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.14 | 8.34 | 2.71 | 0.90 | 1.32 | 1.80 | 2.05 |
| Net cash from operating activities | (15.48) | (8.40) | 4.81 | 1.21 | (1.16) | 1.06 | 25.59 |
| Net cash from investing activities | (7.86) | 0.20 | 0.82 | (0.07) | 0.58 | 3.40 | 8.35 |
| Net cash from financing activities | 23.39 | 0.00 | 0.00 | 0.67 | 0.17 | (4.94) | (34.19) |
| Net change in cash | 0.05 | (8.20) | 5.63 | 1.81 | (0.42) | (0.48) | (0.25) |
| Closing cash | 1.46 | 1.22 | 9.86 | 4.23 | 2.14 | 2.56 | 2.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.06 | 1.02 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.41 | 0.12 |
| Interest cover | -183.05 | 0.00 | 0.00 | -12.92 | -0.84 | -0.13 | -9.44 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.14 | 0.01 | 0.02 | 0.20 | 0.53 | 0.59 | 3.69 |
| Inventory turnover | 1.13 | 2.39 | 4.00 | 5.31 | 2.99 | 1.74 | 5.44 |
| Debtors turnover | 1.23 | 0.09 | 0.20 | 2.03 | 2.05 | 0.49 | 1.80 |
| EPS (₹) | 0.25 | (4.11) | (5.88) | (10.97) | (45.71) | (100.12) | (106.12) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 51.89 | (98.49) | (94.39) | (88.50) | (77.53) | (32.00) | 69.29 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.71 | 21.24 | 15.24 | 0.47 | 3.58 | 0.00 | 0.15 | 0.47 |
| Revenue growth (YoY) | +450.6% | - | - | 0.0% | +1456.5% | -100.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.06 | 1.67 | 0.01 | 0.01 | 0.00 |
| Total expenses | 17.46 | 18.78 | 11.55 | (0.73) | 2.46 | 1.79 | 0.83 | 0.53 |
| EBITDA | 2.25 | 2.46 | 3.69 | 1.20 | 1.12 | (1.79) | (0.68) | (0.06) |
| EBITDA margin | +11.4% | +11.6% | +24.2% | +255.3% | +31.3% | - | -453.3% | -12.8% |
| Depreciation | 4.03 | 3.98 | 1.30 | 1.17 | 1.19 | 1.15 | 1.35 | 1.35 |
| Interest | 0.80 | 0.91 | 0.99 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.58) | (2.43) | 1.40 | 0.00 | 1.60 | (2.93) | (2.02) | (1.41) |
| Tax | 0.05 | 0.25 | (0.29) | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 19.29 | 0.98 | 2.30 | 23.02 | 59.68 | 68.80 | 389 |
| Revenue growth | +1868.4% | -57.4% | -90.0% | -61.4% | -13.3% | -82.3% | - |
| Other income | 1.73 | 0.20 | 0.82 | 0.11 | 0.23 | 0.64 | 17.08 |
| Total expenses | 15.07 | 2.14 | 4.56 | 29.94 | 120 | 149 | 520 |
| Employee cost | 0.76 | 0.18 | 1.79 | 3.31 | 4.20 | 5.42 | 9.48 |
| EBITDA | 4.22 | (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% |
| Depreciation | 4.81 | 5.41 | 8.36 | 5.77 | 11.28 | 12.47 | 13.23 |
| Interest | 1.08 | 0.00 | 0.00 | 1.64 | 0.60 | 0.18 | 15.87 |
| Profit before tax | 0.06 | (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 profit | 0.28 | (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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.53 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 |
| Reserves & surplus | 186 | (170) | (164) | (154) | (137) | (65.32) | 25.12 |
| Shareholders' funds (net worth) | 196 | (154) | (148) | (139) | (122) | (49.64) | 40.80 |
| Secured loans | 30.00 | 217 | 217 | 217 | 216 | 216 | 224 |
| Unsecured loans | 29.82 | 18.52 | 18.52 | 18.52 | 17.22 | 17.10 | 14.45 |
| Total debt | 59.82 | 236 | 236 | 236 | 234 | 233 | 238 |
| Total liabilities | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 280 |
| Assets | |||||||
| Gross block | 313 | 114 | 114 | 114 | 114 | 112 | 120 |
| Net block | 236 | 42.14 | 47.55 | 55.92 | 61.70 | 71.25 | 85.31 |
| Capital work in progress | 4.40 | 6.27 | 6.27 | 6.27 | 6.27 | 8.42 | 9.47 |
| Investments | 12.47 | 12.47 | 12.47 | 12.47 | 12.47 | 16.52 | 16.52 |
| Inventories | 33.65 | 0.41 | 0.41 | 0.74 | 7.93 | 32.03 | 49.41 |
| Sundry debtors | 20.27 | 11.19 | 11.61 | 11.84 | 10.81 | 43.79 | 169 |
| Cash & bank balances | 1.46 | 1.22 | 9.86 | 4.23 | 1.78 | 2.20 | 2.12 |
| Loans & advances | 18.21 | 13.98 | 13.84 | 13.66 | 12.16 | 13.51 | 25.08 |
| Total current assets | 73.59 | 26.80 | 35.72 | 30.47 | 32.68 | 91.53 | 245 |
| Total current liabilities | 25.76 | 8.05 | 16.02 | 9.32 | 5.79 | 11.51 | 88.50 |
| Net working capital | 47.83 | 18.75 | 19.70 | 21.15 | 26.89 | 80.02 | 157 |
| Total assets | 256 | 82.08 | 88.52 | 97.75 | 113 | 184 | 280 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.14 | 8.34 | 2.71 | 0.54 | 0.96 | 1.38 | 1.32 |
| Net cash from operating activities | (15.48) | (8.40) | 4.81 | 0.97 | (1.16) | 4.08 | 25.55 |
| Net cash from investing activities | (7.86) | 0.20 | 0.82 | 0.53 | 0.58 | 0.43 | 8.66 |
| Net cash from financing activities | 23.39 | 0.00 | 0.00 | 0.67 | 0.17 | (4.93) | (34.16) |
| Net change in cash | 0.05 | (8.20) | 5.63 | 2.17 | (0.42) | (0.42) | 0.06 |
| Closing cash | 1.46 | 1.22 | 9.86 | 4.23 | 1.78 | 2.20 | 2.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.72 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 |
| Interest cover | -183.05 | 0.00 | 0.00 | -12.92 | -0.83 | -0.19 | -10.99 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.14 | 0.01 | 0.02 | 0.20 | 0.53 | 0.59 | 3.29 |
| Inventory turnover | 1.13 | 2.39 | 4.00 | 5.31 | 2.99 | 1.69 | 4.63 |
| Debtors turnover | 1.23 | 0.09 | 0.20 | 2.03 | 2.19 | 0.65 | 2.05 |
| EPS (₹) | 0.25 | (4.11) | (5.88) | (10.97) | (45.99) | (57.76) | (90.89) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 51.89 | (98.49) | (94.39) | (88.50) | (77.53) | (31.67) | 26.02 |
To see the full year-wise statements and ratios of JTL Defence Limited, buy the company report.
Board of directors of JTL Defence Limited
JTL Defence has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatagowri Sankara Jayaram Pyla Also directs: Tetra Soft Global India LLP, Netra Smart Tech Solutions LLP, Nextstrat Techvision LLP and 4 more | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Dhruv Singla | Whole-Time Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Satinder Singh | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Neerja Chathley Also directs: Ind Swift Laboratories Limited | Director | 06 Jan 2026 | 0 Years 9 Months | Current |
| Pranav Singla | Managing Director | 28 Oct 2025 | 1 Years 0 Months | Current |
| Deevesh Bhojia Also directs: Bhojia Cement Services Pvt Ltd | Whole-Time Director | 29 Aug 2026 | 0 Years 2 Months | Current |
Peer comparison
JTL Defence Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Cables and Wires, Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Erman Metals Private Limited | ₹60.46 Cr (FY 2017) | Thane, Maharashtra, India | ||||
| Imco Alloys Private Limited | ₹59.98 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Vipul Copper Private Limited | ₹59.36 Cr (FY 2025) | -3.0% | Ahmedabad, Gujarat, India | |||
| JTL Defence Limitedthis company | ₹19.29 Cr (FY 2026) | ₹28 Lakh | 1.5% | 1868.4% | Nalagarh, Himachal Pradesh, India |
To see the full peer comparison of JTL Defence Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2026 | 101370380 | Hdfc Bank Limited | ₹18 Lakh | Open | |
| 12 Dec 2025 | 101199201 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 26 Aug 2019 | 100283150 | Others | ₹3.02 Cr | Satisfied | |
| 10 Jul 2019 | 100294188 | Others | ₹3.63 Cr | Satisfied | |
| 26 Apr 2019 | 100263356 | Others | ₹5 Cr | Satisfied |
To see the full charge records of JTL Defence Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
JTL Defence Limited has 30 deals on record (29 market trades, 1 ipo); the latest was in November 2025.
Deals on record (5 of 30)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Market trade | ₹10.1 Lakh | Seller: Bon-Lon Securities Limited |
| Aug 2025 | Market trade | ₹8 Lakh | Seller: Bon-Lon Securities Limited |
| Aug 2025 | Market trade | ₹5.8 Lakh | Seller: Bon-Lon Securities Limited |
| Apr 2025 | Market trade | ₹4.6 Lakh | Seller: Bon-Lon Securities Limited |
| Feb 2023 | Market trade | ₹28.6 Lakh | Buyer: Bon-Lon Securities Limited Seller: Bon Lon Private Limited |
To see the full deal history of JTL Defence Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
JTL Defence Limited has 112 court cases on record: 63 filed by JTL Defence, 50 filed against it. 28 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 33 | 24 |
| High courts | 38 | 11 | 3 |
| NCLAT | 6 | 3 | 1 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 112)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by Hartek Power P Ltd | Pending |
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by Hero Fincorp Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against M/S Voltamp Transformers Limited & Ors. | Pending |
To see the full case history of JTL Defence Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
JTL Defence Limited was last rated by Indiarating on 10 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 10 Feb 2023 |
To see the full credit ratings and regulatory alerts of JTL Defence Limited, buy the company report.
MSME payment delays
JTL Defence Limited has 5 MSME Form 1 returns on record between 2018 and 2022, listing 45 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Himalaya Gases | |||
| Super Thermo Sensors Private Limited | |||
| Swastik Wire Products (Copper) | |||
| India Trade Link Private Limited |
To see the full MSME payment records of JTL Defence Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
JTL Defence has 7 GST registrations: 2 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACR5727Q2Z3 | Himachal Pradesh | Active | 31 Oct 2017 |
| 02AAACR5727Q3Z2 | Himachal Pradesh | Active | 25 Nov 2022 |
To see the full GST registrations and return filing status of JTL Defence Limited, buy the company report.
Recent activity
JTL Defence Limited has 30 board changes on record since 1992: 18 appointments and 12 cessations. The latest: Deevesh Bhojia was appointed as Whole-Time Director on 29 Aug 2026.
52 earlier events are in the company report.
News
Frequently asked questions
JTL Defence is an active public limited company based in Nalagarh, Himachal Pradesh, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 07 January 1992 (34+ years old) and is registered under CIN L24320HP1992PLC013112. Listed on BSE: 537254.
JTL Defence reported revenue of ₹19.29 Cr for FY 2025-26 (up 1868.4% YoY) based on consolidated financials.
JTL Defence has 6 current directors:
- Pranav Singla - Managing Director
- Dhruv Singla - Whole-Time Director
- Deevesh Bhojia - Whole-Time Director
- Venkatagowri Sankara Jayaram Pyla - Director
- Satinder Singh - Director
- Neerja Chathley - Director
The latest financial statements of JTL Defence on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of JTL Defence is 02AAACR5727Q2Z3, registered in Himachal Pradesh. The company has 7 GST registrations in all, of which 2 are active and 5 are cancelled or inactive. Other active GSTINs include 02AAACR5727Q3Z2 (Himachal Pradesh).
The CIN (Corporate Identification Number) of JTL Defence is L24320HP1992PLC013112. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. JTL Defence is a listed company as per MCA records. Its shares are listed on BSE (code: 537254).
JTL Defence has 112 court cases on record: 63 filed by the company and 50 filed against it. 28 are pending. Most are in the district courts.
JTL Defence was incorporated on 07 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
JTL Defence has 30 deals on record (29 market trades, 1 ipo); the latest was in November 2025.
The peers of JTL Defence by revenue are Erman Metals Private Limited, Imco Alloys Private Limited, Vipul Copper Private Limited, all in the Metals and Minerals industry (Cables and Wires, Metals), with the same principal business activity (metal and metal products).
Deevesh Bhojia was appointed as Whole-Time Director on 29 Aug 2026. Dhruv Singla was appointed as Whole-Time Director on 06 Jan 2026. Madan Mohan ceased to be Whole-Time Director on 06 Jan 2026. JTL Defence has 30 board changes on record in total.
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