JTL Industries Limited (JTLIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-121.7%

-₹16.10

vs ₹74.23 price

Levered DCF

-₹40.51

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	42.5×	30.21×	30.33×	29.84×	29.61×	80.42×	152.8×	104.66×
P/B	2.82×	2.45×	4.43×	6.63×	9.15×	16.73×	25.35×	34.66×
P/S	1.96×	1.56×	1.68×	1.74×	1.34×	3.74×	6.75×	4.75×
EV / EBITDA	26.24×	20.52×	20.99×	20.91×	20.66×	46.94×	85.27×	65.1×
Gross margin	11.7%	10.3%	11.9%	10.6%	9.0%	9.3%	11.0%	11.5%
Operating margin	6.3%	5.9%	10.8%	8.1%	6.4%	7.2%	6.5%	7.1%
Net margin	4.6%	5.2%	5.5%	5.8%	4.5%	4.6%	4.4%	4.5%
Current ratio	3.22×	9.47×	10.18×	3.35×	2.02×	1.82×	1.49×	1.45×
Debt / equity	0.16×	0.06×	0.03×	0.26×	0.48×	0.65×	0.95×	0.8×
Interest coverage	11.91×	25.13×	43.28×	19.71×	11.35×	3.74×	3.97×	9.32×
Dividend yield	0.1%	0.2%	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%
Payout ratio	2.5%	4.8%	1.5%	0.0%	3.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.6%	8.1%	14.6%	22.1%	30.9%	20.7%	16.5%	32.9%
Return on invested capital	5.6%	6.6%	20.8%	17.7%	21.6%	14.1%	9.1%	19.6%
Return on assets	4.9%	7.4%	13.4%	16.0%	18.0%	9.6%	7.2%	13.4%
Free cash flow yield	-5.1%	-13.9%	-3.7%	-0.6%	-0.2%	-0.7%	-1.7%	-1.1%
Earnings yield	2.4%	3.3%	3.3%	3.3%	3.4%	1.2%	0.6%	0.9%
Enterprise value	₹43.8B	₹29.8B	₹33.5B	₹27.5B	₹19B	₹16.8B	₹16.1B	₹15.6B
Net debt / EBITDA	1.19×	-0.01×	-0.51×	0.43×	1.02×	1.75×	3.05×	1.46×
Cash conversion cycle (days)	127	112	60	70	57	98	136	84