Buy JTL Industries, target price Rs 237: Axis Securities

Axis Securities has buy call on JTL Industries with a target price of Rs 237. The current market price of JTL Industries Ltd. is Rs 220.35.

JTL Industries Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 3811.80 Crore) operating in Metals - Ferrous sector.

JTL Industries Ltd. key Products/Revenue Segments include Stainless Steel Tubes & Pipes for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 519.56 Crore, up 10.57 % from last quarter Total Income of Rs 469.87 Crore and up 2.77 % from last year same quarter Total Income of Rs 505.57 Crore. Company reported net profit after tax of Rs 30.70 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.24 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.82 per cent, DIIs 0.3 per cent.