Steel Tube Company Broadens SKU Range, Launches Non-Ferrous Ultra-Thin Brass Foil (0.04–0.1 mm) Targeting Defence and Industrial Markets with Successful First Batch Production
The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 3,000 per cent in a decade.
JTL Industries Limited, a prominent steel tube manufacturing company, has announced a significant expansion of its product portfolio with the successful production of its inaugural batch of 0.04 mm ultra-thin brass foil. This strategic move, achieved through a job-work partnership, marks JTL's entry into a highly specialized market. The brass foil, known for its low friction and corrosion-resistant qualities, is specifically targeting critical applications within the defence and industrial sectors. This new offering, ranging from 0.04 mm to 0.1 mm in thickness, is ideal for precision applications requiring lightweight, high-precision, and corrosion-resistant materials, demonstrating JTL's commitment to innovation and market responsiveness.
The versatile applications of this ultra-thin brass foil span across various high-demand sectors. In defence, it is crucial for EMI/RFI shielding of military electronics, components in ammunition like primers and casings, and electrical grounding in defence electronic assemblies. It also serves for protective wrapping and lining in sensitive components, and as part of thermal and electromagnetic control in sensors and detection devices. Beyond defence, it is utilized for seals, gaskets, and shims in engines and mechanical systems, and for thermal control in aerospace applications such as satellites and aircraft. JTL's entry into this niche market, characterized by limited competition, underscores its capability to compete in specialized, high-value segments driven by quality and precision engineering.
This new venture aligns with JTL's broader strategy to significantly expand its value-added product (VAP) portfolio. Currently, VAPs contribute approximately 24% to the sales mix, and the Company aims to increase this to over 50% through innovations like brass foil and the recent adoption of Direct Forming Technology (DFT). Leveraging its extensive pan-India distribution network of over 1,000 distributors and retailers, and a diverse SKU base exceeding 1,500, JTL is well-positioned to scale in high-margin, high-specification markets such as brass foil. This strategic expansion reinforces JTL's commitment to innovation-led growth and long-term value creation in both domestic and international markets, with exports currently reaching over 20 countries across five continents.
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About the Company
JTL Industries Limited is among the fastest-growing steel tube manufacturers, with its registered office situated in Chandigarh. The company operates manufacturing facilities in Punjab, Maharashtra, and Chhattisgarh. Its cumulative capacity for pipe manufacturing is approximately 9,36,000 MTPA, with around 300,000 MTPA dedicated to backwards integration. The company is a recognised Star Export House, and its product range includes GI Pipes, MS Black Pipes, Hollow Sections and Solar Structures, among others, catering to various industrial and infrastructural applications. All products are available in hot dip galvanised, pre-galvanised, and uncoated (MS black) grades.
Talking about the financials, the company has a market cap of Rs 2,700 crore. According to Quarterly Results, the company reported net sales of Rs 451.43 crore and a net profit of Rs 24.94 crore in Q3FY25 while in Q3FY24, the company reported net sales of Rs 567.39 crore and a net profit of Rs 30.18 crore. Looking at the nine-month results, the company reported net sales of Rs 1,446.36 crore and a net profit of Rs 82 crore in 9MFY25 while in 9MFY24, the company reported net sales of Rs 1,574.29 crore and a net profit of Rs 83.47 crore. In its annual results, the company reported net sales of Rs 2,040.43 crore and a net profit of Rs 113.01 crore in FY24.
The stock’s 52-week high is Rs 123.50 per share while its 52-week low is Rs 59.70 per share. The stock gave multibagger returns of 2,000 per cent in 5 years and a whopping 3,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.