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JTL Defence Ltd (537254)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537254 NSE: Metal - Non Ferrous | Small Cap | JTL Defence Share Price

₹495.80 -0.50 (-0.10%)

As on 08-Nov'26 16:59

JTL Defence Ltd (537254)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537254 NSE: Metal - Non Ferrous | Small Cap | JTL Defence Share Price

₹495.80 -0.50 (-0.10%)

As on 08-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹522 Cr.
Current Price
₹495.8
52-Week Low / High
₹7 / 924
TTM EPS
₹-3.5
TTM Sales
₹56.7 Cr.
Book Value per Share
₹46.9
P/E Ratio
0.00
Industry PE
14.6
Price to Book (P/B)
10.59
Higher than its 5-year historical median
Price to Sales (P/S)
9.22
Higher than its 5-year historical median
EV/EBITDA
60.08
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
1.16%
Underperforms industry median
Return on Assets (ROA)
0.13%
Underperforms industry median
Operating Profit Margin
21.9%
Outperforms industry median
Net Profit Margin
1.39%
Underperforms industry median
Gross Profit Margin
25.2%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1868.37%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
95.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹39 Cr.
Equity
₹10.5 Cr.
Face Value
₹10
All Time Low / High
₹2.86 / 924.00

JTL Defence stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is JTL Defence Ltd a good quality company?
JTL Defence Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does JTL Defence Ltd performance compare with that of its Peers?
Q.1 Revenue growth of JTL Defence Ltd vs industry peers?
JTL Defence Ltd revenue CAGR is -22.90%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of JTL Defence Ltd?
Promoters hold 95.00% of the JTL Defence Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of JTL Defence Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.8% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
JTL Defence Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ11.5%15.4%16.3%-41.8%-39.8%-48.6%-12.1%-10.6%-7.5%1.2%-
Value Creation
Index ⓘ
-0.20.10.2-4.0NANANANANA-0.9-

Growth Parameters ⓘ

Sales ⓘ1,3841,6161,63738968.859.7232.3119.357
Sales YoY Gr.-16.8%1.3%-76.3%-82.3%-13.3%-61.4%-90%-57.4%1,868.4%-
Adj EPS ⓘ6.810.214.2-83.9-57-44.2-11-5.9-4.10.3-3.5
YoY Gr.-51%39.3%-689.1%NANANANANANA-
BVPS (₹) ⓘ76.7124.3136.326-31.7-77.5-88.5-94.4-98.551.948.2
Adj Net
Profit ⓘ
9.113.719.1-132-89.4-69.3-17.2-9.2-6.40.3-4
Cash Flow from Ops. ⓘ15.1-5.143.525.64.1-1.214.8-8.4-15.5-
Debt/CF from Ops. ⓘ10-23.73.49.357.1-200.5242.649.1-28.1-3.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-37.8%-22.5%-5.7%1868.4%
Adj EPS ⓘ-30.7%NANANA
BVPSⓘ-4.3%NANANA
Share Price 12.3% 119% 409.9% 6844%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
12.110.210.9-117.42019.280.913.26.44.31.3-6.9
Op. Profit
Mgn % ⓘ
1.92.63.7-24.2-114.1-94.9-30.1-98.5-117.921.917
Net Profit
Mgn % ⓘ
0.70.91.2-33.8-129.9-116.1-74.7-401.8-657.31.4-6.4
Debt to
Equity ⓘ
1.50.70.85.8-4.7-1.9-1.7-1.6-1.51.10.2
Working Cap
Days ⓘ
7573813019344035164,73710,973995199
Cash Conv.
Cycle ⓘ
3844582176552822041,8444,20335787

Valuation of JTL Defence - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,7352,0331,9984577160232119
Operating Expenses ⓘ + 1,6821,9751,922575217120305215
Manufacturing Costs77129532114
Material Costs1,6571,9531,885506787121108
Employee Cost 591210543201
Other Costs ⓘ 1371350129413112
Operating Profit ⓘ 525876-118-147-60-7-2-14
Operating Profit Margin (%) 3.0%2.8%3.8%-25.8%-207.0%-100.0%-30.1%-98.5%-117.0%21.9%
Other Income ⓘ + 37617100102
Exceptional Items ⓘ 000-37000000
Interest ⓘ 13192416012001
Depreciation ⓘ 25121313116855
Profit Before Tax ⓘ 394046-167-159-72-14-10-60
Tax ⓘ 389-1-2-03-10-0
Profit After Tax 363337-166-157-72-17-9-60
PAT Margin (%) 2.1%1.6%1.8%-36.4%-221.0%-120.0%-74.7%-401.0%-657.0%1.4%
Adjusted EPS (₹)26.724.427.3-106.0-100.0-45.7-10.9-5.9-4.10.3
Dividend Payout Ratio (%)0%4.10%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 147229269109-50-122-139-148-154196
Share Capital ⓘ 13.4413.4413.4415.6815.6815.6815.6815.6815.6810.53
Reserves ⓘ 13421625593-66-137-154-164-170186
Debt +15112114823823323423623623660
Long Term Debt305377171719191960
Short Term Debt1211151112312162162172172170
Minority Interest0000000000
Trade Payables151125147689444425
Others Liabilities ⓘ 5819302722814649
Total Liabilities ⓘ 50749459344219511710910691330

Fixed Assets

Net Fixed Assets ⓘ +245797907162564842236
Gross Block3169121126112114114114114313
Accumulated Depreciation7122436415258667277
CWIP ⓘ 1610109866664
Investments ⓘ 00312121212121212
Inventories721001184932810034
Trade Receivables263255267241471112121120
Cash Equivalents 52171333241011
Others Assets ⓘ 80548438211717181822
Total Assets ⓘ 50749459344219511710910691330
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 14-445261-115-8-15
PBT ⓘ 394046-167-159-72-14-10-60
Adjustment ⓘ 13213862130487856
Changes in Working Capital ⓘ -37-63-37130302387-7-21
Tax Paid ⓘ -2-3-10-0-00000
Cash Flow From Investing Activity ⓘ + -566-49831-010-8
Capex -37-33-51-540000-8
Net Investments -1037113-10-1000
Others ⓘ -8211001100
Cash Flow From Financing Activity ⓘ + 4003-34-5010023
Net Proceeds from Shares ⓘ 490000000010
Net Proceeds from Borrowing ⓘ 00000010060
Interest Paid ⓘ -13-19-24-16-0-0-200-1
Dividend Paid ⓘ 0-100000000
Others ⓘ 42027-18-50100-45
Net Cash Flow ⓘ -22-1-0-0-026-80
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)34.1317.4114.73-88.17N/AN/AN/AN/AN/A0
ROCE (%)22.718.3518.18-39.61N/AN/AN/AN/AN/A1.16
Asset Turnover Ratio3.974.073.680.880.220.380.20.020.010.09
PAT to CFO Conversion(x)0.39-0.121.22N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days50.7046.4047.70202.90742.70177.90179.601,783.104,247297.70
Inventory Days15.2015.502067209.90122.2068.70663.50153.20322.30
Payable Days31.4018.809.8038.40159.609.3064.30959.400704.70

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

JTL Defence Ltd FAQs

The current trading price of JTL Defence on 08-Nov-2026 16:59 is ₹495.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2026 the market cap of JTL Defence stood at ₹522.4 Cr

The latest P/E ratio of JTL Defence as of 07-Nov-2026 is 0.00.

The latest P/B ratio of JTL Defence as of 07-Nov-2026 is 10.30.

The 52-week high of JTL Defence is ₹924.0 and the 52-week low is ₹6.79.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of JTL Defence is ₹56.67 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that JTL Defence Ltd is a below average quality company.

The key valuation ratios of JTL Defence Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of JTL Defence Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About JTL Defence Ltd

RCI Industries was incorporated as “Rameshchand Industries” under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 7, 1992. Subsequently, the name of the company was changed to “RCI Industries & technologies” vide fresh certificate of incorporation dated February 1, 2000.

RCI Industries is over Rs 250 crore diversified turnover conglomerate, which is committed towards high quality products and credit with several innovations over last twenty one years. The company further consolidated its position in the last five years through successful forays into diversified sectors like trading of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot, scrap, power cables and other related items used in various electrical and industrial applications. Company also exports Indian Handicrafts especially metal based.

The company operates as an important intermediary in the Metals Supply Chain whereby its import/purchase materials such as Annealed/Un-Annealed Copper Wires, Bunched Copper Wires, Aluminium Wires etc from various suppliers and supply the same to customers in the Metal Business. Its product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in of all types of ferrous and Non ferrous Metals according to customer specifications. The company is one of the leading companies engaged in the sphere of offering and exporting Copper Wires which include Annealed Copper Wire, Bunched Copper Wire Ropes and Copper Ingots, which are used in different electrical and industrial applications. With experience of more than 21 years in the sphere of trading and exporting Copper Wires, the company understand current market trends and demand that has enabled it  to cater various industries such as manufacturing units, industries, automobile & engineering industry.

Products

Annealed /Un-Annealed Copper Wire: The Company is a leading exporter providing a finds its applications in different industries. Annealed Copper Wire is quality tested on varied parameter. Due to its high quality in conduction, the demand for this product is high.

Bunched Copper Wire:  The company provides  high tolerance Bunched Copper Wire Ropes that compensate for vibration, expansion and contractions. Its Bunched Copper Wire Ropes are used for various electrical and industrial purposes. These Bunched Copper Wire Ropes are used as connectors due to its flexibility and strength. Being kink-free, these could be tied in a knot like rope patterns at the insulator.

Copper Ingots: The company is a leading company engaged in manufacturing and exporting Copper Ingots, which resemble large bricks, are cast from remelted cathode or refined scrap. These Copper Ingots find their applications in tube mills that are used to operate small melting furnaces. It is globally appreciated as renowned manufacturer and supplier of Copper Ingots. Copper, which is an excellent conductor of heat, is used to make ingots for being malleable and ductile.

Aluminum Wires: The company offers offer a wide range of Aluminum Wires which are manufactured from high qaulity raw material and it also finds its applications in different industries. Its high quality double paper covered aluminium wires reel are manufactured as per IS specifications to provide optimum performance to the electrical appliances. This product is known for providing high performance and are widely used by the various manufacturers of electrical product

Continuous Cast Copper Rods: The company is a leading exporting company providing a wide range of continuous cast copper rods that finds its applications in different industries. Due to its high quality in conduction, it is appreciated in the market and is high in demand. These rods are primarily used in construction, cement industry, ship building industry and allied commercial setups. Moreover, these can be easily modified in accordance with client requirement and are delivered within stipulated time frame.

Copper Cathodes: The company offers a quality Copper Cathode that is known for its high level of copper concentration. High concentration of copper in the copper cathode scraps makes sure its wide applications in engineering, railway and in electronic industry. These are offered in the bundles containing sheets strapped together. The number of sheets in the bundle can be specified by clients as per their requirement.

Electric Distribution Transformer Scrap: The Company imports all types of electric distribution transformer scraps that have gained huge appreciation in the market for their exclusive features. Its entire range is procured from trustworthy source to avoid any kind of discrepancies at any point of time from the clients end.

Electric Motor Scrap:  The Company offers electric motor scraps which are highly acclaimed for its high tensile strength and longevity features. These electric motor scrap are recycled to fabricate unadulterated copper goods, tools and are extensively used for engineering and the railway field. It provides varied types of electric motor scrap as per the customers’ requirements.

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