JTL Industries Ltd (JTLIND) - Net Assets

Latest as of March 2026: Rs15.22 Billion INR ≈ $164.57 Million USD

Based on the latest financial reports, JTL Industries Ltd (JTLIND) has net assets worth Rs15.22 Billion INR (≈ $164.57 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs19.96 Billion ≈ $215.89 Million USD) and total liabilities (Rs4.75 Billion ≈ $51.32 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore JTLIND total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs15.22 Billion
% of Total Assets	76.23%
Annual Growth Rate	30.84%
5-Year Change	669.84%
10-Year Change	9655.33%
Growth Volatility	38.5

JTL Industries Ltd - Net Assets Trend (2008–2026)

This chart illustrates how JTL Industries Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is JTL Industries Ltd's equity to evaluate the tangible quality of the company's equity base.

Annual Net Assets for JTL Industries Ltd (2008–2026)

The table below shows the annual net assets of JTL Industries Ltd from 2008 to 2026. For live valuation and market cap data, see JTL Industries Ltd (JTLIND) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs15.22 Billion ≈ $164.57 Million	+24.87%
2025-03-31	Rs12.19 Billion ≈ $131.79 Million	+57.29%
2024-03-31	Rs7.75 Billion ≈ $83.79 Million	+90.31%
2023-03-31	Rs4.07 Billion ≈ $44.03 Million	+105.95%
2022-03-31	Rs1.98 Billion ≈ $21.38 Million	+103.99%
2021-03-31	Rs969.05 Million ≈ $10.48 Million	+60.43%
2020-03-31	Rs604.03 Million ≈ $6.53 Million	+36.90%
2019-03-31	Rs441.20 Million ≈ $4.77 Million	+87.43%
2018-03-31	Rs235.39 Million ≈ $2.55 Million	+50.90%
2017-03-31	Rs155.99 Million ≈ $1.69 Million	+9.68%
2016-03-31	Rs142.23 Million ≈ $1.54 Million	+9.31%
2015-03-31	Rs130.11 Million ≈ $1.41 Million	-15.40%
2014-03-31	Rs153.80 Million ≈ $1.66 Million	+3.61%
2013-03-31	Rs148.43 Million ≈ $1.61 Million	+4.18%
2012-03-31	Rs142.48 Million ≈ $1.54 Million	+1.55%
2011-03-31	Rs140.30 Million ≈ $1.52 Million	+2.93%
2010-03-31	Rs136.30 Million ≈ $1.47 Million	+2.29%
2009-03-31	Rs133.25 Million ≈ $1.44 Million	+10.52%
2008-03-31	Rs120.57 Million ≈ $1.30 Million	--

Equity Component Analysis

This analysis shows how different components contribute to JTL Industries Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs393.08 Million	2.64%
Other Components	Rs14.47 Billion	97.36%
Total Equity	Rs14.87 Billion	100.00%

JTL Industries Ltd Competitors by Market Cap

The table below lists competitors of JTL Industries Ltd ranked by their market capitalization.

Company	Market Cap
Bonava AB (publ) ST:BONAV-B	$321.93 Million
Balmer Lawrie & Company Limited NSE:BALMLAWRIE	$322.04 Million
ABC arbitrage SA PA:ABCA	$322.05 Million
Henan Provincial Communications Planning & Design Institute Co Ltd Class A SHE:300732	$322.09 Million
Poongsan Holdi KO:005810	$321.91 Million
Camil Alimentos S.A SA:CAML3	$321.91 Million
Denny’s Corp NASDAQ:DENN	$321.87 Million
New Providence Acquisition Corp. III Class A Ordinary Shares NASDAQ:NPAC	$321.84 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in JTL Industries Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 12,183,069,000 to 14,866,046,000, a change of 2,682,977,000 (22.0%).
Net income of 984,701,000 contributed positively to equity growth.
Dividend payments of 25,106,000 reduced retained earnings.
Other comprehensive income decreased equity by 2,019,883,999.
Other factors increased equity by 3,743,265,999.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs984.70 Million	+6.62%
Dividends Paid	Rs25.11 Million	-0.17%
Other Comprehensive Income	Rs-2.02 Billion	-13.59%
Other Changes	Rs3.74 Billion	+25.18%
Total Change	Rs-	22.02%

Book Value vs Market Value Analysis

This analysis compares JTL Industries Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 5.23x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 83.55x to 5.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-03-31	Rs0.91	Rs75.73	x
2009-03-31	Rs0.67	Rs75.73	x
2010-03-31	Rs0.68	Rs75.73	x
2011-03-31	Rs0.70	Rs75.73	x
2012-03-31	Rs0.74	Rs75.73	x
2013-03-31	Rs1.48	Rs75.73	x
2014-03-31	Rs0.77	Rs75.73	x
2015-03-31	Rs1.30	Rs75.73	x
2016-03-31	Rs1.42	Rs75.73	x
2017-03-31	Rs1.56	Rs75.73	x
2018-03-31	Rs2.35	Rs75.73	x
2019-03-31	Rs2.20	Rs75.73	x
2020-03-31	Rs3.01	Rs75.73	x
2021-03-31	Rs4.57	Rs75.73	x
2022-03-31	Rs7.54	Rs75.73	x
2023-03-31	Rs10.48	Rs75.73	x
2024-03-31	Rs22.34	Rs75.73	x
2025-03-31	Rs28.36	Rs75.73	x
2026-03-31	Rs14.49	Rs75.73	x

Capital Efficiency Dashboard

This dashboard shows how efficiently JTL Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 6.62%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.61%
• Asset Turnover: 1.07x
• Equity Multiplier: 1.34x
Recent ROE (6.62%) is below the historical average (13.02%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	11.69%	1.86%	1.89x	3.33x	Rs2.04 Million
2009	9.52%	1.26%	3.27x	2.32x	Rs-644.69K
2010	4.08%	0.64%	2.18x	2.94x	Rs-8.07 Million
2011	2.85%	0.43%	2.41x	2.77x	Rs-10.03 Million
2012	1.47%	0.25%	2.70x	2.21x	Rs-12.67 Million
2013	4.01%	0.69%	1.95x	3.00x	Rs-8.89 Million
2014	3.49%	0.55%	1.88x	3.36x	Rs-10.02 Million
2015	6.41%	0.70%	3.31x	2.77x	Rs-4.67 Million
2016	8.52%	1.28%	3.11x	2.15x	Rs-2.11 Million
2017	8.82%	1.22%	2.33x	3.11x	Rs-1.84 Million
2018	34.15%	4.74%	2.34x	3.08x	Rs56.84 Million
2019	32.87%	4.51%	2.98x	2.45x	Rs100.89 Million
2020	16.46%	4.38%	1.64x	2.29x	Rs39.53 Million
2021	20.70%	4.63%	2.07x	2.16x	Rs103.73 Million
2022	30.89%	4.51%	3.99x	1.72x	Rs412.95 Million
2023	22.14%	5.82%	2.75x	1.38x	Rs494.17 Million
2024	14.59%	5.54%	2.42x	1.09x	Rs355.36 Million
2025	8.11%	5.16%	1.43x	1.10x	Rs-230.05 Million
2026	6.62%	4.61%	1.07x	1.34x	Rs-501.90 Million

Industry Comparison

This section compares JTL Industries Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $1,140,963,800
Average return on equity (ROE) among peers: -8.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
JTL Industries Ltd (JTLIND)	Rs15.22 Billion	11.69%	0.31x	$321.93 Million
Ankit Metal & Power Limited (ANKITMETAL)	$525.12 Million	20.07%	3.19x	$2.47 Million
APL Apollo Tubes Limited (APLAPOLLO)	$4.72 Billion	13.50%	1.73x	$5.83 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$539.25 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.28 Billion	4.30%	0.94x	$38.98 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$390.55 Million	-156.08%	18.26x	$150.48 Million
Electrotherm (India) Limited (ELECTHERM)	$-12.07 Billion	0.00%	0.00x	$138.91 Million
Grand Foundry Limited (GFSTEELS)	$-43.89 Million	0.00%	0.00x	$4.70 Million
Goodluck India Limited (GOODLUCK)	$2.78 Billion	5.74%	2.20x	$541.78 Million
Godawari Power And Ispat limited (GPIL)	$8.50 Billion	-8.76%	2.83x	$1.71 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$707.89 Million	21.38%	1.45x	$134.86 Million

About JTL Industries Ltd

NSE:JTLIND India Steel

Market Cap

$321.93 Million

Rs29.77 Billion INR

Market Cap Rank

#14376 Global

#729 in India

Share Price

Rs75.73

Change (1 day)

+0.45%

52-Week Range

Rs40.80 - Rs83.09

All Time High

Rs269.96