5
JTL Defence
537254 BSE
JTL Defence
Industrials BSE: 537254 Industrial Products
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
6- Stock is trading at 4.78 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -22.9% over past five years.
- Company might be capitalizing the interest cost
- Company has high debtors of 384 days.
- Working capital days have increased from -35,488 days to 877 days
Growth Rate
Revenue Growth
—
Net Income Growth
107% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.86 | 0.7 | 0.49 | 0.24 | 0.13 | 0.23 | 0.47 | 0.15 | 0 | 3.58 | 0.47 | 15.24 | 21.24 |
| Expenses | 1.54 | 1.01 | 1.33 | 0.66 | 0.38 | 0.41 | 0.53 | 0.84 | 1.8 | 2.47 | -0.73 | 11.55 | 18.78 |
| Operating Profit | -0.68 | -0.31 | -0.84 | -0.42 | -0.25 | -0.18 | -0.06 | -0.69 | -1.8 | 1.11 | 1.2 | 3.69 | 2.46 |
| OPM % | -79.07% | -44.29% | -171.43% | -175% | -192.31% | -78.26% | -12.77% | -460% | — | 31.01% | 255.32% | 24.21% | 11.58% |
| Other Income | 0.22 | 0.01 | 0.42 | 0.17 | 0.04 | 0.16 | 0 | 0.01 | 0.01 | 1.67 | 0.06 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.09 | 0.99 | 0.91 |
| Depreciation | 2.09 | 2.09 | 2.09 | 2.08 | 1.35 | 1.35 | 1.35 | 1.35 | 1.15 | 1.19 | 1.17 | 1.3 | 3.98 |
| PBT | -2.55 | -2.39 | -2.51 | -2.33 | -1.56 | -1.37 | -1.41 | -2.03 | -2.94 | 1.59 | 0 | 1.4 | -2.43 |
| Tax % | -5.49% | -5.86% | -5.58% | -6.01% | 1.28% | 1.46% | 1.42% | 0.99% | 1.02% | 1.89% | — | -20.71% | 10.29% |
| Net Profit | -2.41 | -2.24 | -2.37 | -2.19 | -1.58 | -1.39 | -1.43 | -2.05 | -2.97 | 1.56 | -0.03 | 1.7 | -2.67 |
| EPS in Rs | -1.54 | -1.43 | -1.51 | -1.4 | -1.01 | -0.89 | -0.91 | -1.31 | -1.89 | 1 | -0.03 | 1.62 | -2.54 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 979 | 1,270 | 1,735 | 2,033 | 1,998 | 457 | 70.8 | 59.68 | 23.02 | 2.3 | 0.98 | 19.29 | 40.53 |
| Expenses | 964 | 1,241 | 1,681 | 1,975 | 1,921 | 575 | 214 | 120 | 29.95 | 4.56 | 2.14 | 15.07 | 32.07 |
| Operating Profit | 15.13 | 28.72 | 53.64 | 57.79 | 76.12 | -118 | -143 | -60.25 | -6.93 | -2.26 | -1.16 | 4.22 | 8.46 |
| OPM % | 1.55% | 2.26% | 3.09% | 2.84% | 3.81% | -25.82% | -202.26% | -100.96% | -30.1% | -98.26% | -118.37% | 21.88% | 20.87% |
| Other Income | 0.53 | 0.89 | 1.35 | 6.68 | 5.59 | -19.88 | -2.67 | 0.23 | 0.11 | 0.82 | 0.2 | 1.73 | 1.73 |
| Interest | 7.98 | 12.19 | 13.24 | 19.11 | 24.05 | 15.9 | 0.2 | 0.6 | 1.64 | 0 | 0 | 1.08 | 1.99 |
| Depreciation | 0.63 | 0.78 | 2.41 | 4.99 | 12.01 | 13.37 | 12.59 | 11.28 | 5.77 | 8.36 | 5.41 | 4.81 | 7.64 |
| PBT | 7.05 | 16.64 | 39.34 | 40.37 | 45.65 | -167 | -159 | -71.9 | -14.23 | -9.8 | -6.37 | 0.06 | 0.56 |
| Tax % | 12.2% | 10.34% | 8.87% | 18.78% | 19.67% | -0.45% | -1.07% | -0.32% | 20.8% | -5.92% | 1.1% | -366.67% | — |
| Net Profit | 6.18 | 14.93 | 35.84 | 32.8 | 36.67 | -166 | -157 | -71.66 | -17.19 | -9.22 | -6.44 | 0.27 | 0.56 |
| EPS in Rs | 5.67 | 13.7 | 26.67 | 24.41 | 27.29 | -106 | -100 | -45.71 | -10.97 | -5.88 | -4.11 | 0.26 | 0.05 |
| Div. Payout % | 0% | 0% | 0% | 4.1% | 1.83% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.9 | 10.9 | 13.44 | 13.44 | 13.44 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 | 15.68 | 10.53 |
| Reserves | 37.3 | 51.68 | 134 | 216 | 255 | 92.94 | -65.84 | -137 | -154 | -164 | -170 | 186 |
| Borrowings | 51.15 | 102 | 151 | 121 | 148 | 238 | 233 | 234 | 236 | 236 | 236 | 59.82 |
| Other Liabilities | 173 | 214 | 209 | 144 | 177 | 95.26 | 12.45 | 6.43 | 11.75 | 17.87 | 9.97 | 74.44 |
| Total Liabilities | 272 | 378 | 508 | 494 | 593 | 442 | 195 | 118 | 109 | 106 | 91.42 | 330 |
| Fixed Assets | 2.62 | 4.25 | 23.88 | 56.93 | 97.04 | 90.13 | 71.25 | 61.7 | 55.92 | 47.55 | 42.14 | 236 |
| CWIP | 0.4 | 0.52 | 16.08 | 9.84 | 10.43 | 9.47 | 8.42 | 6.27 | 6.27 | 6.27 | 6.27 | 4.4 |
| Investments | 0 | 36.45 | 0.05 | 0.45 | 2.62 | 11.86 | 11.86 | 11.86 | 12.47 | 12.47 | 12.47 | 12.47 |
| Other Assets | 269 | 337 | 467 | 426 | 483 | 330 | 104 | 38.6 | 34.21 | 39.47 | 30.54 | 77.32 |
| Total Assets | 272 | 378 | 508 | 494 | 593 | 442 | 195 | 118 | 109 | 106 | 91.42 | 330 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -31.47 | 0.8 | 14.12 | -4.33 | 45.23 | 25.59 | 1.06 | -1.16 | 1.21 | 4.81 | -8.4 | -15.48 |
| Investing | 17.42 | -38.14 | -56.12 | 6.37 | -49.15 | 8.35 | 3.4 | 0.58 | -0.07 | 0.82 | 0.2 | -7.86 |
| Financing | 16.97 | 38.74 | 40.36 | 0.13 | 3.3 | -34.19 | -4.94 | 0.17 | 0.67 | 0 | 0 | 23.39 |
| Net Cash Flow | 2.93 | 1.4 | -1.64 | 2.17 | -0.63 | -0.25 | -0.48 | -0.42 | 1.81 | 5.63 | -8.2 | 0.05 |
| Free Cash Flow | -33.98 | -1.72 | -23.37 | -37.55 | -6.06 | 20.1 | 4.96 | -0.73 | 1.21 | 4.81 | -8.4 | -23.35 |
| CFO/OP | -202 | 9 | 30 | -2 | 60 | -22 | -1 | 2 | -17 | -213 | 724 | -367 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61.68 | 64.79 | 55.26 | 45.82 | 48.81 | 192 | 244 | 66.11 | 188 | 1,842 | 4,168 | 384 |
| Inventory Days | 23.61 | 22.18 | 29.79 | 35.22 | 47.39 | 111 | 150 | 40.5 | 12.92 | 194 | 1,663 | 1,633 |
| Days Payable | 45.45 | 43.98 | 62.3 | 43.74 | 58.85 | 152 | 42.78 | 18.29 | 66.16 | 1,853 | 16,344 | 1,214 |
| Cash Conversion Cycle | 39.83 | 42.99 | 22.75 | 37.29 | 37.35 | 151 | 352 | 88.33 | 134 | 183 | -10,513 | 803 |
| Working Capital Days | 25.82 | 23.95 | 15.65 | 25.95 | 31.41 | -7.33 | -695 | -1,168 | -3,178 | -32,926 | -74,415 | 877 |
| ROCE % | 17.86% | 21.84% | 23.25% | 18.35% | 18.18% | -29.94% | -58.54% | -48.34% | -12.04% | -10.59% | -7.52% | 0.68% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view JTL Defence insights
62 extracted metrics + investor summaries across FY13–FY27.
Documents
1
Intimation Of Order Of The Regional Director (Northern Region-I) For Shifting Of Registered Office Of The Company
7 Sep - Regional Director approved shifting registered office from Delhi to Himachal Pradesh on September 7, 2026. 7 Sep - Regional Director approved shifting registered office from Delhi to Himachal Pradesh on September 7, 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
2 Sep - Copy of newspaper publication of Notice of 35th Annual General Meeting and E-voting information 2 Sep - Copy of newspaper publication of Notice of 35th Annual General Meeting and E-voting information
5
Board Meeting Outcome for Outcome Of Board Meeting Dated 29.08.2026
29 Aug - Board reappointed Pranav Singla as MD, appointed Deevesh Bhojia WTD, and fixed AGM for September 23, 2026. 29 Aug - Board reappointed Pranav Singla as MD, appointed Deevesh Bhojia WTD, and fixed AGM for September 23, 2026.
Frequently Asked Questions about JTL Defence
What does JTL Defence Ltd do?
Incorporated in 1992, RCI Industries & Technologies Ltd manufactures Round and Flat Rolled Copper and Copper Alloys.[1]
Where is JTL Defence Ltd (537254) listed?
JTL Defence Ltd trades under code 537254 on the BSE.
Which sector does JTL Defence Ltd belong to?
JTL Defence Ltd is classified under the Industrials sector, in the Industrial Products industry.
Company Information
Incorporated in 1992, RCI Industries & Technologies Ltd manufactures Round and Flat Rolled Copper and Copper Alloys.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/537254.md for JTL Defence Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.