JTL-Industries-Ltd Q32024 PPT
JTL-Industries-Ltd Q32024 PPT
JTL-Industries-Ltd Q32024 PPT
2024
REG: INVESTOR PRESENTATION ON UN-AUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER
AND NINE MONTHS ENDED 31ST DECEMBER, 2023.
Dear Sir/Ma’am,
Pursuant to Regula on 30 and other applicable provisions, if any, of SEBI (Lis ng Obliga ons and
Disclosure Requirements) Regula ons, 2015, Please find a ached herewith detailed Investors
Presenta on on Unaudited Financial Results for the Third Quarter and Nine months ended 31st
December, 2023.
02
Investor Presentation January 2024
JTL At A
Glance
03
Investor Presentation January 2024
Competitive
Advantage
All Units Have
130+ Acres Presence in Capability to
Of Land Bank Primary and Secondary Produce Galvanised
Available Steel market Products
04
Investor Presentation January 2024
Leadership
Mr. Madan Mr. Mithan Mr. Rakesh
Mohan Singla Lal Singla Garg
Managing Director Non-Executive Director Executive Director
• 35+ Years of rich experience in Steel • 40+ Years of experience in steel business. • 30+ years of rich experience in steel
Industry • Played a key role in setting up current industry
• In-depth knowledge of steel & pipe manufacturing facilities • Specifically assigned to trade and
industry • Associated with various ventures in commercial operations, liaising with
• Recognized for his proficiency in business different capacities & conversant various agencies and associates
finance and strategy. with latest industrial techniques • Wide experience in industrial projects,
engineering and management affairs
• 10+ Years of experience in this industry • Completed Bachelor in Economics and • 25+ years of experience in prominent steel
• Completed B.com from Punjab University, Accounting Honors from Cass Business company namely Bhushan Power and Steel Limited
and persued masters in management from School, London, topped by Masters in • Mr. Gupta has exposure of overseas operations
Kings college, London Project Management, Finance and Risk. while working with Aarti Strips Pvt Ltd in Nepal.
• Played a key role in expansion plans at • Dedicated towards managing Investor • He has been associated with JTL since 2019 and
Mangaon along with handling finances at relations has expertise in cost and automations
prime • Managing sales and distribution in North
India
UK
Ireland Germany
Belgium
France
Italy
JTL has a pan-India presence and Greece
has a diverse geographic footprint,
providing products to over 20 nations UAE
in 5 continents. West Indies Hong Kong
IS 9537 / II - BS4568 - -
Wise Sales
100% 11,0000
5.00% 4.00%
95% 8.00% 10,0000 3,646
96.00%
90% 90,000
95.00%
Mix
92.00%
85% 80,000 4,393
97,259
80% 70,000 77,293
75% 60,000
4,529
70% 50,000
52,788
65% 40,000
60% 30,000
55% 20,000
50% 0
Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24
100% 2,70,000
5% 12,543
95% 8%
2,20,000
90%
95%
85%
92%
2,47,390
1,70,000
80% 13,120
1,47,020
75% 1,20,000
70%
70,000
65%
60%
20,000
55%
50% 0
9M FY23 9M FY24 9M FY23 9M FY24
Investor Presentation January 2024 10
Products PROVIDING INDUSTRY WIDE SOLUTIONS
Offered &
Industries INDUSTRIES
CATERED
Catered To Heavy Vehicles
Energy & Engineering
Construction &
Building Material
Solar Projects
JTL GALV-COAT Core
JTL AGNIRODHI Infrastructure
Water Distribution
JTL HARVEST
JTL AQUA JTL SOLARIUM
JTL HULK
JTL UNIQ
JTL ULTRA
PRODUCTS JTL PETROGAS
OFFERS
Investor Presentation January 2024 11
Clients OUR DIRECT CLIENTELE
Mn tonnes
100
%
6
0 80
60 4
-5 40
2
20
-10
FY18 FY19 FY20 FY21 FY22 FY23 FY24e FY25e 0
FY21 FY25e FY30e
Opportunities Metro - The government plans to expand its total metro network to c.2,660 km from present c.690km by
expanding the network in exiting cities and introducing the metro in new cities. This will create a lucrative
The demand for structural steel tubes opportunity for ERW pipes, as metro networks have a high density of stations where these pipes can be used in
plenty.
is driven by a substantial government
commitment to bolster infrastructure
in sectors such as construction,
Airports - Government of India plans to build over 70-80 airports by 2025 under its Udaan Scheme. For this AAI
oil & gas, water supply, and agriculture. and the private sector will invest Rs 1 trillion in the next 2-3 years for this expansion.
Jal Jeevan Mission - Government allotted Rs. 70,000 crores towards Jal Jeevan Mission which aims to provide
clean drinking water to over 180 million rural ouseholds by 2024.
Affordable Housing - For FY24, the Government of India has enhanced their total budgeted allocation for PMAY by
66% to Rs. 796 billion. Under PMAY, Government has a task of completing 4.5 million households, which will
continue to drive demand for the next 3-4
Indian Railways - Government plans to modernise & upgrade as many as 1,275 railway stations under ‘Amrit
Bharat Station’ Scheme. To support this, In its last budget, the Indian Railways increased its total capex for
upgradation by 240% yoy to Rs 130 billion.
1,00,000 MTPA of capacity will be of ERW black pipes which will augment the
manufacturing capability of JTL.
RAIPUR
1,00,000 MTPA of capacity will be equipped with DFT which will facilitate the
company to produce larger sizes of hollow section pipes without roll change,
increasing efficiency and capacity and SKU’s.
1,00,000 MTPA of capacity will be of ERW black pipes which will augment the
manufacturing capability of JTL.
Operational &
9M SALES VOLUME (IN MT) VALUE-ADDED PRODUCTS
300000 240000
Financial
250000 200000
2,59,933
1,79,436
200000 160000
Performance
150000 120000
1,60,139
1,05,302
100000 80000
80,497
JTL has recorded its highest ever quarterly sales volume of 40000
54,837
50000
1,00,905 MT, exhibiting a rigorous and robust growth of
76.05% over Q3 FY23 driven by healthy demand for its 0 0
structural steel tubes and pipes finding application in 9M FY23 9M FY24 9M FY23 9M FY24
1,00,905
MT, surpassing FY23 sales volume of 2,40,316 MT and 100000
80000
demonstrating a robust growth of 62.32% compared to
81,686
9M FY23. JTL witnessed a remarkable increase in sales of 80000
81,116
60000
value-added products, with a substantial 46.79% growth,
57,317
60000
rising from 54,837 MT in 9M FY23 to 80,497 MT in 9M
40000
53,484
FY24.
42,701
40000
19,789
14,616
20000
28,202
20000
0 0
Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24
5,673.86
600 12
5000 6000
5,021.01
500 10
4000 8.46% 5000
5,068
400 7.45% 7.49% 8
4,580
4000
3,433.31
4,213
3000
425.09
374.15
300 6 3000
290.46
2000
200 4 2000
0 0 0
Q3 FY23 Q2 FY24 Q3 FY24 Q2 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24
500 10 80000
70000
400 8
60000
61,467
59,900
56,230
5.97% 50000
300 5.56% 5.32% 6
40000
301.82
279.14
200 4
204.99
30000
20000
100 2
10000
0 0
Q2 FY23 Q1 FY24 Q2 FY24 Q3 FY23 Q2 FY24 Q3 FY24
15,742.89
14000 1400 7
6000
12000 1200 6
5000
1,154.55
10000 1000 5
4,782
10,772.94
4000
8000 800 4
4,442
3000
765.75
6000 600 3
400 2
2000
4000
0 0 0
9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24
900 10 80000
800
834.66
70000
67,272
534.76
700 8
60000
60,565
600
50000
500 6
5.30% 40000
400
4.96% 30000
300 4
20000
200
100 2 10000
0 0
9M FY23 9M FY24 9M FY23 9M FY24
Statement
Volume (Consolidated Data) 1,00,905 57,317 76.05% 81,686 2,59,933 1,60,139 62.32%
Revenue from operations 5,673.86 3,433.31 65.26% 5,021.01 15,742.89 10,772.94 46.13%
Total Expenses excluding Depreciation, Amortization & Finance Cost 5,248.77 3,142.84 67.01% 4,646.85 14,588.34 10,007.19 45.78%
Highlights
EBITDA* 425.09 290.46 46.35% 374.15 1,154.55 765.75 50.77%
EBITDA Margin % 7.49% 8.46% (97 bps) 7.45% 7.33% 7.11% 22 bps
Other income 9.44 10.98 30.26 47.38 44.70
Depreciation & Amortization 15.01 10.90 13.54 40.07 30.87
Finance Cost 16.20 13.27 12.79 41.41 46.13
Exceptional items 0.00 0.00 0.00 0.00 (10.82)
PBT 403.33 277.27 45.46% 378.09 1,120.44 722.63 55.05%
Tax Expense 101.51 72.28 98.94 285.78 187.87
PAT 301.82 204.99 47.23% 279.14 834.66 534.76 56.08%
PAT Margin % 5.32% 5.97% (65 bps) 5.56% 5.30% 4.96% 34 bps
Other Comprehensive Income 9.69 35.95 19.06 28.75 41.75
Net PAT 311.51 240.95 298.20 863.41 576.52
Diluted EPS 1.65 1.55 1.53 4.58 3.94
*EBITDA is calculated excluding other income
• Our Revenue from Operations grew by • Our EBITDA increased by 46.35% from Rs. 290.46 Mn in Q3 • PAT increased by 47.23% to Rs.
65.26% from Rs. 3,433.31 Mn in Q3 FY23 to Rs. 425.09 Mn in Q3 FY24 and by 50.77% from Rs. 301.82 Mn Q3 FY24 and by
FY23 to Rs. 5673.86 Mn in Q3 FY24 765.75 Mn in 9M FY23 to Rs. 1,154.55 Mn in 9M FY24 led by 56.08% to Rs. 834.66 Mn in 9M
and by 46.13% from Rs. 10,772.94 Mn increase in scale of operations. However, our EBITDA margins FY24 on YoY basis respectively. PAT
in 9M FY23 to Rs. 15,742.89 Mn in 9M decreased by 97 bps from 8.46% in Q3 FY23 to 7.49% in Q3 margins remained in line with
FY24. This growth was led by robust FY24 led by decline in sales of value-added product due to expectations at 5.32% in Q3 FY24
sales volume that not only exceeded our scheduled maintenance of our galvanization pot. It is a periodic and at 5.30% in 9M FY24
previous records but also surpassed the measure taken by us to maintain product quality and standards. respectively.
sales figure achieved in FY23. For the 9M period our margins improved by 22 bps from 7.11%
in 9M FY23 to 7.33% in 9M FY24.
Investor Presentation January 2024 21
From the
Chairman’s We are a fast growing steel tube manufacturing company, and specialise in producing ERW steel tubes & pipes, pre-galvanized & galvanized pipes, Large
diameter steel tubes and pipes and hollow structures.
Desk
We are at a cusp of major transformational journey with the aim to position ourself as a leading player in the structural steel industry.
We are progressing steadily towards achieving our FY25 target of establishing a manufacturing capacity of 1 million tons. Further, the structural steel market is
in a nascent stage in India and has lot of potential to grow. In order to rightly capture the emerging opportunities in the structural steel tubes space and provide
an array of products under one roof we have recently announced mega capacity augmentation project in Maharashtra through our wholly owned subsidiary, JTL
Tubes Limited. In this expansion, we will focus primarily on:
Incorporating additional DFT lines
Expanding our capability to manufacture galvanised steel tubes and pipes,
Introduce a range of colour coated products, and
Implement backward integration in our facility which will facilitate the production of pre-galvanised sheets.
The primary purpose of the said expansion is to enhance our share of value-added products, thereby contributing to improved realisation and EBITDA per ton.
To facilitate this expansion, we have outlined plans to raise Rs. 13,100 Mn through various routes, including but not limited to Qualified Institutional Placement
(QIP).
JTL has been actively contributing to the nation building effort by supplying its products to diverse industries. We are continuously witnessing robust demand
across sectors like construction, oil & gas, water supply, and agriculture. Further we expect that the Government’s initiative as mentioned below will continue to
support the vigorous demand:
Government of India plans to build over 70-80 airports by 2025 under its Udaan Scheme and modernise & upgrade as many as 1,275 railway stations under
‘Amrit Bharat Station’ Scheme.
The real estate demand also looks positive on increasing urbanisation trend and increased allocation by the government towards PMAY.
The Government of India is also focussing towards providing clean drinking water to over 180 million rural households and is continuously increasing its
investment in Jal Jeevan Mission.
At JTL, we remain committed to implement our growth strategy, which includes continued market expansion, operational excellence, and customer-centric
innovation and sincerely thank you for your continued trust and support.
22
Investor Presentation January 2024
Management
Guidance JTL is planning to deploy
JTL has raised Rs.
3,840 Mn. via preferential
allotment which will boost planned
capacity expansion of the The company expects
DFT in its plants which will company and aid JTL to remain revenue to grow by
facilitate it to produce various in line with their mission. ~30-35% from FY23 to FY24
sizes of hollow section without led by increasing sales volume,
roll change, increasing efficiency and greater contribution of
and capacity utilization and also add value-added products in the
additional SKUs’.
sales mix.
Within the
next two years, JTL has JTL aims to enhance
3 its manufacturing capacity to
set a goal to raise its proportion of 1 Million MTPA by the end of FY25.
value-added products to over 2 4
50%, as a part of its strategic EBITDA margins for FY24 is
plan to enhance the business expected to stay within the
and margins generated out similar lines as witnessed in
of its product offerings.
1 5 FY23.
Information Particulars %
56.00%
Institutions 2.45%
Public 41.55%
TOTAL 100.00%
Market Indicators
Incorporated 1991
Listed on NSE, BSE & MSE
BSE Scrip Code / NSE Symbol 534600/ JTLIND
Issued shares 17,11,13,720
Share price (as at 11th January 2024) 261.20
Market Capital (Rs. Mn.) 44,694.90 Mn
52 week High/Low Rs.265.80 /Rs.142.75
*Source BSE
THANK YOU
For further information contact
www.jtl.one
25