Experts Predict Over 35% Surge in JTL Industries Stock — Should You Buy for Long-Term Gains?

Experts predict that JTL Industries shares could see a rise of more than 35% in the long term, making the small-cap stock a promising option for investors. With the steel sector gaining momentum due to China’s economic stimulus efforts, JTL Industries is showing signs of growth. Investors are now considering whether to buy the stock or avoid it. Here’s what experts think about its potential and why it could be a great choice for long-term portfolios.

Why Experts Are Bullish on JTL Industries

Analysts are optimistic about JTL Industries, noting its strong growth prospects. The company plans to expand its production capacity from 0.59 million metric tons per year to 1.0 million by FY25, and further increase it to 2.0 million metric tons by FY28. This growth is backed by favorable industry conditions and a focus on offering more valuable products.

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Target Price for JTL Industries

Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, said, “JTL Industries shares are overbought, but the stock has built a solid base around ₹80. With steel stocks trending upwards due to China’s stimulus news, JTL is breaking out of its consolidation phase.”

Brokerage firm SMIFS Limited has set a target price of ₹294 per share with a ‘BUY’ recommendation, expecting a 37.6% return from the current price of ₹214. Their valuation is based on a P/E ratio of 28 times the estimated earnings per share (EPS) for September 2026. Currently, the stock is trading at P/E ratios of 33.3x for FY25, 25.2x for FY26, and 17.0x for FY27 estimates.

Ganesh Dongre suggests holding JTL Industries shares with short-to-medium-term targets of ₹240 to ₹260, while setting a stop loss at ₹180. For new investors, he recommends buying at the current market price (CMP) with the same targets.

JTL Industries Stock Price History

JTL Industries shares have declined by 10%, dropping from ₹237 to ₹212.30 in October. On October 11, the company’s board approved a 1:1 stock split, dividing each share with a ₹2 face value into two shares with a ₹1 face value. However, they did not approve the proposal for a bonus share issue. The company will announce the record date for the stock split soon.

About JTL Industries

Founded in 1991 and based in Chandigarh, JTL Industries is a key player in the steel tubes and pipes sector. Originally focused on Electric Resistance Welded (ERW) Black Pipes, the company has expanded its product range to include galvanized steel pipes, solar mounting structures, and large-diameter steel tubes for various industrial uses.

JTL has reported a strong 58% annual growth rate in sales from FY21 to FY24 and expects to continue growing at a 30.5% rate through FY27. This is driven by rising demand and better distribution channels. The company also has one of the highest earnings per ton in the industry, with further improvements expected as it adds more products and increases production.

According to a report by SMIFS Limited, “JTL Industries is well-positioned for long-term growth, with its share price expected to rise thanks to its strategic capacity expansion and strong market demand.”

Experts believe JTL Industries has a bright future, supported by growing demand, increased production capacity, improved revenue visibility, and a streamlined balance sheet. This makes it a strong contender for long-term investors.