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JTL Industries Limited manufactures and sells steel pipes and tubes in India. The company offers galvanized, welded black, and electrogalvanized steel pipes and tubes for use in structural, mechanical, and general engineering purposes; ERW pipes for water, gas, and sewerage; steel tubes for idlers of belt conveyors and water wells; and lancing pipes for various automotive and industrial applications. It also provides structural, steel, square/rectangular, and round hollow sections, as well as mild steel black ERW square tubes, rectangular and round tubes, and hot rolled steel sections; LTZ sections and other steel products; and scaffolding fittings, scaffolding fitting systems, and accessories, including cold pressed steel scaffolding and drop forged fittings. In addition, the company offers mild steel angles and channels, and MS angles and channels; solar module mounting structures; solar turnkey EPC solutions; and logistics, and packaging and loading services. It serves various industries, including water transportation, agriculture, infrastructure, solar power, green houses, chemicals, sign posts, automotive, consumer durables, engineering, and oil and gas. JTL Infra Limited also exports its products. The company was formerly known as JTL Infra Limited and changed its name to JTL Industries Limited in November 2022. JTL Industries Limited was incorporated in 1991 and is based in Chandigarh, India.

JTL Industries Dividend Announcement

• JTL Industries announced a annually dividend of ₹0.25 per ordinary share which will be made payable on 2024-10-14. Ex dividend date: 2024-08-30
• JTL Industries annual dividend for 2024 was ₹0.25
• JTL Industries annual dividend for 2023 was ₹0.40
• JTL Industries's trailing twelve-month (TTM) dividend yield is 0.12%

JTL Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-30₹0.25annually2024-10-14
2023-08-04₹0.40annually2023-09-29

JTL Industries Dividend per year

JTL Industries Dividend Yield

JTL Industries current trailing twelve-month (TTM) dividend yield is 0.12%. Interested in purchasing JTL Industries stock? Use our calculator to estimate your expected dividend yield:

JTL Industries Financial Ratios

P/E ratio31.07
PEG ratio0.18
P/B ratio4.75
ROE18.91%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

JTL Industries Dividend FAQ

Does JTL Industries stock pay dividends?
JTL Industries does not currently pay dividends to its shareholders.
Has JTL Industries ever paid a dividend?
No, JTL Industries has no a history of paying dividends to its shareholders. JTL Industries is not known for its dividend payments.
Why doesn't JTL Industries pay dividends?
There are several potential reasons why JTL Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will JTL Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While JTL Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is JTL Industries a dividend aristocrat?
JTL Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is JTL Industries a dividend king?
JTL Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is JTL Industries a dividend stock?
No, JTL Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy JTL Industries stocks?
To buy JTL Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy JTL Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.