JTL Industries FY24 Business Update:

The company is clearly winning the battle in the steel tube and pipes category.

JTL Industries grew sales volumes by 42.5% YOY in FY24.

This is a far better show than the likes of APL Apollo that grew sales volumes by 15% YOY and Hi-Tech Pipes that grew sales volumes by 10% YOY.

The CAPEX plans at JTL Industries are well on track as the company is set to improve on its product mix and capture market share.

The only concern with JTL Industries is that the value-added segment grew at a slower pace (up 34% YOY) than overall volume growth (up 42.5% YOY).

The company never had any issues on the fundamental side and has kept performing much better than its peers.

JTL Management had guided to grow volumes by 35-40% CAGR for the next few years so this volume growth number of 42.5% is at par with what the management had guided in the past.

Does anyone know about the current capacity of the company for solar modules?

@visuarchie

How are you looking at this whole momentum thing? The aspect of returns and the activity of doing, both.

Regarding returns, how do you think they will be in the future, not that we can predict, but given that this is a weekly strategy and more than 52 weeks have passed, I guess we can get some idea if something is done that many times. Do you think returns will become half, or they will be lower but will not be halved, or do you even think there could be a losing streak too?

Regarding the activity, you have laid out all of your work, including the list that will be bought, how do you look at the strategy itself, from the looks of it (I haven’t gone through it in detail, neither have I used it) it does not look too complicated, sure there is some work to be done to get the end list, but the very structure does not look too complicated (again, I did not look into it deeply). So assuming everyone who has replied is finding it fairly doable, then how do you associate such high returns with a strategy like this? Or it is that, the strategy is not that simple, it is your clear presentation that made it look like simple, so the high returns are in proportion to the work done, so they are justified.
I know that many simple things work with investing, some analysis is done, there is valuation comfort, even margin of safety, strong business, and if one has patience, the end result could be good. But, I am not too sure if trading is simple, because the emphasis is also on time, losses, along with return, and chasing momentum is definitely hard.

So if you can tell what your initial thoughts were before starting, and how the strategy has evolved over the many weeks, how your outlook has evolved, any new learning etc.

I would like to know about your perspective, which you have now, because the returns are already known, and they are very good.

any update on the demerger?