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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Jet Airways (India) Ltd

About the Company - Jet Airways (India) Ltd

Jet Airways (India) Ltd. is a Public Limited Listed company incorporated on 01/04/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1992PLC066213 and registration number is 066213. Currently Company is involved in the business activities of Passenger airways. Company’s Total Operating Revenue is Rs. 136.43 Cr. and Equity Capital is Rs. 113.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
AirlinesSiroya Centre, Sahar Airport Road, Mumbai Maharashtra 400099companysecretary@jetairways.com
http://www.jetairways.com
Management
NamePosition Held
Mr. Naresh GoyalChairman
Mrs. Anita Naresh GoyalNon Executive Director
Mr. Kevin KnightNon Executive Director

Basic Stock Data of Jet Airways (India) Ltd

Last Updated: July 24, 2024, 11:05 pm

Market Cap 463 Cr.
Current Price 41.0
High / Low75.3/39.1
Stock P/E
Book Value 1,541
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Data Source: screener.in

Jet Airways (India) Ltd Quarterly Results

MonthJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Sales1010109744111111312121238
Expenses10723648315660732023602802223553
Operating Profit-98-13-55-73-83-19-62-191-348-268-210-22-15
OPM %-997%-129%-572%-781%-112%-46%-585%-1,740%-2,775%-2,151%-1,697%-180%-40%
Other Income12317181-2412111032
Interest41744311111111
Depreciation53495639454543424240383536
Profit before tax-153152-44-107-129-306-104-234-390-308-249-55-51
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-153152-44-107-129-306-104-234-390-308-249-55-51
EPS in Rs-13.5013.42-3.88-9.42-11.35-26.92-9.17-20.57-34.34-27.13-21.90-4.84-4.46

Last Updated: July 10, 2024, 6:39 pm

Jet Airways (India) Ltd Quarterly Chart

Jet Airways (India) Ltd Profit & Loss

Last Updated: July 10, 2024, 6:39 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales14,81617,36017,30219,57322,03621,55223,28723,057333391365075
Expenses14,79716,45318,75919,68819,70720,02423,26326,7181,871277491897590
Operating Profit19908-1,457-1152,3281,52824-3,660-1,538-238-355-848-515
OPM %0%5%-8%-1%11%7%0%-16%-461%-617%-260%-1,705%-689%
Other Income637652-338-537081,476672-452-706311-23766
Interest9711,11999788486885184398230229744
Depreciation940927876762995671621442296196174156150
Profit before tax-1,255-486-3,668-1,8141,1741,482-768-5,536-2,841-152-773-1,002-663
Tax %2%-0%0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
Net Profit-1,236-486-3,668-1,8141,1741,483-768-5,536-2,841-152-773-1,002-663
EPS in Rs-143.18-56.24-322.88-159.66103.31130.51-67.57-487.31-250.13-13.38-68.01-88.21-58.33
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Jet Airways (India) Ltd Profit & Loss Yearly Chart

Jet Airways (India) Ltd Growth

Compounded Sales Growth
10 Years:-44%
5 Years:-71%
3 Years:-47%
TTM:0%
Compounded Profit Growth
10 Years:-1%
5 Years:-7%
3 Years:15%
TTM:16%
Stock Price CAGR
10 Years:-17%
5 Years:1%
3 Years:-21%
1 Year:-8%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: July 24, 2024, 5:35 pm

Jet Airways (India) Ltd Balance Sheet

Last Updated: July 10, 2024, 6:39 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital8686114114114114114114114114114114
Reserves1,095-429-2,341-4,204-3,128-6,589-7,356-12,809-15,693-15,846-16,618-17,620
Borrowings13,11911,24910,44811,90310,8139,0788,4037,6848,6593,5863,5463,561
Other Liabilities6,5808,13310,52911,56211,91310,07511,35916,12613,89318,33718,71819,577
Total Liabilities20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632
Fixed Assets13,78210,7779,6359,2318,8054,8953,6083,3431,8911,2441,071891
CWIP2001947092500000
Investments1,6461,6461,6416961,1961,231697696696696696696
Other Assets5,4496,6167,4739,4289,7075,8418,1917,0764,3844,2513,9934,045
Total Assets20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632

Jet Airways (India) Ltd Reserves and Borrowings Chart

Jet Airways (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2,2411,8399215282,5319611,6981,834-2,620765314
Cash from Investing Activity 2931,677-342-173-7391,645-359329174926814
Cash from Financing Activity -2,610-3,444-427305-2,438-2,379-1,555-1,9821,606-456-4611
Net Cash Flow-7673153660-645227-216-117-961137539

Jet Airways (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days312526262723207132421139
Inventory Days
Days Payable
Cash Conversion Cycle312526262723207132421139
Working Capital Days-135-132-173-137-115-138-129-248-16,327-137,250-40,789-118,286
ROCE %-3%2%-21%-4%25%35%4%

Jet Airways (India) Ltd Financial Efficiency Indicators Chart

Jet Airways (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%
FIIs0.21%0.18%0.18%0.18%0.20%0.21%0.22%0.22%0.20%0.21%0.21%0.21%
DIIs28.15%26.08%26.08%26.08%26.08%28.15%28.15%28.15%28.15%28.15%28.15%28.15%
Public46.65%48.75%48.75%48.75%48.73%46.64%46.63%46.64%46.66%46.66%46.65%46.65%
No. of Shareholders1,56,4811,69,1861,69,6631,68,0321,69,9041,66,5051,64,3701,62,1481,59,2121,55,9191,53,7591,51,525

Jet Airways (India) Ltd Shareholding Pattern Chart

No. of Jet Airways (India) Ltd Shareholders

This stock is not held by any mutual fund

Jet Airways (India) Ltd ROCE Trend

Jet Airways (India) Ltd EPS Trend

Jet Airways (India) Ltd Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-56.03131.93106.66-184.64-429.32
Diluted EPS (Rs.)-56.03131.93106.66-184.64-429.32
Cash EPS (Rs.)-9.14186.36193.50-117.61-286.17
Book Value[Excl.RevalReserv]/Share (Rs.)-628.44-572.64-486.43-584.52-395.27
Book Value[Incl.RevalReserv]/Share (Rs.)-628.44-572.64-458.67-556.76-367.51
Revenue From Operations / Share (Rs.)2157.631997.591954.841845.561675.69
PBDIT / Share (Rs.)65.59261.93258.3829.72-127.64
PBIT / Share (Rs.)10.91202.81170.68-37.65-204.91
PBT / Share (Rs.)-63.81127.22105.81-184.98-363.45
Net Profit / Share (Rs.)-63.81127.24105.80-184.98-363.44
NP After MI And SOA / Share (Rs.)-56.02131.93106.66-184.63-363.54
PBDIT Margin (%)3.0413.1113.211.61-7.61
PBIT Margin (%)0.5010.158.73-2.03-12.22
PBT Margin (%)-2.956.365.41-10.02-21.68
Net Profit Margin (%)-2.956.365.41-10.02-21.68
NP After MI And SOA Margin (%)-2.596.605.45-10.00-21.69
Return on Networth / Equity (%)0.00-23.03-21.920.000.00
Return on Capital Employeed (%)-7.99243.1085.09-25.09-77.95
Return On Assets (%)-4.9111.637.00-12.26-24.13
Long Term Debt / Equity (X)-0.71-1.07-1.12-0.99-1.46
Total Debt / Equity (X)-0.74-1.11-1.67-1.54-1.94
Asset Turnover Ratio (%)1.831.441.171.090.94
Current Ratio (X)0.500.450.420.370.31
Quick Ratio (X)0.460.410.350.310.25
Interest Coverage Ratio (X)0.873.473.320.36-1.34
Interest Coverage Ratio (Post Tax) (X)0.142.682.19-0.46-2.15
Enterprise Value (Cr.)10853.6411652.9813957.1813633.5710329.91
EV / Net Operating Revenue (X)0.440.510.620.650.54
EV / EBITDA (X)14.573.924.7640.38-7.12
MarketCap / Net Operating Revenue (X)0.280.260.270.260.14
Price / BV (X)-0.96-0.91-1.12-0.83-0.62
Price / Net Operating Revenue (X)0.280.260.270.260.14
EarningsYield-0.090.250.19-0.37-1.46

Jet Airways (India) Ltd Profitability Ratios (%)

Jet Airways (India) Ltd Liquidity Ratios

Jet Airways (India) Ltd Liquidity Ratios (%)

Jet Airways (India) Ltd Interest Coverage Ratios (%)

Jet Airways (India) Ltd Valuation Ratios

Fair Value

Fair Value: 3,536.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8,525.84% compared to the current price 41

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 10,129.94

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 24,607.16% compared to the current price 41

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 186.43%

*Investments are subject to market risks

Strength and Weakness of Jet Airways (India) Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -126.50, which is a positive sign.
  1. The stock has a low average ROCE of 3.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 40.83, which may not be favorable.
  3. The company has higher borrowings (8,504.08) compared to reserves (-8,461.50), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (60.69) and profit (-219.46).

FAQ

What is the latest fair value of Jet Airways (India) Ltd?

The latest fair value of Jet Airways (India) Ltd is ₹3536.59.

What is the Market Cap of Jet Airways (India) Ltd?

The Market Cap of Jet Airways (India) Ltd is 463 Cr..

What is the current Stock Price of Jet Airways (India) Ltd as on 25 July 2024?

The current stock price of Jet Airways (India) Ltd as on 25 July 2024 is 41.0.

What is the High / Low of Jet Airways (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jet Airways (India) Ltd stocks is 75.3/39.1.

What is the Stock P/E of Jet Airways (India) Ltd?

The Stock P/E of Jet Airways (India) Ltd is .

What is the Book Value of Jet Airways (India) Ltd?

The Book Value of Jet Airways (India) Ltd is 1,541.

What is the Dividend Yield of Jet Airways (India) Ltd?

The Dividend Yield of Jet Airways (India) Ltd is 0.00 %.

What is the ROCE of Jet Airways (India) Ltd?

The ROCE of Jet Airways (India) Ltd is %.

What is the ROE of Jet Airways (India) Ltd?

The ROE of Jet Airways (India) Ltd is %.

What is the Face Value of Jet Airways (India) Ltd?

The Face Value of Jet Airways (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jet Airways (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE