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Last Updated: December 4, 2025, 1:11 am
Author: Getaka|Social: XLinkedIn

Jet Airways (India) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,829.28Undervalued by 8,172.75%vs CMP ₹34.20

P/E (15.0) × ROE (15.0%) × BV (₹1,541.00) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹5,065.79Undervalued by 14,712.25%vs CMP ₹34.20
MoS: +99.3% (Strong)Confidence: 28/100 (Low)Models: 1 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹8,103.9563%Under (+23595.8%)
Revenue MultipleRevenue₹2.2038%Over (-93.6%)
Consensus (2 models)₹5,065.79100%Undervalued
Key Drivers: EPS CAGR 186.4% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 186.4% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

43
Jet Airways (India) Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -1.94 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 25.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-539% → -983%) DecliningWorking capital: -144,283 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): -3% YoY FlatOPM: -40.0% (up 2,735.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
3Y sales CAGR: -47% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: December 4, 2025, 1:11 am

Market Cap 388 Cr.
Current Price 34.2
Intrinsic Value₹5,065.79
High / Low /
Stock P/E
Book Value 1,541
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jet Airways (India) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jet Airways (India) Ltd 388 Cr. 34.2 / 1,5410.00 %%% 10.0
Global Vectra Helicorp Ltd 211 Cr. 151 284/129 3.220.00 %6.66 %2.97 % 10.0
Interglobe Aviation Ltd 1,61,635 Cr. 4,181 6,232/3,89535.7 2200.24 %17.3 %104 % 10.0
Industry Average54,078.00 Cr1,455.4035.70588.070.08%11.98%53.49%10.00

All Competitor Stocks of Jet Airways (India) Ltd

Quarterly Result

MetricJun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Sales 1010109744111111312121238
Expenses 10723648315660732023602802223553
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 Income 12317181-2412111032
Interest 41744311111111
Depreciation 53495639454543424240383536
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: January 11, 2026, 8:17 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 3, 2025, 2:12 pm

MetricMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales 14,81617,36017,30219,57322,03621,55223,28723,057333391365075
Expenses 14,79716,45318,75919,68819,70720,02423,26326,7181,871277491897590
Operating Profit 19908-1,457-1152,3281,52824-3,660-1,538-238-355-848-515
OPM % 0%5%-8%-1%11%7%0%-16%-461%-617%-260%-1,705%-689%
Other Income 637652-338-537081,476672-452-706311-23766
Interest 9711,11999788486885184398230229744
Depreciation 940927876762995671621442296196174156150
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)60.68%-654.73%50.55%164.72%26.32%-151.79%-620.83%48.68%94.65%-408.55%-29.62%
Change in YoY Net Profit Growth (%)0.00%-715.41%705.28%114.17%-138.40%-178.11%-469.05%669.51%45.97%-503.20%378.93%

Jet Airways (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

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:-20%
5 Years:4%
3 Years:-30%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 8:15 am

Balance Sheet

Last Updated: October 10, 2025, 2:19 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital 8686114114114114114114114114114114
Reserves 1,095-429-2,341-4,204-3,128-6,589-7,356-12,809-15,693-15,846-16,618-17,620
Borrowings 13,11911,24910,44811,90310,8139,0788,4037,6848,6593,5863,5463,561
Other Liabilities 6,5808,13310,52911,56211,91310,07511,35916,12613,89318,33718,71819,577
Total Liabilities 20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632
Fixed Assets 13,78210,7779,6359,2318,8054,8953,6083,3431,8911,2441,071891
CWIP 2001947092500000
Investments 1,6461,6461,6416961,1961,231697696696696696696
Other Assets 5,4496,6167,4739,4289,7075,8418,1917,0764,3844,2513,9934,045
Total Assets 20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632

Reserves and Borrowings Chart

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
Free Cash Flow 2,4043,7301,3525162,2662,2998221,569-2,61356611827
CFO/OP 12,225%206%-67%-468%109%57%7,006%-52%171%-32%-15%-2%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow6.00897.00-11.00-126.00-8.00-8.0016.00-10.00-9.00-241.00-358.00-851.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days 312526262723207132421139
Inventory Days
Days Payable
Cash Conversion Cycle 312526262723207132421139
Working Capital Days -186-173-216-205-165-142-132-273-20,253-171,120-50,263-144,283
ROCE %-3%2%-21%-4%25%35%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Dec 2025
Promoters 24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%
FIIs 0.21%0.22%0.22%0.20%0.21%0.21%0.21%0.21%0.01%0.01%0.01%0.01%
DIIs 28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%
Public 46.64%46.63%46.64%46.66%46.66%46.65%46.65%46.63%46.84%46.84%46.84%46.84%
No. of Shareholders 1,66,5051,64,3701,62,1481,59,2121,55,9191,53,7591,51,5251,49,2991,48,1291,48,8561,48,8341,48,813

Shareholding Pattern Chart

No. of Shareholders

Jet Airways (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 18Mar 17Mar 16Mar 15Mar 14
FaceValue 10.0010.0010.0010.0010.00
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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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

Jet Airways (India) Ltd. Share Price Update

Share PriceValue
Today₹45.90
Previous Day₹46.59

FAQ

What is the intrinsic value of Jet Airways (India) Ltd and is it undervalued?

As of 14 April 2026, Jet Airways (India) Ltd's intrinsic value is ₹5065.79, which is 14712.25% higher than the current market price of ₹34.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹1,541), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jet Airways (India) Ltd?

Jet Airways (India) Ltd is trading at ₹34.20 as of 14 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹388 Cr..

How does Jet Airways (India) Ltd's P/E ratio compare to its industry?

Jet Airways (India) Ltd has a P/E ratio of , which is below the industry average of 35.70. This is broadly in line with or below the industry average.

Is Jet Airways (India) Ltd financially healthy?

Key indicators for Jet Airways (India) Ltd: ROCE of % is on the lower side compared to the industry average of 11.98%; ROE of % is below ideal levels (industry average: 53.49%). Dividend yield is 0.00 %.

Is Jet Airways (India) Ltd profitable and how is the profit trend?

Jet Airways (India) Ltd reported a net profit of ₹-1,002 Cr in Mar 2023 on revenue of ₹50 Cr. Compared to ₹-2,841 Cr in Mar 2020, the net profit shows a mixed trend.

Does Jet Airways (India) Ltd pay dividends?

Jet Airways (India) Ltd has a dividend yield of 0.00 % at the current price of ₹34.20. The company is currently not paying meaningful dividends.

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
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