Fundamental Analysis of Jet Freight Logistics Ltd

Share Price and Basic Stock Data

Last Updated: September 6, 2024, 11:39 pm

Market Cap	88.1 Cr.
Current Price	19.2
High / Low	24.9/9.20
Stock P/E	22.6
Book Value	13.5
Dividend Yield	0.00 %
ROCE	4.56 %
ROE	0.64 %
Face Value	5.00
PEG Ratio	1.07

Data Source: screener.in

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

Stock P/E Current Price Intrinsic Value

Competitors of Jet Freight Logistics Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Flomic Global Logistics Ltd	123 Cr.	67.9	97.3/61.0	184	23.9	0.00 %	8.64 %	5.18 %	10.0
East West Holdings Ltd	89.8 Cr.	7.04	11.5/4.65	14.6	5.07	0.00 %	19.8 %	9.06 %	2.00
DJ Mediaprint & Logistics Ltd	407 Cr.	125	127/42.7	67.6	10.3	0.05 %	19.0 %	16.2 %	10.0
Delhivery Ltd	30,442 Cr.	411	488/354		124	0.00 %	1.73 %	2.94 %	1.00
Chartered Logistics Ltd	108 Cr.	10.8	12.6/4.65	49.2	4.52	0.00 %	5.16 %	1.50 %	1.00
Industry Average	4,930.19	N/A		77.87	N/A	N/A	10.13	15.84	N/A

Jet Freight Logistics Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	87.98	105.38	113.44	107.31	129.66	106.64	133.44	103.94	86.98	92.63	113.55	88.24	90.52
Expenses	86.57	100.17	110.06	105.34	127.27	103.63	130.16	103.14	87.43	88.26	114.73	87.84	87.49
Operating Profit	1.41	5.21	3.38	1.97	2.39	3.01	3.28	0.80	-0.45	4.37	-1.18	0.40	3.03
OPM %	1.60%	4.94%	2.98%	1.84%	1.84%	2.82%	2.46%	0.77%	-0.52%	4.72%	-1.04%	0.45%	3.35%
Other Income	0.12	0.20	0.08	0.11	0.12	0.22	0.11	0.23	0.17	0.20	0.17	-1.80	2.79
Interest	0.96	0.93	0.87	1.06	1.11	1.00	1.21	1.22	1.25	1.37	1.38	1.31	1.37
Depreciation	0.53	0.55	0.63	0.68	0.72	0.72	0.69	0.74	0.70	0.68	0.66	0.68	0.58
Profit before tax	0.04	3.93	1.96	0.34	0.68	1.51	1.49	-0.93	-2.23	2.52	-3.05	-3.39	3.87
Tax %	200.00%	29.77%	31.12%	47.06%	35.29%	44.37%	31.54%	96.77%	12.56%	59.52%	0.66%	0.00%	-10.34%
Net Profit	-0.04	2.76	1.36	0.18	0.44	0.84	1.02	-0.03	-1.95	1.02	-3.03	-3.40	4.27
EPS in Rs	-0.01	0.59	0.29	0.04	0.09	0.18	0.22	-0.01	-0.42	0.22	-0.65	-0.73	0.92

Last Updated: July 11, 2024, 9:49 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 9, 2024, 6:52 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	29	123	119	143	207	194	252	338	300	347	457	417	385
Expenses	28	121	116	142	202	185	241	327	303	337	446	409	378
Operating Profit	1	2	3	1	4	9	11	10	-4	9	11	8	7
OPM %	3%	2%	2%	1%	2%	5%	4%	3%	-1%	3%	2%	2%	2%
Other Income	0	0	0	3	0	0	0	0	1	1	0	1	1
Interest	0	2	2	2	2	3	3	4	5	4	4	5	5
Depreciation	0	0	0	1	1	1	1	1	1	2	3	3	3
Profit before tax	0	0	1	1	2	6	8	6	-9	4	4	1	-0
Tax %	27%	66%	41%	33%	38%	36%	32%	29%	1%	35%	37%	92%
Net Profit	0	0	1	1	1	4	5	4	-9	3	3	0	-1
EPS in Rs	0.01	0.01	0.02	0.02	0.03	0.89	1.20	0.93	-1.85	0.54	0.61	0.01	-0.24
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	3%	0%	0%	4%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	0.00%	0.00%	300.00%	25.00%	-20.00%	-325.00%	133.33%	0.00%	-100.00%
Change in YoY Net Profit Growth (%)	0.00%	0.00%	300.00%	-275.00%	-45.00%	-305.00%	458.33%	-133.33%	-100.00%

Jet Freight Logistics Ltd Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	3%
3 Years:	4%
TTM:	-7%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-767%

Stock Price CAGR
10 Years:	%
5 Years:	5%
3 Years:	-1%
1 Year:	31%

Return on Equity
10 Years:	5%
5 Years:	-2%
3 Years:	2%
Last Year:	-1%

Last Updated: July 26, 2024, 4:58 pm

Balance Sheet

Last Updated: August 9, 2024, 6:52 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	4	4	4	4	5	6	12	12	12	12	23	23
Reserves	1	1	2	3	8	16	14	6	10	13	39	39
Borrowings	11	14	14	15	17	30	43	37	31	49	61	56
Other Liabilities	10	12	15	23	27	24	24	33	46	36	31	52
Total Liabilities	25	31	35	45	58	75	94	88	98	110	154	171
Fixed Assets	7	7	6	6	12	12	15	14	29	31	31	27
CWIP	0	0	0	0	0	0	0	1	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	18	24	29	39	46	63	78	72	69	79	123	143
Total Assets	25	31	35	45	58	75	94	88	98	110	154	171

Reserves and Borrowings Chart

Jet Freight Logistics Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	2	1	-0	3	2	-13	-1	13	10	-11	-39	17
Cash from Investing Activity	-4	-0	-0	-1	-6	-1	-8	-1	-1	-4	-4	-6
Cash from Financing Activity	1	-1	-1	1	4	12	10	-11	-10	14	43	-11
Net Cash Flow	-2	0	-1	3	0	-1	1	1	-1	-0	-0	0

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	1.00	-9.00	-11.00	-13.00	-11.00	-8.00	-19.00	-33.00	-41.00	-22.00	-38.00	-53.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	39	58	57	51	67	83	70	63	42	33	39	65
Inventory Days	0	0	0	0	0	0	0	0
Days Payable
Cash Conversion Cycle	39	58	57	51	67	83	70	63	42	33	39	65
Working Capital Days	12	23	16	12	20	50	45	24	-2	8	20	27
ROCE %	15%	15%	15%	18%	33%	26%	16%	-7%	14%	14%	6%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	69.66%	69.91%	70.15%	70.15%	51.18%	51.18%	51.18%	51.18%	51.18%	51.18%	50.92%	50.92%
Public	30.35%	30.09%	29.85%	29.85%	48.82%	48.82%	48.81%	48.81%	48.81%	48.81%	49.09%	49.09%
No. of Shareholders	202	680	2,453	3,764	6,680	14,843	17,291	17,418	17,347	18,760	20,724	21,003

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.04	-0.09	2.56	3.85	-8.87
Diluted EPS (Rs.)	0.04	-0.09	2.56	3.85	-8.87
Cash EPS (Rs.)	0.52	0.52	4.97	4.98	-7.75
Book Value[Excl.RevalReserv]/Share (Rs.)	13.06	13.81	22.82	16.56	16.93
Book Value[Incl.RevalReserv]/Share (Rs.)	13.06	13.81	22.82	16.56	16.93
Revenue From Operations / Share (Rs.)	86.47	91.94	397.82	303.30	261.62
PBDIT / Share (Rs.)	1.70	1.83	10.02	6.84	-4.02
PBIT / Share (Rs.)	1.21	1.22	7.61	5.71	-5.14
PBT / Share (Rs.)	0.03	0.08	4.01	2.27	-8.98
Net Profit / Share (Rs.)	0.03	-0.08	2.56	3.85	-8.87
NP After MI And SOA / Share (Rs.)	0.03	-0.08	2.56	3.85	-8.87
PBDIT Margin (%)	1.96	1.99	2.51	2.25	-1.53
PBIT Margin (%)	1.39	1.32	1.91	1.88	-1.96
PBT Margin (%)	0.03	0.08	1.00	0.74	-3.43
Net Profit Margin (%)	0.04	-0.09	0.64	1.26	-3.38
NP After MI And SOA Margin (%)	0.04	-0.09	0.64	1.26	-3.38
Return on Networth / Equity (%)	0.27	-0.64	11.23	23.24	-52.38
Return on Capital Employeed (%)	7.26	7.05	21.67	20.68	-19.60
Return On Assets (%)	0.09	-0.26	2.61	4.67	-11.29
Long Term Debt / Equity (X)	0.25	0.24	0.51	0.68	0.47
Total Debt / Equity (X)	0.90	0.93	1.85	1.51	1.82
Asset Turnover Ratio (%)	2.45	3.12	4.45	3.77	3.24
Current Ratio (X)	1.46	0.87	0.72	1.01	1.00
Quick Ratio (X)	1.46	0.87	0.72	1.01	1.00
Dividend Payout Ratio (NP) (%)	0.00	0.00	3.90	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	0.00	2.01	0.00	0.00
Earning Retention Ratio (%)	0.00	0.00	96.10	0.00	0.00
Cash Earning Retention Ratio (%)	0.00	0.00	97.99	0.00	0.00
Interest Coverage Ratio (X)	1.29	1.61	2.78	1.98	-1.05
Interest Coverage Ratio (Post Tax) (X)	0.91	0.92	1.71	2.12	-1.31
Enterprise Value (Cr.)	99.00	103.45	124.96	45.08	47.55
EV / Net Operating Revenue (X)	0.24	0.24	0.27	0.12	0.15
EV / EBITDA (X)	12.55	12.16	10.75	5.68	-10.19
MarketCap / Net Operating Revenue (X)	0.14	0.12	0.17	0.05	0.05
Retention Ratios (%)	0.00	0.00	96.09	0.00	0.00
Price / BV (X)	0.94	0.85	2.96	1.01	0.77
Price / Net Operating Revenue (X)	0.14	0.12	0.17	0.05	0.05
EarningsYield	0.00	-0.01	0.03	0.23	-0.67

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹1.99

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.

Overvalued: 89.64% compared to the current price ₹19.20

Intrinsic Value: 2.41

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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 87.45% compared to the current price ₹19.20

Last 5 Year EPS CAGR: 21.15%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 21.25, which is a positive sign. The company has shown consistent growth in sales (254.69 cr) and profit (1.85 cr) over the years.	The stock has a low average ROCE of 14.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 55.58, which may not be favorable. The company has higher borrowings (31.50) compared to reserves (12.67), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Jet Freight Logistics Ltd:
1. Net Profit Margin: 0.04%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7.26% (Industry Average ROCE: 10.13%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0.27% (Industry Average ROE: 15.84%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0.91
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.46
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 22.6 (Industry average Stock P/E: 77.87)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.9
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Jet Freight Logistics Ltd. is a Public Limited Listed company incorporated on 13/04/2006 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L63090MH2006PLC161114 and registration number is 161114. Currently Company is involved in the business activities of Freight air transport. Company’s Total Operating Revenue is Rs. 457.05 Cr. and Equity Capital is Rs. 11.60 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Logistics - Warehousing/Supply Chain/Others	C/706, Pramukh Plaza, Opp. Holy Family Church, Mumbai Maharashtra 400099	ir@jfll.com http://www.jfll.com

Management
Name	Position Held
Mr. Richard Francis Theknath	Chairman & Managing Director
Mr. Dax Francis Theknath	Executive Director
Mrs. Agnes Francis Theknath	Non Executive Woman Director
Mr. Keki Cusrow Patel	Independent Director
Ms. Kamalika Guha Roy	Independent Director
Mr. Ajay Madhusudan Gandeja	Additional Director
Mr. Rushabh Prashant Patil	Independent Director

FAQ

What is the latest fair value of Jet Freight Logistics Ltd?

The latest fair value of Jet Freight Logistics Ltd is ₹1.99.

What is the Market Cap of Jet Freight Logistics Ltd?

The Market Cap of Jet Freight Logistics Ltd is 88.1 Cr..

What is the current Stock Price of Jet Freight Logistics Ltd as on 07 September 2024?

The current stock price of Jet Freight Logistics Ltd as on 07 September 2024 is 19.2.

What is the High / Low of Jet Freight Logistics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jet Freight Logistics Ltd stocks is 24.9/9.20.

What is the Stock P/E of Jet Freight Logistics Ltd?

The Stock P/E of Jet Freight Logistics Ltd is 22.6.

What is the Book Value of Jet Freight Logistics Ltd?

The Book Value of Jet Freight Logistics Ltd is 13.5.

What is the Dividend Yield of Jet Freight Logistics Ltd?

The Dividend Yield of Jet Freight Logistics Ltd is 0.00 %.

What is the ROCE of Jet Freight Logistics Ltd?

The ROCE of Jet Freight Logistics Ltd is 4.56 %.

What is the ROE of Jet Freight Logistics Ltd?

The ROE of Jet Freight Logistics Ltd is 0.64 %.

What is the Face Value of Jet Freight Logistics Ltd?

The Face Value of Jet Freight Logistics Ltd is 5.00.