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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jet Knitwears Ltd

About the Company - Jet Knitwears Ltd

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Basic Stock Data of Jet Knitwears Ltd

Last Updated: June 17, 2024, 8:28 pm

Market Cap 48.2 Cr.
Current Price 109
High / Low139/54.8
Stock P/E87.6
Book Value 51.0
Dividend Yield0.00 %
ROCE5.07 %
ROE2.51 %
Face Value 10.0
PEG Ratio-12.32

Jet Knitwears Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales24.0920.8418.6820.9820.5020.4318.9517.5517.31
Expenses22.0218.9617.0419.0418.7318.9317.2416.0315.89
Operating Profit2.071.881.641.941.771.501.711.521.42
OPM %8.59%9.02%8.78%9.25%8.63%7.34%9.02%8.66%8.20%
Other Income0.000.000.000.030.00-0.040.000.050.01
Interest0.590.610.440.520.500.540.550.610.55
Depreciation0.290.320.320.210.290.290.230.240.24
Profit before tax1.190.950.881.240.980.630.930.720.64
Tax %23.53%36.84%42.05%8.06%27.55%30.16%30.11%20.83%23.44%
Net Profit0.920.610.521.140.710.440.640.570.49
EPS in Rs2.091.381.182.591.611.001.451.291.11

Last Updated: June 7, 2024, 8:21 am

Jet Knitwears Ltd Quarterly Chart

Jet Knitwears Ltd Profit & Loss

Last Updated: June 2, 2024, 12:43 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales28.2834.7537.6136.7738.5442.5842.5845.9243.3338.1539.5035.0134.86
Expenses26.4832.8535.5934.3936.0939.7539.3742.2539.3734.5736.2231.7831.92
Operating Profit1.801.902.022.382.452.833.213.673.963.583.283.232.94
OPM %6.36%5.47%5.37%6.47%6.36%6.65%7.54%7.99%9.14%9.38%8.30%9.23%8.43%
Other Income0.030.110.020.01-0.040.050.020.010.000.03-0.040.050.06
Interest1.201.291.291.331.231.110.991.101.210.961.041.161.16
Depreciation0.410.460.460.560.560.570.620.570.600.530.580.470.48
Profit before tax0.220.260.290.500.621.201.622.012.152.121.621.651.36
Tax %31.82%34.62%31.03%38.00%33.87%34.17%25.93%27.36%28.84%21.70%29.01%26.67%
Net Profit0.160.170.200.300.410.791.201.451.531.661.151.211.06
EPS in Rs0.961.021.201.001.371.932.723.293.473.772.612.752.40
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Jet Knitwears Ltd Profit & Loss Yearly Chart

Jet Knitwears Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-7%
3 Years:-5%
TTM:-6%
Compounded Profit Growth
10 Years:11%
5 Years:-18%
3 Years:-31%
TTM:-53%
Stock Price CAGR
10 Years:%
5 Years:32%
3 Years:41%
1 Year:109%
Return on Equity
10 Years:7%
5 Years:6%
3 Years:5%
Last Year:3%

Last Updated: June 17, 2024, 2:58 pm

Jet Knitwears Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1.671.671.673.003.004.084.414.414.414.414.414.414.41
Reserves0.740.901.103.403.947.8610.5311.9813.5115.1716.3217.5318.02
Borrowings10.2011.1812.209.7911.818.8810.1410.1810.0313.1413.6113.9813.50
Other Liabilities3.173.593.074.063.234.075.277.396.125.596.304.595.14
Total Liabilities15.7817.3418.0420.2521.9824.8930.3533.9634.0738.3140.6440.5141.07
Fixed Assets2.372.322.592.562.162.222.582.522.342.141.761.571.91
CWIP0.000.000.000.000.000.000.000.000.000.000.000.250.00
Investments0.000.000.070.070.000.000.000.000.000.000.000.000.00
Other Assets13.4115.0215.3817.6219.8222.6727.7731.4431.7336.1738.8838.6939.16
Total Assets15.7817.3418.0420.2521.9824.8930.3533.9634.0738.3140.6440.5141.07

Jet Knitwears Ltd Reserves and Borrowings Chart

Jet Knitwears Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1.591.432.160.062.73-2.20-1.410.853.86-2.120.194.13
Cash from Investing Activity -1.05-0.40-0.80-0.53-0.09-0.62-0.97-0.51-0.43-0.33-0.20-0.54
Cash from Financing Activity -0.59-0.91-0.66-0.03-0.751.602.54-1.06-1.361.64-0.57-0.80
Net Cash Flow-0.050.120.70-0.511.88-1.220.17-0.712.08-0.81-0.582.78

Jet Knitwears Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days55.1156.7270.1783.1893.76119.92142.64148.56143.12162.65140.64151.28
Inventory Days159.46122.6383.25113.1284.8051.0087.97100.89120.17192.15243.33254.94
Days Payable56.3943.0035.9247.7139.5422.9635.3653.9534.0949.7057.7242.54
Cash Conversion Cycle158.18136.34117.50148.59139.03147.97195.25195.49229.19305.10326.25363.68
Working Capital Days129.07116.80109.37129.44131.74144.01180.36184.81191.22266.07280.45306.41
ROCE %11.83%11.76%11.00%11.75%10.93%11.47%11.33%12.04%12.33%10.09%8.05%7.88%

Jet Knitwears Ltd Financial Efficiency Indicators Chart

Jet Knitwears Ltd Share Holding Pattern

MonthJan 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Promoters68.07%68.07%68.21%68.21%68.21%68.21%68.21%68.21%68.21%68.21%68.21%68.21%
Public31.93%31.92%31.79%31.80%31.80%31.79%31.79%31.79%31.80%31.79%31.79%31.79%
No. of Shareholders239272259242234224215201170169169125

Jet Knitwears Ltd Shareholding Pattern Chart

No. of Jet Knitwears Ltd Shareholders

This stock is not held by any mutual fund

Jet Knitwears Ltd ROCE Trend

Jet Knitwears Ltd EPS Trend

Jet Knitwears Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.752.613.773.473.30
Diluted EPS (Rs.)2.752.613.773.473.30
Cash EPS (Rs.)3.823.934.974.834.59
Book Value[Excl.RevalReserv]/Share (Rs.)49.7747.0244.4140.6537.18
Book Value[Incl.RevalReserv]/Share (Rs.)49.7747.0244.4140.6537.18
Revenue From Operations / Share (Rs.)82.8392.8790.00101.94107.39
PBDIT / Share (Rs.)7.447.508.198.988.34
PBIT / Share (Rs.)6.386.186.997.627.04
PBT / Share (Rs.)3.743.664.814.884.55
Net Profit / Share (Rs.)2.752.613.773.473.30
PBDIT Margin (%)8.988.089.108.817.76
PBIT Margin (%)7.696.657.767.476.55
PBT Margin (%)4.513.945.344.784.24
Net Profit Margin (%)3.312.804.183.403.07
Return on Networth / Equity (%)5.525.548.488.528.86
Return on Capital Employeed (%)11.6611.3513.7617.9018.08
Return On Assets (%)2.992.824.334.404.28
Long Term Debt / Equity (X)0.080.140.130.030.03
Total Debt / Equity (X)0.630.650.630.550.62
Asset Turnover Ratio (%)0.891.041.091.311.47
Current Ratio (X)2.312.272.212.021.86
Quick Ratio (X)1.211.081.271.351.29
Inventory Turnover Ratio (X)1.301.952.502.914.07
Interest Coverage Ratio (X)2.823.173.763.283.35
Interest Coverage Ratio (Post Tax) (X)2.042.172.732.272.33
Enterprise Value (Cr.)38.1255.4418.8618.1328.40
EV / Net Operating Revenue (X)1.041.350.470.400.60
EV / EBITDA (X)11.6216.765.224.587.73
MarketCap / Net Operating Revenue (X)0.771.060.210.240.40
Price / BV (X)1.292.090.420.601.16
Price / Net Operating Revenue (X)0.771.060.210.240.40
EarningsYield0.040.020.190.140.07

Jet Knitwears Ltd Profitability Ratios (%)

Jet Knitwears Ltd Liquidity Ratios

Jet Knitwears Ltd Liquidity Ratios (%)

Jet Knitwears Ltd Interest Coverage Ratios (%)

Jet Knitwears Ltd Valuation Ratios

Fair Value

Fair Value: 114.38

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: 4.94% compared to the current price 109

Intrinsic Value: 106.25

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.

Overvalued: 2.52% compared to the current price ₹109

Last 5 Year EPS CAGR: -7.11%

*Investments are subject to market risks

Strength and Weakness of Jet Knitwears Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (38.30 cr) and profit (1.20 cr) over the years.
  1. The stock has a low average ROCE of 10.87%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 180.81, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 205.21, which may not be favorable.
  4. The company has higher borrowings (11.43) compared to reserves (9.31), which may suggest financial risk.

FAQ

What is the latest fair value of Jet Knitwears Ltd?

The latest fair value of Jet Knitwears Ltd is ₹114.38.

What is the Market Cap of Jet Knitwears Ltd?

The Market Cap of Jet Knitwears Ltd is 48.2 Cr..

What is the current Stock Price of Jet Knitwears Ltd as on 19 June 2024?

The current stock price of Jet Knitwears Ltd as on 19 June 2024 is ₹109.

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

In FY 2024, the High / Low of Jet Knitwears Ltd stocks is 139/54.8.

What is the Stock P/E of Jet Knitwears Ltd?

The Stock P/E of Jet Knitwears Ltd is 87.6.

What is the Book Value of Jet Knitwears Ltd?

The Book Value of Jet Knitwears Ltd is 51.0.

What is the Dividend Yield of Jet Knitwears Ltd?

The Dividend Yield of Jet Knitwears Ltd is 0.00 %.

What is the ROCE of Jet Knitwears Ltd?

The ROCE of Jet Knitwears Ltd is 5.07 %.

What is the ROE of Jet Knitwears Ltd?

The ROE of Jet Knitwears Ltd is 2.51 %.

What is the Face Value of Jet Knitwears Ltd?

The Face Value of Jet Knitwears 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 Knitwears 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