BSE: 538794 | NSE: | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jet Solar Ltd is a below average quality company.
The key valuation ratios of Jet Solar Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jet Solar Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.9% | 8.4% | 6.7% | 6% | 3.9% | -3.5% | -2.9% | 1.3% | 1% | 1.4% | - |
| Value Creation Index ⓘ | 0.1 | -0.4 | -0.5 | -0.6 | -0.7 | -1.3 | -1.2 | -0.9 | -0.9 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 8.4 | 7 | 2.5 | 2.3 | 2.8 | 0.4 | 0.2 | 0.4 | 0.5 | 0.4 | 0 |
| Sales YoY Gr. | - | -17.1% | -63.9% | -7.9% | 18% | -84% | -65.9% | 140% | 27.8% | -23.9% | - |
| Adj EPS ⓘ | 1.3 | 0.7 | 0.3 | 0.4 | 0.2 | -1 | -1 | 0.1 | 0.1 | 0.1 | 0.1 |
| YoY Gr. | - | -43.9% | -57.5% | 19.4% | -54.1% | -670.6% | NA | NA | 30% | 7.7% | - |
| BVPS (₹) ⓘ | 13.5 | 14.3 | 14.6 | 14.9 | 15 | 14.1 | 13.1 | 13.2 | 13.4 | 13.5 | 16.8 |
| Adj Net Profit ⓘ | 0.6 | 0.3 | 0.1 | 0.2 | 0.1 | -0.4 | -0.4 | 0 | 0.1 | 0.1 | 0 |
| Cash Flow from Ops. ⓘ | 3.7 | -0.9 | 1.5 | 0.1 | -0.8 | -0.9 | -0.1 | 1 | -0.3 | -0.3 | - |
| Debt/CF from Ops. ⓘ | 0.3 | -4 | 2.3 | 40.2 | -2.2 | -1.9 | -15 | 0.4 | -2.1 | -1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -29.8% | -33.8% | 32.6% | -23.9% | ||||
| Adj EPS ⓘ | -21.9% | -3.8% | NA | 7.7% | ||||
| BVPSⓘ | -0% | -2.1% | 0.9% | 1.1% | ||||
| Share Price | 3.3% | 2% | 4.7% | 312.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.2 | 5.3 | 2.1 | 2.5 | 1.1 | -6.7 | -7 | 0.8 | 1 | 1.1 | 0.4 |
| Op. Profit Mgn % ⓘ | 9.1 | 3.2 | -4.2 | -13.8 | -10.5 | -164.2 | -380.1 | -21.8 | -24.7 | -45.6 | NAN |
| Net Profit Mgn % ⓘ | 6.5 | 4.4 | 5.1 | 6.7 | 2.5 | -92.9 | -266.4 | 11.4 | 12.3 | 16.8 | 17.2 |
| Debt to Equity ⓘ | 0.2 | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | - |
| Working Cap Days ⓘ | 372 | 420 | 1,324 | 1,492 | 1,125 | 6,709 | 18,227 | 6,937 | 5,318 | 7,240 | 0 |
| Cash Conv. Cycle ⓘ | 300 | 203 | 409 | 279 | 249 | 2,001 | 6,016 | 2,323 | 1,984 | 2,946 | 0 |
Sales growth is growing at healthy rate in last 3 years 32.64%
Return on Equity has declined versus last 3 years average to 0.40%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.1 | - |
| TTM Sales (₹ Cr.) | 0.4 | - |
| BVPS (₹.) ⓘ | 16.8 | - |
| Reserves (₹ Cr.) ⓘ | 7 | - |
| P/BV ⓘ | 2.63 | - |
| PE ⓘ | 744.56 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 8.50 / 44.07 |
| All Time Low / High (₹) | 7.76 / 54.90 |
| Market Cap (₹ Cr.) | 44.3 |
| Equity (₹ Cr.) | 10.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 80.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.25 | 11.25 | 13.53 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.44 | 7 | 2.53 | 2.33 | 2.75 | 0.44 | 0.15 | 0.36 | 0.46 | 0.35 |
| Operating Expenses ⓘ | 7.67 | 6.78 | 2.64 | 2.70 | 3.04 | 1.15 | 0.72 | 0.44 | 0.57 | 0.51 |
| Manufacturing Costs | 0.07 | 0.04 | 0.04 | 0.08 | 0.61 | 0.23 | 0.10 | 0.03 | 0.11 | 0.03 |
| Material Costs | 5.97 | 5.29 | 1.25 | 1.26 | 1.23 | -0.06 | 0.04 | -0.12 | -0.25 | 0.06 |
| Employee Cost | 0.74 | 0.84 | 0.98 | 0.91 | 0.86 | 0.85 | 0.43 | 0.43 | 0.51 | 0.33 |
| Other Costs ⓘ | 0.88 | 0.61 | 0.37 | 0.46 | 0.34 | 0.13 | 0.16 | 0.10 | 0.20 | 0.10 |
| Operating Profit ⓘ | 0.77 | 0.22 | -0.11 | -0.38 | -0.29 | -0.72 | -0.57 | -0.08 | -0.11 | -0.16 |
| Operating Profit Margin (%) | 9.1% | 3.2% | -4.2% | -16.3% | -10.5% | -164.0% | -380.0% | -21.8% | -24.7% | -45.6% |
| Other Income ⓘ | 0.19 | 0.49 | 0.76 | 0.92 | 0.61 | 0.46 | 0.37 | 0.17 | 0.18 | 0.26 |
| Interest ⓘ | 0.12 | 0.23 | 0.43 | 0.35 | 0.21 | 0.17 | 0.17 | 0.05 | 0 | 0.03 |
| Depreciation ⓘ | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.81 | 0.46 | 0.21 | 0.17 | 0.11 | -0.44 | -0.39 | 0.04 | 0.06 | 0.06 |
| Tax ⓘ | 0.26 | 0.15 | 0.08 | 0.06 | 0.04 | -0.03 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0.54 | 0.31 | 0.13 | 0.12 | 0.07 | -0.41 | -0.39 | 0.04 | 0.06 | 0.06 |
| PAT Margin (%) | 6.5% | 4.4% | 5.1% | 5.0% | 2.5% | -92.9% | -259.0% | 11.4% | 12.3% | 16.8% |
| Adjusted EPS (₹) | 1.3 | 0.7 | 0.3 | 0.3 | 0.2 | -1.0 | -0.9 | 0.1 | 0.1 | 0.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.68 | 5.98 | 6.11 | 6.23 | 6.30 | 5.89 | 5.50 | 5.54 | 5.60 | 5.66 |
| Share Capital ⓘ | 1.05 | 1.05 | 1.05 | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 4.19 |
| Reserves ⓘ | 4.63 | 4.93 | 5.06 | 5.18 | 4.20 | 3.80 | 3.41 | 3.45 | 3.50 | 1.47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1.05 | 3.78 | 3.29 | 1.98 | 1.84 | 1.64 | 1.80 | 0.38 | 0.69 | 0.44 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 1.05 | 3.78 | 3.29 | 1.98 | 1.84 | 1.64 | 1.80 | 0.38 | 0.69 | 0.44 |
| Trade Payables | 1.01 | 0.61 | 1.15 | 0.43 | 0.36 | 0.14 | 0.15 | 0.15 | 0.19 | 0.10 |
| Others Liabilities ⓘ | 2.81 | 0.19 | 0.14 | 0.11 | 0.30 | 0.42 | 0.49 | 0.63 | 0.95 | 1 |
| Total Liabilities ⓘ | 10.55 | 10.55 | 10.69 | 8.75 | 8.80 | 8.10 | 7.95 | 6.71 | 7.42 | 7.21 |
Fixed Assets | ||||||||||
| Gross Block | 0.29 | 0.29 | 0.31 | 0.31 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Accumulated Depreciation | 0.13 | 0.15 | 0.17 | 0.18 | 0.19 | 0.21 | 0.22 | 0.23 | 0.24 | 0.24 |
| Net Fixed Assetsⓘ | 0.16 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.10 | 0.10 | 0.09 | 0.08 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 4.88 | 0.99 | 1.03 | 1.02 | 1.81 | 1.89 | 1.85 | 1.97 | 2.23 | 2.17 |
| Trade Receivables | 1.36 | 3.29 | 2.14 | 0.95 | 0.66 | 0.64 | 0.64 | 0.35 | 0.69 | 0.72 |
| Cash Equivalents | 2.20 | 2.49 | 0.09 | 0.06 | 0.29 | 0.30 | 0.53 | 0.22 | 0.38 | 0.07 |
| Others Assetsⓘ | 1.95 | 3.64 | 7.29 | 6.59 | 5.91 | 5.15 | 4.82 | 4.07 | 4.04 | 4.17 |
| Total Assets ⓘ | 10.55 | 10.55 | 10.69 | 8.75 | 8.80 | 8.10 | 7.95 | 6.71 | 7.42 | 7.21 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.66 | -0.93 | 1.45 | 0.05 | -0.83 | -0.85 | -0.12 | 0.99 | -0.33 | -0.29 |
| PBT ⓘ | 0.81 | 0.46 | 0.21 | 0.17 | 0.11 | -0.44 | -0.39 | 0.04 | 0.06 | 0.06 |
| Adjustment ⓘ | 0.04 | -0.22 | -0.35 | -0.54 | -0.41 | -0.29 | -0.17 | -0.13 | -0.17 | -0.23 |
| Changes in Working Capital ⓘ | 3.26 | -1.06 | 1.64 | 0.43 | -0.53 | -0.16 | 0.44 | 1.07 | -0.21 | -0.13 |
| Tax Paid ⓘ | -0.45 | -0.11 | -0.05 | -0.01 | 0 | 0.03 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2.78 | -0.52 | -2.74 | 1.58 | 1.39 | 1.23 | 0.35 | 0.17 | 0.18 | 0.26 |
| Capex | -0.01 | 0 | -0.01 | 0 | -0.01 | -0.01 | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -2.77 | -0.51 | -2.73 | 1.58 | 1.40 | 1.23 | 0.35 | 0.17 | 0.18 | 0.26 |
| Cash Flow From Financing Activityⓘ | -0.78 | 1.71 | 0.99 | -1.66 | -0.32 | -0.37 | 0 | -1.46 | 0.30 | -0.27 |
| Net Proceeds from Shares ⓘ | 4.50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.12 | -0.22 | 0 | -0.35 | -0.19 | -0.16 | -0.17 | -0.04 | 0 | -0.02 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -5.16 | 1.93 | 0.99 | -1.31 | -0.13 | -0.21 | 0.17 | -1.42 | 0.31 | -0.24 |
| Net Cash Flow ⓘ | 0.10 | 0.26 | -0.31 | -0.04 | 0.24 | 0.01 | 0.23 | -0.31 | 0.16 | -0.30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.24 | 5.25 | 2.14 | 1.88 | 1.11 | -6.66 | -6.84 | 0.75 | 1.01 | 1.06 |
| ROCE (%) | 14.92 | 8.36 | 6.67 | 5.99 | 3.85 | -3.47 | -2.91 | 1.31 | 0.98 | 1.42 |
| Asset Turnover Ratio | 0.85 | 0.66 | 0.24 | 0.24 | 0.31 | 0.05 | 0.02 | 0.05 | 0.06 | 0.05 |
| PAT to CFO Conversion(x) | 6.78 | -3 | 11.15 | 0.42 | -11.86 | N/A | N/A | 24.75 | -5.5 | -4.83 | Working Capital Days |
| Receivable Days | 32 | 121 | 391 | 243 | 107 | 544 | 1,558 | 501 | 412 | 725 |
| Inventory Days | 296 | 153 | 145 | 161 | 188 | 1,544 | 4,547 | 1,936 | 1,674 | 2,273 |
| Payable Days | 49 | 56 | 258 | 230 | 118 | -1,539 | 1,403 | -439 | -241 | 916 |
The company was incorporated as ‘Jet Info (India) Private Limited’ pursuant to the provisions of the Companies Act, 1956 and Certificate of Incorporation dated September 27, 2001 bearing registration number 133483 issued by the Assistant Registrar of Companies, Maharashtra Mumbai. Further, the company acquired the business, assets and liabilities of Jet Infotech India’s, (a partnership firm of Preethi Mattappilly and Pramoda Shah) as a going concern through an Agreement for Sell and Purchase dated September 27, 2001 entered between Jet Infotech India’s and the company. Jet Infotech India’s carried out the business of computer education and training until 2001 as a partnership firm as per the provisions of the Partnership Act, 1932.
Subsequently, the name of the company was changed to ‘Jet Infraventure Private Limited’ vide Fresh Certificate of Incorporation dated July 30, 2010. Thereafter, the company was converted into a public limited company and a Certificate of Incorporation Consequent upon Conversion to Public Limited dated August 19, 2014 was issued and the name of the company was changed to ‘Jet Infraventure Limited’. The company’s promoters are Rajul Shah, Pramoda Shah and Rajul Ramesh Shah HUF.
The company’s promoters have approximately 7 years of experience in real estate industry. The company has grown in size from their rich experience, expert in-sight of the industry and has expanded its operation because of their association with the company.
Business area of the company
The company is a growing real estate development company headquartered in Mumbai and focusing on residential projects. The company sub-contracts projects to third party contractors. The company has executed residential projects in the States of Maharashtra and Gujarat. The company focuses on developing residential projects on affordable pricing, to its prospective customers, without compromising on quality construction and this is ensured by experienced project execution team and third party architect(s) appointed by the company on project to project basis.
Project Development
The company is engaged in various activities which includes planning the project structure, estimating project overheads and project implementation. The usual practice followed by the company is that the project is managed by a project manager, project architect and supervised by a construction manager, design engineer, consulting architect. The company before implementing the project, analyses the environmental impact, safety measures, availability, raw material, labour availability and transportation for easy and timely execution of a project.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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