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Jet Solar Ltd (538794) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 538794 NSE: | Construction - Real Estate | Small Cap

Jet Solar Share Price

14.50 0.00 (0.00%)
As on 15-Apr'26 16:59

Jet Solar Ltd (538794)

BSE: 538794 NSE:
Key Metrics
Market Cap
₹17 Cr.
P/E Ratio
430.50
Price to Book (P/B)
0.83
Price to Sales (P/S)
31.65
EV/EBITDA
155.75
Return on Capital Employed (ROCE)
0.88%
Current Price
₹14.5
Return on Equity (ROE)
0.36%
Return on Assets (ROA)
0.27%
Operating Profit Margin
-119.1%
Net Profit Margin
7.43%
Gross Profit Margin
11.4%
Book Value per Share
₹17.5
Sales Growth (YoY)
54.29%
Sales Growth (3 Years)
14.47%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
N/A%
Net Profit Growth (1 Year)
-33.33%
52-Week Low / High
₹10 / 24
Net Profit Growth (3 Years)
-97.86%
Dividend Yield
0.00%
Promoter Holding
12.55%
Pledged shares (%)
of Promoter's holding (%)
13.42%

Check Before You Invest

Q.1 Revenue growth of Jet Solar Ltd?
Jet Solar Ltd revenue growth is 54.3% for FY-2025 , which is above its 5 year CAGR of 4.2% , indicating faster growth.
Q.1 Promoter shareholding and pledge status of Jet Solar Ltd?
Promoters hold 12.55% of the Jet Solar Ltd, with 13.42% of their stake pledged, indicating high pledge risk.
Q.1 Revenue growth of Jet Solar Ltd vs industry peers?
Jet Solar Ltd revenue CAGR is 4.18% , compared to the industry median CAGR of 0.00% , indicating faster growth and gaining its market share.
Q.1 Which industry/sub-sector does Jet Solar Ltd belong to?
Jet Solar Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.
Q.1 Stock return of Jet Solar Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.7% based on the current price.

DeciZen - make an informed investing decision on Jet Solar

Based on:

M-Cap below 100cr DeciZen not available

Jet Solar stock performance

Key Ratios
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Is Jet Solar Ltd an attractive stock to invest in?

1. Is Jet Solar Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jet Solar Ltd is a below average quality company.

2. Is Jet Solar Ltd undervalued or overvalued?

The key valuation ratios of Jet Solar Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Jet Solar Ltd a good buy now?

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.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jet Solar Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.4%6.7%6%3.9%-3.5%-2.9%1.3%1%1.4%0.9%-
Value Creation
Index
-0.4-0.5-0.6-0.7-1.3-1.2-0.9-0.9-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 72.52.32.80.40.20.40.50.40.51
Sales YoY Gr.--63.9%-7.9%18%-84%-65.9%140%27.8%-23.9%54.3%-
Adj EPS 0.70.30.40.2-1-10.10.10.100
YoY Gr.--57.5%19.4%-54.1%-670.6%NANA30%7.7%-71.4%-
BVPS (₹) 14.314.614.91514.113.113.213.413.516.817.5
Adj Net
Profit
0.30.10.20.1-0.4-0.400.10.100
Cash Flow from Ops. -0.91.50.1-0.8-0.9-0.11-0.3-0.3-2.5-
Debt/CF from Ops. -42.340.2-2.2-1.9-150.4-2.1-1.5-0.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -24.8%4.2%14.5%54.3%
Adj EPS -27.6%NA-26.3%-71.4%
BVPS1.8%3.7%8.4%24.6%
Share Price -8.7% -18.2% -11.8% -23.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.32.12.51.1-6.7-70.811.10.30.2
Op. Profit
Mgn %
3.2-4.2-13.8-10.5-164.2-380.1-21.8-24.7-45.6-119.1NAN
Net Profit
Mgn %
4.45.16.72.5-92.9-266.411.412.316.87.46.6
Debt to
Equity
0.60.50.30.30.30.30.10.10.10-
Working Cap
Days
4201,3241,4921,1256,70918,2276,9375,3187,2396,4190
Cash Conv.
Cycle
2034092792492,0016,0162,3231,9842,9451,6870

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.47%

Return on Equity has declined versus last 3 years average to 0.20%

Net Profit has been subdued in last 3 years -26.32%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 0 -
TTM Sales (₹ Cr.) 0.5 -
BVPS (₹) 17.5 -
Reserves (₹ Cr.) 9 -
P/BV 0.83 -
PE 430.50 -
From the Market
52 Week Low / High (₹) 9.95 / 23.75
All Time Low / High (₹) 7.76 / 54.90
Market Cap (₹ Cr.) 17.2
Equity (₹ Cr.) 11.9
Face Value (₹) 10
Industry PE 46.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.0011.2511.2513.5313.5313.5313.42
* Pledged shares as % of Promoter's holding (%)

Valuation of Jet Solar - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales72.532.332.750.440.150.360.460.350.54
Operating Expenses + 6.782.642.703.041.150.720.440.570.511.19
Manufacturing Costs0.040.040.080.610.230.100.030.110.020.03
Material Costs5.291.251.261.23-0.060.04-0.12-0.250.060.37
Employee Cost 0.840.980.910.860.850.430.430.510.330.32
Other Costs 0.610.370.460.340.130.160.100.200.100.47
Operating Profit 0.22-0.11-0.38-0.29-0.72-0.57-0.08-0.11-0.16-0.65
Operating Profit Margin (%) 3.2%-4.2%-16.3%-10.5%-164.0%-380.0%-21.8%-24.7%-45.6%-119.0%
Other Income + 0.490.760.920.610.460.370.170.180.260.76
Exceptional Items 0000000000
Interest 0.230.430.350.210.170.170.0500.030.05
Depreciation 0.020.010.010.010.020.010.010.010.010.01
Profit Before Tax 0.460.210.170.11-0.44-0.390.040.060.060.06
Tax 0.150.080.060.04-0.03-00000.02
Profit After Tax 0.310.130.120.07-0.41-0.390.040.060.060.04
PAT Margin (%) 4.4%5.1%5.0%2.5%-92.9%-259.0%11.4%12.3%16.8%7.4%
Adjusted EPS (₹)0.70.30.30.2-1.0-0.90.10.10.10.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.986.116.236.305.895.505.545.605.6616.91
Share Capital 1.051.051.052.102.102.102.102.104.1910.05
Reserves 4.935.065.184.203.803.413.453.501.476.86
Debt +3.783.291.981.841.641.800.380.690.440.43
Long Term Debt0000000000
Short Term Debt3.783.291.981.841.641.800.380.690.440.43
Minority Interest0000000000
Trade Payables0.611.150.430.360.140.150.150.190.100.09
Others Liabilities 0.190.140.110.300.420.490.630.9515.23
Total Liabilities 10.5510.698.758.808.107.956.717.427.2122.65

Fixed Assets

Net Fixed Assets +0.140.140.130.130.120.100.100.090.080.07
Gross Block0.290.310.310.320.320.320.320.320.320.32
Accumulated Depreciation0.150.170.180.190.210.220.230.240.240.25
CWIP 0000000000
Investments 00000000010.44
Inventories0.991.031.021.811.891.851.972.232.171.80
Trade Receivables3.292.140.950.660.640.640.350.690.720.52
Cash Equivalents 2.490.090.060.290.300.530.220.380.070.05
Others Assets 3.647.296.595.915.154.824.074.044.179.76
Total Assets 10.5510.698.758.808.107.956.717.427.2122.65

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.931.450.05-0.83-0.85-0.120.99-0.33-0.29-2.46
PBT 0.460.210.170.11-0.44-0.390.040.060.060.06
Adjustment -0.22-0.35-0.54-0.41-0.29-0.17-0.13-0.17-0.23-0.70
Changes in Working Capital -1.061.640.43-0.53-0.160.441.07-0.21-0.13-1.8
Tax Paid -0.11-0.05-0.01-00.03-0000-0.02
Cash Flow From Investing Activity + -0.52-2.741.581.391.230.350.170.180.26-9.68
Capex -0-0.01-0-0.01-0.0100000
Net Investments 000000000-10.44
Others -0.51-2.731.581.401.230.350.170.180.260.76
Cash Flow From Financing Activity 1.710.99-1.66-0.32-0.37-0-1.460.30-0.2712.12
Net Proceeds from Shares + 00000000012.17
Net Proceeds from Borrowing 0000000000
Interest Paid -0.220-0.35-0.19-0.16-0.17-0.04-0-0.02-0.05
Dividend Paid 0000000000
Others 1.930.99-1.31-0.13-0.210.17-1.420.31-0.24-0
Net Cash Flow 0.26-0.31-0.040.240.010.23-0.310.16-0.30-0.03

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)5.252.141.881.11-6.66-6.840.751.011.060.36
ROCE (%)8.366.675.993.85-3.47-2.911.310.981.420.88
Asset Turnover Ratio0.660.240.240.310.050.020.050.060.050.04
PAT to CFO Conversion(x)-311.150.42-11.86N/AN/A24.75-5.5-4.83-61.5
Working Capital Days
Receivable Days1213912431075441,558501412725417
Inventory Days1531451611881,5444,5471,9361,6742,2721,331
Payable Days56258230118-1,5391,403-439-24190992

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Jet Solar Ltd FAQs

The current trading price of Jet Solar on 15-Apr-2026 16:59 is ₹14.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Apr-2026 the market cap of Jet Solar stood at ₹17.22 Cr

The latest P/E ratio of Jet Solar as of 14-Apr-2026 is 430.5.

The latest P/B ratio of Jet Solar as of 14-Apr-2026 is 0.83.

The 52-week high of Jet Solar is ₹23.75 and the 52-week low is ₹9.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jet Solar is ₹0.54 ( Cr.) .

About Jet Solar Ltd

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.

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