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Jetking Infotrain Ltd. Stock Analysis

Small Cap
Evaluated by 150 users | BSE: 517063 | NSE: |
IT - Education
Starting as a small electronics company in the late 1940s, formally incorporated in 1947, Jetking has grown into India’s premier educational institution for training in computer hardware and networks. Through its network of training centers, more than 200,000 professionals have been...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 34.19%18.61%8.05%3.97%3.84%0.45%1.76%-1.5%-4.42%-2.99%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4538.933.33328.925.724.723.620.921
Y-o-Y Gr. Rt.--13.6%-14.4%-0.8%-12.6%-10.9%-4.1%-4.5%-11.2%0.2%
Adjusted EPS (Rs.) 16.5310.784.412.562.660.271.24-1.17-3.43-2.34
Y-o-Y Gr. Rt.--34.8%-59.1%-42%3.9%-89.9%359.3%-194.4%NANA
Book Value per Share (Rs.) 54.1361.8563.8268.0371.2973.5274.6676.4776.9875.21
Adjusted Net Profit 9.76.42.61.51.60.20.7-0.7-2-1.4
Net Op. Cash Flow (Rs. Cr.) 10.55.43.51.644.61.71-0.1-4.7
Debt to Cash Flow from Ops 000.650000000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Jetking Infotrain Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -8.1%-6.2%-5.3%0.2%
Adjusted EPS -180.5%-197.5%-223.6%NA
Book Value per Share 3.71.10.2-2.3
Share Price -8.9% -8.1% -15.8% -0.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 33.9218.587.013.883.810.381.68-1.55-4.48-3.08
Operating Profit Margin (%) 32.2325.2515.329.0210.096.439.01-4.04-10.88-7.91
Net Profit Margin (%) 21.6316.337.84.575.430.632.97-2.93-9.69-6.61
Debt to Equity 000.060000000
Working Capital Days 234267295261304341281221182231
Cash Conversion Cycle 29434755707358382422
Entity Percentage Holding
Promoters 54.57%
Institutions 1.37%
Non-Institutions 44.06%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Jetking Infotrain's performance infers:

Jetking Infotrain earnings have declined by -197.5%, whereas share price has depreciated -8.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Jetking Infotrain share prices over the last 10 years. Here is what we found out:

Jetking Infotrain share price has depreciated -14.3% annually over the past ten years.

Starting as a small electronics company in the late 1940s, formally incorporated in 1947, Jetking has grown into India’s premier educational institution for training in computer hardware and networks.

Through its network of training centers, more than 200,000 professionals have been educated in subjects ranging from basic electronics and computer usage to advanced courses in wireless network administration, firewalls, Linux, and more. An ISO

Starting as a small electronics company in the late 1940s, formally incorporated in 1947, Jetking has grown into India’s premier educational institution for training in computer hardware and networks.

Through its network of training centers, more than 200,000 professionals have been educated in subjects ranging from basic electronics and computer usage to advanced courses in wireless network administration, firewalls, Linux, and more. An ISO 9000–certified company, Jetking has an impressive record of placing its students in major companies such as IBM, Hewlett-Packard, Reliance, Samsung, and Tata.

With the vision to promote and the conviction to deliver the widespread propagation of Computer Hardware and Networking Education across the nation, Suresh Bharwani was the first to set up a training institute offering innovative courses in computer hardware in 1990. With an eye firmly on the burgeoning computer market, he refashioned the family radio and transistor manufacturing business -- Jetking -- into a Computer Hardware and Networking institute. His foresight and vision has reaped rich dividends for the company, for it now has a turnover of Rs.140 crore (unaudited), with growth projections of over 37 percent targeted for the coming year.

Jetking Infotrain Ltd, India’s No.1 Computer Hardware and Networking Institute, trains non-technical students into IT professionals of tomorrow in some of the most in-demand hardware and networking courses; courses which are compatible with the needs of various sectors such as IT and BPO, retail, and manufacturing, PSUs, healthcare and many more.

Academic collaborations with Microsoft, CompTIA, Redhat Linux, HeathKit,Novell and Pearson VUE have ensured that the Jetking’s certifications are at par with the international curricula.

In addition to churning out brilliant hardware and networking talent of the country, Jetking places high emphasis on all-round development of its students before they enter the market place. Jetking's Smartlab Plus is a unique training methodology that focuses on personality development, English-speaking, yoga, 60% practical, CBT, field visits and quizzes.

This method, in turn, ensures that a student is job-ready from day one. It’s no wonder that every Jetking student enjoys a 100% placement record. Jetking’s high quality, job-oriented courses coupled with its top-grade students, has earned it the prestigious ISO 9000:2000 certification.

Jetking has partnered with some of the world’s most renowned names in Networking to provide the cutting edge courseware and technology. It has academic tie-ups with Microsoft, CompTIA, Linux, Novell and Pearson VUE, to ensure that every student is exposed to curricula of current international standards.

Awards/Achievements

  • Suresh's pioneering spirit and far reaching vision has earned him a slew of and accolades. Most recently, he was awarded the Udaan Samman -2008 by the Navbharat Times group for pioneering vocational training in India. In 2007 he was awarded the 'pike's peak Award' by the Bob Pike Group, an international Performance Solutions organization and pioneers of Creative Training Techniques to deliver technical training in a fun, faster and easier way. Under his guidance, Jetking Infotrain Limited has been awarded the 'Hall of Fame' award for the year ended 2006. This award has been conferred on Jetking for its ground breaking efforts in the franchising world by Franchising India Holding Ltd. who went on to applaud his efforts in 2007 as well, with the 'Best Franchiser Award'.
  • In 2005, Suresh received the 'Maharashtra IT manpower Development Award' (second position) from the Government of Maharashtra. Since 2004, Jetking has been consistently ranked as the leading Computer Hardware and Training institute by Dataquest magazine, one of India's leading IT publications. One of Suresh's proudest moments came when he was applauded for his contribution in the area of Corporate Social Responsibility in 2008, by Rambhau Mhalgi Prabodhini.
  • In 2006-07, Jetking celebrated its Diamond Jubilee, 60 years of excellence in the India electronics and IT industry. Over the years, countless students have imbibed the Jetking philosphy of success and hard work and have gone on to make a name for themselves in the Indian Software industry. What started out as a gleam in the eye of a young man touched by hardship and poverty has today grown into a business giant with a presence across the country, educating and empowering India's less fortunate.

Milestones of the company:

  • 2013 - Jetking was felicitated with FICCI LEAPVAULT Skills champion of India Award for its extraordinary contribution to the skill development in India.
  • 2009 - A soft skills program to equip students with job skills, jet edge was launched.
  • 2010 - A course designed for graduates to give them a leading position in the IT space.
  • 2011 - Jetking joined hands with IBM as an authorised training partners.
    Mantaining leadership in innovative training methodology, ‘Do it yourself tablet’ PC course was launched.
  • 2012 - A soft skills program to equip students with job skills, jet edge was launched.
  • 2008- Launched Heathkit Omnifirm
  • 2007- Pike’s Peak Award for Implementation of Smartech, from the Bob Pike group, USA
  • 2006- Diamond Jubilee
  • 2005- Government of Maharashtra's “Maharashtra IT Manpower Development” Award
  • 2003- 75 centre landmark achieved Masters in Network Administration launched
  • 1999- Becomes Microsoft Certified Solutions Provider and Technical Education centre
  • 1990- Jetking School of Electronic Technology Launched
  • 1986-  Announced IPO -Introduced electronic entertainment products
  • 1972- Introduced Asia 72, Fairchild and Wildcat transistors
  • 1962- Pioneered “Do It Yourself” Electronic Kits in India
  • 1947- A Leader is born
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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