Jet Knitwears Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: JETKNIT | Textile | Small Cap

BSE Share Price
Not Listed

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Jet Knitwears stock performance -

mw4me loader
P/E Ratio (SA):
97.24
Market Cap:
53 Cr.
52-wk low:
0
52-wk high:
0

Is Jet Knitwears Ltd an attractive stock to invest in?

1. Is Jet Knitwears Ltd a good quality company?

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

2. Is Jet Knitwears Ltd undervalued or overvalued?

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

3. Is Jet Knitwears Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Jet Knitwears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Jet Knit:

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 Knitwears 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.7%7.9%7.3%7.8%8.2%8.6%8.7%7.7%5.7%5.7%-
Value Creation
Index
-0.5-0.4-0.5-0.5-0.4-0.4-0.4-0.5-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 38.537.338.643.343.647.344.941.740.936.533
Sales YoY Gr.--3%3.3%12.2%0.8%8.5%-5.1%-7.1%-1.9%-10.8%-
Adj EPS 1.211.41.92.73.33.53.72.72.71.2
YoY Gr.--13.7%37.6%33.8%45.7%21.8%5.2%7.8%-28.6%0.4%-
BVPS (₹) 16.621.322.629.333.937.240.744.44749.849.8
Adj Net
Profit
0.20.30.40.81.21.51.51.71.21.21
Cash Flow from Ops. 2.20.12.7-2.2-1.40.93.9-2.10.24.1-
Debt/CF from Ops. 5.7166.34.3-4-7.211.92.6-6.270.43.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.6%-3.5%-6.7%-10.8%
Adj EPS 9.7%-0.2%-8.3%0.4%
BVPS13%8%7%5.9%
Share Price - 30.8% 30.6% 90.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
7.36.66.388.99.38.98.85.85.52.5
Op. Profit
Mgn %
5.36.46.26.57.47.88.88.688.8NAN
Net Profit
Mgn %
0.50.81.11.82.73.13.442.93.21.7
Debt to
Equity
4.41.51.70.70.70.60.60.70.70.6-
Working Cap
Days
1371531621621932102292753023410
Cash Conv.
Cycle
951091161231531601792282472760

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.64

Return on Equity has declined versus last 3 years average to 2.50%

Sales growth has been subdued in last 3 years -6.69%

Net Profit has been subdued in last 3 years -8.25%

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

Latest Financials - Jet Knitwears Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 -
TTM Sales (₹ Cr.) 32.8 -
BVPS (₹.) 49.8 -
Reserves (₹ Cr.) 18 -
P/BV 2.42 -
PE 97.24 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 53
Equity (₹ Cr.) 4.4
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Jet Knit:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jet Knit

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales38.4937.3238.5543.2743.6347.3344.9341.7240.9336.50
Operating Expenses 36.4734.9436.1640.4440.4143.6640.9738.1437.6533.28
Manufacturing Costs5.665.915.940.710.720.690.680.570.700.68
Material Costs26.2324.3325.4835.1433.6534.8432.4428.5729.9126.01
Employee Cost 0.260.330.310.890.981.071.011.010.991.17
Other Costs 4.324.374.423.705.067.066.847.996.055.42
Operating Profit 2.022.382.392.833.223.673.963.583.283.23
Operating Profit Margin (%) 5.3%6.4%6.2%6.5%7.4%7.7%8.8%8.6%8.0%8.8%
Other Income 0.020.010.020.050.020.0100.030.030.05
Interest 1.291.331.231.110.991.101.210.961.041.16
Depreciation 0.460.560.560.570.620.570.600.530.580.47
Exceptional Items 00000000-0.070
Profit Before Tax 0.290.490.621.201.622.012.152.121.611.65
Tax 0.100.190.210.410.420.550.620.460.460.44
Profit After Tax 0.200.300.410.791.201.451.531.661.151.21
PAT Margin (%) 0.5%0.8%1.1%1.8%2.8%3.1%3.4%4.0%2.8%3.3%
Adjusted EPS (₹)1.21.01.41.92.73.33.53.82.62.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2.776.406.9411.9514.9316.3917.9119.5720.7221.94
Share Capital 1.67334.084.414.414.414.414.414.41
Reserves 1.103.403.947.8610.5311.9813.5115.1716.3217.53
Minority Interest0000000000
Debt12.209.7911.828.8810.1410.189.8912.4812.6512.97
Long Term Debt4.092.060.140.861.080.630.662.623.061.95
Short Term Debt8.117.7411.688.029.069.559.239.869.5911.02
Trade Payables2.713.642.762.213.265.153.033.894.733.03
Others Liabilities 0.360.420.441.821.932.113.112.202.332.37
Total Liabilities 18.0420.2521.9524.8630.2633.8333.9438.1540.4340.30

Fixed Assets

Gross Block5.185.715.786.407.387.908.328.318.228.48
Accumulated Depreciation2.593.153.624.194.815.385.986.186.466.90
Net Fixed Assets2.592.562.162.222.582.522.342.141.761.57
CWIP 0000000000.25
Investments 0.070.0700000000
Inventories5.987.545.924.918.119.6310.6815.0419.9418.16
Trade Receivables7.238.389.9013.9916.6418.6916.991715.2214.51
Cash Equivalents 1.120.612.491.271.440.732.8021.424.20
Others Assets1.041.091.472.461.492.271.121.982.101.60
Total Assets 18.0420.2521.9524.8630.2633.8333.9438.1540.4340.30

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.160.062.73-2.20-1.410.853.86-2.120.194.13
PBT 0.290.490.410.791.201.451.531.661.151.21
Adjustment 1.741.890.540.551.671.661.821.481.581.65
Changes in Working Capital 0.22-2.11.67-3.53-4.28-2.260.51-5.26-2.541.27
Tax Paid -0.10-0.220.110000000
Cash Flow From Investing Activity -0.80-0.53-0.09-0.62-0.97-0.51-0.43-0.33-0.20-0.54
Capex -0.73-0.53-0.16-0.62-0.98-0.51-0.43-0.33-0.20-0.54
Net Investments -0.07-0.010.070000000
Others 00000.0100000
Cash Flow From Financing Activity -0.66-0.03-0.751.602.54-1.06-1.361.64-0.57-0.80
Net Proceeds from Shares 03.3304.222.2800000
Net Proceeds from Borrowing 0000000000
Interest Paid -1.29-1.3300-0.99-1.10-1.21-0.96-1.04-1.16
Dividend Paid 0000000000
Others 0.63-2.03-0.75-2.631.260.04-0.162.600.470.36
Net Cash Flow 0.70-0.501.88-1.220.17-0.712.08-0.81-0.582.78
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.376.596.238.48.939.288.918.865.715.68
ROCE (%)11.0511.7110.6511.711.412.0212.3210.167.928
Asset Turnover Ratio2.181.951.831.851.631.541.41.161.090.95
PAT to CFO Conversion(x)10.80.26.66-2.78-1.180.592.52-1.280.173.41
Working Capital Days
Receivable Days607687101124131138149137142
Inventory Days67666446536678113148182
Payable Days41484626304446445354

Jet Knitwears Ltd Stock News

Jet Knitwears Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jet Knit on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Jet Knit stood at ₹53.00.
The latest P/E ratio of Jet Knit as of 01-Jan-1970 05:30 is 97.24.
The latest P/B ratio of Jet Knit as of 01-Jan-1970 05:30 is 2.42.
The 52-week high of Jet Knit is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jet Knit is ₹32.75 ( Cr.) .

About Jet Knitwears Ltd

The company was incorporated as Jet Knitwears Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated April 02, 1996 in Kanpur, Uttar Pradesh. Subsequently, the name of the company was changed to Jet Knitwears Limited vide fresh certificate of incorporation dated April 01, 2015. The company was incorporated to take-over the running business of partnership firm M/s Jet Knitwears Company along with all the assets and liabilities, approvals, permits, registrations, etc.

Late Bhushan Kumar Narula, erstwhile Promoter of the company started a production unit in the name and style of ‘Venus Hosiery’ along with his brothers and relatives in the year 1969 at Kanpur. In early 1990s, a Partnership firm in the name and style of ‘Jet Knitwears Company’ was formed to carry out production of innerwear with brand name ‘Jet’. This firm was finally converted into the company in the year 1996.

The company has set its footing in domestic market and has a strong retail presence through its own network for Sales, Marketing and Logistics serving to more than 5000 Retailers directly and also through a large number of Dealers and Wholesalers in North India.

Business area of the company

The company is engaged in the business of manufacturing of intimate garments for men, women and children such as vests, briefs, brassiere, panties, socks, T-shirts and casual wears. The company markets its products through its own brands like Lycot Australia, Jet, Jet Eco, Fresh-Long, Boski and Take- off.

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