Jet Airways (India) Ltd

Jet Airways (India) Ltd

₹ 34.2 -5.01%
07 Nov 2024
About

Incorporated in 1993, Jet Airways Ltd provides scheduled air transportation which includes carriage of passengers, cargo and allied services[1]

Key Points

Business Overview:[1]
Company operated and flew to 65+ destinations in India and across the world, with hubs in Mumbai, Delhi, Bengaluru, and gateways in Amsterdam, Paris, London, and Abu Dhabi. It operated 124 narrow-body and wide-body aircraft on nearly 1000 domestic and international routes. Etihad Airways held 24% stake in the company

  • Market Cap 388 Cr.
  • Current Price 34.2
  • High / Low 63.4 / 33.7
  • Stock P/E
  • Book Value -1,541
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 97.3 to 38.8 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -70.8% over past five years.
  • Promoter holding is low: 25.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
10 10 10 9 74 41 11 11 13 12 12 12 38
107 23 64 83 156 60 73 202 360 280 222 35 53
Operating Profit -98 -13 -55 -73 -83 -19 -62 -191 -348 -268 -210 -22 -15
OPM % -997% -129% -572% -781% -112% -46% -585% -1,740% -2,775% -2,151% -1,697% -180% -40%
1 231 71 8 1 -241 2 1 1 1 0 3 2
Interest 4 17 4 4 3 1 1 1 1 1 1 1 1
Depreciation 53 49 56 39 45 45 43 42 42 40 38 35 36
Profit before tax -153 152 -44 -107 -129 -306 -104 -234 -390 -308 -249 -55 -51
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-153 152 -44 -107 -129 -306 -104 -234 -390 -308 -249 -55 -51
EPS in Rs -13.50 13.42 -3.88 -9.42 -11.35 -26.92 -9.17 -20.57 -34.34 -27.13 -21.90 -4.84 -4.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14,816 17,360 17,302 19,573 22,036 21,552 23,287 23,057 333 39 136 50 75
14,797 16,453 18,759 19,688 19,707 20,024 23,263 26,718 1,871 277 491 897 590
Operating Profit 19 908 -1,457 -115 2,328 1,528 24 -3,660 -1,538 -238 -355 -848 -515
OPM % 0% 5% -8% -1% 11% 7% 0% -16% -461% -617% -260% -1,705% -689%
637 652 -338 -53 708 1,476 672 -452 -706 311 -237 6 6
Interest 971 1,119 997 884 868 851 843 982 302 29 7 4 4
Depreciation 940 927 876 762 995 671 621 442 296 196 174 156 150
Profit before tax -1,255 -486 -3,668 -1,814 1,174 1,482 -768 -5,536 -2,841 -152 -773 -1,002 -663
Tax % -2% 0% -0% 0% 0% -0% 0% 0% 0% 0% 0% 0%
-1,236 -486 -3,668 -1,814 1,174 1,483 -768 -5,536 -2,841 -152 -773 -1,002 -663
EPS in Rs -143.18 -56.24 -322.88 -159.66 103.31 130.51 -67.57 -487.31 -250.13 -13.38 -68.01 -88.21 -58.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -44%
5 Years: -71%
3 Years: -47%
TTM: 0%
Compounded Profit Growth
10 Years: -1%
5 Years: -7%
3 Years: 15%
TTM: 16%
Stock Price CAGR
10 Years: -21%
5 Years: 4%
3 Years: -27%
1 Year: -42%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 86 86 114 114 114 114 114 114 114 114 114 114
Reserves 1,095 -429 -2,341 -4,204 -3,128 -6,589 -7,356 -12,809 -15,693 -15,846 -16,618 -17,620
13,119 11,249 10,448 11,903 10,813 9,078 8,403 7,684 8,659 3,586 3,546 3,561
6,580 8,133 10,529 11,562 11,913 10,075 11,359 16,126 13,893 18,337 18,718 19,577
Total Liabilities 20,879 19,039 18,749 19,374 19,712 12,677 12,521 11,115 6,972 6,191 5,760 5,632
13,782 10,777 9,635 9,231 8,805 4,895 3,608 3,343 1,891 1,244 1,071 891
CWIP 2 0 0 19 4 709 25 0 0 0 0 0
Investments 1,646 1,646 1,641 696 1,196 1,231 697 696 696 696 696 696
5,449 6,616 7,473 9,428 9,707 5,841 8,191 7,076 4,384 4,251 3,993 4,045
Total Assets 20,879 19,039 18,749 19,374 19,712 12,677 12,521 11,115 6,972 6,191 5,760 5,632

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,241 1,839 921 528 2,531 961 1,698 1,834 -2,620 76 53 14
293 1,677 -342 -173 -739 1,645 -359 32 917 492 68 14
-2,610 -3,444 -427 305 -2,438 -2,379 -1,555 -1,982 1,606 -456 -46 11
Net Cash Flow -76 73 153 660 -645 227 -216 -117 -96 113 75 39

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 31 25 26 26 27 23 20 7 13 242 11 39
Inventory Days
Days Payable
Cash Conversion Cycle 31 25 26 26 27 23 20 7 13 242 11 39
Working Capital Days -135 -132 -173 -137 -115 -138 -129 -248 -16,327 -137,250 -40,789 -118,286
ROCE % -3% 2% -21% -4% 25% 35% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99% 24.99%
0.18% 0.18% 0.20% 0.21% 0.22% 0.22% 0.20% 0.21% 0.21% 0.21% 0.21% 0.01%
26.08% 26.08% 26.08% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15%
48.75% 48.75% 48.73% 46.64% 46.63% 46.64% 46.66% 46.66% 46.65% 46.65% 46.63% 46.84%
No. of Shareholders 1,69,6631,68,0321,69,9041,66,5051,64,3701,62,1481,59,2121,55,9191,53,7591,51,5251,49,2991,48,129

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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