Jet Freight Logistics Ltd

Jet Freight Logistics Ltd

₹ 14.6 4.94%
25 Nov 1:46 p.m.
About

Jet Freight Logistics Limited provides logistics services such as freight forwarding services, along with custom clearance service majorly for perishable cargo through air, ocean and land transport. [1]

Key Points

Services
The company provides services such as Air Freight (Air Cargo Door-to-Door services), Ocean Freight, Domestic Logistics, Land Freight (Surface Parcel Delivery (SPD) Services), Warehousing (Third Party Warehousing), Chartering and Consolidation, Customs Clearance etc. [1]

  • Market Cap 68.0 Cr.
  • Current Price 14.6
  • High / Low 24.9 / 11.1
  • Stock P/E 10.8
  • Book Value 13.9
  • Dividend Yield 0.00 %
  • ROCE 4.56 %
  • ROE -0.64 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.06 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.81% over past five years.
  • Company has a low return on equity of 1.94% over last 3 years.
  • Contingent liabilities of Rs.53.4 Cr.
  • Promoters have pledged 26.2% of their holding.
  • Earnings include an other income of Rs.4.48 Cr.
  • Debtor days have increased from 46.0 to 65.1 days.
  • Promoter holding has decreased over last 3 years: -18.7%

* 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.

Peer comparison

Sector: Logistics Industry: Transport - Airlines

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
107.31 129.66 106.64 133.44 103.94 86.98 92.63 113.55 88.24 90.52 95.48 142.04 87.12
105.34 127.27 103.63 130.16 103.14 87.43 88.26 114.73 87.84 87.49 91.82 138.64 83.73
Operating Profit 1.97 2.39 3.01 3.28 0.80 -0.45 4.37 -1.18 0.40 3.03 3.66 3.40 3.39
OPM % 1.84% 1.84% 2.82% 2.46% 0.77% -0.52% 4.72% -1.04% 0.45% 3.35% 3.83% 2.39% 3.89%
0.11 0.12 0.22 0.11 0.23 0.17 0.20 0.17 -1.80 2.79 1.30 0.15 0.24
Interest 1.06 1.11 1.00 1.21 1.22 1.25 1.37 1.38 1.31 1.37 1.88 1.46 1.58
Depreciation 0.68 0.72 0.72 0.69 0.74 0.70 0.68 0.66 0.68 0.58 0.29 0.52 0.53
Profit before tax 0.34 0.68 1.51 1.49 -0.93 -2.23 2.52 -3.05 -3.39 3.87 2.79 1.57 1.52
Tax % 47.06% 35.29% 44.37% 31.54% -96.77% -12.56% 59.52% -0.66% 0.00% -10.34% 13.26% 34.39% 36.84%
0.18 0.44 0.84 1.02 -0.03 -1.95 1.02 -3.03 -3.40 4.27 2.42 1.03 0.96
EPS in Rs 0.04 0.09 0.18 0.22 -0.01 -0.42 0.22 -0.65 -0.73 0.92 0.52 0.22 0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
123 119 143 207 194 252 338 300 347 457 417 388 415
121 116 142 202 185 241 327 303 337 446 409 382 402
Operating Profit 2 3 1 4 9 11 10 -4 9 11 8 6 13
OPM % 2% 2% 1% 2% 5% 4% 3% -1% 3% 2% 2% 2% 3%
0 0 3 0 0 0 0 1 1 0 1 2 4
Interest 2 2 2 2 3 3 4 5 4 4 5 6 6
Depreciation 0 0 1 1 1 1 1 1 2 3 3 2 2
Profit before tax 0 1 1 2 6 8 6 -9 4 4 1 0 10
Tax % 66% 41% 33% 38% 36% 32% 29% -1% 35% 37% 92% -18%
0 1 1 1 4 5 4 -9 3 3 0 0 9
EPS in Rs 0.01 0.02 0.02 0.03 0.89 1.20 0.93 -1.85 0.54 0.61 0.01 0.06 1.87
Dividend Payout % 0% 0% 0% 0% 0% 0% 3% 0% 0% 4% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 3%
3 Years: 4%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 217%
Stock Price CAGR
10 Years: %
5 Years: 9%
3 Years: -12%
1 Year: 16%
Return on Equity
10 Years: 5%
5 Years: -2%
3 Years: 2%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 4 4 4 5 6 12 12 12 12 23 23 23
Reserves 1 1 2 3 8 16 14 6 10 13 39 39 41
11 14 14 15 17 30 43 37 31 49 61 56 60
10 12 15 23 27 24 24 33 46 36 31 52 29
Total Liabilities 25 31 35 45 58 75 94 88 98 110 154 171 153
7 7 6 6 12 12 15 14 29 31 31 27 27
CWIP 0 0 0 0 0 0 0 1 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
18 24 29 39 46 63 78 72 69 79 123 143 126
Total Assets 25 31 35 45 58 75 94 88 98 110 154 171 153

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 1 -0 3 2 -13 -1 13 10 -11 -39 17
-4 -0 -0 -1 -6 -1 -8 -1 -1 -4 -4 -6
1 -1 -1 1 4 12 10 -11 -10 14 43 -11
Net Cash Flow -2 0 -1 3 0 -1 1 1 -1 -0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39 58 57 51 67 83 70 63 42 33 39 65
Inventory Days 0 0 0 0 0 0 0 0
Days Payable
Cash Conversion Cycle 39 58 57 51 67 83 70 63 42 33 39 65
Working Capital Days 12 23 16 12 20 50 45 24 -2 8 20 27
ROCE % 15% 15% 15% 18% 33% 26% 16% -7% 14% 14% 6% 5%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
69.91% 70.15% 70.15% 51.18% 51.18% 51.18% 51.18% 51.18% 51.18% 50.92% 50.92% 50.92%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03%
30.09% 29.85% 29.85% 48.82% 48.82% 48.81% 48.81% 48.81% 48.81% 49.09% 49.09% 49.05%
No. of Shareholders 6802,4533,7646,68014,84317,29117,41817,34718,76020,72421,00324,313

* 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.

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