Jet Knitwears Ltd
₹ 115
0.00%
08 Nov
- close price
About
Incorporated in 1969, Jet Knitwears Ltd is a manufacturer of Cotton Hosiery products[1]
Key Points
- Market Cap ₹ 50.7 Cr.
- Current Price ₹ 115
- High / Low ₹ 139 / 109
- Stock P/E 422
- Book Value ₹ 50.2
- Dividend Yield 0.00 %
- ROCE 5.11 %
- ROE 2.48 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.35% over past five years.
- Company has a low return on equity of 4.57% over last 3 years.
- Company has high debtors of 180 days.
* 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: Textiles Industry: Textiles - Products
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34.75 | 37.61 | 36.77 | 38.54 | 42.58 | 42.58 | 45.92 | 43.33 | 38.15 | 39.50 | 35.00 | 31.35 | |
| 32.85 | 35.59 | 34.39 | 36.09 | 39.75 | 39.37 | 42.25 | 39.37 | 34.57 | 36.22 | 31.77 | 29.09 | |
| Operating Profit | 1.90 | 2.02 | 2.38 | 2.45 | 2.83 | 3.21 | 3.67 | 3.96 | 3.58 | 3.28 | 3.23 | 2.26 |
| OPM % | 5.47% | 5.37% | 6.47% | 6.36% | 6.65% | 7.54% | 7.99% | 9.14% | 9.38% | 8.30% | 9.23% | 7.21% |
| 0.11 | 0.02 | 0.01 | -0.04 | 0.05 | 0.02 | 0.01 | 0.00 | 0.03 | -0.04 | 0.05 | 0.09 | |
| Interest | 1.29 | 1.29 | 1.33 | 1.23 | 1.11 | 0.99 | 1.10 | 1.21 | 0.96 | 1.04 | 1.16 | 1.17 |
| Depreciation | 0.46 | 0.46 | 0.56 | 0.56 | 0.57 | 0.62 | 0.57 | 0.60 | 0.53 | 0.58 | 0.47 | 0.53 |
| Profit before tax | 0.26 | 0.29 | 0.50 | 0.62 | 1.20 | 1.62 | 2.01 | 2.15 | 2.12 | 1.62 | 1.65 | 0.65 |
| Tax % | 34.62% | 31.03% | 38.00% | 33.87% | 34.17% | 25.93% | 27.36% | 28.84% | 21.70% | 29.01% | 26.67% | 16.92% |
| 0.17 | 0.20 | 0.30 | 0.41 | 0.79 | 1.20 | 1.45 | 1.53 | 1.66 | 1.15 | 1.21 | 0.55 | |
| EPS in Rs | 1.02 | 1.20 | 1.00 | 1.37 | 1.93 | 2.72 | 3.29 | 3.47 | 3.77 | 2.61 | 2.75 | 1.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -7% |
| 3 Years: | -6% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -18% |
| 3 Years: | -31% |
| TTM: | -89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 38% |
| 3 Years: | 39% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 5% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| 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 | 1.67 | 1.67 | 3.00 | 3.00 | 4.08 | 4.41 | 4.41 | 4.41 | 4.41 | 4.41 | 4.41 | 4.41 | 4.41 |
| Reserves | 0.90 | 1.10 | 3.40 | 3.94 | 7.86 | 10.53 | 11.98 | 13.51 | 15.17 | 16.32 | 17.53 | 18.07 | 17.71 |
| 11.18 | 12.20 | 9.79 | 11.81 | 8.88 | 10.14 | 10.18 | 10.03 | 13.14 | 13.61 | 14.22 | 12.56 | 13.71 | |
| 3.59 | 3.07 | 4.06 | 3.23 | 4.07 | 5.27 | 7.39 | 6.12 | 5.59 | 6.30 | 4.34 | 4.17 | 3.58 | |
| Total Liabilities | 17.34 | 18.04 | 20.25 | 21.98 | 24.89 | 30.35 | 33.96 | 34.07 | 38.31 | 40.64 | 40.50 | 39.21 | 39.41 |
| 2.32 | 2.59 | 2.56 | 2.16 | 2.22 | 2.58 | 2.52 | 2.34 | 2.14 | 1.76 | 1.57 | 1.47 | 1.52 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.25 | 0.00 |
| Investments | 0.00 | 0.07 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.02 | 15.38 | 17.62 | 19.82 | 22.67 | 27.77 | 31.44 | 31.73 | 36.17 | 38.88 | 38.68 | 37.49 | 37.89 | |
| Total Assets | 17.34 | 18.04 | 20.25 | 21.98 | 24.89 | 30.35 | 33.96 | 34.07 | 38.31 | 40.64 | 40.50 | 39.21 | 39.41 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.43 | 2.16 | 0.06 | 2.73 | -2.20 | -1.41 | 0.85 | 3.86 | -2.12 | 0.19 | 4.13 | 0.81 | |
| -0.40 | -0.80 | -0.53 | -0.09 | -0.62 | -0.97 | -0.51 | -0.43 | -0.33 | -0.20 | -0.54 | -0.41 | |
| -0.91 | -0.66 | -0.03 | -0.75 | 1.60 | 2.54 | -1.06 | -1.36 | 1.64 | -0.57 | -0.80 | -2.81 | |
| Net Cash Flow | 0.12 | 0.70 | -0.51 | 1.88 | -1.22 | 0.17 | -0.71 | 2.08 | -0.81 | -0.58 | 2.78 | -2.42 |
Ratios
Figures in Rs. Crores
| 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 | 56.72 | 70.17 | 83.18 | 93.76 | 119.92 | 142.64 | 148.56 | 143.12 | 162.65 | 140.64 | 151.32 | 180.11 |
| Inventory Days | 122.63 | 83.25 | 113.12 | 84.80 | 51.00 | 87.97 | 100.89 | 120.17 | 192.15 | 243.33 | 254.84 | 288.40 |
| Days Payable | 43.00 | 35.92 | 47.71 | 39.54 | 22.96 | 35.36 | 53.95 | 34.09 | 49.70 | 57.72 | 41.96 | 44.55 |
| Cash Conversion Cycle | 136.34 | 117.50 | 148.59 | 139.03 | 147.97 | 195.25 | 195.49 | 229.19 | 305.10 | 326.25 | 364.20 | 423.97 |
| Working Capital Days | 116.80 | 109.37 | 129.44 | 131.74 | 144.01 | 180.36 | 184.81 | 191.22 | 266.07 | 280.45 | 308.89 | 360.46 |
| ROCE % | 11.76% | 11.00% | 11.75% | 10.93% | 11.47% | 11.33% | 12.04% | 12.33% | 10.09% | 8.05% | 7.86% | 5.11% |
Documents
Announcements
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
14 November 2024 - JET KNITWEARS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Related Party Transactions
14 November 2024 - Jet Knitwears Limited has informed about non- applicability of Related Party Transactions
-
Financial Result Updates
14 November 2024 - Jet Knitwears Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
-
Outcome of Board Meeting
14 November 2024 - Jet Knitwears Limited has informed regarding Board meeting held on November 14, 2024.
-
Board Meeting Intimation
6 November 2024 - JET KNITWEARS LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the Company …
Business Overview:[1]
Company manufacturers and exporters of Cotton hosiery products with a distribution network of 5000+ retailers. Its products are certified as Skin Friendly & Anti Bacterial by Facility for Ecological and Analytical Testing, IIT, Kanpur. Company has developed 100% cotton fabrics which are dermatologist-recommended, azo-free dyed clothes targeted to adults and children with mild to severe skin allergies.