Jet Solar Ltd
₹ 11.8
-4.98%
19 May
- close price
- Market Cap ₹ 14.0 Cr.
- Current Price ₹ 11.8
- High / Low ₹ 22.1 / 9.95
- Stock P/E 351
- Book Value ₹ 17.5
- Dividend Yield 0.00 %
- ROCE 0.25 %
- ROE 0.21 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.68 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 12.5%
- Company has a low return on equity of 0.38% over last 3 years.
- Company has high debtors of 358 days.
- Promoter holding has decreased over last 3 years: -45.0%
- Working capital days have increased from 8,043 days to 13,518 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.44 | 6.91 | 2.53 | 2.33 | 2.75 | 0.44 | 0.15 | 0.36 | 0.46 | 0.35 | 0.54 | 0.55 | |
| 7.68 | 6.69 | 2.63 | 2.71 | 3.03 | 1.15 | 0.71 | 0.43 | 0.58 | 0.51 | 1.19 | 2.04 | |
| Operating Profit | 0.76 | 0.22 | -0.10 | -0.38 | -0.28 | -0.71 | -0.56 | -0.07 | -0.12 | -0.16 | -0.65 | -1.49 |
| OPM % | 9.00% | 3.18% | -3.95% | -16.31% | -10.18% | -161.36% | -373.33% | -19.44% | -26.09% | -45.71% | -120.37% | -270.91% |
| 0.19 | 0.49 | 0.76 | 0.92 | 0.61 | 0.46 | 0.35 | 0.17 | 0.18 | 0.26 | 0.76 | 1.54 | |
| Interest | 0.12 | 0.23 | 0.43 | 0.35 | 0.21 | 0.17 | 0.17 | 0.05 | 0.00 | 0.03 | 0.05 | 0.00 |
| Depreciation | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 0.81 | 0.46 | 0.22 | 0.18 | 0.11 | -0.44 | -0.39 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 |
| Tax % | 33.33% | 32.61% | 36.36% | 33.33% | 36.36% | -6.82% | 0.00% | 0.00% | 0.00% | 0.00% | 40.00% | 20.00% |
| 0.54 | 0.31 | 0.13 | 0.12 | 0.07 | -0.41 | -0.39 | 0.04 | 0.06 | 0.06 | 0.04 | 0.04 | |
| EPS in Rs | 1.29 | 0.74 | 0.31 | 0.29 | 0.17 | -0.98 | -0.93 | 0.10 | 0.14 | 0.14 | 0.04 | 0.03 |
| 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: | -22% |
| 5 Years: | 30% |
| 3 Years: | 6% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -19% |
| 5 Years: | 16% |
| 3 Years: | -13% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -10% |
| 5 Years: | -22% |
| 3 Years: | -5% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | 0% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.05 | 1.05 | 1.05 | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 4.19 | 10.05 | 11.88 |
| Reserves | 4.63 | 4.93 | 5.06 | 5.18 | 4.20 | 3.80 | 3.41 | 3.45 | 3.50 | 1.47 | 7.82 | 8.90 |
| 1.05 | 3.78 | 3.29 | 1.97 | 1.84 | 1.64 | 1.80 | 0.38 | 0.69 | 0.44 | 0.43 | 0.30 | |
| 3.83 | 0.81 | 1.31 | 0.56 | 0.68 | 0.57 | 0.66 | 0.79 | 1.16 | 1.12 | 4.36 | 1.08 | |
| Total Liabilities | 10.56 | 10.57 | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.16 |
| 0.16 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.44 | 10.44 |
| 10.40 | 10.43 | 10.57 | 8.63 | 8.69 | 7.99 | 7.87 | 6.62 | 7.36 | 7.14 | 12.15 | 11.72 | |
| Total Assets | 10.56 | 10.57 | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.16 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.66 | -0.93 | 1.45 | 0.05 | -0.83 | -0.85 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -4.17 | |
| -2.78 | -0.52 | -2.74 | 1.58 | 1.39 | 1.23 | 0.35 | 0.17 | 0.18 | 0.26 | -9.68 | 1.61 | |
| -0.78 | 1.71 | 0.99 | -1.66 | -0.32 | -0.37 | 0.00 | -1.46 | 0.30 | -0.27 | 12.12 | 2.87 | |
| Net Cash Flow | 0.10 | 0.26 | -0.31 | -0.04 | 0.24 | 0.01 | 0.23 | -0.31 | 0.16 | -0.30 | -0.03 | 0.32 |
| Free Cash Flow | 3.65 | -0.93 | 1.44 | 0.05 | -0.84 | -0.86 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -3.14 |
| CFO/OP | 541% | -373% | -1,500% | -16% | 296% | 124% | 21% | -1,414% | 275% | 181% | 375% | 279% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58.82 | 173.78 | 308.74 | 148.82 | 87.60 | 530.91 | 1,557.33 | 354.86 | 547.50 | 750.86 | 351.48 | 358.36 |
| Inventory Days | 455.55 | 165.00 | 16,881.25 | 9,900.62 | 1,642.50 | 1,354.34 | ||||||
| Days Payable | 94.28 | 101.67 | 1,368.75 | 456.25 | 82.12 | 76.84 | ||||||
| Cash Conversion Cycle | 420.08 | 237.12 | 308.74 | 148.82 | 87.60 | 530.91 | 17,069.83 | 354.86 | 547.50 | 10,195.23 | 1,911.86 | 1,635.86 |
| Working Capital Days | 142.28 | 175.90 | 845.42 | 941.48 | 776.45 | 4,512.73 | 11,777.33 | 5,262.08 | 4,046.74 | 5,704.43 | 4,907.22 | 13,518.27 |
| ROCE % | 14.88% | 8.37% | 6.78% | 6.02% | 3.92% | -3.44% | -2.96% | 1.36% | 0.82% | 1.45% | 0.82% | 0.25% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory - Finished Properties INR Lakhs |
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| Number of Permanent Employees Count |
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| Total Inventory Value INR Lakhs |
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| Solar Business Asset Allocation % of Assets |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
15 May - Krunal Shah resigned as Company Secretary and Compliance Officer effective May 15, 2026.
- Audited Financial Results Of The Company For The Half Year And Financial Year Ended On March 31, 2026 8 May
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Board Meeting Outcome for Outcome Of Board Meeting Dated 08..05.2026 To Approve Audited Financial Results Of The Company For The Half Year And Financial Year Ended On March 31, 2026
8 May - Jet Solar approved FY26 audited results and reappointed Dipesh Maru as independent director from October 1, 2026.
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Board Meeting Intimation for Intimation Of Board Meeting For Consideration Of Audited Financial Results Of The Company For Half Year & Year Ended 31St March, 2026
4 May - Board meeting on May 8, 2026 to approve audited results for half year and year ended March 31, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 Apr - Jet Solar claims Regulation 15(2) exemption; Regulation 24A not applicable as of March 31, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
Business Overview:[1]
JSL focuses on residential projects in Maharashtra and Gujarat. Its operations cover all aspects of real estate development, from the identification and acquisition of land, planning, execution, and marketing of its projects, maintenance and management of its completed developments, etc. Company’s ongoing projects are at Hill Station in Dharampur, Valsad known
as Wilson Hills.