Jet Airways (India) Ltd

Jet Airways (India) Ltd

₹ 46.8 0.43%
25 Apr - close price
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 532 Cr.
  • Current Price 46.8
  • High / Low 75.3 / 35.6
  • Stock P/E
  • Book Value -628
  • Dividend Yield 0.00 %
  • ROCE 10.4 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.78% over past five years.
  • Promoter holding is low: 25.0%
  • Contingent liabilities of Rs.6,904 Cr.
  • Earnings include an other income of Rs.589 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
10,289 13,078 11,944 14,488 16,703 19,410 19,036 20,966 23,081 22,693 24,511
10,808 15,375 10,998 13,059 17,021 18,706 21,669 20,646 20,731 21,159 24,354
Operating Profit -520 -2,297 946 1,429 -318 704 -2,633 319 2,350 1,534 156
OPM % -5% -18% 8% 10% -2% 4% -14% 2% 10% 7% 1%
1,033 2,058 661 491 828 641 466 -59 733 1,442 589
Interest 522 802 1,047 1,184 1,006 1,194 1,084 1,597 885 859 849
Depreciation 802 -14 969 784 945 929 878 765 996 672 621
Profit before tax -812 -1,027 -410 -49 -1,440 -779 -4,129 -2,101 1,202 1,445 -725
Tax % 19% 6% -2% -77% 1% -0% 0% -0% 0% -0% 0%
-654 -961 -420 -86 -1,420 -780 -4,130 -2,097 1,212 1,499 -636
EPS in Rs -75.74 -111.36 -48.67 -9.94 -164.49 -90.32 -363.54 -184.64 106.66 131.93 -56.03
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 5%
TTM: 8%
Compounded Profit Growth
10 Years: 4%
5 Years: 9%
3 Years: 17%
TTM: -155%
Stock Price CAGR
10 Years: -16%
5 Years: -23%
3 Years: -20%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Equity Capital 86 86 86 86 86 86 114 114 114 114 114
Reserves 4,065 2,111 1,643 1,510 -96 -1,914 -4,288 -6,438 -5,324 -6,619 -7,253
12,618 16,909 14,418 12,644 13,282 11,427 10,577 11,903 10,813 9,078 8,403
4,683 4,113 4,520 6,154 7,278 9,087 11,140 12,109 12,312 10,341 11,742
Total Liabilities 21,452 23,219 20,667 20,395 20,549 18,686 17,541 17,687 17,914 12,914 13,006
15,985 18,167 16,328 15,510 15,671 12,662 10,817 9,234 8,807 4,897 3,609
CWIP 1,303 657 333 32 2 0 0 19 4 709 25
Investments 10 100 100 80 2 2 666 670 1,179 1,283 837
4,154 4,294 3,906 4,773 4,874 6,022 6,058 7,764 7,924 6,025 8,535
Total Assets 21,452 23,219 20,667 20,395 20,549 18,686 17,541 17,687 17,914 12,914 13,006

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
453 -430 1,669 1,729 2,293 1,880 1,012 738 2,512 1,011 1,710
-6,155 -959 218 -17 310 1,673 -266 -217 -717 1,600 -362
5,591 1,084 -2,162 -1,676 -2,682 -3,480 -572 140 -2,458 -2,390 -1,565
Net Cash Flow -111 -305 -276 37 -79 74 174 660 -663 221 -216

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
Debtor Days 50 23 27 26 30 25 25 24 26 21 19
Inventory Days
Days Payable
Cash Conversion Cycle 50 23 27 26 30 25 25 24 26 21 19
Working Capital Days -47 -36 -44 -100 -126 -125 -160 -131 -110 -133 -124
ROCE % -9% 3% 6% -5% 0% -39% 2% 35% 44% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
0.21% 0.18% 0.18% 0.18% 0.20% 0.21% 0.22% 0.22% 0.20% 0.21% 0.21% 0.21%
28.15% 26.08% 26.08% 26.08% 26.08% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15% 28.15%
46.65% 48.75% 48.75% 48.75% 48.73% 46.64% 46.63% 46.64% 46.66% 46.66% 46.65% 46.65%
No. of Shareholders 1,56,4811,69,1861,69,6631,68,0321,69,9041,66,5051,64,3701,62,1481,59,2121,55,9191,53,7591,51,525

* 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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