Jet Freight Logistics Ltd

Jet Freight Logistics Ltd

₹ 12.4 -1.97%
28 Mar - close price
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 57.8 Cr.
  • Current Price 12.4
  • High / Low 16.6 / 9.20
  • Stock P/E
  • Book Value 12.3
  • Dividend Yield 0.00 %
  • ROCE 5.65 %
  • ROE -0.91 %
  • Face Value 5.00

Pros

  • Stock is trading at 1.01 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Company has a low return on equity of 5.10% over last 3 years.
  • Contingent liabilities of Rs.53.0 Cr.
  • Promoters have pledged 26.0% of their holding.
  • Promoter holding has decreased over last 3 years: -18.1%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
89.50 107.77 114.39 107.83 131.33 106.91 134.96 105.75 89.98 95.95 116.70 91.68 94.56
88.26 102.68 111.17 105.96 129.30 103.96 131.87 105.08 90.35 91.59 117.85 91.41 91.60
Operating Profit 1.24 5.09 3.22 1.87 2.03 2.95 3.09 0.67 -0.37 4.36 -1.15 0.27 2.96
OPM % 1.39% 4.72% 2.81% 1.73% 1.55% 2.76% 2.29% 0.63% -0.41% 4.54% -0.99% 0.29% 3.13%
0.12 0.45 0.33 0.35 0.61 0.24 0.11 0.23 0.17 0.25 0.19 -1.78 2.81
Interest 0.96 0.99 0.87 1.09 1.16 1.05 1.26 1.28 1.31 1.44 1.44 1.34 1.39
Depreciation 0.52 0.57 0.64 0.69 0.74 0.73 0.70 0.75 0.71 0.68 0.68 0.71 0.60
Profit before tax -0.12 3.98 2.04 0.44 0.74 1.41 1.24 -1.13 -2.22 2.49 -3.08 -3.56 3.78
Tax % -66.67% 29.40% 29.90% 36.36% 32.43% 47.52% 37.90% 79.65% 12.61% 60.24% 0.00% -0.28% -10.58%
-0.19 2.81 1.44 0.29 0.50 0.74 0.77 -0.22 -1.95 0.99 -3.08 -3.57 4.18
EPS in Rs -0.04 0.61 0.31 0.06 0.11 0.16 0.17 -0.05 -0.42 0.21 -0.66 -0.77 0.90
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
252 344 304 352 461 426 399
242 329 309 343 450 419 392
Operating Profit 11 14 -5 9 11 8 6
OPM % 4% 4% -2% 3% 2% 2% 2%
0 0 1 1 1 1 1
Interest 3 4 5 4 4 5 6
Depreciation 1 1 1 2 3 3 3
Profit before tax 8 10 -10 3 5 0 -0
Tax % 32% 18% 1% 40% 36% 208%
5 8 -10 2 3 -0 -1
EPS in Rs 1.20 1.74 -2.22 0.45 0.64 -0.09 -0.32
Dividend Payout % 0% 1% 0% 0% 4% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 12%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: -188%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 15%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 23 23
Reserves 18 8 12 15 41 34
43 37 31 49 61 58
23 34 47 38 32 41
Total Liabilities 96 91 101 114 157 157
15 14 29 31 31 28
CWIP 0 1 0 0 0 0
Investments 0 0 0 0 0 0
81 76 72 82 127 128
Total Assets 96 91 101 114 157 157

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 13 10 -11 -37
-8 -1 -1 -4 -3
10 -11 -10 14 43
Net Cash Flow 2 1 -1 -0 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 67 45 36 42
Inventory Days 0 0
Days Payable
Cash Conversion Cycle 72 67 45 36 42
Working Capital Days 49 28 1 10 21
ROCE % -9% 13% 14% 6%

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2020Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
69.31% 69.28% 69.66% 69.91% 70.15% 70.15% 51.18% 51.18% 51.18% 51.18% 51.18% 51.18%
30.69% 30.72% 30.35% 30.09% 29.85% 29.85% 48.82% 48.82% 48.81% 48.81% 48.81% 48.81%
No. of Shareholders 1721682026802,4533,7646,68014,84317,29117,41817,34718,760

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