Jet Knitwears Ltd

Jet Knitwears Ltd

₹ 109 -10.00%
22 Apr 2024
About

Incorporated in 1969, Jet Knitwears Ltd is a manufacturer of Cotton Hosiery products[1]

Key Points

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.

  • Market Cap 48.2 Cr.
  • Current Price 109
  • High / Low 139 / 50.0
  • Stock P/E 45.5
  • Book Value 50.9
  • Dividend Yield 0.00 %
  • ROCE 7.88 %
  • ROE 5.53 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.84% over past five years.
  • Company has a low return on equity of 6.66% over last 3 years.
  • Company has high debtors of 151 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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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
24.09 20.84 18.68 20.98 20.50 20.43 18.95 17.55 17.31
22.02 18.96 17.04 19.04 18.73 18.93 17.24 16.03 15.89
Operating Profit 2.07 1.88 1.64 1.94 1.77 1.50 1.71 1.52 1.42
OPM % 8.59% 9.02% 8.78% 9.25% 8.63% 7.34% 9.02% 8.66% 8.20%
0.00 0.00 0.00 0.03 0.00 -0.04 0.00 0.05 0.01
Interest 0.59 0.61 0.44 0.52 0.50 0.54 0.55 0.61 0.55
Depreciation 0.29 0.32 0.32 0.21 0.29 0.29 0.23 0.24 0.24
Profit before tax 1.19 0.95 0.88 1.24 0.98 0.63 0.93 0.72 0.64
Tax % 23.53% 36.84% 42.05% 8.06% 27.55% 30.16% 30.11% 20.83% 23.44%
0.92 0.61 0.52 1.14 0.71 0.44 0.64 0.57 0.49
EPS in Rs 2.09 1.38 1.18 2.59 1.61 1.00 1.45 1.29 1.11
Raw PDF
Upcoming result date: today

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
28.28 34.75 37.61 36.77 38.54 42.58 42.58 45.92 43.33 38.15 39.50 35.01 34.86
26.48 32.85 35.59 34.39 36.09 39.75 39.37 42.25 39.37 34.57 36.22 31.78 31.92
Operating Profit 1.80 1.90 2.02 2.38 2.45 2.83 3.21 3.67 3.96 3.58 3.28 3.23 2.94
OPM % 6.36% 5.47% 5.37% 6.47% 6.36% 6.65% 7.54% 7.99% 9.14% 9.38% 8.30% 9.23% 8.43%
0.03 0.11 0.02 0.01 -0.04 0.05 0.02 0.01 0.00 0.03 -0.04 0.05 0.06
Interest 1.20 1.29 1.29 1.33 1.23 1.11 0.99 1.10 1.21 0.96 1.04 1.16 1.16
Depreciation 0.41 0.46 0.46 0.56 0.56 0.57 0.62 0.57 0.60 0.53 0.58 0.47 0.48
Profit before tax 0.22 0.26 0.29 0.50 0.62 1.20 1.62 2.01 2.15 2.12 1.62 1.65 1.36
Tax % 31.82% 34.62% 31.03% 38.00% 33.87% 34.17% 25.93% 27.36% 28.84% 21.70% 29.01% 26.67%
0.16 0.17 0.20 0.30 0.41 0.79 1.20 1.45 1.53 1.66 1.15 1.21 1.06
EPS in Rs 0.96 1.02 1.20 1.00 1.37 1.93 2.72 3.29 3.47 3.77 2.61 2.75 2.40
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: 0%
5 Years: -4%
3 Years: -7%
TTM: -11%
Compounded Profit Growth
10 Years: 21%
5 Years: 0%
3 Years: -8%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 71%
1 Year: 53%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 7%
Last Year: 6%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1.67 1.67 1.67 3.00 3.00 4.08 4.41 4.41 4.41 4.41 4.41 4.41 4.41
Reserves 0.74 0.90 1.10 3.40 3.94 7.86 10.53 11.98 13.51 15.17 16.32 17.53 18.02
10.20 11.18 12.20 9.79 11.81 8.88 10.14 10.18 10.03 13.14 13.61 13.98 13.50
3.17 3.59 3.07 4.06 3.23 4.07 5.27 7.39 6.12 5.59 6.30 4.59 5.14
Total Liabilities 15.78 17.34 18.04 20.25 21.98 24.89 30.35 33.96 34.07 38.31 40.64 40.51 41.07
2.37 2.32 2.59 2.56 2.16 2.22 2.58 2.52 2.34 2.14 1.76 1.57 1.91
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.00
Investments 0.00 0.00 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
13.41 15.02 15.38 17.62 19.82 22.67 27.77 31.44 31.73 36.17 38.88 38.69 39.16
Total Assets 15.78 17.34 18.04 20.25 21.98 24.89 30.35 33.96 34.07 38.31 40.64 40.51 41.07

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1.59 1.43 2.16 0.06 2.73 -2.20 -1.41 0.85 3.86 -2.12 0.19 4.13
-1.05 -0.40 -0.80 -0.53 -0.09 -0.62 -0.97 -0.51 -0.43 -0.33 -0.20 -0.54
-0.59 -0.91 -0.66 -0.03 -0.75 1.60 2.54 -1.06 -1.36 1.64 -0.57 -0.80
Net Cash Flow -0.05 0.12 0.70 -0.51 1.88 -1.22 0.17 -0.71 2.08 -0.81 -0.58 2.78

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 55.11 56.72 70.17 83.18 93.76 119.92 142.64 148.56 143.12 162.65 140.64 151.28
Inventory Days 159.46 122.63 83.25 113.12 84.80 51.00 87.97 100.89 120.17 192.15 243.33 254.94
Days Payable 56.39 43.00 35.92 47.71 39.54 22.96 35.36 53.95 34.09 49.70 57.72 42.54
Cash Conversion Cycle 158.18 136.34 117.50 148.59 139.03 147.97 195.25 195.49 229.19 305.10 326.25 363.68
Working Capital Days 129.07 116.80 109.37 129.44 131.74 144.01 180.36 184.81 191.22 266.07 280.45 306.41
ROCE % 11.83% 11.76% 11.00% 11.75% 10.93% 11.47% 11.33% 12.04% 12.33% 10.09% 8.05% 7.88%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
68.07% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21% 68.21%
31.92% 31.79% 31.80% 31.80% 31.79% 31.79% 31.79% 31.80% 31.79% 31.79% 31.79% 31.79%
No. of Shareholders 272259242234224215201170169169125111

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