Jet Knitwears Ltd
Incorporated in 1969, Jet Knitwears Ltd is a manufacturer of Cotton Hosiery products[1]
- 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
Half Yearly Results
Figures in Rs. Crores
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: | 22% |
3 Years: | 79% |
1 Year: | 81% |
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% |
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.