Jet Airways (I)

₹46.6 1 | 2.1%

WEBSITE BSE:532617 NSE : JETAIRWAYS 18 May, 12:50

Market Cap ₹529 Cr.

Stock P/E -0.8

P/B -0

Current Price ₹46.6

Book Value ₹ -1545.6

Face Value 10

52W High ₹75.3

Dividend Yield 0%

52W Low ₹ 35.6

Edit Ratio

Jet Airways (I) Research see more...

Overview Inc. Year: 1992Industry: Airlines

Jet Airways (India) Ltd is an India-based agency, which operates international airline. The Company's segments include Domestic and International. The Company operates flights to about sixty six locations, which include India and foreign countries. The Company operates a fleet of 114 aircraft, comprising Boeing 777-300 ERs, Airbus A330-200/300, Next Generation Boeing 737s and ATR 72-500/600s. Its check-in consists of Web check-in, cellular check-in, kiosk check-in and other check-in alternatives. Its airports and lounges encompass airport information, lounges, bus services and coach services. Its immigration and visas include fast-track immigration, passport and visas, steady flight passenger statistics and digital system for journey authorization. The Company operates flights to the global destinations in South East Asia, South Asia, the Middle East, Europe and North America.

Jet Airways (I) Share Price

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Peer Comparison

Jet Airways (I) Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
Net Sales	9	74	41	11	11	13	12	12	12	38
Other Income	8	1	4	2	1	1	1	0	3	2
Total Income	18	75	45	13	12	13	14	13	16	39
Total Expenditure	83	156	60	73	202	360	280	222	35	53
Operating Profit	-65	-81	-15	-60	-191	-347	-267	-209	-19	-14
Interest	4	3	1	1	1	1	1	1	1	1
Depreciation	39	45	45	43	42	42	40	38	35	36
Exceptional Income / Expenses	0	0	-245	0	0	0	0	0	0	0
Profit Before Tax	-107	-129	-306	-104	-234	-390	-308	-249	-55	-51
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-107	-129	-306	-104	-234	-390	-308	-249	-55	-51
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-107	-129	-306	-104	-234	-390	-308	-249	-55	-51
Adjusted Earnings Per Share	-9.4	-11.4	-26.9	-9.2	-20.6	-34.3	-27.1	-21.9	-4.8	-4.5

Jet Airways (I) Profit & Loss

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	TTM
Net Sales	12934	15266	17360	17805	20132	21281	21552	23287	23057	333	74
Other Income	196	357	551	412	707	630	1489	672	257	21	6
Total Income	13129	15623	17911	18217	20839	21911	23041	23958	23314	354	82
Total Expenditure	11241	15041	16458	19290	20248	18953	20037	23263	26718	1871	590
Operating Profit	1888	583	1454	-1073	591	2958	3004	696	-3404	-1517	-509
Interest	1120	971	1119	997	884	868	851	843	982	302	4
Depreciation	911	940	927	876	763	995	671	621	442	296	149
Exceptional Income / Expenses	189	73	107	-722	-759	79	0	0	-708	-727	0
Profit Before Tax	47	-1255	-486	-3668	-1814	1174	1482	-768	-5536	-2841	-663
Provision for Tax	37	-19	0	-0	0	0	-0	0	0	0	0
Profit After Tax	10	-1236	-486	-3668	-1814	1174	1483	-768	-5536	-2841	-663
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	10	-1236	-486	-3668	-1814	1174	1483	-768	-5536	-2841	-663
Adjusted Earnings Per Share	1.1	-143.2	-56.2	-322.9	-159.7	103.3	130.5	-67.6	-487.3	-250.1	-58.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-99%	-75%	-56%	0%
Operating Profit CAGR	0%	NAN%	NAN%	0%
PAT CAGR	0%	NAN%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-18%	-20%	-19%	-16%
ROE Average	0%	0%	0%	-83%
ROCE Average	0%	1%	16%	5%

Jet Airways (I) Balance Sheet

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Shareholder's Funds	2604	1181	-343	-2228	-4090	-3014	-6476	-7242	-12695	-15580
Minority's Interest	0	0	0	0	0	0	0	0	0	0
Borrowings	9048	8774	6869	6546	6607	6210	6968	5086	765	0
Other Non-Current Liabilities	160	521	490	579	1396	1240	452	468	989	889
Total Current Liabilities	8875	10404	11738	13472	14944	14725	11704	14189	22054	21618
Total Liabilities	20687	20879	18755	18369	18857	19161	12648	12501	11113	6927
Fixed Assets	13616	13782	10777	9635	9231	8805	4895	2911	2658	1217
Other Non-Current Assets	3908	3757	3927	4740	4213	4161	2418	2537	2537	2520
Total Current Assets	3163	3340	4050	3995	5413	6195	5335	7053	5919	3190
Total Assets	20687	20879	18755	18369	18857	19161	12648	12501	11113	6927

Jet Airways (I) Cash Flow

#(Fig in Cr.)	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Opening Cash & Cash Equivalents	111	146	69	142	295	955	310	537	321	204
Cash Flow from Operating Activities	1319	2241	1839	921	528	2531	961	1698	1834	-2620
Cash Flow from Investing Activities	14	293	1677	-342	-173	-739	1645	-359	32	917
Cash Flow from Financing Activities	-1297	-2610	-3444	-427	305	-2438	-2379	-1555	-1982	1606
Net Cash Inflow / Outflow	35	-76	73	153	660	-645	227	-216	-117	-96
Closing Cash & Cash Equivalent	146	69	142	295	955	310	537	321	204	108

Jet Airways (I) Ratios

#	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Earnings Per Share (Rs)	1.12	-143.18	-56.24	-322.87	-159.66	103.31	130.5	-67.57	-487.3	-250.13
CEPS(Rs)	106.6	-34.31	51.09	-245.78	-92.54	190.9	189.56	-12.94	-448.37	-224.09
DPS(Rs)	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	96.92	-62.49	-113.58	-223.87	-387.82	-293.08	-570.06	-637.5	-1117.55	-1371.47
Core EBITDA Margin(%)	13.08	1.48	5.2	-8.34	-0.58	10.94	7.03	0.1	-15.87	-461.14
EBIT Margin(%)	9.02	-1.86	3.65	-15	-4.62	9.59	10.83	0.32	-19.75	-761.61
Pre Tax Margin(%)	0.36	-8.22	-2.8	-20.6	-9.01	5.51	6.88	-3.3	-24.01	-852.14
PAT Margin (%)	0.07	-8.1	-2.8	-20.6	-9.01	5.51	6.88	-3.3	-24.01	-852.14
Cash Profit Margin (%)	7.12	-1.94	2.54	-15.68	-5.22	10.19	9.99	-0.63	-22.09	-763.45
ROA(%)	0.05	-5.95	-2.45	-19.76	-9.74	6.17	9.32	-6.1	-46.88	-31.5
ROE(%)	1.16	-831.69	0	0	0	0	0	0	0	0
ROCE(%)	8.03	-2.11	5.55	-29.39	-12.07	27.26	46.27	4	0	0
Receivable days	25.07	26.69	25.77	24.54	23.47	25.77	25.05	20.48	13.43	234.65
Inventory Days	18.29	17.81	16.45	16.3	15.69	16.95	13.11	7.68	7.3	453.38
Payable days	0	0	0	0	0	0	0	0	0	0
PER(x)	398.37	0	0	0	0	5.29	4.03	0	0	0
Price/Book(x)	4.61	-5.22	-4.55	-1.11	-1.26	-1.87	-0.92	-0.96	-0.24	-0.01
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.3	1.01	0.86	0.68	0.77	0.73	0.63	0.6	0.42	26.06
EV/Core EBITDA(x)	8.87	26.5	10.23	-11.3	26.15	5.26	4.5	20.07	-2.83	-5.73
Net Sales Growth(%)	23.53	18.04	13.72	2.56	13.07	5.71	1.27	8.05	-0.98	-98.55
EBIT Growth(%)	121.95	-124.36	322.98	-521.61	65.19	319.62	14.29	-96.78	-6152.79	44.24
PAT Growth(%)	102.07	0	60.72	-655.48	50.55	164.7	26.33	-151.78	-621.16	48.67
EPS Growth(%)	102.07	0	60.72	-474.12	50.55	164.7	26.33	-151.78	-621.16	48.67
Debt/Equity(x)	16.11	-24.32	-11.47	-4.11	-2.7	-3.25	-1.4	-1.16	-0.61	-0.56
Current Ratio(x)	0.36	0.32	0.35	0.3	0.36	0.42	0.46	0.5	0.27	0.15
Quick Ratio(x)	0.28	0.25	0.28	0.24	0.3	0.35	0.41	0.46	0.25	0.13
Interest Cover(x)	1.04	-0.29	0.57	-2.68	-1.05	2.35	2.74	0.09	-4.64	-8.41
Total Debt/Mcap(x)	3.49	4.65	2.52	3.7	2.15	1.74	1.52	1.21	2.51	57.09

Jet Airways (I) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	24.99	24.99	24.99	24.99	24.99	24.99	24.99	24.99	24.99	24.99
FII	0.18	0.18	0.2	0.21	0.22	0.22	0.2	0.21	0.21	0.21
DII	26.08	26.08	26.08	28.15	28.15	28.15	28.15	28.15	28.15	28.15
Public	48.75	48.75	48.73	46.65	46.64	46.64	46.66	46.65	46.65	46.65
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.84	2.84	2.84	2.84	2.84	2.84	2.84	2.84	2.84	2.84
FII	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
DII	2.96	2.96	2.96	3.2	3.2	3.2	3.2	3.2	3.2	3.2
Public	5.54	5.54	5.54	5.3	5.3	5.3	5.3	5.3	5.3	5.3
Others	0	0	0	0	0	0	0	0	0	0
Total	11.36	11.36	11.36	11.36	11.36	11.36	11.36	11.36	11.36	11.36

Pros

Stock is trading at -0 times its book value
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 24.99%.
Company has a low return on equity of 0% over the last 3 years.

* 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.