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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹39 Cr.
Stock P/E
115.6
P/B
1.7
Current Price
₹89.2
Book Value
₹ 51.8
Face Value
10
52W High
₹110
52W Low
₹ 89.2
Dividend Yield
0%

Jet Knit Overview

1. Business Overview

Jet Knitwears Ltd. is an Indian textile company primarily engaged in the manufacturing and sale of knitted garments and fabrics. Its core business model involves sourcing raw materials (such as yarn), processing them into knitted fabrics, and then converting these fabrics into finished apparel or selling the fabric itself. The company likely caters to both domestic and potentially international markets, serving retailers, wholesalers, other manufacturers, or directly to consumers if it possesses its own brands. Revenue is generated through the sale of its textile products.

2. Key Segments / Revenue Mix

As a textile company, Jet Knitwears' primary revenue stream comes from its manufacturing and sales operations within the textile industry. Without specific financial reporting, it is difficult to break down major business segments precisely. However, typical segments for a knitwear company might include specific product categories (e.g., innerwear, outerwear, sportswear), different material compositions (e.g., cotton, blends), or domestic vs. export sales. The revenue mix would predominantly be from the sale of various knitted textile products.

3. Industry & Positioning

The Indian textile industry is one of the oldest and largest industries in the country, characterized by its fragmented nature with a mix of organized and unorganized players. It is highly competitive, driven by factors like cost efficiency, quality, speed to market, and adherence to fashion trends. Jet Knitwears operates within this competitive landscape, likely positioning itself based on its manufacturing capabilities, product quality, cost-effectiveness, and established customer relationships. Its market standing relative to peers would depend on its scale of operations, brand presence (if any), and market share in specific product niches.

4. Competitive Advantage (Moat)

For a textile manufacturer like Jet Knitwears, potential competitive advantages are often derived from:

Cost Efficiency: Optimized manufacturing processes, economies of scale, and efficient supply chain management can lead to lower production costs.

Established Relationships: Long-standing relationships with suppliers and customers (retailers, brands) can provide stable demand and supply.

Manufacturing Expertise: Specialized knowledge in knitting techniques, fabric treatment, or garment construction can result in superior product quality or unique offerings.

Agility & Responsiveness: Ability to quickly adapt to changing fashion trends and deliver products efficiently.

Brand (if applicable): If the company owns and promotes its own consumer brands, brand recognition and loyalty can be a significant moat. Without specific information, a strong brand moat is not assumed.

5. Growth Drivers

Key factors that can drive growth for Jet Knitwears over the next 3-5 years include:

Rising Disposable Incomes: Increased consumer spending on apparel in India.

Population Growth & Urbanization: Expanding consumer base and shift towards organized retail.

Government Initiatives: Schemes promoting textile manufacturing, exports, and technology upgrades (e.g., PLI schemes, export incentives).

Shift from Unorganized to Organized Sector: Opportunities for established players to capture market share.

Export Opportunities: Growing global demand for textiles and apparel, leveraging India's cost advantage and manufacturing base.

Product Diversification & Innovation: Expanding product lines or adopting new technologies and sustainable practices.

6. Risks

Key business risks for Jet Knitwears include:

Raw Material Price Volatility: Fluctuations in cotton, yarn, and other input material prices can impact profitability.

Intense Competition: Pressure from both domestic and international players, leading to pricing pressures.

Fashion & Demand Changes: Rapid shifts in consumer preferences and fashion trends can lead to inventory obsolescence.

Labor Costs & Availability: Increasing labor costs and potential shortages in skilled workforce.

Currency Fluctuations: For companies involved in exports or imports, adverse movements in foreign exchange rates can impact margins.

Regulatory & Environmental Compliance: Evolving environmental norms and labor laws can increase operational costs.

Supply Chain Disruptions: Global events, logistical challenges, or geopolitical tensions affecting supply chains.

7. Management & Ownership

Jet Knitwears Ltd. is listed on the Indian stock exchange (JETKNIT), indicating it adheres to regulatory and disclosure norms for public companies. In India, many listed companies have a significant portion of ownership held by "promoters" (founding families or groups). The quality of management, their experience in the textile sector, and their strategic vision are crucial for navigating the industry's complexities. Without specific details on the current management team's track record, a detailed assessment is not possible.

8. Outlook

Jet Knitwears operates in a dynamic Indian textile sector, which benefits from strong domestic consumption trends driven by a large and growing population, rising incomes, and urbanization. Government support for the textile industry also presents growth opportunities, particularly in exports and technological upgrades. However, the company faces inherent challenges such as intense competition, volatility in raw material prices, and the need to constantly adapt to changing fashion trends and consumer preferences. Success will depend on its ability to maintain cost efficiencies, innovate products, build strong customer relationships, and effectively manage its supply chain in a challenging global economic environment. The company's future performance will likely be a balance between leveraging India's inherent textile strengths and mitigating industry-specific risks.

Jet Knit Share Price

Live · NSE · Inception: 1996
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Jet Knit Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Jet Knit Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 37 39 43 44 47 45 42 41 37 33 28
Other Income 0 0 0 0 0 0 0 0 0 0 0
Total Income 37 39 43 44 47 45 42 41 37 33 28
Total Expenditure 35 36 40 40 44 41 38 38 33 31 26
Operating Profit 2 2 3 3 4 4 4 3 3 2 2
Interest 1 1 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 0 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 -0 0 0 0
Profit Before Tax 0 1 1 2 2 2 2 2 2 1 1
Provision for Tax 0 0 0 0 1 1 0 0 0 0 0
Profit After Tax 0 0 1 1 1 2 2 1 1 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 1 1 2 2 1 1 1 0
Adjusted Earnings Per Share 1 1.4 1.9 2.7 3.3 3.5 3.8 2.6 2.7 1.2 0.8

Jet Knit Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 7 12 15 16 18 20 21 22 22 23
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 0 1 1 1 1 3 3 2 2 1
Other Non-Current Liabilities 0 -0 -0 0 0 0 0 -0 0 -0 -0
Total Current Liabilities 12 15 12 14 17 15 16 17 16 15 17
Total Liabilities 20 22 25 30 34 34 38 40 40 39 40
Fixed Assets 3 2 2 3 3 2 2 2 2 1 1
Other Non-Current Assets 0 0 1 0 0 0 1 1 1 1 1
Total Current Assets 18 20 22 28 31 32 35 38 38 37 38
Total Assets 20 22 25 30 34 34 38 40 40 39 40

Jet Knit Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 2 1 1 1 3 2 1 4 2
Cash Flow from Operating Activities 0 3 -2 -1 1 4 -2 0 4 1 0
Cash Flow from Investing Activities -1 -0 -1 -1 -1 -0 -0 -0 -1 -0 -0
Cash Flow from Financing Activities -0 -1 2 3 -1 -1 2 -1 -1 -3 -1
Net Cash Inflow / Outflow -1 2 -1 0 -1 2 -1 -1 3 -2 -1
Closing Cash & Cash Equivalent 1 2 1 1 1 3 2 1 4 2 1

Jet Knit Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 1.93 2.72 3.3 3.47 3.77 2.61 2.75 1.25 0.77
CEPS(Rs) 2.88 3.22 3.31 4.13 4.6 4.83 4.97 3.93 3.82 2.45 1.77
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 29.26 33.88 37.18 40.65 44.42 47.02 49.77 51 51.77
Core EBITDA Margin(%) 6.38 6.2 6.53 7.15 7.44 8.37 8.59 7.62 8.84 6.84 7.53
EBIT Margin(%) 4.89 4.8 5.33 5.82 6.29 7.09 7.39 6.18 7.7 5.56 6.11
Pre Tax Margin(%) 1.32 1.62 2.77 3.61 4.07 4.55 5.08 3.75 4.51 1.98 1.95
PAT Margin (%) 0.81 1.06 1.82 2.67 2.95 3.23 3.98 2.67 3.32 1.68 1.21
Cash Profit Margin (%) 2.32 2.51 3.12 4.05 4.11 4.5 5.25 4.03 4.61 3.3 2.77
ROA(%) 1.58 1.94 3.36 4.35 4.54 4.51 4.61 2.93 3 1.39 0.86
ROE(%) 6.59 6.23 8.4 8.93 9.28 8.91 8.86 5.71 5.68 2.48 1.5
ROCE(%) 11.71 10.65 11.7 11.4 12.02 12.32 10.16 7.92 7.97 5.11 4.85
Receivable days 76.36 86.56 100.77 124.22 130.83 137.6 148.67 136.7 148.59 167.04 216.25
Inventory Days 66.12 63.71 45.66 52.82 65.7 78.34 112.51 148.4 190.47 203.97 236.98
Payable days 47.59 45.85 25.8 29.63 44.06 46.04 44.2 52.56 54.11 45.61 53.56
PER(x) 0 0 35.38 37.18 13.04 0 5.04 37.61 23.39 108.24 0
Price/Book(x) 0 0 2.33 2.99 1.16 0 0.43 2.09 1.29 2.65 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.33 0.32 0.82 1.22 0.6 0.26 0.47 1.35 1.05 2.15 0.58
EV/Core EBITDA(x) 5.1 5.12 12.33 16.47 7.73 2.94 5.41 16.76 11.69 29.93 7.56
Net Sales Growth(%) -3.04 3.3 12.24 0.83 8.48 -5.07 -7.14 -1.9 -10.81 -10.28 -13.98
EBIT Growth(%) 14.99 1.51 24.53 13.46 18.56 8.2 -8.22 -13.81 5.82 -35.24 -5.49
PAT Growth(%) 53.53 35.74 91.56 52.69 21.1 5.11 8.67 -30.76 5.38 -54.6 -38.18
EPS Growth(%) 0 0 0 41.47 21.1 5.11 8.67 -30.75 5.37 -54.63 -38.18
Debt/Equity(x) 1.53 1.74 0.74 0.68 0.62 0.56 0.67 0.66 0.65 0.56 0.57
Current Ratio(x) 1.5 1.32 1.83 1.95 1.86 2.06 2.21 2.27 2.35 2.48 2.3
Quick Ratio(x) 0.86 0.92 1.43 1.38 1.29 1.36 1.27 1.08 1.22 1.23 1.2
Interest Cover(x) 1.37 1.51 2.08 2.63 2.83 2.78 3.21 2.55 2.42 1.56 1.47
Total Debt/Mcap(x) 0 0 0.32 0.23 0.54 0 1.57 0.31 0.5 0.21 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -15% -12% -9% -3%
Operating Profit CAGR 0% -13% -13% 0%
PAT CAGR -100% -100% -100%
Share Price CAGR -19% +8% +31%
ROE Average +2% +3% +5% +7%
ROCE Average +5% +6% +7% +10%

Jet Knit Shareholding Pattern

Latest · Jan 2023
100% held
Promoters 68.21 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 31.79 %
# Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Jan 2023
Promoter 68.2168.2168.2168.2168.2168.2168.2168.2168.2168.21
FII 00000000.270.270
DII 0000000000
Public 31.7931.7931.7931.7931.7931.7931.7931.7931.7931.79
Others 0000000000
Total 100100100100100100100100100100

Jet Knit Peer Comparison

Jet Knit Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Jet Knit Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Debtor days have increased from 45.61 to 53.56days.
  • The company has delivered a poor profit growth of -100% over past five years.
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