New Risk • May 29
New minor risk - Financial position The company has negative equity. Total equity: -₹419m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹419m). Revenue is less than US$1m (₹23m revenue, or US$239k). Market cap is less than US$10m (₹29.8m market cap, or US$311.2k). Minor Risks Large one-off items impacting financial results. Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹0.01 (vs ₹1.29 loss in FY 2025) Full year 2026 results: EPS: ₹0.01 (up from ₹1.29 loss in FY 2025). Revenue: ₹22.9m (up 32% from FY 2025). Net income: ₹138.0k (up ₹18.9m from FY 2025). Profit margin: 0.6% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹419m). Revenue is less than US$1m (₹6.7m revenue, or US$70k). Market cap is less than US$10m (₹29.8m market cap, or US$311.2k). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Annonce • May 14
Jalan Transolutions (India) Limited to Report Fiscal Year 2026 Results on May 21, 2026 Jalan Transolutions (India) Limited announced that they will report fiscal year 2026 results on May 21, 2026 Buy Or Sell Opportunity • Jan 06
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to ₹3.55. The fair value is estimated to be ₹2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 19
Now 24% overvalued Over the last 90 days, the stock has fallen 19% to ₹3.60. The fair value is estimated to be ₹2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company became loss making. Annonce • Nov 07
Jalan Transolutions (India) Limited to Report First Half, 2026 Results on Nov 08, 2025 Jalan Transolutions (India) Limited announced that they will report first half, 2026 results on Nov 08, 2025 Annonce • Sep 02
Jalan Transolutions (India) Limited, Annual General Meeting, Sep 27, 2025 Jalan Transolutions (India) Limited, Annual General Meeting, Sep 27, 2025, at 11:00 Indian Standard Time. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹419m). Revenue is less than US$1m (₹7.9m revenue, or US$92k). Market cap is less than US$10m (₹94.5m market cap, or US$1.10m). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹12m free cash flow). Negative equity (-₹390m). Revenue is less than US$1m (₹30m revenue, or US$348k). Market cap is less than US$10m (₹145.4m market cap, or US$1.70m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non Executive Director Ritu Jalan was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Non Executive Director Ritu Jalan was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹12m free cash flow). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Negative equity (-₹390m). Revenue is less than US$1m (₹42m revenue, or US$496k). Market cap is less than US$10m (₹64.7m market cap, or US$766.3k). Annonce • Sep 12
Jalan Transolutions (India) Limited, Annual General Meeting, Sep 28, 2024 Jalan Transolutions (India) Limited, Annual General Meeting, Sep 28, 2024, at 11:00 Indian Standard Time. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹400m). Earnings have declined by 6.0% per year over the past 5 years. Revenue is less than US$1m (₹54m revenue, or US$642k). Market cap is less than US$10m (₹44.3m market cap, or US$530.0k). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • Jun 04
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹59m (US$710k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹400m). Earnings have declined by 6.0% per year over the past 5 years. Revenue is less than US$1m (₹59m revenue, or US$710k). Market cap is less than US$10m (₹53.8m market cap, or US$643.7k). New Risk • May 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹243m). Earnings have declined by 5.4% per year over the past 5 years. Market cap is less than US$10m (₹58.9m market cap, or US$708.7k). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (₹97m revenue, or US$1.2m). New Risk • Feb 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Negative equity (-₹243m). Earnings have declined by 5.4% per year over the past 5 years. Market cap is less than US$10m (₹91.6m market cap, or US$1.10m). Minor Risk Revenue is less than US$5m (₹97m revenue, or US$1.2m). New Risk • Oct 13
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹244m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹244m). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (₹65.4m market cap, or US$785.5k). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₹97m revenue, or US$1.2m). Annonce • Sep 06
Jalan Transolutions (India) Limited, Annual General Meeting, Sep 27, 2023 Jalan Transolutions (India) Limited, Annual General Meeting, Sep 27, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Annual Audited Financial Statements of the Company for the financial year ended on March 31, 2023 and Reports of Board of Directors and Report of Auditors thereon and other business means. Reported Earnings • May 31
Full year 2023 earnings released: ₹9.08 loss per share (vs ₹9.74 loss in FY 2022) Full year 2023 results: ₹9.08 loss per share (improved from ₹9.74 loss in FY 2022). Revenue: ₹98.5m (up 66% from FY 2022). Net loss: ₹132.1m (loss narrowed 6.8% from FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹9.20, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 27x in the Transportation industry in India. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹8.35, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 18x in the Transportation industry in India. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹7.45, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 19x in the Transportation industry in Asia. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹9.85, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 18x in the Transportation industry in India. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹10.45, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 21x in the Transportation industry in India. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹12.10, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 22x in the Transportation industry in India. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 26% share price gain to ₹9.50, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 24x in the Transportation industry in India. Total returns to shareholders of 184% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Sanjay Sharma is the most experienced director on the board, commencing their role in 2020. Independent Director Anil Kumar was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Nov 06
First half 2023 earnings released: ₹1.18 loss per share (vs ₹13.64 loss in 1H 2022) First half 2023 results: ₹1.18 loss per share (improved from ₹13.64 loss in 1H 2022). Revenue: ₹29.5m (up 59% from 1H 2022). Net loss: ₹17.1m (loss narrowed 91% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Sanjay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Sanjay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2022 earnings released: ₹9.74 loss per share (vs ₹9.36 loss in FY 2021) Full year 2022 results: ₹9.74 loss per share (down from ₹9.36 loss in FY 2021). Revenue: ₹59.8m (down 64% from FY 2021). Net loss: ₹141.6m (loss widened 4.1% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Jun 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Sanjay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Sanjay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Sanjay Sharma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 09
New 90-day high: ₹3.70 The company is up 19% from its price of ₹3.10 on 09 December 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 46% over the same period. Annonce • Sep 19
Jalan Transolutions (India) Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 Jalan Transolutions (India) Limited announced that they will report fiscal year 2020 results on Jun 30, 2020