Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Jet Knitwears. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Jet Knitwears's earnings available for a low price, and how does
this compare to other companies in the same industry?
Jet Knitwears's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Jet Knitwears is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Jet Knitwears's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Balram Kumar Narula founded Jet Knitwears Pvt. Ltd. in 1996 and has been its Managing Director since June 01, 2015. Mr. Narula has a rich experience of more than 45 years in Manufacturing and Marketing of Undergarments, a premium brand "LYCOT AUSTRALIA" was introduced in 2008 which is a highly admired brand with products ranging from undergarments to garments for all age groups. Under his guidance, Jet Knitwears achieved the quality products benchmarking by winning 11 National Awards from the Government of India, including the most coveted First Prize in Undergarment category in India. He has served the following associations: Designated Member of Indian Industries Association, Kanpur, Uttar Pradesh; Patron of Indian Industries Association, Kanpur, Uttar Pradesh for the year 2012-13; Member of Executive Committee, Indian Industries Association, Kanpur, Uttar Pradesh for the year 2010-11; Ex- Vice President of ASSOCHAM, Uttar Pradesh for the year 2010; Ex-Member of Shram Bandhu, Kanpur, Uttar Pradesh Government for the year 2008-09; Ex- Chairman, State Taxation VAT Committee of ASSOCHAM, Uttar Pradesh for the year 2008; Member of Uttar Pradesh Trade Tax Advisory Committee, Kanpur, Uttar Pradesh Government for 2004-07 and Patron of Kanpur Udyog Vyapar Mandal, Kanpur.
Balram's compensation has been consistent with company performance over the past year.
Balram's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Jet Knitwears management team is about average.
MD & Director
Chief Financial Officer
Company Secretary & Compliance Officer
President of Marketing
President of Sales
President of Production
Vice President of Production - Kanpur
Vice President of Production - Tirupur
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Jet Knitwears board of directors is about average.
Why You Should Like Jet Knitwears Limited’s (NSE:JETKNIT) ROCE
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
What You Must Know About Jet Knitwears Limited's (NSE:JETKNIT) Financial Strength
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.
Is Jet Knitwears Limited's (NSE:JETKNIT) ROE Of 8.0% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every ₹1 worth of equity in the company, it was able to earn ₹0.080. … Return on Equity = Net Profit ÷ Shareholders' Equity
What Do You Get For Owning Jet Knitwears Limited (NSE:JETKNIT)?
and looking to gauge the potential return on investment in Jet Knitwears Limited (NSE:JETKNIT). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Jet Knitwears, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
What Investors Should Know About Jet Knitwears Limited's (NSE:JETKNIT) Financial Strength
Investors are always looking for growth in small-cap stocks like Jet Knitwears Limited (NSE:JETKNIT), with a market cap of ₹304.40m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.
Why Jet Knitwears Limited (NSE:JETKNIT) Delivered An Inferior ROE Compared To The Industry
and want a simplistic look at the return on Jet Knitwears Limited (NSE:JETKNIT) stock. … With an ROE of 6.58%, Jet Knitwears Limited (NSE:JETKNIT) returned in-line to its own industry which delivered 7.44% over the past year. … But what is more interesting is whether JETKNIT can sustain or improve on this level of return.
Should You Sell Jet Knitwears Limited (NSE:JETKNIT) At This PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JETKNIT Price per share = ₹67.95 Earnings per share = ₹1.93 ∴ Price-Earnings Ratio = ₹67.95 ÷ ₹1.93 = 35.2x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since JETKNIT's P/E of 35.2x is higher than its industry peers (16.9x), it means that investors are paying more than they should for each dollar of JETKNIT's earnings. … For example, if you are inadvertently comparing riskier firms with JETKNIT, then JETKNIT’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.
Is Jet Knitwears Limited (NSE:JETKNIT) A Financially Sound Company?
With this reduction in debt, JETKNIT's cash and short-term investments stands at ₹12.72M , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … In JETKNIT's, case, the ratio of 2.14x suggests that interest is not strongly covered, which means that lenders may refuse to lend the company more money, as it is seen as too risky in terms of default.Next Steps: JETKNIT’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Is Jet Knitwears Limited's (NSE:JETKNIT) Balance Sheet Strong Enough To Weather A Storm?
How does JETKNIT’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … In JETKNIT's, case, the ratio of 2.14x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: JETKNIT’s debt and cash flow levels indicate room for improvement.
Is Jet Knitwears Limited's (NSE:JETKNIT) PE Ratio A Signal To Sell For Investors?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JETKNIT Price per share = ₹136.5 Earnings per share = ₹1.93 ∴ Price-Earnings Ratio = ₹136.5 ÷ ₹1.93 = 70.7x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with JETKNIT, then investors would naturally value JETKNIT at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with JETKNIT, investors would also value JETKNIT at a higher price since it is a higher growth investment.
Jet Knitwears Limited manufactures and exports cotton hosiery products for men and women in India. It offers vests, brassiere, panties, socks, t-shirts, thermals, lowers, etc.; and underwear, including boxers, briefs, and trunks for men, women, and children. The company markets its products under Lycot Australia, Jet, Jet Eco, Fresh-Long, Boski, and Take-off brand names through its network for retailers, dealers, and online. Jet Knitwears Limited was founded in 1969 and is based in Kanpur, India.
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