NSEI:JETKNIT

Stock Analysis Report

Executive Summary

Jet Knitwears Limited manufactures and sells cotton hosiery products in India.


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has Jet Knitwears's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JETKNIT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

JETKNIT

6.6%

IN Luxury

9.3%

IN Market


1 Year Return

-40.1%

JETKNIT

-22.1%

IN Luxury

-24.1%

IN Market

Return vs Industry: JETKNIT underperformed the Indian Luxury industry which returned -25.1% over the past year.

Return vs Market: JETKNIT underperformed the Indian Market which returned -26.5% over the past year.


Shareholder returns

JETKNITIndustryMarket
7 Day0%6.6%9.3%
30 Day0%-19.0%-12.6%
90 Dayn/a-22.5%-24.1%
1 Year-40.1%-40.1%-21.4%-22.1%-22.6%-24.1%
3 Yearn/a3.0%0.6%-10.9%-15.8%
5 Yearn/a44.6%39.3%0.3%-4.9%

Price Volatility Vs. Market

How volatile is Jet Knitwears's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jet Knitwears undervalued compared to its fair value and its price relative to the market?

5.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JETKNIT (₹24.75) is trading above our estimate of fair value (₹3.06)

Significantly Below Fair Value: JETKNIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JETKNIT is good value based on its PE Ratio (5.7x) compared to the Luxury industry average (8.2x).

PE vs Market: JETKNIT is good value based on its PE Ratio (5.7x) compared to the Indian market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JETKNIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JETKNIT is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is Jet Knitwears forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jet Knitwears has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jet Knitwears performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JETKNIT has high quality earnings.

Growing Profit Margin: JETKNIT's current net profit margins (3.1%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: JETKNIT's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: JETKNIT's earnings growth over the past year (13.9%) is below its 5-year average (29% per year).

Earnings vs Industry: JETKNIT earnings growth over the past year (13.9%) exceeded the Luxury industry 7.5%.


Return on Equity

High ROE: JETKNIT's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Jet Knitwears's financial position?


Financial Position Analysis

Short Term Liabilities: JETKNIT's short term assets (₹349.6M) exceed its short term liabilities (₹193.9M).

Long Term Liabilities: JETKNIT's short term assets (₹349.6M) exceed its long term liabilities (₹10.2M).


Debt to Equity History and Analysis

Debt Level: JETKNIT's debt to equity ratio (72.6%) is considered high.

Reducing Debt: JETKNIT's debt to equity ratio has reduced from 238.9% to 72.6% over the past 5 years.

Debt Coverage: JETKNIT's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: JETKNIT's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Jet Knitwears's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JETKNIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate JETKNIT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JETKNIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JETKNIT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JETKNIT's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Balram Narula (68yo)

4.83s

Tenure

₹540,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Balram's total compensation ($USD7.11K) is below average for companies of similar size in the Indian market ($USD47.89K).

Compensation vs Earnings: Balram's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Balram Narula
MD & Director4.83yrs₹540.00k10.9% 11.9m
Ankur Narula
Chief Financial Officer4.58yrs₹600.00k2.5% 2.7m
Divya Saxena
Company Secretary & Compliance Officer2.42yrs₹216.00kno data
Anil Narula
Whole-Time Director24yrs₹540.00k15.63% 17.1m
Rakesh Narula
Whole-Time Director24yrs₹540.00k11.16% 12.2m
Rohit Narula
President of Marketingno data₹480.00k4.84% 5.3m
Saurabh Narula
President of Salesno datano datano data
Gaurav Narula
President of Productionno datano datano data
Vaibhav Narula
Vice President of Production - Kanpurno datano datano data
Prashant Narula
Vice President of Production - Tirupurno datano data1.38% 1.5m

4.6yrs

Average Tenure

62yo

Average Age

Experienced Management: JETKNIT's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Balram Narula
MD & Director4.83yrs₹540.00k10.9% 11.9m
Anil Narula
Whole-Time Director24yrs₹540.00k15.63% 17.1m
Rakesh Narula
Whole-Time Director24yrs₹540.00k11.16% 12.2m
Ashok Bajpai
Independent & Non-Executive Director4.67yrsno datano data
Ramesh Chandra
Independent & Non-Executive Director4.67yrsno datano data
Dinesh Parashar
Independent & Non-Executive Director4.58yrsno datano data

7.8yrs

Average Tenure

68yo

Average Age

Experienced Board: JETKNIT's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jet Knitwears Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jet Knitwears Limited
  • Ticker: JETKNIT
  • Exchange: NSEI
  • Founded: 1969
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹109.078m
  • Shares outstanding: 4.41m
  • Website: https://www.jetlycot.com

Number of Employees


Location

  • Jet Knitwears Limited
  • 119/410, B-1, Darshanpurwa
  • Kanpur
  • Uttar Pradesh
  • 208012
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JETKNITNSEI (National Stock Exchange of India)YesEquity SharesININROct 2016

Biography

Jet Knitwears Limited manufactures and sells cotton hosiery products in India. It offers jeans, vests, track pants, bermudas, brassiere, panties, leggings, palazzo, ankle length pants, socks, t-shirts, thermals, lowers, etc.; and underwear, including boxers, briefs, and trunks for men, women, and kids. The company markets its products under the Lycot Australia, Jet, Jet Eco, Fresh-Long, Boski, and Take-off brand names through its network of retailers and dealers, as well as online. It also exports its products. Jet Knitwears Limited was founded in 1969 and is headquartered in Kanpur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 13:28
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.