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Jet Knitwears

NSEI:JETKNIT
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JETKNIT
NSEI
₹212M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Jet Knitwears Limited manufactures and exports cotton hosiery products for men and women in India. The last earnings update was 145 days ago. More info.


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JETKNIT Share Price and Events
7 Day Returns
-4.9%
NSEI:JETKNIT
0.1%
IN Luxury
0.1%
IN Market
1 Year Returns
-59.6%
NSEI:JETKNIT
-14.2%
IN Luxury
-10%
IN Market
JETKNIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jet Knitwears (JETKNIT) -4.9% -9.7% -9.3% -59.6% - -
IN Luxury 0.1% -0.1% 3.8% -14.2% 39.1% 195.4%
IN Market 0.1% -1.9% 4.4% -10% 42.4% 83.4%
1 Year Return vs Industry and Market
  • JETKNIT underperformed the Luxury industry which returned -14.2% over the past year.
  • JETKNIT underperformed the Market in India which returned -10% over the past year.
Price Volatility
JETKNIT
Industry
5yr Volatility vs Market
Related Companies

JETKNIT Value

 Is Jet Knitwears undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
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 ₹48.05.
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 Jet Knitwears's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jet Knitwears's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:JETKNIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹2.89
NSEI:JETKNIT Share Price ** NSEI (2019-01-18) in INR ₹48.05
India Luxury Industry PE Ratio Median Figure of 241 Publicly-Listed Luxury Companies 12.66x
India Market PE Ratio Median Figure of 2,736 Publicly-Listed Companies 17.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jet Knitwears.

NSEI:JETKNIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:JETKNIT Share Price ÷ EPS (both in INR)

= 48.05 ÷ 2.89

16.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jet Knitwears is overvalued based on earnings compared to the IN Luxury industry average.
  • Jet Knitwears is good value based on earnings compared to the India market.
Price based on expected Growth
Does Jet Knitwears's expected growth come at a high price?
Raw Data
NSEI:JETKNIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.9%per year
India Luxury Industry PEG Ratio Median Figure of 31 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 632 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Jet Knitwears, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jet Knitwears's assets?
Raw Data
NSEI:JETKNIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹33.88
NSEI:JETKNIT Share Price * NSEI (2019-01-18) in INR ₹48.05
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.77x
India Market PB Ratio Median Figure of 3,568 Publicly-Listed Companies 1.17x
NSEI:JETKNIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:JETKNIT Share Price ÷ Book Value per Share (both in INR)

= 48.05 ÷ 33.88

1.42x

* Primary Listing of Jet Knitwears.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jet Knitwears is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Jet Knitwears's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Jet Knitwears has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JETKNIT Future Performance

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

  • No analysts cover Jet Knitwears, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jet Knitwears expected to grow at an attractive rate?
  • Jet Knitwears's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Jet Knitwears's earnings growth is positive but not above the India market average.
  • Unable to compare Jet Knitwears's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:JETKNIT Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:JETKNIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15.1%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:JETKNIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:JETKNIT Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 431 -14 12
2017-03-31 433 -22 8
2016-03-31 385 27 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
NSEI:JETKNIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Jet Knitwears Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JETKNIT Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 2.89
2017-03-31 1.93
2016-03-31 1.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Jet Knitwears will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Jet Knitwears's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jet Knitwears has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JETKNIT Past Performance

  How has Jet Knitwears performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jet Knitwears's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jet Knitwears has delivered over 20% year on year earnings growth in the past 5 years.
  • Jet Knitwears's 1-year earnings growth exceeds its 5-year average (52.7% vs 39.4%)
  • Jet Knitwears's earnings growth has exceeded the IN Luxury industry average in the past year (52.7% vs 21%).
Earnings and Revenue History
Jet Knitwears's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jet Knitwears Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:JETKNIT Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 430.58 12.00 25.43
2017-03-31 432.77 7.86 24.81
2016-03-31 385.49 4.10 12.99
2015-03-31 373.18 3.02 13.56
2014-03-31 384.90 1.97 12.51
2013-03-31 355.13 1.67 9.73
2012-03-31 290.04 1.55 7.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jet Knitwears has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jet Knitwears used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Jet Knitwears's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jet Knitwears's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Jet Knitwears 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.

Full details on the Past part of the Simply Wall St company analysis model.

JETKNIT Health

 How is Jet Knitwears's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jet Knitwears's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jet Knitwears is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jet Knitwears's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jet Knitwears's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jet Knitwears Company Filings, last reported 9 months ago.

NSEI:JETKNIT Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 149.33 101.40 14.38
2017-03-31 119.48 89.26 12.72
2016-03-31 69.38 118.17 24.93
2015-03-31 64.00 97.94 6.83
2014-03-31 27.70 122.00 11.83
2013-03-31 25.73 111.84 4.19
2012-03-31 24.06 102.00 2.99
  • Jet Knitwears's level of debt (67.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (434.8% vs 67.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Jet Knitwears's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jet Knitwears has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JETKNIT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Jet Knitwears dividends.
If you bought ₹2,000 of Jet Knitwears shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Jet Knitwears's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jet Knitwears's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:JETKNIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Jet Knitwears has not reported any payouts.
  • Unable to verify if Jet Knitwears's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jet Knitwears's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jet Knitwears has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Jet Knitwears's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jet Knitwears afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jet Knitwears has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JETKNIT Management

 What is the CEO of Jet Knitwears's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Balram Narula
COMPENSATION ₹540,000
AGE 67
TENURE AS CEO 3.6 years
CEO Bio

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.

CEO Compensation
  • 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 Jet Knitwears management team in years:

3.3
Average Tenure
61
Average Age
  • The tenure for the Jet Knitwears management team is about average.
Management Team

Balram Narula

TITLE
MD & Director
COMPENSATION
₹540K
AGE
67
TENURE
3.6 yrs

Ankur Narula

TITLE
Chief Financial Officer
COMPENSATION
₹480K
AGE
39
TENURE
3.3 yrs

Divya Saxena

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹240K
TENURE
1.2 yrs

Anil Narula

TITLE
Whole-Time Director
COMPENSATION
₹540K
AGE
62

Rakesh Narula

TITLE
Whole-Time Director
COMPENSATION
₹540K
AGE
60

Rohit Narula

TITLE
President of Marketing
COMPENSATION
₹480K

Saurabh Narula

TITLE
President of Sales

Gaurav Narula

TITLE
President of Production

Vaibhav Narula

TITLE
Vice President of Production - Kanpur

Prashant Narula

TITLE
Vice President of Production - Tirupur
Board of Directors Tenure

Average tenure and age of the Jet Knitwears board of directors in years:

6.6
Average Tenure
67
Average Age
  • The tenure for the Jet Knitwears board of directors is about average.
Board of Directors

Balram Narula

TITLE
MD & Director
COMPENSATION
₹540K
AGE
67
TENURE
9.8 yrs

Anil Narula

TITLE
Whole-Time Director
COMPENSATION
₹540K
AGE
62
TENURE
22.8 yrs

Rakesh Narula

TITLE
Whole-Time Director
COMPENSATION
₹540K
AGE
60
TENURE
22.8 yrs

Ashok Bajpai

TITLE
Independent & Non-Executive Director
AGE
67
TENURE
3.4 yrs

Ramesh Chandra

TITLE
Independent & Non-Executive Director
AGE
80
TENURE
3.4 yrs

Dinesh Parashar

TITLE
Independent & Non-Executive Director
AGE
68
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Jet Knitwears's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jet Knitwears has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JETKNIT News

External News
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Simply Wall St News

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.

Simply Wall St -

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.

Simply Wall St -

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

Simply Wall St -

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)

Simply Wall St -

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.

Simply Wall St -

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.

Simply Wall St -

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.

Simply Wall St -

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.

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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.

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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.

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JETKNIT Company Info

Map
Description

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.

Details
Name: Jet Knitwears Limited
JETKNIT
Exchange: NSEI
Founded: 1969
₹211,765,960
4,407,200
Website: http://www.jetknit.com
Address: Jet Knitwears Limited
119/410 B-1, Darshan Purwa,
Kanpur,
Uttar Pradesh, 208012,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI JETKNIT Equity Shares National Stock Exchange of India IN INR 09. Oct 2016
Number of employees
Current staff
Staff numbers
59
Jet Knitwears employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/19 12:58
End of day share price update: 2019/01/18 00:00
Last earnings filing: 2018/08/27
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.