Price
Financials
Standalone, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.15 | 0.16 | 0.15 | 0.02 | 0.43 | 0.17 | 0.19 | 0.67 | -0.13 | 0.35 | 0.20 |
| Expenses | 0.32 | 0.39 | 0.26 | 0.39 | 0.32 | 0.24 | 0.23 | 0.28 | 0.49 | 0.70 | 0.64 | 1.40 |
| Operating Profit | -0.32 | -0.24 | -0.10 | -0.24 | -0.30 | 0.19 | -0.06 | -0.09 | 0.18 | -0.83 | -0.29 | -1.20 |
| OPM % | -160.00% | -62.50% | -160.00% | -1,500.00% | 44.19% | -35.29% | -47.37% | 26.87% | -82.86% | -600.00% | ||
| Other Income | 0.16 | 0.20 | 0.15 | 0.20 | 0.08 | 0.10 | 0.08 | 0.17 | 0.10 | 0.66 | 0.32 | 1.22 |
| Interest | 0.09 | 0.08 | 0.04 | 0.08 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.05 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.26 | -0.13 | 0.01 | -0.13 | -0.22 | 0.29 | 0.02 | 0.05 | 0.28 | -0.22 | 0.03 | 0.02 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.00% | -27.27% | 33.33% | 50.00% |
| Net Profit | -0.26 | -0.13 | 0.00 | -0.13 | -0.23 | 0.28 | 0.02 | 0.04 | 0.20 | -0.16 | 0.02 | 0.02 |
| EPS in Rs | -0.62 | -0.31 | 0.00 | -0.31 | -0.55 | 0.67 | 0.05 | 0.10 | 0.31 | -0.16 | 0.02 | 0.02 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.44 | 6.91 | 2.53 | 2.33 | 2.75 | 0.44 | 0.15 | 0.36 | 0.46 | 0.35 | 0.54 | 0.55 |
| Expenses | 7.68 | 6.69 | 2.63 | 2.71 | 3.03 | 1.15 | 0.71 | 0.43 | 0.58 | 0.51 | 1.19 | 2.04 |
| Operating Profit | 0.76 | 0.22 | -0.10 | -0.38 | -0.28 | -0.71 | -0.56 | -0.07 | -0.12 | -0.16 | -0.65 | -1.49 |
| OPM % | 9.00% | 3.18% | -3.95% | -16.31% | -10.18% | -161.36% | -373.33% | -19.44% | -26.09% | -45.71% | -120.37% | -270.91% |
| Other Income | 0.19 | 0.49 | 0.76 | 0.92 | 0.61 | 0.46 | 0.35 | 0.17 | 0.18 | 0.26 | 0.76 | 1.54 |
| Interest | 0.12 | 0.23 | 0.43 | 0.35 | 0.21 | 0.17 | 0.17 | 0.05 | 0.00 | 0.03 | 0.05 | 0.00 |
| Depreciation | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Profit before tax | 0.81 | 0.46 | 0.22 | 0.18 | 0.11 | -0.44 | -0.39 | 0.04 | 0.05 | 0.06 | 0.05 | 0.05 |
| Tax % | 33.33% | 32.61% | 36.36% | 33.33% | 36.36% | -6.82% | 0.00% | 0.00% | 0.00% | 0.00% | 40.00% | 20.00% |
| Net Profit | 0.54 | 0.31 | 0.13 | 0.12 | 0.07 | -0.41 | -0.39 | 0.04 | 0.06 | 0.06 | 0.04 | 0.04 |
| EPS in Rs | 1.29 | 0.74 | 0.31 | 0.29 | 0.17 | -0.98 | -0.93 | 0.10 | 0.14 | 0.14 | 0.04 | 0.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -22% | 30% | 6% | 2% | ||
| Compounded Profit Growth | % | % | % | -2425% | ||
| Stock Price CAGR | -15% | -32% | -11% | -56% | ||
| Return on Equity | -2% | -2% | -2% | -5% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.05 | 1.05 | 1.05 | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 4.19 | 10.05 | 11.88 |
| Reserves | 4.63 | 4.93 | 5.06 | 5.18 | 4.20 | 3.80 | 3.41 | 3.45 | 3.50 | 1.47 | 7.82 | 8.90 |
| Borrowings | 1.05 | 3.78 | 3.29 | 1.97 | 1.84 | 1.64 | 1.80 | 0.38 | 0.69 | 0.44 | 0.43 | 0.30 |
| Other Liabilities | 3.83 | 0.81 | 1.31 | 0.56 | 0.68 | 0.57 | 0.66 | 0.79 | 1.16 | 1.12 | 4.36 | 1.09 |
| Total Liabilities | 10.56 | 10.57 | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.17 |
| Fixed Assets | 0.16 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.44 | 10.44 |
| Other Assets | 10.40 | 10.43 | 10.57 | 8.63 | 8.69 | 7.99 | 7.87 | 6.62 | 7.36 | 7.14 | 12.15 | 11.73 |
| Total Assets | 10.56 | 10.57 | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.17 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3.66 | -0.93 | 1.45 | 0.05 | -0.83 | -0.85 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -4.17 |
| Cash from Investing Activity | -2.78 | -0.52 | -2.74 | 1.58 | 1.39 | 1.23 | 0.35 | 0.17 | 0.18 | 0.26 | -9.68 | 1.61 |
| Cash from Financing Activity | -0.78 | 1.71 | 0.99 | -1.66 | -0.32 | -0.37 | 0.00 | -1.46 | 0.30 | -0.27 | 12.12 | 2.87 |
| Net Cash Flow | 0.10 | 0.26 | -0.31 | -0.04 | 0.24 | 0.01 | 0.23 | -0.31 | 0.16 | -0.30 | -0.03 | 0.32 |
| Free Cash Flow | 3.65 | -0.93 | 1.44 | 0.05 | -0.84 | -0.86 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -3.14 |
| CFO/OP | 541% | -373% | -1,500% | -16% | 296% | 124% | 21% | -1,414% | 275% | 181% | 375% | 279% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58.82 | 173.78 | 308.74 | 148.82 | 87.60 | 530.91 | 1,557.33 | 354.86 | 547.50 | 750.86 | 351.48 | 358.36 |
| Inventory Days | 455.55 | 165.00 | 16,881.25 | 9,900.62 | 1,642.50 | 1,354.34 | ||||||
| Days Payable | 94.28 | 101.67 | 1,368.75 | 456.25 | 82.12 | 76.84 | ||||||
| Cash Conversion Cycle | 420.08 | 237.12 | 308.74 | 148.82 | 87.60 | 530.91 | 17,069.83 | 354.86 | 547.50 | 10,195.23 | 1,911.86 | 1,635.86 |
| Working Capital Days | 142.28 | 175.90 | 845.42 | 941.48 | 776.45 | 4,512.73 | 11,777.33 | 5,262.08 | 4,046.74 | 5,704.43 | 4,907.22 | 6,589.91 |
| ROCE % | 14.88% | 8.37% | 6.78% | 6.02% | 3.92% | -3.44% | -2.96% | 1.36% | 0.82% | 1.45% | 0.82% | -4.62% |
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Nov 2024 | Mar 2025 | May 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.22% | 67.22% | 67.22% | 57.49% | 48.14% | 42.41% | 22.72% | 14.70% | 14.70% | 12.44% | 12.44% | 12.55% |
| Public | 32.78% | 32.77% | 32.78% | 42.52% | 51.87% | 57.59% | 77.27% | 85.30% | 85.30% | 87.56% | 87.57% | 87.45% |
| No. of Shareholders | 74 | 75 | 73 | 167 | 210 | 239 | 224 | 250 | 239 | 247 | 260 | 261 |
Fundamentals
Market Cap₹ 7.96 Cr.
Current Price₹ 6.70
Book Value₹ 17.5
ROCE-4.62 %
ROE-4.81 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-2425%
Standalone figures.
Valuation
Market capRs 8 Cr
Enterprise valueRs 7 Cr
P/E (TTM)189.13x
Price to book0.36x
Price to sales13.75x
EV / EBITDA149.90x
EV / EBIT149.90x
EV / sales13.63x
Earnings yield0.53%
P/E, 3-year average335.49x
P/B, 3-year average0.91x
P/E, 5-year average242.75x
P/B, 5-year average0.88x
Profitability
Operating margin (excl. other income)-270.91%
Operating margin (incl. other income)9.09%
EBITDA margin9.09%
Pre-tax margin9.09%
Net profit margin7.27%
ROE0.21%
ROCE0.25%
ROA0.18%
ROE, 3-year average0.54%
ROCE, 3-year average0.84%
ROA, 3-year average0.42%
ROE, 5-year average0.68%
ROCE, 5-year average0.94%
ROA, 5-year average0.53%
ROIC (approx.)0.19%
Tax rate20.00%
Other income / net worth7.41%
Growth
Sales growth (latest year)1.85%
Profit growth (latest year)0.00%
Sales CAGR, 3 years6.14%
Sales CAGR, 5 years29.67%
Profit CAGR, 3 years-12.64%
Per share
EPS (TTM)Rs 0.03
EPS (latest year)Rs 0.03
EPS, 3-year averageRs 0.07
EPS, 5-year averageRs 0.14
Book value per shareRs 17.50
Sales per shareRs 0.46
Cash flow per shareRs -3.51
Free cash flow per shareRs -2.64
Efficiency
Asset turnover0.02x
Inventory turnover0.28x
Inventory days1287 days
Debtor days358 days
Debtors turnover1.02x
Creditor days77 days
Cash conversion cycle1636 days
Working capital days6590 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.01x
Net debt / EBITDA-1.40x
Owners' fund to total sources93.73%
Debt to assets1.35%
Cash flow
Cash from Operating Activity (latest year)Rs -4 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years-26.08x
Statement figures
Net sales (TTM)Rs 1 Cr
Net sales (latest year)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 12 Cr
ReservesRs 9 Cr
Shareholders' fundsRs 21 Cr
Total assetsRs 22 Cr
InvestmentsRs 10 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)1.19
Ownership
Promoter holding12.55% (-2.15 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 189.1 is at the 8th percentile of its own 3.1-year range
(median 318.6, low 169.8, high 396.9).
P/B 0.36 is the lowest in 6.6 years (median 6.04).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 538794 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -7.7% | -2.8% | -4.9 pts |
| 1 month | -40.2% | -6.8% | -33.4 pts |
| 3 years | -32.7% | +14.2% | -46.9 pts |
| 5 years | -86.1% | +27.9% | -114.0 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -4943% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 19% of total assets in 2026 |
| explain | Share dilution Share count up 18% in a year, 183% in three |
| look | Profit leans on other income Other income was 3080% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹0 Cr +5.3% vs Mar 2024.
Net profit ₹0 Cr -50.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Max Estates Ltd | 9,312 | 1,586 | 1.40 % |
| Embassy Developments Ltd | 7,833 | -2.44 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Jet Solar Ltd?
Jet Solar Ltd (538794) has a market capitalisation of Rs 7.96 Cr. at the 2026-09-30 close.
What were Jet Solar Ltd's latest quarterly results?
In the Mar 2026 quarter, Jet Solar Ltd sales was Rs 0 Cr (+5.3% vs Mar 2024) and net profit was Rs 0 Cr.