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 | 5.91 | 10.31 | 1.86 | 4.06 | 2.94 | 6.76 | 2.93 | 2.44 | 0.53 | 0.26 | 0.94 | 1.35 |
| Expenses | 5.22 | 12.13 | 3.68 | 5.22 | 3.66 | 4.28 | 2.53 | 2.36 | 0.75 | 0.42 | 0.90 | 1.34 |
| Operating Profit | 0.69 | -1.82 | -1.82 | -1.16 | -0.72 | 2.48 | 0.40 | 0.08 | -0.22 | -0.16 | 0.04 | 0.01 |
| OPM % | 11.68% | -17.65% | -97.85% | -28.57% | -24.49% | 36.69% | 13.65% | 3.28% | -41.51% | -61.54% | 4.26% | 0.74% |
| Other Income | 0.21 | -7.66 | -16.52 | 7.70 | 0.20 | -13.46 | 0.25 | -15.46 | 1.42 | -0.47 | 0.00 | -0.04 |
| Interest | 0.43 | 1.90 | 0.72 | 0.24 | 0.66 | 0.27 | 0.14 | 0.02 | 0.02 | 2.32 | 0.00 | 0.00 |
| Depreciation | 1.32 | 1.48 | 0.93 | 0.72 | 0.56 | 0.48 | 0.41 | 0.32 | 0.11 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.85 | -12.86 | -19.99 | 5.58 | -1.74 | -11.73 | 0.10 | -15.72 | 1.07 | -2.95 | 0.04 | -0.03 |
| Tax % | 0.00% | -0.78% | -0.80% | -1.61% | -2.30% | -1.96% | -30.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -0.84 | -12.77 | -19.83 | 5.67 | -1.71 | -11.50 | 0.13 | -15.75 | 1.08 | -2.95 | 0.04 | -0.03 |
| EPS in Rs | -0.58 | -8.78 | -13.64 | 3.90 | -1.18 | -7.91 | 0.09 | -10.83 | 0.74 | -2.03 | 0.03 | -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 | 92.68 | 114.68 | 129.43 | 138.16 | 45.88 | 18.00 | 16.22 | 5.92 | 9.69 | 5.37 | 0.79 | 2.29 |
| Expenses | 77.36 | 95.34 | 105.37 | 114.34 | 40.81 | 29.56 | 17.35 | 8.86 | 7.88 | 4.89 | 1.17 | 2.24 |
| Operating Profit | 15.32 | 19.34 | 24.06 | 23.82 | 5.07 | -11.56 | -1.13 | -2.94 | 1.81 | 0.48 | -0.38 | 0.05 |
| OPM % | 16.53% | 16.86% | 18.59% | 17.24% | 11.05% | -64.22% | -6.97% | -49.66% | 18.68% | 8.94% | -48.10% | 2.18% |
| Other Income | 1.03 | 1.01 | 1.52 | 1.03 | 1.12 | 0.55 | -7.45 | -8.87 | -13.31 | -15.21 | 0.94 | -0.04 |
| Interest | 6.53 | 8.59 | 9.98 | 6.94 | 6.58 | 1.05 | 2.33 | 0.96 | 0.93 | 0.16 | 2.33 | 0.00 |
| Depreciation | 8.55 | 7.53 | 7.55 | 7.92 | 4.69 | 3.56 | 2.80 | 1.65 | 1.04 | 0.73 | 0.11 | 0.00 |
| Profit before tax | 1.27 | 4.23 | 8.05 | 9.99 | -5.08 | -15.62 | -13.71 | -14.42 | -13.47 | -15.62 | -1.88 | 0.01 |
| Tax % | 45.67% | 30.97% | 37.02% | 39.34% | -13.58% | -2.11% | -0.73% | -1.73% | -2.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | 0.69 | 2.92 | 5.06 | 6.06 | -4.40 | -15.30 | -13.61 | -14.16 | -13.21 | -15.62 | -1.88 | 0.01 |
| EPS in Rs | 1.01 | 4.10 | 4.73 | 4.17 | -3.03 | -10.52 | -9.36 | -9.74 | -9.09 | -10.74 | -1.29 | 0.01 |
| 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 | -32% | -32% | -38% | 190% | ||
| Compounded Profit Growth | -32% | 15% | -42% | 103% | ||
| Stock Price CAGR | % | -34% | -31% | -62% | ||
| Return on Equity | % | % | % | % |
| 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 | 6.87 | 7.13 | 10.69 | 14.54 | 14.54 | 14.54 | 14.54 | 14.54 | 14.54 | 14.54 | 14.54 | 14.54 |
| Reserves | 3.44 | 6.35 | 7.85 | 27.77 | 17.33 | 2.03 | -11.58 | -25.74 | -38.95 | -54.57 | -56.45 | -56.43 |
| Borrowings | 58.72 | 66.94 | 72.54 | 52.37 | 49.07 | 46.25 | 43.51 | 28.11 | 42.05 | 40.09 | 35.11 | 30.31 |
| Other Liabilities | 4.05 | 5.14 | 17.16 | 17.15 | 18.92 | 14.79 | 14.02 | 16.16 | 8.62 | 8.46 | 7.31 | 12.45 |
| Total Liabilities | 73.08 | 85.56 | 108.24 | 111.83 | 99.86 | 77.61 | 60.49 | 33.07 | 26.26 | 8.52 | 0.51 | 0.87 |
| Fixed Assets | 38.45 | 35.54 | 41.43 | 27.80 | 21.03 | 17.74 | 14.85 | 10.39 | 8.67 | 7.33 | 0.00 | 0.00 |
| CWIP | 0.50 | 0.58 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.60 | 0.67 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 33.53 | 48.77 | 66.64 | 84.03 | 78.83 | 59.87 | 45.64 | 22.68 | 17.59 | 1.19 | 0.51 | 0.87 |
| Total Assets | 73.08 | 85.56 | 108.24 | 111.83 | 99.86 | 77.61 | 60.49 | 33.07 | 26.26 | 8.52 | 0.51 | 0.87 |
| 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 | 6.91 | 4.24 | 0.00 | -1.00 | 10.26 | 3.76 | 2.85 | -0.24 | 0.67 | 0.94 | 0.17 | 7.59 |
| Cash from Investing Activity | -4.01 | -3.99 | 0.00 | 6.96 | 3.18 | -0.26 | -0.02 | 2.75 | 0.70 | 0.61 | 7.23 | 0.00 |
| Cash from Financing Activity | -2.78 | -0.10 | 0.00 | -6.39 | -13.57 | -3.67 | -2.75 | -2.38 | -1.61 | -1.61 | -7.35 | -7.50 |
| Net Cash Flow | 0.12 | 0.14 | 0.00 | -0.43 | -0.13 | -0.17 | 0.08 | 0.14 | -0.25 | -0.06 | 0.05 | 0.09 |
| Free Cash Flow | 3.53 | 5.32 | 0.00 | 5.76 | 12.87 | 3.50 | 2.83 | 2.51 | 1.29 | 1.55 | 7.40 | 7.59 |
| CFO/OP | 46% | 23% | 0% | -2% | 274% | -33% | -252% | 8% | 37% | 196% | -45% | 15,180% |
| 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 | 117.56 | 126.39 | 142.61 | 161.63 | 467.63 | 892.83 | 817.09 | 1,238.66 | 643.74 | 47.58 | 198.67 | 105.20 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 117.56 | 126.39 | 142.61 | 161.63 | 467.63 | 892.83 | 817.09 | 1,238.66 | 643.74 | 47.58 | 198.67 | 105.20 |
| Working Capital Days | 118.35 | -3.60 | 33.59 | 83.98 | 171.52 | 140.73 | -95.19 | -955.66 | -1,037.37 | -2,873.10 | -16,974.81 | -5,438.34 |
| ROCE % | 11.24% | 16.10% | 19.48% | 17.25% | 1.10% | -20.28% | -6.13% | -14.29% | 5.33% | 3.62% |
| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.52% | 73.52% | 55.12% | 50.41% | 46.22% | 39.99% | 39.66% | 39.66% | 27.90% | 27.65% | 21.58% | 19.19% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.17% | 0.00% | 0.00% | 0.19% | 0.19% |
| Public | 26.48% | 26.47% | 44.89% | 49.59% | 53.78% | 60.01% | 60.34% | 60.18% | 72.10% | 72.35% | 78.23% | 80.63% |
| No. of Shareholders | 461 | 447 | 552 | 559 | 561 | 778 | 827 | 870 | 1,100 | 947 | 939 | 948 |
Fundamentals
Market Cap₹ 2.54 Cr.
Current Price₹ 1.75
Stock P/E50.8
Book Value₹ -28.8
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)190%
Compounded Profit Growth (TTM)103%
Standalone figures.
Valuation
Market capRs 2 Cr
Enterprise valueRs 33 Cr
P/E (TTM)239.86x
Price to book-0.06x
Price to sales1.05x
EV / EBITDA3260.86x
EV / EBIT3260.86x
EV / sales14.24x
Price to cash flow0.32x
Earnings yield0.42%
P/E, 3-year average254.40x
P/B, 3-year average-0.20x
P/E, 5-year average254.40x
P/B, 5-year average-0.59x
Profitability
Operating margin (excl. other income)2.18%
Operating margin (incl. other income)0.44%
EBITDA margin0.44%
Pre-tax margin0.44%
Net profit margin0.44%
ROE-0.02%
ROA1.45%
ROE, 3-year average17.68%
ROCE, 3-year average-174.69%
ROA, 3-year average-43.34%
ROE, 5-year average94.19%
ROCE, 5-year average-96.58%
ROA, 5-year average-40.96%
Other income / net worth0.10%
Growth
Sales growth (latest year)189.87%
Sales CAGR, 3 years-38.17%
Sales CAGR, 5 years-32.40%
Per share
EPS (TTM)Rs 0.01
EPS (latest year)Rs 0.01
EPS, 3-year averageRs -4.01
EPS, 5-year averageRs -6.17
Book value per shareRs -28.82
Sales per shareRs 1.58
Cash flow per shareRs 5.22
Free cash flow per shareRs 5.22
Efficiency
Asset turnover2.63x
Debtor days105 days
Debtors turnover3.47x
Cash conversion cycle105 days
Working capital days-5438 days
Leverage
Total debtRs 30 Cr
Cash and bankRs 0 Cr
Net debtRs 30 Cr
Debt to equity-0.72x
Net debt / EBITDA3021.00x
Owners' fund to total sources-4814.94%
Debt to assets3483.91%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Financing Activity (latest year)Rs -8 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Sales to cash flow0.30x
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 15 Cr
ReservesRs -56 Cr
Shareholders' fundsRs -42 Cr
Total assetsRs 1 Cr
ReceivablesRs 1 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)1.45
Ownership
Promoter holding19.19% (-20.47 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 239.9 is at the 86th percentile of its own 2.4-year range
(median 10.8, low 2.0, high 312.6).
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 | JALAN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.9% | -2.8% | -0.2 pts |
| 1 month | -13.2% | -6.8% | -6.4 pts |
| 3 months | -17.5% | -7.6% | -9.9 pts |
| 6 months | -51.5% | +0.4% | -51.9 pts |
| 1 year | -80.4% | -9.9% | -70.4 pts |
| 2 years | -54.8% | -13.6% | -41.2 pts |
| 3 years | -68.9% | +14.2% | -83.0 pts |
| 5 years | -87.5% | +27.9% | -115.3 pts |
Red flags
F-score 8 of 8| serious | Negative equity Shareholders' equity is negative |
| look | On NSE surveillance On NSE surveillance: ESM, GSM |
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 ₹1 Cr -44.7% vs Mar 2024.
Net loss ₹0 Cr.
Activity
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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.
| Order date | Forum | Case |
|---|---|---|
| 2021-04-08 | NCLAT | SRLK Enterprises LLP VS Jalan Transolutions India Ltd |
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
ESM: stage 1GSMLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly tradedScrip PE is greater than 50 (4 trailing quarters)