MarketFriction

Jet Airways (India) Ltd

NSE JETAIRWAYS · BSE 532617 · Airline
₹34.16 -5.01%
NSE close2024-11-07
Market cap₹388 Cr.
No trades in 30 days

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
Revenue from operations10109744111111312121238
Operating costs23648315660732023602802223553
EBITDA-13-55-73-83-19-62-191-348-268-210-22-15
EBITDA margin %-129%-572%-781%-112%-46%-585%-1,740%-2,775%-2,151%-1,697%-180%-40%
Depreciation & amortisation495639454543424240383536
Finance costs1744311111111
Non-operating income2317181-2412111032
Pre-tax profit152-44-107-129-306-104-234-390-308-249-55-51
Effective tax rate %0%0%0%0%0%0%0%0%0%0%0%0%
Profit after tax152-44-107-129-306-104-234-390-308-249-55-51
Earnings per share (Rs)13.42-3.88-9.42-11.35-26.92-9.17-20.57-34.34-27.13-21.90-4.84-4.46
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue from operations17,36017,30219,57322,03621,55223,28723,057333391365075
Operating costs16,45318,75919,68819,70720,02423,26326,7181,871277491897590
EBITDA908-1,457-1152,3281,52824-3,660-1,538-238-355-848-515
EBITDA margin %5%-8%-0.6%11%7%0.1%-16%-461%-617%-260%-1,705%-689%
Depreciation & amortisation927876762995671621442296196174156150
Finance costs1,11999788486885184398230229744
Non-operating income652-338-537081,476672-452-706311-23766
Pre-tax profit-486-3,668-1,8141,1741,482-768-5,536-2,841-152-773-1,002-663
Effective tax rate %0%-0%0%0%-0%0%0%0%0%0%0%
Profit after tax-486-3,668-1,8141,1741,483-768-5,536-2,841-152-773-1,002-663
Earnings per share (Rs)-56.24-322.88-159.66103.31130.51-67.57-487.31-250.13-13.38-68.01-88.21-58.33
Paid out as dividend %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR-44%-71%-47%0%
Profit CAGR-1%-7%15%16%
Share price CAGR-23%-20%-15%%
Average return on equity%%%%
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Net block (property, plant)13,78210,7779,6359,2318,8054,8953,6083,3431,8911,2441,071891
Capital work in progress2001947092500000
Investments1,6461,6461,6416961,1961,231697696696696696696
Current & other assets5,4496,6167,4739,4289,7075,8418,1917,0764,3844,2513,9934,045
Total assets20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632
Share capital8686114114114114114114114114114114
Reserves & surplus1,095-429-2,341-4,204-3,128-6,589-7,356-12,809-15,693-15,846-16,618-17,620
Total debt13,11911,24910,44811,90310,8139,0788,4037,6848,6593,5863,5463,561
Other liabilities & provisions6,5808,13310,52911,56211,91310,07511,35916,12613,89318,33718,71819,577
Equity + liabilities20,87919,03918,74919,37419,71212,67712,52111,1156,9726,1915,7605,632
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating cash flow2,2411,8399215282,5319611,6981,834-2,620765314
Investing cash flow2931,677-342-173-7391,645-359329174926814
Free cash flow (after capex)2,4043,7301,3525162,2662,2998221,569-2,61356611827
Financing cash flow-2,610-3,444-427305-2,438-2,379-1,555-1,9821,606-456-4611
Net change in cash-7673153660-645227-216-117-961137539
Cash conversion (OCF / EBITDA) %12,225%206%-67%-468%109%57%7,006%-52%171%-32%-15%-2%
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Return on capital employed %-3%2%-21%-4%25%35%4%
Receivable days312526262723207132421139
Inventory days
Payable days
Cash cycle (days)312526262723207132421139
Working capital days-186-173-216-205-165-142-132-273-20,253-171,120-50,263-144,283
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Dec 2025Mar 2026
Promoter group %24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%24.99%
Foreign investors %0.22%0.22%0.20%0.21%0.21%0.21%0.21%0.01%0.01%0.01%0.01%0.01%
Domestic institutions %28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%28.15%
Retail & others %46.63%46.64%46.66%46.66%46.65%46.65%46.63%46.84%46.84%46.84%46.84%46.84%
Shareholder count1,64,3701,62,1481,59,2121,55,9191,53,7591,51,5251,49,2991,48,1291,48,8561,48,8341,48,8131,48,793

Fundamentals

Market value₹ 388 Cr.
Last price₹ 34.2
Book value / share₹ -1,541
Return on capital%
Return on equity%
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)0%
Profit CAGR (TTM)16%
Standalone figures.
Valuation
Market capRs 388 Cr
Enterprise valueRs 3,602 Cr
Price to book-0.02x
Price to sales5.19x
EV / sales48.18x
Price to cash flow26.93x
Earnings yield-170.75%
P/B, 5-year average-0.13x
Profitability
Operating margin (excl. other income)-1704.77%
Operating margin (incl. other income)-1693.60%
EBITDA margin-680.30%
Pre-tax margin-886.32%
Net profit margin-886.32%
Net margin, latest quarter-134.81%
ROE5.89%
ROA-17.59%
ROE, 3-year average3.89%
ROA, 3-year average-10.94%
ROE, 5-year average17.46%
ROA, 5-year average-22.22%
Other income / net worth-0.03%
Growth
Sales growth (latest year)-63.56%
Sales CAGR, 3 years-46.97%
Sales CAGR, 5 years-70.77%
Sales growth QoQ203.72%
Sales growth YoY (latest quarter)199.84%
Per share
EPS (TTM)Rs -58.33
EPS (latest quarter)Rs -4.46
EPS, 5-year averageRs -368.72
Book value per shareRs -1,541.06
Sales per shareRs 6.58
Cash flow per shareRs 1.27
Efficiency
Asset turnover0.01x
Fixed asset turnover0.06x
Inventory turnover0.00x
Inventory days751474 days
Debtor days39 days
Debtors turnover9.42x
Leverage
Total debtRs 3,561 Cr
Cash and bankRs 347 Cr
Net debtRs 3,214 Cr
Debt to equity-0.20x
Interest coverage-177.60x
Owners' fund to total sources-310.84%
Debt to assets63.23%
Cash flow
Operating cash flow (latest year)Rs 14 Cr
Investing cash flow (latest year)Rs 14 Cr
Financing cash flow (latest year)Rs 11 Cr
Net change in cash (latest year)Rs 39 Cr
Sales to cash flow3.45x
Statement figures
Net sales (TTM)Rs 75 Cr
Net sales (latest year)Rs 50 Cr
Sales (latest quarter)Rs 38 Cr
Operating profit excl. other income (latest year)Rs -848 Cr
Operating profit (latest quarter)Rs -15 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs -509 Cr
PBDT (TTM)Rs -512 Cr
Profit before tax (TTM)Rs -663 Cr
Net profit (TTM)Rs -663 Cr
Net profit (latest year)Rs -1,002 Cr
Net profit (latest quarter)Rs -51 Cr
Depreciation (TTM)Rs 150 Cr
Depreciation (latest quarter)Rs 36 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 897 Cr
Total income (latest year)Rs 55 Cr
Share capitalRs 114 Cr
ReservesRs -17,620 Cr
Shareholders' fundsRs -17,506 Cr
Total assetsRs 5,632 Cr
Net blockRs 891 Cr
InvestmentsRs 696 Cr
ReceivablesRs 5 Cr
InventoryRs 371 Cr
Other liabilitiesRs 19,577 Cr
Shares outstanding (crore)11.36
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodJETAIRWAYSNifty 50Difference
1 week-3.9%-2.8% -1.1 pts
1 month-12.6%-6.8% -5.8 pts
3 months-12.8%-7.6% -5.2 pts
6 months-26.5%+0.4% -26.9 pts
1 year-40.4%-9.9% -30.5 pts
2 years-63.2%-13.6% -49.7 pts
3 years-63.5%+14.2% -77.7 pts
5 years+47.9%+27.9% +20.0 pts

Red flags

F-score 3 of 8
seriousNegative equity Shareholders' equity is negative
explainReceivables outrunning sales Receivables grew 25% vs sales -64% in 2023
lookInventory outrunning sales Inventory grew -1% vs sales -64% in 2023
lookRepeated losses Net loss in each of the last two years
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

Jun 2023
Sales ₹38 Cr +192.3% vs Jun 2022. Net loss ₹51 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-05-28 Annual General Meeting
2018-08-01 Annual General Meeting
2017-09-01 Annual General Meeting
2016-12-19 Annual General Meeting
2015-08-06Annual General Meeting
2014-07-25Annual General Meeting
2013-07-26Annual General Meeting
2012-07-17Annual General Meeting
2011-08-05Annual General Meeting
2010-08-16Annual General Meeting
2009-08-04Annual General Meeting
2008-09-25Annual General Meeting
2007-09-13Agm/Div-Rs.6/- Per Sh
2006-09-07Agm/Div-Rs.6/- Per Sh
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 Airways (India) Ltd?

Jet Airways (India) Ltd (JETAIRWAYS) has a market capitalisation of Rs 388 Cr. at the 2024-11-07 close.

What were Jet Airways (India) Ltd's latest quarterly results?

In the Jun 2023 quarter, Jet Airways (India) Ltd sales was Rs 38 Cr (+192.3% vs Jun 2022) with a net loss of Rs 51 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03