Jet Knitwears

how big is Jet Knitwears?

As of Jun 05, Jet Knitwears Ltd has a market capitalization of 48.00 Cr, classifying it as a Micro Cap company, with recent net sales of 14.82 Cr and a net profit of -0.36 Cr for the quarter ending September 2024. The latest balance sheet shows shareholder's funds of 22.48 Cr and total assets of 38.91 Cr.

Market Cap: As of Jun 05, Jet Knitwears Ltd has a market capitalization of 48.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest quarter ending in September 2024, Jet Knitwears reported net sales of 14.82 Cr and a net profit of -0.36 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: The Standalone balance sheet for the latest annual period ending in March 2024 shows shareholder's funds of 22.48 Cr and total assets of 38.91 Cr.

What does Jet Knitwears do?

Jet Knitwears Ltd is a micro-cap manufacturer of cotton hosiery products, incorporated in 1969 and based in Kanpur, Uttar Pradesh. As of September 2024, it reported net sales of 15 Cr and a market cap of Rs 48 Cr.

Overview:<BR>Jet Knitwears Ltd is a leading manufacturer of cotton hosiery products in the Garments & Apparels industry, categorized as a Micro Cap company.<BR><BR>History:<BR>Jet Knitwears Ltd was incorporated on April 02, 1969, in Kanpur, Uttar Pradesh, initially as 'Jet Knitwears Private Limited'. The company changed its name to Jet Knitwears Limited on April 01, 2015. The latest quarterly results reported net sales and net profit for the period ending September 2024.<BR><BR>Financial Snapshot:<BR>Net Sales: 15 Cr (Quarterly Results - Sep 2024) <BR>Net Profit: 0 Cr (Quarterly Results - Sep 2024) <BR>Market Cap: Rs 48 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 48.00 <BR>Industry P/E: 24 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.48 <BR>Return on Equity: 1.56% <BR>Price to Book: 2.16 <BR><BR>Contact Details:<BR>Address: 119/410 B 1 Darshanpurwa, Kanpur Uttar Pradesh: 208012 <BR>Tel: 91-512-2217553 <BR>Email: info@jetknit.com <BR>Website: http://www.jetlycot.com

When is the next results date for Jet Knitwears?

No Upcoming Board Meetings

Has Jet Knitwears declared dividend?

No Dividend History Available

Who are the peers of the Jet Knitwears?

Jet Knitwears' peers include Trent, Page Industries, K P R Mill Ltd, and Vedant Fashions, among others. Jet Knitwears has Below Average management risk and growth, with a 1-year return of 0.00%, compared to Page Industries' highest return of 26.58%.

Peers: The peers of Jet Knitwears are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Katare Spinning, Akshar Spintex, United Cotfab, GTN Industries, Laxmi Cotspin.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is noted at Trident, Akshar Spintex, and GTN Industries, while Below Average management risk is seen at Katare Spinning and Laxmi Cotspin. Jet Knitwears has Below Average management risk. In terms of growth, Excellent growth is seen at K P R Mill Ltd, while Good growth is noted at Trent. Below Average growth is observed at Page Industries, Vedant Fashions, Trident, Katare Spinning, Akshar Spintex, GTN Industries, and Laxmi Cotspin, with Jet Knitwears also having Below Average growth. Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Below Average is found at Katare Spinning, Akshar Spintex, GTN Industries, and Laxmi Cotspin, with Jet Knitwears also rated Below Average.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Akshar Spintex at -67.40%. Jet Knitwears has a 1-year return of 0.00%, which is significantly lower than Page Industries and higher than Akshar Spintex. Additionally, several peers, including Vedant Fashions, Katare Spinning, Akshar Spintex, United Cotfab, GTN Industries, and Laxmi Cotspin, have negative six-month returns.

What is the technical trend for Jet Knitwears?

As of June 2, 2025, Jet Knitwears is in a mildly bearish trend, with mixed signals from key indicators like the MACD, RSI, and moving averages suggesting limited upward momentum.

As of 2 June 2025, the technical trend for Jet Knitwears has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD shows a mildly bearish position. The RSI is bearish on a monthly basis, contributing to the overall mildly bearish sentiment. Moving averages on the daily time frame are bearish, reinforcing the lack of upward momentum. Both the KST and Bollinger Bands are showing mixed signals, with the KST being mildly bullish weekly but mildly bearish monthly, and Bollinger Bands indicating a sideways movement in both time frames. Dow Theory and OBV show no clear trends. Overall, the current stance is mildly bearish, with key indicators like the daily moving averages and monthly RSI driving this outlook.

Who are in the management team of Jet Knitwears?

As of March 2022, the management team of Jet Knitwears includes Balram Kumar Narula (Managing Director), Anil Kumar Narula and Rakesh Kumar Narula (Whole-time Directors), Ashok Chandra Bajpai and Ramesh Chandra (Independent Directors), Dinesh Parashar (Director), and Vishesh Tiwari (Company Secretary & Compliance Officer).

As of March 2022, the management team of Jet Knitwears includes the following individuals:<BR><BR>1. Balram Kumar Narula - Managing Director<BR>2. Anil Kumar Narula - Whole-time Director<BR>3. Rakesh Kumar Narula - Whole-time Director<BR>4. Ashok Chandra Bajpai - Independent Director<BR>5. Ramesh Chandra - Independent Director<BR>6. Dinesh Parashar - Director<BR>7. Vishesh Tiwari - Company Secretary & Compliance Officer<BR><BR>These members play various roles in overseeing the operations and governance of the company.

Who are the top shareholders of the Jet Knitwears?

The top shareholders of Jet Knitwears include promoter Anil Kumar Narula with 10.1% and public shareholder Manoj Agarwal with 12.81%. Individual investors collectively hold 20.8%, with no mutual funds or foreign institutional investors involved, and no pledged promoter holdings.

The top shareholders of Jet Knitwears include Anil Kumar Narula, who is the promoter with the highest holding at 10.1%. The highest public shareholder is Manoj Agarwal, holding 12.81%. Additionally, individual investors collectively hold 20.8% of the shares. There are no mutual funds or foreign institutional investors currently holding shares in the company, and there are no pledged promoter holdings.

Is Jet Knitwears overvalued or undervalued?

As of November 6, 2025, Jet Knitwears is considered very expensive and overvalued, with a PE ratio of 130.96 and an EV to EBITDA of 26.87, significantly higher than its peers like K P R Mill Ltd and Trident, and has underperformed the Sensex with a year-to-date return of -5.45%.

As of 6 November 2025, the valuation grade for Jet Knitwears has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued. Key ratios reveal a PE ratio of 130.96, an EV to EBITDA of 26.87, and a ROCE of just 4.92%, which are substantially higher than industry norms.<BR><BR>In comparison to peers, K P R Mill Ltd has a PE ratio of 43.81, while Trident stands at 32.8, both of which are significantly lower than Jet Knitwears. This stark contrast suggests that Jet Knitwears is priced at a premium without justifiable performance metrics. Additionally, the company's stock has underperformed relative to the Sensex, with a year-to-date return of -5.45% compared to the Sensex's 7.89%, further reinforcing the notion that it is overvalued in the current market environment.

How has been the historical performance of Jet Knitwears?

Jet Knitwears has experienced a consistent decline in net sales and profits from Mar'19 to Mar'25, with net sales dropping from 47.33 Cr to 28.17 Cr and profit after tax decreasing from 1.45 Cr to 0.35 Cr. Overall, the financial metrics indicate a challenging period for the company.

Answer:<BR>The historical performance of Jet Knitwears shows a declining trend in net sales and profits over the past several years.<BR><BR>Breakdown:<BR>Jet Knitwears has experienced a consistent decline in net sales, dropping from 47.33 Cr in Mar'19 to 28.17 Cr in Mar'25. This decline is mirrored in total operating income, which decreased from 47.33 Cr in Mar'19 to 28.17 Cr in Mar'25. The raw material costs have also decreased, from 35.33 Cr in Mar'19 to 19.29 Cr in Mar'25, contributing to a reduction in total expenditure from 43.66 Cr in Mar'19 to 26.02 Cr in Mar'25. Operating profit (PBDIT) has followed a similar downward trajectory, falling from 3.68 Cr in Mar'19 to 2.15 Cr in Mar'25. Profit before tax and profit after tax have also seen declines, with profit before tax decreasing from 2.01 Cr in Mar'19 to 0.55 Cr in Mar'25, and profit after tax dropping from 1.45 Cr in Mar'19 to 0.35 Cr in Mar'25. The earnings per share (EPS) have significantly decreased from 3.29 in Mar'19 to 0.79 in Mar'25. On the balance sheet, total liabilities increased slightly from 33.94 Cr in Mar'20 to 39.89 Cr in Mar'25, while total assets have shown a similar trend, moving from 33.94 Cr in Mar'20 to 39.89 Cr in Mar'25. Overall, the financial metrics indicate a challenging period for Jet Knitwears, with declining revenues and profits.

Why is Jet Knitwears Ltd falling/rising?

As of 04-Mar, Jet Knitwears Ltd's stock price is stable at 89.20 but has fallen weekly for eight weeks, resulting in 0% returns. Despite outperforming its sector by 1.53%, it has declined 18.91% over the past year, indicating a challenging environment for the stock.

As of 04-Mar, Jet Knitwears Ltd's stock price is currently stable at 89.20, showing no change (0.00%). However, the stock has been experiencing a downward trend, having fallen every week for the last eight weeks, resulting in 0% returns during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment.<BR><BR>Despite the lack of price movement today, the stock has outperformed its sector by 1.53%. However, this performance is overshadowed by a significant decline over the past year, where the stock has decreased by 18.91%, while the benchmark Sensex has increased by 10.86%. In terms of investor activity, there has been a notable increase in delivery volume, which rose by 400% against the 5-day average, suggesting a potential interest from investors despite the overall negative trend.<BR><BR>In summary, while Jet Knitwears Ltd is not currently falling in price, the stock's recent history of consistent weekly declines and its underperformance relative to the market indicate a challenging environment for the stock.

Which are the latest news on Jet Knitwears?