ScoreWhy is Air T, Inc. ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Operating profit has grown by an annual rate -244.32% of over the last 5 years
- The company has a negative book value of Rs 1.17 crore
- The company has been able to generate a Return on Capital Employed (avg) of 1.84% signifying low profitability per unit of total capital (equity and debt)
2
The company declared negative results in Jun'26 after positive results in Mar'26
- OPERATING CASH FLOW(Y) Lowest at USD -26.78 MM
- OPERATING PROFIT(Q) Lowest at USD -9.17 MM
- OPERATING PROFIT MARGIN(Q) Lowest at -7.94 %
3
Falling Participation by Institutional Investors
- Institutional investors have decreased their stake by -0.61% over the previous quarter and collectively hold 10.29% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Transport Services)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Air T, Inc. for you?
High Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Air T, Inc.
26.84%
0.37
65.21%
S&P 500
15.76%
1.22
13.15%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
7.03%
EBIT Growth (5y)
-244.32%
EBIT to Interest (avg)
-0.04
Debt to EBITDA (avg)
42.89
Net Debt to Equity (avg)
-34.10
Sales to Capital Employed (avg)
2.25
Tax Ratio
8.48%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
9.45%
ROCE (avg)
1.84%
ROE (avg)
10.40%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-53.48
EV to EBIT
-27.52
EV to EBITDA
-75.04
EV to Capital Employed
1.41
EV to Sales
0.80
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-5.14%
ROE (Latest)
Negative BV
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend22What is working for the Company
NET PROFIT(HY)
Higher at USD 65.59 MM
ROCE(HY)
Highest at 210.7%
NET SALES(Q)
At USD 115.46 MM has Grown at 41.2%
CASH AND EQV(HY)
Highest at USD 49.2 MM
-29What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD -26.78 MM
OPERATING PROFIT(Q)
Lowest at USD -9.17 MM
OPERATING PROFIT MARGIN(Q)
Lowest at -7.94 %
RAW MATERIAL COST(Y)
Grown by 34.88% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 0 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 0 times
INTEREST(Q)
Highest at USD 5.67 MM
PRE-TAX PROFIT(Q)
Lowest at USD -11.35 MM
NET PROFIT(Q)
Lowest at USD -12.12 MM
EPS(Q)
Lowest at USD -5.86
Here's what is working for Air T, Inc.
Net Sales
At USD 115.46 MM has Grown at 41.2%
over average net sales of the previous four periods of USD 81.77 MMMOJO Watch
Near term sales trend is very positive
Net Sales (USD MM)
Cash and Eqv
Highest at USD 49.2 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Depreciation
Highest at USD 9.88 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for Air T, Inc.
Pre-Tax Profit
At USD -11.35 MM has Fallen at -153.17%
over average net sales of the previous four periods of USD 21.35 MMMOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (USD MM)
Net Profit
At USD -12.12 MM has Fallen at -162.62%
over average net sales of the previous four periods of USD 19.36 MMMOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Interest
At USD 5.67 MM has Grown at 11.34%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Operating Profit
Lowest at USD -9.17 MM and Fallen
In each period in the last five periodsMOJO Watch
Near term Operating Profit trend is quite negative
Operating Profit (USD MM)
Operating Profit Margin
Lowest at -7.94 % and Fallen
In each period in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Operating Cash Flow
Lowest at USD -26.78 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Interest
Highest at USD 5.67 MM
in the last five periods and Increased by 11.34% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Pre-Tax Profit
Lowest at USD -11.35 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (USD MM)
Net Profit
Lowest at USD -12.12 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
EPS
Lowest at USD -5.86
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (USD)
Inventory Turnover Ratio
Lowest at 0 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 0 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 34.88% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
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