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Jet Solar

538794 BSE
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MCP
Close 6 Oct 2026 ₹6.70 −5.30 −44.2% since 6 Nov 2025
Start ₹12.00

Key Fundamentals

SMERealtyConsumer Discretionary

Price-based figures · TTM

ROCE
−4.62%
Debt to Equity
0.01
EPS (TTM)
—
Book Value
₹17.49
Market Cap
—
P/E (TTM)
—
P/B
—
ROE
−4.81%
Dividend Yield
0.00%
EBITDA
₹10.00 L
52W High
—
52W Low
—

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.38 times its book value

Weaknesses

6
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 12.6%
  • Company has a low return on equity of -2.26% over last 3 years.
  • Company has high debtors of 358 days.
  • Promoter holding has decreased over last 3 years: -35.6%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
24.42
Bullish
MACD (12,26,9)
−1.37
Bullish
SMA (50)
11.83
Bearish
SMA (200)
20.27
Bearish

As of , the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10Y−22.36%
5Y+29.67%
3Y+6.14%
1Y+1.85%

Net profit

Net profit growth by window
10Y−18.52%
5YTurned to profit
3Y−12.64%
1Y0.00%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹3.24 Cr
5YOutflow widened by ₹4.05 Cr
3YOutflow widened by ₹3.84 Cr
1YOutflow widened by ₹1.71 Cr

Operating margin· change in pp

Operating margin growth by window
10Y−274.09 pp
5Y+102.42 pp
3Y−244.82 pp
1Y−150.54 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2.53 Cr
Mar 2018₹2.33 Cr
Mar 2019₹2.75 Cr
Mar 2020₹0.44 Cr
Mar 2021₹0.15 Cr
Mar 2022₹0.36 Cr
Mar 2023₹0.46 Cr
Mar 2024₹0.35 Cr
Mar 2025₹0.54 Cr
Mar 2026₹0.55 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.13 Cr
Mar 2018₹0.12 Cr
Mar 2019₹0.07 Cr
Mar 2020−₹0.41 Cr
Mar 2021−₹0.39 Cr
Mar 2022₹0.04 Cr
Mar 2023₹0.06 Cr
Mar 2024₹0.06 Cr
Mar 2025₹0.04 Cr
Mar 2026₹0.04 Cr

Half-yearly Results

₹ Cr
538794 half-yearly results, ₹ crore
Particulars Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
0.39
0
0.15
0.16
0.15
0.02
0.43
0.17
0.19
0.67
−0.13
0.35
0.2
Expenses
0.61
0.32
0.39
0.26
0.39
0.32
0.24
0.23
0.28
0.49
0.7
0.64
1.4
Operating Profit
−0.22
−0.32
−0.24
−0.1
−0.24
−0.3
0.19
−0.06
−0.09
0.18
−0.83
−0.29
−1.2
OPM %
−56.41%
—
−160%
−62.5%
−160%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
44.19%
−35.29%
−47.37%
26.87%
—
−82.86%
−600%
Other Income
0.01
0.16
0.2
0.15
0.2
0.08
0.1
0.08
0.17
0.1
0.66
0.32
1.22
Interest
0.07
0.09
0.08
0.04
0.08
0
0
0
0.03
0
0.05
0
0
Depreciation
0.01
0.01
0.01
0
0.01
0
0
0
0
0
0
0
0
PBT
−0.29
−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 %
−10.34%
0%
0%
0%
0%
0%
0%
0%
0%
25%
−27.27%
33.33%
50%
Net Profit
−0.25
−0.26
−0.13
0
−0.13
−0.23
0.28
0.02
0.04
0.2
−0.16
0.02
0.02
EPS (₹)
−0.6
−0.62
−0.31
0
−0.31
−0.55
0.67
0.05
0.1
0.31
−0.16
0.02
0.02

Profit & Loss

₹ Cr
538794 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
−0.1
−0.38
−0.28
−0.71
−0.56
−0.07
−0.12
−0.16
−0.65
−1.49
OPM %
9%
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
0.03
0.05
0
Depreciation
0.02
0.02
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.01
0.01
0
PBT
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%
0%
0%
0%
40%
20%
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 (₹)
1.29
0.74
0.31
0.29
0.17
−0.98
−0.93
0.1
0.14
0.14
0.04
0.03
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
538794 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1.05
1.05
1.05
1.05
2.1
2.1
2.1
2.1
2.1
4.19
10.05
11.88
Reserves
4.63
4.93
5.06
5.18
4.2
3.8
3.41
3.45
3.5
1.47
7.82
8.9
Borrowings
1.05
3.78
3.29
1.97
1.84
1.64
1.8
0.38
0.69
0.44
0.43
0.3
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
0.1
0.1
0.09
0.08
0.07
0
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
10.44
10.44
Other Assets
10.4
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

Cash Flow

₹ Cr
538794 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3.66
−0.93
1.45
0.05
−0.83
−0.85
−0.12
0.99
−0.33
−0.29
−2.46
−4.17
Investing
−2.78
−0.52
−2.74
1.58
1.39
1.23
0.35
0.17
0.18
0.26
−9.68
1.61
Financing
−0.78
1.71
0.99
−1.66
−0.32
−0.37
0
−1.46
0.3
−0.27
12.12
2.87
Net Cash Flow
0.1
0.26
−0.31
−0.04
0.24
0.01
0.23
−0.31
0.16
−0.3
−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

Ratios

538794 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
58.82
174
309
149
87.6
531
1,557
355
548
751
351
358
Inventory Days
456
165
—
—
—
—
16,881
—
—
9,901
1,643
1,354
Days Payable
94.28
102
—
—
—
—
1,369
—
—
456
82.12
76.84
Cash Conversion Cycle
420
237
309
149
87.6
531
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
355
548
10,195
1,912
1,636
Working Capital Days
142
176
845
941
776
4,513
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
5,262
4,047
5,704
4,907
6,590
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Jet Solar insights

55 extracted metrics across FY14–FY26.

Shareholding Pattern

As of Sep 2026

  • Public 75.83%
  • Others 12.40%
  • Promoters 11.77%

13.42% of promoter holding pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Jet Solar

What does Jet Solar Ltd do?
Incorporated in 2001, Jet Solar Limited is in the solar business
Where is Jet Solar Ltd (JETSOLAR) listed?
Jet Solar Ltd trades under code 538794 on the BSE.
Which sector does Jet Solar Ltd belong to?
Jet Solar Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the Return on Equity (ROE) of Jet Solar Ltd?
Jet Solar Ltd reported a return on equity of -4.81%. Its debt-to-equity ratio is 0.01.

Company Information

Incorporated in 2001, Jet Solar Limited is in the solar business

Website jetinfra.com
Listed 25 Nov 2014
Face Value ₹10

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