Jetking Infotrai (517063)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1

Key Financials

Strengths

• Price ₹57.41 is 12.4% below book value ₹65.51, giving a P/B of 0.88 and a stated asset margin of safety.
• ROCE of 7.56% is positive, indicating the capital base can produce some operating return despite the negative net earnings.
• Market cap is only ₹36 Cr, so a confirmed asset surplus or a successful turnaround could have an outsized effect on per-share value.

Concerns

• Sales growth is -15.40% and the latest quarter shows a net loss of ₹3 Cr on revenue of ₹5 Cr, a rapidly deteriorating operating picture.
• Profit growth of -299.24% and ROE of -0.25% show shareholder returns are negative; the P/E of 272.53 is not meaningful.
• Piotroski F-score of 3/9, no dividend, and undisclosed promoter holding and debt-equity data weaken confidence.
• The stated 52-week range of ₹92.15 to ₹400.25 conflicts with the current price of ₹57.41, raising data-quality and volatility concerns.

AI Analysis

Let me start with the question I ask of every business: what is the earning power, and how durable is the moat? Jetking fails that test. Sales growth is -15.40%, and the latest quarter shows a net loss of ₹3 Cr on revenue of ₹5 Cr. Profit growth has collapsed to -299.24%. The reported P/E of 272.53 is meaningless when earnings are negative; the real return on equity is only -0.25%, which is worse than leaving money in a bank deposit. A Piotroski F-score of 3/9 tells me the financial position is deteriorating, not improving. Why look further? The share price of ₹57.41 is below the book value of ₹65.51, so I am paying 88 paise for one rupee of stated net assets. That is the classic Graham attraction. ROCE is 7.56%, meaning the underlying capital still earns a small return before tax, even though net profit is bad. But a low P/B only matters if the book value is honest and not melting. With sales shrinking and quarterly losses, equity is being consumed. There is no dividend yield, so I receive no income for waiting. The lack of promoter holding and debt-equity data makes it impossible to judge management alignment or hidden liabilities. Worse, the given 52-week range of ₹92.15 to ₹400.25 is inconsistent with a current price of ₹57.41, so even the quote needs verification. This is not a Buffett quality business. It is a cigar-butt asset play and only for a very small, cautious position after full accounting of net assets, cash burn, and management intent. A Graham investor would demand proof that assets are real, that cash burn is manageable, and that management is a careful allocator of capital. Until then, I watch.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer