Jet Solar (538794)
TurnaroundScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹20 |
| Market Cap | ₹21.16 Cr |
| P/E Ratio | 0 |
| ROCE | 0.82% |
| ROE | —% |
| Dividend Yield | 0% |
| Profit Growth | -90% |
| Debt/Equity | — |
| Sales Growth | -47.76% |
| 52-Week Range | ₹9.95 — ₹20 |
| Sector | Realty |
Strengths
- Latest quarter is at breakeven (₹0 Cr net profit), so no immediate cash loss.
- ROCE is positive at 0.82%, though far below any acceptable return.
- Price has doubled from ₹9.95 to ₹20, indicating speculative market interest.
- Small ₹21 Cr market cap leaves room for a meaningful move if operations revive.
Concerns
- Sales growth is -47.76% and latest quarterly sales are ₹0 Cr.
- Profit growth is -90%, leaving no real earnings to value.
- Piotroski F-score of 3/9 suggests poor financial health.
- No book value, debt/equity, promoter holding, or dividend data means no margin of safety.
AI Analysis
The first lesson I teach is to invest in a business, not a ticker. Jet Solar gives me almost none of the data I need to call it a business. Sales are down 47.76%, the latest quarter shows ₹0 Cr in sales and ₹0 Cr in net profit, and profit growth has collapsed by 90%. A P/E of 0.00 is not cheapness; it is a warning. ROCE is just 0.82%, and with no book value or debt-to-equity figures disclosed, I cannot compute a margin of safety. The Piotroski F-score of 3 out of 9 reinforces my suspicion: this is a financially weak company. At ₹20, the stock sits at its 52-week high, but price action is not business performance. In Graham's terms, this is speculation, not investment. I need earnings, not hope. A market cap of ₹21 Cr makes it a small venture, but small size is not a moat. There is no dividend to compensate for uncertainty, and promoter holding is not stated. I cannot value a business without sales, profits, or balance-sheet visibility. It may be a turnaround candidate only if real projects, orders, and margins appear, and if management shows disciplined use of capital. Until then, I would keep this on the pass pile. In Mr. Market's language, Jet Solar is a lottery ticket dressed as a stock.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer