Jet SolarShare price, financial results, shareholding and management
- Market cap
- ₹8 cr
- Stock P/E
- 198.9peers 48.8
- Book value
- ₹17.5
- Price to book
- 0.38
- EV / operating profit
- -
- Market cap to sales
- 14.55
- ROCE · FY26
- 0.3%
- ROE · FY26
- 0.2%
- ROE, 3-year average
- 0.5%
- Operating margin · FY26
- -273.4%peers -1.0%
- Sales growth, 3 years
- 6.1%
- Profit growth, 3 years
- -12.6%
- Debt to equity
- 0.01peers 0.05
- Borrowings
- ₹0.3 cr
- Interest cover
- No interest
- Cash from business / op. profit
- 280%
- Debtor days
- 358
- Pledged
- 0.00%
- Promoter holding
- 12.55%
- Change in promoter holding
- +0.11 pts
- Shareholders
- 261
- 52-week high / low
- ₹18 / ₹6
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Jet Solar share price chart
Close on 6 Oct 2026 · +0.30% on the day · Vol 4,000
Daily prices to 6 Oct 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Oct 2026
- 1 month
- -2.9%
- 3 months
- -15.9%
- 1 year
- -53.9%
- Traded a day, 20 days
- ₹0.02 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +2% | +0% |
| 3 years, a year | +6% | -13% |
Jet Solar revenue and profit growth
Half-yearly results · Profit and lossSales have grown slowly. Last year profit grew roughly in step with sales.
SME companies report every six months.
Jet Solar half-yearly results
SME companies report every six months · ₹ crore
| H2FY22 | H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.15 | 0.02 | 0.43 | 0.17 | 0.19 | 0.67 | 0.34 | 0.20 |
| Expenses | 0.39 | 0.33 | 0.24 | 0.23 | 0.29 | 0.49 | 0.64 | 1.40 |
| Operating profit | -0.24 | -0.30 | 0.19 | -0.06 | -0.10 | 0.18 | -0.29 | -1.20 |
| OPM | -160.0% | -1270.0% | 44.1% | -37.0% | -53.3% | 27.1% | -84.3% | -600.0% |
| Interest | 0.08 | 0 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.13 | -0.23 | 0.28 | 0.02 | 0.04 | 0.28 | 0.03 | 0.02 |
| Net profit | -0.13 | -0.23 | 0.28 | 0.02 | 0.04 | 0.20 | 0.02 | 0.02 |
Jet Solar profit and loss
Full years to March, FY15 to FY26 · ₹ crore, consolidated where reported
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.44 | 6.91 | 2.53 | 2.33 | 2.75 | 0.44 | 0.36 | 0.46 | 0.35 | 0.54 | 0.55 |
| Expenses | 7.68 | 6.69 | 2.63 | 2.71 | 3.03 | 1.15 | 0.43 | 0.57 | 0.51 | 1.19 | 2.03 |
| Operating profit | 0.76 | 0.22 | -0.10 | -0.38 | -0.28 | -0.71 | -0.07 | -0.11 | -0.16 | -0.65 | -1.49 |
| OPM | 9.0% | 3.2% | -4.0% | -16.3% | -10.2% | -161.4% | -19.4% | -24.7% | -45.6% | -119.1% | -273.4% |
| Other income | 0.19 | 0.49 | 0.76 | 0.92 | 0.61 | 0.46 | 0.17 | 0.18 | 0.26 | 0.76 | 1.54 |
| Interest | 0.12 | 0.23 | 0.43 | 0.35 | 0.21 | 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 |
| Profit before tax | 0.81 | 0.46 | 0.22 | 0.18 | 0.11 | -0.44 | 0.04 | 0.06 | 0.06 | 0.06 | 0.05 |
| Tax rate | 33.3% | 32.6% | 36.4% | 33.3% | 36.4% | -6.8% | 0.0% | 0.0% | 0.0% | 26.8% | 28.6% |
| Net profit | 0.54 | 0.31 | 0.13 | 0.12 | 0.07 | -0.41 | 0.04 | 0.06 | 0.06 | 0.04 | 0.04 |
| EPS ₹ | 1.29 | 0.74 | 0.31 | 0.29 | 0.17 | -0.98 | 0.10 | 0.27 | 0.14 | 0.04 | 0.03 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY20) comes from tax charged on a small or negative profit, as reported.
Jet Solar profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. Its costs were more than its sales. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 9.0% | 3.2% | -4.0% | -16.3% | -10.2% | -161.4% | -19.4% | -24.7% | -45.6% | -119.1% | -273.4% |
| Tax rate | 33.3% | 32.6% | 36.4% | 33.3% | 36.4% | -6.8% | 0.0% | 0.0% | 0.0% | 26.8% | 28.6% |
| ROCE | · | 8.4% | 6.8% | 6.0% | 3.9% | -3.4% | 1.3% | 1.0% | 1.5% | 0.9% | 0.3% |
| ROE | · | 5.3% | 2.2% | 1.9% | 1.1% | -6.7% | 0.7% | 1.1% | 1.1% | 0.3% | 0.2% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Jet Solar debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It has almost no borrowings. Last year the business used more cash than it brought in. Customers pay faster than they did in FY24, which frees up the company's money.
Bars below the line are cash going out.
Jet Solar balance sheet
At each 31 March · ₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 1.05 | 1.05 | 1.05 | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 4.19 | 10.05 | 11.88 |
| Reserves | 4.63 | 4.93 | 5.06 | 5.18 | 4.20 | 3.80 | 3.45 | 3.50 | 1.47 | 7.82 | 8.90 |
| Net worth | 5.68 | 5.98 | 6.11 | 6.23 | 6.30 | 5.90 | 5.55 | 5.60 | 5.66 | 17.87 | 20.78 |
| Borrowings | 1.05 | 3.78 | 3.29 | 1.97 | 1.84 | 1.64 | 0.38 | 0.69 | 0.44 | 0.43 | 0.30 |
| Other liabilities | 3.83 | 0.81 | 1.31 | 0.56 | 0.68 | 0.57 | 0.79 | 1.16 | 1.12 | 4.36 | 1.09 |
| Total liabilities | 10.56 | 10.57 | 10.71 | 8.76 | 8.82 | 8.11 | 6.72 | 7.45 | 7.22 | 22.66 | 22.17 |
| Fixed assets | 0.16 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.10 | 0.09 | 0.08 | 0.07 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.44 | 10.44 |
| Other assets | 10.40 | 10.43 | 10.57 | 8.63 | 8.69 | 7.99 | 6.62 | 7.36 | 7.14 | 12.15 | 11.73 |
Jet Solar cash flow
₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3.66 | -0.93 | 1.45 | 0.05 | -0.83 | -0.85 | 0.99 | -0.33 | -0.29 | -2.46 | -4.17 |
| Cash from investing | -2.78 | -0.52 | -2.74 | 1.58 | 1.39 | 1.23 | 0.17 | 0.18 | 0.26 | -9.68 | 1.61 |
| Cash from financing | -0.78 | 1.71 | 0.99 | -1.66 | -0.32 | -0.37 | -1.46 | 0.30 | -0.27 | 12.12 | 2.87 |
| Net cash flow | 0.10 | 0.26 | -0.30 | -0.03 | 0.24 | 0.01 | -0.30 | 0.15 | -0.30 | -0.02 | 0.31 |
Working capital
Days
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 59 | 174 | 309 | 149 | 88 | 531 | 355 | 548 | 751 | 351 | 358 |
| Inventory days | 456 | 165 | · | · | · | · | · | · | 9,901 | 1,643 | 1,354 |
| Days payable | 94 | 102 | · | · | · | · | · | · | 456 | 82 | 77 |
| Cash conversion cycle | 420 | 237 | 309 | 149 | 88 | 531 | 355 | 548 | 10,195 | 1,912 | 1,636 |
| Working capital days | 142 | 176 | 845 | 941 | 776 | 4,513 | 5,262 | 4,047 | 5,704 | 4,907 | 6,590 |
Jet Solar peers and competitors
Listed SME companies in the same industryBy sales, Jet Solar is number 15 of the 18 listed SME companies in realty.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Shantidoot Infra Services | 106 | 73.7 | 45 | 1.4 | 9.0% | - |
| Homesfy Realty | 43 | - | 40.3 | -20.5 | -49.8% | 0.00 |
| SBL Infratech | 4 | 23.8 | 36.1 | 0.2 | 0.5% | 0.05 |
| SVS Ventures | 12 | 11.7 | 16.8 | 1 | 5.6% | 0.00 |
| Unishire Urban Infra | 3 | - | 15.5 | -0.7 | -2.5% | 0.70 |
| Bhanderi Infracon | 32 | 87.7 | 3.9 | 0.4 | 17.6% | 1.99 |
| Dhanuka Infra Realty | 8 | 7.7 | 3 | 1.1 | -18.9% | 0.11 |
| Jet Solar | 8 | 198.9 | 0.6 | 0 | -273.4% | 0.01 |
| Shree Krishna Infrastructure | 10 | 107.6 | 0 | 0.1 | -1700.0% | 0.00 |
| Athena Constructions | 4 | - | 0 | -0.7 | - | 0.55 |
| Manas Properties | - | - | 0 | 32 | - | 0.00 |
| Median of the 10 others | 10 | 48.8 | 9.7 | 0.3 | -1.0% | 0.05 |
Jet Solar shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders is about the same.
Jet Solar shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 23 | Mar 24 | Sep 24 | Nov 24 | Mar 25 | May 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 48.14% | 42.41% | 22.72% | 14.70% | 14.70% | 12.44% | 12.44% | 12.55% |
| Number of shareholders | 210 | 239 | 224 | 250 | 239 | 247 | 260 | 261 |
Jet Solar latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- Shareholding, 31 March 2026: promoters 12.44% to 12.55%.
Jet Solar announcements
3 on record, latest first; each opens the filing on the exchange
Jet Solar annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Jet Solar share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Jet Solar's data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 76 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,18,76,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY15 to FY26.
- iPrices run to the close on 6 Oct 2026, from the exchange's daily figures.
Questions people ask about Jet Solar
What does Jet Solar do?
Jet Solar is an SME company listed on BSE SME, in realty.
What is the share price of Jet Solar?
₹6.7 at the close on 6 Oct 2026, from the exchange's daily figures.
What is the market cap of Jet Solar?
₹8 cr at the close on 6 Oct 2026, on 1,18,76,000 shares.
What is the P/E of Jet Solar?
198.9 times FY26 profit at the close on 6 Oct 2026 (our arithmetic).
What are Jet Solar's revenue and profit?
Revenue ₹1 cr and profit after tax ₹0 cr in FY26.
Who are the promoters of Jet Solar?
The promoter group; promoters held 12.55% at 31 March 2026.
What is Jet Solar's website?
www.jetinfra.com
More SME companies like Jet Solar
Other listed SME companies in realty, the closest in size first, each read from its own documents.
- Dhanuka Infra RealtyDIRL · NSE Emerge · Realty · listed 2016Market cap ₹8 cr
- Shree Krishna InfrastructureSKIFL · BSE SME · RealtyMarket cap ₹10 cr
- SVS VenturesSVS · BSE SME · RealtyMarket cap ₹12 cr
- SBL InfratechSBLI · BSE SME · RealtyMarket cap ₹4 cr
- Unishire Urban InfraUNISHIRE · BSE SME · RealtyMarket cap ₹3 cr
- Bhanderi InfraconBHANDERI · BSE SME · RealtyMarket cap ₹33 cr
Built from 3 exchange announcements, 8 shareholding patterns and 11 years of reported results. Every figure carries its source; where the documents are silent, the page says so.