Jet Solar Ltd
Jet Solar Ltd (JETSOLAR) last reported results for the quarter ended Mar 2026, with sales of ₹0.2 crore and net profit of ₹0.02 crore. The stock last traded at ₹6.68, a market capitalisation of ₹7.93 crore. Over the past 52 weeks the stock has ranged between ₹6.37 and ₹18. Figures are as of 6 Oct 2026 and are not real time.
Jet Solar Ltd share price and key metrics
- Current price
- ₹6.68
- Market cap
- ₹7.93 cr
- Book value
- ₹17.5
- ROE
- -4.81%
- ROCE
- -4.62%
- Dividend yield
- 0.00%
- 52w high / low
- 18.0/6.37
Metrics as of 6 Oct 2026. Not real time.
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Jet Solar Ltd growth and returns
- 10 Years
- -22%
- 5 Years
- 30%
- 3 Years
- 6%
- TTM
- 2%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- TTM
- -2425%
- 10 Years
- -15%
- 5 Years
- -31%
- 3 Years
- -13%
- 1 Year
- -54%
- 10 Years
- -2%
- 5 Years
- -2%
- 3 Years
- -2%
- Last Year
- -5%
Jet Solar Ltd quarterly results
In the quarter ended Mar 2026, sales were ₹0.2 cr, up 253.8% from ₹-0.13 cr a year earlier. Net profit turned positive at ₹0.02 cr.
| ₹ crore | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.02 | 0.43 | 0.17 | 0.19 | 0.67 | -0.13 | 0.35 | 0.2 |
| Expenses | 0.32 | 0.24 | 0.23 | 0.28 | 0.49 | 0.7 | 0.64 | 1.4 |
| Operating profit | -0.3 | 0.19 | -0.06 | -0.09 | 0.18 | -0.83 | -0.29 | -1.2 |
| OPM % | -1,500.00% | 44.19% | -35.29% | -47.37% | 26.87% | — | -82.86% | -600.00% |
| Other income | 0.08 | 0.1 | 0.08 | 0.17 | 0.1 | 0.66 | 0.32 | 1.22 |
| Interest | 0 | 0 | 0 | 0.03 | 0 | 0.05 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.22 | 0.29 | 0.02 | 0.05 | 0.28 | -0.22 | 0.03 | 0.02 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 25.00% | -27.27% | 33.33% | 50.00% |
| Net profit | -0.23 | 0.28 | 0.02 | 0.04 | 0.2 | -0.16 | 0.02 | 0.02 |
| EPS (₹) | -0.55 | 0.67 | 0.05 | 0.10 | 0.31 | -0.16 | 0.02 | 0.02 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Jet Solar Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.53 | 2.33 | 2.75 | 0.44 | 0.15 | 0.36 | 0.46 | 0.35 | 0.54 | 0.55 |
| Operating profit | -0.1 | -0.38 | -0.28 | -0.71 | -0.56 | -0.07 | -0.12 | -0.16 | -0.65 | -1.49 |
| OPM % | -3.95% | -16.31% | -10.18% | -161.36% | -373.33% | -19.44% | -26.09% | -45.71% | -120.37% | -270.91% |
| Net profit | 0.13 | 0.12 | 0.07 | -0.41 | -0.39 | 0.04 | 0.06 | 0.06 | 0.04 | 0.04 |
| EPS (₹) | 0.31 | 0.29 | 0.17 | -0.98 | -0.93 | 0.10 | 0.14 | 0.14 | 0.04 | 0.03 |
TTM is the trailing twelve months to the most recent quarter.
Jet Solar Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 1.05 | 1.05 | 2.10 | 2.10 | 2.10 | 2.10 | 2.10 | 4.19 | 10.05 | 11.88 |
| Reserves | 5.06 | 5.18 | 4.20 | 3.80 | 3.41 | 3.45 | 3.50 | 1.47 | 7.82 | 8.90 |
| Borrowings | 3.29 | 1.97 | 1.84 | 1.64 | 1.80 | 0.38 | 0.69 | 0.44 | 0.43 | 0.30 |
| Other liabilities | 1.31 | 0.56 | 0.68 | 0.57 | 0.66 | 0.79 | 1.16 | 1.12 | 4.36 | 1.09 |
| Total liabilities | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.17 |
| Fixed assets | 0.14 | 0.13 | 0.13 | 0.12 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.44 | 10.44 |
| Other assets | 10.57 | 8.63 | 8.69 | 7.99 | 7.87 | 6.62 | 7.36 | 7.14 | 12.15 | 11.73 |
| Total assets | 10.71 | 8.76 | 8.82 | 8.11 | 7.97 | 6.72 | 7.45 | 7.22 | 22.66 | 22.17 |
As reported by the company. Total assets equal total liabilities by construction.
Jet Solar Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1.45 | 0.05 | -0.83 | -0.85 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -4.17 |
| Cash from investing | -2.74 | 1.58 | 1.39 | 1.23 | 0.35 | 0.17 | 0.18 | 0.26 | -9.68 | 1.61 |
| Cash from financing | 0.99 | -1.66 | -0.32 | -0.37 | 0.00 | -1.46 | 0.30 | -0.27 | 12.12 | 2.87 |
| Net cash flow | -0.31 | -0.04 | 0.24 | 0.01 | 0.23 | -0.31 | 0.16 | -0.30 | -0.03 | 0.32 |
| Free cash flow | 1.44 | 0.05 | -0.84 | -0.86 | -0.12 | 0.99 | -0.33 | -0.29 | -2.46 | -3.14 |
| CFO / operating profit | -1,500% | -16% | 296% | 124% | 21% | -1,414% | 275% | 181% | 375% | 279% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Jet Solar Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 6.78% | 6.02% | 3.92% | -3.44% | -2.96% | 1.36% | 0.82% | 1.45% | 0.82% | -4.62% |
| Debtor days | 308.74 | 148.82 | 87.60 | 530.91 | 1,557.33 | 354.86 | 547.50 | 750.86 | 351.48 | 358.36 |
| Inventory days | — | — | — | — | 16,881.25 | — | — | 9,900.62 | 1,642.50 | 1,354.34 |
| Days payable | — | — | — | — | 1,368.75 | — | — | 456.25 | 82.12 | 76.84 |
| Cash conversion cycle | 308.74 | 148.82 | 87.60 | 530.91 | 17,069.83 | 354.86 | 547.50 | 10,195.23 | 1,911.86 | 1,635.86 |
| Working capital days | 845.42 | 941.48 | 776.45 | 4,512.73 | 11,777.33 | 5,262.08 | 4,046.74 | 5,704.43 | 4,907.22 | 6,589.91 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Jet Solar Ltd shareholding pattern
Promoters held 12.55% at Mar 2026, down from 14.70% at Nov 2024.
| % held | Sep 2023 | Mar 2024 | Sep 2024 | Nov 2024 | Mar 2025 | May 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 48.14% | 42.41% | 22.72% | 14.70% | 14.70% | 12.44% | 12.44% | 12.55% |
| Public | 51.87% | 57.59% | 77.27% | 85.30% | 85.30% | 87.56% | 87.57% | 87.45% |
| No. of shareholders | 210 | 239 | 224 | 250 | 239 | 247 | 260 | 261 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Jet Solar Ltd corporate filings
- Jet Solar Limited's AGM outcome confirms full approval of all resolutions, including reappointment of key directors, with 100% voting support via remote e-voting, indicating strong shareholder backing.AGM/EGMhigh impact
Cruxal's analysis: Jet Solar Limited held its AGM on September 30, 2026, where all resolutions—covering…
Read the full analysis - Jet Solar Limited holds 25th AGM; no immediate financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: Jet Solar Limited conducted its 25th Annual General Meeting on 30th September 2026. The…
Read the full analysis - Intimation of Closure of Trading Window with effect from Thursday, 1st October, 2026Insider Trading / SASTlow impact
- Jet Solar Limited Announces 25th Annual General Meeting and Remote E-voting ScheduleCompany Updatelow impact
Cruxal's analysis: Jet Solar Limited has issued a formal notice for its 25th Annual General Meeting (AGM)…
Read the full analysis - Jet Solar Ltd releases Annual Report for FY 2025-2026Otherslow impact
Cruxal's analysis: Jet Solar Ltd has filed its Annual Report for the financial year 2025-2026 as per…
Read the full analysis - Jet Solar Limited Announces 25th Annual General Meeting (AGM) for September 30, 2026AGM/EGMlow impact
Cruxal's analysis: Jet Solar Limited has issued an intimation for its 25th Annual General Meeting (AGM) to…
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