JetAirways Financial Analysis with complete analysis and conclusion.

1. Presented By:
A.Wadut Al Mamun(1402)
September 5, 2014 Universal Business School

2. Contents
• Introduction
• Hypothesis
• Ratio Analysis
• Conclusion
September 5, 2014

3. Introduction
• Started by Naresh Goyal as Air Taxi Operator in April 1992
• Started Indian commercial airline operations on 5 May 1993 with a
fleet of four leased Boeing 737-300 aircraft
• Scheduled airline status was granted on 4 January 1995
• Initial investment of US$10 million
• 80%of its stake controlled by Naresh Goyal
• Jet’s parent company, Tail Winds Ltd.
• Began international operations to Sri Lanka in March 2004.
• Jet, is headquarters in Mumbai, India
September 5, 2014

4. Introduction
• Operates over 370 daily flights to about 68 destinations both in India and
international (abroad)
• Listed in the NSE in the year 2005
• Includes major cities like Mumbai, Delhi, Chennai, Jaipur, etc.
• Second Leg cities like Aurangabad, Patna, Nagpur, etc.
• 21 international destinations in 17 countries across Asia, Europe & North
America
• International destination includes cities like San-Francisco, New York,
Singapore, London (Heathrow), Hong Kong, Colombo, Abu Dhabi, Dubai,
etc.
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5. Hypothesis
• By observing the current scenario and the recession in
2008-09 we hypothesise the revenue of the company
going down every financial year.
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6. Market Share
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7. Balance Sheet and P&L Statement
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8. Ratio Analysis
Ratio Formula Mar '13 Mar '12 Mar '11
Current Ratio
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Current Asset/ Current
Liability
0.61615101 0.58985 1.071049
Current liabilities have increased dramatically, so the current ratio has decreased.
Quick Ratio
(Current Asset-
Inventory)/Current
Liability
0.53959608 0.501707 0.943102
Current liabilities have increased dramatically, so the Quick ratio has decreased.
Inventory Turnover Ratio
Net Sales/Average
Inventory 22.83 19.46 17.85
Net Sales has increased gradually, so the ratio has increased in the same proportion.

9. Ratio Analysis
Ratio Formula Mar '13 Mar '12 Mar '11
Payable Turnover Ratio
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Net Credit Sales/Av
Accounts Payable NA NA NA
Receivable Turnover Ratio
Net Credit Sales/Av
Accounts Receivable 13.7514912 13.6409 14.39035
Sundry Debtors has increased gradually, so the ratio has been decreasing.
Working Capital Turnover Ratio Net Sales/Working Capital -4.272546579 -4.203564 32.36736
Although Net sales has been increasing but Current liability has been increasing in bigger
proportion. Hence the ratio has been decreasing.

10. Conclusion
As per the ratio analysis of Jet Airways for three years, we
come to the conclusion that year 2011 was good as
compared to other two years. Except inventory turnover
ratio, all ratios decreased heavily in 2012 and again
increasing in 2013. This shows that company is again
started doing well after 2012.
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11. Thank You for
September 5, 2014
Flying with Jet Airways.