Jalan Transolutions (India) Ltd. (JALAN)
SME CapServices stocks · SME cap · NSE
Jalan Transolutions (India) Limited operates solely in the Logistics sector. This document provides clarifications regarding its financial results for the year ended March 31, 2024, addressing format, segment disclosure, and an audit qualification statement.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust needs verification, price trend is neutral, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Bad · 5/100Rev -45% YoY · margin expansion · +44% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1.4 Cr | -44.7% | +43.6% |
| EBITDA | ₹0 Cr | +106.3% | -75.0% |
| Operating margin | 0.7% | +6228 bps | -352 bps |
| PAT | ₹-0 Cr | NDF | -175.0% |
| PAT margin | -2.2% | +113240 bps | -648 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY2024 Results Clarification: Company addresses NSE observations on financial statement format, confirms single Logistics segment, and submits Statement of Impact of Audit Qualification.
The document provides no operational or financial performance data to assess the investment thesis. The clarification on an audit qualification, without details of its impact, raises concerns about the quality of financial reporting and transparency.
Audit Qualification
The company submitted a 'Statement of Impact of Audit Qualification' as part of its financial results for the year ended March 31, 2024.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The document is a procedural clarification for annual results and does not contain financial or operational performance data for any period, making a comparison basis irrelevant for performance assessment.
Operating Segment
The company is under one segment i.e Logistics.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
49NeutralMACD + · near 52W low
Technical chart
JALANdaily · 1Y · AUTO-33.3%Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 49.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 49 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 67% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 37 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Fair-value margin of safety is positive at 70.5%.
- Valuation contributes 24/30 to the score.
- Quality contributes 16/20 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Growth is weaker at 2/25; verify the latest quarterly trend.
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Weak Trust: Claim history is still being built. It ranks around the 2nd percentile of the scored universe and 1st percentile within Services. Main check: results consistency is weak at 19/100.
Mixed Trust Lite: Promoter pledge is zero. Key concern: Promoter holding fell 8.7%.
Management or financial behaviour needs caution. Demand stronger valuation compensation.
overall median 67 · Services: 1st pctile, median 66 · SME: 2nd pctile, median 64
1 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Weak Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter pledge is zero.
Trust risks
- ▸Promoter holding fell 8.7%.
- ▸Debt/equity is 4.58.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 19.2%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- 0.62
- P/B
- —
- EV/EBITDA
- 2.56
- Market Cap
- 2.62Cr
Profitability
- ROE
- 26.10%
- ROCE
- 18.80%
- ROA
- 4.03%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -36.00%
- EPS 5Y
- -36.00%
- Revenue 3Y
- -33.00%
- EPS 3Y
- -33.00%
Balance Sheet
- Debt/Equity
- 4.58
- Interest Coverage
- 2.36×
- Altman Z
- 1.96
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 16.00 Cr
- EPS TTM
- 4.75
Shareholding
- Promoter Hold
- 19.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 8%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Services, ranked by similarity
Peers
Business-comparable names in Services, ranked by similarity
Peers
Business-comparable peers in Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.