Jain Irrigation Systems Ltd

Jain Irrigation Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Jain Irrigation Systems Ltd

₹ 63.7 -2.79%
21 Nov - close price
jains.com BSE: 500219 NSE: JISLJALEQS
About

Jain Irrigation Systems Limited is engaged in providing solutions in agriculture, piping and infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs. [1]

Key Points

Market Position
JISL is the world's second-largest micro-irrigation company and India's largest manufacturer of micro-irrigation systems. It is also the country's largest polyethylene pipe producer, one of the top three PVC pipe producers, and the world's largest tissue culture banana and pomegranate plant producer. Additionally, JISL is the second-largest dehydrated onion producer globally and the largest producer of mango pulp, puree, and concentrate in India. [1]

Website BSE NSE
  • Market Cap ₹ 4,314 Cr.
  • Current Price ₹ 63.7
  • High / Low ₹ 84.2 / 43.6
  • Stock P/E 339
  • Book Value ₹ 72.2
  • Dividend Yield 0.00 %
  • ROCE 5.11 %
  • ROE 1.19 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.88 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 26.1%
  • Company has a low return on equity of 0.25% over last 3 years.
  • Promoters have pledged 58.9% of their holding.
  • Company has high debtors of 193 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Plastics Products

Part of BSE Allcap BSE Industrials Nifty Total Market BSE SmallCap Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
639 644 839 862 603 983 1,166 1,146 805 805 1,065 857 575
561 580 799 755 532 838 1,099 994 698 694 932 752 501
Operating Profit 78 64 41 107 71 145 67 152 106 111 134 105 74
OPM % 12% 10% 5% 12% 12% 15% 6% 13% 13% 14% 13% 12% 13%
10 -0 332 8 27 9 114 4 5 5 4 10 5
Interest 116 118 -90 82 76 82 123 79 68 77 69 71 71
Depreciation 39 38 40 37 37 37 38 37 38 37 38 37 37
Profit before tax -67 -92 423 -4 -16 35 20 41 5 3 31 7 -29
Tax % -44% -39% 28% 23% -22% 36% -74% 35% 52% 34% 19% 6% -29%
-38 -56 303 -5 -12 23 35 26 2 2 25 6 -21
EPS in Rs -0.76 -1.12 5.11 -0.09 -0.20 0.37 0.57 0.42 0.04 0.03 0.38 0.10 -0.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,506 4,128 4,202 4,233 3,656 4,170 4,402 1,972 2,121 2,778 3,556 3,758 3,303
2,884 3,484 3,572 3,546 3,050 3,558 3,715 2,206 2,026 2,511 3,188 3,254 2,879
Operating Profit 622 644 630 687 606 612 687 -234 95 267 368 503 424
OPM % 18% 16% 15% 16% 17% 15% 16% -12% 4% 10% 10% 13% 13%
-43 -142 -17 64 121 145 118 55 40 366 180 18 24
Interest 411 391 400 429 342 276 310 418 445 257 363 292 287
Depreciation 120 141 178 229 181 190 173 159 165 156 151 149 149
Profit before tax 49 -30 34 93 203 291 323 -755 -476 220 35 79 12
Tax % 38% -113% -43% 34% 19% 3% 27% -33% -35% 12% -13% 30%
30 4 49 61 164 281 235 -508 -307 193 39 56 13
EPS in Rs 0.69 0.09 1.11 1.34 3.56 5.66 4.72 -10.24 -6.19 3.26 0.65 0.83 0.20
Dividend Payout % 76% 593% 47% 39% 22% 18% 22% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -3%
3 Years: 21%
TTM: -19%
Compounded Profit Growth
10 Years: -10%
5 Years: -25%
3 Years: 30%
TTM: -86%
Stock Price CAGR
10 Years: -3%
5 Years: 41%
3 Years: 18%
1 Year: -9%
Return on Equity
10 Years: 0%
5 Years: -4%
3 Years: 0%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 91 92 92 95 96 103 103 103 103 122 125 137 137
Reserves 2,230 2,260 2,269 4,066 4,221 4,456 4,618 4,113 3,809 4,356 4,422 4,646 4,682
2,863 2,939 3,084 2,831 1,627 1,202 1,636 3,133 3,327 2,829 2,737 2,466 2,435
1,563 1,532 1,612 1,458 1,706 1,942 1,831 1,125 1,248 989 1,106 1,008 1,013
Total Liabilities 6,746 6,824 7,057 8,452 7,649 7,704 8,188 8,474 8,487 8,297 8,390 8,257 8,268
1,972 2,002 1,908 3,023 2,970 2,957 2,981 3,034 2,918 2,819 2,775 2,775 2,735
CWIP 60 21 32 16 20 67 101 43 23 17 30 22 49
Investments 700 731 732 1,427 1,097 1,142 1,158 1,157 1,156 1,430 1,443 1,448 1,445
4,013 4,070 4,386 3,986 3,563 3,539 3,948 4,241 4,391 4,032 4,142 4,013 4,040
Total Assets 6,746 6,824 7,057 8,452 7,649 7,704 8,188 8,474 8,487 8,297 8,390 8,257 8,268

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
373 521 512 334 783 1,019 -107 -917 110 367 393 542
-444 -192 -128 -16 574 -307 -34 -191 -57 -83 -40 -133
-41 -377 -281 -411 -1,448 -701 97 1,202 68 -400 -411 -422
Net Cash Flow -112 -49 103 -94 -91 11 -43 94 122 -117 -58 -12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 166 131 150 155 153 151 198 413 369 250 213 193
Inventory Days 207 170 168 108 157 122 111 247 186 156 129 125
Days Payable 209 159 162 115 152 185 153 139 88 79 90 79
Cash Conversion Cycle 164 142 156 148 158 87 156 521 467 327 252 240
Working Capital Days 193 177 176 191 148 119 178 469 435 365 291 275
ROCE % 11% 10% 9% 8% 8% 10% 10% -5% -0% 2% 6% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.64% 26.91% 26.91% 28.37% 28.37% 28.37% 27.45% 26.12% 26.12% 26.12% 26.12% 26.12%
6.66% 5.16% 5.88% 5.46% 4.71% 3.76% 4.15% 4.89% 5.32% 5.46% 5.18% 5.38%
0.00% 11.54% 11.54% 10.20% 10.20% 10.20% 9.87% 9.33% 9.34% 9.32% 9.33% 9.36%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.07% 0.08% 0.06% 0.06%
64.31% 56.08% 55.35% 55.67% 56.41% 57.38% 58.23% 59.33% 58.87% 58.73% 59.02% 58.79%
0.38% 0.32% 0.32% 0.31% 0.31% 0.31% 0.30% 0.28% 0.28% 0.28% 0.28% 0.28%
No. of Shareholders 2,04,3792,02,1772,04,2102,00,9382,01,7461,97,3491,91,9341,91,8321,90,8102,00,1881,90,3761,98,321

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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