Jain Irrigation Systems Ltd
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]
- Market Cap ₹ 4,721 Cr.
- Current Price ₹ 69.7
- High / Low ₹ 73.4 / 37.0
- Stock P/E 65.7
- Book Value ₹ 71.3
- Dividend Yield 0.00 %
- ROCE 5.66 %
- ROE 1.20 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.98 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 -2.58% over last 3 years.
- Promoters have pledged 47.0% of their holding.
- Company has high debtors of 213 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,765 | 3,506 | 4,128 | 4,202 | 4,233 | 3,656 | 4,170 | 4,402 | 1,972 | 2,121 | 2,778 | 3,556 | 3,922 | |
2,999 | 2,884 | 3,484 | 3,572 | 3,546 | 3,050 | 3,558 | 3,715 | 2,206 | 2,026 | 2,511 | 3,188 | 3,488 | |
Operating Profit | 766 | 622 | 644 | 630 | 687 | 606 | 612 | 687 | -234 | 95 | 267 | 368 | 434 |
OPM % | 20% | 18% | 16% | 15% | 16% | 17% | 15% | 16% | -12% | 4% | 10% | 10% | 11% |
31 | -43 | -142 | -17 | 64 | 121 | 145 | 118 | 55 | 40 | 366 | 180 | 131 | |
Interest | 423 | 411 | 391 | 400 | 429 | 342 | 276 | 310 | 418 | 445 | 257 | 363 | 346 |
Depreciation | 101 | 120 | 141 | 178 | 229 | 181 | 190 | 173 | 159 | 165 | 156 | 151 | 150 |
Profit before tax | 273 | 49 | -30 | 34 | 93 | 203 | 291 | 323 | -755 | -476 | 220 | 35 | 68 |
Tax % | 2% | 38% | 113% | -43% | 34% | 19% | 3% | 27% | 33% | 35% | 12% | -13% | |
268 | 30 | 4 | 49 | 61 | 164 | 281 | 235 | -508 | -307 | 193 | 39 | 65 | |
EPS in Rs | 6.62 | 0.69 | 0.09 | 1.11 | 1.34 | 3.56 | 5.66 | 4.72 | -10.24 | -6.19 | 3.26 | 0.65 | 1.06 |
Dividend Payout % | 15% | 76% | 593% | 47% | 39% | 22% | 18% | 22% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 0% |
5 Years: | -3% |
3 Years: | 22% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | -4% |
5 Years: | -28% |
3 Years: | 28% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | -4% |
5 Years: | 7% |
3 Years: | 49% |
1 Year: | 82% |
Return on Equity | |
---|---|
10 Years: | 0% |
5 Years: | -3% |
3 Years: | -3% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 81 | 91 | 92 | 92 | 95 | 96 | 103 | 103 | 103 | 103 | 122 | 125 | 137 |
Reserves | 1,796 | 2,230 | 2,260 | 2,269 | 4,066 | 4,221 | 4,456 | 4,618 | 4,113 | 3,809 | 4,356 | 4,422 | 4,620 |
2,824 | 2,863 | 2,939 | 3,084 | 2,831 | 1,627 | 1,202 | 1,636 | 3,133 | 3,327 | 2,829 | 2,737 | 2,591 | |
1,609 | 1,563 | 1,532 | 1,612 | 1,458 | 1,706 | 1,942 | 1,831 | 1,125 | 1,248 | 989 | 1,106 | 1,029 | |
Total Liabilities | 6,310 | 6,746 | 6,824 | 7,057 | 8,452 | 7,649 | 7,704 | 8,188 | 8,474 | 8,487 | 8,297 | 8,390 | 8,377 |
1,786 | 1,972 | 2,002 | 1,908 | 3,023 | 2,970 | 2,957 | 2,981 | 3,034 | 2,918 | 2,819 | 2,775 | 2,764 | |
CWIP | 177 | 60 | 21 | 32 | 16 | 20 | 67 | 101 | 43 | 23 | 17 | 30 | 23 |
Investments | 431 | 700 | 731 | 732 | 1,427 | 1,097 | 1,142 | 1,158 | 1,157 | 1,156 | 1,430 | 1,443 | 1,446 |
3,916 | 4,013 | 4,070 | 4,386 | 3,986 | 3,563 | 3,539 | 3,948 | 4,241 | 4,391 | 4,032 | 4,142 | 4,144 | |
Total Assets | 6,310 | 6,746 | 6,824 | 7,057 | 8,452 | 7,649 | 7,704 | 8,188 | 8,474 | 8,487 | 8,297 | 8,390 | 8,377 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
239 | 373 | 521 | 512 | 334 | 783 | 1,019 | -107 | -917 | 110 | 367 | 393 | |
-442 | -444 | -192 | -128 | -16 | 574 | -307 | -34 | -191 | -57 | -83 | -40 | |
102 | -41 | -377 | -281 | -411 | -1,448 | -701 | 97 | 1,202 | 68 | -400 | -411 | |
Net Cash Flow | -100 | -112 | -49 | 103 | -94 | -91 | 11 | -43 | 94 | 122 | -117 | -58 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 197 | 166 | 131 | 150 | 155 | 153 | 151 | 198 | 413 | 369 | 250 | 213 |
Inventory Days | 138 | 207 | 170 | 168 | 108 | 157 | 122 | 111 | 247 | 186 | 156 | 129 |
Days Payable | 202 | 209 | 159 | 162 | 115 | 152 | 185 | 153 | 139 | 88 | 79 | 90 |
Cash Conversion Cycle | 132 | 164 | 142 | 156 | 148 | 158 | 87 | 156 | 521 | 467 | 327 | 252 |
Working Capital Days | 166 | 193 | 177 | 176 | 191 | 148 | 119 | 178 | 469 | 435 | 365 | 291 |
ROCE % | 16% | 11% | 10% | 9% | 8% | 8% | 10% | 10% | -5% | -0% | 2% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 May - Of Earnings Conference Call of Q4 and FY 2024 as per Schedule III, Part A (A) (15) of SEBI (LODR), Regulations, 2015.
- Board Meeting Intimation for Notice Of Meeting Of Board To Be Held On Saturday, 18Th May, 2024 To Consider Standalone And Consolidated Audited Financial Statements For Quarter/Year Ended 31St March 2024 Pursuant To Regulation 33 Of SEBI (LODR), Regulations, 2015. 10 May
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Announcement under Regulation 30 (LODR)-Credit Rating
2 May - Regarding Credit Ratings under regulation 30 of SEBI Listing Regulations.
- Compliance- Yearly Certificate Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015-Ordinary Equity Shares 15 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 11 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Jun 2016TranscriptPPT
Market Position
JISL is the second largest micro-irrigation company globally and is the largest manufacturer of micro irrigation systems in India and USA. It is also the largest manufacturer of Mango pulp, puree, and concentrate in the world, and the third largest manufacturer of dehydrated onions. It is also India’s largest manufacturer of polyethylene pipes, one of the 3 leading PVC pipe manufacturers, and is also the world’s largest manufacturer of Tissue Culture banana plants. [1] [2]