Jain Irrigation Systems Ltd

Jain Irrigation Systems Ltd

₹ 30.1 -1.47%
26 May - close price
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]

  • Market Cap 2,202 Cr.
  • Current Price 30.1
  • High / Low 66.4 / 27.1
  • Stock P/E 70.0
  • Book Value 72.2
  • Dividend Yield 0.00 %
  • ROCE 5.10 %
  • ROE 0.62 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.42 times its book value
  • Company's working capital requirements have reduced from 107 days to 79.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Promoter holding is low: 26.7%
  • Company has a low return on equity of 0.73% over last 3 years.
  • Promoters have pledged 40.8% of their holding.
  • Company has high debtors of 207 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,166 1,146 805 805 1,065 857 575 800 1,027 919 691 920 1,003
1,099 994 698 691 932 750 501 670 867 796 584 784 837
Operating Profit 67 152 106 115 134 107 74 130 160 123 108 136 166
OPM % 6% 13% 13% 14% 13% 12% 13% 16% 16% 13% 16% 15% 17%
114 4 5 2 4 8 5 3 2 3 8 -14 2
Interest 123 79 68 77 69 71 71 75 76 74 71 75 76
Depreciation 38 37 38 37 38 37 37 39 45 42 41 41 44
Profit before tax 20 41 5 3 31 7 -29 19 41 10 3 5 49
Tax % -74% 35% 52% 34% 19% 6% -29% 43% 31% 33% 32% 30% 77%
35 26 2 2 25 6 -21 11 28 7 2 4 11
EPS in Rs 0.57 0.42 0.04 0.03 0.38 0.10 -0.31 0.16 0.42 0.10 0.03 0.05 0.16
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4,202 4,233 3,656 4,170 4,402 1,927 2,121 2,778 3,556 3,758 3,212 3,533
3,572 3,546 3,050 3,558 3,715 2,206 2,026 2,511 3,188 3,254 2,741 3,001
Operating Profit 630 687 606 612 687 -279 95 267 368 503 471 532
OPM % 15% 16% 17% 15% 16% -14% 4% 10% 10% 13% 15% 15%
-17 64 121 145 118 82 40 366 180 18 17 -1
Interest 400 429 342 276 310 400 445 257 363 292 292 296
Depreciation 178 229 181 190 173 159 165 156 151 149 159 168
Profit before tax 34 93 203 291 323 -755 -476 220 35 79 38 67
Tax % -43% 34% 19% 3% 27% -33% -35% 12% -13% 30% 34% 64%
49 61 164 281 235 -508 -307 193 39 56 25 24
EPS in Rs 1.11 1.34 3.56 5.66 4.72 -10.24 -6.19 3.26 0.65 0.83 0.37 0.34
Dividend Payout % 47% 39% 22% 18% 22% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 11%
3 Years: 0%
TTM: 10%
Compounded Profit Growth
10 Years: -7%
5 Years: 16%
3 Years: -17%
TTM: 50%
Stock Price CAGR
10 Years: -8%
5 Years: 6%
3 Years: -9%
1 Year: -47%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 92 95 96 103 103 103 103 122 125 137 138 147
Reserves 2,269 4,066 4,221 4,456 4,618 4,113 3,809 4,410 4,467 4,696 4,843 5,012
3,084 2,831 1,627 1,202 1,636 3,126 3,327 2,829 2,737 2,466 2,450 2,477
1,612 1,458 1,706 1,942 1,831 1,126 1,248 935 1,061 958 1,038 945
Total Liabilities 7,057 8,452 7,649 7,704 8,188 8,468 8,487 8,297 8,390 8,257 8,469 8,580
1,908 3,023 2,970 2,957 2,981 3,034 2,918 2,819 2,775 2,775 2,824 2,758
CWIP 32 16 20 67 101 43 23 17 30 22 36 55
Investments 732 1,427 1,097 1,142 1,158 1,157 1,156 1,430 1,443 1,448 1,446 1,456
4,386 3,986 3,563 3,539 3,948 4,234 4,391 4,032 4,142 4,013 4,163 4,311
Total Assets 7,057 8,452 7,649 7,704 8,188 8,468 8,487 8,297 8,390 8,257 8,469 8,580

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
512 334 783 1,019 -107 -925 110 367 393 542 483 350
-128 -16 574 -307 -34 -201 -57 -83 -40 -133 -138 -116
-281 -411 -1,448 -701 97 1,220 68 -400 -411 -422 -357 -177
Net Cash Flow 103 -94 -91 11 -43 94 122 -117 -58 -12 -12 57
Free Cash Flow 391 142 646 822 -327 -1,059 86 317 274 403 337 229
CFO/OP 84% 50% 131% 171% -14% 319% 130% 136% 110% 107% 101% 67%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 150 155 153 151 198 423 369 250 213 193 214 207
Inventory Days 168 108 157 122 111 247 186 156 129 125 181 158
Days Payable 162 115 152 185 153 139 88 79 90 79 106 54
Cash Conversion Cycle 156 148 158 87 156 531 467 327 252 240 288 310
Working Capital Days 48 75 88 71 108 29 -86 140 114 113 129 80
ROCE % 9% 8% 8% 10% 10% -5% -0% 2% 6% 5% 4% 5%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Number of Dealers and Distributors
Count

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Days Sales Outstanding (DSO)
Days
Farmers Reached
Million
Number of Global Manufacturing Bases
Count
Polymer Consumption (Plastic Division Production Proxy)
Metric Tonnes (MT)
Tissue Culture Sales Volume
Million Plants
Consolidated Order Book
INR Million
Tissue Culture Production Capacity
Million Plants per Annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
27.45% 26.12% 26.12% 26.12% 26.12% 26.12% 26.02% 25.94% 26.68% 26.68% 26.68% 26.68%
4.15% 4.89% 5.32% 5.46% 5.18% 5.38% 4.55% 4.97% 5.19% 2.98% 3.20% 3.91%
9.87% 9.33% 9.34% 9.32% 9.33% 9.36% 9.41% 9.42% 6.85% 8.85% 8.84% 8.61%
0.00% 0.06% 0.07% 0.08% 0.06% 0.06% 0.06% 0.06% 0.07% 0.07% 0.07% 0.07%
58.23% 59.33% 58.87% 58.73% 59.02% 58.79% 59.68% 59.52% 61.13% 61.35% 61.14% 60.69%
0.30% 0.28% 0.28% 0.28% 0.28% 0.28% 0.28% 0.09% 0.06% 0.06% 0.06% 0.06%
No. of Shareholders 1,91,9341,91,8321,90,8102,00,1881,90,3761,98,3211,92,9691,94,2241,95,9441,97,3361,96,1201,93,943

* 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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