Jain Irrigation Systems Ltd

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

Jain Irrigation Systems Ltd

₹ 62.5 -1.42%
30 Apr - 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 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]

Website BSE NSE
  • Market Cap ₹ 4,238 Cr.
  • Current Price ₹ 62.5
  • High / Low ₹ 73.4 / 37.0
  • Stock P/E 59.0
  • Book Value ₹ 71.3
  • Dividend Yield 0.00 %
  • ROCE 5.66 %
  • ROE 1.20 %
  • 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 -2.58% over last 3 years.
  • 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
529.49 748.46 696.75 638.54 644.37 839.49 861.74 602.81 982.91 1,166.03 1,146.05 804.54 805.28
499.16 651.29 599.25 560.95 579.88 798.87 754.98 531.69 837.72 1,102.08 993.86 698.23 694.20
Operating Profit 30.33 97.17 97.50 77.59 64.49 40.62 106.76 71.12 145.19 63.95 152.19 106.31 111.08
OPM % 5.73% 12.98% 13.99% 12.15% 10.01% 4.84% 12.39% 11.80% 14.77% 5.48% 13.28% 13.21% 13.79%
10.27 8.55 11.01 10.48 -0.26 332.05 7.80 26.91 9.31 117.25 4.21 4.59 5.06
Interest 112.38 111.43 112.78 116.47 118.32 -90.38 81.61 76.36 81.96 123.01 78.61 68.33 76.53
Depreciation 39.84 43.74 39.44 38.80 37.62 40.42 37.40 37.44 37.44 38.29 37.27 37.50 36.94
Profit before tax -111.62 -49.45 -43.71 -67.20 -91.71 422.63 -4.45 -15.77 35.10 19.90 40.52 5.07 2.67
Tax % 32.63% 55.01% 62.39% 43.56% 39.40% 28.28% -23.15% 21.81% 35.84% -73.92% 35.34% 52.07% 33.71%
-75.20 -22.25 -16.44 -37.93 -55.58 303.10 -5.48 -12.33 22.52 34.61 26.20 2.43 1.77
EPS in Rs -1.52 -0.45 -0.33 -0.76 -1.12 5.11 -0.09 -0.20 0.37 0.57 0.42 0.04 0.03
Raw PDF

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: -3%
5 Years: 4%
3 Years: 49%
1 Year: 62%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
28.64% 28.64% 28.64% 26.91% 26.91% 28.37% 28.37% 28.37% 27.45% 26.12% 26.12% 26.12%
5.39% 5.20% 6.66% 5.16% 5.88% 5.46% 4.71% 3.76% 4.15% 4.89% 5.32% 5.46%
0.01% 0.01% 0.00% 11.54% 11.54% 10.20% 10.20% 10.20% 9.87% 9.33% 9.34% 9.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.07% 0.08%
65.58% 65.76% 64.31% 56.08% 55.35% 55.67% 56.41% 57.38% 58.23% 59.33% 58.87% 58.73%
0.38% 0.38% 0.38% 0.32% 0.32% 0.31% 0.31% 0.31% 0.30% 0.28% 0.28% 0.28%
No. of Shareholders 2,09,4742,04,5222,04,3792,02,1772,04,2102,00,9382,01,7461,97,3491,91,9341,91,8321,90,8102,00,188

* 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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