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 ₹ 3,934 Cr.
- Current Price ₹ 63.0
- High / Low ₹ 69.8 / 26.5
- Stock P/E
- Book Value ₹ 84.9
- Dividend Yield 0.00 %
- ROCE 4.02 %
- ROE 19.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 0.74 times its book value
- Company has delivered good profit growth of 30.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.91%
- The company has delivered a poor sales growth of -6.11% over past five years.
- Promoter holding is low: 27.4%
- Company has a low return on equity of 1.48% over last 3 years.
- Promoters have pledged 58.5% of their holding.
- Earnings include an other income of Rs.1,034 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,903 | 5,016 | 5,821 | 6,117 | 6,281 | 6,715 | 7,800 | 8,536 | 5,891 | 5,631 | 7,078 | 5,690 | 6,558 | |
4,087 | 4,289 | 5,051 | 5,338 | 5,460 | 5,770 | 6,846 | 7,610 | 5,942 | 5,283 | 6,372 | 5,126 | 5,897 | |
Operating Profit | 815 | 727 | 770 | 779 | 820 | 945 | 954 | 926 | -51 | 348 | 706 | 564 | 661 |
OPM % | 17% | 14% | 13% | 13% | 13% | 14% | 12% | 11% | -1% | 6% | 10% | 10% | 10% |
34 | -59 | -184 | -35 | 34 | 59 | 163 | 275 | 75 | 116 | 611 | 1,004 | 1,034 | |
Interest | 477 | 486 | 468 | 469 | 491 | 459 | 479 | 514 | 692 | 746 | 558 | 469 | 526 |
Depreciation | 144 | 170 | 205 | 244 | 297 | 301 | 339 | 313 | 347 | 351 | 337 | 236 | 261 |
Profit before tax | 229 | 13 | -86 | 31 | 67 | 243 | 299 | 374 | -1,014 | -633 | 422 | 863 | 909 |
Tax % | 0% | 64% | 54% | -78% | 27% | 27% | 26% | 32% | 29% | 36% | 22% | 4% | |
229 | 4 | -40 | 55 | 49 | 176 | 221 | 254 | -719 | -403 | 329 | 832 | 874 | |
EPS in Rs | 5.52 | 0.07 | -0.90 | 1.25 | 1.06 | 3.68 | 4.42 | 4.82 | -14.41 | -7.97 | 5.48 | 13.69 | 14.43 |
Dividend Payout % | 18% | 738% | -58% | 42% | 49% | 21% | 24% | 22% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | -6% |
3 Years: | -1% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 31% |
3 Years: | 47% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 0% |
3 Years: | 62% |
1 Year: | 67% |
Return on Equity | |
---|---|
10 Years: | 1% |
5 Years: | -2% |
3 Years: | 1% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
81 | 91 | 92 | 92 | 95 | 96 | 103 | 103 | 103 | 103 | 122 | 125 | |
Reserves | 1,638 | 2,061 | 2,083 | 2,047 | 3,969 | 4,062 | 4,248 | 4,310 | 3,368 | 2,865 | 3,480 | 5,011 |
3,799 | 3,811 | 4,060 | 4,231 | 4,124 | 4,033 | 4,453 | 5,247 | 7,159 | 6,974 | 6,767 | 3,967 | |
1,896 | 1,765 | 1,858 | 1,889 | 2,428 | 2,815 | 3,348 | 3,097 | 2,388 | 2,730 | 2,180 | 1,879 | |
Total Liabilities | 7,413 | 7,728 | 8,093 | 8,260 | 10,617 | 11,007 | 12,152 | 12,758 | 13,018 | 12,671 | 12,549 | 10,981 |
2,373 | 2,609 | 2,777 | 2,761 | 4,833 | 4,803 | 5,284 | 5,565 | 5,989 | 5,577 | 5,372 | 4,147 | |
CWIP | 198 | 75 | 81 | 53 | 60 | 64 | 122 | 139 | 56 | 21 | 25 | 32 |
Investments | 24 | 4 | 1 | 62 | 106 | 81 | 85 | 83 | 86 | 88 | 73 | 1,143 |
4,818 | 5,041 | 5,234 | 5,384 | 5,618 | 6,058 | 6,661 | 6,971 | 6,887 | 6,985 | 7,078 | 5,659 | |
Total Assets | 7,413 | 7,728 | 8,093 | 8,260 | 10,617 | 11,007 | 12,152 | 12,758 | 13,018 | 12,671 | 12,549 | 10,981 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
85 | 428 | 574 | 660 | 440 | 674 | 1,313 | 156 | -675 | 299 | 476 | 45 | |
-532 | -342 | -292 | -228 | -275 | -417 | -1,060 | -346 | -258 | 303 | -194 | 3,138 | |
366 | -183 | -320 | -325 | -89 | -520 | -167 | 110 | 1,046 | -435 | -385 | -3,365 | |
Net Cash Flow | -82 | -97 | -38 | 107 | 76 | -263 | 86 | -80 | 113 | 167 | -104 | -182 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 169 | 142 | 113 | 117 | 126 | 124 | 118 | 128 | 174 | 161 | 121 | 140 |
Inventory Days | 198 | 223 | 201 | 197 | 196 | 229 | 214 | 197 | 240 | 231 | 209 | 190 |
Days Payable | 183 | 173 | 147 | 144 | 140 | 156 | 173 | 140 | 124 | 113 | 102 | 106 |
Cash Conversion Cycle | 184 | 192 | 167 | 170 | 182 | 197 | 159 | 186 | 290 | 279 | 228 | 224 |
Working Capital Days | 163 | 172 | 154 | 148 | 158 | 146 | 136 | 154 | 221 | 221 | 212 | 226 |
ROCE % | 14% | 11% | 10% | 9% | 8% | 8% | 9% | 9% | -3% | 0% | 4% | 4% |
Documents
Announcements
- Closure of Trading Window 2m
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Signed Minutes Of 36Th AGM Held On 8Th September, 2023 20 Sep
- Disclosure Of Voting Results At The 36Th AGM Held On Friday, 8Th September, 2023 At 10:00 AM IST At The Registered Office Of The Company Through Physical Mode And/Or Video Conferencing / Other Audio Visual Means (VC/OAVC) Pursuant To Regulation 44(3) Of SEBI (LODR) Regulations, 2015 8 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 8 Sep
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021Transcript PPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Sep 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Mar 2020TranscriptPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
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]