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 ₹ 2,380 Cr.
- Current Price ₹ 32.7
- High / Low ₹ 66.4 / 27.1
- Stock P/E 47.4
- Book Value ₹ 81.7
- Dividend Yield 0.00 %
- ROCE 4.94 %
- ROE 0.61 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.40 times its book value
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 -0.55% over past five years.
- Promoter holding is low: 26.7%
- Company has a low return on equity of 6.04% over last 3 years.
- Promoters have pledged 40.8% of their holding.
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of BSE Industrials BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,821 | 6,117 | 6,281 | 6,715 | 7,800 | 8,536 | 5,891 | 5,631 | 7,078 | 5,690 | 6,084 | 5,732 | 6,324 | |
| 5,051 | 5,338 | 5,460 | 5,770 | 6,846 | 7,610 | 5,942 | 5,283 | 6,372 | 5,126 | 5,300 | 5,015 | 5,536 | |
| Operating Profit | 770 | 779 | 820 | 945 | 954 | 926 | -51 | 348 | 706 | 564 | 784 | 717 | 788 |
| OPM % | 13% | 13% | 13% | 14% | 12% | 11% | -1% | 6% | 10% | 10% | 13% | 13% | 12% |
| -184 | -35 | 34 | 59 | 163 | 275 | 75 | 116 | 611 | 1,004 | -43 | 16 | -24 | |
| Interest | 468 | 469 | 491 | 459 | 479 | 514 | 692 | 746 | 558 | 469 | 419 | 433 | 453 |
| Depreciation | 205 | 244 | 297 | 301 | 339 | 313 | 347 | 351 | 337 | 236 | 243 | 253 | 275 |
| Profit before tax | -86 | 31 | 67 | 243 | 299 | 374 | -1,014 | -633 | 422 | 863 | 79 | 46 | 36 |
| Tax % | -54% | -78% | 27% | 27% | 26% | 32% | -29% | -36% | 22% | 4% | 46% | 45% | |
| -40 | 55 | 49 | 176 | 221 | 254 | -719 | -403 | 329 | 832 | 43 | 26 | 7 | |
| EPS in Rs | -0.90 | 1.25 | 1.06 | 3.68 | 4.42 | 4.82 | -14.41 | -7.97 | 5.48 | 13.69 | 0.68 | 0.50 | 0.24 |
| Dividend Payout % | -58% | 42% | 49% | 21% | 24% | 22% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -1% |
| 3 Years: | -7% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 15% |
| 3 Years: | 30% |
| TTM: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 11% |
| 3 Years: | -6% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 1% |
| 3 Years: | 6% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 92 | 92 | 95 | 96 | 103 | 103 | 103 | 103 | 122 | 125 | 137 | 138 | 147 |
| Reserves | 2,083 | 2,047 | 3,969 | 4,062 | 4,248 | 4,310 | 3,368 | 2,865 | 3,534 | 5,056 | 5,304 | 5,482 | 5,694 |
| 4,060 | 4,231 | 4,124 | 4,033 | 4,453 | 5,247 | 7,159 | 6,974 | 6,767 | 3,967 | 4,049 | 4,008 | 4,128 | |
| 1,858 | 1,889 | 2,428 | 2,815 | 3,348 | 3,097 | 2,388 | 2,730 | 2,126 | 1,834 | 1,675 | 1,799 | 2,014 | |
| Total Liabilities | 8,093 | 8,260 | 10,617 | 11,007 | 12,152 | 12,758 | 13,018 | 12,671 | 12,549 | 10,981 | 11,166 | 11,427 | 11,983 |
| 2,777 | 2,761 | 4,833 | 4,803 | 5,284 | 5,565 | 5,989 | 5,577 | 5,372 | 4,147 | 4,242 | 4,393 | 4,481 | |
| CWIP | 81 | 53 | 60 | 64 | 122 | 139 | 56 | 21 | 25 | 32 | 26 | 44 | 73 |
| Investments | 1 | 62 | 106 | 81 | 85 | 83 | 86 | 88 | 73 | 1,143 | 1,190 | 1,222 | 1,264 |
| 5,234 | 5,384 | 5,618 | 6,058 | 6,661 | 6,971 | 6,887 | 6,985 | 7,078 | 5,659 | 5,708 | 5,769 | 6,165 | |
| Total Assets | 8,093 | 8,260 | 10,617 | 11,007 | 12,152 | 12,758 | 13,018 | 12,671 | 12,549 | 10,981 | 11,166 | 11,427 | 11,983 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 574 | 660 | 440 | 674 | 1,313 | 156 | -675 | 299 | 476 | 45 | 535 | 843 | |
| -292 | -228 | -275 | -417 | -1,060 | -346 | -258 | 303 | -194 | 3,138 | -314 | -229 | |
| -320 | -325 | -89 | -520 | -167 | 110 | 1,046 | -435 | -385 | -3,365 | -251 | -621 | |
| Net Cash Flow | -38 | 107 | 76 | -263 | 86 | -80 | 113 | 167 | -104 | -182 | -30 | -7 |
| Free Cash Flow | 312 | 451 | 186 | 374 | 791 | -211 | -943 | 210 | 311 | -98 | 316 | 605 |
| CFO/OP | 75% | 88% | 55% | 74% | 143% | 23% | 1,192% | 99% | 72% | 15% | 68% | 119% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 113 | 117 | 126 | 124 | 118 | 128 | 174 | 161 | 121 | 140 | 133 | 135 |
| Inventory Days | 201 | 197 | 196 | 229 | 214 | 197 | 240 | 231 | 209 | 190 | 191 | 203 |
| Days Payable | 147 | 144 | 140 | 156 | 173 | 140 | 124 | 113 | 102 | 106 | 89 | 105 |
| Cash Conversion Cycle | 167 | 170 | 182 | 197 | 159 | 186 | 290 | 279 | 228 | 224 | 235 | 233 |
| Working Capital Days | 17 | 15 | 34 | 79 | 66 | 72 | -6 | -58 | 55 | 65 | 80 | 75 |
| ROCE % | 10% | 9% | 8% | 8% | 9% | 9% | -3% | 0% | 4% | 4% | 6% | 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 |
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| Farmers Reached Million |
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| Number of Global Manufacturing Bases Count |
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| Polymer Consumption (Plastic Division Production Proxy) Metric Tonnes (MT) |
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| Tissue Culture Sales Volume Million Plants |
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| Consolidated Order Book INR Million |
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| Tissue Culture Production Capacity Million Plants per Annum |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
7 May - ICRA downgraded and withdrew rating on Jain Irrigation’s Rs 787.24 crore NCDs on May 6, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 May - Intimation of Earnings Conference Call of Q4 FY26 as per Schedule III, Part A (A) (15) of SEBI (LODR), Regulations, 2015
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Board Meeting Intimation for Notice Of Meeting Of Board To Be Held On Friday, 15Th May, 2026 To Consider Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended March 31, 2026 Pursuant To Regulation 33 Of SEBI (LODR), Regulations,2015
6 May - Board to meet on 15 May 2026 to approve audited Q4 and FY2026 standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Resignation of Director
25 Apr - SBI nominee director Aroop Sircar resigned effective April 25, 2026 after completing three-year tenure.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Regulation 74(5) certificate confirming demat requests for quarter and year ended 31 March 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
from bse
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Financial Year 2011
from nse
Concalls
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Feb 2026TranscriptPPT
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Nov 2025Transcript PPT REC
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Jul 2025TranscriptPPT REC
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Jul 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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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 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Sep 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Mar 2020TranscriptPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Jun 2016TranscriptPPT
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]