Jain Irrigation Systems Ltd

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

Jain Irrigation Systems Ltd

₹ 59.3 -1.98%
25 Apr 2:46 p.m.
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 ₹ 4,022 Cr.
  • Current Price ₹ 59.3
  • High / Low ₹ 73.4 / 35.0
  • Stock P/E
  • Book Value ₹ 80.7
  • Dividend Yield 0.00 %
  • ROCE 4.02 %
  • ROE 19.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.75 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.
  • The company has delivered a poor sales growth of -6.11% over past five years.
  • Promoter holding is low: 26.1%
  • Company has a low return on equity of 1.48% over last 3 years.
  • Earnings include an other income of Rs.1,095 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,331.76 1,793.80 1,777.52 1,644.59 1,613.75 1,372.74 1,416.16 1,081.98 1,504.03 1,745.41 1,701.04 1,361.92 1,357.77
1,260.56 1,639.84 1,515.75 1,475.49 1,506.28 1,299.88 1,227.39 974.87 1,326.90 1,619.51 1,485.95 1,188.44 1,192.71
Operating Profit 71.20 153.96 261.77 169.10 107.47 72.86 188.77 107.11 177.13 125.90 215.09 173.48 165.06
OPM % 5.35% 8.58% 14.73% 10.28% 6.66% 5.31% 13.33% 9.90% 11.78% 7.21% 12.64% 12.74% 12.16%
23.08 125.83 6.06 246.02 37.41 325.58 -19.62 -45.34 -41.43 1,075.95 3.91 1.88 12.87
Interest 190.82 191.81 184.75 183.20 187.72 -62.80 109.47 98.44 107.59 153.68 105.23 99.21 107.89
Depreciation 90.36 80.79 84.43 83.88 83.50 61.99 58.09 58.28 58.68 60.80 59.01 59.50 59.11
Profit before tax -186.90 7.19 -1.35 148.04 -126.34 399.25 1.59 -94.95 -30.57 987.37 54.76 16.65 10.93
Tax % 34.28% -582.75% 1,095.56% 26.94% 42.99% 30.10% 464.15% 5.57% -61.96% 1.06% 33.09% 50.45% 21.41%
-122.84 49.09 13.44 108.16 -72.03 279.06 -5.79 -89.66 -49.51 976.89 36.64 8.25 8.59
EPS in Rs -2.40 0.99 0.25 2.15 -1.45 4.69 -0.16 -1.50 -0.81 16.16 0.57 0.13 0.15
Raw PDF

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 6,166
4,087 4,289 5,051 5,338 5,460 5,770 6,846 7,610 5,942 5,283 6,372 5,126 5,487
Operating Profit 815 727 770 779 820 945 954 926 -51 348 706 564 680
OPM % 17% 14% 13% 13% 13% 14% 12% 11% -1% 6% 10% 10% 11%
34 -59 -184 -35 34 59 163 275 75 116 611 1,004 1,095
Interest 477 486 468 469 491 459 479 514 692 746 558 469 466
Depreciation 144 170 205 244 297 301 339 313 347 351 337 236 238
Profit before tax 229 13 -86 31 67 243 299 374 -1,014 -633 422 863 1,070
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 1,030
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 17.01
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: 15%
Compounded Profit Growth
10 Years: 36%
5 Years: 31%
3 Years: 47%
TTM: -210%
Stock Price CAGR
10 Years: -3%
5 Years: 1%
3 Years: 49%
1 Year: 71%
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 Sep 2023
Equity Capital 81 91 92 92 95 96 103 103 103 103 122 125 137
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 5,247
3,799 3,811 4,060 4,231 4,124 4,033 4,453 5,247 7,159 6,974 6,767 3,967 3,941
1,896 1,765 1,858 1,889 2,428 2,815 3,348 3,097 2,388 2,730 2,180 1,879 1,914
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 11,239
2,373 2,609 2,777 2,761 4,833 4,803 5,284 5,565 5,989 5,577 5,372 4,147 4,226
CWIP 198 75 81 53 60 64 122 139 56 21 25 32 29
Investments 24 4 1 62 106 81 85 83 86 88 73 1,143 1,179
4,818 5,041 5,234 5,384 5,618 6,058 6,661 6,971 6,887 6,985 7,078 5,659 5,805
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 11,239

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%

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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