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 ₹ 2,034 Cr.
- Current Price ₹ 28.5
- High / Low ₹ 51.9 / 22.9
- Stock P/E 91.9
- Book Value ₹ 72.2
- Dividend Yield 0.00 %
- ROCE 5.08 %
- ROE 0.62 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.39 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 0.71% 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.
Peer comparison
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Part of BSE Industrials BSE 1000
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,202 | 4,233 | 3,656 | 4,170 | 4,402 | 1,927 | 2,121 | 2,778 | 3,556 | 3,758 | 3,259 | 3,533 | 3,313 | |
| 3,572 | 3,546 | 3,050 | 3,558 | 3,715 | 2,206 | 2,026 | 2,511 | 3,188 | 3,254 | 2,788 | 3,001 | 2,820 | |
| Operating Profit | 630 | 687 | 606 | 612 | 687 | -279 | 95 | 267 | 368 | 503 | 471 | 532 | 493 |
| OPM % | 15% | 16% | 17% | 15% | 16% | -14% | 4.5% | 10% | 10% | 13% | 14% | 15% | 15% |
| -17 | 64 | 121 | 145 | 118 | 82 | 40 | 366 | 180 | 18 | 17 | -1 | 7 | |
| Interest | 400 | 429 | 342 | 276 | 310 | 400 | 445 | 257 | 363 | 292 | 292 | 296 | 292 |
| Depreciation | 178 | 229 | 181 | 190 | 173 | 159 | 165 | 156 | 151 | 149 | 159 | 168 | 170 |
| Profit before tax | 34 | 93 | 203 | 291 | 323 | -755 | -476 | 220 | 35 | 79 | 38 | 67 | 39 |
| 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 | 3 | |
| 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 | 0.04 |
| 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: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 16% |
| 3 Years: | -17% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -9% |
| 3 Years: | -21% |
| 1 Year: | -45% |
| 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 | 2,499 | 2,477 | |
| 1,612 | 1,458 | 1,706 | 1,942 | 1,831 | 1,126 | 1,248 | 935 | 1,061 | 958 | 989 | 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 | 434 | 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 | -308 | -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 | 288 | 229 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 84% | 50% | 131% | 171% | -14% | 319% | 130% | 136% | 110% | 107% | 90% | 67% |
Ratios
Standalone / 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 | 211 | 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 | 97 | 87 |
| Cash Conversion Cycle | 156 | 148 | 158 | 87 | 156 | 531 | 467 | 327 | 252 | 240 | 295 | 277 |
| Working Capital Days | 48 | 75 | 88 | 71 | 108 | 29 | -86 | 140 | 114 | 113 | 127 | 80 |
| ROCE % | 9% | 8% | 8% | 10% | 10% | -5% | -0% | 2% | 6% | 5% | 4% | 5% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Dealers and Distributors (Global) Count |
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| Manufacturing Plants Count |
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| Hi-Tech Agri Revenue Share (Consolidated) % of consolidated revenue |
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| Tissue Culture Plants Sold Million plants |
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| Solar Agri Pumps Installed (Cumulative) Count |
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Extracted by Screener AI
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Agreement With Supercritical For Up To 19,000 Tonnes Of Biochar Carbon Removal Credits
- Jain Irrigation signed Supercritical deal for up to 19,000 tonnes of biochar credits in 2026-2027.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of Investor Conference Call for Q2 FY27 pursuant to Schedule III, Part A, Para A(15) of the SEBI (LODR) Regulations, 2015
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Board Meeting Intimation for The Meeting Of The Board To Be Held On Wednesday, 04Th November, 2026 To Consider The Standalone And Consolidated Unaudited Financial Working Results For Q2/H1 FY27 Pursuant To Regulation 33 Of The SEBI (LODR) Regulations, 2015.
- Board meets 4 November 2026 to approve Q2/H1 FY27 unaudited results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Jain Irrigation signs deal with Supercritical for up to 19,000 tonnes of biochar credits in 2026-27.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL reaffirmed BBB-/Negative and A3 ratings; withdrew ratings on redeemed ₹218.64 crore NCDs and ₹5.16 crore facilities.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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May 2026Transcript REC
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Feb 2026Transcript
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Nov 2025Transcript PPT REC
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Jul 2025PPT 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 2023PPT
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Nov 2022PPT
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Aug 2022PPT
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May 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021PPT
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Jun 2021PPT
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Feb 2021Transcript PPT
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Feb 2021PPT
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Nov 2020PPT
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Sep 2020PPT
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Aug 2020PPT
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Mar 2020Transcript
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Aug 2019PPT
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May 2019PPT
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Feb 2019PPT
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Nov 2018PPT
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Jun 2016Transcript
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]