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Jain Irrigation Systems Ltd (JISLJALEQS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500219 NSE: JISLJALEQS Plastic Products | Small Cap | Jain Irrigation Sys Share Price

₹30.11 -0.76 (-2.46%)

As on 10-Jun'26 16:01

Jain Irrigation Systems Ltd (JISLJALEQS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500219 NSE: JISLJALEQS Plastic Products | Small Cap | Jain Irrigation Sys Share Price

₹30.11 -0.76 (-2.46%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹2,206 Cr.
Current Price
₹30.1
52-Week Low / High
₹27 / 66
TTM EPS
₹0.3
TTM Sales
₹3,533 Cr.
Book Value per Share
₹72.1
P/E Ratio
91.80
Higher than its 5-year historical median
Industry PE
38.7
Price to Book (P/B)
0.43
Lower than its 5-year historical median
Price to Sales (P/S)
0.62
Lower than its 5-year historical median
EV/EBITDA
8.18
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.51%
Underperforms industry median
Return on Capital Employed (ROCE)
4.49%
Underperforms industry median
Return on Assets (ROA)
0.30%
Operating Profit Margin
13.9%
Net Profit Margin
0.76%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-14.71%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.81%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-55.5%
Asset Quality
Promoter Holding
26.68%
Pledged shares (%) of Promoter's holding (%)
40.77%
Reserves
₹5,012 Cr.
Equity
₹142.9 Cr.
Face Value
₹2
All Time Low / High
₹1.51 / 251.97

Jain Irrigation Systems stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Jain Irrigation Systems Ltd a good quality company?
Jain Irrigation Systems Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Jain Irrigation Systems Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jain Irrigation Systems Ltd vs industry peers?
Jain Irrigation Systems Ltd revenue CAGR is 10.22%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Jain Irrigation Systems Ltd?
Promoters hold 26.68% of the Jain Irrigation Systems Ltd, with 40.77% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Jain Irrigation Systems Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -7.6% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Jain Irrigation Systems Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6.7%8.4%9.7%10.4%-4.9%-0.4%6.5%5.4%5.1%4.5%-
Value Creation
Index
-0.5-0.4-0.3-0.3-1.4-1.0-0.5-0.6-0.6-0.7-

Growth Parameters

Sales 3,4183,7104,2134,4432,0032,1562,8193,6133,8213,2593,533
Sales YoY Gr.-8.6%13.6%5.5%-54.9%7.6%30.7%28.2%5.8%-14.7%-
Adj EPS 0.52.554.6-10.1-5.3-0.40.50.70.10.3
YoY Gr.-414.3%96.8%-6.9%-317.8%NANANA54.4%-83.1%-
BVPS (₹) 87.39088.491.681.875.973.272.969.771.472.1
Adj Net
Profit
23.2121256238-519-275-23.529498.624
Cash Flow from Ops. 3347831,019-107-91792.3367393542483-
Debt/CF from Ops. 8.52.11.2-15.3-3.436.17.774.64.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -0.5%10.2%5%-14.7%
Adj EPS -14.5%NANA-83.1%
BVPS-2.2%-2.7%-0.9%2.4%
Share Price -7.6% 0.9% -9% -53.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.72.95.85.1-11.6-6.8-0.60.610.20.5
Op. Profit
Mgn %
1717.114.515.9-11.76.59.510.213.213.915.1
Net Profit
Mgn %
0.73.36.15.4-25.9-12.8-0.80.81.30.30.7
Debt to
Equity
0.70.40.30.40.70.90.60.60.50.50
Working Cap
Days
341305260276650616445304383448222
Cash Conv.
Cycle
991218510737337526317122827058

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,4183,7104,2134,4432,0032,1562,8193,6133,8213,259
Operating Expenses + 2,8413,1043,6023,7552,2372,0622,5523,2463,3182,805
Manufacturing Costs-325300463451327229297351402343
Material Costs2,4862,0732,3922,4961,1051,2971,6622,1822,1951,799
Employee Cost 257264288320298241243287322353
Other Costs 423467460488507294349425399310
Operating Profit 577606611687-23495267368503454
Operating Profit Margin (%) 16.9%16.3%14.5%15.5%-11.7%4.4%9.5%10.2%13.2%13.9%
Other Income + 661211461185540711951835
Exceptional Items 000000295-1500
Interest 348342276310418445257363292292
Depreciation 229181190173159165156151149159
Profit Before Tax 66203291323-755-476220357938
Tax 25391088-247-16827-52413
Profit After Tax 41164281235-508-307193395625
PAT Margin (%) 1.2%4.4%6.7%5.3%-25.4%-14.3%6.9%1.1%1.5%0.8%
Adjusted EPS (₹)0.93.45.54.6-9.9-6.03.20.60.80.4
Dividend Payout Ratio (%)58.20%22%18.40%22%0%0%0%0%0%0%

Valuation of Jain Irrigation Sys - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4,1594,3174,5594,7214,2163,9134,4784,5474,7844,931
Share Capital 9596103103103103122125137138
Reserves 4,0644,2214,4564,6184,1133,8094,3564,4224,6464,793
Debt +2,5561,1271,0071,4702,8192,8862,6692,5562,2732,186
Long Term Debt1,2125264496244293011,1151,009796688
Short Term Debt1,3436015588462,3892,5851,5531,5461,4781,499
Minority Interest0000000000
Trade Payables7858631,2141,047421312358538473525
Others Liabilities 9541,3609709811,0181,340800733734743
Total Liabilities 8,4547,6677,7508,2208,4748,4508,3058,3738,2648,385

Fixed Assets

Net Fixed Assets +3,0232,9442,9322,9573,0112,8972,8002,7592,7612,812
Gross Block3,8933,9944,1714,3644,5714,6134,6244,7074,8374,981
Accumulated Depreciation8701,0501,2391,4071,5601,7161,8241,9482,0762,169
CWIP 162067101432317302236
Investments 1,4271,0971,1421,1581,1571,1561,4301,4431,4481,446
Inventories734892798757747661712770754891
Trade Receivables1,7991,5351,7232,3872,2332,1431,9002,0761,9881,885
Cash Equivalents 13216826530117278193685239
Others Assets 1,3231,0118238291,1671,2921,2551,2261,2381,275
Total Assets 8,4547,6677,7508,2208,4748,4508,3058,3738,2648,385

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3347831,019-107-91792367393542483
PBT 93203291323-755-476220357938
Adjustment 659357366412780652118452446415
Changes in Working Capital -407235390-829-903-7125-811121
Tax Paid -12-12-27-13-37-124-1369
Cash Flow From Investing Activity + -16574-307-34-191-65-83-40-133-138
Capex -192-137-197-220-134-24-50-119-139-146
Net Investments -392-126-8619113-32-386640
Others 567837-24-5-70-951337
Cash Flow From Financing Activity + -411-1,448-701971,20295-400-411-422-357
Net Proceeds from Shares 113160000502613614
Net Proceeds from Borrowing -144-345-336163-589-431-184-307-180
Interest Paid -433-347-278-308-272-106-234-246-232-220
Dividend Paid -28-29-43-52-0-0-0-0-0-0
Others 81-742-442951,532192215-7-1929
Net Cash Flow -94-9111-4394122-117-58-12-12

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.263.876.335.05-11.37-7.564.60.871.190.51
ROCE (%)6.668.439.6810.44-4.92-0.426.545.415.084.49
Asset Turnover Ratio0.550.540.610.60.270.290.390.570.460.39
PAT to CFO Conversion(x)8.154.773.63-0.46N/AN/A1.910.089.6819.32
Working Capital Days
Receivable Days150.20139.80125.90156372.10329227.20152.90194.10216.90
Inventory Days80.4068.2065.3059.10121.20105.9077.105772.8092.10
Payable Days134141.40155.40160.10226.3089.5062.2057.5058.5062.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *58.8947.0558.8958.8958.8948.7544.5940.7740.7740.77
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Jain Irrigation Systems Ltd FAQs

The current trading price of Jain Irrigation Sys on 10-Jun-2026 16:01 is ₹30.11.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Jain Irrigation Sys stood at ₹2,206 Cr

The latest P/E ratio of Jain Irrigation Sys as of 09-Jun-2026 is 91.80.

The latest P/B ratio of Jain Irrigation Sys as of 09-Jun-2026 is 0.43.

The 52-week high of Jain Irrigation Sys is ₹66.40 and the 52-week low is ₹27.37.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jain Irrigation Sys is ₹3,533 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Jain Irrigation Systems Ltd is a average quality company.

The key valuation ratios of Jain Irrigation Systems Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Jain Irrigation Systems Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Jain Irrigation Systems Ltd

Jain Irrigation Systems Limited, headquartered at Jalgaon, Maharashtra, India is a diversified agricultural conglomerate with a turnover in excess of $1.2 Billion. It has a global presence with various manufacturing bases spread over four continents. The company’s products are supplied to hundreds of countries with able assistance from thousands of dealers and distributors worldwide. With over 5 decades of efforts and presence in the marketplace, it has reached to over 10 million farmers in making them prosperous.

The company is the largest Micro-Irrigation company in the world. The Micro-Irrigation Division manufactures a full range of precision-irrigation products. It provides services from soil survey, engineering design to agronomic support. It nurtures a sprawling 2300 acre Hi-Tech Agri Institute; a Farm Resource R&D, Demo, Training & Extension Centre. It also undertakes turnkey projects for agricultural and irrigation development with holistic & integrated approach. Over 1500 Agri and Irrigation Scientists, Engineers and Technicians are engaged in offering services for complete project planning and implementation e.g. Watershed Development through Wasteland Transformation, including crop agronomy, protected cultivation etc.

The company is also the largest manufacturer of plastic pipes in India covering a wide range of pipes and fittings. The company extrudes pipe/sheet and inject the molds of PVC, PE, PP & CPVC along with other engineering polymers like Polycarbonate, Polyamide, PBT, ABS etc. It is a Total Solution Provider for various plastic piping systems that are used in conveyance of fluids, semisolids, gases and cables.

Business area of the company

It is an Indian multinational company with manufacturing plants across the globe. The company and its subsidiaries (collectively referred to as ‘Group’) are engaged in providing solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Equipment business, Financial Services and other agricultural inputs since many years.

It has pioneered a silent Productivity Revolution with modern irrigation systems and innovative technologies in order to save precious water and has helped to get significant increase in crop yields, especially for millions of small farmers. It has also ushered in new concept of large scale Integrated Irrigation Projects (IIP). ‘More Crop Per Drop’ is the company’s approach to water security and food security. It is early pioneer for Internet of Things (IOT) in the agri-sector and is leading efforts to create global solutions with precision agriculture.

Products

  • Drip Irrigation
  • Micro & Mini Sprinklers
  • Sprinkler Irrigation
  • Hose Reel & boom Irrigation
  • Filters, Dosing Pump & Injectors
    PVC & HDPE Piping Systems
  • Plumbing & Drainage Systems
  • Plastic Sheets
  • Planting Material
  • Environment Controlled Agriculture
  • Green Energy Products
  • Turnkey Projects

Segments

  • Micro Irrigation
  • Agri Inputs
  • Building & Construction
  • Infrastructure & Public Utilities
  • Industrial
  • End to End Solutions

History and Milestones

  • 1963: Started trading in agricultural inputs & equipments
  • 1980: Started PVC pipe extrusion plant
  • 1988: Micro-irrigation systems pioneered
  • 1989: R&D demonstration and training centre started
  • 1991: Started plastic sheet mfg. plant
  • 1994: Commenced: Tissue culture; PE pipes plant; Solar water heaters; and Vegetable dehydration
  • 1996: Set up green field fruit processing plant
  • 2004: Acquired mfg. facility in Hyderabad, Andhra Pradesh (MIS & pipes)
  • 2005: Acquired mfg. facility in Tamil Nadu (MIS & pipes)
  • 2006: Acquired fruit processing facility in Chittoor, AP; Dehydration facility in Baroda, Gujarat; Chapin Tape, USA Irrigation Company; Cascade, USA Dehydration Company; and NuCedar Mills Inc., Chicope, USA.
  • 2007: Acquired Aquarius, USA Irrigation Company
  • 2007: Acquired NaanDan, Israel Irrigation Company
  • 2008: Acquired THE Machine, Switzerland Equipment Mfg.
  • 2009: Set-up Green Field Project in Turkey - Irrigation Company
  • 2010: Set-up biogas based 1.7 MW captive power plant; Set-up photo-voltaic panel assembly line; and New mfg. facility in North India, under construction
  • 2010: Acquired Sleaford, UK - Agri processing distribution company
  • 2011: Acquired Protool, Switzerland Equipment Mfg.
  • 2011: Change in business model of MIS to “Cash & Carry” model
  • 2012: Acquired White Oak Frozen Foods, USA
  • 2013: Launched Jain Solar Pump
  • 2015: Launched Jain Plumbing Piping System
  • 2015: Acquired Driptech (MIS)
  • 2015: Acquired USA-based Puresense Environmental (irrigation control system)
  • 2016: Launch of retail business
  • 2017: Acquired USA and Australia based Observant (MIS)
  • 2017: Acquired 80% stake in USA’s 2 of the largest MIS dealers - Agri Valley and Irrigation Design and Construction
  • 2018: Commenced Jain Logic- software & analytical platform for Micro Irrigation System
  • 2018: Acquired InnovaFood N.V., Belgium (Food Processing); ET Water, Novato, USA; and Northern Ireland Plastics CS., Northern Ireland
  • 2019: Commenced Frussh and Fruzen, product of Jain Farm Fresh Food Ltd.
  • 2019: Acquired Briggs Irrigation, Corby, UK
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