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CARE reaffirms the assigned ‘A1+’ rating to the CP Programme of Jain Irrigation Systems

04 Aug 2011 Evaluate

Credit rating agency, CARE has reaffirmed the assigned ‘A1+’ rating to the Commercial Paper (CP) Programme carved out of working capital limits of Jain Irrigation Systems (JISL) for Rs 300.00 crore. The company’s ability to manage its working capital cycle amidst expansion in its operations and to manage the volatility in its raw material prices remain the key rating sensitivities.

The long-term rating is, however, constrained by JISL’s dependence on the agriculture sector, the volatility in the prices of its crude oil-linked raw materials, its moderate gearing levels and the company’s aggressive debt-led growth plans in the medium term.

Jain Irrigation is a diversified company with a market capitalization of Rs 7,500 crore approx. Jain’s product portfolio includes Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. It also has a growing presence in the renewable energy segment and is the largest player in applications of solar energy in agriculture and rural areas.

Jain Irrigation Sys Share Price

33.05 -1.16 (-3.39%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
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