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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

₹28.62 -0.33 (-1.14%)

As on 24-Sep'26 16:59

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

₹28.62 -0.33 (-1.14%)

As on 24-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,045 Cr.
Current Price
₹28.6
52-Week Low / High
₹26 / 55
TTM EPS
₹-0.8
TTM Sales
₹6,362 Cr.
Book Value per Share
₹81.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
0.35
Lower than its 5-year historical median
Price to Sales (P/S)
0.32
Lower than its 5-year historical median
EV/EBITDA
7.51
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-0.70%
Underperforms industry median
Return on Capital Employed (ROCE)
4.94%
Underperforms industry median
Return on Assets (ROA)
-0.34%
Operating Profit Margin
11.4%
Net Profit Margin
-0.62%
Gross Profit Margin
5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
5.72%
Net Profit Growth (1 Year)
-
-255.66%
Asset Quality
Promoter Holding
26.68%
Pledged shares (%) of Promoter's holding (%)
40.77%
Reserves
₹5,685 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

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Jain Irrigation Systems Ltd a good quality company?
Jain Irrigation Systems Ltd is a weak quality company, based on a inconsistent 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 2.46%, compared to the industry median CAGR of 0%, 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 -11.4% 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ8.4%9.7%10.4%-4.9%-0.4%6.5%5.4%5.1%4.5%4.9%-
Value Creation
Index ⓘ
-0.4-0.3-0.3-1.4-1.0-0.5-0.6-0.6-0.7-0.7-

Growth Parameters ⓘ

Sales ⓘ3,7104,2134,4432,0032,1562,8193,6133,8213,2593,5333,313
Sales YoY Gr.-13.6%5.5%-54.9%7.6%30.7%28.2%5.8%-14.7%8.4%-
Adj EPS ⓘ2.554.6-10.1-5.3-0.40.50.70.10.30
YoY Gr.-96.8%-6.9%-317.8%NANANA54.4%-83.1%150%-
BVPS (₹) ⓘ9088.491.681.875.973.272.969.771.470.371.9
Adj Net
Profit ⓘ
121256238-519-275-23.529498.622.43
Cash Flow from Ops. ⓘ7831,019-107-91792.3367393542434350-
Debt/CF from Ops. ⓘ2.11.2-15.3-3.436.17.774.65.66.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-0.5%10.4%-0.8%8.4%
Adj EPS ⓘ-21.1%NA-13.3%150%
BVPSⓘ-2.7%-1.5%-1.2%-1.5%
Share Price -11.5% -4.5% -22.6% -46.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
2.95.85.1-11.6-6.8-0.60.610.20.40.1
Op. Profit
Mgn % ⓘ
17.114.515.9-11.76.59.510.213.213.914.414.9
Net Profit
Mgn % ⓘ
3.36.15.4-25.9-12.8-0.80.81.30.30.60.1
Debt to
Equity ⓘ
0.40.30.40.70.90.60.60.50.50.5-
Working Cap
Days ⓘ
305260276650616445304383448424222
Cash Conv.
Cycle ⓘ
1218510737337526317122827025558

Valuation of Jain Irrigation Sys - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *47.0558.8958.8958.8948.7544.5940.7740.7740.7740.77
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales6,7707,8438,5775,9235,6674,7335,7486,1475,7796,400
Operating Expenses ⓘ + 5,8306,8917,6515,9545,3194,3085,1565,3645,0915,672
Manufacturing Costs680872930724607512576591528603
Material Costs3,5954,1954,5963,3163,1722,7813,4213,5073,3323,615
Employee Cost 738889968912805445531618685785
Other Costs ⓘ 8179361,1581,002735569629647546669
Operating Profit ⓘ 940952926-32348426591784688728
Operating Profit Margin (%) 13.9%12.1%10.8%-0.5%6.1%9.0%10.3%12.7%11.9%11.4%
Other Income ⓘ + 6116127173146306754295
Exceptional Items ⓘ 00000295-1500-55
Interest ⓘ 459479514692746355469419433458
Depreciation ⓘ 301339313347351241236243253282
Profit Before Tax ⓘ 243299374-996-599138-891284620
Tax ⓘ 6778120-295-231432372160
Profit After Tax 176221254-701-369134-1219126-40
PAT Margin (%) 2.6%2.8%3.0%-11.8%-6.5%2.8%-2.1%1.5%0.4%-0.6%
Adjusted EPS (₹)3.54.34.6-13.9-7.75.313.30.70.5-0.3
Dividend Payout Ratio (%)21.20%23.50%21.60%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4,1584,3514,4133,4712,9683,6025,1365,3925,5705,850
Share Capital ⓘ 95.89103.13103.13103.13103.13122.38124.79137.35138.22146.78
Reserves ⓘ 4,0624,2484,3103,3682,8653,4805,0115,2545,4325,703
Debt +3,4554,1474,8566,3726,0206,2123,5593,6013,4683,199
Long Term Debt2,2202,6492,9402,7642,4923,5641,3861,4651,282865
Short Term Debt1,2351,4981,9173,6083,5282,6482,1732,1362,1862,335
Minority Interest10913014114311311896137140148
Trade Payables1,5381,9911,7591,1259821,0979978539071,095
Others Liabilities ⓘ 1,7471,5331,5881,9062,3831,3731,1181,1311,1831,718
Total Liabilities ⓘ 11,00712,15212,75813,01812,46512,40210,90611,11311,26812,010

Fixed Assets

Net Fixed Assets ⓘ +4,7775,2605,5415,9665,5565,3544,1314,2284,3814,604
Gross Block6,8117,6418,3369,1908,9799,0816,9667,3067,6648,274
Accumulated Depreciation2,0332,3812,7953,2243,4233,7272,8353,0783,2833,670
CWIP ⓘ 6412213956212532264459
Investments ⓘ 8185838688731,1431,1901,2221,331
Inventories2,2582,4572,4842,1762,0052,2341,7831,8301,8511,882
Trade Receivables2,2822,5272,9952,8162,4902,3502,1872,2212,1222,274
Cash Equivalents 266419145254466391141108101153
Others Assets ⓘ 1,2781,2841,3711,6631,8391,9741,4891,5101,5471,707
Total Assets ⓘ 11,00712,15212,75813,01812,46512,40210,90611,11311,26812,010
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 6741,313156-67529947645535794619
PBT ⓘ 241296370-1,022-620422879794620
Adjustment ⓘ 8378477371,1401,002372-416685640797
Changes in Working Capital ⓘ -376221-894-721-37-288-379-229114-168
Tax Paid ⓘ -28-51-56-71-45-30-38-1-7-31
Cash Flow From Investing Activity ⓘ + -417-1,060-346-258303-1943,138-315-229-414
Capex -300-522-368-268-89-165-143-219-237-334
Net Investments -111-661999-37-36-1,030-100-0-11
Others ⓘ -6-472-178142964,31049-69
Cash Flow From Financing Activity ⓘ + -520-1671101,046-435-385-3,365-251-572-171
Net Proceeds from Shares ⓘ 150080502613614150
Net Proceeds from Borrowing ⓘ 845121260-178-67-315-2,421-14-258-37
Interest Paid ⓘ -455-485-500-469-259-454-463-362-355-371
Dividend Paid ⓘ -29-43-51-0-0-0-0-0-00
Others ⓘ -8972394011,685-109334-506-112887
Net Cash Flow ⓘ -26386-80113167-104-182-31-734
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)4.295.25.8-17.77-11.454.07-2.761.730.47-0.7
ROCE (%)8.589.149.6-3.021.454.933.935.925.14.94
Asset Turnover Ratio0.690.720.720.510.470.420.590.710.590.62
PAT to CFO Conversion(x)3.835.940.61N/AN/A3.55N/A5.8830.54N/A
Working Capital Days
Receivable Days109.10104.60112.20162.90163.30169.90119.70102.30120.80110.90
Inventory Days101.20102.50100.40130.70128.70148.8010683.90102.4094.10
Payable Days146.10153.50148.90158.70121.30136.40111.8087.7074.2078.40

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Jain Irrigation Systems Ltd FAQs

The current trading price of Jain Irrigation Sys on 24-Sep-2026 16:59 is ₹28.62.

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 23-Sep-2026 the market cap of Jain Irrigation Sys stood at ₹2,045.2 Cr

The latest P/E ratio of Jain Irrigation Sys as of 23-Sep-2026 is 670.6.

The latest P/B ratio of Jain Irrigation Sys as of 23-Sep-2026 is 0.40.

The 52-week high of Jain Irrigation Sys is ₹55.38 and the 52-week low is ₹26.13.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jain Irrigation Sys is ₹3,313 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jain Irrigation Systems Ltd is a below 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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