Jain Irrigation Systems Ltd - Stock Valuation and Financial Performance

BSE: 500219 | NSE: JISLJALEQS | Plastic Products | Small Cap

Jain Irrigation Sys Share Price

63.35 -0.64 -1.00%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Jain Irrigation Sys

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Jain Irrigation Systems stock performance -

mw4me loader
P/E Ratio (SA):
118.50
Market Cap:
4,239.8 Cr.
52-wk low:
43.8
52-wk high:
84.1

Is Jain Irrigation Systems Ltd an attractive stock to invest in?

1. Is Jain Irrigation Systems Ltd a good quality company?

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

2. Is Jain Irrigation Systems Ltd undervalued or overvalued?

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

3. Is Jain Irrigation Systems Ltd a good buy now?

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

10 Year X-Ray of Jain Irrigation Sys:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.1%6.7%8.4%9.7%10.4%-4.9%-0.4%6.5%5.4%5.1%-
Value Creation
Index
-0.4-0.5-0.4-0.3-0.3-1.4-1.0-0.5-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,2363,4183,7104,2134,4432,0032,1562,8193,6133,8213,532
Sales YoY Gr.--19.3%8.6%13.6%5.5%-54.9%7.6%30.7%28.2%5.8%-
Adj EPS 1.90.52.554.6-10.1-5.3-0.40.50.70.5
YoY Gr.--73.9%414.3%96.8%-6.9%-317.8%NANANA54.4%-
BVPS (₹) 5187.39088.491.681.875.973.272.969.771.7
Adj Net
Profit
86.923.2121256238-519-275-23.5294936
Cash Flow from Ops. 5123347831,019-107-91792.3367393542-
Debt/CF from Ops. 68.52.11.2-15.3-3.436.17.774.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.1%-3%21%5.8%
Adj EPS -10.3%-31.2%NA54.4%
BVPS3.5%-5.3%-2.8%-4.4%
Share Price -2.3% 28.3% 16.7% -2.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
3.70.72.95.85.1-11.6-6.8-0.60.610.8
Op. Profit
Mgn %
14.91717.114.515.9-11.76.59.510.213.212.9
Net Profit
Mgn %
2.10.73.36.15.4-25.9-12.8-0.80.81.31
Debt to
Equity
1.30.70.40.30.40.70.90.60.60.5-
Working Cap
Days
292341305260276650616445304383191
Cash Conv.
Cycle
92991218510737337526317122860

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.80%

Sales growth is growing at healthy rate in last 3 years 21.01%

Debt to equity has declined versus last 3 years average to 0.52

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -4.62%

Latest Financials - Jain Irrigation Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.4
TTM Sales (₹ Cr.) 3,532 5,924
BVPS (₹.) 71.7 80.9
Reserves (₹ Cr.) 4,653 5,267
P/BV 0.89 0.78
PE 118.50 181.19
From the Market
52 Week Low / High (₹) 43.75 / 84.10
All Time Low / High (₹) 1.51 / 251.97
Market Cap (₹ Cr.) 4,240
Equity (₹ Cr.) 133.5
Face Value (₹) 2
Industry PE 40.6

Management X-Ray of Jain Irrigation Sys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *55.3755.3758.5046.4758.5058.5057.5658.8947.0558.89
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Jain Irrigation Sys

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,2363,4183,7104,2134,4432,0032,1562,8193,6133,821
Operating Expenses 3,6072,8413,1043,6023,7552,2372,0622,5523,2463,318
Manufacturing Costs401-325300463451327229297351402
Material Costs2,5152,4862,0732,3922,4961,1051,2971,6622,1822,195
Employee Cost 243257264288320298241243287322
Other Costs 449423467460488507294349425399
Operating Profit 629577606611687-23495267368503
Operating Profit Margin (%) 14.9%16.9%16.3%14.5%15.5%-11.7%4.4%9.5%10.2%13.2%
Other Income 416612114611855407119518
Interest 400348342276310418445257363292
Depreciation 178229181190173159165156151149
Exceptional Items -57000000295-150
Profit Before Tax 3466203291323-755-4762203579
Tax -1525391088-247-16827-524
Profit After Tax 4941164281235-508-3071933956
PAT Margin (%) 1.2%1.2%4.4%6.7%5.3%-25.4%-14.3%6.9%1.1%1.5%
Adjusted EPS (₹)1.10.93.45.54.6-9.9-6.03.20.60.8
Dividend Payout Ratio (%)47%58%22%18%22%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,3594,1594,3174,5594,7214,2163,9134,4784,5474,784
Share Capital 929596103103103103122125137
Reserves 2,2664,0644,2214,4564,6184,1133,8094,3564,4224,646
Minority Interest0000000000
Debt2,8792,5561,1271,0071,4702,8192,8862,6692,5562,273
Long Term Debt1,4001,2125264496244293011,1151,009796
Short Term Debt1,4781,3436015588462,3892,5851,5531,5461,478
Trade Payables1,1167858631,2141,047421312358538473
Others Liabilities 7049541,3609709811,0181,340800733734
Total Liabilities 7,0578,4547,6677,7508,2208,4748,4508,3058,3738,264

Fixed Assets

Gross Block2,9363,8933,9944,1714,3644,5714,6134,6244,7074,837
Accumulated Depreciation1,0288701,0501,2391,4071,5601,7161,8241,9482,076
Net Fixed Assets1,9083,0232,9442,9322,9573,0112,8972,8002,7592,761
CWIP 321620671014323173022
Investments 7321,4271,0971,1421,1581,1571,1561,4301,4431,448
Inventories1,155734892798757747661712770754
Trade Receivables1,7311,7991,5351,7232,3872,2332,1431,9002,0761,988
Cash Equivalents 225132168265301172781936852
Others Assets1,2751,3231,0118238291,1671,2921,2551,2261,238
Total Assets 7,0578,4547,6677,7508,2208,4748,4508,3058,3738,264

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5123347831,019-107-91792367393542
PBT 3593203291323-755-4762203579
Adjustment 614659357366412780652118452446
Changes in Working Capital -121-407235390-829-903-7125-8111
Tax Paid -16-12-12-27-13-37-124-136
Cash Flow From Investing Activity -128-16574-307-34-191-65-83-40-133
Capex -122-192-137-197-220-134-24-50-119-139
Net Investments 0-392-126-8619113-32-38664
Others -7567837-24-5-70-95133
Cash Flow From Financing Activity -281-411-1,448-701971,20295-400-411-422
Net Proceeds from Shares 01131600005026136
Net Proceeds from Borrowing 156-144-345-336163-589-431-184-307
Interest Paid -392-433-347-278-308-272-106-234-246-232
Dividend Paid -27-28-29-43-5200000
Others -1881-742-442951,532192215-7-19
Net Cash Flow 103-94-9111-4394122-117-58-12
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.11.263.876.335.05-11.37-7.564.60.871.19
ROCE (%)8.16.668.439.6810.44-4.92-0.426.545.415.08
Asset Turnover Ratio0.730.550.540.610.60.270.290.390.570.46
PAT to CFO Conversion(x)10.458.154.773.63-0.46N/AN/A1.910.089.68
Working Capital Days
Receivable Days116150140126156372329227153194
Inventory Days8480686559121106775773
Payable Days15413414115516022689625759

Jain Irrigation Systems Ltd Stock News

Jain Irrigation Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Jain Irrigation Sys on 04-Oct-2024 16:01 is ₹63.35.
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 04-Oct-2024 16:01 the market cap of Jain Irrigation Sys stood at ₹4,239.8.
The latest P/E ratio of Jain Irrigation Sys as of 04-Oct-2024 16:01 is 118.5.
The latest P/B ratio of Jain Irrigation Sys as of 04-Oct-2024 16:01 is 0.89.
The 52-week high of Jain Irrigation Sys is ₹84.10 and the 52-week low is ₹43.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jain Irrigation Sys is ₹3,532 ( Cr.) .

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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