Jain Irrigation Systems Ltd Stock Analysis

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

BSE Share Price 06-Dec-2022 18:01
33.30 -0.35 (-1.04%)

DeciZen - Make an Informed Decision on Jain Irrigation Sys

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Jain Irrigation Sys Price Chart

P/E Ratio (SA) :
8.77
Market Cap :
2,013.5 Cr.
52-wk low :
30.3
52-wk high :
50.4
Bole Toh?

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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.7%7.6%6.8%5.6%5.3%8%7.5%-3.3%0.5%2.6%-
Value Creation Index -0.5-0.5-0.5-0.6-0.6-0.4-0.5-1.2-1.0-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,5114,1334,2364,2743,7104,2134,4432,0032,1562,8192,948
YoY Gr. Rt. %-17.7%2.5%0.9%-13.2%13.6%5.5%-54.9%7.6%30.7%-
Adj EPS 2.12.71.91.12.15.34.6-10.1-5.30.13.8
YoY Gr. Rt. %-27.8%-29.6%-43.6%100%151.4%-13.3%-317.8%NANA-
BVPS (₹) 50.950.85187.39088.491.681.875.973.275
Adj Net Profit 95.212486.950.5102275238-519-2755.8230
Cash Flow from Ops. 3735215123347831,019-107-91792.3367-
Debt/CF from Ops. 7.75.668.52.11.2-15.3-3.436.17.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.4%-5.4%-14.1%30.7%
Adj EPS -29.5%-46.8%-73.1%NA
BVPS 4.1-4.1-7.2-3.5
Share Price -7.6% -22.2% 53.9% -24.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.55.33.71.62.46.25.1-11.6-6.80.15.1
Op. Profit Mgn % 17.715.614.91616.314.515.9-11.76.5119
Net Profit Mgn % 2.732.11.22.76.55.4-25.9-12.80.27.8
Debt to Equity 1.21.31.30.70.40.30.40.70.90.60.2
Working Cap Days 334291292284305260276655615446560
Cash Conv. Cycle 10783888812185107376374264192

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.10%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is good in last 4 quarters at 12.99%

Sales growth has been subdued in last 3 years -14.07%

Net Profit has been subdued in last 3 years -73.09%

Latest Financials - Jain Irrigation Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 3.8 1.8
TTM Sales (₹ Cr.) 2,948 7,348
BVPS (₹.) 75 56.5
Reserves (₹ Cr.) 4,411 3,295
P/BV 0.44 0.59
PE 8.77 19.06
From the Market
52 Week Low / High (₹) 30.30 / 50.40
All Time Low / High (₹) 1.51 / 251.97
Market Cap (₹ Cr.) 2,013
Equity (₹ Cr.) 120.9
Face Value (₹) 2
Industry PE 20.6

Management X-Ray of Jain Irrigation Sys :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *49.9549.9549.9549.9549.9549.9549.9555.3755.3758.50
* 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 (%)

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 06-Dec-2022 18:01 is : 33.30.
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 06-Dec-2022 18:01 the market cap of Jain Irrigation Sys stood at ₹ 2,013.5.
The latest PE ratio of Jain Irrigation Sys as of 06-Dec-2022 18:01 is 8.77.
The latest PB ratio of Jain Irrigation Sys as of 06-Dec-2022 18:01 is 0.44
The 52-week high of Jain Irrigation Sys is ₹ 50.40 and the 52-week low is ₹ 30.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Jain Irrigation Sys is ₹ 2,948 ( 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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