Jain Irrigation Systems Ltd - Stock Valuation and Financial Performance

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

Jain Irrigation Sys Share Price

48.95 -0.02 -0.04%
as on 28-Mar'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):
50.26
Market Cap:
3,267.3 Cr.
52-wk low:
29.6
52-wk high:
73.4

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.8%6.8%4.3%5.6%7.7%7.5%-3.3%0.5%2.1%3.9%-
Value Creation
Index
-0.5-0.5-0.7-0.6-0.4-0.5-1.2-1.0-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,1334,2363,4183,7104,2134,4432,0032,1562,8193,6133,922
Sales YoY Gr.-2.5%-19.3%8.6%13.6%5.5%-54.9%7.6%30.7%28.2%-
Adj EPS 2.91.90.52.554.6-10.1-5.3-0.40.51
YoY Gr.--35.2%-73.9%414.3%96.8%-6.9%-317.8%NANANA-
BVPS (₹) 50.85187.39088.491.681.875.973.272.971.2
Adj Net
Profit
13486.923.2121256238-519-275-23.52965
Cash Flow from Ops. 5215123347831,019-107-91792.3367393-
Debt/CF from Ops. 5.668.52.11.2-15.3-3.436.17.77-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.5%-3%21.7%28.2%
Adj EPS -18.5%-37.9%NANA
BVPS4.1%-3.8%-3.8%-0.4%
Share Price -2.7% -3.7% 37.6% 49.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.73.70.72.95.85.1-11.6-6.8-0.60.61.4
Op. Profit
Mgn %
15.614.91717.114.515.9-11.76.59.510.211.1
Net Profit
Mgn %
3.32.10.73.36.15.4-25.9-12.8-0.80.81.7
Debt to
Equity
1.31.30.70.40.30.40.70.90.60.6-
Working Cap
Days
291292341305260276650616445304186
Cash Conv.
Cycle
8892991218510737337526317157

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.30%

Sales growth is growing at healthy rate in last 3 years 21.73%

Debt to equity has declined versus last 3 years average to 0.60

Sales growth is good in last 4 quarters at 21.82%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Jain Irrigation Systems Ltd.

Standalone Consolidated
TTM EPS (₹) 1 15.4
TTM Sales (₹ Cr.) 3,922 6,166
BVPS (₹.) 71.2 80.6
Reserves (₹ Cr.) 4,622 5,248
P/BV 0.69 0.61
PE 50.26 3.17
From the Market
52 Week Low / High (₹) 29.56 / 73.40
All Time Low / High (₹) 1.51 / 251.97
Market Cap (₹ Cr.) 3,267
Equity (₹ Cr.) 133.5
Face Value (₹) 2
Industry PE 35.1

Management X-Ray of Jain Irrigation Sys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *49.9549.9555.3755.3758.5046.4758.5058.5057.5658.89
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4,1334,2363,4183,7104,2134,4432,0032,1562,8193,613
Operating Expenses 3,4893,6072,8413,1043,6023,7552,2372,0622,5523,246
Manufacturing Costs346401-325300463451327229297351
Material Costs2,5242,5152,4862,0732,3922,4961,1051,2971,6622,182
Employee Cost 230243257264288320298241243287
Other Costs 388449423467460488507294349425
Operating Profit 644629577606611687-23495267368
Operating Profit Margin (%) 15.6%14.9%16.9%16.3%14.5%15.5%-11.7%4.4%9.5%10.2%
Other Income 444166121146118554071195
Interest 391400348342276310418445257363
Depreciation 141178229181190173159165156151
Exceptional Items -186-57000000295-15
Profit Before Tax -303466203291323-755-47622035
Tax -34-1525391088-247-16827-5
Profit After Tax 44941164281235-508-30719339
PAT Margin (%) 0.1%1.2%1.2%4.4%6.7%5.3%-25.4%-14.3%6.9%1.1%
Adjusted EPS (₹)0.11.10.93.45.54.6-9.9-6.03.20.6
Dividend Payout Ratio (%)592%47%58%22%18%22%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,3502,3594,1594,3174,5594,7214,2163,9134,4784,547
Share Capital 92929596103103103103122125
Reserves 2,2572,2664,0644,2214,4564,6184,1133,8094,3564,422
Minority Interest0000000000
Debt2,7112,8792,5561,1271,0071,4702,8192,8862,6692,556
Long Term Debt1,2141,4001,2125264496244293011,1151,009
Short Term Debt1,4971,4781,3436015588462,3892,5851,5531,546
Trade Payables1,1001,1167858631,2141,047421312358538
Others Liabilities 6637049541,3609709811,0181,340800733
Total Liabilities 6,8247,0578,4547,6677,7508,2208,4748,4508,3058,373

Fixed Assets

Gross Block2,8422,9363,8933,9944,1714,3644,5714,6134,6244,707
Accumulated Depreciation8391,0288701,0501,2391,4071,5601,7161,8241,948
Net Fixed Assets2,0021,9083,0232,9442,9322,9573,0112,8972,8002,759
CWIP 213216206710143231730
Investments 7317321,4271,0971,1421,1581,1571,1561,4301,443
Inventories1,1731,155734892798757747661712770
Trade Receivables1,4851,7311,7991,5351,7232,3872,2332,1431,9002,076
Cash Equivalents 1222251321682653011727819368
Others Assets1,2901,2751,3231,0118238291,1671,2921,2551,226
Total Assets 6,8247,0578,4547,6677,7508,2208,4748,4508,3058,373

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5215123347831,019-107-91792367393
PBT -303593203291323-755-47622035
Adjustment 611614659357366412780652118452
Changes in Working Capital -70-121-407235390-829-903-7125-81
Tax Paid 10-16-12-12-27-13-37-124-13
Cash Flow From Investing Activity -192-128-16574-307-34-191-65-83-40
Capex -106-122-192-137-197-220-134-24-50-119
Net Investments -310-392-126-8619113-32-3866
Others -55-7567837-24-5-70-9513
Cash Flow From Financing Activity -377-281-411-1,448-701971,20295-400-411
Net Proceeds from Shares 4901131600005026
Net Proceeds from Borrowing -85156-144-345-336163-589-431-184
Interest Paid -390-392-433-347-278-308-272-106-234-246
Dividend Paid -27-27-28-29-43-520000
Others 76-1881-742-442951,532192215-7
Net Cash Flow -49103-94-9111-4394122-117-58
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0.172.11.263.876.335.05-11.37-7.564.60.87
ROCE (%)6.888.16.668.439.6810.44-4.92-0.426.545.41
Asset Turnover Ratio0.720.730.550.540.610.60.270.290.390.57
PAT to CFO Conversion(x)130.2510.458.154.773.63-0.46N/AN/A1.910.08
Working Capital Days
Receivable Days115116150140126156372329227153
Inventory Days8784806865591211067757
Payable Days157154134141155160226896257

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 28-Mar-2024 16:01 is ₹48.95.
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 28-Mar-2024 16:01 the market cap of Jain Irrigation Sys stood at ₹3,267.3.
The latest P/E ratio of Jain Irrigation Sys as of 28-Mar-2024 16:01 is 50.26.
The latest P/B ratio of Jain Irrigation Sys as of 28-Mar-2024 16:01 is 0.69.
The 52-week high of Jain Irrigation Sys is ₹73.40 and the 52-week low is ₹29.56.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jain Irrigation Sys is ₹3,922 ( 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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.