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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jain Irrigation Systems Ltd

About the Company - Jain Irrigation Systems Ltd

Jain Irrigation Systems Ltd. is a Public Limited Listed company incorporated on 30/12/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29120MH1986PLC042028 and registration number is 042028. Currently Company is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs. 2819.15 Cr. and Equity Capital is Rs. 122.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Micro Irrigation SystemsJain Plastic Park, N.H. No.6, Jalgaon District Maharashtra 425001investor.corr@jains.com
http://www.jains.com
Management
NamePosition Held
Mr. Anil B JainVice Chairman & Mng.Director
Mr. Ajit B JainJoint Managing Director
Mr. Ashok B JainWhole Time Director
Mr. Bastiaan MohrmannIndependent Director
Dr. Narendra JadhavIndependent Director
Dr. H P SinghIndependent Director
Mr. Ghanshyam DassIndependent Director
Ms. Radhika DudhatIndependent Director
Mr. Devendra Raj MehtaIndependent Director
Ms. Nancy BarryIndependent Director
Mr. Mukul SarkarNominee Director
Mr. Aroop SircarNominee Director

Jain Irrigation Systems Ltd. Share Price Update

Share PriceValue
Today₹56.70
Previous Day₹59.25

Basic Stock Data of Jain Irrigation Systems Ltd

Market Cap 4,104 Cr.
Current Price 60.5
High / Low73.4/26.5
Stock P/E
Book Value 80.7
Dividend Yield0.00 %
ROCE4.02 %
ROE19.3 %
Face Value 2.00

Data Source: screener.in

Jain Irrigation Systems Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,331.761,793.801,777.521,644.591,613.751,372.741,416.161,081.981,504.031,745.411,701.041,361.921,357.77
Expenses1,260.561,639.841,515.751,475.491,506.281,299.881,227.39974.871,326.901,619.511,485.951,188.441,192.71
Operating Profit71.20153.96261.77169.10107.4772.86188.77107.11177.13125.90215.09173.48165.06
OPM %5.35%8.58%14.73%10.28%6.66%5.31%13.33%9.90%11.78%7.21%12.64%12.74%12.16%
Other Income23.08125.836.06246.0237.41325.58-19.62-45.34-41.431,075.953.911.8812.87
Interest190.82191.81184.75183.20187.72-62.80109.4798.44107.59153.68105.2399.21107.89
Depreciation90.3680.7984.4383.8883.5061.9958.0958.2858.6860.8059.0159.5059.11
Profit before tax-186.907.19-1.35148.04-126.34399.251.59-94.95-30.57987.3754.7616.6510.93
Tax %34.28%-582.75%1,095.56%26.94%42.99%30.10%464.15%5.57%-61.96%1.06%33.09%50.45%21.41%
Net Profit-122.8449.0913.44108.16-72.03279.06-5.79-89.66-49.51976.8936.648.258.59
EPS in Rs-2.400.990.252.15-1.454.69-0.16-1.50-0.8116.160.570.130.15

Jain Irrigation Systems Ltd Quarterly Chart

Jain Irrigation Systems Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,9035,0165,8216,1176,2816,7157,8008,5365,8915,6317,0785,6906,312
Expenses4,0874,2895,0515,3385,4605,7706,8467,6105,9425,2836,3725,1265,621
Operating Profit815727770779820945954926-51348706564692
OPM %17%14%13%13%13%14%12%11%-1%6%10%10%11%
Other Income34-59-184-353459163275751166111,0041,040
Interest477486468469491459479514692746558469466
Depreciation144170205244297301339313347351337236238
Profit before tax22913-863167243299374-1,014-6334228631,028
Tax %0%64%54%-78%27%27%26%32%29%36%22%4%
Net Profit2294-405549176221254-719-403329832972
EPS in Rs5.520.07-0.901.251.063.684.424.82-14.41-7.975.4813.6916.05
Dividend Payout %18%738%-58%42%49%21%24%22%0%0%0%0%

Jain Irrigation Systems Ltd Profit & Loss Yearly Chart

Jain Irrigation Systems Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:-6%
3 Years:-1%
TTM:15%
Compounded Profit Growth
10 Years:36%
5 Years:31%
3 Years:47%
TTM:-16%
Stock Price CAGR
10 Years:1%
5 Years:4%
3 Years:47%
1 Year:132%
Return on Equity
10 Years:1%
5 Years:-2%
3 Years:1%
Last Year:19%

Jain Irrigation Systems Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital819192929596103103103103122125137
Reserves1,6382,0612,0832,0473,9694,0624,2484,3103,3682,8653,4805,0115,247
Borrowings3,7993,8114,0604,2314,1244,0334,4535,2477,1596,9746,7673,9673,941
Other Liabilities1,8961,7651,8581,8892,4282,8153,3483,0972,3882,7302,1801,8791,914
Total Liabilities7,4137,7288,0938,26010,61711,00712,15212,75813,01812,67112,54910,98111,239
Fixed Assets2,3732,6092,7772,7614,8334,8035,2845,5655,9895,5775,3724,1474,226
CWIP19875815360641221395621253229
Investments2441621068185838688731,1431,179
Other Assets4,8185,0415,2345,3845,6186,0586,6616,9716,8876,9857,0785,6595,805
Total Assets7,4137,7288,0938,26010,61711,00712,15212,75813,01812,67112,54910,98111,239

Jain Irrigation Systems Ltd Reserves and Borrowings Chart

Jain Irrigation Systems Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 854285746604406741,313156-67529947645
Cash from Investing Activity -532-342-292-228-275-417-1,060-346-258303-1943,138
Cash from Financing Activity 366-183-320-325-89-520-1671101,046-435-385-3,365
Net Cash Flow-82-97-3810776-26386-80113167-104-182

Jain Irrigation Systems Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days169142113117126124118128174161121140
Inventory Days198223201197196229214197240231209190
Days Payable183173147144140156173140124113102106
Cash Conversion Cycle184192167170182197159186290279228224
Working Capital Days163172154148158146136154221221212226
ROCE %14%11%10%9%8%8%9%9%-3%0%4%4%

Jain Irrigation Systems Ltd Financial Efficiency Indicators Chart

Jain Irrigation Systems Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters28.64%28.64%28.64%28.64%28.64%26.91%26.91%28.37%28.37%28.37%27.45%26.12%
FIIs8.53%5.76%5.39%5.20%6.66%5.16%5.88%5.46%4.71%3.76%4.15%4.89%
DIIs0.00%0.01%0.01%0.01%0.00%11.54%11.54%10.20%10.20%10.20%9.87%9.33%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%
Public62.44%65.21%65.58%65.76%64.31%56.08%55.35%55.67%56.41%57.38%58.23%59.33%
Others0.38%0.38%0.38%0.38%0.38%0.32%0.32%0.31%0.31%0.31%0.30%0.28%
No. of Shareholders2,10,5742,06,9762,09,4742,04,5222,04,3792,02,1772,04,2102,00,9382,01,7461,97,3491,91,9341,91,832

Jain Irrigation Systems Ltd Shareholding Pattern Chart

No. of Jain Irrigation Systems Ltd Shareholders

Jain Irrigation Systems Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund3592920.442.01
Groww Nifty Total Market Index Fund8140.010

Jain Irrigation Systems Ltd ROCE Trend

Jain Irrigation Systems Ltd EPS Trend

Jain Irrigation Systems Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)13.336.15-7.67-13.874.64
Diluted EPS (Rs.)13.086.01-7.67-13.874.64
Cash EPS (Rs.)17.5511.15-1.07-7.2610.92
Book Value[Excl.RevalReserv]/Share (Rs.)84.5761.6859.7470.0988.32
Book Value[Incl.RevalReserv]/Share (Rs.)84.5761.6859.7470.0988.32
Revenue From Operations / Share (Rs.)92.12116.35109.90114.86166.33
PBDIT / Share (Rs.)10.5512.159.590.8023.21
PBIT / Share (Rs.)6.776.642.78-5.9217.15
PBT / Share (Rs.)-0.997.16-11.68-19.347.18
Net Profit / Share (Rs.)13.775.64-7.87-13.994.86
NP After MI And SOA / Share (Rs.)13.275.31-7.67-13.874.64
PBDIT Margin (%)11.4410.448.720.7013.95
PBIT Margin (%)7.345.712.53-5.1510.30
PBT Margin (%)-1.076.15-10.63-16.834.31
Net Profit Margin (%)14.954.84-7.16-12.172.92
NP After MI And SOA Margin (%)14.404.56-6.98-12.072.78
Return on Networth / Equity (%)15.978.88-13.33-20.605.41
Return on Capital Employeed (%)6.215.332.43-4.4310.94
Return On Assets (%)7.522.57-3.11-5.421.85
Long Term Debt / Equity (X)0.260.970.830.790.66
Total Debt / Equity (X)0.741.802.031.841.10
Asset Turnover Ratio (%)0.340.260.190.180.43
Current Ratio (X)1.271.290.931.021.38
Quick Ratio (X)0.810.810.620.660.84
Inventory Turnover Ratio (X)1.361.150.790.671.48
Dividend Payout Ratio (NP) (%)0.000.000.000.0026.00
Dividend Payout Ratio (CP) (%)0.000.000.000.0011.26
Earning Retention Ratio (%)0.000.000.000.0074.00
Cash Earning Retention Ratio (%)0.000.000.000.0088.74
Interest Coverage Ratio (X)1.401.330.660.052.33
Interest Coverage Ratio (Post Tax) (X)0.830.560.50-0.011.49
Enterprise Value (Cr.)5967.108790.776618.676431.027892.01
EV / Net Operating Revenue (X)1.041.231.171.090.92
EV / EBITDA (X)9.0711.8213.38155.116.59
MarketCap / Net Operating Revenue (X)0.370.350.160.020.35
Retention Ratios (%)0.000.000.000.0073.99
Price / BV (X)0.410.680.320.040.68
Price / Net Operating Revenue (X)0.370.350.160.020.35
EarningsYield0.380.13-0.41-4.200.07

Jain Irrigation Systems Ltd Profitability Ratios (%)

Jain Irrigation Systems Ltd Liquidity Ratios

Jain Irrigation Systems Ltd Liquidity Ratios (%)

Jain Irrigation Systems Ltd Interest Coverage Ratios (%)

Jain Irrigation Systems Ltd Valuation Ratios

Fair Value of Jain Irrigation Systems Ltd Stock

Fair Value: ₹238.30

The stock is undervalued by 293.88% compared to the current price ₹60.5

*Investments are subject to market risks

Strength and Weakness of Jain Irrigation Systems Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (5.77 cr) and profit (140.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.48 and average Dividend Yield of 4.15%.
  2. The stock has a low average ROCE of 6.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 175.92, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 204.83, which may not be favorable.
  5. The company has higher borrowings (4,812.77) compared to reserves (3,414.54), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jain Irrigation Systems Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE