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.

INDUSTRY	ADDRESS	CONTACT
Micro Irrigation Systems	Jain Plastic Park, N.H. No.6, Jalgaon District Maharashtra 425001	investor.corr@jains.com http://www.jains.com

Management
Name	Position Held
Mr. Anil B Jain	Vice Chairman & Mng.Director
Mr. Ajit B Jain	Joint Managing Director
Mr. Ashok B Jain	Whole Time Director
Mr. Bastiaan Mohrmann	Independent Director
Dr. Narendra Jadhav	Independent Director
Dr. H P Singh	Independent Director
Mr. Ghanshyam Dass	Independent Director
Ms. Radhika Dudhat	Independent Director
Mr. Devendra Raj Mehta	Independent Director
Ms. Nancy Barry	Independent Director
Mr. Mukul Sarkar	Nominee Director
Mr. Aroop Sircar	Nominee Director

Basic Stock Data of Jain Irrigation Systems Ltd

Last Updated: July 26, 2024, 10:29 pm

Market Cap	5,092 Cr.
Current Price	75.2
High / Low	84.2/43.1
Stock P/E	56.0
Book Value	81.5
Dividend Yield	0.00 %
ROCE	5.81 %
ROE	1.72 %
Face Value	2.00
PEG Ratio	0.56

Data Source: screener.in

Jain Irrigation Systems Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	1,331.76	1,793.80	1,777.52	1,644.59	1,613.75	1,372.74	1,416.16	1,081.98	1,504.03	1,745.41	1,701.04	1,361.92	1,357.77
Expenses	1,260.56	1,639.84	1,515.75	1,475.49	1,506.28	1,299.88	1,227.39	974.87	1,326.90	1,619.51	1,485.95	1,188.44	1,192.71
Operating Profit	71.20	153.96	261.77	169.10	107.47	72.86	188.77	107.11	177.13	125.90	215.09	173.48	165.06
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 Income	23.08	125.83	6.06	246.02	37.41	325.58	-19.62	-45.34	-41.43	1,075.95	3.91	1.88	12.87
Interest	190.82	191.81	184.75	183.20	187.72	-62.80	109.47	98.44	107.59	153.68	105.23	99.21	107.89
Depreciation	90.36	80.79	84.43	83.88	83.50	61.99	58.09	58.28	58.68	60.80	59.01	59.50	59.11
Profit before tax	-186.90	7.19	-1.35	148.04	-126.34	399.25	1.59	-94.95	-30.57	987.37	54.76	16.65	10.93
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	-122.84	49.09	13.44	108.16	-72.03	279.06	-5.79	-89.66	-49.51	976.89	36.64	8.25	8.59
EPS in Rs	-2.40	0.99	0.25	2.15	-1.45	4.69	-0.16	-1.50	-0.81	16.16	0.57	0.13	0.15

Last Updated: July 10, 2024, 6:32 pm

Jain Irrigation Systems Ltd Quarterly Chart

Jain Irrigation Systems Ltd Profit & Loss

Last Updated: July 10, 2024, 6:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	4,903	5,016	5,821	6,117	6,281	6,715	7,800	8,536	5,891	5,631	7,078	5,690	6,312
Expenses	4,087	4,289	5,051	5,338	5,460	5,770	6,846	7,610	5,942	5,283	6,372	5,126	5,621
Operating Profit	815	727	770	779	820	945	954	926	-51	348	706	564	692
OPM %	17%	14%	13%	13%	13%	14%	12%	11%	-1%	6%	10%	10%	11%
Other Income	34	-59	-184	-35	34	59	163	275	75	116	611	1,004	1,040
Interest	477	486	468	469	491	459	479	514	692	746	558	469	466
Depreciation	144	170	205	244	297	301	339	313	347	351	337	236	238
Profit before tax	229	13	-86	31	67	243	299	374	-1,014	-633	422	863	1,028
Tax %	0%	64%	54%	-78%	27%	27%	26%	32%	29%	36%	22%	4%
Net Profit	229	4	-40	55	49	176	221	254	-719	-403	329	832	972
EPS in Rs	5.52	0.07	-0.90	1.25	1.06	3.68	4.42	4.82	-14.41	-7.97	5.48	13.69	16.05
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:	3%
TTM:	8%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-17%
3 Years:	30%
TTM:	-89%

Stock Price CAGR
10 Years:	-3%
5 Years:	25%
3 Years:	31%
1 Year:	60%

Return on Equity
10 Years:	1%
5 Years:	-2%
3 Years:	6%
Last Year:	2%

Last Updated: July 24, 2024, 5:36 pm

Jain Irrigation Systems Ltd Balance Sheet

Last Updated: July 10, 2024, 6:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	81	91	92	92	95	96	103	103	103	103	122	125	137
Reserves	1,638	2,061	2,083	2,047	3,969	4,062	4,248	4,310	3,368	2,865	3,480	5,011	5,247
Borrowings	3,799	3,811	4,060	4,231	4,124	4,033	4,453	5,247	7,159	6,974	6,767	3,967	3,941
Other Liabilities	1,896	1,765	1,858	1,889	2,428	2,815	3,348	3,097	2,388	2,730	2,180	1,879	1,914
Total Liabilities	7,413	7,728	8,093	8,260	10,617	11,007	12,152	12,758	13,018	12,671	12,549	10,981	11,239
Fixed Assets	2,373	2,609	2,777	2,761	4,833	4,803	5,284	5,565	5,989	5,577	5,372	4,147	4,226
CWIP	198	75	81	53	60	64	122	139	56	21	25	32	29
Investments	24	4	1	62	106	81	85	83	86	88	73	1,143	1,179
Other Assets	4,818	5,041	5,234	5,384	5,618	6,058	6,661	6,971	6,887	6,985	7,078	5,659	5,805
Total Assets	7,413	7,728	8,093	8,260	10,617	11,007	12,152	12,758	13,018	12,671	12,549	10,981	11,239

Jain Irrigation Systems Ltd Reserves and Borrowings Chart

Jain Irrigation Systems Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	428	574	660	440	674	1,313	156	-675	299	476	45	535
Cash from Investing Activity	-342	-292	-228	-275	-417	-1,060	-346	-258	303	-194	3,138	-315
Cash from Financing Activity	-183	-320	-325	-89	-520	-167	110	1,046	-435	-385	-3,365	-251
Net Cash Flow	-97	-38	107	76	-263	86	-80	113	167	-104	-182	-31

Jain Irrigation Systems Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	142	113	117	126	124	118	128	174	161	121	140	132
Inventory Days	223	201	197	196	229	214	197	240	231	209	190	191
Days Payable	173	147	144	140	156	173	140	124	113	102	106	89
Cash Conversion Cycle	192	167	170	182	197	159	186	290	279	228	224	234
Working Capital Days	172	154	148	158	146	136	154	221	221	212	226	227
ROCE %	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

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	28.64%	28.64%	26.91%	26.91%	28.37%	28.37%	28.37%	27.45%	26.12%	26.12%	26.12%	26.12%
FIIs	5.20%	6.66%	5.16%	5.88%	5.46%	4.71%	3.76%	4.15%	4.89%	5.32%	5.46%	5.18%
DIIs	0.01%	0.00%	11.54%	11.54%	10.20%	10.20%	10.20%	9.87%	9.33%	9.34%	9.32%	9.33%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.07%	0.08%	0.06%
Public	65.76%	64.31%	56.08%	55.35%	55.67%	56.41%	57.38%	58.23%	59.33%	58.87%	58.73%	59.02%
Others	0.38%	0.38%	0.32%	0.32%	0.31%	0.31%	0.31%	0.30%	0.28%	0.28%	0.28%	0.28%
No. of Shareholders	2,04,522	2,04,379	2,02,177	2,04,210	2,00,938	2,01,746	1,97,349	1,91,934	1,91,832	1,90,810	2,00,188	1,90,376

Jain Irrigation Systems Ltd Shareholding Pattern Chart

No. of Jain Irrigation Systems Ltd Shareholders

Jain Irrigation Systems Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	359,292	0.44	2.01	359,292	2024-07-24	0%
Groww Nifty Total Market Index Fund	814	0.01	0	359,292	2024-07-24	-99.77%

Jain Irrigation Systems Ltd ROCE Trend

Jain Irrigation Systems Ltd EPS Trend

Jain Irrigation Systems Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	0.67	13.33	6.15	-7.67	-13.87
Diluted EPS (Rs.)	0.64	13.08	6.01	-7.67	-13.87
Cash EPS (Rs.)	4.16	17.55	11.15	-1.07	-7.26
Book Value[Excl.RevalReserv]/Share (Rs.)	81.23	84.57	61.68	59.74	70.09
Book Value[Incl.RevalReserv]/Share (Rs.)	81.23	84.57	61.68	59.74	70.09
Revenue From Operations / Share (Rs.)	89.51	92.12	116.35	109.90	114.86
PBDIT / Share (Rs.)	11.49	10.55	12.15	9.59	0.80
PBIT / Share (Rs.)	7.96	6.77	6.64	2.78	-5.92
PBT / Share (Rs.)	1.86	-0.99	7.16	-11.68	-19.34
Net Profit / Share (Rs.)	0.62	13.77	5.64	-7.87	-13.99
NP After MI And SOA / Share (Rs.)	0.65	13.27	5.31	-7.67	-13.87
PBDIT Margin (%)	12.83	11.44	10.44	8.72	0.70
PBIT Margin (%)	8.88	7.34	5.71	2.53	-5.15
PBT Margin (%)	2.07	-1.07	6.15	-10.63	-16.83
Net Profit Margin (%)	0.69	14.95	4.84	-7.16	-12.17
NP After MI And SOA Margin (%)	0.73	14.40	4.56	-6.98	-12.07
Return on Networth / Equity (%)	0.83	15.97	8.88	-13.33	-20.60
Return on Capital Employeed (%)	7.56	6.21	5.33	2.43	-4.43
Return On Assets (%)	0.40	7.52	2.57	-3.11	-5.42
Long Term Debt / Equity (X)	0.26	0.26	0.97	0.83	0.79
Total Debt / Equity (X)	0.72	0.74	1.80	2.03	1.84
Asset Turnover Ratio (%)	0.55	0.34	0.26	0.19	0.18
Current Ratio (X)	1.36	1.27	1.29	0.93	1.02
Quick Ratio (X)	0.86	0.81	0.81	0.62	0.66
Inventory Turnover Ratio (X)	1.81	1.36	1.15	0.79	0.67
Interest Coverage Ratio (X)	1.88	1.40	1.33	0.66	0.05
Interest Coverage Ratio (Post Tax) (X)	1.22	0.83	0.56	0.50	-0.01
Enterprise Value (Cr.)	7344.53	5967.10	8790.77	6618.67	6431.02
EV / Net Operating Revenue (X)	1.19	1.04	1.23	1.17	1.09
EV / EBITDA (X)	9.31	9.07	11.82	13.38	155.11
MarketCap / Net Operating Revenue (X)	0.54	0.37	0.35	0.16	0.02
Price / BV (X)	0.61	0.41	0.68	0.32	0.04
Price / Net Operating Revenue (X)	0.54	0.37	0.35	0.16	0.02
EarningsYield	0.01	0.38	0.13	-0.41	-4.20

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

Fair Value: 80.07

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 6.48% compared to the current price 75.2

Intrinsic Value: 159.60

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 112.23% compared to the current price 75.2

Last 5 Year EPS CAGR: 99.32%

*Investments are subject to market risks

Strength and Weakness of Jain Irrigation Systems Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (5.77 cr) and profit (140.15 cr) over the years.	The stock has a low average ROCE of 5.75%, which may not be favorable. The stock has a high average Working Capital Days of 181.25, which may not be favorable. The stock has a high average Cash Conversion Cycle of 209.00, which may not be favorable. The company has higher borrowings (4,905.50) compared to reserves (3,567.33), which may suggest financial risk.

FAQ

What is the latest fair value of Jain Irrigation Systems Ltd?

The latest fair value of Jain Irrigation Systems Ltd is ₹80.07.

What is the Market Cap of Jain Irrigation Systems Ltd?

The Market Cap of Jain Irrigation Systems Ltd is 5,092 Cr..

What is the current Stock Price of Jain Irrigation Systems Ltd as on 27 July 2024?

The current stock price of Jain Irrigation Systems Ltd as on 27 July 2024 is 75.2.

What is the High / Low of Jain Irrigation Systems Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jain Irrigation Systems Ltd stocks is 84.2/43.1.

What is the Stock P/E of Jain Irrigation Systems Ltd?

The Stock P/E of Jain Irrigation Systems Ltd is 56.0.

What is the Book Value of Jain Irrigation Systems Ltd?

The Book Value of Jain Irrigation Systems Ltd is 81.5.

What is the Dividend Yield of Jain Irrigation Systems Ltd?

The Dividend Yield of Jain Irrigation Systems Ltd is 0.00 %.

What is the ROCE of Jain Irrigation Systems Ltd?

The ROCE of Jain Irrigation Systems Ltd is 5.81 %.

What is the ROE of Jain Irrigation Systems Ltd?

The ROE of Jain Irrigation Systems Ltd is 1.72 %.

What is the Face Value of Jain Irrigation Systems Ltd?

The Face Value of Jain Irrigation Systems Ltd is 2.00.

Fundamental Analysis of Jain Irrigation Systems Ltd

About the Company - Jain Irrigation Systems Ltd

Basic Stock Data of Jain Irrigation Systems Ltd

Jain Irrigation Systems Ltd Quarterly Results

Jain Irrigation Systems Ltd Quarterly Chart

Jain Irrigation Systems Ltd Profit & Loss

Jain Irrigation Systems Ltd Profit & Loss Yearly Chart

Jain Irrigation Systems Ltd Growth

Jain Irrigation Systems Ltd Balance Sheet

Jain Irrigation Systems Ltd Reserves and Borrowings Chart

Jain Irrigation Systems Ltd Cash Flow

Jain Irrigation Systems Ltd Financial Efficiency Indicators

Jain Irrigation Systems Ltd Financial Efficiency Indicators Chart

Jain Irrigation Systems Ltd Share Holding Pattern

Jain Irrigation Systems Ltd Shareholding Pattern Chart

No. of Jain Irrigation Systems Ltd Shareholders

Jain Irrigation Systems Ltd Mutual Fund Holdings

Jain Irrigation Systems Ltd ROCE Trend

Jain Irrigation Systems Ltd EPS Trend

Jain Irrigation Systems Ltd Key Financial Ratios

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

Strength and Weakness of Jain Irrigation Systems Ltd Stock

FAQ

What is the latest fair value of Jain Irrigation Systems Ltd?

What is the Market Cap of Jain Irrigation Systems Ltd?

What is the current Stock Price of Jain Irrigation Systems Ltd as on 27 July 2024?

What is the High / Low of Jain Irrigation Systems Ltd stocks in FY 2024?

What is the Stock P/E of Jain Irrigation Systems Ltd?

What is the Book Value of Jain Irrigation Systems Ltd?

What is the Dividend Yield of Jain Irrigation Systems Ltd?

What is the ROCE of Jain Irrigation Systems Ltd?

What is the ROE of Jain Irrigation Systems Ltd?

What is the Face Value of Jain Irrigation Systems Ltd?

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