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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Jain Irrigation Systems Ltd

About the Company - Jain Irrigation Systems Ltd

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Basic Stock Data of Jain Irrigation Systems Ltd

Last Updated: June 17, 2024, 8:29 pm

Market Cap 5,176 Cr.
Current Price 76.4
High / Low79.5/38.2
Stock P/E56.9
Book Value 81.5
Dividend Yield0.00 %
ROCE5.81 %
ROE1.72 %
Face Value 2.00
PEG Ratio0.57

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

Last Updated: June 13, 2024, 8:47 am

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:3%
TTM:8%
Compounded Profit Growth
10 Years:-2%
5 Years:-17%
3 Years:30%
TTM:-89%
Stock Price CAGR
10 Years:-4%
5 Years:26%
3 Years:45%
1 Year:81%
Return on Equity
10 Years:1%
5 Years:-2%
3 Years:6%
Last Year:2%

Last Updated: June 17, 2024, 2:59 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days142113117126124118128174161121140132
Inventory Days223201197196229214197240231209190191
Days Payable17314714414015617314012411310210689
Cash Conversion Cycle192167170182197159186290279228224234
Working Capital Days172154148158146136154221221212226227
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters28.64%28.64%28.64%26.91%26.91%28.37%28.37%28.37%27.45%26.12%26.12%26.12%
FIIs5.39%5.20%6.66%5.16%5.88%5.46%4.71%3.76%4.15%4.89%5.32%5.46%
DIIs0.01%0.01%0.00%11.54%11.54%10.20%10.20%10.20%9.87%9.33%9.34%9.32%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.07%0.08%
Public65.58%65.76%64.31%56.08%55.35%55.67%56.41%57.38%58.23%59.33%58.87%58.73%
Others0.38%0.38%0.38%0.32%0.32%0.31%0.31%0.31%0.30%0.28%0.28%0.28%
No. of Shareholders2,09,4742,04,5222,04,3792,02,1772,04,2102,00,9382,01,7461,97,3491,91,9341,91,8321,90,8102,00,188

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)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund359,2920.442.01359,2922024-06-150%
Groww Nifty Total Market Index Fund8140.010359,2922024-06-15-99.77%

Jain Irrigation Systems Ltd ROCE Trend

Jain Irrigation Systems Ltd EPS Trend

Jain Irrigation Systems Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.6713.336.15-7.67-13.87
Diluted EPS (Rs.)0.6413.086.01-7.67-13.87
Cash EPS (Rs.)4.1617.5511.15-1.07-7.26
Book Value[Excl.RevalReserv]/Share (Rs.)81.2384.5761.6859.7470.09
Book Value[Incl.RevalReserv]/Share (Rs.)81.2384.5761.6859.7470.09
Revenue From Operations / Share (Rs.)89.5192.12116.35109.90114.86
PBDIT / Share (Rs.)11.4910.5512.159.590.80
PBIT / Share (Rs.)7.966.776.642.78-5.92
PBT / Share (Rs.)1.86-0.997.16-11.68-19.34
Net Profit / Share (Rs.)0.6213.775.64-7.87-13.99
NP After MI And SOA / Share (Rs.)0.6513.275.31-7.67-13.87
PBDIT Margin (%)12.8311.4410.448.720.70
PBIT Margin (%)8.887.345.712.53-5.15
PBT Margin (%)2.07-1.076.15-10.63-16.83
Net Profit Margin (%)0.6914.954.84-7.16-12.17
NP After MI And SOA Margin (%)0.7314.404.56-6.98-12.07
Return on Networth / Equity (%)0.8315.978.88-13.33-20.60
Return on Capital Employeed (%)7.566.215.332.43-4.43
Return On Assets (%)0.407.522.57-3.11-5.42
Long Term Debt / Equity (X)0.260.260.970.830.79
Total Debt / Equity (X)0.720.741.802.031.84
Asset Turnover Ratio (%)0.550.340.260.190.18
Current Ratio (X)1.361.271.290.931.02
Quick Ratio (X)0.860.810.810.620.66
Inventory Turnover Ratio (X)1.811.361.150.790.67
Interest Coverage Ratio (X)1.881.401.330.660.05
Interest Coverage Ratio (Post Tax) (X)1.220.830.560.50-0.01
Enterprise Value (Cr.)7344.535967.108790.776618.676431.02
EV / Net Operating Revenue (X)1.191.041.231.171.09
EV / EBITDA (X)9.319.0711.8213.38155.11
MarketCap / Net Operating Revenue (X)0.540.370.350.160.02
Price / BV (X)0.610.410.680.320.04
Price / Net Operating Revenue (X)0.540.370.350.160.02
EarningsYield0.010.380.13-0.41-4.20

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: 81.36

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: 6.49% compared to the current price 76.4

Intrinsic Value: 162.16

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: 112.25% compared to the current price ₹76.4

Last 5 Year EPS CAGR: 99.32%

*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 has a low average ROCE of 5.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 181.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 209.00, which may not be favorable.
  4. The company has higher borrowings (4,812.77) compared to reserves (3,414.54), 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 ₹81.36.

What is the Market Cap of Jain Irrigation Systems Ltd?

The Market Cap of Jain Irrigation Systems Ltd is 5,176 Cr..

What is the current Stock Price of Jain Irrigation Systems Ltd as on 19 June 2024?

The current stock price of Jain Irrigation Systems Ltd as on 19 June 2024 is ₹76.4.

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 79.5/38.2.

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

The Stock P/E of Jain Irrigation Systems Ltd is 56.9.

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.

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