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Last Updated: April 2, 2026, 3:08 am
Author: Getaka|Social: XLinkedIn

Jain Irrigation Systems Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹17.36Overvalued by 40.95%vs CMP ₹29.40

P/E (42.7) × ROE (0.6%) × BV (₹81.70) × DY (2.00%)

₹30.04Fairly Valued by 2.18%vs CMP ₹29.40
MoS: +2.1% (Thin)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹9.2930%Over (-68.4%)
Graham NumberEarnings₹21.0022%Over (-28.6%)
Net Asset ValueAssets₹80.1710%Under (+172.7%)
EV/EBITDAEnterprise₹76.4812%Under (+160.1%)
Earnings YieldEarnings₹2.4010%Over (-91.8%)
ROCE CapitalReturns₹27.7110%Fair (-5.7%)
Revenue MultipleRevenue₹39.347%Under (+33.8%)
Consensus (7 models)₹30.04100%Fairly Valued
Key Drivers: EPS CAGR -46.5% drags value — could be higher if earnings stabilize. | ROE 0.6% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -46.5%

*Investments are subject to market risks

Investment Snapshot

44
Jain Irrigation Systems Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health35/100 · Weak
ROCE 4.9% WeakROE 0.6% WeakD/E 2.03 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money20/100 · Weak
FII holding down -1.77% (6mo) SellingDII holding down 0.58% MF sellingPromoter holding at 26.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 13%) Improving
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +10% YoY Growing
Industry Rank20/100 · Weak
P/E 42.7 vs industry 30.0 In-lineROCE 4.9% vs industry 18.8% Below peersROE 0.6% vs industry 14.9% Below peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:08 am

Market Cap 2,142 Cr.
Current Price 29.4
Intrinsic Value₹30.04
High / Low 66.4/27.1
Stock P/E42.7
Book Value 81.7
Dividend Yield0.00 %
ROCE4.94 %
ROE0.61 %
Face Value 2.00
PEG Ratio-0.92

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jain Irrigation Systems Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Jain Irrigation Systems Ltd 2,142 Cr. 29.4 66.4/27.142.7 81.70.00 %4.94 %0.61 % 2.00
RM Drip & Sprinklers Systems Ltd 1,028 Cr. 41.2 124/35.029.2 3.470.07 %44.7 %39.7 % 1.00
Mahindra EPC Irrigation Ltd 281 Cr. 101 185/91.918.0 62.20.00 %6.85 %4.27 % 10.0
Industry Average1,150.33 Cr57.2029.9749.120.02%18.83%14.86%4.33

All Competitor Stocks of Jain Irrigation Systems Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,5041,7451,7011,3621,3581,7271,4781,1921,3611,7491,5461,4321,598
Expenses 1,3271,6101,4861,1881,1871,5111,3001,0531,1851,5251,3451,2341,432
Operating Profit 177136215173171216178139176223201198166
OPM % 12%8%13%13%13%12%12%12%13%13%13%14%10%
Other Income -411,066427-471122126-34
Interest 10815410599108106103105113111114116112
Depreciation 59615960596561626367687069
Profit before tax -31987551711-316-171462118-49
Tax % 62%1%33%50%21%270%21%-21%185%40%47%14%-3%
Net Profit -509773789-1112-13-1281115-47
EPS in Rs -0.8116.160.570.130.15-0.130.20-0.150.010.430.190.21-0.59

Last Updated: February 5, 2026, 11:08 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5,8216,1176,2816,7157,8008,5365,8915,6317,0785,6906,0845,7326,324
Expenses 5,0515,3385,4605,7706,8467,6105,9425,2836,3725,1265,3005,0155,536
Operating Profit 770779820945954926-51348706564784717788
OPM % 13%13%13%14%12%11%-1%6%10%10%13%13%12%
Other Income -184-353459163275751166111,004-4316-24
Interest 468469491459479514692746558469419433453
Depreciation 205244297301339313347351337236243253275
Profit before tax -863167243299374-1,014-633422863794636
Tax % -54%-78%27%27%26%32%-29%-36%22%4%46%45%
Net Profit -405549176221254-719-40332983243267
EPS in Rs -0.901.251.063.684.424.82-14.41-7.975.4813.690.680.500.24
Dividend Payout % -58%42%49%21%24%22%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)237.50%-10.91%259.18%25.57%14.93%-383.07%43.95%181.64%152.89%-94.83%-39.53%
Change in YoY Net Profit Growth (%)0.00%-248.41%270.09%-233.62%-10.64%-398.00%427.02%137.69%-28.75%-247.72%55.30%

Jain Irrigation Systems Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:0%
3 Years:-7%
TTM:-1%
Compounded Profit Growth
10 Years:-11%
5 Years:15%
3 Years:30%
TTM:-46%
Stock Price CAGR
10 Years:0%
5 Years:33%
3 Years:7%
1 Year:-22%
Return on Equity
10 Years:0%
5 Years:1%
3 Years:6%
Last Year:1%

Last Updated: September 5, 2025, 8:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 92929596103103103103122125137138147
Reserves 2,0832,0473,9694,0624,2484,3103,3682,8653,5345,0565,3045,4825,694
Borrowings 4,0604,2314,1244,0334,4535,2477,1596,9746,7673,9674,0494,0084,128
Other Liabilities 1,8581,8892,4282,8153,3483,0972,3882,7302,1261,8341,6751,7992,014
Total Liabilities 8,0938,26010,61711,00712,15212,75813,01812,67112,54910,98111,16611,42711,983
Fixed Assets 2,7772,7614,8334,8035,2845,5655,9895,5775,3724,1474,2424,3934,481
CWIP 8153606412213956212532264473
Investments 1621068185838688731,1431,1901,2221,264
Other Assets 5,2345,3845,6186,0586,6616,9716,8876,9857,0785,6595,7085,7696,165
Total Assets 8,0938,26010,61711,00712,15212,75813,01812,67112,54910,98111,16611,42711,983

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 5746604406741,313156-67529947645535843
Cash from Investing Activity + -292-228-275-417-1,060-346-258303-1943,138-314-229
Cash from Financing Activity + -320-325-89-520-1671101,046-435-385-3,365-251-621
Net Cash Flow -3810776-26386-80113167-104-182-30-7
Free Cash Flow 312451186374791-211-943210311-98316605
CFO/OP 75%88%55%74%143%23%1,192%99%72%15%68%119%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow766.00775.00816.00941.00950.00921.00-58.00342.00700.00561.00780.00713.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 113117126124118128174161121140133135
Inventory Days 201197196229214197240231209190191203
Days Payable 14714414015617314012411310210689105
Cash Conversion Cycle 167170182197159186290279228224235233
Working Capital Days 171534796672-6-5855658075
ROCE %10%9%8%8%9%9%-3%0%4%4%6%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 28.37%27.45%26.12%26.12%26.12%26.12%26.12%26.02%25.94%26.68%26.68%26.68%
FIIs 3.76%4.15%4.89%5.32%5.46%5.18%5.38%4.55%4.97%5.19%2.98%3.20%
DIIs 10.20%9.87%9.33%9.34%9.32%9.33%9.36%9.41%9.42%6.85%8.85%8.84%
Government 0.00%0.00%0.06%0.07%0.08%0.06%0.06%0.06%0.06%0.07%0.07%0.07%
Public 57.38%58.23%59.33%58.87%58.73%59.02%58.79%59.68%59.52%61.13%61.35%61.14%
Others 0.31%0.30%0.28%0.28%0.28%0.28%0.28%0.28%0.09%0.06%0.06%0.06%
No. of Shareholders 1,97,3491,91,9341,91,8321,90,8102,00,1881,90,3761,98,3211,92,9691,94,2241,95,9441,97,3361,96,120

Shareholding Pattern Chart

No. of Shareholders

Jain Irrigation Systems Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund 359,292 0.44 2.01359,2922025-04-22 17:25:300%
Groww Nifty Total Market Index Fund 814 0.01 08142025-04-22 17:25:300%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 0.490.6713.336.15-7.67
Diluted EPS (Rs.) 0.480.6413.086.01-7.67
Cash EPS (Rs.) 4.014.1517.5511.15-1.07
Book Value[Excl.RevalReserv]/Share (Rs.) 81.3181.2284.5761.6859.74
Book Value[Incl.RevalReserv]/Share (Rs.) 81.3181.2284.5761.6859.74
Revenue From Operations / Share (Rs.) 83.6289.5192.12116.35109.90
PBDIT / Share (Rs.) 10.5711.4810.5512.159.59
PBIT / Share (Rs.) 6.917.956.776.642.78
PBT / Share (Rs.) 0.641.85-0.997.16-11.68
Net Profit / Share (Rs.) 0.340.6113.775.64-7.87
NP After MI And SOA / Share (Rs.) 0.480.6513.275.31-7.67
PBDIT Margin (%) 12.6412.8211.4410.448.72
PBIT Margin (%) 8.268.877.345.712.53
PBT Margin (%) 0.772.06-1.076.15-10.63
Net Profit Margin (%) 0.410.6814.954.84-7.16
NP After MI And SOA Margin (%) 0.580.7314.404.56-6.98
Return on Networth / Equity (%) 0.590.8315.978.88-13.33
Return on Capital Employeed (%) 6.507.556.215.332.43
Return On Assets (%) 0.290.407.522.57-3.11
Long Term Debt / Equity (X) 0.220.260.260.970.83
Total Debt / Equity (X) 0.660.720.741.802.03
Asset Turnover Ratio (%) 0.510.550.340.260.19
Current Ratio (X) 1.311.361.271.290.93
Quick Ratio (X) 0.820.860.810.810.62
Inventory Turnover Ratio (X) 2.901.811.361.150.79
Interest Coverage Ratio (X) 1.691.881.401.330.66
Interest Coverage Ratio (Post Tax) (X) 1.051.220.830.560.50
Enterprise Value (Cr.) 7766.807323.215967.108790.776618.67
EV / Net Operating Revenue (X) 1.341.191.041.231.17
EV / EBITDA (X) 10.639.299.0711.8213.38
MarketCap / Net Operating Revenue (X) 0.680.540.370.350.16
Price / BV (X) 0.700.610.410.680.32
Price / Net Operating Revenue (X) 0.680.540.370.350.16
EarningsYield 0.010.010.380.13-0.41

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 3259.02 Cr. and Equity Capital is Rs. 138.22 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Micro Irrigation SystemsJain Plastic Park, Jalgaon District Maharashtra 425001Contact not found
Management
NamePosition Held
Mr. Ashok B JainChairman
Mr. Anil B JainVice Chairman & Mng.Director
Mr. Ajit B JainJoint Managing Director
Mr. Atul B JainJoint Managing Director
Mr. Shishir DalalInd. Non-Executive Director
Mr. Satish MehtaInd. Non-Executive Director
Mr. Ashok DalwaiInd. Non-Executive Director
Ms. Nancy BarryIndependent Director
Dr. Narendra JadhavIndependent Director
Mr. Johannes Bastiaan Boudewijn MohrmannIndependent Director
Mr. Aroop SircarNominee Director
Mr. Mukul SarkarNominee Director

FAQ

What is the intrinsic value of Jain Irrigation Systems Ltd and is it undervalued?

As of 14 April 2026, Jain Irrigation Systems Ltd's intrinsic value is ₹30.04, which is 2.18% higher than the current market price of ₹29.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (0.61 %), book value (₹81.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Jain Irrigation Systems Ltd?

Jain Irrigation Systems Ltd is trading at ₹29.40 as of 14 April 2026, with a FY2026-2027 high of ₹66.4 and low of ₹27.1. The stock is currently near its 52-week low. Market cap stands at ₹2,142 Cr..

How does Jain Irrigation Systems Ltd's P/E ratio compare to its industry?

Jain Irrigation Systems Ltd has a P/E ratio of 42.7, which is above the industry average of 29.97. The premium over industry average may reflect growth expectations or speculative interest.

Is Jain Irrigation Systems Ltd financially healthy?

Key indicators for Jain Irrigation Systems Ltd: ROCE of 4.94 % is on the lower side compared to the industry average of 18.83%; ROE of 0.61 % is below ideal levels (industry average: 14.86%). Dividend yield is 0.00 %.

Is Jain Irrigation Systems Ltd profitable and how is the profit trend?

Jain Irrigation Systems Ltd reported a net profit of ₹26 Cr in Mar 2025 on revenue of ₹5,732 Cr. Compared to ₹329 Cr in Mar 2022, the net profit shows a declining trend.

Does Jain Irrigation Systems Ltd pay dividends?

Jain Irrigation Systems Ltd has a dividend yield of 0.00 % at the current price of ₹29.40. The company is currently not paying meaningful dividends.

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
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