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Jain Irrigation Sys Overview

Jain Irrigation Systems Ltd is engaged in providing solutions in agriculture, piping and infrastructure thru manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and different agricultural inputs. It is the second largest micro-irrigation employer globally and is the largest producer of micro irrigation structures in India. It is likewise the biggest manufacturer of Mango pulp, puree, and concentrate internationally, and t...Read More

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Jain Irrigation Sys Key Financials

Market Cap ₹2335 Cr.

Stock P/E 90.9

P/B 0.4

Current Price ₹32.7

Book Value ₹ 81

Face Value 2

52W High ₹66.4

Dividend Yield 0%

52W Low ₹ 27.4

Jain Irrigation Sys Share Price

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Volume
Price

Jain Irrigation Sys Quarterly Price

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Jain Irrigation Sys Peer Comparison

Jain Irrigation Sys Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1362 1358 1727 1478 1192 1361 1749 1546 1432 1598
Other Income 1 -0 1 1 9 2 1 2 6 5
Total Income 1363 1358 1727 1479 1201 1363 1750 1548 1438 1603
Total Expenditure 1184 1187 1511 1299 1053 1185 1525 1344 1233 1430
Operating Profit 179 171 217 180 148 178 225 204 205 173
Interest 99 108 106 103 105 113 111 114 116 112
Depreciation 60 59 65 61 62 63 67 68 70 69
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -39
Profit Before Tax 21 4 46 16 -19 1 46 22 19 -47
Provision for Tax 8 2 8 3 -4 3 18 10 2 -1
Profit After Tax 12 2 38 13 -16 -1 28 12 17 -46
Adjustments -4 8 -47 1 6 2 1 2 -1 4
Profit After Adjustments 9 10 -9 14 -10 1 29 14 15 -42
Adjusted Earnings Per Share 0.1 0.1 -0.1 0.2 -0.1 0 0.4 0.2 0.2 -0.6

Jain Irrigation Sys Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 6153 6322 6770 7843 8577 5923 5667 4733 5748 6147 5779 6325
Other Income 41 33 61 161 271 73 146 30 67 5 42 14
Total Income 6194 6356 6831 8004 8848 5996 5813 4763 5814 6152 5822 6339
Total Expenditure 5373 5504 5830 6891 7651 5954 5319 4308 5156 5364 5091 5532
Operating Profit 820 852 1001 1113 1197 41 494 456 658 788 731 807
Interest 469 491 459 479 514 692 746 355 469 419 433 453
Depreciation 244 297 301 339 313 347 351 241 236 243 253 274
Exceptional Income / Expenses -76 0 0 0 0 0 0 295 -15 0 0 -39
Profit Before Tax 31 67 243 299 374 -996 -599 138 -89 128 46 40
Provision for Tax -24 18 67 78 120 -295 -231 4 32 37 21 29
Profit After Tax 55 49 176 221 254 -701 -369 134 -121 91 26 11
Adjustments 1 -0 -7 -2 -15 -15 -27 191 948 -46 8 6
Profit After Adjustments 55 48 169 219 239 -715 -396 325 828 45 34 16
Adjusted Earnings Per Share 1.2 1 3.5 4.3 4.6 -13.9 -7.7 5.3 13.3 0.7 0.5 0.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% 7% -0% -1%
Operating Profit CAGR -7% 17% 78% -1%
PAT CAGR -71% -42% 0% -7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -42% -4% 15% -7%
ROE Average 0% -0% -2% -1%
ROCE Average 5% 5% 4% 6%

Jain Irrigation Sys Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2140 4064 4158 4351 4413 3471 2968 3656 5181 5442 5620
Minority's Interest 0 102 109 130 141 143 113 118 96 137 140
Borrowings 1696 1620 2220 2649 2940 2764 2492 3564 1386 1465 1282
Other Non-Current Liabilities 30 444 466 455 466 335 84 92 28 92 127
Total Current Liabilities 4378 4386 4054 4567 4798 6305 6809 4971 4214 3978 4105
Total Liabilities 8244 10617 11007 12152 12758 13018 12465 12402 10906 11113 11274
Fixed Assets 2761 4833 4777 5260 5541 5966 5556 5354 4131 4228 4381
Other Non-Current Assets 554 404 449 502 594 592 529 628 1412 1464 1511
Total Current Assets 4929 5380 5780 6390 6623 6460 6380 6420 5362 5421 5381
Total Assets 8244 10617 11007 12152 12758 13018 12465 12402 10906 11113 11274

Jain Irrigation Sys Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 194 299 374 111 197 117 236 403 300 118 88
Cash Flow from Operating Activities 660 440 674 1313 156 -675 299 476 45 535 843
Cash Flow from Investing Activities -228 -275 -417 -1060 -346 -258 303 -194 3138 -315 -229
Cash Flow from Financing Activities -325 -89 -520 -167 110 1046 -435 -385 -3365 -251 -621
Net Cash Inflow / Outflow 107 76 -263 86 -80 113 167 -104 -182 -31 -7
Closing Cash & Cash Equivalent 301 374 111 197 117 230 403 300 118 88 80

Jain Irrigation Sys Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.2 1.02 3.53 4.25 4.64 -13.87 -7.67 5.31 13.27 0.66 0.49
CEPS(Rs) 6.46 7.26 9.96 10.86 11 -6.86 -0.34 6.13 1.84 4.86 4.03
DPS(Rs) 0.5 0.5 0.75 1 1 0 0 0 0 0 0
Book NAV/Share(Rs) 46.21 85.23 86.72 84.38 85.58 67.31 57.55 58.87 82.31 78.51 80.6
Core EBITDA Margin(%) 11.12 11.33 12.61 11.34 10.3 -0.49 5.87 8.19 8.55 9.97 10.49
EBIT Margin(%) 7.13 7.72 9.42 9.27 9.88 -4.66 2.48 9.49 5.49 6.95 7.31
Pre Tax Margin(%) 0.44 0.92 3.26 3.57 4.17 -15.3 -10.11 2.65 -1.29 1.62 0.71
PAT Margin (%) 0.78 0.67 2.36 2.64 2.83 -10.76 -6.22 2.57 -1.75 1.16 0.39
Cash Profit Margin (%) 4.26 4.79 6.41 6.67 6.31 -5.44 -0.3 7.22 1.66 4.24 4.25
ROA(%) 0.67 0.52 1.63 1.91 2.04 -5.44 -2.89 1.08 -1.04 0.83 0.23
ROE(%) 2.53 1.57 4.29 5.2 5.8 -17.77 -11.45 4.07 -2.76 1.73 0.47
ROCE(%) 7.93 7.66 8.58 9.14 9.6 -3.02 1.45 4.93 3.93 5.92 5.11
Receivable days 97.74 104.32 109.1 104.6 112.2 162.93 163.33 169.87 119.68 102.31 120.81
Inventory Days 96.16 94.3 101.19 102.54 100.38 130.68 128.7 148.77 105.99 83.88 102.39
Payable days 143.01 141.09 146.14 153.53 148.89 158.73 121.26 136.43 111.75 87.65 76.89
PER(x) 51.43 59.37 26.54 25.05 12.71 0 0 7.68 2.57 74.3 118.57
Price/Book(x) 1.33 0.71 1.08 1.26 0.69 0.05 0.32 0.69 0.41 0.62 0.71
Dividend Yield(%) 0.81 0.83 0.8 0.94 1.7 0 0 0 0 0 0
EV/Net Sales(x) 1.1 1.05 1.22 1.22 0.95 1.16 1.28 1.84 1.02 1.17 1.32
EV/Core EBITDA(x) 8.26 7.77 8.25 8.58 6.82 165.99 14.69 19.11 8.92 9.13 10.45
Net Sales Growth(%) 5.57 2.76 7.08 15.86 9.35 -30.95 -4.32 -16.47 21.43 6.95 -5.99
EBIT Growth(%) 30.97 11.57 25.92 10.74 14.16 -134.19 148.36 236.11 -23.01 43.81 -12.26
PAT Growth(%) 237.08 -10.75 262.03 25.56 14.89 -375.57 47.38 136.31 -190.23 175.35 -71.78
EPS Growth(%) 239.1 -15.21 248.03 20.34 9.01 -399.1 44.67 169.2 149.86 -95.03 -26.35
Debt/Equity(x) 1.98 1.02 0.97 1.03 1.19 2.01 2.28 1.83 0.76 0.73 0.68
Current Ratio(x) 1.13 1.23 1.43 1.4 1.38 1.02 0.94 1.29 1.27 1.36 1.31
Quick Ratio(x) 0.7 0.8 0.87 0.86 0.86 0.68 0.64 0.84 0.85 0.9 0.86
Interest Cover(x) 1.07 1.14 1.53 1.63 1.73 -0.44 0.2 1.39 0.81 1.3 1.11
Total Debt/Mcap(x) 1.55 1.5 0.93 0.84 1.8 42.53 7.4 2.73 1.88 1.21 0.97

Jain Irrigation Sys Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 26.12 26.12 26.12 26.12 26.02 25.95 26.68 26.68 26.68 26.68
FII 4.37 4.52 4.23 4.42 3.61 4.03 4.56 2.35 2.57 3.28
DII 10.35 10.34 10.35 10.37 10.36 10.36 7.5 9.49 9.48 9.24
Public 59.16 59.02 59.31 59.09 60.01 59.66 61.26 61.48 61.27 60.8
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Jain Irrigation Sys News

Jain Irrigation Sys Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Debtor days have improved from 87.65 to 76.89days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 26.68%.
  • Company has a low return on equity of -0% over the last 3 years.
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