WEBSITE BSE:500219 NSE : JAIN IRRIG 10 May, 16:01
Market Cap ₹4581 Cr.
Stock P/E 4.2
P/B 0.9
Current Price ₹68.6
Book Value ₹ 80.6
Face Value 2
52W High ₹73.4
Dividend Yield 0%
52W Low ₹ 37
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 the second largest manufacturer of dehydrated onions. It is likewise India’s biggest manufacturer of polyethylene pipes, one of the three main PVC pipe producers, and is likewise the sector’s largest producer of Tissue Culture banana plants.
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#(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 1645 | 1614 | 1373 | 1416 | 1082 | 1504 | 1745 | 1701 | 1362 | 1358 |
Other Income | 5 | 6 | 1 | 0 | 29 | 22 | 1 | 2 | 2 | 6 |
Total Income | 1650 | 1620 | 1373 | 1416 | 1111 | 1526 | 1747 | 1703 | 1364 | 1364 |
Total Expenditure | 1468 | 1506 | 1292 | 1226 | 974 | 1332 | 1611 | 1482 | 1184 | 1193 |
Operating Profit | 182 | 114 | 82 | 191 | 138 | 195 | 135 | 221 | 179 | 171 |
Interest | 183 | 188 | -63 | 109 | 98 | 108 | 154 | 105 | 99 | 108 |
Depreciation | 84 | 84 | 62 | 58 | 58 | 59 | 61 | 59 | 60 | 59 |
Exceptional Income / Expenses | 241 | 31 | 317 | -2 | -5 | -1 | -7 | 0 | 0 | 0 |
Profit Before Tax | 155 | -126 | 400 | 21 | -24 | 27 | -86 | 57 | 21 | 4 |
Provision for Tax | 40 | -54 | 120 | 7 | -5 | 19 | 10 | 18 | 8 | 2 |
Profit After Tax | 115 | -71 | 279 | 13 | -19 | 9 | -97 | 38 | 12 | 2 |
Adjustments | -9 | -1 | -2 | -23 | -72 | -57 | 1074 | -3 | -4 | 8 |
Profit After Adjustments | 107 | -72 | 278 | -10 | -91 | -49 | 977 | 35 | 9 | 10 |
Adjusted Earnings Per Share | 2.1 | -1.4 | 4.5 | -0.2 | -1.5 | -0.8 | 15.7 | 0.6 | 0.1 | 0.1 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 5022 | 5828 | 6153 | 6322 | 6770 | 7843 | 8577 | 5923 | 5667 | 4733 | 5748 | 6166 |
Other Income | 67 | 46 | 41 | 33 | 61 | 161 | 271 | 73 | 146 | 30 | 67 | 11 |
Total Income | 5088 | 5874 | 6194 | 6356 | 6831 | 8004 | 8848 | 5996 | 5813 | 4763 | 5814 | 6178 |
Total Expenditure | 4296 | 5058 | 5373 | 5504 | 5830 | 6891 | 7651 | 5954 | 5319 | 4308 | 5156 | 5470 |
Operating Profit | 792 | 816 | 820 | 852 | 1001 | 1113 | 1197 | 41 | 494 | 456 | 658 | 706 |
Interest | 486 | 468 | 469 | 491 | 459 | 479 | 514 | 692 | 746 | 355 | 469 | 466 |
Depreciation | 170 | 205 | 244 | 297 | 301 | 339 | 313 | 347 | 351 | 241 | 236 | 239 |
Exceptional Income / Expenses | -125 | -230 | -76 | 0 | 0 | 0 | 0 | 0 | 0 | 295 | -15 | -7 |
Profit Before Tax | 13 | -86 | 31 | 67 | 243 | 299 | 374 | -996 | -599 | 138 | -89 | -4 |
Provision for Tax | 8 | -46 | -24 | 18 | 67 | 78 | 120 | -295 | -231 | 4 | 32 | 38 |
Profit After Tax | 5 | -40 | 55 | 49 | 176 | 221 | 254 | -701 | -369 | 134 | -121 | -45 |
Adjustments | -1 | -0 | 1 | -0 | -7 | -2 | -15 | -15 | -27 | 191 | 948 | 1075 |
Profit After Adjustments | 3 | -40 | 55 | 48 | 169 | 219 | 239 | -715 | -396 | 325 | 828 | 1031 |
Adjusted Earnings Per Share | 0.1 | -0.9 | 1.2 | 1 | 3.5 | 4.3 | 4.6 | -13.9 | -7.7 | 5.3 | 13.3 | 16.5 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 21% | -1% | -6% | 1% |
Operating Profit CAGR | 44% | 152% | -10% | -2% |
PAT CAGR | -190% | 0% | NAN% | NAN% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | 69% | 53% | 6% | -3% |
ROE Average | -3% | -3% | -4% | -1% |
ROCE Average | 4% | 3% | 3% | 6% |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 2168 | 2176 | 2140 | 4064 | 4158 | 4351 | 4413 | 3471 | 2968 | 3656 | 5181 |
Minority's Interest | 0 | 20 | 0 | 102 | 109 | 130 | 141 | 143 | 113 | 118 | 96 |
Borrowings | 1433 | 1498 | 1696 | 1620 | 2220 | 2649 | 2940 | 2764 | 2492 | 3564 | 1386 |
Other Non-Current Liabilities | 104 | 54 | 30 | 444 | 466 | 455 | 466 | 335 | 84 | 92 | 28 |
Total Current Liabilities | 4023 | 4345 | 4378 | 4386 | 4054 | 4567 | 4798 | 6305 | 6809 | 4971 | 4214 |
Total Liabilities | 7728 | 8093 | 8244 | 10617 | 11007 | 12152 | 12758 | 13018 | 12465 | 12402 | 10906 |
Fixed Assets | 2609 | 2777 | 2761 | 4833 | 4777 | 5260 | 5541 | 5966 | 5556 | 5354 | 4131 |
Other Non-Current Assets | 475 | 508 | 554 | 404 | 449 | 502 | 594 | 592 | 529 | 628 | 1412 |
Total Current Assets | 4645 | 4808 | 4929 | 5380 | 5780 | 6390 | 6623 | 6460 | 6380 | 6420 | 5362 |
Total Assets | 7728 | 8093 | 8244 | 10617 | 11007 | 12152 | 12758 | 13018 | 12465 | 12402 | 10906 |
#(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 330 | 232 | 194 | 299 | 374 | 111 | 197 | 117 | 236 | 403 | 300 |
Cash Flow from Operating Activities | 428 | 574 | 660 | 440 | 674 | 1313 | 156 | -675 | 299 | 476 | 45 |
Cash Flow from Investing Activities | -342 | -292 | -228 | -275 | -417 | -1060 | -346 | -258 | 303 | -194 | 3138 |
Cash Flow from Financing Activities | -183 | -320 | -325 | -89 | -520 | -167 | 110 | 1046 | -435 | -385 | -3365 |
Net Cash Inflow / Outflow | -97 | -38 | 107 | 76 | -263 | 86 | -80 | 113 | 167 | -104 | -182 |
Closing Cash & Cash Equivalent | 232 | 194 | 301 | 374 | 111 | 197 | 117 | 230 | 403 | 300 | 118 |
# | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 0.07 | -0.86 | 1.2 | 1.02 | 3.53 | 4.25 | 4.64 | -13.87 | -7.67 | 5.31 | 13.27 |
CEPS(Rs) | 3.83 | 3.56 | 6.46 | 7.26 | 9.96 | 10.86 | 11 | -6.86 | -0.34 | 6.13 | 1.84 |
DPS(Rs) | 0.5 | 0.5 | 0.5 | 0.5 | 0.75 | 1 | 1 | 0 | 0 | 0 | 0 |
Book NAV/Share(Rs) | 47.24 | 46.98 | 46.21 | 85.23 | 86.72 | 84.38 | 85.58 | 67.31 | 57.55 | 58.87 | 82.31 |
Core EBITDA Margin(%) | 12.88 | 11.63 | 11.12 | 11.33 | 12.61 | 11.34 | 10.3 | -0.49 | 5.87 | 8.19 | 8.55 |
EBIT Margin(%) | 8.84 | 5.77 | 7.13 | 7.72 | 9.42 | 9.27 | 9.88 | -4.66 | 2.48 | 9.49 | 5.49 |
Pre Tax Margin(%) | 0.22 | -1.3 | 0.44 | 0.92 | 3.26 | 3.57 | 4.17 | -15.3 | -10.11 | 2.65 | -1.29 |
PAT Margin (%) | 0.08 | -0.6 | 0.78 | 0.67 | 2.36 | 2.64 | 2.83 | -10.76 | -6.22 | 2.57 | -1.75 |
Cash Profit Margin (%) | 3.09 | 2.49 | 4.26 | 4.79 | 6.41 | 6.67 | 6.31 | -5.44 | -0.3 | 7.22 | 1.66 |
ROA(%) | 0.06 | -0.5 | 0.67 | 0.52 | 1.63 | 1.91 | 2.04 | -5.44 | -2.89 | 1.08 | -1.04 |
ROE(%) | 0.23 | -1.84 | 2.53 | 1.57 | 4.29 | 5.2 | 5.8 | -17.77 | -11.45 | 4.07 | -2.76 |
ROCE(%) | 8.64 | 6.25 | 7.93 | 7.66 | 8.58 | 9.14 | 9.6 | -3.02 | 1.46 | 4.93 | 3.93 |
Receivable days | 136.92 | 103.48 | 97.74 | 104.32 | 109.1 | 104.6 | 112.2 | 162.93 | 163.33 | 169.87 | 119.68 |
Inventory Days | 103.18 | 98.12 | 96.16 | 94.3 | 101.19 | 102.54 | 100.38 | 130.68 | 128.7 | 148.77 | 105.99 |
Payable days | 173.78 | 146.46 | 143.01 | 141.09 | 146.14 | 153.53 | 148.89 | 158.73 | 121.26 | 136.43 | 111.75 |
PER(x) | 909.9 | 0 | 51.43 | 59.37 | 26.54 | 25.05 | 12.71 | 0 | 0 | 7.68 | 2.57 |
Price/Book(x) | 1.3 | 1.39 | 1.33 | 0.71 | 1.08 | 1.26 | 0.69 | 0.05 | 0.32 | 0.69 | 0.41 |
Dividend Yield(%) | 0.81 | 0.77 | 0.81 | 0.83 | 0.8 | 0.94 | 1.7 | 0 | 0 | 0 | 0 |
EV/Net Sales(x) | 1.27 | 1.18 | 1.1 | 1.05 | 1.22 | 1.22 | 0.95 | 1.16 | 1.28 | 1.84 | 1.02 |
EV/Core EBITDA(x) | 8.05 | 8.42 | 8.26 | 7.77 | 8.25 | 8.58 | 6.82 | 165.99 | 14.69 | 19.11 | 8.92 |
Net Sales Growth(%) | 2.06 | 16.06 | 5.57 | 2.76 | 7.08 | 15.86 | 9.35 | -30.95 | -4.32 | -16.47 | 21.43 |
EBIT Growth(%) | -29.36 | -23.36 | 30.97 | 11.57 | 25.92 | 10.74 | 14.16 | -134.19 | 148.36 | 236.11 | -23.01 |
PAT Growth(%) | -98.02 | -980.94 | 237.08 | -10.75 | 262.03 | 25.56 | 14.89 | -375.57 | 47.38 | 136.31 | -190.23 |
EPS Growth(%) | -98.77 | -1371.94 | 239.1 | -15.21 | 248.03 | 20.34 | 9.01 | -399.1 | 44.67 | 169.2 | 149.86 |
Debt/Equity(x) | 1.77 | 1.87 | 1.98 | 1.02 | 0.97 | 1.03 | 1.19 | 2.01 | 2.28 | 1.83 | 0.76 |
Current Ratio(x) | 1.15 | 1.11 | 1.13 | 1.23 | 1.43 | 1.4 | 1.38 | 1.02 | 0.94 | 1.29 | 1.27 |
Quick Ratio(x) | 0.73 | 0.68 | 0.7 | 0.8 | 0.87 | 0.86 | 0.86 | 0.68 | 0.64 | 0.84 | 0.85 |
Interest Cover(x) | 1.03 | 0.82 | 1.07 | 1.14 | 1.53 | 1.63 | 1.73 | -0.44 | 0.2 | 1.39 | 0.81 |
Total Debt/Mcap(x) | 1.42 | 1.41 | 1.55 | 1.5 | 0.93 | 0.84 | 1.8 | 42.53 | 7.4 | 2.73 | 1.88 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 28.64 | 26.91 | 26.91 | 28.36 | 28.36 | 28.36 | 27.46 | 26.12 | 26.12 | 26.12 |
FII | 6.66 | 4.1 | 4.82 | 4.42 | 3.67 | 2.72 | 3.14 | 3.93 | 4.37 | 4.52 |
DII | 0 | 12.6 | 12.6 | 11.25 | 11.24 | 11.24 | 10.88 | 10.34 | 10.35 | 10.34 |
Public | 64.69 | 56.4 | 55.67 | 55.97 | 56.72 | 57.67 | 58.52 | 59.61 | 59.16 | 59.02 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 14.22 | 15.95 | 15.95 | 17.15 | 17.15 | 17.15 | 17.15 | 17.43 | 17.43 | 17.43 |
FII | 3.31 | 2.43 | 2.86 | 2.67 | 2.22 | 1.64 | 1.96 | 2.63 | 2.91 | 3.01 |
DII | 0 | 7.46 | 7.47 | 6.8 | 6.8 | 6.8 | 6.8 | 6.9 | 6.91 | 6.9 |
Public | 32.11 | 33.42 | 32.99 | 33.84 | 34.29 | 34.87 | 36.55 | 39.79 | 39.49 | 39.39 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 49.64 | 59.26 | 59.26 | 60.46 | 60.46 | 60.46 | 62.46 | 66.75 | 66.75 | 66.75 |
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