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34.85
35.20
25.00
53.50
6M Return -17.16%
1Y Return 13.82%
Mkt Cap.(Cr) 2,074.11
Volume 294,247
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 294,247

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Rapid Results

Q4FY22 Quarterly Result Announced for Jain Irrigation Systems Ltd.

Jain Irrigation Systems announced Q4FY22 results:

  • Q4FY22 (consolidated):
    • Revenue increased by 16.2% on YoY basis by registering positive growth in all major business divisions
    • Hi-tech Agri Input Products Division registered growth of 6.8% YoY on account of good demand in overseas market.
    • Plastic Division registered growth of 50.1% YoY on account of strong growth across all the product lines.
    • Agro Processing Division registered growth of 17.3% YoY on account of higher sales from domestic and overseas market.
    • EBIDTA margin for 4QFY22 increased from 11.2% to 12.7% on YoY basis
    • Substantial increased in PAT due to one-time gain (exceptional item) from implementation of resolution plan of debt restructuring in India. 
  • FY22 (consolidated):
    • Overall revenue increased by 25.6% on account of positive growth in all major business divisions in India and overseas.
    • Hi-tech Agri Input Products Division registered revenue growth of 20.9% YoY growth.
    • Plastic Division registered strong growth of 43.0% YoY growth. 
    • Agro Processing Division improved significantly and registered growth of 24.4% YoY growth.
    • EBIDTA margin for FY22 at 13.1% increased by 487 basis point on YoY basis
    • Substantial increase in PAT due to one-time gain from implementation of resolution plan of debt restructuring in India and Bond restructuring in overseas subsidiary.
    • Strong Global order book stands at Rs 35,928 Mn which includes orders of Rs 20,284 Mn for Hi-tech Agri Input Products Division, Rs 6,276 Mn for Plastic Division and Rs 9,362 for Agro Processing Division. 
  • Q4FY22 (Standalone):
    • Overall total revenue expanded by 12.2% lead by growth in the Plastic product division.
    • EBIDTA margin for 4QFY22 at 12.2%.
    • Substantial increase in PAT due to one-time gain (exceptional items) from implementation of resolution plan of debt restructuring in India.
  • FY22 (Standalone):
    • Overall total revenue expanded by 30.7%.
    • Hi-tech Agri Input Products Division registered strong growth 27.0% YoY.
    • Plastic Division also registered good growth of 37.7% YoY
    • Current India order book stands at Rs 20,503 Mn which includes orders of Rs 14,470 Mn for Hi-tech Agri Input Products Division, Rs 6,228 Mn for Plastic Division. 

Vice Chairman and Managing Director of the Company, Mr Anil Jain said: “We are pleased to announce the audited financial results of the Company for the fourth quarter and year ended March 31, 2022. The Company has registered an all-round growth — the consolidated revenue has increased 25.6% yoy and the EBIDTA has increased by almost 100%.

At the end of the third quarter, we had laid out certain things to do and am happy to share that the fourth quarter has been very satisfactory on those fronts. The Resolution of Debt of the Company was implemented in end March 2022 and this was a culmination of sustained hard work of all stake holders involved. This has laid the foundation for working with new energy from hereon to create sustained growth with creation of free cash flow as main barometer. The operations of the Company have turned around sustainably in the year completed and are stable. The business environment is dynamic, yet, the challenges of raw material inflation and international supply chain disruption are posing some headwinds. The focus is also on completing the pending EPC order book and recovery of the dues involved therein.

We wish to sincerely thank the various stakeholders - employees, banks, financial institutions, shareholders, suppliers and customers - for their wholehearted support.”

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,967.85 Cr FV: 2.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 25,141.00
LAST 3M 44,802.10 -11,969.10
LAST 6M 126,363.03 -152,810.52
LAST 12M 215,488.67 -221,056.82

Information

  • About Company
  • Company Info
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26.91%
60.976
-0.09%
-16.2%
Description
  • Jain Irrigation Systems Limited (JISL) was incorporated in 30th December of the year 1986. JISL is a diversified Company of Irrigation Products. The Company is engaged in providing solutions in agriculture, piping, infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, agro processed products, renewable energy solutions, tissue culture plants, equipment business, financial services and other agricultural inputs. It has pioneered a silent Productivity Revolution with modern irrigation systems and innovative technologies in order to save precious water and have helped to get significant increase in crop yields, especially for more than 6 million small farmers. Micro-Irrigation Systems of the company was started in the year 1989, JSIL toiled and struggled to pioneer Water-management through Micro Irrigation in India. During the same year 1989, the Company developed its R & D farm at Mohadi (Jalgaon Dist), which was being used as a demonstration plot for promotion of the concept of micro irrigation systems. During the year 1993, JISL finalised a Memorandum of Understanding (MoU) with Azrom Metal Industries Ltd of Israel for manufacture of green houses and plant propagation tunnels near village Mohadi in Jalgaon district and also entered into a technical collaboration agreement with Amcor Ltd, Israel for manufacture of solar water heating systems in Jalgaon. In the year 1994 Jain Irrigation had set-up the world-class food processing facilities for dehydration of onion, vegetable and production of fruit purees, concentrates and pulp. The Company hitherto entered into the untapped area of large-scale commercial farming by implementing MIS in Corporate agriculture projects in the year 1994. During the same year 1994, JSIL had undertaken implementation of a 100% export oriented unit with separate factory at Bambhori for the manufacture of polytubes and mouled public components and signed a MOU with a South African Company for manufacture and marketing of their newly invented sprinklers. Jain Plastics & Chemicals Ltd, Jain Kemira Fertilizers Ltd and Jain Rahan Biotech Ltd were amalgamated with the Company in the year 1996. The manufacturing facility of PVC Pipes was increased its capacity to over 35,600 MT`s per annum in the year 1997, as a result, the company became as the largest single producer of PVC Pipes in the country and also in the identical year the company made a technical collaboration with RIS of Italy for drip irrigation systems and with Chapin Watermatios of US for multi-chambered drip irrigation. During 2002-03 the company was selected along with six vendors who has been awarded the Government of AP`s APMI project. Rs.1200 crore projects were to be implemented in 2 phases over a period of 2 years. Out of the seven vendors, JIS Ltd allocated the highest area of 36000 hectares in the Phase I of 135000 hectares. JISL signed a MoU with State Bank of India (SBI) in the year 2004 for term loans to farmers for purchasing capital inputs from the company. During 2004-05 the company has increased the installed capacity of Polytube and Laterals, Injection Moulded Components, HDPE Pipes and fittings, PVC Sheets, Dehydrated Onions & Vegetables, Fruit Puree & Concentrate and Tissue Culture Plants by 600 MT, 200 MT, 6174 MT, 9880 MT, 800 MT, 9100 MT and 2000000 NOS respectively. Further the company has installed new capacities of Slabs/Tiles and Monuments with a capacity of 45000 Sq.Mtr and 15000 C.Ft. respectively. JISL acquired the mango processing business from Parle Bisleri Pvt Ltd during February of the year 2006 for the total consideration of Rs.14 crore as an on-going business and also acquired the Watertech. Jain Irrigation has been named as one of the eight Indian companies expected to emerge as challengers to the World`s leading companies by Standard and Poor recently in May of the year 2007. JISL and Mekorot, the National Water Company of Israel had signed a MoU in February of the year 2008 for cooperating and working together in India in projects related to water infrastructure in the country. As of March 2008, the company acquired the 69.75% shareholding of Thomas Machines S.A. of Switzerland (THE) with full management and operational control. JISL signed a MoU with the Government of Maharashtra in May of the year 2008 comprising two Mega Projects with an estimated investment of Rs. 550 Crores covering agro based and related products in the industrially backward district of Jalgaon. During June of the year 2008, JISL honored with the Dun & Bradstreet (D&B) - Export Credit Guarantee Corporation of India Ltd (ECGC) Indian Exporters` Excellence Award in the Food & Agro Products sector. During the year 2014, the Company hived off Wind Power Undertaking, which was operating at Theni, Tamil Nadu. The unit included 8 Wind turbines and 28.5 acres of Land and all related assets and liabilities. The shareholder approval was obtained by way of Postal Ballot and actual transfer was affected in Q4 FY 2014. The total value of Wind Power Undertaking was Rs645 million. The Company after obtaining all the necessary approvals had issued 75 lacs Equity Warrants at a price of Rs. 86.30 each aggregating Rs. 647.25 million out of which as per SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009, the 25% deposit was paid upfront at the time of issue and on payment of balance 75% the warrants were converted into Equity shares of Rs. 2 each on 20 March 2014. The proceeds are utilized for strengthening the long-term working capital base of the Company, as proposed while raising the funds. During FY 2016, the Company raised Rs.2,896 million, through the issue of 36,200,000 Compulsorily Convertible Debentures (CCDs) to Mandala Rose Co-Investments Limited. The Company has made a preferential issue of CCDs with a 5% annual coupon to Mandala for a total subscription amount of Rs. 2,896 million. The CCDs may be converted into Ordinary Equity Shares of the Company, within 18 months from the date of allotment. The Company has also issued 14,100,000 Equity Warrants to JAF Products Private Limited a promoter group entity, raising Rs.1128 million which were later on converted into equal number of Ordinary Equity Shares of the Company during the year. Company carved out its Indian Food Undertaking (IFU) by executing Business Transfer Agreement with Jain Farm Fresh Foods Ltd., (JFFFL) dated 19th day of February, 2016, and JFFFL became material subsidiary of the Company w.e.f. 31st March 2016. The subsidiarisation was concluded by way of slump sale of Indian Food Undertaking to JFFFL during the year under review. Further JFFFL raised around Rs.4000 million by way of issue of Compulsorily Convertible Debentures (CCDs) and Ordinary Equity Shares to Mandala Primrose Co-Investment Ltd. Israel is a wholly owned subsidiary of the Company through the Jain (Israel) B.V. & Jain Overseas B.V. It is engaged in the manufacturing of drip / sprinkler irrigation. NaanDanJain has manufacturing facilities in Israel, Chile, Brazil, Turkey and Spain. During the year 2016, the company acquired Jain Sulama, Turkey from Jain Overseas B.V. In May 2017, the Company through its multi generation wholly owned subsidiary in the United States of America (USA) completed the acquisition of 80% stake in two of the United States` largest micro-irrigation dealers i.e. Agri Valley Irrigation LLC, (AVI) and Irrigation Design and Construction, LLC (IDC). This acquisition will help JISL`s USA business to become an unparalleled leader in design, construction, service and innovative agricultural technology providing a unique platform to help growers implement state-of-the-art irrigation technology and achieve `More Crop Per Drop`. The Company in February 2018, through step down subsidiary of Jain Farm Fresh Foods Limited, acquired 100% stake in INNOVAFOOD N. V. Belgium, a leading importer, stockist and distributor of food ingredients and now has become one of the leading players in the dehydrated vegetables, spices and other food ingredients in Belgium, Netherlands, France and other neighbouring countries of European Union.

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Registered Address

Jain Plastic Park, NH No 6 PO Box 72 Bambhori, Jalgaon, Maharashtra, 425001

Tel : 91-257-2258011
Email : jisl:jains.com/investor.corr:jains.com
Website : http://www.jains.com

Registrar

Big Share Services Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 500219
NSE Code : JISLJALEQS
Book Closure Date (Month) : Dec
BSE Group : A
ISIN : INE175A01038

ICICIdirect Jain Irrigation Systems Ltd FAQ

You can buy Jain Irrigation Systems Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Jain Irrigation Systems Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 10, 2022 01:37 PM the closing price of Jain Irrigation Systems Ltd was ₹ 35.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Aug 10, 2022 01:37 PM, the market cap of Jain Irrigation Systems Ltd stood at ₹ 2,074.11.
The latest PE ratio of Jain Irrigation Systems Ltd as of Aug 10, 2022 01:37 PM is 0
The latest PB ratio of Jain Irrigation Systems Ltd as of Aug 10, 2022 01:37 PM is 1.75
The 52-week high of Jain Irrigation Systems Ltd is ₹ 53.50 while the 52-week low is ₹ 25.00 .

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