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Jain Irrigation Systems Ltd share Price Today

Company details

68.60
70.30
36.95
73.45
6M Return 4.50%
1Y Return 82.22%
Mkt Cap.(Cr) 4,652.25
Volume 1,934,326
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,934,326

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Plastic Products company Jain Irrigation Systems announced FY24 results:

  • Consolidated Revenue up by 7.0% for FY24 on YoY basis
  • Consolidated EBITDA up by 16.8% for FY24 on YoY basis
  • Consolidated PAT of Rs 910 million for FY24 as against loss after tax of Rs 1,208 million last year
  • Standalone Revenue up by 5.7% for FY24 on YoY basis
  • Standalone EBITDA up by 10.3% for FY24 on YoY basis
  • Standalone PAT up by 41.2% to Rs 555 million for FY24 on YoY basis

Vice Chairman and Managing Director of the Company, Anil Jain said: "The world, including India, faces significant challenges due to climate change. Elevated temperatures and unpredictable weather patterns have disrupted agriculture and related industries. Farmers engaged in valueadded agriculture have been particularly affected.

Despite these challenges, the company saw substantial increase of 25% in retail business. The Company strategically reduced its exposure to project-based business and increased focus on retail and export markets which has changed overall revenue mix with better margins and lower working capital intensity.

Our international businesses have demonstrated resilience, with strong growth in both revenue and profitability, approaching pre-pandemic levels.

Normal monsoon has been predicated in current year. There could be some impact on overall business in the first quarter of FY25 due to general elections, however, we remain committed to deleveraging and improving profitability by remaining focused on quality of business and growing our retail business significantly."

Result PDF

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Jain Irrigation Systems Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (4)

  • Red Flag: High Interest Payments Compared to Earnings
  • Declining Revenue every quarter for the past 3 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 70.4
R2 71.2
R3 72.1
Pivot

69.48

S1 68.7
S2 67.8
S3 67.0
EMA SMA
65.1
61.5
60.2
57.4
64.8
58.2
59.8
60.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
EMPLOYEES RETIREMENT SYSTEM OF TEXAS - SELF MANAGED PORTFOLIO Bulk Purchase 2021-10-12 49.63 2557922 NSE
CHETAN RASIKLAL SHAH Bulk Purchase 2021-09-09 38.6 1500000 NSE
CHETAN RASIKLAL SHAH Bulk Sell 2021-09-09 38.6 2500000 NSE
Name Category Shares
Jalgaon Investments Private Limited PROMOTER 18.26%
Cosmos Investments Private Ltd PROMOTER 4.82%
JAF Products Pvt. Ltd. PROMOTER 2.11%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Jain Irrigation Systems Ltd Stocks COMPARISON

Financials( in Cr) Jain Irrigation Systems Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 69.70 5,612.75 2,303.00 295.50 2,079.05
% Change 3.34 4.06 4.09 -3.07 2.82
Mcap Cr 4,652.25 71,297.08 61,864.80 18,335.10 10,138.90
Revenue TTM Cr 6,907.59 9,201.59 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 831.95 865.33 472.50 250.70 125.09
PE TTM 49.59 66.42 104.24 38.92 58.46
1 Year Return 82.22 100.49 36.74 57.73 66.67
ROCE 4.00 26.65 25.53 6.42 37.54
ROE 19.16 20.99 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,135.80 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33
Jain Irrigation Systems Limited - Investor Presentation

May 18, 2024 l NSE Announcement

NSE Board Meetings Forthcomming

May 18, 2024 l NSE Board Meetings Forthcomming

Board Meeting for Today

May 18, 2024 l Board Meetings for Today

Date Action Type Ratio
No data found

Jain Irrigation Systems Ltd Information

Stock PE (TTM)
49.59
Promoter Holding
26.12%
Book Value
81.4687
ROCE
4%
ROE
19.16%
Description
  • Jain Irrigation Systems Ltd is a micro-irrigation company that manufactures a full range of precision irrigation products and a range of pipes. The company, headquartered in Jalgaon, Maharashtra, was founded in 1986. It has offices in 20 Indian cities. 

    It is one of India’s leading manufacturers of irrigation devices and other agricultural appliances. Some products included in its High-Tech Agri Input Products Division are sprinkler irrigation systems, solar agro pumps, tissue culture plants, and integrated irrigation projects. The company has a line of plastic products such as polyvinyl chloride pipes and polyethene pipes, engages in agro-procession, and invests in solar energy generation. 

    Jain Irrigation Systems Ltd is listed on the Bombay Stock Exchange with code 500219 and on the National Stock Exchange with the ticker JISLDVREQS. Jain Irrigation Systems Ltd’s market capitalisation was Rs 2,010 crore on November 24, 2022.

    Until the third quarter of 2022, Jain Irrigation Systems Ltd earned Rs 7,119 crore in revenue, up 25.6% from the previous year’s revenue of Rs 5,667 crore. The company made a profit of Rs 325 crore in 2022, up by 221.9% from 2021.   

    Jain Irrigation Systems Ltd’s DVR shares are offered at a discounted price. Altogether, 69.63% of the Jain Irrigation Systems Ltd DVR shares are owned by retail shareholders. The promoters own the remaining 30.37% shares as of November 24, 2022.

    Ashok Bhavarlal Jain is the chairman of Jain Irrigation Systems Ltd. He is the eldest son of  Bhavarlal Jain, the founder of Jain Irrigation Systems Ltd., and has been working in the agriculture industry for the past four decades.

    On November 24, 2022, Jain Irrigation Systems Ltd. DVR share price closed at Rs 18.95 on NSE, up 1.88% from the previous close at Rs 18.60. Jain Irrigation Systems Ltd DVR share prices have risen by 86.70% over the past three years and dropped by 27.39% in the past 12 months. As of November 24, 2022, the share’s 52-week high was Rs 28.20, and the 52-week low was Rs 17.00.  

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

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

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

Big Share Services Pvt Ltd

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

FAQ’s on Jain Irrigation Systems Ltd Shares

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 May 17, 2024 03:55 PM the closing price of Jain Irrigation Systems Ltd was Rs.69.70.

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 May 17, 2024 03:55 PM, the market cap of Jain Irrigation Systems Ltd stood at Rs. 4,652.25.

The latest PE ratio of Jain Irrigation Systems Ltd as of May 17, 2024 03:55 PM is 49.59

The latest PB ratio of Jain Irrigation Systems Ltd as of May 17, 2024 03:55 PM is 1.17

The 52-week high of Jain Irrigation Systems Ltd share price is Rs. 73.45 while the 52-week low is Rs. 36.95

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