NSEI:JISLJALEQS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Jain Irrigation Systems

Executive Summary

Jain Irrigation Systems Limited operates as a micro-irrigation company in India, Europe, North America, and internationally. More Details


Snowflake Analysis

Second-rate dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Jain Irrigation Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JISLJALEQS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

JISLJALEQS

3.2%

IN Machinery

1.4%

IN Market


1 Year Return

8.8%

JISLJALEQS

-2.1%

IN Machinery

2.2%

IN Market

Return vs Industry: JISLJALEQS exceeded the Indian Machinery industry which returned -2.1% over the past year.

Return vs Market: JISLJALEQS exceeded the Indian Market which returned 2.2% over the past year.


Shareholder returns

JISLJALEQSIndustryMarket
7 Day-1.0%3.2%1.4%
30 Day2.9%2.5%5.6%
90 Day34.6%13.0%8.5%
1 Year8.8%8.8%-0.4%-2.1%4.0%2.2%
3 Year-85.7%-85.9%-20.5%-24.0%-0.5%-5.3%
5 Year-76.8%-77.4%5.8%-1.2%41.6%31.1%

Price Volatility Vs. Market

How volatile is Jain Irrigation Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jain Irrigation Systems undervalued compared to its fair value and its price relative to the market?

0.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: JISLJALEQS (₹14.2) is trading above our estimate of fair value (₹6.85)

Significantly Below Fair Value: JISLJALEQS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JISLJALEQS is unprofitable, so we can't compare its PE Ratio to the IN Machinery industry average.

PE vs Market: JISLJALEQS is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JISLJALEQS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JISLJALEQS is good value based on its PB Ratio (0.2x) compared to the IN Machinery industry average (1.1x).


Next Steps

Future Growth

How is Jain Irrigation Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Jain Irrigation Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Jain Irrigation Systems performed over the past 5 years?

-41.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JISLJALEQS is currently unprofitable.

Growing Profit Margin: JISLJALEQS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JISLJALEQS is unprofitable, and losses have increased over the past 5 years at a rate of 41.7% per year.

Accelerating Growth: Unable to compare JISLJALEQS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JISLJALEQS is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-19.2%).


Return on Equity

High ROE: JISLJALEQS has a negative Return on Equity (-24.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is Jain Irrigation Systems's financial position?


Financial Position Analysis

Short Term Liabilities: JISLJALEQS's short term assets (₹64.5B) exceed its short term liabilities (₹63.0B).

Long Term Liabilities: JISLJALEQS's short term assets (₹64.5B) exceed its long term liabilities (₹32.7B).


Debt to Equity History and Analysis

Debt Level: JISLJALEQS's debt to equity ratio (176.1%) is considered high.

Reducing Debt: JISLJALEQS's debt to equity ratio has reduced from 184.1% to 176.1% over the past 5 years.

Debt Coverage: JISLJALEQS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if JISLJALEQS's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Jain Irrigation Systems's current dividend yield, its reliability and sustainability?

7.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JISLJALEQS's dividend (7.24%) is higher than the bottom 25% of dividend payers in the Indian market (0.55%).

High Dividend: JISLJALEQS's dividend (7.24%) is in the top 25% of dividend payers in the Indian market (2.28%)


Stability and Growth of Payments

Stable Dividend: JISLJALEQS's dividend payments have been volatile in the past 10 years.

Growing Dividend: JISLJALEQS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

17.9yrs

Average management tenure


CEO

Anil Jain (54 yo)

28.75yrs

Tenure

₹70,738,355

Compensation

Mr. Anil Bhavarlal Jain, B. Com, LLB, has been the Managing Director of Jain Irrigation Systems Limited since 1993 and serves as its Chief Executive Officer. Mr. Jain is responsible for managing overseas b ...


CEO Compensation Analysis

Compensation vs Market: Anil's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD54.90K).

Compensation vs Earnings: Anil's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ashok Jain
Executive Chairman4.67yrs₹70.74m0.28%
₹ 20.3m
Anil Jain
MD & Vice Chairman28.75yrs₹70.74m0.16%
₹ 12.0m
Atul Jain
Joint MD11.08yrs₹70.74m0.038%
₹ 2.7m
Ajit Jain
Joint MD & Executive Director22yrs₹70.74m0.36%
₹ 26.3m
Avdhut Ghodgaonkar
Company Secretary & Chief Compliance Officer no datano data0.045%
₹ 3.3m
R. Swaminathan
Executive Director24.75yrs₹4.19m0.042%
₹ 3.0m
Narinder Gupta
COO & VP of Intl. Business Jain Irrgation USAno datano datano data
Arun Ajgaonkar
Senior President of Corporate Administrationno datano datano data
Anilkumar Mungad
Senior Vice President of Internal Auditsno datano datano data
Sunil Gupta
Executive Vice President of QA Food Processingno datano datano data
Rajiv Deshmukh
Senior Vice President of Bankingno datano datano data
Dongarmal Desarda
Senior Vice President of Indirect Taxationno datano datano data

17.9yrs

Average Tenure

Experienced Management: JISLJALEQS's management team is seasoned and experienced (17.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ashok Jain
Executive Chairman4.67yrs₹70.74m0.28%
₹ 20.3m
Anil Jain
MD & Vice Chairman28.75yrs₹70.74m0.16%
₹ 12.0m
Atul Jain
Joint MD11.08yrs₹70.74m0.038%
₹ 2.7m
Ajit Jain
Joint MD & Executive Director22yrs₹70.74m0.36%
₹ 26.3m
R. Swaminathan
Executive Director24.75yrs₹4.19m0.042%
₹ 3.0m
Radhika Pereira
Independent Director9.17yrs₹3.00m0.0051%
₹ 369.2k
Devendra Mehta
Independent Director12.83yrs₹2.35m0.0051%
₹ 369.2k
Narendra Jadhav
Non-Executive Director0.75yrno datano data
Ghanshyam Dass
Independent Director11.17yrs₹2.50mno data
Harishchand Singh
Independent Director6.17yrs₹2.35mno data
Johannes Bastiaan Mohrmann
Independent Director1.08yrsno datano data
Nancy Barry
Non-Executive Director0.75yrno datano data

7.7yrs

Average Tenure

68yo

Average Age

Experienced Board: JISLJALEQS's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jain Irrigation Systems Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jain Irrigation Systems Limited
  • Ticker: JISLJALEQS
  • Exchange: NSEI
  • Founded: 1963
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: ₹7.254b
  • Shares outstanding: 515.66m
  • Website: https://www.jains.com

Number of Employees


Location

  • Jain Irrigation Systems Limited
  • Jain Plastic Park
  • NH No. 6
  • Jalgaon
  • Maharashtra
  • 425001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500219BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 1999
JISLJALEQSNSEI (National Stock Exchange of India)YesEquity SharesININRDec 1999
570004BSE (Mumbai Stock Exchange)Differential Voting Rights Equity SharesININRNov 2011
JISLDVREQSNSEI (National Stock Exchange of India)Differential Voting Rights Equity SharesININRNov 2011

Biography

Jain Irrigation Systems Limited operates as a micro-irrigation company in India, Europe, North America, and internationally. The company operates through Hi-Tech Agri Input Products, Plastic, Agro Processi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 12:40
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.