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Jain Irrigation Systems Limited
Micro-irrigation systems, PVC pipes and processed foods manufacturer
Industrials›Capital Goods›Industrial Products›Plastic Products - Industrial
jains.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹18.53
Market cap
36 Cr
P/B
0.23
Dividend yield
0.5%
ROE (FY25)
0.6%
ROCE (FY25)
5.0%
Operating margin (FY25)
8.1%
Debt / equity (FY25)
0.67
OCF / EBITDA (FY25)
117.3%
OCF / EBITDA (3Y)
65.4%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Jain Irrigation (Jain Irrigation Systems) makes micro-irrigation and drip systems, plastic pipes and sheets, and processed food and beverages, selling to farmers and to government irrigation projects.
Company snapshot
19thBy market cap
Ranked among 20 companies in Plastic Products - Industrial.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 33.8% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Agro Processing Division | 33.3% | 1,341 Cr | 44 Cr | — |
| Hi-tech Agri Input Products | 32.7% | 1,318 Cr | 226 Cr | — |
| Other Business Division | 0.3% | 10 Cr | -7 Cr | — |
| Plastic Division | 33.8% | 1,361 Cr | 174 Cr | — |
What we see
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,701 Cr | 1,362 Cr | 1,358 Cr | 1,727 Cr | 1,478 Cr | 1,192 Cr | 1,361 Cr | 1,749 Cr | 1,546 Cr | 1,432 Cr | 1,598 Cr | 1,508 Cr |
| Operating expenses (approx.) | 1,482 Cr | 1,184 Cr | 1,193 Cr | 1,503 Cr | 1,299 Cr | 1,051 Cr | 1,185 Cr | 1,525 Cr | 1,344 Cr | 1,234 Cr | 1,432 Cr | 1,344 Cr |
| EBITDA | 219 Cr | 178 Cr | 165 Cr | 224 Cr | 179 Cr | 141 Cr | 176 Cr | 223 Cr | 202 Cr | 198 Cr | 166 Cr | 164 Cr |
| OPM % | 12.9% | 13.0% | 12.2% | 13.0% | 12.1% | 11.8% | 12.9% | 12.8% | 13.1% | 13.8% | 10.4% | 10.9% |
| Other income | 2 Cr | 2 Cr | 6 Cr | -7 Cr | 1 Cr | 9 Cr | 2 Cr | 1 Cr | 2 Cr | 6 Cr | 5 Cr | 10 Cr |
| Interest | 105 Cr | 99 Cr | 108 Cr | 106 Cr | 103 Cr | 105 Cr | 113 Cr | 111 Cr | 114 Cr | 116 Cr | 112 Cr | 111 Cr |
| Depreciation | 59 Cr | 60 Cr | 59 Cr | 65 Cr | 61 Cr | 62 Cr | 63 Cr | 67 Cr | 68 Cr | 70 Cr | 69 Cr | 74 Cr |
| Profit before tax | 55 Cr | 17 Cr | 11 Cr | -3 Cr | 16 Cr | -17 Cr | 1 Cr | 46 Cr | 21 Cr | 18 Cr | -49 Cr | -10 Cr |
| Tax % | 33.1% | 50.5% | 21.4% | -269.6% | 21.4% | 21.5% | 185.3% | 39.8% | 46.5% | 13.8% | 2.9% | -82.9% |
| Net profit | 37 Cr | 8 Cr | 9 Cr | -11 Cr | 12 Cr | -13 Cr | -1 Cr | 28 Cr | 11 Cr | 15 Cr | -47 Cr | -18 Cr |
| EPS (₹) | ₹0.56 | ₹0.11 | ₹0.14 | ₹-0.14 | ₹0.20 | ₹-0.14 | ₹0.01 | ₹0.84 | ₹0.20 | ₹0.21 | ₹-0.57 | ₹-0.20 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,939 Cr | 7,999 Cr | 8,577 Cr | 6,216 Cr | 5,667 Cr | 7,119 Cr | 5,748 Cr | 6,147 Cr | 5,779 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 5,999 Cr | 6,944 Cr | 7,651 Cr | 6,290 Cr | 5,319 Cr | 6,411 Cr | 5,076 Cr | 5,363 Cr | 5,061 Cr | Sign in free for the trailing twelve months |
| EBITDA | 940 Cr | 1,055 Cr | 926 Cr | -74 Cr | 348 Cr | 709 Cr | 671 Cr | 784 Cr | 719 Cr | Sign in free for the trailing twelve months |
| OPM % | 13.5% | 13.2% | 10.8% | -1.2% | 6.1% | 10.0% | 11.7% | 12.8% | 12.4% | Sign in free for the trailing twelve months |
| Other income | 61 Cr | 57 Cr | 271 Cr | 108 Cr | 146 Cr | 19 Cr | 14 Cr | 5 Cr | 14 Cr | Sign in free for the trailing twelve months |
| Interest | 459 Cr | 479 Cr | 514 Cr | 688 Cr | 746 Cr | 558 Cr | 469 Cr | 419 Cr | 433 Cr | Sign in free for the trailing twelve months |
| Depreciation | 301 Cr | 339 Cr | 313 Cr | 366 Cr | 351 Cr | 337 Cr | 236 Cr | 243 Cr | 253 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 243 Cr | 299 Cr | 374 Cr | -1,020 Cr | -620 Cr | 422 Cr | 1,200 Cr | 79 Cr | 46 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.5% | 26.0% | 32.1% | 29.5% | 35.1% | 22.0% | 1.3% | 46.1% | 44.7% | Sign in free for the trailing twelve months |
| Net profit | 176 Cr | 221 Cr | 254 Cr | -719 Cr | -403 Cr | 329 Cr | 832 Cr | 43 Cr | 26 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹3.29 | ₹4.25 | ₹4.64 | ₹-13.87 | ₹-7.67 | ₹12.30 | ₹13.33 | ₹0.67 | ₹0.98 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | 0.0% | 0.0% | 0.3% | 0.7% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 96 Cr | 103 Cr | 103 Cr | 103 Cr | 103 Cr | 122 Cr | 125 Cr | 137 Cr | 138 Cr |
| Reserves | 4,062 Cr | 4,248 Cr | 4,310 Cr | 3,368 Cr | 2,865 Cr | 3,534 Cr | 5,056 Cr | 5,304 Cr | 5,482 Cr |
| Borrowings | 3,455 Cr | 4,147 Cr | 4,856 Cr | 6,366 Cr | 6,341 Cr | 6,623 Cr | 3,908 Cr | 3,954 Cr | 3,773 Cr |
| Other liabilities | 3,434 Cr | 3,640 Cr | 3,468 Cr | 3,202 Cr | 3,262 Cr | 2,196 Cr | 1,819 Cr | 1,665 Cr | 1,916 Cr |
| Total liabilities | 11,155 Cr | 12,268 Cr | 12,879 Cr | 13,182 Cr | 12,683 Cr | 12,593 Cr | 11,003 Cr | 11,198 Cr | 11,449 Cr |
| Fixed assets (net) | 4,357 Cr | 4,554 Cr | 4,687 Cr | 4,824 Cr | 4,470 Cr | 4,316 Cr | 3,885 Cr | 3,925 Cr | 3,936 Cr |
| CWIP | 64 Cr | 122 Cr | 139 Cr | 56 Cr | 21 Cr | 25 Cr | 32 Cr | 26 Cr | 44 Cr |
| Investments | 81 Cr | 85 Cr | 107 Cr | 109 Cr | 108 Cr | 270 Cr | 1,159 Cr | 1,204 Cr | 1,234 Cr |
| Loans & advances | — | — | 43 Cr | 64 Cr | 52 Cr | 44 Cr | 23 Cr | 37 Cr | 29 Cr |
| Inventories | 2,258 Cr | 2,457 Cr | 2,484 Cr | 2,176 Cr | 2,005 Cr | 2,234 Cr | 1,906 Cr | 1,971 Cr | 2,009 Cr |
| Trade receivables | 2,282 Cr | 2,527 Cr | 2,995 Cr | 2,816 Cr | 2,490 Cr | 2,350 Cr | 2,187 Cr | 2,221 Cr | 2,122 Cr |
| Cash & bank | 111 Cr | 197 Cr | 117 Cr | 230 Cr | 410 Cr | 300 Cr | 118 Cr | 88 Cr | 80 Cr |
| Other assets | 2,002 Cr | 2,327 Cr | 2,307 Cr | 2,907 Cr | 3,128 Cr | 3,053 Cr | 1,695 Cr | 1,726 Cr | 1,995 Cr |
| Total assets | 11,155 Cr | 12,268 Cr | 12,879 Cr | 13,182 Cr | 12,683 Cr | 12,593 Cr | 11,003 Cr | 11,198 Cr | 11,449 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 674 Cr | 1,313 Cr | 156 Cr | -675 Cr | 302 Cr | 476 Cr | 45 Cr | 535 Cr | 843 Cr |
| Cash from investing | -417 Cr | -1,060 Cr | -346 Cr | -258 Cr | -287 Cr | -194 Cr | 3,138 Cr | -315 Cr | -229 Cr |
| Cash from financing | -520 Cr | -167 Cr | 110 Cr | 1,046 Cr | -15 Cr | -385 Cr | -3,365 Cr | -250 Cr | -621 Cr |
| Net cash flow | -263 Cr | 86 Cr | -80 Cr | 113 Cr | 167 Cr | -104 Cr | -182 Cr | -30 Cr | -7 Cr |
| Free cash flow (OCF − Capex) | 368 Cr | 784 Cr | -234 Cr | -955 Cr | 302 Cr | 303 Cr | -115 Cr | 307 Cr | 597 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9.1% | 9.0% | 9.4% | -3.3% | 1.3% | 9.4% | 18.2% | 5.2% | 5.0% |
| ROE % | 4.0% | 4.9% | 5.2% | -19.8% | -12.9% | 8.6% | 15.7% | 0.8% | 0.6% |
| Debtor days | 120 | 115 | 127 | 165 | 160 | 120 | 138 | 132 | 134 |
| Inventory days | 207 | 206 | 194 | 245 | 247 | 201 | 216 | 205 | 224 |
| Days payable | 141 | 167 | 137 | 127 | 118 | 98 | 113 | 89 | 107 |
| Cash conversion cycle | 186 | 154 | 184 | 284 | 289 | 223 | 241 | 248 | 251 |
| OCF / EBITDA % | 71.7% | 124.4% | 16.9% | — | 86.8% | 67.2% | 6.7% | 68.2% | 117.3% |
| OCF / EBITDA % (3 years) | — | — | 73.4% | 41.7% | -18.0% | 10.6% | 47.6% | 48.8% | 65.4% |
| Debt / equity | 0.83 | 0.95 | 1.10 | 1.83 | 2.14 | 1.81 | 0.75 | 0.73 | 0.67 |
| Current ratio | 1.43 | 1.40 | 1.38 | 1.01 | 0.93 | 1.29 | 1.27 | 1.36 | 1.31 |
| Net debt / EBITDA | 3.56 | — | 5.12 | — | 17.04 | 8.92 | 5.65 | 4.93 | 5.14 |