Is Jain Irrigation share is good to buy?
Based on the last year’s worth of payments, Jain Irrigation Systems stock has a trailing yield of around 5.2% on the current share price of ₹19.05. If you buy this business for its dividend, you should have an idea of whether Jain Irrigation Systems’s dividend is reliable and sustainable.
Who is the owner of Jain Irrigation?
Shri Ashok Bhavarlal Jain
Shri Ashok Bhavarlal Jain, Chairperson, Executive Director Ashok Jain is the Chairman of Jain Irrigation Systems Limited and a well-known entrepreneur working for agriculture for the past over 4 decades. He is 56 years old and is the eldest son of Late Dr. Bhavarlal Jain, the Founder Chairman.
What does Jain Irrigation do?
It develops, manufactures, supports and sells diversified products, including drip and sprinkler irrigation systems and its components, integrated irrigation automation systems for monitoring and control, dosing systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar power, solar water- …
What is the business of Jain Irrigation?
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.
What is wrong with Jain Irrigation?
Rating firms had downgraded the company due to delay in servicing debt. Last year, S&P had downgraded it to ‘D’ (default grade) for missing interest payments due on February 1, 2020. Similarly, Care Ratings had downgraded Jain Irrigation to ‘D’ in 2019 due to a delay in servicing debt.
Is Jain Irrigation a multibagger?
Jain Irrigation slipped from its all-time highs of Rs 145.60 per share recorded in January 2018 to Rs 3.30 per share in March, 2020. The stock tanked almost 98 percent from its record highs.
Why did Jain Irrigation fall today?
Shares of Jain Irrigation, a farm machinery and equipment manufacturer, declined as much as 27 per cent on Tuesday after one of the rating agencies downgraded its long-term debt rating. Apart from high debt, seasonality of the business and government policies could be key risks for the company, said analysts.
Is Jain Irrigation a good company?
Overall a good company I am working at Jain Irrigation Systems full-time for more than 10 year now, Management is OK and salaries/benefits are good. If you want knowledge and experience in Irrigation sector, you must work here.
Will Jain Irrigation survive?
Some good news is expected in Jain Irrigation, resolution plan has been approved after discussion with the lenders and debt restructuring will happen in the company. Sustainable debt for the company will happen at 9% and unsustainable debt will happen at 0% for a period of 8 years.
What went wrong with Jain Irrigation?
The company ran into trouble after executing irrigation projects based on government subsidies. After completing the projects, it failed to recover money from the government and receivable piled up over the years amid increasing debt burden.
Why did Jain Irrigation fail?
The trouble for Jain Irrigation began after it reportedly failed to secure payments from the government despite executing irrigation projects based on government subsidies. The debt pile, liquidity issues and delay in servicing debt prompted rating firms to downgrade the company.
What is the future of Jain Irrigation System?
Jain Irrigation will operate in 3 different segments / divisions in future and the interest cost will reduce from Rs 400 cr to Rs 200 cr. Sustainable debt for the company will happen at 9% and unsustainable debt will happen at 0% for a period of 8 years. This is the entire restructuring plan of the company.
Is Jain Irrigation systems making profit in 2021?
Jain Irrigation Systems… Company has posted a profit of Rs 49.11 cr in Mar 31, 2021 quarter after 3 consecutive quarter of losses. (Source: Consolidated Financials) Company witnessed QoQ revenue growth of 33.69%, which is highest in the last 3 years.
What is Jain irrigation sys inventory turnover ratio?
It measures how many times a company has sold and replaced its inventory during a certain period of time. Jain Irrigation Sys has an Inventory turnover ratio of 2.93 which shows that the management is inefficient in relation to its Inventory and working capital management.
Is Jain irrigation sys’s Roe good or bad?
Jain Irrigation Sys has a ROE of 5.05 % . (higher is better) Debt to equity ratio: – It is a good metric to check out the capital structure along with its performance. Jain Irrigation Sys has a D/E ratio of 0.35 which means that the company has low proportion of debt in its capital.