What is the future of Jain Irrigation?
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.
Should I buy Jain Irrigation share?
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.
Why is Jain Irrigation going down?
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.
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.
Is Jain Irrigation debt free?
What Is Jain Irrigation Systems’s Debt? The chart below, which you can click on for greater detail, shows that Jain Irrigation Systems had ₹60.9b in debt in September 2020; about the same as the year before. However, because it has a cash reserve of ₹3.39b, its net debt is less, at about ₹57.5b.
What is the issue with Jain Irrigation?
The trouble for Jain Irrigation began after it reportedly failed to secure payments from the government despite executing irrigation projects based on government subsidies. had also downgraded it to ‘D’ last year due to a delay in servicing debt.
What does Jain Irrigation do?
Jain irrigation provides services from soil survey, engineering design to agronomic support. It nurtures a sprawling 2300 acre Hi-Tech Agri Institute; a Farm Resource R&D, Demo, Training & Extension Centre.
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Is suzlon a multibagger?
About Multibagger Stock Suzlon Energy It has installed over 22,500 megawatts (MW) of wind energy across 30 countries and a workforce of over 10,000. It is fully committed to the development of the renewable energy sector in the country.
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.
Can Jain Irrigation emerge from this debt trap?
“We see Jain Irrigation as being caught in a debt trap, as working capital and interest payments have been eating into operating cash flows, leaving negligible amounts for debt repayments,” wrote Amit Murarka, an analyst with Deutsche Bank Research, after JISL announced quarterly results in May.
What is the problem with Jain Irrigation?
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.