Jain Irrigation Systems

Jain Irrigation Systems Limited was founded in the year 1986 in Jalgaon, Maharashtra. It is the one of the largest micro irrigation companies globally manufacturing the full range of products and services for the sector. The company provides services from soil survey, engineering design to agronomic support. The company manufactures an extensive range in pipes and fittings for irrigation purposes.

Jain Irrigation ventured into the large-scale commercial farming by implementing MIS in corporate agriculture projects in the year 1994. During the same year, the company implemented a 100% export-oriented unit with a separate factory at Bambhori in Jalgaon for the manufacturing of polytubes. The company also entered into an MOU with a South African entity for production and marketing of their newly developed sprinklers. The company’s subsidiaries, Jain Plastics & Chemicals Ltd, Jain Kemira Fertilisers Ltd and Jain Rahan Biotech Ltd were amalgamated into the parent entity in 1996.

The company increased the production capacity of PVC pipes to over 35,600 tons per annum in 1997. This facilitated the company becoming the largest single producer of PVC pipes in the country.

The company has pioneered in introducing modern irrigation systems backed by innovative technologies. Jain Irrigation aims to protect the interest of the agriculture community through better utilisation of the natural resources and by minimising the wastage of water.

The company has made a technical collaboration with RIS of Italy for drip irrigation systems and with Chapin Watermatics of the United States for multi-chambered drip irrigation.

The market capitalisation of Jain Irrigation Systems Limited stood at nearly ₹4,300 crore as of January 25, 2024. Jain Irrigation share price has surged over 220% in the last three years.

Business operations

The company’s operations are spread globally. Jain Irrigation operates 33 manufacturing facilities located across four different continents. The company has a presence in over 126 countries. Its distribution network comprises 11,000 dealers. The company caters to over 10 million farmers globally.

Besides being a leader in the irrigation industry, the company has entered the market of fruit processing mainly tropical fruits such as mango, banana, papaya, guava and pomegranate to develop products of puree, pulp and concentrates.

The company’s hi-tech Agri research institute consists of over 1500 agriculture scientists, engineers and technicians offering end to end services. These services include complete project planning, application process, conversion of waste land, crop agronomy and protected cultivation. The company’s food processing subsidiary Jain Farms Fresh Foods Limited has set up a food processing unit in Jalgaon. The company also produces and supplies frozen vegetables and fruits globally.

Financial Highlights

The company’s consolidated revenue stood at ₹5,814.39 crore in FY23. The company reported profit after tax at ₹832 crore in FY23. Its earnings per share (EPS) stood at ₹13.33 in FY23.