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Compare Jain Irrigation with GRINDWELL NORTON - Equitymaster
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JAIN IRRIGATION vs GRINDWELL NORTON - Comparison Results

JAIN IRRIGATION    Change

Jain Irrigation Systems Limited is the pioneer in the field of micro irrigation systems (drip irrigation) in India and commands over 60% share of the market. The company also manufactures plastic sheets and has recently introduced solar water heaters... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    JAIN IRRIGATION GRINDWELL NORTON JAIN IRRIGATION/
GRINDWELL NORTON
 
P/E (TTM) x 27.7 44.5 62.2% View Chart
P/BV x 1.2 6.4 18.8% View Chart
Dividend Yield % 0.7 0.8 85.6%  

Financials

 JAIN IRRIGATION   GRINDWELL NORTON
EQUITY SHARE DATA
    JAIN IRRIGATION
Mar-17
GRINDWELL NORTON
Mar-17
JAIN IRRIGATION/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs109749 14.6%   
Low Rs67309 21.8%   
Sales per share (Unadj.) Rs147.1114.1 128.9%  
Earnings per share (Unadj.) Rs3.810.9 35.1%  
Cash flow per share (Unadj.) Rs10.414.7 70.4%  
Dividends per share (Unadj.) Rs0.754.00 18.8%  
Dividend yield (eoy) %0.80.8 112.2%  
Book value per share (Unadj.) Rs90.480.7 112.0%  
Shares outstanding (eoy) m460.17110.72 415.6%   
Bonus/Rights/Conversions -B-  
Price / Sales ratio x0.64.6 13.0%   
Avg P/E ratio x23.148.4 47.6%  
P/CF ratio (eoy) x8.535.9 23.7%  
Price / Book Value ratio x1.06.6 14.9%  
Dividend payout %19.636.6 53.5%   
Avg Mkt Cap Rs m40,63358,527 69.4%   
No. of employees `0009.81.9 528.1%   
Total wages/salary Rs m7,3831,702 433.8%   
Avg. sales/employee Rs Th6,929.26,829.0 101.5%   
Avg. wages/employee Rs Th755.7920.1 82.1%   
Avg. net profit/employee Rs Th180.4653.5 27.6%   
INCOME DATA
Net Sales Rs m67,69812,634 535.9%  
Other income Rs m612309 198.4%   
Total revenues Rs m68,31012,942 527.8%   
Gross profit Rs m9,4251,931 488.0%  
Depreciation Rs m3,014423 713.3%   
Interest Rs m4,59420 22,853.2%   
Profit before tax Rs m2,4301,797 135.2%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m667588 113.4%   
Profit after tax Rs m1,7621,209 145.8%  
Gross profit margin %13.915.3 91.1%  
Effective tax rate %27.532.7 83.9%   
Net profit margin %2.69.6 27.2%  
BALANCE SHEET DATA
Current assets Rs m57,7986,748 856.6%   
Current liabilities Rs m40,5382,615 1,550.3%   
Net working cap to sales %25.532.7 77.9%  
Current ratio x1.42.6 55.3%  
Inventory Days Days12271 171.6%  
Debtors Days Days12337 334.3%  
Net fixed assets Rs m44,2143,743 1,181.1%   
Share capital Rs m959554 173.2%   
"Free" reserves Rs m40,6198,377 484.9%   
Net worth Rs m41,5788,930 465.6%   
Long term debt Rs m22,19919 115,619.8%   
Total assets Rs m111,55512,099 922.0%  
Interest coverage x1.590.4 1.7%   
Debt to equity ratio x0.50 24,833.3%  
Sales to assets ratio x0.61.0 58.1%   
Return on assets %5.710.2 56.1%  
Return on equity %4.213.5 31.3%  
Return on capital %11.020.3 54.2%  
Exports to sales %4.70-   
Imports to sales %7.30-   
Exports (fob) Rs m3,183NA-   
Imports (cif) Rs m4,923NA-   
Fx inflow Rs m3,1831,953 163.0%   
Fx outflow Rs m5,8493,866 151.3%   
Net fx Rs m-2,667-1,913 139.4%   
CASH FLOW
From Operations Rs m6,7381,611 418.3%  
From Investments Rs m-4,169-328 1,270.3%  
From Financial Activity Rs m-5,20025 -20,965.7%  
Net Cashflow Rs m-2,6310-  

Share Holding

Indian Promoters % 30.4 7.7 394.8%  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 0.5 10.1 4.9%  
FIIs % 3.3 3.0 110.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 65.9 27.9 236.2%  
Shareholders   54,175 12,133 446.5%  
Pledged promoter(s) holding % 36.1 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare JAIN IRRIGATION With:   SIEMENS  KIRLOSKAR INDUSTRIES  AUSTIN ENGG.  TEXMACO INFRA  KIRLOSKAR BROS.  

Compare JAIN IRRIGATION With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  



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