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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 4.6 37.1 12.3% View Chart
P/BV x 0.2 6.3 3.2% View Chart
Dividend Yield % 5.1 0.9 574.6%  

Financials

 JAIN IRRIGATION   GRINDWELL NORTON
EQUITY SHARE DATA
    JAIN IRRIGATION
Mar-18
GRINDWELL NORTON
Mar-18
JAIN IRRIGATION/
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs150560 26.9%   
Low Rs83348 23.8%   
Sales per share (Unadj.) Rs160.1129.2 123.9%  
Earnings per share (Unadj.) Rs4.513.6 32.7%  
Cash flow per share (Unadj.) Rs11.317.7 63.8%  
Dividends per share (Unadj.) Rs1.005.00 20.0%  
Dividend yield (eoy) %0.91.1 77.9%  
Book value per share (Unadj.) Rs87.789.5 98.0%  
Shares outstanding (eoy) m496.37110.72 448.3%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x0.73.5 20.7%   
Avg P/E ratio x26.233.3 78.5%  
P/CF ratio (eoy) x10.325.7 40.2%  
Price / Book Value ratio x1.35.1 26.2%  
Dividend payout %22.436.7 61.1%   
Avg Mkt Cap Rs m57,87750,272 115.1%   
No. of employees `0008.21.8 448.9%   
Total wages/salary Rs m8,8901,768 502.8%   
Avg. sales/employee Rs Th9,726.87,862.5 123.7%   
Avg. wages/employee Rs Th1,088.1971.4 112.0%   
Avg. net profit/employee Rs Th270.9829.1 32.7%   
INCOME DATA
Net Sales Rs m79,46814,310 555.3%  
Other income Rs m573270 212.6%   
Total revenues Rs m80,04114,579 549.0%   
Gross profit Rs m10,5912,469 429.0%  
Depreciation Rs m3,386448 755.1%   
Interest Rs m4,78615 31,280.4%   
Profit before tax Rs m2,9922,275 131.5%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m779766 101.7%   
Profit after tax Rs m2,2131,509 146.7%  
Gross profit margin %13.317.3 77.2%  
Effective tax rate %26.033.7 77.3%   
Net profit margin %2.810.5 26.4%  
BALANCE SHEET DATA
Current assets Rs m63,8997,764 823.0%   
Current liabilities Rs m45,6732,930 1,558.7%   
Net working cap to sales %22.933.8 67.9%  
Current ratio x1.42.6 52.8%  
Inventory Days Days11369 162.7%  
Debtors Days Days11645 257.0%  
Net fixed assets Rs m46,7583,667 1,275.0%   
Share capital Rs m1,031554 186.3%   
"Free" reserves Rs m42,4799,352 454.2%   
Net worth Rs m43,5119,905 439.3%   
Long term debt Rs m26,4890-   
Total assets Rs m122,67913,438 912.9%  
Interest coverage x1.6149.7 1.1%   
Debt to equity ratio x0.60-  
Sales to assets ratio x0.61.1 60.8%   
Return on assets %5.711.3 50.3%  
Return on equity %5.115.2 33.4%  
Return on capital %11.123.1 48.1%  
Exports to sales %4.50-   
Imports to sales %7.20-   
Exports (fob) Rs m3,553NA-   
Imports (cif) Rs m5,694NA-   
Fx inflow Rs m3,5532,427 146.4%   
Fx outflow Rs m6,8545,057 135.5%   
Net fx Rs m-3,301-2,630 125.5%   
CASH FLOW
From Operations Rs m13,1261,337 981.7%  
From Investments Rs m-10,597-458 2,313.2%  
From Financial Activity Rs m-1,672-601 278.1%  
Net Cashflow Rs m858299 287.1%  

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:   PRAJ IND.LTD  PUNJ LLOYD   LAKSHMI MACHINE  TECHNO ELECTRIC  SUZLON ENERGY  

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



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Related Views on News

GRINDWELL NORTON Announces Quarterly Results (1QFY20); Net Profit Down 1.6% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, GRINDWELL NORTON has posted a net profit of Rs 429 m (down 1.6% YoY). Sales on the other hand came in at Rs 4 bn (up 7.9% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

GRINDWELL NORTON Announces Quarterly Results (4QFY19); Net Profit Down 3.4% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, GRINDWELL NORTON has posted a net profit of Rs 428 m (down 3.4% YoY). Sales on the other hand came in at Rs 4 bn (up 5.7% YoY). Read on for a complete analysis of GRINDWELL NORTON's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

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JAIN IRRIGATION Announces Quarterly Results (4QFY19); Net Profit Down 39.2% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, JAIN IRRIGATION has posted a net profit of Rs 555 m (down 39.2% YoY). Sales on the other hand came in at Rs 26 bn (down 7.0% YoY). Read on for a complete analysis of JAIN IRRIGATION's quarterly results.

JAIN IRRIGATION Announces Quarterly Results (3QFY19); Net Profit Up 36.5% (Quarterly Result Update)

Feb 19, 2019 | Updated on Feb 19, 2019

For the quarter ended December 2018, JAIN IRRIGATION has posted a net profit of Rs 911 m (up 36.5% YoY). Sales on the other hand came in at Rs 20 bn (up 7.8% YoY). Read on for a complete analysis of JAIN IRRIGATION's quarterly results.

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