Who is the owner of Jain Irrigation?
You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of Jain Irrigation Systems Ltd….PREMARKET.
| Management | |
|---|---|
| Ajit B Jain | Joint Managing Director |
| Anil B Jain | Vice Chairman & Mng.Director |
| Ashok B Jain | Whole Time Director |
| Atul B Jain | Joint Managing Director & CFO |
What is wrong 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.
What is the business of Jain Irrigation?
We have reached to over 10 million farmers. We are the largest Micro-Irrigation company in the world. The Micro-Irrigation Division manufactures a full range of precision-irrigation products. Jain irrigation provides services from soil survey, engineering design to agronomic support.
Why are Jain Irrigation shares rising?
The Jalgaon, Maharashtra-based company attributed the rise in debt to delays in receiving payments from the government in its micro-irrigation business. Some assembly polls and the general elections were the reasons the payments have not been cleared, it said.
Should you invest in Jain Irrigation?
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.
Is Jain Irrigation debt free?
Jain Irrigation Systems has successfully implemented the debt resolution effective 25 March 2022. The total amount of the debt restructured is Rs 3878 crore. About 40% of the total debt has been converted into long term non-convertible debentures at an interest rate of 0.01%.
Should I hold Jain Irrigation share?
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.
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.
Should I buy Jain Irrigation?
What is the cost of 1 acre of drip irrigation?
Drip irrigation system cost per acre For vegetable crop will come around Rs. 50,000–65,000 per acre approximately and For fruits crop, if planted in the 3X3 pattern cost per acre for drip irrigation system come around 35,000- 40,000 approximately.
Who is Jain Irrigation?
The name Jain Irrigation, Inc. reflects our strategy to grow as a provider of quality water handling systems through acquisition and development of proprietary branded products. Drop us a line for any sales and support requests and we will get back to you ASAP.
What are your office hours for installing an irrigation system?
Our office hours are Monday – Friday: 8am – 5pm Local Time. Irrigation systems can be complicated and expensive. Once you decide to install a system, you want to ensure it is done right, so you don’t
Are irrigation systems difficult to install?
Irrigation systems can be complicated and expensive. Once you decide to install a system, you want to ensure it is done right, so you don’t “If you can’t measure it, you can’t improve it.” – Peter Drucker We all know this term and understand the meaning, yet often, collecting