Jain Irrigation (JI) is India’s largest player in micro irrigation with a market share of 55% and 35% in drip and sprinkler irrigation respectively. Globally it ranks second to Israel’s netafim. Additionally JI is a leading player in PVC pipes (15% market share), PE pipes (30% market share), PVC sheets, Onion & Vegetable Dehydration and Fruit processing. We are positive on the current business strategy of the company to focus on strengthening balance sheet over the next 12 to 18 months.
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Jain Irrigation (JI) is India’s largest player in micro irrigation with a market share of 55% and 35% in drip and sprinkler irrigation respectively. Globally it ranks second to Israel’s netafim. Additionally JI is a leading player in PVC pipes (15% market share), PE pipes (30% market share), PVC sheets, Onion & Vegetable Dehydration and Fruit processing. We are positive on the current business strategy of the company to focus on strengthening balance sheet over the next 12 to 18 months.
Price Outlook : Rs 125 Upside Potential: 45%
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