CMP: 98

Jain Irrigation Systems Ltd. manufactures micro-irrigation systems, plastic pipes and plastic sheets, as well as processes horticulture in India. The Company's irrigation systems include both drip and sprinkler systems.

In the art of stock investing, avoiding majority of the stocks is the key. Even bad stocks rise along with markets, but they all eventually fall more. Jain Irrigation is one among the many to be avoided. It runs at a debt of 2200 Crores with 380 Crores cash in hand. Profits have risen from 91 Crores to 295 Crores in the last 5 years. Debt to Profits ratio is still high at 7. Profits dipped heavily last quarter which is signs of running out of gas for a debt loaded company. There's more pain than gain hereon for this company. Stay away and Avoid.