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Jain Irrigation Systems Ltd. Investor Presentation 2026

May 15, 2026

58977_rns_2026-05-15_73457afe-3d05-46fb-8e80-6d52e2df0cab.pdf

Investor Presentation

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Jain

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.®

Regd. Office: Jain Plastic Park, P.O.Box: 72, N.H.No. 53, Jalgaon - 425 001. India.

Tel: +91-257-2258011; Fax: +91-257-2258111; E-mail: [email protected]; Visit us at: www.jains.com

CIN: L29120MH1986PLC042028

JISL/SEC/2026/05/B-2/B-6

May 15, 2026

To,

BSE Ltd.,

Corporate Relationship Department,

1st Floor, New Trading Wing, Rotunda Building,

P. J. Tower, Dalal Street,

Mumbai - 400 001.

Email: [email protected]

To,

National Stock Exchange of India Ltd.,

Exchange Plaza, C-1, Block G,

Bandra Kurla Complex,

Bandra (East),

Mumbai - 400 051.

Email: [email protected]

Ref: Code No. 500219 (BSE) & JISLJALEQS (NSE) for Ordinary Equity Shares

Code No. 570004 (BSE) & JISLDVREQS (NSE) for DVR Equity Shares

Sub: Investor Communication Q4/FY26

Dear Sir/Madam,

Please find enclosed herewith the Investor Communication issued by the Company after the Board Meeting held on May 15, 2026, for adoption of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 for your record and reference.

Please receive the above in order and acknowledge.

Thanking you,

Yours faithfully,

For Jain Irrigation Systems Ltd.

AVDHUT

VASANT

GHODGAONKAR

Digitally signed by

AVDHUT VASANT

GHODGAONKAR

Date: 2026.05.15

12:45:45 +05'30'

A. V. Ghodgaonkar

Company Secretary

Encl: a/a


Jain®

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.®

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Financial Review

Q4 & FY26

15-May-2026

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"Leave this world

better than you found it"

Shri. Bhavarlal H. Jain (1937-2016)

Founder


Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.®

About the Company

  • Jain Irrigation Systems Ltd (JISL), with its Corporate Mission "Leave this world better than you found it" is a leading diversified entity since 1986.
  • JISL has done pioneering work in water-management through Micro Irrigation in India. We have successfully introduced some hi-tech concepts to Indian agriculture such as 'Integrated System Approach', One-Stop-Shop for Farmer, 'Infrastructure Status to Micro Irrigation & Farm as Industry
  • JISL is also a worlds largest tissue culture company in Banana plantations with more than 140 million plants annually
  • We have a global presence with 19 manufacturing bases spread over four continents. Our products are supplied to 126+ countries with able assistance from 4,000+ dealers and distributors worldwide. We have served over 10 million farmers to transform underlying farming to enable prosperity in a sustainable manner.

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Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.®

₹64.0Bn
Consolidated Revenues
31st March, 2026

₹57.8Bn
Consolidated Revenues
31st March, 2025

₹8.1Bn
Consolidated EBITDA
31st March, 2026

₹7.2Bn
Consolidated EBITDA
31st March, 2025

10,000+
Associates Globally

In the presentation, previous period / year figures have been regrouped and reclassified, wherever necessary, to conform to the current period classification.


3

Jain Irrigation Systems Ltd.

Small Ideas, Big Revolutions

Touching lives in more than one way

HI-TECH AGRI INPUTS
More Crop Per Drop® PLASTIC DIVISION
Your Lifeline to Prosperity® AGRO PROCESSING
Your Recipe for Great Taste®
DRIP IRRIGATION SPRINKLER IRRIGATION TISSUE CULTURE
PVC PIPES & FITTINGS PE PIPE & FITTINGS DRINKING WATER SOLUTION
FRUIT PROCESSING SPICES PROCESSING BEVERAGES PRODUCTS

IAFD

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Unique, Well Diversified, Fully Integrated Agri Value Chain Business

Hi-Tech Agri

  • Drip & Sprinkler Systems, Precision Farming Advisory, Climate Smart Solutions.
  • Solar Agri Pump
  • Large Tissue Culture plant capacity for Banana, Pomegranate, Sweet Orange and others
  • Aeroponic & Hydroponic technology for Air Aloo™
  • Well geographically spread – over 4,000 dealers / distributors across India
  • World class manufacturing facilities
  • Strong in-house R&D base

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Plastic

  • PVC Pipes, fittings, Polyethylene Pipes Turnkey Projects, PVC Sheets
  • Catering to Agricultural, Industrial & Infrastructural customer base
  • Manufacturing in India, UK, USA & Europe.
  • Forayed into urban markets by introducing plumbing systems
  • Plastic Sheet manufacturing business in USA & UK to serve local customers

Agro Processing

  • Fruit pulps, concentrates, vegetable dehydrations, spice processing, etc.
  • Global leaders in Mango processing and Onion & Garlic dehydration
  • Catering to top global food companies
  • Manufacturing in India, UK, USA and Turkey
  • State of Art Beverages Bottling Plant with 600/800 BPM capacity.

Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions

Consolidated Performance : Q4 FY26

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FAIR
Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.

Consolidated Performance : FY26

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IAPE

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Standalone Performance : Q4 FY26

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Revenue

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EBITDA

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Revenue

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EBITDA

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Cash Flow Statement

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Working Capital Cycle in Days


Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions

Standalone Performance : FY26

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Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions
All figures in ₹ crs

Financial Performance : Consolidated

Particulars 4QFY26 4QFY25 YoY change FY26 FY25 YoY change
Revenue 1,824.0 1,748.7 4.3% 6,399.5 5,779.3 10.7%
Hi-Tech 665.0 616.6 7.8% 2,342.9 1,944.8 20.5%
Plastic 579.8 587.3 -1.3% 1,994.6 1,948.7 2.4%
Agro Processing 579.2 544.8 6.3% 2,062.0 1,885.8 9.3%
EBITDA 239.9 223.6 7.3% 808.9 716.8 12.8%
Hi-Tech 131.7 108.1 21.8% 436.1 345.5 26.2%
Plastic 59.0 57.1 3.3% 191.9 205.3 -6.5%
Agro Processing 49.2 58.4 -15.8% 180.9 166.0 9.0%
Margin 13.2% 12.8% 12.6% 12.4%
Hi-Tech 19.8% 17.5% 18.6% 17.8%
Plastic 10.2% 9.7% 9.6% 10.5%
Agro Processing 8.5% 10.7% 8.8% 8.8%
Adjusted PAT# 51.8 46.4 11.6% 133.1 97.8 36.0%
PAT -19.0 27.9 -40.0 25.7
Cash PAT 55.1 95.1 241.9 278.8

Adjusted PAT is calculated before exceptional items, deferred tax re-measured impact and unwinding of finance costs of ₹ 83.61 crs (non-cash) related to 0.01% NCDs/EBCs.

Exceptional items for FY26 include: (i) a statutory impact of ₹23.97 crores arising from the implementation of the new Labour Codes notified by the Government of India, primarily due to changes in the wage definition impacting gratuity liabilities; (ii) de-recognition of goodwill amounting to ₹14.91 crores following the liquidation of a non-operational subsidiary; and (iii) ₹16.45 crores incurred towards shutdown and repair of critical plant equipment due to prolonged production disruption, which is non-recurring and not in the ordinary course of business.

Further, pursuant to amendments introduced under the Finance Act, 2026, the Parent Company and one Indian subsidiary have opted to transition to the concessional tax regime under Section 115BAA effective April 1, 2026. Consequently, deferred tax assets and liabilities were remeasured based on the revised effective tax rate of 25.17%, resulting in a one-time deferred tax charge of ₹34.13 crores in FY26.


Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions
All figures in ₹ crs

Financial Performance : Standalone

Particulars 4QFY26 4QFY25 YoY change FY26 FY25 YoY change
Revenue 1,003.1 1,027.3 -2.4% 3,533.3 3,259.0 8.4%
Hi-Tech 665.0 617.1 7.8% 2,344.4 1,942.3 20.7%
Plastic 338.1 410.2 -17.6% 1,188.9 1,316.7 -9.7%
EBITDA 165.7 159.9 3.6% 532.5 471.0 13.1%
Hi-Tech 134.4 112.5 19.5% 439.5 345.5 27.2%
Plastic 31.3 47.4 -34.0% 93.0 125.5 -25.9%
Margin 16.5% 15.6% 15.1% 14.5%
Hi-Tech 20.2% 18.2% 18.7% 17.8%
Plastic 9.3% 11.6% 7.8% 9.5%
Adjusted PAT# 55.9 46.9 19.2% 152.6 96.9 57.5%
PAT 11.3 28.3 24.0 24.7
Cash PAT 55.0 73.7 191.8 183.7

Adjusted PAT is calculated before exceptional items, deferred tax re-measured impact and unwinding of finance costs of ₹ 83.61 crs (non-cash) related to 0.01% NCDs/EBCs.

Exceptional items for FY26 include a statutory impact of ₹20.72 crores arising from the implementation of the new Labour Codes notified by the Government of India, primarily due to changes in the wage definition impacting gratuity liabilities. Considering the material, regulatory-driven and non-recurring nature of this impact, the same has been disclosed under Exceptional Items in the Standalone Statement of Profit & Loss. The Company continues to assess the impact of the new Labour Codes on other employee-related obligations and is monitoring further clarifications and finalisation of Central / State Rules.

Further, pursuant to amendments introduced under the Finance Act, 2026, the Company has opted to transition to the concessional tax regime under Section 115BAA effective April 1, 2026. Consequently, deferred tax assets and liabilities were remeasured based on the revised effective tax rate of 25.17%, resulting in a one-time net deferred tax charge of ₹24.23 crores in FY26.

10


Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions
11

Business Overview : Q4 FY26

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Hi-Tech Division

  • Delivered strong performance despite global headwinds, with revenue growth of 7.8% YoY and EBITDA growth of 21.8% YoY.
  • The India domestic business recorded robust growth of 21.3% YoY.

Plastic Division

  • Revenue and EBITDA remained largely stable on a YoY basis.
  • The overseas plastic business continued its momentum, achieving revenue growth of 8.4% YoY.

Agro Processing Division

  • Reported revenue growth of 6.3% YoY; however, EBITDA declined by 15.8% YoY due to margin pressure in overseas business during the quarter.
  • EBITDA margin improved in India agro processing.

Overall

  • The business generated cash from operations of ₹233 crores (97% to EBITDA) during the quarter.
  • The working capital cycle remained stable at 186 days compared to December 2025.
  • On a standalone basis, as of March 31, 2026, the Company has fully repaid all RTL and FITL obligations.

Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.
12

Business Overview : FY26

Hi-Tech Division

  • Achieved strong growth despite global challenges, including geopolitical uncertainties and tariff impacts.
  • Revenue increased by 20.5% YoY, while EBITDA grew by 26.2% YoY.
  • The India domestic business registered healthy growth of 29.3% YoY.

Agro Processing Division

  • Revenue grew by 9.3% YoY, while EBITDA increased by 9.0% YoY.
  • The overseas business reported healthy revenue growth, though margins remained under pressure during the year.

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Plastic Division

  • Revenue increased marginally by 2.4% YoY.
  • The overseas plastic business delivered strong growth of 13.5% YoY, reflecting improved demand across international markets.

Overall

  • The business generated cash from operations of ₹619 crores during FY26.
  • The working capital cycle improved significantly by 15 days YoY, reducing from 201 days to 186 days.

Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.
All figures in ₹ crs

Capital Allocation

Consolidated

Particulars 31-Mar-26 31-Dec-25 31-Mar-25 31-Mar-26 31-Dec-25 31-Mar-25
Non current assets 6,363.9 6,297.9 6,037.2 4,522.1 4,551.1 4,601.2
Current assets 5,791.5 5,674.4 5,406.6 4,058.0 3,988.2 3,867.5
Non current liab. 352.0 334.5 302.3 123.6 124.5 110.7
Current liabilities 1,743.1 1,682.2 1,580.4 888.2 880.6 947.8
Capital employed 10,060.3 9,955.5 9,561.0 7,568.3 7,534.3 7,410.2
Net worth 6,158.7 6,124.5 5,920.6 5,158.3 5,145.7 4,980.8
Borrowings^ 3,901.6 3,831.1 3,640.5 2,410.1 2,388.7 2,429.4
Sources of funds 10,060.3 9,955.5 9,561.0 7,568.3 7,534.3 7,410.2

^ Long Term and Working Capital


Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.
All figures in ₹ crs

Consolidated Debt Profile - 31 March 2026

Particulars Outstanding Outstanding Repayment Schedule
FY27 FY28 FY29 FY30 >FY31
Long Term Debt 31-Mar-25 31-Mar-26
JISL - Term Loans/RBI Trade Relief 195.4 33.5 32.8 0.2 0.2 0.2 0.1
JISL - NCDs @0.01% 855.4 831.1 690.3 140.8 - - -
Plastic - Overseas 156.4 250.0 50.5 65.9 62.1 20.8 50.7
Food - Consolidated 416.0 537.6 163.7 227.3 55.1 12.8 78.7
Sub Total 1,623.2 1,652.2 937.3 434.2 117.4 33.8 129.5
Less: Impact of FV gain of 0.01% NCDs (168.9) (85.3)
Reported Term Debt 1,454.3 1,566.9
Working Capital (Fund Based)
JISL, India 1,547.6 1,630.8
Plastic - Overseas 16.6 84.0
Food - Consolidated 622.0 619.9
Total Working Capital 2,186.2 2,334.7
Total Reported Debt 3,640.5 3,901.6
  • Reported debt increased primarily due to currency translation around ₹ 100.00 crs and impact of unwinding of fair valuation of ₹ 83.61 crs on the NCDs.
  • Long term debt repaid during the period is offset by financing for the beverages project in Food subsidiary and expansion-related financing in the overseas plastic business.

Jain Irrigation Systems Ltd.
Small Ideas, Big Revolutions

Working Capital Cycle – Days Sales Outstanding (DSO)

Consolidated 31 Mar 26
Inventory AR NWC
Hi-Tech Agri 129 217 300
Plastic 65 92 104
Agro/Food 160 67 136
Total 119 130 186
31 Dec 25
--- --- ---
Inventory AR NWC
132 *223 291
61 84 112
165 63 142
120 128 187
31 Mar 25
--- --- ---
Inventory AR NWC
164 *235 329
54 85 105
164 73 169
127 132 201
  • (i.e. excludes AR from discontinued operations)
  • Hi-Tech Agri: Net working capital (NWC) improved by 29 days, driven by a 35-day reduction in inventory levels (~750 crores) compared to March 2025.
  • Agro Processing: NWC improved by 33 days due to higher sales volumes and supplier credit compared to March 2025.
  • Plastic Division: NWC improved by 8 days compared to December 2025.
  • Consolidated: On a consolidated basis, NWC improved by 15 days YoY, while remaining stable compared to December 2025.
Standalone 31 Mar 26
Inventory AR NWC
Hi-Tech Agri 129 251 334
Plastic 65 123 137
Total 107 208 267
31 Dec 25
--- --- ---
Inventory AR NWC
134 261 342
52 116 125
104 209 263
31 Mar 25
--- --- ---
Inventory AR NWC
168 280 381
50 123 137
121 216 282

Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.
All figures in ₹ crs

Order Book Position

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This Order book does not include orders received from retail channel in regular course of business.


Jain Irrigation Systems Ltd. Small Ideas. Big Revolutions.

Management Commentary

"Leave this world better than you found it." – Shri. Bhavarlal H Jain

Q4 FY26 was marked by global uncertainties and a sharp rise in polymer prices in the month of March following geopolitical developments. Despite these headwinds, the Company delivered consolidated revenue growth of 4.3% YoY, led by strong performance in the Hi-Tech and Agro Processing segments. This quarter was also good on cash generation of ₹233 Crs, almost 97% of EBITDA.

For the full year, the Company achieved double-digit consolidated revenue growth, reflecting the resilience and diversification of our business portfolio. Consolidated EBITDA at ₹ 809 Crs in FY26 is higher by 12.8% compared to FY25. Focused working capital management improved the working capital cycle on a YoY basis, enabling the Company to generate operating cash flow of ₹619 Crores, equivalent to 76% of EBITDA.

The Company continues to closely monitor the evolving global environment which may impact input costs and international trade flows. The India Meteorological Department has forecasted below normal monsoon for 2026. We expect improved policy continuity and a revival of irrigation and infrastructure spending, supporting stronger demand.

Going forward, the Company remains focused on revenue growth, improving collections from project receivables and generating sustainable free cash flow.

Anil Jain
Vice Chairman & Managing Director

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Jain

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Our Gallery

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Jain

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Our Gallery

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JAIN

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Our Gallery

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Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Our Gallery

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Jain

Jan Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

ESG Impact

823

Flora & Fauna species

inhabit our facilities.

14

Near threatened

& vulnerable species

have been protected.

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10 MN+

Farmers have been given

access to Agtech globally.

21,471 TN

Annual CO₂-eq emission reduced by

afforestation and renewable energy use

in operations.

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143 BCM

Water saving impact of

micro irrigation products.

70%

Rural workforce from

villages, suburbs

and tier-II cities.

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26,395 GWh

Energy saving impact of

micro irrigation products.

40%

Methane reduction impact

of using drip irrigation for rice.

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19 MN TN

CO₂-eq reduction impact of

micro irrigation products.

75%

Women in tissue culture

production lead the Banana

revolution in the country.

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ZERO

Liquid discharge (ZLD) in

all manufacturing operations.


CSR Update

Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.

Jain Irrigation Systems Limited (JISL) has actively engaged in various Corporate Social Responsibility (CSR) activities this financial year, focusing on rural development, education, sports, environmental conservation, hunger eradication and pandemic support. Below are the key highlights of our CSR initiatives:

a) Rural Development Activities through Ba-Bapu 150 Project: Under the Ba-Bapu 150 initiative, inspired by Mahatma Gandhi's vision of "Gram Sarvodaya" (self-sustained village and social inclusion), we have launched 150 rural development projects. The first phase started in 22 villages in the Jalgaon district. Our key focuses are promoting water, sanitation, and hygiene (WASH), and ensuring safe drinking water for remote and rural communities. Additionally, we are driving entrepreneurship, watershed development, FPO, and sustainable agriculture.

b) Ensuring Environmental Sustainability: Environmental sustainability, natural resource conservation, and protection are core to our mission. We're committed to mitigating climate change impacts, being among the few organizations in the country certified for GHG accounting and mitigation actions. Our efforts include a voluntary plantation program on World Environment Day and supporting the Maharashtra Government's afforestation mission.

c) Promoting Education: Anubhuti English Medium School, our flagship project envisioned by Late Shri Bhavarlal H. Jain, provides quality English medium education to underprivileged children in Jalgaon. Initially starting with 180 students in Classes I and II, it now serves over 500 students from Classes I to IX. Anubhuti offers facilities comparable to the best schools in the region, with specially designed classrooms and furniture. The school provides nutritious food three times a day, as well as clothes, books, educational material, and timely medical attention to all students. This initiative reflects Anubhuti's educational principle of balancing individuality with the need for interdependence.

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CSR Update

Jain Irrigation Systems Ltd.
Small Ideas. Big Revolutions.

d) Promoting Sports: Our Jain Sports Academy (JSA), under the BKJMF trust, coordinates and handles all sports activities, currently training over 450 players across various sports. The academy offers training and conducts competitions in traditional Indian games like kho kho, volleyball, table tennis, badminton, swimming, cricket, trekking, chess, cycle racing, skating, marathon, carom, basketball, and football. Additionally, we host inter-school and inter-district sports events with around 750 students participating. Jain Sports Academy boasts a Corporate Cricket Team, which has won the prestigious 'A' Division of the Times Shield Cricket Tournament. Many of our players are part of national teams across various sports, including our national carom players who represented India and won the World Championship in South Korea. Most of our spending goes towards sports materials and infrastructure, coaching fees, and supporting budding sportsmen and their coaches.

e) Healthcare: Kantai Netralaya, supported by JISL's Bhavarlal Kantaibai Jain Multipurpose Foundation (BKJMF) and managed by Poona Blind Men Association (PBMA), aims to eradicate preventive blindness and make Jalgaon a cataract-free district. Providing comprehensive quality eye care without discrimination, Kantai Netralaya conducts regular outreach programs in rural areas, offering free eye care treatment to poor and deprived patients. This year, the goal is to complete 150 Squint Removal Surgeries, with 60 of them free of cost.

f) Hunger Eradication: Since the start of the COVID-19 pandemic, JISL has been providing food to migrating laborers, labor colonies, and other needy residents in Jalgaon. During the peak of the pandemic, the company distributed 14,000 meals per day, and through the ongoing "Snehachi Shidori" project, they still distribute 1,400 meals daily to the poor, deprived, and homeless in Jalgaon. Anyone in need can access these food parcels free of charge. To date, the project has distributed over 1.5 million food parcels.

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Jain Irrigation Systems Ltd. Small Ideas. Big Revolutions.

Disclaimer

This investor presentation has been prepared by Jain Irrigation Systems Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the general business plans and strategy of Jain Irrigation Systems Limited, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as 'will', 'expected to', 'horizons of growth', 'strong growth prospects', etc., or similar expressions or variations of such expressions. These forward-looking statements involve several risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. Jain Irrigation Systems Limited may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.

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Jain

Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.

Contact Us

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Jain Irrigation Systems Ltd.

Small Ideas. Big Revolutions.®

You may send your queries to Mr. Bipeen Valame; Mr. Avdhut Ghodgaonkar @ [email protected]

Let's meet on “Q4 FY26 Earnings Conference Call”

On Friday, 15th May, 2026 at 05:30 PM IST

Dial-in numbers

Primary Access Number for Participants:

+91 22 6280 1136 / +91 22 7115 8037

International Toll-Free Number

USA – 18667462133, UK – 08081011573,

Singapore – 8001012045, Hong Kong - 800964448