ADVERTISEMENT
Can Jain Irrigation Emerge From This Debt Trap?
Jain Irrigation’s debt has more than doubled to Rs 5,112 crore in the past eight years.
25 Apr 2019, 11:35 AM IST
Jain Irrigation Systems Ltd. has lost nearly half of its value in the last one year as the world’s second-largest micro irrigation equipment maker grapples with mounting debt and weak cash flows.The company’s debt has more than doubled to Rs 5,112 crore in the past eight years, according to Bloomberg data. That’s because the company continued to borrow to fund expansion as well as meet its working capital requirements.Shares of Jain ...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT