News @ Jains - Jain Irrigation ranks 185th in the FE - 500 composite ranking of top Indian companies in 2004-2005

(India Business Insight Via Thomson Dialog NewsEdge) – Feb 15, 2006

Jain Irrigation Systems Ltd (JISL) ranks 185th in the FE-500 ranking of 2005. The composite ranking is based on the performance of public and private sector companies (excluding non-banking finance companies and banks) on five select parameters in 2004-2005. These are net sales, total assets, net worth, gross profit and market capitalization. Financial data are sourced from the published balance sheets of companies that closed their financial year between 1^st Apr 2004 and 31^st Mar 2005.

For select companies, June 2005 figures were considered. Market capitalisation is arrived at based on the closing prices of stocks as on 31^st Mar 2005. Results have been annualised in the case of companies whose financial years were less than or exceeded 12 months. The listing also factors in the performance indicators: return on net worth (RONW), return on assets (ROA) and return on sales (ROS). JISL ranks 226^th in terms of net sales (which grew by 49.59 percent to Rs. 687.58 crore in 2004-2005); 194th in terms of total assets (grew by 14.83 percent to Rs. 868.58 crore); 196th in terms of net worth (grew by 20.31% to Rs. 328.45 crore); 294th in terms of gross profit (grew by 21.57 percent to Rs. 54.56 crore) and 205^th in terms of market capitalisation (grew by 110.47 percent to Rs. 732.34 crore). Its RONW amounted to 9.86%, ROA to 6.28 percent and ROS to 4.71%.