2. However one must understand that it is heavily dependent on agricultural set up as its irrigation systems account for 30 per cent of its revenue and its revenues from micro irrigation have grown at 70 per cent annually. Well nothing to fear as India is an agrarian society.
3. However one can be sure of its growth as it has plans to launch new irrigation systems, higher replacement demand and aslo focus on geographical diversification.
4. Jain Irrigation has undertaken five overseas acquisitions, including a 50 per cent stake in NaanDan of Israel, the world's fifth largest micro-irrigation company, which will help it to progress further due to access to technology and access to large markets such as South Africa, US, and Europe.
5. Jain Irrigation is also producing juices and dehydrated vegetables for companies like Coco Cola, Nestle etc. In plastic pipes and sheets business its products are in demand from agriculture sector(30 per cent market share) and telecom sector(70% share)and is likely to grow at a fat pace as telecom sector is on a boom in India.
6. Thus it would be apt to say that it is operating in high growth areas and it is further anticipated that exports will also grow rapidly and thus one can make an investment in the company to reap good harvest.