Jain Irrigation Systems Limited — Credit Ratings, 29-10-2025: Credit Rating

CRISIL Ratings has reaffirmed Jain Irrigation Systems (JISL)'s credit ratings for its bank facilities and Non-Convertible Debentures. The long-term rating remains CRISIL BBB-/Stable, and short-term is CRISIL A3. This reflects JISL's strong market position in Micro Irrigation Systems, balanced by modest financial risk, liquidity pressure from high project receivables, and raw material price volatility.