Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

Jain Irrigation’s Q4/18-19 results were weak. The full-year numbers appear decent only due to the effects of the acquisition of the two US distributors, with the benefits no longer providing a boost in Q3 and Q4. The financial risk profile deteriorated from FYE 2017-18, with debt growing much faster than earnings. Net Debt/EBITDA of 4.1x fell short of management’s target of 3.5x by FYE 18-19 by a significant margin. Liquidity, which has been persistently poor, deteriorated further. We expect negative rating pressure, given that Jain's performance has fallen short of the rating agencies’ expectations.

   Jain Irrigation’s Q4/18-19 results were weak. The full-year numbers appear decent only due to the effects of the acquisition of the two US distributors, with the benefits no longer providing a boost in Q3 and Q4. The financial risk profile deteriorated from FYE 2017-18, with debt growing much faster than earnings. Net Debt/EBITDA of 4.1x fell short of management’s target of 3.5x by FYE 18-19 by a significant margin. Liquidity, which has been persistently poor, deteriorated further.    We expect negative rating pressure, given that Jain's performance has fallen short of the rating agencies’ expectations. 

Jain Irrigation - Earnings Flash - FY 2018-19 Results - Lucror Analytics

Jain Irrigation Systems

Jain Irrigation - Earnings Flash - FY 2018-19 Results - Lucror Analytics