R M Drip & Sprinklers Systems Ltd

R M Drip & Sprin Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

R M Drip & Sprinklers Systems Ltd

₹ 595 -0.65%
01 Jul - close price
Company website NSE - SME: RMDRIP
About

Incorporated in 1996, R M Drip & Sprinklers Systems Ltd manufactures micro irrigation systems[1]

Key Points

Business Overview:[1][2]
Company designs and manufactures micro irrigation equipment and components. It assists farmers in designing and installation of Sprinkler and Drip Irrigations systems. It is also Original Equipment supplier to many irrigation companies and various irrigation sub assembly manufacturers. Company has a dealer network in Maharashtra, Madhya Pradesh, Gujarat, Karnataka and Uttar Pradesh, Bihar and Jharkhand with Greaves Cotton Ltd

Website NSE - SM
  • Market Cap ₹ 1,486 Cr.
  • Current Price ₹ 595
  • High / Low ₹ 600 / 137
  • Stock P/E 62.1
  • Book Value ₹ 32.0
  • Dividend Yield 0.00 %
  • ROCE 44.6 %
  • ROE 39.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 53.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.5%

Cons

  • Stock is trading at 18.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 17.8%
  • Company has high debtors of 300 days.
  • Promoter holding has decreased over last 3 years: -42.5%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Plastic Products - Industrial

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
7 16 3 15 6 12 4 7 8 42 34 96
6 13 4 12 7 11 7 5 7 38 28 66
Operating Profit 1 3 -0 2 -1 2 -3 2 1 4 6 30
OPM % 16% 17% -13% 16% -16% 14% -74% 26% 15% 10% 17% 31%
0 0 0 0 0 0 0 3 0 3 0 0
Interest 1 0 1 0 0 0 0 1 0 0 0 2
Depreciation 1 1 1 1 1 1 0 0 1 1 1 1
Profit before tax 0 2 -1 2 -2 1 -4 4 1 7 5 27
Tax % 0% -44% 0% 12% 36% -17% 0% 0% 0% 26% 28% 25%
0 3 -1 1 -2 1 -4 4 1 5 3 20
EPS in Rs 0.30 3.90 -1.82 1.99 -3.39 1.99 -5.47 5.61 0.46 3.20 1.39 8.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 5 12 28 43 22 23 18 18 11 50 130
3 5 10 25 38 26 19 16 17 12 45 95
Operating Profit 0 0 1 3 5 -3 4 2 1 -1 6 36
OPM % 9% 2% 12% 12% 11% -16% 17% 11% 5% -9% 11% 27%
0 1 0 0 0 1 0 0 1 3 3 1
Interest 0 0 0 1 1 1 1 1 1 1 1 2
Depreciation 0 0 0 1 2 1 1 1 1 1 1 2
Profit before tax 0 0 0 2 2 -5 2 0 -1 0 7 32
Tax % 25% 47% 33% 30% 31% 0% -39% 62% 77% 62% 24% 26%
0 0 0 1 2 -5 3 0 -1 0 5 24
EPS in Rs 30.00 5.00 2.29 5.71 2.35 -8.13 4.19 0.16 -1.41 0.04 3.59 9.58
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 38%
5 Years: 41%
3 Years: 94%
TTM: 159%
Compounded Profit Growth
10 Years: 85%
5 Years: 54%
3 Years: 202%
TTM: 342%
Stock Price CAGR
10 Years: %
5 Years: 62%
3 Years: 234%
1 Year: 304%
Return on Equity
10 Years: 17%
5 Years: 23%
3 Years: 29%
Last Year: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 0.48 1 2 7 7 7 7 7 7 15 25
Reserves 0 1 1 1 9 4 7 7 6 6 26 55
1 3 4 12 10 9 8 9 8 8 6 26
1 1 4 8 6 8 5 6 10 9 20 47
Total Liabilities 2 5 10 24 32 27 27 29 31 29 67 153
1 3 3 8 8 7 6 7 6 5 10 17
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 2
2 2 7 15 24 19 21 22 25 24 57 132
Total Assets 2 5 10 24 32 27 27 29 31 29 67 153

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 1 1 3 -6 2 2 3 1 -2 -14 -22
-0 -2 -2 -6 -1 0 0 -1 1 3 -6 -11
-0 2 2 5 8 -2 -2 -1 -3 -1 20 33
Net Cash Flow 0 0 1 1 -0 -1 -0 1 -1 -0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 88 75 91 86 135 207 224 298 367 497 275 300
Inventory Days 109 55 79 139 85 76 100 117 131 140 138 85
Days Payable 76 77 121 77 55 80 103 117 187 263 144 63
Cash Conversion Cycle 121 54 48 148 165 203 222 298 311 373 269 323
Working Capital Days 109 54 31 85 138 182 218 286 313 534 245 238
ROCE % 11% 9% 19% 25% 16% -18% 14% 6% 2% 5% 23% 45%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Mar 2022Sep 2022Mar 2023Apr 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.23% 60.29% 59.36% 51.91% 33.79% 27.60% 22.97% 22.97% 13.86% 13.86% 13.88% 17.78%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 2.12%
39.78% 39.72% 40.64% 48.09% 66.21% 72.40% 77.03% 77.03% 86.14% 86.14% 84.12% 80.10%
No. of Shareholders 3323413623533653573453071,0711,1671,2931,244

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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