R M Drip & Sprinklers Systems Ltd
Incorporated in 1996, R M Drip & Sprinklers Systems Ltd manufactures micro irrigation systems[1]
- Market Cap ₹ 2,054 Cr.
- Current Price ₹ 82.2
- High / Low ₹ 87.0 / 30.1
- Stock P/E 74.6
- Book Value ₹ 3.20
- Dividend Yield 0.06 %
- ROCE 44.7 %
- ROE 39.7 %
- Face Value ₹ 1.00
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 25.5 times its book value
- Promoter holding is low: 21.1%
- Company has high debtors of 300 days.
- Promoter holding has decreased over last 3 years: -38.3%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 5 | 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 | 0 | 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 | 3.00 | 0.50 | 0.23 | 0.57 | 0.23 | -0.81 | 0.42 | 0.02 | -0.14 | 0.00 | 0.36 | 0.96 |
| 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: | 73% |
| 3 Years: | 257% |
| 1 Year: | 155% |
| 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 | -12 | 27 | 102 | 122 | 147 | 170 | 180 | 394 | 208 | 212 |
| ROCE % | 11% | 9% | 19% | 25% | 16% | -18% | 14% | 6% | 2% | 5% | 22% | 45% |
Documents
Announcements
-
Board Meeting Intimation for Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended 30Th September, 2025
5 Nov - Board meeting 14 Nov 2025 to approve Q2 results (30 Sep 2025); trading window closed from 1 Oct.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 17 Oct
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Oct
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
11 Oct - Invested Rs.86,65,200 on 11-Oct-2025 to acquire 4,15,000 shares, attaining 66.69% of Tuljai Agro Chemicals.
- Closure of Trading Window 27 Sep
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