R M Drip & Sprinklers Systems Ltd
Incorporated in 1996, R M Drip & Sprinklers Systems Ltd manufactures micro irrigation systems[1]
- Market Cap ₹ 412 Cr.
- Current Price ₹ 165
- High / Low ₹ 165 / 41.0
- Stock P/E 76.2
- Book Value ₹ 23.6
- Dividend Yield 0.00 %
- ROCE 36.8 %
- ROE 42.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 24.5% CAGR over last 5 years
- Debtor days have improved from 324 to 108 days.
- Company's working capital requirements have reduced from 323 days to 117 days
Cons
- Stock is trading at 7.01 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -9.11%
- Promoter holding is low: 13.9%
- Company has a low return on equity of 11.6% over last 3 years.
- Earnings include an other income of Rs.3.15 Cr.
* 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
Sector: Plastic products Industry: Plastics Products
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.54 | 3.07 | 5.32 | 11.73 | 28.34 | 42.63 | 22.29 | 23.24 | 18.21 | 17.92 | 10.95 | 50.27 | |
2.19 | 2.79 | 5.22 | 10.36 | 24.98 | 37.90 | 25.75 | 19.37 | 16.23 | 17.11 | 11.89 | 44.80 | |
Operating Profit | 0.35 | 0.28 | 0.10 | 1.37 | 3.36 | 4.73 | -3.46 | 3.87 | 1.98 | 0.81 | -0.94 | 5.47 |
OPM % | 13.78% | 9.12% | 1.88% | 11.68% | 11.86% | 11.10% | -15.52% | 16.65% | 10.87% | 4.52% | -8.58% | 10.88% |
0.03 | 0.02 | 0.76 | 0.02 | 0.38 | 0.27 | 0.84 | 0.48 | 0.43 | 0.69 | 2.87 | 3.15 | |
Interest | 0.15 | 0.15 | 0.16 | 0.50 | 0.87 | 1.18 | 1.33 | 0.96 | 0.96 | 0.92 | 0.96 | 0.35 |
Depreciation | 0.12 | 0.11 | 0.23 | 0.41 | 0.93 | 1.55 | 1.47 | 1.38 | 1.16 | 1.11 | 0.89 | 1.14 |
Profit before tax | 0.11 | 0.04 | 0.47 | 0.48 | 1.94 | 2.27 | -5.42 | 2.01 | 0.29 | -0.53 | 0.08 | 7.13 |
Tax % | 36.36% | 25.00% | 46.81% | 33.33% | 29.90% | 31.28% | 0.37% | -39.30% | 62.07% | 77.36% | 62.50% | 24.12% |
0.08 | 0.03 | 0.24 | 0.32 | 1.36 | 1.57 | -5.44 | 2.80 | 0.11 | -0.94 | 0.03 | 5.41 | |
EPS in Rs | 80.00 | 30.00 | 5.00 | 2.29 | 5.71 | 2.35 | -8.13 | 4.19 | 0.16 | -1.41 | 0.04 | 3.59 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 32% |
5 Years: | 18% |
3 Years: | 40% |
TTM: | 359% |
Compounded Profit Growth | |
---|---|
10 Years: | 68% |
5 Years: | 25% |
3 Years: | 266% |
TTM: | 17933% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 63% |
3 Years: | 96% |
1 Year: | 267% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 12% |
3 Years: | 12% |
Last Year: | 42% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.01 | 0.01 | 0.48 | 1.40 | 2.38 | 6.69 | 6.69 | 6.69 | 6.69 | 6.69 | 6.69 | 15.08 |
Reserves | 0.36 | 0.39 | 0.80 | 1.12 | 1.46 | 9.49 | 4.05 | 6.85 | 6.96 | 6.02 | 6.05 | 20.43 |
1.26 | 1.33 | 2.60 | 4.15 | 12.24 | 9.92 | 8.70 | 8.29 | 8.77 | 7.81 | 7.56 | 5.81 | |
0.61 | 0.55 | 1.32 | 3.63 | 7.70 | 6.36 | 7.50 | 5.40 | 6.39 | 10.13 | 8.54 | 25.46 | |
Total Liabilities | 2.24 | 2.28 | 5.20 | 10.30 | 23.78 | 32.46 | 26.94 | 27.23 | 28.81 | 30.65 | 28.84 | 66.78 |
0.74 | 0.69 | 3.07 | 2.74 | 8.18 | 8.17 | 7.29 | 6.29 | 6.97 | 5.88 | 4.97 | 10.07 | |
CWIP | 0.02 | 0.00 | 0.00 | 0.24 | 0.14 | 0.09 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
Investments | 0.03 | 0.03 | 0.03 | 0.04 | 0.11 | 0.11 | 0.06 | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 |
1.45 | 1.56 | 2.10 | 7.28 | 15.35 | 24.09 | 19.41 | 20.88 | 21.78 | 24.71 | 23.87 | 56.68 | |
Total Assets | 2.24 | 2.28 | 5.20 | 10.30 | 23.78 | 32.46 | 26.94 | 27.23 | 28.81 | 30.65 | 28.84 | 66.78 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.19 | 0.60 | 0.98 | 2.51 | -6.48 | 1.55 | 1.76 | 2.87 | 0.95 | -4.24 | -13.72 | |
-0.39 | -0.02 | -2.23 | -2.20 | -6.29 | -1.40 | 0.12 | 0.29 | -1.43 | 0.61 | 2.93 | -6.19 | |
0.36 | -0.09 | 1.68 | 1.86 | 4.53 | 7.53 | -2.36 | -2.15 | -0.60 | -2.60 | 1.11 | 20.38 | |
Net Cash Flow | -0.01 | 0.07 | 0.05 | 0.63 | 0.74 | -0.36 | -0.69 | -0.10 | 0.85 | -1.04 | -0.20 | 0.48 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68.98 | 87.98 | 75.47 | 90.86 | 86.03 | 134.77 | 207.31 | 224.28 | 298.05 | 367.44 | 497.00 | |
Inventory Days | 197.92 | 109.29 | 54.96 | 78.92 | 138.79 | 85.35 | 76.22 | 100.38 | 117.43 | 131.21 | 139.59 | |
Days Payable | 133.66 | 76.30 | 76.73 | 121.49 | 77.05 | 55.42 | 80.24 | 102.92 | 117.00 | 187.44 | 263.36 | |
Cash Conversion Cycle | 133.24 | 120.97 | 53.69 | 48.29 | 147.78 | 164.70 | 203.29 | 221.74 | 298.48 | 311.21 | 373.23 | |
Working Capital Days | 116.40 | 109.38 | 53.52 | 31.43 | 85.13 | 137.76 | 182.42 | 217.84 | 285.63 | 313.26 | 539.00 | |
ROCE % | 11.31% | 9.27% | 18.58% | 24.70% | 16.36% | -17.96% | 14.39% | 5.65% | 1.82% | 5.10% |
Documents
Announcements
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Updates
10 July 2024 - R M Drip and Sprinklers Systems Limited has informed regarding 'In accordance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations,2018 for the quarter …
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Committee Meeting Updates
5 July 2024 - R M Drip and Sprinklers Systems Limited has informed regarding Outcome of Committee Meeting held on July 05, 2024.
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Updates
3 July 2024 - R M Drip and Sprinklers Systems Limited has informed regarding 'Financial Results as on 31.03.2024'.
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Outcome of Board Meeting
29 June 2024 - March, 2024 approved the issue of fully paid-up Equity Shares by way of Right issue for an amount not exceeding Rs. 40.00 Crores. In this …
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Board Meeting Intimation
26 June 2024 - R M DRIP AND SPRINKLERS SYSTEMS LIMITED has informed about Board Meeting to be held on 29-Jun-2024 to consider Fund raising.
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