R M Drip & Sprinklers Systems Ltd
Incorporated in 1996, R M Drip & Sprinklers Systems Ltd manufactures micro irrigation systems[1]
- Market Cap ₹ 1,150 Cr.
- Current Price ₹ 26.8
- High / Low ₹ 72.2 / 20.4
- Stock P/E 32.6
- Book Value ₹ 2.02
- Dividend Yield 0.11 %
- 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%
- Company's median sales growth is 27.3% of last 10 years
Cons
- Stock is trading at 13.2 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3 | 5 | 12 | 28 | 43 | 22 | 23 | 18 | 18 | 11 | 50 | 130 | 184 | |
| 3 | 5 | 10 | 25 | 38 | 26 | 19 | 16 | 17 | 12 | 45 | 95 | 130 | |
| Operating Profit | 0 | 0 | 1 | 3 | 5 | -3 | 4 | 2 | 1 | -1 | 5 | 36 | 55 |
| OPM % | 9% | 2% | 12% | 12% | 11% | -16% | 17% | 11% | 5% | -9% | 11% | 27% | 30% |
| 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 3 | 3 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | 0 | 0 | 0 | 2 | 2 | -5 | 2 | 0 | -1 | 0 | 7 | 32 | 50 |
| 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 | 35 | |
| EPS in Rs | 0.30 | 0.13 | 0.33 | 0.14 | -0.47 | 0.24 | 0.01 | -0.08 | 0.00 | 0.21 | 0.56 | 0.82 | |
| 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: | 86% |
| 3 Years: | 107% |
| 1 Year: | 10% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.48 | 1 | 2 | 7 | 7 | 7 | 7 | 7 | 7 | 15 | 25 | 25 |
| Reserves | 0 | 1 | 1 | 1 | 9 | 4 | 7 | 7 | 6 | 6 | 26 | 55 | 62 |
| 1 | 3 | 4 | 12 | 10 | 9 | 8 | 9 | 8 | 8 | 6 | 26 | 36 | |
| 1 | 1 | 4 | 8 | 6 | 8 | 5 | 6 | 10 | 9 | 20 | 47 | 32 | |
| Total Liabilities | 2 | 5 | 10 | 24 | 32 | 27 | 27 | 29 | 31 | 29 | 67 | 153 | 154 |
| 1 | 3 | 3 | 8 | 8 | 7 | 6 | 7 | 6 | 5 | 10 | 17 | 20 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| 2 | 2 | 7 | 15 | 24 | 19 | 21 | 22 | 25 | 24 | 57 | 132 | 132 | |
| Total Assets | 2 | 5 | 10 | 24 | 32 | 27 | 27 | 29 | 31 | 29 | 67 | 153 | 154 |
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 |
| Free Cash Flow | 0 | -2 | 1 | -4 | -8 | 1 | 2 | 1 | 1 | -2 | -20 | -34 |
| CFO/OP | 79% | 630% | 81% | 81% | -111% | -60% | 46% | 149% | 122% | 205% | -219% | -55% |
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% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Count |
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| Gross Block (Plant & Machinery) INR Lakhs |
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| Subsidy Receivable INR Lakhs |
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| Marketing Team Strength Multiplier (YoY) Times |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no rematerialisation requests received.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
3 Apr - Postal ballot on 3 Apr 2026 passed capital increase, bonus shares, MD and independent director appointments.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
3 Apr - Postal ballot on 03 Apr 2026 approved bonus issue, higher authorised capital, and managing director appointment.
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Outcome Of Separate Meeting Of Independent Directors
30 Mar - Independent directors met March 30, 2026; reviewed board and chair performance, and information flow; meeting 10–11am.
- Closure of Trading Window 26 Mar
Annual reports
Concalls
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Feb 2026TranscriptAI SummaryPPT
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