R M Drip & Sprinklers Systems Ltd

R M Drip & Sprinklers Systems Ltd

₹ 16.8 4.98%
10 Jun - close price
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

  • Market Cap 722 Cr.
  • Current Price 16.8
  • High / Low 72.2 / 14.8
  • Stock P/E 20.5
  • Book Value 2.59
  • Dividend Yield 0.17 %
  • ROCE 37.9 %
  • ROE 36.9 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 217% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.4%
  • Company's median sales growth is 27.3% of last 10 years

Cons

  • Promoter holding is low: 21.1%
  • Company has high debtors of 250 days.
  • Promoter holding has decreased over last 3 years: -30.8%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
22 17 17 48 48 30 31 75 61
18 14 14 33 33 22 23 52 48
Operating Profit 4 3 3 15 15 9 8 23 13
OPM % 18% 17% 17% 31% 31% 29% 27% 30% 21%
0 0 0 0 0 0 2 0 0
Interest 0 0 0 1 1 1 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1
Profit before tax 3 2 2 14 14 7 8 21 12
Tax % 28% 27% 28% 25% 25% 27% 30% 33% 12%
2 2 2 10 10 5 6 14 10
EPS in Rs 0.17 0.04 0.04 0.24 0.24 0.12 0.13 0.33 0.24
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5 12 28 43 22 23 18 18 11 50 130 197
5 10 25 38 26 19 16 17 12 45 95 145
Operating Profit 0 1 3 5 -3 4 2 1 -1 5 36 52
OPM % 2% 12% 12% 11% -16% 17% 11% 5% -9% 11% 27% 26%
1 0 0 0 1 0 0 1 3 3 1 2
Interest 0 0 1 1 1 1 1 1 1 0 2 3
Depreciation 0 0 1 2 1 1 1 1 1 1 2 3
Profit before tax 0 0 2 2 -5 2 0 -1 0 7 32 48
Tax % 47% 33% 30% 31% 0% -39% 62% 77% 62% 24% 26% 26%
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% 2%
Compounded Sales Growth
10 Years: 33%
5 Years: 61%
3 Years: 162%
TTM: 51%
Compounded Profit Growth
10 Years: 60%
5 Years: 217%
3 Years: 955%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: 62%
3 Years: 78%
1 Year: -47%
Return on Equity
10 Years: 25%
5 Years: 31%
3 Years: 35%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.48 1 2 7 7 7 7 7 7 15 25 25
Reserves 1 1 1 9 4 7 7 6 6 26 55 86
3 4 12 10 9 8 9 8 8 6 26 53
1 4 8 6 8 5 6 10 9 20 47 43
Total Liabilities 5 10 24 32 27 27 29 31 29 67 153 207
3 3 8 8 7 6 7 6 5 10 17 19
CWIP 0 0 0 0 0 0 0 0 0 0 1 3
Investments 0 0 0 0 0 0 0 0 0 0 2 3
2 7 15 24 19 21 22 25 24 57 132 181
Total Assets 5 10 24 32 27 27 29 31 29 67 153 207

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1 1 3 -6 2 2 3 1 -2 -14 -22 -11
-2 -2 -6 -1 0 0 -1 1 3 -6 -11 -11
2 2 5 8 -2 -2 -1 -3 -1 20 33 23
Net Cash Flow 0 1 1 -0 -1 -0 1 -1 -0 0 -0 0
Free Cash Flow -2 1 -4 -8 1 2 1 1 -2 -20 -34 -17
CFO/OP 630% 81% 81% -111% -60% 46% 149% 122% 205% -219% -55% 0%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 75 91 86 135 207 224 298 367 497 275 300 250
Inventory Days 55 79 139 85 76 100 117 131 140 138 85 105
Days Payable 77 121 77 55 80 103 117 187 263 144 63 98
Cash Conversion Cycle 54 48 148 165 203 222 298 311 373 269 323 258
Working Capital Days 54 -12 27 102 122 147 170 180 394 208 212 211
ROCE % 9% 19% 25% 16% -18% 14% 6% 2% 5% 22% 45% 38%

Insights

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Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
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Number of States with Active Operations
Count
Gross Block (Plant & Machinery)
INR Lakhs
Subsidy Receivable
INR Lakhs
Marketing Team Strength Multiplier (YoY)
Times

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Shareholding Pattern

Numbers in percentages

9 Recently
Apr 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
33.79% 27.60% 22.97% 22.97% 13.86% 13.86% 13.88% 17.78% 21.06% 21.06% 21.06% 21.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.00% 2.12% 2.97% 3.01% 2.50% 3.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.35% 0.35% 0.35% 0.10%
66.21% 72.40% 77.03% 77.03% 86.14% 86.14% 84.12% 80.10% 75.62% 75.57% 76.09% 75.00%
No. of Shareholders 3653573453071,0711,1671,2931,2441,3115,3807,12344,653

* 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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