MarketFriction

R M Drip & Sprinklers Systems Ltd

NSE RMDRIP · BSE 544456 · Plastic Products - Industrial
₹23.49 -0.09%
NSE close2026-10-01
52 week range14.81 - 72.22
Market cap₹1,004 Cr.
P/E28.5
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2018Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales21.7517.0117.0847.9748.0530.4831.1874.6461.1240.34
Expenses17.8514.1414.1233.1233.0821.7022.8752.0647.9031.53
Operating Profit3.902.872.9614.8514.978.788.3122.5813.228.81
OPM %17.93%16.87%17.33%30.96%31.16%28.81%26.65%30.25%21.63%21.84%
Other Income0.000.110.110.220.220.031.750.080.300.26
Interest0.400.130.130.720.760.661.150.891.001.17
Depreciation0.770.520.520.710.710.840.880.840.890.86
Profit before tax2.732.332.4213.6413.727.318.0320.9311.637.04
Tax %27.84%27.04%27.69%24.93%25.29%27.36%29.76%32.87%12.30%24.01%
Net Profit1.981.701.7510.2410.255.315.6514.0610.205.35
EPS in Rs0.170.040.040.240.240.120.130.330.240.12
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales122843222318181150130197207
Expenses10253826191617124594145154
Operating Profit135-3421-15365253
OPM %12%12%11%-16%17%11%4.5%-9%11%27%26%26%
Other Income000100133122
Interest011111110234
Depreciation012111111233
Profit before tax022-520-107324848
Tax %33%30%31%0%-39%62%77%62%24%26%26%
Net Profit012-530-105243535
EPS in Rs0.130.330.14-0.470.240.01-0.080.000.210.560.820.82
Dividend Payout %0%0%0%0%0%0%0%0%0%0%2%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth33%61%162%44%
Compounded Profit Growth60%217%955%28%
Stock Price CAGR%87%94%-45%
Return on Equity25%31%36%38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.4812777777152525
Reserves111947766265286
Borrowings3412109898862653
Other Liabilities1486856109202443
Total Liabilities5102432272729312967127207
Fixed Assets338876765101919
CWIP000000000013
Investments000000000023
Other Assets271524192122252457104181
Total Assets5102432272729312967127207
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity113-62231-2-14-22-11
Cash from Investing Activity-2-2-6-100-113-6-12-11
Cash from Financing Activity2258-2-2-1-3-1203323
Net Cash Flow011-0-1-01-1-00-00
Free Cash Flow-21-4-81211-2-20-33-17
CFO/OP630%81%81%-111%-60%46%149%122%205%-219%-53%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days759186135207224298367497275224250
Inventory Days5579139857610011713114013885105
Days Payable771217755801031171872631446398
Cash Conversion Cycle5448148165203222298311373269247258
Working Capital Days54-1227102122147170180394208199211
ROCE %9%19%25%16%-18%14%6%2%5%22%46%38%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters27.60%22.97%22.97%13.86%13.86%13.88%17.78%21.06%21.06%21.06%21.06%21.06%
FIIs0.00%0.00%0.00%0.00%0.00%2.00%2.12%2.97%3.01%2.50%3.85%4.24%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.35%0.35%0.35%0.10%0.10%
Public72.40%77.03%77.03%86.14%86.14%84.12%80.10%75.62%75.57%76.09%75.00%74.60%
No. of Shareholders3573453071,0711,1671,2931,2441,3115,3807,12344,65342,996

Fundamentals

Market Cap₹ 1,004 Cr.
Current Price₹ 23.5
Stock P/E28.5
Book Value₹ 2.59
ROCE38.3 %
ROE37.5 %
Dividend Yield0.13 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)44%
Compounded Profit Growth (TTM)28%
Standalone figures.
Valuation
Market capRs 587 Cr
Enterprise valueRs 639 Cr
P/E (TTM)16.64x
Price to book5.29x
Price to sales2.83x
EV / EBITDA11.55x
EV / EBIT12.32x
EV / sales3.08x
Earnings yield6.01%
Dividend yield0.13%
P/E, 3-year average15.40x
P/B, 3-year average4.69x
P/E, 5-year average26.49x
P/B, 5-year average2.85x
Profitability
Operating margin (excl. other income)26.50%
Operating margin (incl. other income)27.59%
EBITDA margin26.68%
Pre-tax margin22.98%
Net profit margin17.01%
Net margin, latest quarter13.26%
ROE37.50%
ROCE38.34%
ROA21.10%
ROE, 3-year average32.82%
ROCE, 3-year average35.42%
ROA, 3-year average19.04%
ROE, 5-year average18.31%
ROCE, 5-year average22.64%
ROA, 5-year average10.81%
ROIC (approx.)23.39%
Tax rate26.49%
Other income / net worth1.95%
Growth
Sales growth (latest year)51.73%
Profit growth (latest year)47.30%
Sales CAGR, 3 years162.22%
Sales CAGR, 5 years61.07%
Profit CAGR, 3 years954.93%
Profit CAGR, 5 years217.01%
Sales growth QoQ-34.00%
Profit growth QoQ-47.55%
Sales growth YoY (latest quarter)32.35%
Profit growth YoY (latest quarter)0.75%
Per share
EPS (TTM)Rs 1.41
EPS (latest year)Rs 1.41
EPS (latest quarter)Rs 0.21
EPS, 3-year averageRs 1.99
EPS, 5-year averageRs 0.92
Book value per shareRs 4.44
Sales per shareRs 8.30
Cash flow per shareRs -0.46
Free cash flow per shareRs -0.68
Dividend per share (latest year)Rs 0.03
Dividend per share, 3-year averageRs 0.03
Dividend per share, 5-year averageRs 0.03
Dividends
Dividend payout2.13%
Dividend payout, 3-year average2.13%
Dividend payout, 5-year average2.13%
Efficiency
Asset turnover0.95x
Fixed asset turnover10.16x
Inventory turnover3.96x
Inventory days92 days
Debtor days250 days
Debtors turnover1.46x
Creditor days98 days
Cash conversion cycle258 days
Working capital days211 days
Leverage
Total debtRs 53 Cr
Cash and bankRs 1 Cr
Net debtRs 52 Cr
Debt to equity0.48x
Net debt / EBITDA0.94x
Interest coverage12.31x
Owners' fund to total sources53.60%
Debt to assets25.52%
Cash flow
Cash from Operating Activity (latest year)Rs -11 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs 23 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -17 Cr
FCFE (approx.: FCF + change in debt)Rs 10 Cr
Cash from ops / profit, 5 years-0.76x
Statement figures
Net sales (TTM)Rs 207 Cr
Net sales (latest year)Rs 197 Cr
Sales (latest quarter)Rs 40 Cr
Operating profit excl. other income (latest year)Rs 52 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 55 Cr
PBDT (TTM)Rs 51 Cr
Profit before tax (TTM)Rs 48 Cr
Tax (latest year)Rs 13 Cr
Net profit (TTM)Rs 35 Cr
Net profit (latest year)Rs 35 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 125 Cr
Total expenditure (latest year)Rs 145 Cr
Total income (latest year)Rs 200 Cr
Share capitalRs 25 Cr
ReservesRs 86 Cr
Shareholders' fundsRs 111 Cr
Total assetsRs 207 Cr
Net blockRs 19 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 3 Cr
ReceivablesRs 135 Cr
InventoryRs 32 Cr
Other liabilitiesRs 43 Cr
Shares outstanding (crore)24.98
Ownership
Promoter holding21.06% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.6 is at the 15th percentile of its own 6.1-year range (median 41.3, low 9.7, high 311.1).
P/B 5.29 is at the 50th percentile (median 5.27).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRMDRIPNifty 50Difference
1 week-0.0%-2.8% +2.7 pts
1 month+7.9%-6.8% +14.7 pts
3 months+16.9%-7.6% +24.5 pts
6 months+2.7%+0.4% +2.3 pts
1 year-47.2%-9.9% -37.3 pts
2 years+76.0%-13.6% +89.5 pts
3 years+631.8%+14.2% +617.6 pts
5 years+2202.9%+27.9% +2175.0 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -73% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 23% of total assets in 2026
explainShare dilution Share count up 0% in a year, 272% in three
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹40 Cr +32.3% vs Jun 2025. Net profit ₹5 Cr +0.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Re 0.03 Per Share
2026-04-10Bonus 5:70.5833
2025-09-26Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2025-09-08Dividend - Re 0.50 Per Share
DateTypeWhat it says
2026-10-02Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-17Record DateRecord date for the purpose of Dividend is 23-Sep-2026.
2026-09-08Record DateRecord date for the purpose of Dividend is 23-Sep-2026.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-02Board meeting outcomeOutcome of Board Meeting held on September 02, 2026.
2026-08-14Board meeting outcomeR M Drip and Sprinklers Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07ResignationResignation of Director/KMP/SMP
2026-08-07CessationCessation of Ms Gracy Vijay Kale as Company Secretary & Compliance Officer of the company w.e.f. August 14, 2026.
2026-06-12Disclosure under SEBI TakeovMr. Nivrutti Pandurang Kedar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-06-09Disclosure under SEBI TakeovMr. Nivrutti Pandurang Kedar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-05-31Board meeting outcomeR M Drip and Sprinklers Systems Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-06General UpdatesGeneral Updates
2026-04-26General UpdatesGeneral Updates
2026-04-13General UpdatesAllotment of Bonus Equity Shares
2026-04-03Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-03-30UpdatesOutcome of Separate Meeting of Independent Directors.
2026-03-12Record DateRecord date for the purpose of Bonus is 10-Apr-2026.
2026-03-04Shareholder meetingNotice of Postal Ballot
2026-02-28Record DateRecord date for the purpose of Bonus is 07-Apr-2026.
2026-02-28BonusThe Board of Directors at its meeting held on February 28, 2026, have considered and approved bonus at the ratio of 5 : 7, i.e 5 Equity Shares for eve...
2026-02-26General UpdatesGeneral Updates
2026-02-16Press ReleaseA press release dated February 16, 2026, titled "Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,...
2026-02-13Reply to Clarification- FinaThe Exchange had sought clarification from R M Drip and Sprinklers Systems Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of ...
2026-02-10Clarification - Financial ReThe Exchange has sought clarification from R M Drip and Sprinklers Systems Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of ...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03