RM Drip and Sprinklers System Ltd.

•

₹ 18.372.06%

2026-08-21

rmdrip.comBSE: 544456NSE: RMDRIP

Market Cap₹ 760 Cr.

Current Price₹ 18

High / Low₹ 72 / 15

Stock P/E21.6

Book Value₹ 3

Price to Book14.20

Dividend Yield0.00 %

ROCE44.6 %

ROE41.7 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

Promoters have been increasing their shareholding - up 7.2pp over 2 years
Latest quarter profit grew 900.9% YoY, showing strong momentum
Company comfortably covers its interest (19.2x coverage)
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 355.5% year on year
Stock is trading at 14.2x its book value
Rich enterprise valuation - EV/EBITDA of 31.7x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BHEL	418.50	59.91	145724.35	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	THERMAX	4024.55	80.82	47955.05	0.50	21.79	-85.61	2302.73	7.09	15.85	2.98
3.	INDOMIM	966.60	89.58	47796.52	0.61	2401.22	—	12187.42	—	24.48	33.36
4.	KIRLOSENG	2081.95	55.47	30296.51	0.34	111.06	-20.05	1999.53	13.36	14.46	15.02
5.	JYOTICNC	951.90	67.29	21648.40	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	AZAD	2827.20	131.38	18258.55	0.00	35.16	19.46	172.60	25.90	12.28	37.29
7.	TRITURBINE	569.95	53.88	18118.62	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
8.	INOXINDIA	1932.55	68.83	17540.50	0.10	58.07	-4.98	370.79	9.18	33.54	20.46
9.	LLOYDSENGG	92.99	64.48	14423.11	0.27	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1724.35	613.12	12954.64	0.12	-108.25	-406.36	1723.44	383.99	18.56	3.27
11.	KRN	1502.65	101.46	9836.12	0.00	32.90	164.84	252.32	118.87	21.21	19.44
12.	RMDRIP	17.74	21.63	759.68	0.00	53.13	900.94	403.89	1225.10	44.64	22.15

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	17	17	48	48	30	31	75	61	404
	14	14	33	33	22	23	52	48	335
Operating Profit	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	0	0	2	0	0	1
Interest	0	0	1	1	1	1	1	0	12
Depreciation	1	1	1	1	1	1	1	1	9
	2	3	14	14	7	8	21	11	70
Tax %	27.04%	27.78%	24.76%	25.13%	27.36%	29.47%	32.89%	12.61%	24.14%
Net Profit	0	0	0	0	5	6	14	10	53
	1	1	0	0	2	2	1	0	0
Equity Capital	25	25	25	25	25	25	25	25	428
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	25	25	25	25	25	25	25	25	428
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2024

: 17
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 2
Tax %: 27.04%
Net Profit: 0
: 1
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 17
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 3
Tax %: 27.78%
Net Profit: 0
: 1
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 48
: 33
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 14
Tax %: 24.76%
Net Profit: 0
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 48
: 33
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 14
Tax %: 25.13%
Net Profit: 0
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 30
: 22
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 7
Tax %: 27.36%
Net Profit: 5
: 2
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 31
: 23
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 8
Tax %: 29.47%
Net Profit: 6
: 2
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 75
: 52
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 21
Tax %: 32.89%
Net Profit: 14
: 1
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 61
: 48
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 1
: 11
Tax %: 12.61%
Net Profit: 10
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 404
: 335
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 12
Depreciation: 9
: 70
Tax %: 24.14%
Net Profit: 53
: 0
Equity Capital: 428
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 428
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025	TTM
	50	131	571
	45	95	458
Operating Profit	9	37	—
OPM %	17	28	—
Other Income	3	1	3
Interest	0	2	14
Depreciation	1	3	11
	7	32	110
Tax %	24	26	25
Net Profit	5	24	83
EPS	4	10	—
Dividend Payout %	0	5	—
Minority Interest	0	-0	0
Share of Associates	0	0	0
Adjusted EPS	0	1	—
Minority Interest	0	-0	0
Share of Associates	0	0	0
Adjusted EPS	0	1	—

Mar 2024

: 50
: 45
Operating Profit: 9
OPM %: 17
Other Income: 3
Interest: 0
Depreciation: 1
: 7
Tax %: 24
Net Profit: 5
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 131
: 95
Operating Profit: 37
OPM %: 28
Other Income: 1
Interest: 2
Depreciation: 3
: 32
Tax %: 26
Net Profit: 24
EPS: 10
Dividend Payout %: 5
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 1

TTM

: 571
: 458
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 14
Depreciation: 11
: 110
Tax %: 25
Net Profit: 83
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: 72%
3 Years:: 87%
1 Year:: -56%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: —
Last Year:: 42%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
LIABILITIES	-	-
Equity Capital	15	25
	20	55
	5	9
Trade Payables	12	13
	16	57
Total Liabilities	68	159
ASSETS	-	-
	10	18
Capital Work in Progress	0	1
	11	19
	38	108
Cash & Bank	1	0
	8	11
Total Assets	68	159
Total Debt	6	26
Net Working Capital	29	80
Contingent Liabilities	0	0
Book Value per Share	23.55	32.03
Face Value	10.00	10.00
Total Debt	6	26
Net Working Capital	29	80
Contingent Liabilities	0	0
Book Value per Share	23.55	32.03
Face Value	10.00	10.00

Mar 2024

Equity Capital: 15
: 20
: 5
Trade Payables: 12
: 16
Total Liabilities: 68
: 10
Capital Work in Progress: 0
: 11
: 38
Cash & Bank: 1
: 8
Total Assets: 68
Total Debt: 6
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 23.55
Face Value: 10.00
Total Debt: 6
Net Working Capital: 29
Contingent Liabilities: 0
Book Value per Share: 23.55
Face Value: 10.00

Mar 2025

Equity Capital: 25
: 55
: 9
Trade Payables: 13
: 57
Total Liabilities: 159
: 18
Capital Work in Progress: 1
: 19
: 108
Cash & Bank: 0
: 11
Total Assets: 159
Total Debt: 26
Net Working Capital: 80
Contingent Liabilities: 0
Book Value per Share: 32.03
Face Value: 10.00
Total Debt: 26
Net Working Capital: 80
Contingent Liabilities: 0
Book Value per Share: 32.03
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
	-14	-27
Cash from Investing	-6	-9
Cash from Financing	20	36
	0	-0
Free Cash Flow	-14	-39
OCF / Net Profit	-2.54	-1.14
Cumulative 5-Year FCF	0	0
OCF / Net Profit	-2.54	-1.14
Cumulative 5-Year FCF	0	0

Mar 2024

: -14
Cash from Investing: -6
Cash from Financing: 20
: 0
Free Cash Flow: -14
OCF / Net Profit: -2.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: -2.54
Cumulative 5-Year FCF: 0

Mar 2025

: -27
Cash from Investing: -9
Cash from Financing: 36
: -0
Free Cash Flow: -39
OCF / Net Profit: -1.14
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.14
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Mar 2025
PER SHARE	-	-
EPS (₹)	3.59	9.61
Book Value (₹)	23.55	32.03
Dividend per Share (₹)	0.00	0.50
Cash EPS (₹)	0.25	0.62
PROFITABILITY	-	-
Operating Margin %	10.89%	27.37%
Net Margin %	10.76%	18.35%
ROE %	15.24%	41.69%
ROCE %	16.12%	44.64%
	7.96%	21.26%
EFFICIENCY	-	-
Debtor Days	275	203
Inventory Days	82	43
Payable Days	144	60
	213	186
FINANCIAL HEALTH	-	-
Debt to Equity (x)	0.16x	0.33x
Interest Coverage (x)	21.38x	19.18x
	2.19x	2.40x
GROWTH	-	-
Revenue Growth %	0.00%	160.98%
Operating Profit Growth %	0.00%	324.98%
Net Profit Growth %	0.00%	345.07%
	0.00%	167.83%
VALUATION	-	-
P/E (x)	38.74x	47.33x
P/B (x)	5.90x	14.20x
Dividend Yield %	0.00%	0.11%
	24.92x	31.72x

Mar 2024

EPS (₹): 3.59
Book Value (₹): 23.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.25
Operating Margin %: 10.89%
Net Margin %: 10.76%
ROE %: 15.24%
ROCE %: 16.12%
: 7.96%
Debtor Days: 275
Inventory Days: 82
Payable Days: 144
: 213
Debt to Equity (x): 0.16x
Interest Coverage (x): 21.38x
: 2.19x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 38.74x
P/B (x): 5.90x
Dividend Yield %: 0.00%
: 24.92x

Mar 2025

EPS (₹): 9.61
Book Value (₹): 32.03
Dividend per Share (₹): 0.50
Cash EPS (₹): 0.62
Operating Margin %: 27.37%
Net Margin %: 18.35%
ROE %: 41.69%
ROCE %: 44.64%
: 21.26%
Debtor Days: 203
Inventory Days: 43
Payable Days: 60
: 186
Debt to Equity (x): 0.33x
Interest Coverage (x): 19.18x
: 2.40x
Revenue Growth %: 160.98%
Operating Profit Growth %: 324.98%
Net Profit Growth %: 345.07%
: 167.83%
P/E (x): 47.33x
P/B (x): 14.20x
Dividend Yield %: 0.11%
: 31.72x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jul 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	13.86	13.86	13.88	17.78	21.06	21.06	21.06	21.06	21.06
	0.00	0.00	2.00	2.12	2.97	3.01	2.50	3.85	4.24
	0.00	0.00	0.00	0.00	0.35	0.35	0.35	0.10	0.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	86.14	86.14	84.12	80.10	75.62	75.57	76.09	75.00	74.60

Jun 2024

: 13.86
: 0.00
: 0.00
Government: 0.00
: 86.14

Sep 2024

: 13.86
: 0.00
: 0.00
Government: 0.00
: 86.14

Dec 2024

: 13.88
: 2.00
: 0.00
Government: 0.00
: 84.12

Mar 2025

: 17.78
: 2.12
: 0.00
Government: 0.00
: 80.10

Jul 2025

: 21.06
: 2.97
: 0.35
Government: 0.00
: 75.62

Sep 2025

: 21.06
: 3.01
: 0.35
Government: 0.00
: 75.57

Dec 2025

: 21.06
: 2.50
: 0.35
Government: 0.00
: 76.09

Mar 2026

: 21.06
: 3.85
: 0.10
Government: 0.00
: 75.00

Jun 2026

: 21.06
: 4.24
: 0.10
Government: 0.00
: 74.60

Documents

Announcements

Copy of Newspaper Publication
2026-08-17 - R M Drip and Sprinklers Systems Limited has informed the Exchange about Copy of Newspaper Publication
Outcome of Board Meeting
2026-08-14 - R M Drip and Sprinklers Systems Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Feb 2026
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