R M Drip & Sprinklers Systems Ltd

About R M Drip & Sprinklers Systems Ltd

R M Drip & Sprinklers Systems Ltd is a leading Indian manufacturer of micro-irrigation systems. The company specializes in producing and supplying a wide range of drip and sprinkler irrigation products, catering primarily to the agricultural sector. It focuses on aiding water conservation and increasing crop yield across India through its comprehensive product portfolio.

Key Financial Ratios of R M Drip & Sprinklers Systems Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. R M Drip & Sprinklers Systems Ltd's P/E ratio (TTM) is 21.98, compared to the industry median of 19.66 and large cap median of 17.34.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. R M Drip & Sprinklers Systems Ltd's P/B ratio is 6.96, compared to the industry median of 1.62 and large cap median of 1.62.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. R M Drip & Sprinklers Systems Ltd's P/S ratio is 3.54, compared to the industry median of 1.83 and large cap median of 1.57.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. R M Drip & Sprinklers Systems Ltd's PEG ratio is 0.78.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. R M Drip & Sprinklers Systems Ltd's EV/EBITDA ratio is 13.33.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. R M Drip & Sprinklers Systems Ltd's ROE is 31.53%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. R M Drip & Sprinklers Systems Ltd's ROA is 24.76%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. R M Drip & Sprinklers Systems Ltd's ROCE is 37%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. R M Drip & Sprinklers Systems Ltd's operating margin is 26.40%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. R M Drip & Sprinklers Systems Ltd's net margin is 17.77%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. R M Drip & Sprinklers Systems Ltd's current ratio is 2.94.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. R M Drip & Sprinklers Systems Ltd's debt-to-equity ratio is 0.33.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. R M Drip & Sprinklers Systems Ltd's interest coverage ratio is 17.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. R M Drip & Sprinklers Systems Ltd's DPS is ₹0.02.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. R M Drip & Sprinklers Systems Ltd's EPS is 46.43.

(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹18.02. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 2004 (as R. M. Drip & Sprinklers Systems Private Limited)

• Headquarters: Rajkot, Gujarat

• Core Offerings: Drip Irrigation Systems, Sprinkler Irrigation Systems, Filters, Fittings & Accessories

• Stock Listing: NSE (RMDRIP), BSE (544456)

• Promoter: Ramjibhai M. Kakadia / R.M. Kakadia Group

History of R M Drip & Sprinklers Systems Ltd

The business originated as a proprietorship firm in 1993, founded by Mr. Ramjibhai M. Kakadia.

• 2004: Incorporated as R. M. Drip & Sprinklers Systems Private Limited.

• 2010: Received its first CRISIL rating for bank facilities.

• 2017: Converted to a Public Limited Company and got listed on the NSE Emerge (SME platform).

• 2021: Migrated from NSE Emerge to the Main Board of both NSE and BSE.

• Present: Continues to be a key player in the micro-irrigation segment, manufacturing and supplying a wide range of products.

Business Segments and Revenue Mix

• Micro Irrigation Systems: Manufactures and supplies various types of drip irrigation systems, including inline, online, and microtube drippers, along with spray and mini-sprinkler systems, catering to diverse agricultural requirements for efficient water use.

• Filters and Accessories: Produces a comprehensive range of filtration units such as disc filters, screen filters, and hydro-cyclone filters, in addition to essential fittings and accessories for complete irrigation solutions, ensuring system longevity and operational efficiency.

• Manufacturing Facilities: Operates state-of-the-art manufacturing units in Rajkot, Gujarat, equipped with modern machinery for plastic extrusion, molding, and fabrication of various irrigation components.

Key Personnel

Mr. Ramjibhai M. Kakadia (Chairman & Managing Director): He is the founder and leads the company's strategic vision and day-to-day operations, bringing extensive experience and expertise in the micro-irrigation industry.

Subsidiaries and Associate Companies

No major subsidiaries reported.

Corporate Actions

Notable corporate actions include the company's IPO and listing on NSE Emerge in 2017, followed by migration to the Main Board of NSE and BSE in 2021. The company has also issued bonus shares in a 1:1 ratio in February 2023 and again in February 2024.

References

1. Annual Report 2023-24
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement