R M Drip and Sprinklers Systems Limited (RMDRIP)
₹20.70 +2.78% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, R M's revenue was ₹40.4 Cr (+32.5% year on year, -33.9% on the previous quarter), and net profit ₹5.3 Cr (+0.0% year on year); the operating margin was 22.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹40.4 | +32.5% | -33.9% |
| Operating profit | ₹8.9 | +1.9% | -30.1% |
| Net profit | ₹5.3 | +0.0% | -46.8% |
| EPS (₹) | 0.12 | +0.0% | -47.8% |
| Operating margin | 22.2% | — | — |
RMDRIP exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 2 band closes in about the last 20 sessions.
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
R M Drip and Sprinklers Systems Limited issued a corrigendum correcting its recommended FY26 final dividend to ₹0.03 per share (face value ₹1/-), down from the erroneously stated ₹0.05 per share. The dividend was originally recommended at the Board meeting held on 30th May 2026 and remains subject to shareholder approval at the ensuing AGM. The Record Date to determine shareholder eligibility is confirmed as 23-Sep-2026.
- Corrected final dividend to ₹0.03 per equity share of ₹1 face value
- Typographical error previously stated the dividend at ₹0.05 per share
- Record date for dividend entitlement confirmed as 23-Sep-2026
- Dividend was initially recommended by the Board on 30-May-2026
R M Drip and Sprinklers Systems Limited has fixed September 23, 2026, as the revised Record Date for determining shareholder eligibility for its final dividend for FY26 and electronic voting at the upcoming AGM. The exact dividend amount per share was not disclosed in this specific filing. Once approved at the AGM, the dividend will be disbursed within 30 days. The company reported TTM PAT of Rs 35 Cr on revenue of Rs 207 Cr.
- Record date fixed as 23rd September 2026
- Applicable for equity shares of face value Rs 1 each
- Dividend payout to be completed within 30 days from shareholder approval at the AGM
- Final dividend pertains to the financial year ended 31st March 2026
R M Drip and Sprinklers Systems has issued notice for its 22nd Annual General Meeting scheduled for September 30, 2026. The company has recommended a final dividend of ₹0.05 per equity share of face value ₹1 for FY26, subject to shareholder approval. The record date for dividend eligibility is fixed as September 23, 2026. Other ordinary business includes the re-appointment of Managing Director Atharva Nivrutti Kedar, who retires by rotation.
- 22nd Annual General Meeting scheduled for September 30, 2026 via Video Conferencing
- Recommended final dividend of ₹0.05 per equity share (face value ₹1/-)
- Record date for dividend entitlement fixed as September 23, 2026
- Managing Director Atharva Nivrutti Kedar (remuneration ₹4,00,000 per month) retires by rotation and seeks re-appointment
R M Drip and Sprinklers Systems Limited has scheduled its Annual General Meeting (AGM) for the financial year ended March 31, 2026, on September 30, 2026, through video conferencing. The Board approved the draft Directors' Report and appointed M/s. Nuren Lodaya & Associates as scrutinizer for e-voting. The voting cut-off date is fixed for September 23, 2026, with the book closure period set from September 24 to September 30, 2026.
- AGM scheduled for September 30, 2026 via Video Conferencing/OAVM
- Cut-off date for e-voting eligibility set to September 23, 2026
- Book closure period fixed from September 24, 2026 to September 30, 2026
- Approved draft Directors' Report and annexures for FY ended March 31, 2026
R M Drip and Sprinklers Systems Limited held its Board meeting on August 14, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. Statutory auditors issued limited review reports with an unmodified conclusion on both standalone and consolidated numbers. The Board also formally noted the resignation of Ms. Gracy Vijay Kale as Company Secretary and Compliance Officer, effective August 14, 2026. The meeting commenced at 3:30 PM and concluded at 5:00 PM.
- Approved un-audited standalone and consolidated financial results for the quarter ended June 30, 2026
- Statutory auditors issued limited review reports with an unmodified conclusion
- Noted resignation of Ms. Gracy Vijay Kale as Company Secretary and Compliance Officer effective August 14, 2026
- Board meeting conducted on August 14, 2026, between 3:30 PM and 5:00 PM
R M Drip and Sprinklers Systems Limited has informed the exchanges that Ms. Gracy Vijay Kale has resigned from the position of Company Secretary and Compliance Officer. The resignation takes effect from August 14, 2026, and is attributed to personal reasons. The company confirmed that there are no other material reasons associated with her departure.
- Ms. Gracy Vijay Kale has resigned as Company Secretary and Compliance Officer
- Resignation is effective from August 14, 2026
- Reason stated is personal reasons with no other material factors
R M Drip and Sprinklers Systems Limited has announced the resignation of Ms. Gracy Vijay Kale from the position of Company Secretary and Compliance Officer, effective August 14, 2026. The resignation is attributed to personal reasons, as stated in the official filing. This change involves a Key Managerial Personnel (KMP) for the company, which currently has a market capitalization of Rs 200 Cr and TTM revenue of Rs 197 Cr. The company will need to appoint a successor to maintain its regulatory compliance obligations.
- Ms. Gracy Vijay Kale to step down as Company Secretary and Compliance Officer effective August 14, 2026
- Resignation is due to personal reasons as per the formal letter submitted to the Board
- Company reported TTM revenue of Rs 197.38 Cr and PAT of Rs 35.01 Cr for FY26
- Promoter holding remains stable at 21.06% as of June 2026
- Market capitalization stands at approximately Rs 200 Cr with a P/E of 5.7
R M Drip and Sprinklers Systems Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Pvt. Ltd., confirms that no rematerialization requests were received or processed for the quarter ended June 30, 2026. This is a standard administrative filing required for all listed entities to verify the integrity of electronic shareholding records. There is no impact on the company's financial position or operations.
- Compliance certificate submitted for the quarter ended 30th June 2026
- Issued by Registrar and Share Transfer Agent (RTA) Bigshare Services Pvt. Ltd.
- Confirms zero rematerialization requests were applicable during the reporting period
- Filing completed on 20th July 2026 in accordance with SEBI timelines
R M Drip and Sprinklers Systems Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially disclosed to the exchanges. This is a standard administrative procedure and does not impact the company's underlying business operations or financial health.
- Trading window closure begins on July 1, 2026, for all designated and connected persons.
- Closure is related to the upcoming unaudited financial results for the quarter ended June 30, 2026.
- The window will reopen 48 hours after the results are declared.
- Company reported TTM revenue of ₹197 Cr and a PAT of ₹35 Cr in the preceding periods.
Mr. Nivrutti Pandurang Kedar, representing the promoter group of R M Drip and Sprinklers Systems Limited, has filed a disclosure under Regulation 31(4) of SEBI (SAST) Regulations. The declaration confirms that the promoter group and persons acting in concert did not create any new encumbrances or pledges on their shares during the financial year 2025-26. The filing lists five members of the promoter group, with the lead promoter holding over 4.5 crore shares. This is a standard annual compliance procedure to ensure transparency regarding promoter share pledging.
- Promoter Nivrutti Pandurang Kedar holds 4,50,40,270 shares as of March 31, 2026.
- No new direct or indirect encumbrances were made by the promoter group during the 2025-26 financial year.
- Promoter group entities include Surekha Nivrutti Kedar (24,41,040 shares) and Kedar Nivrutti Pandurang (27,01,040 shares).
- The disclosure is a mandatory annual requirement under Regulation 31(4) of SEBI Takeover Regulations.
Mr. Nivrutti Pandurang Kedar, representing the promoter group of R M Drip and Sprinklers Systems Limited, has confirmed that no new encumbrances were created on their shares during the financial year 2025-26. The lead promoter, Nivrutti Pandurang Kedar, holds 4,50,40,270 shares as of March 31, 2026. Other family members in the promoter group, including Kedar Nivrutti Pandurang and Surekha Nivrutti Kedar, hold 27,01,040 and 24,41,040 shares respectively. This annual disclosure is a mandatory compliance under SEBI (SAST) Regulations to maintain transparency regarding promoter shareholding status.
- Promoter group confirms no fresh encumbrances or pledges were made during the financial year ending March 31, 2026.
- Lead promoter Nivrutti Pandurang Kedar holds a dominant stake of 4,50,40,270 shares.
- The disclosure includes five individuals belonging to the promoter and promoter group category.
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
R M Drip and Sprinklers Systems Limited reported a strong financial performance for FY26, with annual revenue from operations surging 51.7% to ₹197.42 crore from ₹130.11 crore in FY25. Net profit for the full year increased to ₹35.22 crore, up from ₹23.91 crore in the previous fiscal. The company's board has recommended a 3% dividend for FY26, signaling confidence in its growth trajectory. However, investors should note a significant increase in total borrowings and trade receivables, which nearly doubled to ₹135.22 crore.
- Annual Revenue from operations grew by 51.7% year-on-year to ₹197.42 crore.
- Net Profit for the full year FY26 increased by 47.3% to ₹35.22 crore compared to ₹23.91 crore in FY25.
- The Board of Directors recommended a dividend of 3% for the financial year 2025-26.
- Trade receivables increased significantly to ₹135.22 crore from ₹79.92 crore in the previous year.
- Total assets grew by 63% to ₹206.93 crore, supported by an increase in non-current borrowings to ₹35.29 crore.
RM Drip and Sprinklers Systems Limited's subsidiary, Brahmanand Pipes Private Limited, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra. The MoU outlines a proposed investment commitment of approximately ₹100 Crores for expansion and development activities within the state. Executed during the Nashik District Investment Summit, the investment aims to enhance manufacturing and operational capabilities. While the MoU represents a significant intent for growth, it is currently a preliminary, non-binding agreement subject to further approvals and feasibility assessments.
- Proposed investment commitment of approximately ₹100 Crores by subsidiary Brahmanand Pipes Private Limited.
- MoU signed with the Government of Maharashtra during the 'Kumbha Udyog 2026' Nashik District Investment Summit.
- Investment targeted at strengthening manufacturing and operational capabilities to support future growth.
- Agreement is preliminary in nature and subject to necessary regulatory approvals and implementation terms.
The Securities and Exchange Board of India (SEBI) initiated a search proceeding at the premises of the Promoter Directors of R M Drip and Sprinklers Systems Limited. The search, conducted under Section 11C (9) of the SEBI Act, began at 7:45 AM on April 22, 2026, and concluded at 2:00 AM on April 23, 2026. The company has stated that there is currently no material impact on its financial or business operations. However, the specific details regarding the alleged violations have not yet been disclosed by the authorities.
- Search conducted under Section 11C (9) of the SEBI Act, 1992, targeting Promoter Directors.
- The regulatory action lasted approximately 18 hours across April 22 and April 23, 2026.
- Company reports no immediate material impact on financials or business activities.
- Specific details of the alleged contraventions are currently unknown and awaited from SEBI.
R M Drip and Sprinklers Systems Limited has successfully allotted 17,84,28,571 bonus equity shares to its shareholders. The allotment was executed in a 5:7 ratio, meaning 5 new shares were issued for every 7 shares held as of the record date, April 10, 2026. This move has significantly expanded the company's paid-up equity share capital to Rs. 42.82 crore. Such bonus issues are typically aimed at improving stock liquidity and rewarding long-term investors.
- Allotted 17,84,28,571 fully paid-up bonus equity shares of Re. 1 face value each
- Bonus ratio of 5:7 (5 new shares for every 7 existing shares) applied for eligible shareholders
- Total paid-up equity capital increased to Rs. 42,82,28,571 comprising 42.82 crore shares
- Record date for determining eligibility was fixed as Friday, April 10, 2026
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 159.28% YoY, reaching INR 130.34 Cr in FY 2024-25 compared to INR 50.27 Cr in the previous year. Segment-specific growth percentages for drip and sprinkler systems are not explicitly broken down, but the overall surge is attributed to improved farming productivity and market connectivity.
Profitability Margins
The company achieved a significant turnaround with a PAT margin of 18.36% (INR 23.93 Cr profit) in FY 2024-25, compared to a net loss of INR 5.41 Cr in the previous year. PBT margin stood at 24.66% (INR 32.14 Cr).
EBITDA Margin
Core profitability (PBT margin) reached 24.66% in FY 2024-25, a substantial recovery from the negative margin recorded in the previous fiscal year when the company incurred a PBT loss of INR 7.14 Cr.
Capital Expenditure
The company reported the installation of new machineries to enhance technology and productivity, though the specific absolute INR Cr value for this expenditure was not disclosed in the provided text.
Credit Rating & Borrowing
Non-current borrowings increased by 110.15% in six months, rising from INR 16.16 Cr in March 2025 to INR 33.97 Cr by September 30, 2025. Total non-current liabilities stood at INR 37.14 Cr.
Operational Drivers
Capacity Expansion
The company has installed new machineries to cope with changing industry requirements and improve overall technology and productivity; however, current installed capacity in MT/units is not disclosed.
Manufacturing Efficiency
Efficiency is driven by the adoption of new technology and personnel training to tackle difficult market situations, aiming to improve quality and profitability.
Strategic Growth
Growth Strategy
Growth is targeted through direct farmer connectivity, providing quality services and requisite knowledge to maximize farming productivity. The company is also investing in new machinery to improve technology and training employees to handle open market challenges.
Products & Services
Drip irrigation systems, sprinkler systems, and related agricultural productivity services.
Brand Portfolio
R M Drip
Market Expansion
The company is focusing on directly connecting with farmers to provide knowledge and services, aiming to improve farm produce marketability.
External Factors
Industry Trends
The industry is shifting toward technology-integrated irrigation to maximize farm produce marketability and cope with open market conditions.
Competitive Landscape
The company operates in a competitive economy where human resource utilization and technological upgrades are critical for maintaining market position.
Competitive Moat
The company's moat is built on direct farmer engagement and providing integrated knowledge services alongside hardware, which is sustainable due to the high service requirement in rural markets.
Macro Economic Sensitivity
Highly sensitive to agricultural sector performance and farmer income levels, as the business model focuses on farming productivity.
Consumer Behavior
Farmers are increasingly seeking technological solutions to improve productivity and tackle difficult market situations.
Regulatory & Governance
Industry Regulations
Compliance with Section 133 of the Companies Act, 2013, and Indian Accounting Standards (AS/Ind AS 34) for financial reporting and revenue recognition.
Taxation Policy Impact
The effective tax rate for FY 2024-25 was approximately 25.5%, with a tax expense of INR 8.21 Cr on a PBT of INR 32.14 Cr.
Legal Contingencies
The company reported INR 0 in pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
A major uncertainty is the discrepancy between audited books and monthly returns filed with banks (e.g., INR 17.59 Cr difference in October), which management attributes to provisional data and unbilled revenue.
Technology Obsolescence Risk
The company mitigates technology risks by installing new machineries to meet the 'changing requirement of the industry'.
Credit & Counterparty Risk
Receivables include 'Unbilled Receivables' where performance obligations are met but invoicing is pending, requiring careful monitoring of ageing schedules.
