🔍

RMDRIP - R M Drip & Sprin

📊 NSE: RMDRIP 🏢 Plastics Products 📅 Last Updated: 12/14/2025 11:26

📢 Recent Corporate Announcements

RMDRIP Sets April 10, 2026, as Revised Record Date for Bonus Issue

🟡 NEUTRAL ⭐ 6/10

ROUTINE 📅 12 Mar 2026, 12:04 PM

R M Drip and Sprinklers Systems Limited has announced a revised record date of April 10, 2026, for its upcoming bonus equity share issue. This update follows a previous intimation from February 2026 and complies with the latest SEBI listing regulations. The deemed date for the allotment of these bonus shares is scheduled for April 13, 2026. Investors must hold the company's shares by the record date to be eligible for the bonus entitlement.

Revised Record Date for bonus share entitlement is fixed for April 10, 2026
Deemed date of allotment for the bonus shares is April 13, 2026
Revision follows SEBI Circular No. SEBI/HO/CFD/PoD/2024/122 regarding corporate actions
The announcement updates the previous intimation dated February 28, 2026

💡 Investors interested in the bonus shares should ensure they hold the stock before the ex-date to qualify for the entitlement. No action is required for existing long-term shareholders other than monitoring the credit of shares post-allotment.

RMDRIP Announces 5:7 Bonus Issue; Record Date Set for April 7, 2026

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 28 Feb 2026, 03:23 PM

R M Drip and Sprinklers Systems Limited has approved a bonus issue in the ratio of 5:7, meaning shareholders will receive 5 new shares for every 7 held. The record date to determine eligibility is April 7, 2026. The company will capitalize Rs. 17.84 crore from its retained earnings of Rs. 54.95 crore for this issuance. Additionally, the authorized share capital is being increased from Rs. 31.5 crore to Rs. 50 crore to accommodate the new shares.

Bonus issue ratio of 5:7 (5 new shares for every 7 existing shares).
Record date for determining shareholder entitlement is April 7, 2026.
Issuance of 17,84,28,571 new equity shares capitalizing Rs. 17.84 crore.
Authorized share capital increased to Rs. 50 crore from Rs. 31.5 crore.
Bonus shares expected to be credited or dispatched by April 27, 2026.

💡 Investors looking to benefit from the bonus issue should ensure they hold the shares before the ex-date. Be aware that the market price per share will adjust proportionally on the ex-bonus date.

RMDRIP Reports 65% Revenue Growth and 81% PAT Surge in 9M FY26 Investor Update

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 26 Feb 2026, 09:00 AM

R M Drip and Sprinklers Systems Limited (RMDRIP) demonstrated robust financial growth in 9M FY26, with revenue increasing 65% YoY to ₹136.30 crore. Profit After Tax (PAT) surged 81% YoY to ₹24.93 crore, driven by a significant EBITDA margin expansion of 383 basis points to 29.05%. The company has aggressively scaled its distribution, reaching 1,000 dealers across 12 states, and formed a strategic partnership with Godrej Agrovet. Furthermore, RMDRIP is diversifying into IoT-based smart irrigation, targeting a 5% revenue contribution from this segment by FY27.

9M FY26 Revenue from operations grew 65% YoY to ₹13,629.95 Lakhs.
EBITDA margins expanded significantly by 383 basis points YoY to 29.05%.
Dealer network grew 3.3x from 300 in FY24 to 1,000 in 9M FY26, with a target of 2,000 by FY30.
Strategic tie-up with Godrej Agrovet to offer products across 25 stores PAN India.
Proposed a new manufacturing plant at Sinnar with a planned capacity of 12,000 MT per annum.

💡 Investors should monitor the company's ability to maintain high margins as it scales its dealer network and enters the IoT segment. The Godrej Agrovet partnership and expansion into 12 states provide strong visibility for continued revenue growth.

RMDRIP Enters Smart Irrigation; Targets 5% Revenue in FY27 & 24.1% Market CAGR

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 16 Feb 2026, 09:56 AM

R M Drip and Sprinklers Systems Limited (RMDRIP) has announced a strategic entry into IoT-based smart irrigation and farm automation starting March 2026. The company aims to capture a share of the Indian irrigation automation market, which is projected to grow at a 24.1% CAGR to reach USD 899 million by 2030. This initiative is expected to contribute approximately 5% of total revenue in FY27, with a 30% growth rate anticipated for the segment thereafter. The shift from hardware-only to an integrated hardware-software model is designed to create high-margin recurring revenue streams.

Entry into IoT-based smart irrigation starting March 2026 to drive technology-led growth.
Segment expected to contribute ~5% of revenue in FY27 with 30% annual growth thereafter.
Targeting an Indian automation market projected to reach USD 899 million by 2030 at a 24.1% CAGR.
Leveraging 1,000+ dealer touchpoints and existing 22,000 MTPA manufacturing capacity.
Transitioning to a hardware + software model to generate recurring revenue from apps and analytics.

💡 This is a significant value-unlocking move into a high-margin tech segment; investors should watch for the successful integration of the software platform and its impact on the 18.35% PAT margin.

RMDRIP Clarifies XBRL Filing Discrepancy in Q3 FY26 Financial Results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Feb 2026, 05:50 PM

R M Drip and Sprinklers Systems Limited has responded to a clarification sought by the National Stock Exchange regarding its Q3 FY26 results. The company identified a discrepancy between the figures reported in the XBRL format and the PDF version submitted on January 29, 2026. Management clarified that this was a clerical error during the upload process and that the PDF version contains the accurate financial data. A revised XBRL file has been submitted, and the company confirms there is no change to the actual financial results approved by the Board.

NSE sought clarification on discrepancies between XBRL and PDF filings for the quarter ended December 31, 2025.
Company attributes the mismatch to an inadvertent clerical or technical error during the XBRL data entry.
Confirmed that the PDF version of the Consolidated Financial Results reflects the correct figures as approved on January 29, 2026.
A revised and corrected XBRL file has been filed with the exchange to ensure consistency.
Management confirms no change in the underlying financial performance or board-approved numbers.

💡 This is a procedural correction with no impact on the company's fundamentals or financial health. Investors should refer to the PDF filings for accurate financial data for the December 2025 quarter.

Independent Director Kavita Ashish Pandare Resigns from RMDRIP

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jan 2026, 01:02 PM

Mrs. Kavita Ashish Pandare has resigned from her position as an Independent Director at R M Drip and Sprinklers Systems Limited effective January 30, 2026. The resignation is attributed to personal considerations, and the director has confirmed there are no other material reasons for her departure. She currently holds a directorship at Transglobe Foods Limited. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations, 2015.

Resignation of Independent Director Mrs. Kavita Ashish Pandare effective January 30, 2026
Departure cited as being due to personal considerations with no other material reasons
Director maintains a directorship at Transglobe Foods Limited
Compliance disclosure submitted under Regulation 30 of SEBI (LODR) Regulations

💡 No immediate action is required as this is a routine board change. Investors should monitor for the appointment of a replacement to ensure continued board independence and regulatory compliance.

RMDRIP Q3 FY26 PAT Jumps 36.5% YoY; Completes Acquisition for 50% Capacity Expansion

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 30 Jan 2026, 08:54 AM

RMDRIP reported a robust Q3 FY26 with consolidated revenue growing 55% YoY to ₹7,463.50 lakh and PAT increasing 36.5% YoY to ₹1,401.62 lakh. The company achieved significant sequential growth, with EBITDA margins expanding by 334 bps to 30.24% due to better capacity utilization. Additionally, the company completed the 100% acquisition of Brahmanand Pipes, which is set to boost production capacity by 50% through a new 12,000 MTPA facility. This expansion is slated for commercial production by Q2 FY27, positioning the firm for sustained growth in the micro-irrigation sector.

Revenue from operations surged 55.05% YoY and 139% QoQ to ₹7,463.50 lakh
EBITDA grew 51.71% YoY to ₹2,257.04 lakh with margins expanding to 30.24%
Profit After Tax (PAT) increased 36.50% YoY to ₹1,401.62 lakh
Completed 100% acquisition of Brahmanand Pipes Private Limited to drive ~50% capacity expansion
New Sinnar facility (12,000 MTPA) expected to start commercial production in Q2 FY27

💡 Investors should note the strong sequential recovery and margin expansion as signs of operational efficiency. The upcoming 50% capacity expansion provides clear revenue visibility for FY27, making this a positive development for long-term growth.

RMDRIP Subsidiary Acquires Land for New Unit; Capacity to Increase by 50%

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 29 Jan 2026, 07:24 PM

R M Drip and Sprinklers Systems Limited's wholly-owned subsidiary, Brahmanand Pipes Private Limited, has successfully acquired land in Sinnar, Nashik, for a new manufacturing facility. This state-of-the-art unit will have an installed capacity of 12,000 metric tonnes per annum, boosting the company's total production capacity by approximately 50%. Construction is slated for completion by Q1 FY2026-27, with commercial production expected to start in Q2 FY2026-27. This expansion is designed to scale operations and improve market positioning significantly.

Acquisition of land completed in Sinnar, Nashik for a new manufacturing unit via subsidiary Brahmanand Pipes.
Proposed facility to have an installed capacity of 12,000 metric tonnes per annum.
Expansion expected to increase the company's overall production capacity by approximately 50%.
Commercial production targeted to commence in Q2 of the financial year 2026-27.
Strategic move aimed at enhancing manufacturing footprint and supporting future revenue growth.

💡 Investors should view this as a positive long-term growth driver that significantly expands the company's scale. Monitor the project's execution timeline and the company's ability to secure orders for the additional 12,000 MT capacity.

RMDRIP Completes 100% Acquisition of Brahmanand Pipes; Capacity to Increase by 50%

🟢 POSITIVE ⭐ 8/10

M&A 📅 29 Jan 2026, 07:12 PM

R M Drip and Sprinklers Systems Limited has successfully completed the 100% acquisition of Brahmanand Pipes Private Limited for a cash consideration of Rs. 10 lakhs. This strategic acquisition is expected to boost the company's overall manufacturing capacity by approximately 50%, facilitating significant operational scaling. Alongside the acquisition, the company announced a major leadership transition with Mr. Atharva Nivrutti Kedar being appointed as the new Managing Director. The board also approved the unaudited financial results for the quarter ended December 31, 2025.

Acquired 100% equity (1,00,000 shares) of Brahmanand Pipes Private Limited for a total consideration of Rs. 10,00,000.
The acquisition is projected to increase the company's total production capacity by approximately 50%.
Mr. Atharva Nivrutti Kedar appointed as Managing Director for a 3-year term starting January 29, 2026.
Former CMD Mr. Nivrutti Pandurang Kedar transitions to Chairman and Non-Executive Director role.
Ms. Neha Karekar Pramod appointed as Additional Non-Executive Independent Women Director for 5 years.

💡 Investors should view the 50% capacity expansion as a significant growth lever and monitor the execution of this new capacity. The clear management succession plan provides long-term leadership stability which is a positive sign for governance.

RMDRIP Completes 100% Acquisition of Brahmanand Pipes; Capacity to Increase by 50%

🟢 POSITIVE ⭐ 8/10

M&A 📅 29 Jan 2026, 07:09 PM

R M Drip and Sprinklers Systems Limited has successfully completed the acquisition of 100% equity in Brahmanand Pipes Private Limited for a cash consideration of Rs. 10 lakhs. This strategic acquisition is expected to expand the company's manufacturing capacity by approximately 50%, significantly scaling operations. The board also announced a leadership transition, appointing Mr. Atharva Nivrutti Kedar as the new Managing Director for a three-year term. Additionally, the company approved its unaudited financial results for the quarter ended December 31, 2025.

Acquired 100% stake in Brahmanand Pipes Private Limited for a total cash consideration of Rs. 10,00,000.
The acquisition is projected to increase the company's overall production capacity by approximately 50%.
Mr. Atharva Nivrutti Kedar appointed as Managing Director for 3 years, succeeding Mr. Nivrutti Pandurang Kedar.
Ms. Neha Karekar Pramod appointed as Additional Non-Executive Independent Women Director for a 5-year term.
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.

💡 Investors should view the 50% capacity expansion as a significant growth lever and monitor the execution of this expansion. The leadership transition to the next generation of the promoter family should be watched for continuity in operational performance.

RMDRIP H1 FY26 Net Profit Jumps 210% to ₹11.04 Cr; Revenue Up 78% YoY

🔵 WATCH ⭐ 7/10

EARNINGS 📅 20 Jan 2026, 05:36 PM

R M Drip and Sprinklers Systems Limited reported a strong financial performance for H1 FY26, with consolidated revenue rising 78.2% YoY to ₹61.66 crore. Consolidated net profit surged by 210.8% to ₹11.04 crore compared to ₹3.55 crore in the same period last year. Despite the high profitability, the company reported a negative operating cash flow of ₹5.96 crore, primarily driven by a significant increase in trade receivables. Long-term borrowings also doubled to ₹33.97 crore to support business expansion and working capital needs.

Consolidated Revenue for H1 FY26 grew 78.2% YoY to ₹6,166.45 lakhs from ₹3,460.96 lakhs.
Consolidated Net Profit increased 210.8% YoY to ₹1,103.79 lakhs from ₹355.19 lakhs.
Trade Receivables rose to ₹10,153.56 lakhs, representing a 27% increase since March 2025.
Net Cash from Operating Activities was negative at ₹595.66 lakhs due to working capital pressure.
Non-current borrowings increased to ₹3,396.58 lakhs from ₹1,616.29 lakhs in March 2025.

💡 Investors should weigh the impressive profit growth against the high trade receivables and negative operating cash flow. The company's ability to convert its high sales into actual cash and manage its rising debt levels will be critical for long-term sustainability.

RMDRIP to Expand Manufacturing Capacity by 50% with New 12,000 MTPA Unit

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 12 Jan 2026, 09:15 PM

RM Drip and Sprinklers Systems Limited has approved the establishment of a new manufacturing facility in Sinnar, Maharashtra, through its proposed wholly owned subsidiary, Brahmanand Pipes Private Limited. This unit will add 12,000 metric tonnes per annum (MTPA) to the company's capacity, representing a significant 50% increase in total production capability. The expansion aims to capture rising demand in irrigation, water infrastructure, and telecom sectors while improving operating leverage and margins. The move also positions the company to benefit from government infrastructure spending and agricultural GST reductions.

New manufacturing unit to have an installed capacity of approximately 12,000 metric tonnes per annum
Total manufacturing capacity of the company to increase by approximately 50% following this expansion
Facility to be established via Brahmanand Pipes Private Limited, a proposed wholly owned subsidiary
Product diversification includes HDPE pipes, telecom ducts, and sewerage pipelines to reduce concentration risk
Strategic alignment with government infrastructure spending and GST reductions in the agriculture sector

💡 The 50% capacity expansion is a strong growth signal; investors should track the project's commissioning timeline and subsequent revenue growth. Monitor the company's ability to secure large government and institutional orders to utilize this new capacity effectively.

RMDRIP to Expand Capacity by 50% with New 12,000 MTPA Manufacturing Unit in Nashik

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 12 Jan 2026, 09:13 PM

R M Drip and Sprinklers Systems Limited has approved the setup of a new manufacturing unit in Sinnar, Nashik, which will increase its total production capacity by approximately 50%. The new facility will add 12,000 metric tonnes per annum (MTPA) to meet rising demand in agriculture and infrastructure sectors, supported by a favorable 5% GST rate. The project is necessary as existing capacity utilization has reached approximately 90%. Commercial production is expected to commence in Q2 FY 2026-27, funded through internal sources, debt, and fresh equity.

Proposed capacity addition of 12,000 metric tonnes per annum (MTPA)
Overall production capacity to increase by approximately 50% from current levels
Existing manufacturing facilities are operating at a high utilization rate of approximately 90%
Commercial production is scheduled to begin in the second quarter of FY 2026-27
Financing to be sourced via promoter contribution, loans, and fresh equity investment

💡 Investors should monitor the timeline for land acquisition by February 2026 and watch for details regarding the fresh equity issuance which may lead to equity dilution. The significant 50% capacity expansion indicates strong management confidence in future demand.

RMDRIP Files Routine Share Demat Compliance for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 08:59 PM

R M Drip and Sprinklers Systems Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the period ending December 31, 2025. The company's registrar, Bigshare Services Pvt. Ltd., confirmed that no rematerialization requests were processed during the quarter. Notably, the entire shareholding of the company is already maintained in dematerialized form. This filing is a standard procedural requirement for listed companies and does not impact business operations.

Submission of Regulation 74(5) certificate for the quarter ended December 31, 2025
Registrar confirms 100% of shares are currently held in dematerialized form
Zero rematerialization requests received from members during the reporting period

💡 This is a routine regulatory filing with no impact on the company's fundamentals; no action is required from investors.

RMDRIP Reports Full Demat Compliance for Quarter Ended December 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 03:47 PM

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 company's registrar, Bigshare Services Pvt. Ltd., confirmed that the entire shareholding of the company is already held in dematerialized form. No requests for rematerialization were received from any shareholders during the quarter ended December 31, 2025. This is a standard administrative filing required by all listed entities in India.

Compliance certificate issued for the quarter ended December 31, 2025
100% of the company's shares are confirmed to be in dematerialized form
Zero requests for rematerialization were received during the reporting period
Confirmation provided by Registrar and Share Transfer Agent, Bigshare Services Pvt. Ltd.

💡 No action is required from investors as this is a routine regulatory filing confirming the status of shareholding records.

View All RMDRIP Announcements on Live Market Tracking →

💰 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.