R M Drip & Sprinklers Systems Ltd.

NSE: RMDRIP · Plastic Products - Industrial

52W Range₹15 ₹807

Snapshot

Unlock R M Drip & Sprinklers Systems Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

R M Drip & Sprinklers Systems Ltd. designs, manufactures, and markets micro-irrigation equipment, including drip systems, sprinklers, and HDPE pipes. The company also provides comprehensive installation and design services to support agricultural water management.

Business Model

The company generates revenue through the sale of irrigation components and systems, complemented by value-added services such as system design and installation for farmers and irrigation manufacturers.

Growth Outlook

Growth is driven by the increasing adoption of water-efficient irrigation technologies in Indian agriculture and the expansion of infrastructure for micro-irrigation systems.

Key Risks

  • Monsoon Dependency. The company's performance is highly sensitive to agricultural cycles and the adequacy of monsoon rainfall, which dictates farmer spending on irrigation.
  • Raw Material Price Volatility. Fluctuations in the prices of polymers and plastic resins directly impact manufacturing costs and profit margins.
  • Government Policy Risk. Changes in government subsidies for micro-irrigation equipment can significantly influence demand and market penetration.
  • Competitive Intensity. The micro-irrigation sector faces stiff competition from both large organised players and numerous unorganised local manufacturers.

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Key Metrics

P/E

6.1x

Q1 FY27 · consolidated

6.1 vs 3.9x5Y avg

EV/EBITDA

17.5x

Q1 FY27 · consolidated

17.5 vs 16.1x5Y avg

NET PROFIT MARGIN

13.1%

Q1 FY27 · consolidated

-4.3 ppYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
R M Drip & Sprinklers Systems Ltd.RMDRIP
₹905 Cr6.1117.5226.4%36.7%40.5%-97.2%
Premier PolyfilmPREMIERPOL
₹999 Cr28.4719.0519.2%14.3%26.4%34.0%+103.0%
Prakash PipesPPL
₹627 Cr12.697.436.1%10.2%10.7%14.7%-19.0%
Dhabriya Polywood LimitedDHABRIYA
₹545 Cr18.0810.9714.4%21.2%28.1%34.1%+30.9%
Shish IndustriesSHISHIND
₹544 Cr67.8932.7315.6%13.3%6.3%8.8%+37.8%
Captain PolyplasCPL
₹374 Cr13.309.9745.5%11.1%16.3%24.0%-9.7%

As of Q1 FY27

Financials