RMDRIP
R M Drip and Sprinklers Systems financials
- Market cap
- ₹1.0k Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 32.5%, net profit up 0.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 48 | 48 | 30 | 31 +80% | 75 +55% | 61 +27% | 40 +33% |
| EBITDA | 3 | 15 | 15 | 9 | 8 +176% | 23 +52% | 13 −11% | 9 +2% |
| Net profit | 2 | 10 | 10 | 5 | 6 +213% | 14 +37% | 10 −3% | 5 +0% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −96.9% 1Y
1Y: ₹750.4 on 10 Sept 2025 → ₹23.55. High ₹750.4 (10 Sept 2025), low ₹15.49 (3 Jun 2026).
Financials, as filed
Revenue grew 51.0% a year over 1 year, FY25 to FY26. Operating margin narrowed to 26.9%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹131 Cr | ₹197 Cr |
| Operating profit | ₹36 Cr | ₹53 Cr |
| Operating margin | 27.4% | 26.9% |
| Interest | ₹2 Cr | ₹4 Cr |
| Depreciation | ₹3 Cr | ₹4 Cr |
| Net profit | ₹24 Cr | ₹35 Cr |
| Net margin | 18.4% | 17.8% |
| Cash from operations | ₹-27 Cr | ₹-13 Cr |
| Free cash flow | ₹-39 Cr | ₹-21 Cr |
| ROCE | 44.0% | 37.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹15 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹26 Cr | ₹62 Cr | ₹86 Cr |
| Borrowings | ₹9 Cr | ₹8 Cr | ₹8 Cr | ₹6 Cr | ₹36 Cr | ₹54 Cr |
| Other liabilities | ₹6 Cr | ₹10 Cr | ₹9 Cr | ₹20 Cr | ₹32 Cr | ₹45 Cr |
| Total liabilities | ₹29 Cr | ₹31 Cr | ₹29 Cr | ₹67 Cr | ₹154 Cr | ₹210 Cr |
| Fixed assets | ₹7 Cr | ₹6 Cr | ₹5 Cr | ₹10 Cr | ₹20 Cr | ₹22 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr |
| Other assets | ₹22 Cr | ₹25 Cr | ₹24 Cr | ₹57 Cr | ₹132 Cr | ₹184 Cr |
| Total assets | ₹29 Cr | ₹31 Cr | ₹29 Cr | ₹67 Cr | ₹154 Cr | ₹210 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +1.27 pp while the public trimmed −1.02 pp. The shareholder count grew 3180% to 42,996.
- Promoters
- 21.1%
- FIIs
- 4.2%
- DIIs
- 0.1%
- Public
- 74.6%
Since Jun 2025
- FIIs +1.27 pp
- Public −1.02 pp
- DIIs −0.25 pp
How it drifted, 12 quarters
Over this window promoters fell from 27.6% to 21.1% — −6.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 27.6%, Public 72.4%.Dec '23: Promoters 23.0%, Public 77.0%.Mar '24: Promoters 23.0%, Public 77.0%.Jun '24: Promoters 13.9%, Public 86.1%.Sep '24: Promoters 13.9%, Public 86.1%.Dec '24: Promoters 13.9%, FIIs 2.0%, Public 84.1%.Mar '25: Promoters 17.8%, FIIs 2.1%, Public 80.1%.Jun '25: Promoters 21.1%, FIIs 3.0%, DIIs 0.3%, Public 75.6%.Sep '25: Promoters 21.1%, FIIs 3.0%, DIIs 0.3%, Public 75.6%.Dec '25: Promoters 21.1%, FIIs 2.5%, DIIs 0.3%, Public 76.1%.Mar '26: Promoters 21.1%, FIIs 3.9%, DIIs 0.1%, Public 75.0%.Jun '26: Promoters 21.1%, FIIs 4.2%, DIIs 0.1%, Public 74.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Shaila Sakharam Kedar newly disclosed 1.94% held
- India Emerging Giants Fund Limited FPI fund +0.60 pp 3.92% held
- Niraj Rajnikant Shah +0.10 pp 2.20% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of R M Drip and Sprinklers Systems Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Nivrutti Pandurang Kedar | 18.03% | unchanged |
| Kunal Haresh Mehta | 12.00% | unchanged |
| Roopal Hitesh Kawa | 7.22% | unchanged |
| Smita Haresh Mehta | 3.95% | unchanged |
| India Emerging Giants Fund Limited FPI fund | 3.92% | +0.60 pp |
| Rushabh Sevantilal Sanghavi | 3.63% | unchanged |
| Hitesh Natwarlal Kawa . | 2.99% | unchanged |
| Natwarlal K Kawa, Huf | 2.71% | unchanged |
| Niraj Rajnikant Shah | 2.20% | +0.10 pp |
| Raj Narendra Mehta | 2.16% | unchanged |
| Shaila Sakharam Kedar | 1.94% | newly disclosed |
| Meet Narendrabhai Mehta | 1.80% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹24, this stock must grow earnings at 32% every year for 7 years. Our analysis caps realistic growth at ~41%. At that growth it is worth ₹37 — upside of 57%.
- Growth the price implies
- 31.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 42.0% a year
- net profit, FY25–FY26 · EPS 41.1%
- The gap
- -0.1 pp
- 57% downside if it only repeats history
Learn to analyse R M Drip and Sprinklers Systems Limited
Guides on how to read this kind of business and the numbers that matter.