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RMDR

R M Drip and Sprinklers Systems NSEI:RMDRIP Stock Report

Last Price

₹17.25

Market Cap

₹121.4m

7D

4.5%

1Y

0.9%

Updated

18 May, 2022

Data

Company Financials
RMDRIP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

RMDRIP Stock Overview

R M Drip and Sprinklers Systems Limited manufactures and sells micro irrigation equipment in India.

R M Drip and Sprinklers Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for R M Drip and Sprinklers Systems
Historical stock prices
Current Share Price₹17.25
52 Week High₹28.65
52 Week Low₹12.75
Beta0.67
1 Month Change4.55%
3 Month Change28.25%
1 Year Change0.88%
3 Year Change-38.17%
5 Year Changen/a
Change since IPO-69.74%

Recent News & Updates

Sep 13
Calculating The Intrinsic Value Of R M Drip and Sprinklers Systems Limited (NSE:RMDRIP)

Calculating The Intrinsic Value Of R M Drip and Sprinklers Systems Limited (NSE:RMDRIP)

Today we will run through one way of estimating the intrinsic value of R M Drip and Sprinklers Systems Limited...

Shareholder Returns

RMDRIPIN MachineryIN Market
7D4.5%0.8%0.7%
1Y0.9%29.0%10.6%

Return vs Industry: RMDRIP underperformed the Indian Machinery industry which returned 29% over the past year.

Return vs Market: RMDRIP underperformed the Indian Market which returned 10.6% over the past year.

Price Volatility

Is RMDRIP's price volatile compared to industry and market?
RMDRIP volatility
RMDRIP Average Weekly Movementn/a
Machinery Industry Average Movement6.7%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.0%
10% least volatile stocks in IN Market4.8%

Stable Share Price: Insufficient data to determine RMDRIP's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine RMDRIP's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
199464Shyam Dashhttps://www.rmdrip.com

R M Drip and Sprinklers Systems Limited manufactures and sells micro irrigation equipment in India. It offers drip irrigation systems, such as online drip openable threaded drippers, flat drips, online drip lateral products, and pressure compensating drippers; and sprinkler irrigation systems comprising mini and micro sprinklers. The company also provides plastic disc filters, sand/gravel media filters, fertilizer injectors, fertigation tanks, and hydro-cyclone filters.

R M Drip and Sprinklers Systems Fundamentals Summary

How do R M Drip and Sprinklers Systems's earnings and revenue compare to its market cap?
RMDRIP fundamental statistics
Market Cap₹121.42m
Earnings (TTM)-₹9.45m
Revenue (TTM)₹204.97m

0.6x

P/S Ratio

-12.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RMDRIP income statement (TTM)
Revenue₹204.97m
Cost of Revenue₹111.86m
Gross Profit₹93.11m
Other Expenses₹102.56m
Earnings-₹9.45m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.41
Gross Margin45.43%
Net Profit Margin-4.61%
Debt/Equity Ratio72.2%

How did RMDRIP perform over the long term?

See historical performance and comparison

Valuation

Is R M Drip and Sprinklers Systems undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: RMDRIP (₹17.25) is trading below our estimate of fair value (₹192.67)

Significantly Below Fair Value: RMDRIP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RMDRIP is unprofitable, so we can't compare its PE Ratio to the Indian Machinery industry average.

PE vs Market: RMDRIP is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RMDRIP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RMDRIP is good value based on its PB Ratio (1x) compared to the IN Machinery industry average (2x).


Future Growth

How is R M Drip and Sprinklers Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.5%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as R M Drip and Sprinklers Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has R M Drip and Sprinklers Systems performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RMDRIP is currently unprofitable.

Growing Profit Margin: RMDRIP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RMDRIP is unprofitable, but has reduced losses over the past 5 years at a rate of 2.1% per year.

Accelerating Growth: Unable to compare RMDRIP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RMDRIP is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (46.3%).


Return on Equity

High ROE: RMDRIP has a negative Return on Equity (-8.31%), as it is currently unprofitable.


Financial Health

How is R M Drip and Sprinklers Systems's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: RMDRIP's short term assets (₹216.0M) exceed its short term liabilities (₹133.9M).

Long Term Liabilities: RMDRIP's short term assets (₹216.0M) exceed its long term liabilities (₹34.2M).


Debt to Equity History and Analysis

Debt Level: RMDRIP's net debt to equity ratio (68.1%) is considered high.

Reducing Debt: RMDRIP's debt to equity ratio has reduced from 258.4% to 72.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RMDRIP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RMDRIP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.1% per year.


Dividend

What is R M Drip and Sprinklers Systems's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate RMDRIP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RMDRIP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RMDRIP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RMDRIP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RMDRIP has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Shyam Dash (57 yo)

4.92yrs

Tenure

₹3,000,000

Compensation

Mr. Shyam Sundar Dash has been Managing Director of R M Drip and Sprinklers Systems Limited since June 30, 2017. He started his career with Nagarjuna Fertilizers and Chemicals Limited and ended as Head Op...


CEO Compensation Analysis

Compensation vs Market: Shyam's total compensation ($USD38.73K) is about average for companies of similar size in the Indian market ($USD38.54K).

Compensation vs Earnings: Shyam's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: RMDRIP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: RMDRIP's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RMDRIP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

R M Drip and Sprinklers Systems Limited's employee growth, exchange listings and data sources


Key Information

  • Name: R M Drip and Sprinklers Systems Limited
  • Ticker: RMDRIP
  • Exchange: NSEI
  • Founded: 1994
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹121.424m
  • Shares outstanding: 6.69m
  • Website: https://www.rmdrip.com

Number of Employees


Location

  • R M Drip and Sprinklers Systems Limited
  • Gat No. 475
  • Village Gonde
  • Nashik
  • Maharashtra
  • 422113
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.