NSEI:RMDRIP

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R M Drip and Sprinklers Systems

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

How has R M Drip and Sprinklers Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RMDRIP is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RMDRIP's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

-2.5%

RMDRIP

0.6%

IN Machinery

2.1%

IN Market


1 Year Return

159.5%

RMDRIP

7.3%

IN Machinery

7.0%

IN Market

Return vs Industry: RMDRIP exceeded the Indian Machinery industry which returned 7.3% over the past year.

Return vs Market: RMDRIP exceeded the Indian Market which returned 7% over the past year.


Shareholder returns

RMDRIPIndustryMarket
7 Day-2.5%0.6%2.1%
30 Day-5.3%10.2%9.1%
90 Day-9.6%6.8%9.3%
1 Year159.5%159.5%9.2%7.3%9.0%7.0%
3 Year-32.4%-32.4%-14.1%-17.8%6.7%1.5%
5 Yearn/a18.3%10.5%53.5%42.0%

Long-Term Price Volatility Vs. Market

How volatile is R M Drip and Sprinklers Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

12.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RMDRIP (₹50.6) is trading above our estimate of fair value (₹19.75)

Significantly Below Fair Value: RMDRIP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RMDRIP is good value based on its PE Ratio (12.1x) compared to the IN Machinery industry average (20.4x).

PE vs Market: RMDRIP is good value based on its PE Ratio (12.1x) compared to the Indian market (17.1x).


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 overvalued based on its PB Ratio (2.5x) compared to the IN Machinery industry average (1.1x).


Next Steps

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?

39.4%

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.


Next Steps

Past Performance

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

-18.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RMDRIP has high quality earnings.

Growing Profit Margin: RMDRIP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RMDRIP has become profitable over the past 5 years, growing earnings by -18.7% per year.

Accelerating Growth: RMDRIP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RMDRIP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-8.1%).


Return on Equity

High ROE: RMDRIP's Return on Equity (20.7%) is considered high.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: RMDRIP's short term assets (₹199.8M) exceed its short term liabilities (₹101.7M).

Long Term Liabilities: RMDRIP's short term assets (₹199.8M) exceed its long term liabilities (₹28.3M).


Debt to Equity History and Analysis

Debt Level: RMDRIP's debt to equity ratio (61.2%) is considered high.

Reducing Debt: RMDRIP's debt to equity ratio has reduced from 203.1% to 61.2% over the past 5 years.

Debt Coverage: RMDRIP's debt is well covered by operating cash flow (21.2%).

Interest Coverage: RMDRIP's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RMDRIP's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Shyam Dash (56 yo)

3.42yrs

Tenure

₹2,574,000

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 ($USD34.87K) is below average for companies of similar size in the Indian market ($USD50.36K).

Compensation vs Earnings: Shyam's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Vijaykumar Kshirsagar
Executive Chairman3.42yrs₹12.00k12.27%
₹ 42.7m
Shyam Dash
MD & Director3.42yrs₹2.57m9.16%
₹ 31.9m
Vijayeta Mudliar
Chief Financial Officer2.58yrs₹572.30kno data
Anita Pagare
Company Secretary & Compliance Officer3.33yrs₹148.82kno data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: RMDRIP's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vijaykumar Kshirsagar
Executive Chairman3.42yrs₹12.00k12.27%
₹ 42.7m
Shyam Dash
MD & Director3.42yrs₹2.57m9.16%
₹ 31.9m
Kewal Handa
Independent Director3.42yrs₹24.00kno data
Kedar Pandurang
Non-Executive Vice Chairman3.42yrs₹18.00k20.29%
₹ 70.6m
Arjun Makani
Non Executive Director6.17yrs₹12.00k20.32%
₹ 70.7m
Madhav Ganpule
Independent Director3.42yrs₹27.00kno data
Ulka Kulkarni
Independent Director3.42yrs₹33.00kno data

3.4yrs

Average Tenure

58yo

Average Age

Experienced Board: RMDRIP's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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 company bio, 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
  • Market Cap: ₹347.880m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMDRIPNSEI (National Stock Exchange of India)YesEquity SharesININROct 2017

Biography

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 dri...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 12:16
End of Day Share Price2020/11/27 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.