RM Drip & Sprinklers
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The Enforcement Directorate searched the registered office of R M Drip and Sprinklers Systems at Gonde, Sinnar and the residential premises of its promoter from 16 October to 17 October 2026. The operation began at 7.15 a.m. on 16 October and ended at 2.35 a.m. on 17 October, with the company assessing no material impact on financial position or operations from the information available at the time. R M Drip designed and manufactured micro-irrigation equipment and components and reported consolidated revenue of Rs197.38 crore in the year to March 2026. Trade receivables stood at Rs136.7 crore at the end of March against borrowings of Rs53.6 crore. The Securities and Exchange Board of India passed a settlement order against its promoter in November 2024.
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The Enforcement Directorate searched the registered office of R M Drip and Sprinklers Systems at Gonde, Sinnar and the residential premises of its promoter from 16 October to 17 October 2026. The operation began at 7.15 a.m. on 16 October and ended at 2.35 a.m. on 17 October, with the company assessing no material impact on financial position or operations from the information available at the time. R M Drip designed and manufactured micro-irrigation equipment and components and reported consolidated revenue of Rs197.38 crore in the year to March 2026. Trade receivables stood at Rs136.7 crore at the end of March against borrowings of Rs53.6 crore. The Securities and Exchange Board of India passed a settlement order against its promoter in November 2024.
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Feb 23 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
BOARD MEETING TO CONSIDER BONUS SECURITIES PROPOSAL
Source text: ID:nBSE4w5N2k
Further company coverage: RMDR.NS
(([email protected];))
Feb 23 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
BOARD MEETING TO CONSIDER BONUS SECURITIES PROPOSAL
Source text: ID:nBSE4w5N2k
Further company coverage: RMDR.NS
(([email protected];))
Feb 16 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
RM DRIP & SPRINKLERS SYSTEMS LTD - ENTERS SMART IRRIGATION AUTOMATION
Source text: ID:nNSE57JmV
Further company coverage: RMDR.NS
(([email protected];))
Feb 16 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
RM DRIP & SPRINKLERS SYSTEMS LTD - ENTERS SMART IRRIGATION AUTOMATION
Source text: ID:nNSE57JmV
Further company coverage: RMDR.NS
(([email protected];))
April 3 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
RM DRIP & SPRINKLERS SYSTEMS - APPROVES WITHDRAWAL OF PROPOSED RIGHTS ISSUE UP TO 270 MILLION RUPEES
Source text: ID:nNSE6vnY9D
Further company coverage: RMDR.NS
(([email protected];;))
April 3 (Reuters) - RM Drip & Sprinklers Systems Ltd RMDR.NS:
RM DRIP & SPRINKLERS SYSTEMS - APPROVES WITHDRAWAL OF PROPOSED RIGHTS ISSUE UP TO 270 MILLION RUPEES
Source text: ID:nNSE6vnY9D
Further company coverage: RMDR.NS
(([email protected];;))
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What does RM Drip & Sprinklers do?
RM Drip and Sprinklers System manufactures and sells micro irrigation systems including drip and sprinkler systems, along with components and accessories. They also provide assistance to farmers for designing and installing irrigation systems.
Who are the competitors of RM Drip & Sprinklers?
RM Drip & Sprinklers major competitors are Bajaj Steel Inds., Axtel Industries, Forbes PrecisionTool, Salasar Techno Engg., Hy-Tech Engineers, Technocrats Plasma, Apsis Aerocom. Market Cap of RM Drip & Sprinklers is ₹661 Crs. While the median market cap of its peers are ₹687 Crs.
Is RM Drip & Sprinklers financially stable compared to its competitors?
RM Drip & Sprinklers seems to be less financially stable compared to its competitors. Altman Z score of RM Drip & Sprinklers is 6.85 and is ranked 5 out of its 8 competitors.
Does RM Drip & Sprinklers pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. RM Drip & Sprinklers latest dividend payout ratio is 2.14% and 3yr average dividend payout ratio is 3.68%
How has RM Drip & Sprinklers allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is RM Drip & Sprinklers balance sheet?
Balance sheet of RM Drip & Sprinklers is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of RM Drip & Sprinklers improving?
Yes, profit is increasing. The profit of RM Drip & Sprinklers is ₹35.07 Crs for TTM, ₹34.94 Crs for Mar 2026 and ₹23.98 Crs for Mar 2025.
Is the debt of RM Drip & Sprinklers increasing or decreasing?
Yes, The net debt of RM Drip & Sprinklers is increasing. Latest net debt of RM Drip & Sprinklers is ₹51.78 Crs as of Mar-26. This is greater than Mar-25 when it was ₹25.75 Crs.
Is RM Drip & Sprinklers stock expensive?
RM Drip & Sprinklers is not expensive. Latest PE of RM Drip & Sprinklers is 18.83, while 3 year average PE is 67.41. Also latest EV/EBITDA of RM Drip & Sprinklers is 13.54 while 3yr average is 55.68.
Has the share price of RM Drip & Sprinklers grown faster than its competition?
RM Drip & Sprinklers has given better returns compared to its competitors. RM Drip & Sprinklers has grown at ~20.82% over the last 2yrs while peers have grown at a median rate of -36.0%
Is the promoter bullish about RM Drip & Sprinklers?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in RM Drip & Sprinklers is 21.06% and last quarter promoter holding is 21.06%.
Are mutual funds buying/selling RM Drip & Sprinklers?
There is Insufficient data to gauge this.