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RMDRIP Sets April 10, 2026, as Revised Record Date for Bonus Issue
R M Drip and Sprinklers Systems Limited has announced a revised record date of April 10, 2026, for its upcoming bonus equity share issue. This update follows a previous intimation from February 2026 and complies with the latest SEBI listing regulations. The deemed date for the allotment of these bonus shares is scheduled for April 13, 2026. Investors must hold the company's shares by the record date to be eligible for the bonus entitlement.
Key Highlights
Revised Record Date for bonus share entitlement is fixed for April 10, 2026
Deemed date of allotment for the bonus shares is April 13, 2026
Revision follows SEBI Circular No. SEBI/HO/CFD/PoD/2024/122 regarding corporate actions
The announcement updates the previous intimation dated February 28, 2026
💼 Action for Investors
Investors interested in the bonus shares should ensure they hold the stock before the ex-date to qualify for the entitlement. No action is required for existing long-term shareholders other than monitoring the credit of shares post-allotment.
RMDRIP Announces 5:7 Bonus Issue; Record Date Set for April 7, 2026
R M Drip and Sprinklers Systems Limited has approved a bonus issue in the ratio of 5:7, meaning shareholders will receive 5 new shares for every 7 held. The record date to determine eligibility is April 7, 2026. The company will capitalize Rs. 17.84 crore from its retained earnings of Rs. 54.95 crore for this issuance. Additionally, the authorized share capital is being increased from Rs. 31.5 crore to Rs. 50 crore to accommodate the new shares.
Key Highlights
Bonus issue ratio of 5:7 (5 new shares for every 7 existing shares).
Record date for determining shareholder entitlement is April 7, 2026.
Issuance of 17,84,28,571 new equity shares capitalizing Rs. 17.84 crore.
Authorized share capital increased to Rs. 50 crore from Rs. 31.5 crore.
Bonus shares expected to be credited or dispatched by April 27, 2026.
💼 Action for Investors
Investors looking to benefit from the bonus issue should ensure they hold the shares before the ex-date. Be aware that the market price per share will adjust proportionally on the ex-bonus date.
RMDRIP Reports 65% Revenue Growth and 81% PAT Surge in 9M FY26 Investor Update
R M Drip and Sprinklers Systems Limited (RMDRIP) demonstrated robust financial growth in 9M FY26, with revenue increasing 65% YoY to ₹136.30 crore. Profit After Tax (PAT) surged 81% YoY to ₹24.93 crore, driven by a significant EBITDA margin expansion of 383 basis points to 29.05%. The company has aggressively scaled its distribution, reaching 1,000 dealers across 12 states, and formed a strategic partnership with Godrej Agrovet. Furthermore, RMDRIP is diversifying into IoT-based smart irrigation, targeting a 5% revenue contribution from this segment by FY27.
Key Highlights
9M FY26 Revenue from operations grew 65% YoY to ₹13,629.95 Lakhs.
EBITDA margins expanded significantly by 383 basis points YoY to 29.05%.
Dealer network grew 3.3x from 300 in FY24 to 1,000 in 9M FY26, with a target of 2,000 by FY30.
Strategic tie-up with Godrej Agrovet to offer products across 25 stores PAN India.
Proposed a new manufacturing plant at Sinnar with a planned capacity of 12,000 MT per annum.
💼 Action for Investors
Investors should monitor the company's ability to maintain high margins as it scales its dealer network and enters the IoT segment. The Godrej Agrovet partnership and expansion into 12 states provide strong visibility for continued revenue growth.
RMDRIP Enters Smart Irrigation; Targets 5% Revenue in FY27 & 24.1% Market CAGR
R M Drip and Sprinklers Systems Limited (RMDRIP) has announced a strategic entry into IoT-based smart irrigation and farm automation starting March 2026. The company aims to capture a share of the Indian irrigation automation market, which is projected to grow at a 24.1% CAGR to reach USD 899 million by 2030. This initiative is expected to contribute approximately 5% of total revenue in FY27, with a 30% growth rate anticipated for the segment thereafter. The shift from hardware-only to an integrated hardware-software model is designed to create high-margin recurring revenue streams.
Key Highlights
Entry into IoT-based smart irrigation starting March 2026 to drive technology-led growth.
Segment expected to contribute ~5% of revenue in FY27 with 30% annual growth thereafter.
Targeting an Indian automation market projected to reach USD 899 million by 2030 at a 24.1% CAGR.
Leveraging 1,000+ dealer touchpoints and existing 22,000 MTPA manufacturing capacity.
Transitioning to a hardware + software model to generate recurring revenue from apps and analytics.
💼 Action for Investors
This is a significant value-unlocking move into a high-margin tech segment; investors should watch for the successful integration of the software platform and its impact on the 18.35% PAT margin.
RMDRIP Q3 FY26 PAT Jumps 36.5% YoY; Completes Acquisition for 50% Capacity Expansion
RMDRIP reported a robust Q3 FY26 with consolidated revenue growing 55% YoY to ₹7,463.50 lakh and PAT increasing 36.5% YoY to ₹1,401.62 lakh. The company achieved significant sequential growth, with EBITDA margins expanding by 334 bps to 30.24% due to better capacity utilization. Additionally, the company completed the 100% acquisition of Brahmanand Pipes, which is set to boost production capacity by 50% through a new 12,000 MTPA facility. This expansion is slated for commercial production by Q2 FY27, positioning the firm for sustained growth in the micro-irrigation sector.
Key Highlights
Revenue from operations surged 55.05% YoY and 139% QoQ to ₹7,463.50 lakh
EBITDA grew 51.71% YoY to ₹2,257.04 lakh with margins expanding to 30.24%
Profit After Tax (PAT) increased 36.50% YoY to ₹1,401.62 lakh
Completed 100% acquisition of Brahmanand Pipes Private Limited to drive ~50% capacity expansion
New Sinnar facility (12,000 MTPA) expected to start commercial production in Q2 FY27
💼 Action for Investors
Investors should note the strong sequential recovery and margin expansion as signs of operational efficiency. The upcoming 50% capacity expansion provides clear revenue visibility for FY27, making this a positive development for long-term growth.
RMDRIP Subsidiary Acquires Land for New Unit; Capacity to Increase by 50%
R M Drip and Sprinklers Systems Limited's wholly-owned subsidiary, Brahmanand Pipes Private Limited, has successfully acquired land in Sinnar, Nashik, for a new manufacturing facility. This state-of-the-art unit will have an installed capacity of 12,000 metric tonnes per annum, boosting the company's total production capacity by approximately 50%. Construction is slated for completion by Q1 FY2026-27, with commercial production expected to start in Q2 FY2026-27. This expansion is designed to scale operations and improve market positioning significantly.
Key Highlights
Acquisition of land completed in Sinnar, Nashik for a new manufacturing unit via subsidiary Brahmanand Pipes.
Proposed facility to have an installed capacity of 12,000 metric tonnes per annum.
Expansion expected to increase the company's overall production capacity by approximately 50%.
Commercial production targeted to commence in Q2 of the financial year 2026-27.
Strategic move aimed at enhancing manufacturing footprint and supporting future revenue growth.
💼 Action for Investors
Investors should view this as a positive long-term growth driver that significantly expands the company's scale. Monitor the project's execution timeline and the company's ability to secure orders for the additional 12,000 MT capacity.
RMDRIP Completes 100% Acquisition of Brahmanand Pipes; Capacity to Increase by 50%
R M Drip and Sprinklers Systems Limited has successfully completed the 100% acquisition of Brahmanand Pipes Private Limited for a cash consideration of Rs. 10 lakhs. This strategic acquisition is expected to boost the company's overall manufacturing capacity by approximately 50%, facilitating significant operational scaling. Alongside the acquisition, the company announced a major leadership transition with Mr. Atharva Nivrutti Kedar being appointed as the new Managing Director. The board also approved the unaudited financial results for the quarter ended December 31, 2025.
Key Highlights
Acquired 100% equity (1,00,000 shares) of Brahmanand Pipes Private Limited for a total consideration of Rs. 10,00,000.
The acquisition is projected to increase the company's total production capacity by approximately 50%.
Mr. Atharva Nivrutti Kedar appointed as Managing Director for a 3-year term starting January 29, 2026.
Former CMD Mr. Nivrutti Pandurang Kedar transitions to Chairman and Non-Executive Director role.
Ms. Neha Karekar Pramod appointed as Additional Non-Executive Independent Women Director for 5 years.
💼 Action for Investors
Investors should view the 50% capacity expansion as a significant growth lever and monitor the execution of this new capacity. The clear management succession plan provides long-term leadership stability which is a positive sign for governance.
RMDRIP Completes 100% Acquisition of Brahmanand Pipes; Capacity to Increase by 50%
R M Drip and Sprinklers Systems Limited has successfully completed the acquisition of 100% equity in Brahmanand Pipes Private Limited for a cash consideration of Rs. 10 lakhs. This strategic acquisition is expected to expand the company's manufacturing capacity by approximately 50%, significantly scaling operations. The board also announced a leadership transition, appointing Mr. Atharva Nivrutti Kedar as the new Managing Director for a three-year term. Additionally, the company approved its unaudited financial results for the quarter ended December 31, 2025.
Key Highlights
Acquired 100% stake in Brahmanand Pipes Private Limited for a total cash consideration of Rs. 10,00,000.
The acquisition is projected to increase the company's overall production capacity by approximately 50%.
Mr. Atharva Nivrutti Kedar appointed as Managing Director for 3 years, succeeding Mr. Nivrutti Pandurang Kedar.
Ms. Neha Karekar Pramod appointed as Additional Non-Executive Independent Women Director for a 5-year term.
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
💼 Action for Investors
Investors should view the 50% capacity expansion as a significant growth lever and monitor the execution of this expansion. The leadership transition to the next generation of the promoter family should be watched for continuity in operational performance.
RMDRIP H1 FY26 Net Profit Jumps 210% to ₹11.04 Cr; Revenue Up 78% YoY
R M Drip and Sprinklers Systems Limited reported a strong financial performance for H1 FY26, with consolidated revenue rising 78.2% YoY to ₹61.66 crore. Consolidated net profit surged by 210.8% to ₹11.04 crore compared to ₹3.55 crore in the same period last year. Despite the high profitability, the company reported a negative operating cash flow of ₹5.96 crore, primarily driven by a significant increase in trade receivables. Long-term borrowings also doubled to ₹33.97 crore to support business expansion and working capital needs.
Key Highlights
Consolidated Revenue for H1 FY26 grew 78.2% YoY to ₹6,166.45 lakhs from ₹3,460.96 lakhs.
Consolidated Net Profit increased 210.8% YoY to ₹1,103.79 lakhs from ₹355.19 lakhs.
Trade Receivables rose to ₹10,153.56 lakhs, representing a 27% increase since March 2025.
Net Cash from Operating Activities was negative at ₹595.66 lakhs due to working capital pressure.
Non-current borrowings increased to ₹3,396.58 lakhs from ₹1,616.29 lakhs in March 2025.
💼 Action for Investors
Investors should weigh the impressive profit growth against the high trade receivables and negative operating cash flow. The company's ability to convert its high sales into actual cash and manage its rising debt levels will be critical for long-term sustainability.
RMDRIP to Expand Manufacturing Capacity by 50% with New 12,000 MTPA Unit
RM Drip and Sprinklers Systems Limited has approved the establishment of a new manufacturing facility in Sinnar, Maharashtra, through its proposed wholly owned subsidiary, Brahmanand Pipes Private Limited. This unit will add 12,000 metric tonnes per annum (MTPA) to the company's capacity, representing a significant 50% increase in total production capability. The expansion aims to capture rising demand in irrigation, water infrastructure, and telecom sectors while improving operating leverage and margins. The move also positions the company to benefit from government infrastructure spending and agricultural GST reductions.
Key Highlights
New manufacturing unit to have an installed capacity of approximately 12,000 metric tonnes per annum
Total manufacturing capacity of the company to increase by approximately 50% following this expansion
Facility to be established via Brahmanand Pipes Private Limited, a proposed wholly owned subsidiary
Product diversification includes HDPE pipes, telecom ducts, and sewerage pipelines to reduce concentration risk
Strategic alignment with government infrastructure spending and GST reductions in the agriculture sector
💼 Action for Investors
The 50% capacity expansion is a strong growth signal; investors should track the project's commissioning timeline and subsequent revenue growth. Monitor the company's ability to secure large government and institutional orders to utilize this new capacity effectively.
RMDRIP to Expand Capacity by 50% with New 12,000 MTPA Manufacturing Unit in Nashik
R M Drip and Sprinklers Systems Limited has approved the setup of a new manufacturing unit in Sinnar, Nashik, which will increase its total production capacity by approximately 50%. The new facility will add 12,000 metric tonnes per annum (MTPA) to meet rising demand in agriculture and infrastructure sectors, supported by a favorable 5% GST rate. The project is necessary as existing capacity utilization has reached approximately 90%. Commercial production is expected to commence in Q2 FY 2026-27, funded through internal sources, debt, and fresh equity.
Key Highlights
Proposed capacity addition of 12,000 metric tonnes per annum (MTPA)
Overall production capacity to increase by approximately 50% from current levels
Existing manufacturing facilities are operating at a high utilization rate of approximately 90%
Commercial production is scheduled to begin in the second quarter of FY 2026-27
Financing to be sourced via promoter contribution, loans, and fresh equity investment
💼 Action for Investors
Investors should monitor the timeline for land acquisition by February 2026 and watch for details regarding the fresh equity issuance which may lead to equity dilution. The significant 50% capacity expansion indicates strong management confidence in future demand.