Manufactures micro-irrigation equipment — drip and sprinkler systems — along with HDPE and PVC pipes and mulch films, sold primarily to farmers and the agricultural sector through a dealer and distributor network. Revenue in FY26 reached ₹197.38 crore, up 52% year-on-year, with growth supported by the core irrigation business and the January 2026 acquisition of Brahmanand Pipes Private Limited, which added pipe manufacturing capacity. An IoT-based smart irrigation automation segment is being launched, with the company expecting it to contribute around 5% of revenue by FY27, alongside a Godrej Agrovet tie-up covering 25 stores. The subsidiary has signed an MoU with the Government of Maharashtra for a proposed ₹100 crore investment in expansion. The dealer network stood at roughly 1,000 in 9M FY26 with a stated target of 2,000 by FY30, and exports cover markets in Africa and Australia. Raw materials — predominantly polymers — form the dominant cost at 61.6% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Irrigation systems (drip and sprinklers), HDPE and PVC pipes, Mulch films, Smart irrigation automation (5%). Manufacturing-led micro-irrigation and plastic piping business tied to agricultural demand
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 131 | 197 |
| EBITDA (ex other income) | — | 52 |
| margin % | — | 26.5 |
| Owners' profit | — | 35 |
| EPS, as reported (₹) | 10.01 | 1.40 |
| ROE % · ROCE % | — · 33.7 | 31.0 · 33.6 |
| Debt / equity (x) | — | 0.48 |
| Cash from operations | (27) | (13) |
| Capex | (12) | 0 |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 97 | 30 | 31 | 75 | 61 | 40 |
| Profit before tax | 27 | 7 | 8 | 21 | 11 | 7 |
| Net profit | — | 5 | 6 | 14 | 10 | 5 |
| EPS (₹) | 8.52 | 2.13 | 2.29 | 0.56 | 0.40 | 0.42 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 42,745 | 41.2 | 6.93 | 26.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 37,967 | 65.9 | 9.36 | 34.3 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,077 | 41.5 | 6.05 | 31.9 | 12.7 | 16.4 | 16.5 | 30.3 |
| FINOLEX INDUSTRIES LTD | 9,504 | 15.4 | 1.53 | 11.1 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,934 | 17.6 | 2.14 | 10.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · AGM notice published in newspapers; remote e-voting facility announced | compliance | minimal | — | — |
| 8 Sept 2026 · Revised record date set to 23 Sept 2026 for AGM and final dividend | corporate actions | medium | — | — |
| 8 Sept 2026 · 22nd AGM set for September 30; final dividend proposed at 5 paise per share | corporate actions | high | — | — |
| 2 Sept 2026 · Board approves Directors Report, fixes AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · R M Drip publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 10 Aug 2026 · Board meeting on 14 Aug to approve Q1 FY27 results | results | low | — | — |
| 7 Aug 2026 · Company Secretary Ms. Gracy Vijay Kale resigns effective 14 Aug 2026 | management changes | medium | — | — |
| 7 Aug 2026 · Company Secretary and Compliance Officer resigns from R M Drip and Sprinklers | management changes | medium | — | — |
| 20 Jul 2026 · Reg 74(5) Compliance Certificate for Q1 FY27 | compliance | minimal | — | — |
| 27 Jun 2026 · Trading window closed from July 1 ahead of Q1 results | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| KINGFA SCI & TEC IND LTD. |
| 8,422 |
| 37.3 |
| 6.02 |
| — |
| 13.2 |
| 17.7 |
| — |
| 16.9 |
| PRINCE PIPES FITTINGS LTD | 2,950 | 28.9 | 1.79 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,444 | — | 2.74 | 32.3 | 0.5 | 1.0 | — | 1.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 6.4 | 15.2 | 10 of 54 | 83% |
| P/B | 9.0 | 1.8 | 41 of 43 | 5% |
| ROCE | 31.5 | 7.1 | 1 of 57 | 100% |
| ROE | 31.0 | 7.6 | 1 of 48 | 100% |
| Debt / Equity | 0.5 | 0.1 | 35 of 48 | 28% |
| EBITDA margin | 22.4 | 11.6 | 5 of 43 | 91% |
| Revenue growth | 32.5 | 10.6 | 14 of 49 | 73% |
| Profit growth | 0.1 | 20.7 | 31 of 47 | 35% |
| Market cap | 1010 | 130 | 12 of 56 | 80% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
