2:1 Stock Split: Company Secures Over 400 Orders for Solar Pumping Solutions Across Australia, South Africa, and the Indian States of Chhattisgarh and Maharashtra
The company’s shares have delivered an impressive return of over 55 per cent in the past year.
Incorporated in 1968, Roto Pumps Ltd is a Small-Cap leading manufacturer of progressive cavity pumps in India, known for delivering efficient and reliable pumping solutions across various industries, including wastewater, sugar, paper, paint, oil & gas, chemicals & process, ceramics, food & beverages, renewable energy & power, mining & explosives, marine, and defence.
As per the press release, Roto Energy Systems Ltd, a subsidiary of Roto Pumps Ltd has secured over 400 orders for its newly launched solar submersible pumping systems under the brand “Roto Rudra,” solidifying its position as a global leader in sustainable water management. These orders span Australia, South Africa, and the Indian states of Chhattisgarh and Maharashtra, supporting agriculture, irrigation, and renewable energy initiatives.
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In South Africa, the company will deliver 100 advanced Helical Rotor and Centrifugal Pumps, featuring 10-pole motor pump sets, controllers, and remote monitoring capabilities, designed for exceptional efficiency, including pumping water from a 200-meter borewell with just 1500 Wp of solar power. In Australia, Roto Rudra will supply 100 solar-powered pumping units tailored for agriculture. The RSSH 1.2-C and RSSH 1.4-D models, operating at 1,000 Wp and 1,500 Wp respectively, cater to irrigation, livestock, and gardening needs with dynamic heads reaching up to 200 meters.
Financial Performance
As per the Quarterly Results in September 2024, Roto Pumps Ltd recorded a revenue of Rs 57.61 crore compared to Rs 54.49 crore representing a growth of around 5.73 per cent YoY. The operating profit for the period stood at Rs 12.05 crore with a margin of 20.92 per cent compared to Rs 12.60 crore with a margin of 23.12 per cent. The net profit stood at Rs 5.62 crore compared to a profit of Rs 7.53 crore. Looking at the annual performance, the company generated a revenue of Rs 274 crore in FY24, compared to Rs 226 crore in FY23. The operating profit for FY24 was Rs 66 crore, with a net profit of Rs 39 crore compared to a profit of Rs 33 crore.
Share Performance
At the start of today’s trading session, Roto Pumps Ltd opened at Rs 299 per share, compared to Friday's closing of Rs 282.15 per share on the BSE. Today, the company’s shares rallied over 10 per cent with a significant volume and are at around Rs 309.25 per share on the BSE. The current market capitalization stands at Rs 1942.56 crore, and the stock has generated an impressive return of over 55 per cent in the past year.
Disclaimer: The article is for informational purposes only and not investment advice.