Micro Irrigation Systems Manufacturer Bags Order Worth Rs 15.16 Crore From Water Stewardship Org India Pvt Ltd

The company has a market cap of over Rs 1,000 crore and has given multibagger returns of over 270 per cent from its 52-week low of Rs 112 per share.

R M Drip And Sprinklers Systems Limited has received a significant purchase order from Water Stewardship Org India Private Limited for the supply of High-Density Polyethylene (HDPE) Pipes, valued at Rs 15.16 crore (inclusive of GST). This order, which is in line with the company's operational needs and infrastructure enhancement plans, is from a domestic entity and pertains to the supply of HDPE pipes, with the execution timeline extending until the completion of the project.

R M Drip & Sprinklers Systems Ltd, established in 1996, specializes in the design, manufacturing, and installation assistance of micro irrigation systems, including both sprinkler and drip irrigation technologies. Serving farmers through a dealer network spanning several Indian states such as Maharashtra, Madhya Pradesh, Gujarat, Karnataka, Uttar Pradesh, Bihar, and Jharkhand (in collaboration with Greaves Cotton Ltd), the company also acts as an Original Equipment supplier to numerous irrigation companies and sub-assembly manufacturers.

Their product portfolio encompasses a range of drip irrigation solutions like online drippers and flat drip lines, various sprinkler systems including RM Sprinkler and mini/micro sprinklers, and essential filtration and fertigation equipment such as plastic disc filters, sand/gravel media filters, fertilizer injectors, and hydro-cyclone filters. The company has a market cap of over Rs 1,000 crore and has given multibagger returns of over 270 per cent from its 52-week low of Rs 112 per share. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.