Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from R M Drip And Sprinklers Systems Limited ( (IN:RMDRIP) ).
RM Drip and Sprinklers Systems Limited has approved the establishment of a new state-of-the-art manufacturing facility at Sinnar in Nashik district, Maharashtra, via its proposed wholly owned subsidiary Brahmanand Pipes Private Limited, which will add around 12,000 metric tonnes per annum and expand its total production capacity by about 50%. The expanded plant will support higher order inflows across irrigation, infrastructure and industrial segments, broaden the product mix to include HDPE, drainage, telecom and industrial pipes, mulching paper and specialized micro-irrigation products, and is intended to enhance operating leverage, improve margins, reduce product concentration risk and strengthen the company’s competitiveness in large government and institutional projects against the backdrop of supportive government spending and sectoral GST benefits.
More about R M Drip And Sprinklers Systems Limited
RM Drip and Sprinklers Systems Limited, incorporated in 2004, is a leading manufacturer of micro-irrigation systems and components, providing end-to-end solutions spanning design, manufacturing and installation. The company focuses on agricultural and water infrastructure markets, supplying high-speed drip irrigation systems, HDPE and industrial piping, and a range of micro-irrigation and value-added agricultural and infrastructure products to government, institutional and private customers.
Average Trading Volume: 673,570
Technical Sentiment Signal: Buy
Current Market Cap: 22.57B INR
Learn more about RMDRIP stock on TipRanks’ Stock Analysis page.