The shares of the leading pump manufacturer gained up to 8.6 percent after the company received new purchase orders from Ali and Sons Oilfield Equipment Manufacturing worth Rs 11.89 crore.
Roto Pumps Ltd has a market capitalization of Rs 1,896.71 crore, the shares were trading at Rs 603.90 per share, increasing around 5.09 percent as compared to the previous closing price of Rs 574.65 apiece.
Reason for Rise:-
According to the company filing, Roto Pumps Ltd received new purchase orders from Ali and Sons Oilfield Equipment Manufacturing for the Designing, Engineering, and Supply of Progressive Cavity Pumps along with supervision support worth Rs 11.89 crore. The supply is to be completed in the second quarter of the next financial year.
Financial performance:-
Looking forward to a company’s financial performance, revenue zoomed by 6 percent from Rs 54.49 crore in Q1FY24 to Rs 57.61 crore in Q1FY25, during the same time frame, the company’s net profit plumped by 25 percent from Rs 7.53 crore to Rs 5.62 crore.
Also Read
New Launch & manufacturing facilities:-
On Feb,24, the company started commercial production of a Submersible Helical Rotor Pump Set, Submersible Centrifugal Pump Set, Solar Controller with Remote Monitoring, and Surface Helical Rotor Pumps in Roto Energy Systems Limited (WOS).
The company has 3 manufacturing plants in India, 4 offices in India, and 2 offices outside India. The company started its business activities to service the Middle East and North Africa (MENA) region to expand its business.
Ratio analysis:-
The company’s critical ratios show that the return on equity decreased from 20.39 percent in FY22-23 to 20.09 percent in FY23-24, while the return on capital employed increased from 27.31 percent to 26.86 percent. The net profit margin (NPM) for fiscal year 23-24 is 14.35 percent.
Company Profile:-
Roto Pumps Limited provides a comprehensive range of progressive cavity pumps (PCP), and twin screw pumps and adds other positive displacement (PD) pumps in the product, basket, such as air-operated double-diaphragm (AODD) and gear pumps.
Written by:- Abhishek Singh
Also Read
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
