This company, which is an Indian multinational, specialising in positive displacement pumps, announced a new line of compact pumps and its plans for expanding its manufacturing infrastructure. In this article, we will look at the company’s announcement.
Price Movement
With a market capitalization of Rs 1,418 crore, the shares of Roto Pumps Ltd made an intraday high of Rs 248 on Thursday, up by 14 percent from its previous day closing price of Rs 217.48. The stock has given a positive return of 14 percent over the last one year.
About the announcement
The company announced that it has launched a new line of ‘P’ Range compact pumps and that the company is pushing for expanding its manufacturing infrastructure line, targeting a revenue of $100 million by 2028 as part of its global growth roadmap.
Launched at the company’s “RotoNext” event at its Greater Noida facility, these are engineered for durability and high performance across sectors such as oil and gas, mining, wastewater treatment, and food processing. The products are aimed at both mature and high-growth emerging markets, the company said in its filing.
“With the launch of the Roto P Range, we are reaffirming Roto’s position as a global force in fluid handling,” said Chairman and Managing Director Harish Chandra Gupta. “We’re not just manufacturing pumps, we’re delivering reliability and sustainability.”
Also read: Realty stock in focus after signing ₹693 Cr deal to sell Kolkata IT SEZ tech park to Srijan Group
Financial Highlights
The company is trading at a P/E of 42.29x, which is significantly higher than the industry P/E of 35.27x. It has an ROE and ROCE of 21.8 percent and 24.6 respectively. It has a 5-year compounded sales growth of 15 percent and a 5-year compounded profit growth of 19 percent.
About the company
Roto Pumps Ltd, founded in 1968, is a prominent Indian manufacturer that has earned a name for introducing Progressive Cavity Pumps into India for the first time. The organization is renowned for providing reliable and effective pumping solutions in a broad range of industries, including wastewater management, sugar, paper, paint, oil & gas, chemicals, ceramics, food & beverages, renewable energy, power, mining, explosives, marine, and defense. It has its presence in 55 countries, 7 overseas establishments, and 325,000+ successful pump installations.
Written by Satyajeet Mukherjee
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.
