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DP Money Watch: Roto Pumps, Diversifying Into The Next Generation Of Pumps

July 18, 2009 by Ashok  
Filed under Business, Financial Markets

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Roto Pumps Ltd is in the business of creating new thresholds of technology driven innovative pumps which are used in almost all industries like agriculture,beverages,chemicals,construction,cosmetics,dyes,edible oils and many more. Its progressive cavity pumps meet the requirement of most industries.

Roto Pumps was started in 1968 to manufacture progressive cavity pumps as an Import substitute. It came out with its IPO in 1994 and since then has grown at an average growth of 30%. Over the last 3 years, the Company’s revenue has more than doubled from Rs. 24 crores in 2006 to Rs. 54 crores in 2009, and the PAT has increased from almost Rs. 1 Crore to Rs. 3.3 crores during the same period.

Scrip Code : 517500 Company : Roto Pumps Ltd
Type Audited Audited Audited Audited
Period Ending 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06
No. of Months 12 12 12 12
Description Amount(Rs. million)
Net Sales / Interest Earned / Operating Income 523.15 422.71 339.40 243.05
Other Income 0.93 1.79 2.85 1.79
Total Income 524.08 424.50 342.25 244.84
Expenditure -447.98 -358.82 -297.45 -216.66
Operating Profit 76.10 65.68 44.81 28.19
Interest -12.05 -7.16 -4.22 -4.58
Profit Before Depreciation and Tax 64.05 58.52 40.58 23.60
Depreciation -12.04 -10.75 -8.33 -7.91
Profit before Tax 52.01 47.78 32.26 15.70
Tax -18.96 -17.46 -11.84 -6.60
Net Profit 33.05 30.32 20.41 9.09
Equity Capital 30.91 30.91 30.91 30.91
Reserves 133.99 108.17 85.09 70.10
Basic And Diluted EPS after Extraordinary item 10.69 - 6.60 2.94
Basic EPS after Extraordinary items - 9.81 - -
Nos. of Shares - Public 929,530.00 929,530.00 929,530.00 915,900.00
Percent of Shares-Public 30.07 30.07 30.07 29.63
Operating Profit Margin 14.55 15.54 13.20 11.60
Net Profit Margin 6.32 7.17 6.01 3.74
Cash EPS 14.59 13.29 - -

Results reproduced from BseIndia

Roto is on an expansion and modernization programme, and for this purpose is setting up an integrated R and production facility at its 5 Acre plot in Greater Noida Ecotech XII Sector. During last FY, it has received big orders from Larsen and Toubro and Blue Waters Australia against stiff international competition.This speaks volumes about the quality of the new generation pumps manufactured by Roto.

The share is available at P/E of less than 5, and appears to be a good buy at CMP of Rs. 45.

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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