- Our view
- Unrated
- Price then
- INR 239.80/-
- Market cap then
- INR 1,506.31 Cr.
Noida-based Roto Pumps makes specialised industrial pumps used in wastewater treatment, oil and gas, marine and sugar industries. Exports contributed 57% of FY24 revenue, with presence in 55+ countries.
Profile Highlights
- Specialised products: The company’s in-house R&D and niche pump offerings are cited as support for margins.
- International reach: A wholly owned Dubai subsidiary was established during FY24 to serve the MENA region.
Key Risks
- Solar-pump delay: CRISIL revised the outlook from Positive to Stable following a 12-15 months delay in commencement of operations in the solar pump segment.
- Working capital and targets: Working-capital intensity and delivery of the stated INR 800 Cr.+ revenue goal by FY28 are monitorables.
Standard disclosures
- Research Analyst has served as an officer, director or employee of subject company(ies): No
- We or our associates have received compensation from the subject company(ies) in the past 12 months: No
- We or our associates have managed or co-managed public offering of securities for the subject company(ies) in the past12 months: No
- We or our associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months –No
- We or our associates may have received compensation or other benefits from the subject company(ies) or third party in connection with the research report –No
- We or our associates or Research Analyst or his/her relative's financial interest in the subject company(ies)- No
- Nature of financial interest in subject company, if any –Nil
- We, our associates or Research Analyst have actual/beneficial ownership of 1% or more securities of the subject company (ies) at the end of the month immediately preceding the date of publication of Research Report – No
- Subject company (ies) may have been client during twelve months preceding the date of distribution of the research report-No.
- We or our Associates or Research Analyst are engaged in market making of subject company – No
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Regulatory disclosures
Minerva Capital Research Solutions is an independent investment advisory firm founded by Nishant Gupta(SEBI registration no. INH000018896).
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Rating rationale
Minerva Capital Research Solutions endeavors to provide objective opinions and recommendations. Ratings are assigned to stocks according to their fair value vs current market price and then categorizes them as Buy, Hold, Reduce, Sell. The performance horizon is one year unless specified and fair value is defined as analyst’s valuation for a stock.
- Buy:> 15%
- Hold: -5% to 15%
- Reduce: -15% to -5%
- Sell: <-15%