Company consistently maintained average margin of 24% over last 4 year and as per my observation it will operate in similar type of margin ahead might be my view on margin wrong …
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Highlighted above about margins…
The company has incurred a cumulative phase wise capex of Rs. 75cr for downhole, mud motors and solar pumps. Some scuttlebutt indicates that ROTO has best quality pumps and hence command some brand value.
At the annual meeting, management also stated that, in contrast to positive displacement pumps, which have operating margins of 20% plus, solar pumps will be a low-margin product with operating margins of 14–16%.
Guidance on sales of new product…
As per recent announcement, Company has commenced commercial production of Downhole Pumps at Greater Noida. The same will be available for both domestic and international market (mainly for Middle East in view of primary usage of downhole pumps in oil and gas segment).
ROTO Pumps, commercial production of downhole pumps.pdf (236.9 KB)
Financials Performance of FY 2023-24
The company recorded a top- and bottom-line growth of 22% and 18%, respectively, which is somewhat less than the average of…
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