Rungta Irrigation (BSE: RUNGTAIR) had a P/E of 20.0× on 6 Nov 2026, below the industry P/E of 20.4×, and the shares are 33% below their 52-week high. Its ROCE of 8.8% is the lowest among the 7 largest Farm & Heavy Construction Machinery peers, and sales and net profit grew 12% and 23% a year over 3 years. Debt is 0.27× equity. It is a small-cap company with a market cap of ₹90 Cr, ranked 20th of 24 Farm & Heavy Construction Machinery companies by market cap; the shares fell 31% over the past year.
- ₹45.99
- ₹45.99
- ₹44.00
- ₹44.65
- 569
Health check
- ReturnsIn line
−30.7% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 20.0 vs industry 20.4.
- GrowthSteady
Sales +11.7%, profit +22.6% a year over 3 years.
- ProfitabilityWeak
ROCE 8.8% vs peer median 19.4%.
- Balance sheetFair
Debt 0.27× equity, interest covered 5.4×, Piotroski 5 of 9.
- Red flags4 to check
Return on equity is low at 5.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹90 Cr
- Small cap
- P/E
- 20.0
- Industry 20.4
- Price to book
- 0.91
- Peers 6.87
- Dividend yield
- 0.00%
- ROE
- 5.7%
- Peers 17.7%
- ROCE
- 8.8%
- Peers 19.4%
- Debt to equity
- 0.27
- Debt ₹26 Cr
- EPS (TTM)
- ₹2.27
- OPM (TTM)
- 5.3%
- Net margin 2.6%
- Sales growth
- −49.9%
- Latest quarter vs a year ago
- Profit growth
- −90.6%
- Latest quarter vs a year ago
- Price to sales
- 0.55
- EV/EBITDA 14.0
Strengths and risks
Risks to check
- Return on equity is low at 5.7%.
- Quarterly profit down 90.6% on a year ago.
- Quarterly sales down 49.9% on a year ago.
- 33% below its 52-week high.
About Rungta Irrigation
Rungta Irrigation Limited engages in the design, manufacture, assemble, and market of pipe-based sprinkler irrigation systems in India. The company offers casing pipes; MDPE pipes; rigid, elastomeric, and self-fit PVC pipes; high density polyethylene (HDPE) pipes; sprinkler irrigation and drip irrigation systems; ball valves; and others. It also provides micro irrigation systems, such as online drip, inline drip, mini sprinkler, rainguns, portable…
- Headquarters
- New Delhi
- Employees
- 195
- Sector
- Industrials
- ISIN
- INE347C01013
- Website
- rungtairrigation.in
Price range
- Avg volume (3M)
- 625
- 1-year return
- minus 30.7%
- From 52-week high
- minus 33.3%
Peers · Farm & Heavy Construction Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHOKLEYAshok Leyland | 172.09 | plus 1.10% | 1,01,083 | 29.1 | 12.2 | 14.5% | 21.5% | 3.45 | 10.6% | plus 21.2% |
| ESCORTSEscorts Kubota | 2,443.40 | minus 0.67% | 26,888 | 20.4 | 13.5 | 14.4% | 11.5% | 0.01 | 11.3% | minus 35.6% |
| ACEAction Construction Equipment | 1,167.70 | plus 3.55% | 13,900 | 31.8 | 25.5 | 28.5% | 15.6% | 0.00 | 15.0% | plus 2.8% |
| OLECTRAOlectra Greentech | 1,026.35 | minus 2.21% | 8,424 | 47.5 | 26.6 | 19.4% | 13.8% | 0.31 | 28.4% | minus 30.9% |
| AJAXENGGAjax Engineering | 556.65 | minus 1.24% | 6,369 | 28.1 | 20.0 | 21.4% | 12.5% | 0.00 | 22.2% | minus 5.8% |
| SWARAJENGSwaraj Engines | 3,495.30 | minus 1.97% | 4,247 | 20.0 | 15.2 | 52.8% | 12.6% | 0.01 | 12.2% | minus 9.6% |
| VSTTILLERSV.S.T Tillers Tractors | 3,941.70 | minus 2.48% | 3,411 | 31.4 | 16.5 | 12.4% | 13.3% | 0.00 | 7.2% | minus 33.8% |
| RUNGTAIRRungta Irrigation | 45.37 | plus 1.61% | 90 | 20.0 | 12.1 | 8.8% | 5.3% | 0.27 | 11.7% | minus 30.7% |
| Median of 7 peers | – | −1.24% | 8,424 | 29.1 | 16.5 | 19.4% | 13.3% | 0.01 | 12.2% | −9.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 36.5 | 44.3 | 47.7 | 52.7 | 18.2 | |
| 34.3 | 42.1 | 44 | 51.2 | 17 | |
| 2.1 | 2.3 | 3.7 | 1.5 | 1.2 | |
| 5.8% | 5.1% | 7.7% | 2.9% | 6.6% | |
| 0.6 | 0.2 | 0.2 | 1.7 | 0.1 | |
| 0.4 | 0.5 | 0.6 | 0.6 | 0.5 | |
| 0.6 | 0.8 | 0.8 | 0.6 | 0.7 | |
| 1.7 | 1.1 | 2.4 | 2.1 | 0.2 | |
| 20.7% | 59.8% | 43.3% | −13.5% | 36.2% | |
| 1.3 | 0.5 | 1.4 | 2.3 | 0.1 | |
| 0.67 | 0.36 | 0.68 | 1.17 | 0.06 |
Profit & loss
- Sales CAGR 3Y
- +11.7%
- Profit CAGR 3Y
- +22.6%
- EPS CAGR 3Y
- −2.0%
- ROE
- 5.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 149 | 219 | 181 | |
| – | +14.3% | +47.4% | minus 17.4% | |
| 124 | 138 | 208 | 172 | |
| 5.8 | 10.9 | 11.4 | 9.7 | |
| 4.4% | 7.3% | 5.2% | 5.3% | |
| 1.4 | −0 | 1.3 | 2.2 | |
| 1.7 | 1.2 | 1.3 | 1.6 | |
| 1.5 | 2 | 2.3 | 2.9 | |
| 0 | – | −0.2 | −0.1 | |
| 4 | 7.6 | 8.8 | 7.3 | |
| 25.6% | 25.8% | 29.4% | 24.6% | |
| 3 | 5.7 | 6.2 | 5.5 | |
| – | +89.4% | +10.2% | minus 11.8% | |
| 2.93 | 2.84 | 3.13 | 2.76 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.6 | 19.9 | 19.9 | 19.9 | |
| 60.2 | 67 | 73.2 | 79.3 | |
| 11.1 | 10.9 | 28 | 26.5 | |
| 15.7 | 18 | 28.7 | 27.3 | |
| 104 | 116 | 150 | 153 | |
| 13.8 | 15.8 | 16.7 | 19.7 | |
| – | – | 0.4 | 1.2 | |
| 13.9 | 13.9 | 23 | 14.4 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 75.8 | 86 | 110 | 118 | |
| 104 | 116 | 150 | 153 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.1 | −2.8 | −14.4 | 5.8 | |
| −2.8 | −0.5 | −1.3 | −2.7 | |
| −6.3 | 3.3 | 15.8 | −3.2 | |
| 0 | −0 | 0 | −0 | |
| −4.2 | −4.5 | −3.5 | −6.1 | |
| 4.9 | −7.3 | −17.9 | −0.3 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.