Roto Pumps Ltd is in the business of creating new threshholds of technology driven innovative pumps,which are used in almost all industries like,agriculture,beverages,cattle feed,chemicals,construction,cosmetics,dyes,edible oils,food,oil and gas,paper,sugar etc.etc.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 avg. growth of 30%. Over the last 3 years, 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 Re. 1 Crore to Rs. 3.3 crores during the same period.
|Scrip Code : 517500 Company : Roto Pumps Ltd|
Results reproduced from bseindia
Roto is on an expansion and modernization programme, and for this purpose is setting up an integrated R & D 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 for quality of 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.
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