1.At a Glance
If resilience were a pump, it’d probably be aRoto. Born in 1968 and still churning through economic sludge smoother than a Progressive Cavity impeller,Roto Pumps Ltdis India’s OG in industrial pumps. From Noida to Nigeria, it sells viscous-fluid solutions to 55+ countries, proving once again that Indian engineering can make mud move and money flow—sometimes in different directions.
As ofQ2FY26, Roto’s market cap stands at₹1,101 crore, but investors have been on a rollercoaster tighter than a centrifugal bearing: stock down-30% in 3 months,-25.5% YoY, and now languishing around₹58.4/shareafter peaking at ₹110.
The quarter’ssales slipped 23.4% QoQto ₹64.8 crore andPAT plunged 47.8%to ₹5.96 crore. TheP/E ratiois a lofty37.8x,ROE at 16%,ROCE at 19%, and thedebt-to-equity ratiois just0.13, which means the balance sheet is cleaner than the conscience of a newly appointed auditor.
But fear not, pump patriots! As theBhagavad Gitagently reminds:“You have the right to work, but not to the fruits thereof.”Roto’s engineers are doing just that—working, pumping, innovating—while the stock market does its own karmic cycle of joy and despair.
2.Introduction
Picture this: a company that pumps sludge, sewage, sugar syrup, and profits—all with the same enthusiasm. That’sRoto Pumps Ltd, a Noida-based marvel that turned mechanical engineering into a global export story.
Incorporated in 1968, when color TV was still a dream, Roto was the first to manufactureProgressive Cavity Pumpsin India. Fast forward to today—its products handle everything from oil & gas sludge to chocolate syrup. (Truly the Willy Wonka of waste management.)
Over the decades, Roto built a name across55+ countries, with subsidiaries in the US, Germany, Africa, and Malaysia. The company has evolved from “just pumps” to “custom-engineered solutions for viscous challenges.” And now, it’s even pumping solar energy systems through its subsidiaryRoto Energy Systems Ltd.
But FY25–FY26 has beenless fluid, more friction. The company reported asharp decline in quarterly profits, and the share price sank faster than an unprimed pump. Add to that an unfortunateembezzlement of ₹6 croreat a subsidiary, and it’s been one of those “pressure test” years.
Still, withnew product launches(like the P-Range and solar pump systems) and bold expansion into MENA and Europe, Roto’s leadership is betting on the long-term gush of industrial demand. Because when industries need to move sludge, Roto doesn’t flinch—it bills.
3.Business Model – WTF Do They Even Do?
Roto Pumps makesindustrial-grade pumping systems—essentially the unsung heroes of fluid transport. Their flagship: theProgressive Cavity Pump (PCP), a mechanical beast that moves highly viscous materials, from crude oil to toothpaste.
Their catalog includes:
- Progressive Cavity Pumps (the bread & butter)
- Single & Twin Screw Pumps
- Submersible Helical Rotor and Centrifugal Pump Sets
- Solar Controllers with remote monitoring (because pumps too need Wi-Fi now)
The business model flows across three strong streams:
- Industrial Pumps:Custom-engineered solutions for sectors like wastewater, sugar, chemicals, oil & gas, ceramics, food & beverage, and defense.
- Exports:A solid 50+ country footprint. The global demand for efficient fluid-handling systems makes Roto a recurring vendor for many OEMs.
- Subsidiary Ecosystem:Roto Energy Systems (solar & green tech), Roto Pumps America, Roto Pumpen GmbH (Germany), and Roto Pumps MENA FZE.
So in short: they make things that move liquids which don’t want to move. It’s unsexy, unglamorous, but insanely profitable when done right. Because every factory needs a pump—and Roto makes sure it’s theirs.
4.Financials Overview
| Metric | Latest Qtr (Sep’25) | YoY Qtr (Sep’24) | Prev Qtr (Jun’25) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Revenue (₹ Cr) | 64.76 | 84.59 | 65.88 | -23.4% | -1.7% |
| EBITDA (₹ Cr) | 11.67 | 19.40 | 13.57 | -39.8% | -14.0% |
| PAT (₹ Cr) | 5.96 | 11.47 | 6.30 | -47.8% | -5.4% |
| EPS (₹) | 0.32 | 0.61 | 0.33 | -47.8% | -3.0% |
Annualised EPS = ₹0.32 × 4 =
₹1.28At CMP ₹58.4 →P/E = 45.6x(yikes, higher than Industry median 40x).
Commentary:It seems Roto’s quarterly performance went down the drain (pun intended). Revenue fell sharply YoY, and margins took a hit. It’s like their profit pipeline sprang a leak somewhere between Noida and Nairobi. With inflation and input costs clogging the system, the OPM squeezed from 22.9% to 18%.
5.Valuation Discussion – Fair Value Range
Let’s try three academic ways to value this mechanical maestro:
1. P/E Method:Average P/E of peers (Cummins, KSB, Elgi, etc.) ≈ 40x.If Roto’s annualised EPS = ₹1.28,→ Fair value = 1.28 × 30–40 =₹38–₹51range.
2. EV/EBITDA Method:EV = ₹1,111 Cr; EBITDA (TTM) = ₹57 Cr → EV/EBITDA = ~19.5x.Peer median ≈ 17x → reasonable value range ₹950–₹1,000 Cr EV→ Equity value = ₹50–₹55/share.
3. DCF (Discounted Cash Flow, assuming 10% growth, 12% WACC):DCF yields a value band around ₹48–₹60/share.
🧮Fair Value Range: ₹48–₹55/share.Disclaimer:This fair value range is for educational purposes only and not investment advice.
6.What’s Cooking – News, Triggers, Drama
Oh boy, Roto Pumps’ news section reads like a mix ofShark TankandCrime Patrol.
- May & Aug 2025:Embezzlement of ₹6 crore by an ex-director of the South African subsidiary. Investigation ongoing. Someone literally pumped out the money!
- Jun 2024:Launch ofRoto Energy Systemsfor global solar pumping systems. Because sunlight is the new diesel.
- Apr 2024:P-Range Pumplaunched globally—sleek, efficient, and allegedly their ticket to $100 million revenue by 2028.
- Sep 2024:Bagged ₹7.25 crore order from GPS Renewables for progressive cavity pumps. That’s renewable energy with a progressive twist.
- Nov 2025:Approved issuance of a $2 million Standby Letter of Credit for their MENA subsidiary. Global expansion continues.
Despite scandalous side stories, Roto’s management hasn’t slowed down. New plants, new pumps, new subsidiaries—it’s like the company’s motto is
