Roto Pumps shares soar over 11% today, reaching a 52-week high in an otherwise weak market

Despite trading marginally higher in the early trades, Indian headline indices were severely driven down, owing mostly to losses in financial services, banking, and information technology stocks. Roto Pumps Ltd attracted small-cap bulls due to being one of the top gainers of the BSE Smallcap pack and having a robust uptrend in an otherwise weak market. 

On an intraday basis on Thursday, shares of Roto Pumps Ltd witnessed substantial buying interest and soared more than 11% to a 52-week high of Rs 794.10 per share on the BSE. Shares have climbed more than 22% in a single month and have generated more than 70% returns in the last six months! 

Considering the company’s financial performance, on a consolidated basis, it reported a significant growth of 46.18% from Rs 49.23 crore registered in Q4FY22, recording total revenue of Rs 71.96 crore in Q4FY23. When comparing the net profit for the fourth quarter of FY23 to the same quarter last year, it climbed by 58.84% from Rs 6.92 crore to Rs 10.98 crore. Over the last five years, the company has achieved compounded profit growth at a CAGR of 31%. 

For the financial year ending March 31, 2023, the board recommended a final dividend of Rs 3.15 per equity share of Rs 2 each. It also approved and recommended the issuance of one equity share with a face value of Rs 2 each, fully paid up, for every one equity share with a face value of Rs 2 held on the record date. 

Established in 1968, Roto Pumps is the pioneer progressive cavity pump manufacturer in India. It is renowned for offering dependable and efficient pumping solutions to a variety of industries, including wastewater, sugar, paper, paint, oil & gas, chemicals, food & beverage, renewable energy, and power.  

Keep a close eye on this stock for the upcoming sessions!