R M Drip shares rise after entering smart irrigation with IoT partnership
News by Aliceblue News Desk
16 Feb 2026
Introduction
Leading micro-irrigation manufacturer entered smart irrigation through a technology partnership, expanding into IoT-based solutions and integrated hardware-software platforms to support nationwide digital agriculture and automation initiatives.
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Share price movement of R M Drip
On February 16, 2026, R M Drip and Sprinklers Systems Ltd opened at ₹115.35, up 0.40% from its previous close of ₹114.90. The stock reached a high of ₹116.65 (1.52%) and a low of ₹115.35 (0.40%). By 3:12 PM, it traded at ₹116.50, a 1.39% increase, with a market cap of ₹2,910.17 crore.
RM Drip Enters Smart Irrigation
R M Drip & Sprinklers Systems Limited announced strategic entry into smart irrigation through a technology partnership with an advanced farm automation company. Initiative focuses on IoT-based irrigation and digital agriculture solutions.
The move expands the company from hardware-led products to an integrated hardware and software platform. New revenue streams include hardware, mobile apps, analytics, and subscription services, expected to contribute ~5% of revenue in FY27.
The company will leverage 1,000+ dealer and retail touchpoints for nationwide rollout. Smart irrigation aligns with government water conservation, solar irrigation, and digital agriculture initiatives, supporting long-term revenue and scalable growth.
Stock performance of R M Drip for period of 1 week, 6 months, and 1 year
R M Drip and Sprinklers Systems Ltd delivered a 2.34% return over the past week, gained 62.7% in the past 6 months, and rose 186% over the past 1 year.
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Shareholding pattern of R M Drip
| Particulars | Dec 2025 | Sep 2025 | Jun 2025 |
| Promoter | 21.10% | 21.10% | 21.10% |
| FII | 2.50% | 3.00% | 3.00% |
| DII | 0.40% | 0.40% | 0.40% |
| Public | 76.10% | 75.60% | 75.60% |
About R M Drip
R M Drip and Sprinklers Systems Limited (NSE: RMDRIP) manufactures micro-irrigation solutions, operating three plants, 1,000+ dealers, and six outlets, with a strong presence across 10+ Indian states.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is R M Drip and Sprinklers Systems Limited share price rising today?
A: R M Drip and Sprinklers Systems Limited share price rose on news of entering smart irrigation with IoT-based solutions and nationwide platform expansion.
Q: What is R M Drip and Sprinklers Systems Limited’s main business focus?
A: R M Drip and Sprinklers Systems Limited focuses on manufacturing micro-irrigation solutions, including drip irrigation, sprinkler systems, pipes, and filtration products across India.
Q: What are the 52-week high and low of R M Drip and Sprinklers Systems Limited stock?
A: R M Drip and Sprinklers Systems Limited stock 52-week high is ₹116.65 and 52-week low is ₹62.55.
News Author
Aliceblue News Desk
