About the Company
Roots Multiclean Ltd, established in 1992, is India’s premier manufacturer of mechanized cleaning equipment. Beginning with simple push sweepers, the company has evolved to produce a wide range of sophisticated cleaning machines, including scrubbers, high-pressure washers, industrial vacuum cleaners, carpet cleaners, steam cleaners, city sweepers, and runway sweepers. Their state-of-the-art manufacturing facility ensures superior quality products through rigorous testing and adherence to strict quality parameters. With a presence in 36 countries, Roots Multiclean Ltd serves various sectors such as manufacturing, railways, defense, pharmaceuticals, and automobile industries. The company prioritizes customer satisfaction by offering excellent sales and service support through a nationwide network of over 75 business development executives and 150 service engineers. Roots Multiclean Ltd has received numerous awards for excellence, including the Indian Government’s EEPC award six times in a row since 2011.
| Company Name | Roots Multiclean Limited |
| Company Type | Unlisted Public Company |
| Industry | Manufacturing |
| Founded | 1992 |
| Headquarters | Tamil Nadu, India |
| Website | https://www.rootsmulticlean.com |
Roots Multiclean Limited’s Principal Business Activities
| Name and Descriptions of main product/service | NIC Code of Product/Services |
| Floor Cleaning Equipment and Industrial Vaccum Cleaner | 29299 |
Products of Roots Multiclean Limited
Roots Multiclean Limited offers a diverse range of cleaning solutions tailored for various industrial, commercial, and domestic applications. Our comprehensive product lineup includes:
- Sweeping Machines: Effective solutions for clearing dirt and debris from floors, roads, and surfaces.
- Scrubber Driers: Mechanical scrubbing machines equipped with disc brushes or floor pads for efficient dirt removal and floor cleaning.
- Commercial Vacuum Cleaners: Industrial-grade vacuum cleaners designed for comprehensive cleaning requirements.
- Industrial Vacuum Cleaners: Powerful vacuum systems for removing debris from floors, equipment, and surfaces in industrial environments.
- High-Pressure Jets: Jet washers for high-intensity cleaning in industrial and commercial settings.
- Carpet Cleaners: Machines for revitalizing and cleaning carpets, ensuring a renewed appearance and prolonged lifespan.
- Steam Cleaners: Versatile solutions for a wide variety of industrial cleaning applications, providing effective and efficient cleaning.
- Janitorial Solutions: Comprehensive range of janitorial supplies and equipment, including mops, garbage bins, and signage.
- Detergents & Pads: Cleaning solutions and accessories designed to complement our cleaning machines and enhance cleaning performance.
Management of the Company
RAMASWAMY VARUN KARTHIKEYAN – Managing Director
Varun Ramaswamy, based in Coimbatore, Tamil Nadu, is the director with Roots Cast Private Limited and associated with six other companies, including Roots Multi Clean Limited, where he serves as Managing Director. His diverse portfolio suggests he is a dynamic and influential figure in the Indian business scene, involved in strategic decision-making and driving growth across multiple industries.
KRISHNASWAMY GOUNDER RAMASAMY – Director
Krishnaswamy Gounder Ramasamy is a director in nine Indian companies (including Roots Multiclean Limited) across various industries, including agriculture, motor vehicle manufacturing, machinery & equipment, metals, and chemicals. This indicates a wide-ranging expertise and involvement in different sectors. As a registered director with the Ministry of Corporate Affairs, Krishnaswamy Gounder Ramasamy likely plays a crucial role in the strategic decision-making and governance of these organizations, contributing to their growth and success in their respective fields.
RAJALAKSHMI KANDASWAMY UMAADHEVI – Director
Rajalakshmi Kandaswamy Umaadhevi holds directorship in six Indian companies spanning various industries, including machinery & equipment manufacturing, motor vehicle manufacturing, agriculture, and others. Her directorship across diverse sectors suggests a breadth of expertise and involvement in different areas of the economy. As a registered director with the Ministry of Corporate Affairs, Rajalakshmi Kandaswamy Umaadhevi likely plays a significant role in the strategic decision-making and governance of these organizations, contributing to their growth and success in their respective fields
Competitors of Roots Multiclean Limited
- Sharplex Filters India Pvt Ltd: Maharashtra, India
- SMEC Automation Pvt Ltd: Kerala, India
- Airoil Flaregas India Ltd: Maharashtra, India
- Ducom Instruments Pvt Ltd: Karnataka, India
Overview and Market Insights: Industrial Cleaning Services and Chemicals
Commercial office cleaning firms utilize a diverse range of cleaning techniques, chemicals, and equipment to enhance and expedite the cleaning process. Their services encompass various tasks such as general cleaning of floors, walls, ceilings, furniture, and windows, as well as deep cleaning of restrooms, kitchens, and other facilities. Additionally, they may provide specialized cleaning for telephones, IT equipment, and other periodic requirements.
Market Projections and Sector Expansion: Fiscal Year 2022 Insights
In fiscal year 2022, the industrial cleaning equipment market was projected to reach Rs. 7879.6 million, with an expected growth rate of 6.8% in FY23. This growth was closely tied to the expansion of end-use sectors, including manufacturing, healthcare, retail, automobile, aerospace, hotels, and food processing. Cleaning played a pivotal role in enhancing the productivity and efficiency of these industries.
Emerging Trends in the Industrial Cleaning Market.
Market Trends:
- Increasing Demand for Multi-Purpose Cleaning Products: General-purpose cleaning products are witnessing a surge in demand, particularly in sectors like hospitals, hotels, and workplaces, where they are used for various applications such as ware-washing and floor cleaning.
- Growth of Escalator Cleaning Machine Market: Escalators, being prominent fixtures in many buildings, require regular cleaning to maintain aesthetics and prevent wear. Escalator cleaning machines offer a convenient and efficient solution compared to other methods, leading to their increasing adoption. The Indian escalator market size stands at $17 million and is experiencing a robust growth rate of 18% CAGR.
Roots Multiclean’s Recognitions and Accolades
Awards & Achievements:
- Roots Multiclean Limited proudly acknowledges receiving the Excellence Award.
- The company has been honored with the EEPC award by the Indian Government six consecutive times since 2011.
Key-Strengths of Roots Multiclean Limited
- Diversified Revenue Streams: Roots Multiclean derives 23% of its total revenue from exports, primarily to countries such as Italy, Germany, USA, Sweden, and China. The company has expanded its product portfolio to enhance its presence in international markets.
- Wide Range of Industrial Cleaning Equipment: The company’s industrial cleaning equipment caters to various industries, including healthcare, manufacturing, food processing, automotive, facility management, and real estate. This diversification ensures a steady demand across different sectors, mitigating the impact of fluctuations in any single industry. This resilience has been particularly beneficial during the uncertain times of the COVID-19 pandemic. Additionally, Roots Multiclean has successfully launched three new products during this period, further strengthening its market position.
Opportunities and Threats for Roots Multiclean Limited
Opportunities:
- Growth Potential of Flagship Product: Roots Multiclean’s flagship product, “Wizzard,” has exceeded previous production records and is poised for continued success in the future.
- Increasing Demand for Mechanized Cleaning Equipment: With growing awareness of cleanliness and hygiene, the demand for mechanized cleaning equipment is expected to rise steadily.
Threats:
- Intense Competition: The company faces stiff competition, particularly from China, which dominates the global commercial cleaning and equipment manufacturing market. Major competitors benefit from lower costs of raw materials and manufacturing machinery, posing a challenge to Roots Multiclean’s market position.
Roots Multiclean Limited Share Price (as on 19.02.2024)
- The buy price of Roots Multiclean Limited varies based on quantity, ranging from 4210 for quantities between 11 – 20 shares to 4130 for quantities between 51 – 100 shares, with corresponding rates per share.
- The 52-week high is 4130, and the 52-week low is 3175, indicating the range of fluctuations in the share price. Additionally, the sell price of Roots Multiclean Limited is fixed at 3350.
Currently Roots Multiclean Limited Share Price is trading at around Rs. 4210/share. CLICK HERE to Invest.
Financial Metrics for Roots Multiclean Limited (as on 19.02.2024)
| Particulars | Amount |
| Price to Earning Ratio (P/E) | 83.69 |
| Price to Sales Ratio (P/S) | 2.58 |
| Price to Book Value (P/B) | 4.12 |
| Industry PE | 0 |
| Face Value | ₹ 10 |
| Book Value | ₹ 1002.3 |
| Market Cap | ₹826 Cr |
| Dividend | 3 |
| Dividend Yield | 0.07 % |
Shareholdings of Roots Multiclean Limited
| Shareholding Above 5% | Holding % |
| Ms Hako GMBH | 26 |
| Ms Roots Industries India Ltd | 18 |
| Sri R Varun Karthikeyan | 17.9 |
| Sri K Ramasamy | 11.75 |
| Ms Roots Auto Products Private Ltd | 7.5 |
| Smt R Yokanayaki | 5.02 |
| Other | 13.84 |
Roots Multiclean Limited Announces Proposed Dividend for Fiscal Year 2022
Roots Multiclean Limited proposed a 30% dividend (Rs. 3/- per share) for the fiscal year ending 31st March 2022. Shareholders listed in the Register of Members on the Book Closure date were eligible to receive the dividend. Additionally, the dividend was subject to taxation, with the company required to deduct tax at source as per regulations.
Roots Multiclean Limited’s Corporate Social Responsibilties
Commitment to Social Well-being: Roots Multiclean, a leading company in the cleaning solutions industry, is not just dedicated to business success but also to making a positive impact on society. Their commitment to Corporate Social Responsibility (CSR) is deeply ingrained in their culture, values, ethics, tradition, and spirituality.
Focus Areas of CSR: Roots Multiclean’s CSR initiatives cover a wide range of areas aimed at enhancing social well-being. These include:
- Environment: Protecting flora and fauna, preventing pollution, promoting environmental awareness, and maintaining cleanliness in public spaces.
- Education: Providing financial assistance, infrastructure, and amenities to rural schools, sponsoring needy students, and ensuring education for all.
- Health Care: Promoting general health awareness, preventive healthcare measures, and sanitation.
- Senior Citizen Welfare: Establishing facilities such as old age homes and day care centers for senior citizens.
- Eradicating Hunger: Addressing issues of hunger, poverty, and malnutrition in society.
Execution of CSR Activities: Roots Multiclean plans to execute its CSR activities through a collaborative effort involving both employees and management. While the management will provide financial support, employees are expected to contribute through their services. This approach ensures active involvement from all stakeholders and maximizes the impact of CSR initiatives.
Flexibility and Adaptability: Recognizing the dynamic nature of societal needs, Roots Multiclean maintains a flexible approach to CSR. They are open to adapting their initiatives to address emerging challenges and opportunities in society effectively.
Roots Multiclean Limited: Financials
₹ (in crores)
| Particulars | FY 2022 | FY 2021 | FY 2020 |
| Net Revenue | 319.75 | 269.36 | 269.89 |
| Profit After Tax | 25.70 | 21.09 | 22.56 |
| Earning per share | 125 | 95 | – |
The company experienced a marginal decline in net revenue from FY 2020 to FY 2021 but saw a notable increase in FY 2022, while profitability showed a consistent upward trend, with the profit after tax rising steadily over the three fiscal years, indicating improved operational efficiency and financial stability, likely bolstering investor confidence and suggesting promising prospects for future growth.
Conclusion
- Established Industry Leader: Roots Multiclean Limited, established in 1992, is a premier manufacturer of mechanized cleaning equipment in India, serving diverse sectors with sophisticated cleaning solutions.
- Global Presence and Customer Satisfaction: With operations in 36 countries, Roots Multiclean prioritizes customer satisfaction through excellent sales and service support, ensuring superior quality products and services.
- Recognition and Awards: The company has received prestigious awards, including the Indian Government’s EEPC award six times since 2011, underscoring its commitment to innovation, quality, and sustainability.
- Diversified Revenue Streams: Roots Multiclean derives 23% of its total revenue from exports and offers a wide range of industrial cleaning equipment catering to various industries, ensuring resilience against market fluctuations.
- Innovation and Product Portfolio Expansion: Despite stiff competition, Roots Multiclean continues to innovate and expand its product portfolio, with flagship products like “Wizzard” surpassing production records, indicating promising growth opportunities.
- Shareholder Value and Compliance: The proposed 30% dividend for fiscal year 2022 reflects the company’s commitment to shareholder value while ensuring compliance with taxation regulations.
- Corporate Social Responsibility (CSR): Through CSR initiatives, Roots Multiclean demonstrates a strong commitment to social well-being, covering areas such as environment, education, healthcare, and senior citizen welfare, fostering a positive impact on society.
- Roots Multiclean Limited Shareprice: The buy price of Roots Multiclean Limited varies based on quantity, ranging from 4210 for quantities between 11-20 shares to 4130 for quantities between 51-100 shares, with corresponding rates per share.
- Financial Resilience and Growth: Financially, Roots Multiclean has shown resilience and growth, with notable increases in net revenue and consistent profitability over the past three fiscal years, indicating improved operational efficiency and financial stability.
Overall, Roots Multiclean Limited stands as a key player in the cleaning solutions industry, with a strong foundation, strategic vision, and a commitment to excellence, poised for continued growth and success.
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