Rapicut Carbides Ltd

₹ 309 1.99%

12 Aug 3:32 p.m.

About

Incorporated in 1977, Rapicut Carbides Ltd manufactures Tungsten Carbide products used in metal cutting, mining, wear parts and various other industries^[1]

Key Points

Product Profile:^[1]
a) Mining Products:^[2]
Drill Steel Inserts, Octagonal and Square Inserts, Tungsten Carbide Buttons, Bucket Wheel Excavation (BWE) Inserts, Carset/Cross Bits Inserts, Flow Beans/ Nozzles, etc.
b) Wear Parts:^[3]
Tungsten Carbide Seal Rings, Pellets/Nibs, Jute Eyelets, etc.
c) Metal Cutting:^[4]
2000 different varieties of standard tips, apart from custom-built special tips
d) Intermediates:^[5]
Tungsten Metal Powder, Tungsten Carbide Powder, Fused Tungsten Carbide Powder, Ready to Press Powder, etc.
e) Finished Product:^[6]
Stem and seat for High Pressure Control Valve, Tungsten Carbide Seat for pneumatic valve, Scarfing tools and Pressure/ Squeeze Rolls for ERW Tube, Forming tools for various Industry. Company supplies Flats, segments, Bushes, Rods, Brazed Tools etc. for various applications

Website BSE

Market Cap ₹ 166 Cr.
Current Price ₹ 309
High / Low ₹ 309 / 66.7
Stock P/E 14.3
Book Value ₹ 40.4
Dividend Yield 0.00 %
ROCE 11.3 %
ROE 9.98 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 35.2% CAGR over last 5 years
Debtor days have improved from 44.3 to 23.7 days.
Company's working capital requirements have reduced from 95.5 days to 49.5 days

Cons

Stock is trading at 7.65 times its book value
Company has a low return on equity of 0.06% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	12.28	15.70	15.26	16.92	10.89	8.95	11.67	10.48	10.38	15.82	20.78	49.31	82.04
	12.55	15.52	14.49	16.14	11.34	9.07	12.90	9.73	11.50	14.18	18.78	48.84	71.35
Operating Profit	-0.27	0.18	0.77	0.78	-0.45	-0.12	-1.23	0.75	-1.12	1.64	2.00	0.47	10.69
OPM %	-2.20%	1.15%	5.05%	4.61%	-4.13%	-1.34%	-10.54%	7.16%	-10.79%	10.37%	9.62%	0.95%	13.03%
	0.06	0.00	0.03	0.02	0.11	0.02	0.01	0.01	0.01	0.10	0.01	0.17	0.02
Interest	0.05	0.12	0.17	0.14	0.09	0.22	0.27	0.26	0.16	0.23	0.12	0.09	0.14
Depreciation	0.14	0.15	0.12	0.12	0.12	0.12	0.13	0.13	0.13	0.14	0.14	0.14	0.14
Profit before tax	-0.40	-0.09	0.51	0.54	-0.55	-0.44	-1.62	0.37	-1.40	1.37	1.75	0.41	10.43
Tax %	2.50%	11.11%	7.84%	1.85%	3.64%	6.82%	-0.62%	10.81%	0.00%	8.76%	9.71%	-60.98%	21.67%
	-0.40	-0.10	0.46	0.53	-0.57	-0.47	-1.61	0.33	-1.41	1.25	1.57	0.65	8.17
EPS in Rs	-0.74	-0.19	0.86	0.99	-1.06	-0.88	-3.00	0.61	-2.63	2.33	2.92	1.21	15.21
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	38	33	42	42	46	33	28	36	40	60	42	96	168
	34	30	37	36	41	33	28	36	40	59	43	93	153
Operating Profit	4	3	5	5	5	1	-0	0	-0	1	-1	3	15
OPM %	12%	10%	12%	13%	10%	2.2%	-1.1%	0.4%	-0.6%	2.4%	-2.5%	3.1%	9%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	1	0	0	0	0	0	0	0	0	0	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1	0	1	1
Profit before tax	3	2	4	4	4	-0	-1	-1	-1	1	-2	2	14
Tax %	33%	39%	32%	26%	24%	-81%	-33%	64%	21%	12%	4%	2%
	2	1	3	3	3	-0	-1	-1	-1	0	-2	2	12
EPS in Rs	4.13	2.70	5.55	5.88	5.29	-0.15	-1.53	-1.97	-2.51	0.91	-4.34	3.84	21.67
Dividend Payout %	29%	44%	27%	31%	28%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	11%
5 Years:	28%
3 Years:	35%
TTM:	305%

Compounded Profit Growth
10 Years:	4%
5 Years:	35%
3 Years:	52%
TTM:	468%

Stock Price CAGR
10 Years:	19%
5 Years:	56%
3 Years:	66%
1 Year:	284%

Return on Equity
10 Years:	2%
5 Years:	-2%
3 Years:	0%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	5	5	5	5	5	5	5	5	5
Reserves	13	14	17	19	20	19	18	17	16	17	14	16
	3	2	-1	1	3	2	0	2	3	1	7	0
	8	5	7	9	7	7	8	8	9	10	6	44
Total Liabilities	29	26	28	35	36	33	31	32	34	34	32	66
	5	5	6	5	5	5	4	4	4	5	5	5
CWIP	0	0	0	0	0	0	0	0	0	0	0	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	24	21	23	29	31	28	27	28	29	29	27	59
Total Assets	29	26	28	35	36	33	31	32	34	34	32	66

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	4	7	-0	-1	4	5	-5	-0	3	-4	12
	-0	-0	-2	-0	-0	-1	-0	-0	-1	-0	-1	-1
	-1	-3	-5	1	1	-3	-2	2	1	-3	5	-7
Net Cash Flow	0	1	-0	-0	-1	0	3	-3	0	-0	0	3
Free Cash Flow	1	4	5	-1	-1	3	5	-5	-1	3	-5	10
CFO/OP	39%	119%	129%	-6%	-3%	597%	-1,623%	-3,469%	125%	217%	371%	391%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	63	57	35	60	70	74	92	105	96	53	56	24
Inventory Days	234	245	198	295	249	299	284	224	214	153	220	179
Days Payable	72	34	58	80	51	62	108	71	81	64	36	47
Cash Conversion Cycle	225	268	176	274	268	311	269	258	229	142	240	156
Working Capital Days	128	148	142	163	166	212	202	182	155	106	130	50
ROCE %	19%	13%	22%	19%	15%	-0%	-4%	-2%	-3%	4%	-6%	11%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Employees at Year End
Nos

xxx	xxx	xxx	xx	xx	xx	xx	xx	xx	xx
xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
xxx,xxx	x,xxx,xxx	xxx,xxx	x,xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
	xx.xx		xx.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx
	xxx	xxx	xxx

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Production Volume - Intermediates
Kgs

Production Volume - Metal Cutting
Nos

Production Volume - Mining
Nos

Production Volume - TC Tool Room Products
Nos

Production Volume - Wear Parts
Nos

Export Revenue (Foreign Exchange Earnings)
Rs. Lakhs

Installed Production Capacity
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	40.46%	41.72%	41.72%	41.72%
	0.03%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.20%	0.19%	0.19%	0.19%
	59.52%	59.54%	59.53%	59.53%	59.53%	59.55%	59.53%	59.54%	59.35%	58.09%	58.09%	58.10%
No. of Shareholders	3,594	3,535	3,783	3,761	3,950	3,876	3,833	3,853	4,187	4,045	4,035	4,006

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	35.26%	32.99%	32.99%	32.31%	33.39%	37.79%	40.28%	40.46%	40.46%	41.72%	41.72%
	0.06%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.01%	0.01%	0.19%	0.19%
	64.67%	66.98%	66.98%	67.66%	66.59%	62.18%	59.69%	59.53%	59.53%	58.09%	58.10%
No. of Shareholders	4,488	4,633	4,362	4,214	3,993	3,761	3,689	3,783	3,833	4,035	4,006

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Rapicut Carbides Ltd

Rapicut Carbides Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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