Rasi Electrodes Ltd

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Rasi Electrodes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Rasi Electrodes Ltd

₹ 13.0 -1.59%
05 Oct - close price
rasielectrodes.com BSE: 531233
About

Incorporated in 1995, Rasi Electrodes Ltd
is a manufacturer of Mild Steel Electrodes
and Copper Coated Welding wires[1]

Key Points

Business Overview:[1][2]
a) REL is a Small-Scale industries registered under MSME category
b) The company manufactures Welding Consumables, Arc Welding Electrodes, Copper Coated Mild Steel (CCMS) Wire and Drawn Wires
c) It also trades in goods such as power tools, grinding, wheels, transformers, MIG/MAG machines, rectifiers and natural rutile ore.
d) The products primarily fall into 2
categories –electrodes and copper-coated mild steel wires and drawn wires–which are used in welding.
e) The company trades by importing rutile and Flux on a regular basis
f) The company also does trading in Groceries, Staples and other similar branded
products,

Website BSE
  • Market Cap ₹ 40.4 Cr.
  • Current Price ₹ 13.0
  • High / Low ₹ 21.0 / 9.27
  • Stock P/E 11.2
  • Book Value ₹ 12.5
  • Dividend Yield 1.54 %
  • ROCE 11.8 %
  • ROE 8.17 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value

Cons

  • Promoter holding is low: 28.0%
  • Company has a low return on equity of 8.63% over last 3 years.
  • Earnings include an other income of Rs.1.72 Cr.

* 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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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
18.80 21.55 20.75 22.74 21.25 20.63 19.33 20.23 19.42 16.78 17.25 18.56 17.64
18.13 20.20 19.83 21.62 19.93 19.39 19.00 19.42 17.97 16.01 16.20 18.21 16.03
Operating Profit 0.67 1.35 0.92 1.12 1.32 1.24 0.33 0.81 1.45 0.77 1.05 0.35 1.61
OPM % 3.56% 6.26% 4.43% 4.93% 6.21% 6.01% 1.71% 4.00% 7.47% 4.59% 6.09% 1.89% 9.13%
0.27 0.06 0.28 0.44 0.07 0.29 0.25 0.26 0.37 0.49 0.15 0.78 0.30
Interest 0.07 0.01 0.06 0.03 0.04 0.02 0.04 0.03 0.01 0.00 0.00 0.03 0.00
Depreciation 0.15 0.15 0.15 0.33 0.20 0.20 0.20 0.08 0.20 0.20 0.20 -0.02 0.20
Profit before tax 0.72 1.25 0.99 1.20 1.15 1.31 0.34 0.96 1.61 1.06 1.00 1.12 1.71
Tax % 22.22% 24.80% 25.25% 19.17% 5.22% 38.17% 47.06% 31.25% 21.74% 27.36% 26.00% 33.04% 22.22%
0.56 0.93 0.74 0.97 1.09 0.80 0.17 0.67 1.26 0.76 0.74 0.76 1.33
EPS in Rs 0.18 0.30 0.24 0.31 0.35 0.26 0.05 0.22 0.40 0.24 0.24 0.24 0.43
Raw PDF

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
23.29 23.08 26.84 34.24 47.43 45.96 39.45 68.38 87.53 83.83 81.44 72.02 70.23
21.31 20.89 24.68 32.63 44.70 44.55 37.17 65.63 83.64 79.76 77.67 68.39 66.45
Operating Profit 1.98 2.19 2.16 1.61 2.73 1.41 2.28 2.75 3.89 4.07 3.77 3.63 3.78
OPM % 8.50% 9.49% 8.05% 4.70% 5.76% 3.07% 5.78% 4.02% 4.44% 4.86% 4.63% 5.04% 5.38%
0.55 0.69 0.57 0.62 0.54 0.71 0.85 1.17 1.42 1.05 0.81 1.79 1.72
Interest 0.44 0.38 0.49 0.71 0.68 0.46 0.37 0.46 0.46 0.18 0.14 0.05 0.03
Depreciation 0.60 0.80 0.82 0.68 0.82 0.88 0.75 0.68 0.68 0.78 0.68 0.58 0.58
Profit before tax 1.49 1.70 1.42 0.84 1.77 0.78 2.01 2.78 4.17 4.16 3.76 4.79 4.89
Tax % 36.91% 40.59% 40.14% -1.19% 42.37% 34.62% 32.84% 26.62% 28.06% 22.84% 27.39% 26.51%
0.94 1.01 0.85 0.85 1.02 0.51 1.36 2.05 3.01 3.20 2.74 3.52 3.59
EPS in Rs 0.31 0.32 0.27 0.27 0.33 0.16 0.44 0.66 0.97 1.03 0.88 1.13 1.15
Dividend Payout % 32.77% 30.84% 36.65% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.70%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: -6%
TTM: -12%
Compounded Profit Growth
10 Years: 12%
5 Years: 19%
3 Years: 0%
TTM: 24%
Stock Price CAGR
10 Years: 7%
5 Years: 16%
3 Years: -15%
1 Year: -27%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 9%
Last Year: 8%

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 6.16 6.23 6.23 6.23 6.23 6.23 6.23 6.23 6.23 6.23 6.23 6.23
Reserves 13.58 14.44 14.80 15.61 16.58 17.05 18.24 20.21 23.20 26.36 29.04 32.63
3.17 5.34 4.47 5.47 5.66 2.46 5.47 9.56 3.18 1.30 1.04 0.10
2.36 1.75 1.91 2.15 2.47 2.83 2.72 2.29 2.02 3.42 2.82 2.24
Total Liabilities 25.27 27.76 27.41 29.46 30.94 28.57 32.66 38.29 34.63 37.31 39.13 41.20
6.29 6.50 5.99 5.85 6.87 7.12 6.47 6.29 6.74 6.88 6.48 5.97
CWIP 0.13 0.00 0.04 0.00 0.00 0.04 0.00 0.01 0.00 0.00 0.00 0.33
Investments 0.02 0.79 0.76 0.47 0.44 0.21 0.32 0.54 0.51 0.75 2.09 2.35
18.83 20.47 20.62 23.14 23.63 21.20 25.87 31.45 27.38 29.68 30.56 32.55
Total Assets 25.27 27.76 27.41 29.46 30.94 28.57 32.66 38.29 34.63 37.31 39.13 41.20

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
-3.25 0.02 -0.50 -0.25 1.54 4.38 -2.42 -3.90 7.50 4.40 4.57 6.43
-2.83 -1.34 -0.36 0.20 -1.43 -0.81 0.39 -0.34 -0.85 -0.58 -1.10 0.45
5.98 1.63 -1.38 0.29 -0.49 -3.66 2.63 3.63 -6.84 -2.06 -0.40 -0.99
Net Cash Flow -0.09 0.31 -2.24 0.25 -0.38 -0.09 0.60 -0.61 -0.18 1.76 3.07 5.89
Free Cash Flow -6.59 -1.00 -0.85 -0.74 -0.30 3.22 -2.42 -4.42 6.38 3.54 4.23 6.04
CFO/OP -164% 16% 1% 4% 80% 330% -86% -116% 222% 136% 149% 212%

Ratios

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 98.42 98.68 108.52 100.63 79.96 80.21 110.19 81.19 60.42 62.87 63.46 57.72
Inventory Days 83.30 109.50 104.14 76.68 64.62 69.48 103.07 74.58 48.16 42.01 43.11 43.67
Days Payable 16.11 3.83 8.80 12.71 13.05 14.11 8.65 0.90 0.10 5.39 2.27 1.20
Cash Conversion Cycle 165.61 204.35 203.87 164.60 131.53 135.57 204.61 154.87 108.48 99.49 104.30 100.19
Working Capital Days 170.20 169.53 190.80 157.45 117.74 125.80 160.80 106.70 95.12 103.23 100.48 101.06
ROCE % 9.61% 8.54% 7.42% 5.19% 9.00% 4.65% 8.19% 9.58% 13.50% 12.84% 10.85% 11.82%

Insights

In beta
Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Arc Welding Electrodes Production
MT (Metric Tonnes)

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CCMS Wire Production
MT (Metric Tonnes)
FOB Value of Exports
Rs. Lakhs
Wire Rod Production
MT (Metric Tonnes)

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96% 27.96%
72.04% 72.04% 72.05% 72.04% 72.05% 72.05% 72.04% 72.05% 72.05% 72.05% 72.05% 72.05%
No. of Shareholders 7,1629,44014,59615,38319,20419,02918,61118,11017,48816,88516,29816,099

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