Ravelcare Ltd
Incorporated in November 2018, Ravelcare Ltd. is a digital-first beauty and personal care (BPC) brand offering a comprehensive range of products.[1]
- Market Cap ₹ 63.3 Cr.
- Current Price ₹ 92.2
- High / Low ₹ 215 / 83.0
- Stock P/E 12.0
- Book Value ₹ 54.5
- Dividend Yield 0.00 %
- ROCE 30.5 %
- ROE 22.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 119% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 45.1 to 96.3 days.
- Working capital days have increased from 45.6 days to 119 days
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Personal Products Personal Care
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.79 | 3.48 | 22.06 | 24.98 | 26.95 | ||
| 1.00 | 2.97 | 15.35 | 18.16 | 19.88 | ||
| Operating Profit | -0.21 | 0.51 | 6.71 | 6.82 | 7.07 | |
| OPM % | -26.58% | 14.66% | 30.42% | 27.30% | 26.23% | |
| 0.00 | 0.00 | 0.19 | 0.32 | 0.09 | ||
| Interest | 0.00 | 0.01 | 0.00 | 0.07 | 0.01 | 0.02 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.02 | 0.10 | 0.07 |
| Profit before tax | -0.11 | -0.22 | 0.51 | 6.81 | 7.03 | 7.07 |
| Tax % | 0.00% | 0.00% | -11.76% | 25.11% | 27.74% | 27.02% |
| -0.11 | -0.23 | 0.56 | 5.10 | 5.09 | 5.15 | |
| EPS in Rs | -0.22 | -0.46 | 1.12 | 10.20 | 10.17 | 7.51 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 98% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 119% |
| 3 Years: | 111% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 5.01 | 6.86 |
| Reserves | -0.12 | -0.35 | 0.16 | 5.25 | 5.34 | 30.55 |
| 0.12 | 0.42 | 0.41 | 0.04 | 0.00 | 0.00 | |
| 0.00 | -0.01 | 1.17 | 4.18 | 1.28 | 2.92 | |
| Total Liabilities | 0.01 | 0.07 | 1.75 | 9.48 | 11.63 | 40.33 |
| 0.00 | 0.00 | 0.01 | 0.22 | 0.16 | 0.11 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.48 |
| Investments | 0.00 | 0.00 | 0.00 | 0.79 | 3.07 | 4.51 |
| 0.01 | 0.07 | 1.74 | 8.47 | 8.40 | 33.23 | |
| Total Assets | 0.01 | 0.07 | 1.75 | 9.48 | 11.63 | 40.33 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -0.41 | 1.00 | 6.49 | -3.18 | -17.47 | ||
| 0.00 | -0.01 | -6.92 | 3.81 | -4.12 | ||
| 0.41 | -0.01 | -0.44 | -0.04 | 21.91 | ||
| Net Cash Flow | 0.00 | 0.98 | -0.87 | 0.59 | 0.32 | |
| Free Cash Flow | -0.41 | 0.99 | 6.26 | -3.22 | -19.97 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 195% | 196% | 122% | -22% | -231% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 2.81 | 36.24 | 96.29 | |
| Inventory Days | 0.00 | 307.37 | 24.18 | 103.98 | 90.21 | |
| Days Payable | 148.88 | 72.55 | 21.22 | 71.81 | ||
| Cash Conversion Cycle | 0.00 | 158.49 | -45.55 | 119.00 | 114.69 | |
| Working Capital Days | -166.33 | -87.05 | -31.93 | 49.83 | 118.78 | |
| ROCE % | -466.67% | 154.55% | 234.01% | 89.33% | 30.49% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended September 30, 2026; no demat or remat requests received.
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication for Notice of Annual General Meeting
Business Overview:[1][2]
RCL is a digital‑first personal care company specializing in personalised haircare and skincare. The company is engaged in trading of variety of personal care products such as haircare, skincare, bodycare, and other related products which are manufactured through third‑party manufacturers under the brand name of Ravel
a) Proposition & Delivery:
-Diagnostic Quiz: Proprietary online tool
captures each consumer’s hair and skin
profile, concerns, lifestyle, and environmental factors.
-Tailored Regimes: Maps inputs to
customised formulations and concern
‑led routines.
- Engineered Solutions: One formula
at a time, built around each individual’s
needs.
b) Offerings:
- Customised Haircare & Skincare
- Alternative Curated Solutions:
Concern‑specific regimens and
routines
- Direct‑to‑Consumer Distribution:
Digital‑first engagement model