Royal Arc Electrodes Ltd
Incorporated in 1996, Royalarc Electrodes Limited is engaged in manufacturing welding consumables such as welding electrodes, flux cored wire, and MIG/TIG wires.[1]
- Market Cap ₹ 171 Cr.
- Current Price ₹ 154
- High / Low ₹ 188 / 114
- Stock P/E 18.2
- Book Value ₹ 64.7
- Dividend Yield 0.00 %
- ROCE 22.2 %
- ROE 16.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Products Electrodes & Refractories
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 65 | 64 | 63 | 97 | 100 | 102 | |
| 59 | 58 | 59 | 82 | 83 | 87 | |
| Operating Profit | 6 | 6 | 4 | 15 | 17 | 15 |
| OPM % | 9% | 9% | 6% | 15% | 17% | 15% |
| 0 | 0 | 2 | 1 | 1 | 0 | |
| Interest | 3 | 3 | 1 | 1 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 3 |
| Profit before tax | 2 | 2 | 3 | 13 | 16 | 12 |
| Tax % | 37% | 34% | 25% | 27% | 27% | 25% |
| 1 | 1 | 2 | 10 | 12 | 9 | |
| EPS in Rs | 5.33 | 6.48 | 11.65 | 52.58 | 12.83 | 8.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | % |
| 3 Years: | 64% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 9 | 11 |
| Reserves | 9 | 11 | 19 | 29 | 33 | 61 |
| 28 | 24 | 8 | 1 | 0 | 1 | |
| 13 | 12 | 14 | 12 | 10 | 8 | |
| Total Liabilities | 52 | 48 | 42 | 44 | 52 | 81 |
| 21 | 18 | 15 | 14 | 16 | 20 | |
| CWIP | 1 | 0 | 0 | 0 | 1 | 2 |
| Investments | 0 | 0 | 0 | 1 | 2 | 1 |
| 30 | 30 | 28 | 29 | 33 | 57 | |
| Total Assets | 52 | 48 | 42 | 44 | 52 | 81 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 7 | 3 | 2 | 13 | 6 | 5 | |
| -8 | 2 | -1 | -2 | -6 | -7 | |
| -1 | -5 | -2 | -7 | -2 | 20 | |
| Net Cash Flow | -2 | 0 | -0 | 3 | -2 | 18 |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 56 | 61 | 76 | 62 | 76 | 75 |
| Inventory Days | 104 | 104 | 84 | 33 | 50 | 75 |
| Days Payable | 76 | 69 | 79 | 42 | 30 | 25 |
| Cash Conversion Cycle | 83 | 96 | 81 | 53 | 96 | 125 |
| Working Capital Days | 96 | 103 | 88 | 56 | 83 | 109 |
| ROCE % | 12% | 46% | 44% | 22% |
Documents
Announcements
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General Updates
28 May 2025 - Company exempt from SEBI Regulation 24A for FY2025 as listed on SME Exchange.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
28 May 2025 - ROYAL ARC ELECTRODES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Outcome of Board Meeting
28 May 2025 - Audited FY25 results approved; new auditors appointed; IPO proceeds utilized as planned; no deviations reported.
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Outcome of Board Meeting
28 May 2025 - Audited FY25 results approved; new auditors appointed; IPO proceeds fully utilized; tax litigation settled.
-
Board Meeting Intimation
19 May 2025 - Royal Arc Electrodes Limited has informed about Board Meeting to be held on 28-May-2025 to inter-alia consider and approve the Audited Financial results of the …
Annual reports
No data available.
Business Overview[1]
Royal Arc Electrodes manufactures welding consumables, including welding electrodes, flux-cored wire, and MIG/TIG wires. The company also trades ancillary products such as wheels, electro-slag, welding flux-cored wire, electro-slag strip cladding, SAW flux, and TIG/MIG wires.