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 ₹ 185 / 126
- Stock P/E 17.0
- Book Value ₹ 73.2
- Dividend Yield 0.32 %
- ROCE 18.0 %
- ROE 13.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
* 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
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 65 | 64 | 64 | 43 | 63 | 97 | 100 | 102 | 116 | |
| 59 | 58 | 61 | 40 | 59 | 82 | 83 | 87 | 101 | |
| Operating Profit | 6 | 6 | 3 | 3 | 4 | 15 | 17 | 15 | 15 |
| OPM % | 9% | 9% | 5% | 7% | 6% | 15% | 17% | 15% | 13% |
| 0 | 0 | 1 | 2 | 2 | 1 | 1 | 0 | 2 | |
| Interest | 3 | 3 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 2 | 2 | 2 | 2 | 3 | 13 | 16 | 12 | 14 |
| Tax % | 37% | 34% | 23% | 27% | 25% | 27% | 26% | 25% | 26% |
| 1 | 1 | 1 | 2 | 2 | 10 | 12 | 9 | 10 | |
| EPS in Rs | 5.33 | 6.48 | 6.54 | 8.63 | 11.65 | 52.58 | 13.04 | 8.12 | 9.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 22% |
| 3 Years: | 6% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 43% |
| 3 Years: | 1% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 18% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 9 | 11 | 11 |
| Reserves | 9 | 11 | 15 | 17 | 19 | 29 | 33 | 61 | 70 |
| 28 | 24 | 12 | 8 | 8 | 1 | 0 | 1 | 0 | |
| 13 | 12 | 10 | 12 | 14 | 12 | 10 | 8 | 10 | |
| Total Liabilities | 52 | 48 | 39 | 39 | 42 | 44 | 52 | 81 | 91 |
| 21 | 18 | 15 | 16 | 15 | 14 | 18 | 21 | 25 | |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 2 |
| 30 | 30 | 25 | 24 | 28 | 29 | 33 | 57 | 59 | |
| Total Assets | 52 | 48 | 39 | 39 | 42 | 44 | 52 | 81 | 91 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 7 | 3 | 6 | 7 | 2 | 13 | 6 | 4 | 8 | |
| -8 | 2 | 1 | -3 | -1 | -2 | -6 | -7 | -11 | |
| -1 | -5 | -8 | -5 | -2 | -7 | -2 | 21 | -1 | |
| Net Cash Flow | -2 | 0 | -2 | -0 | -0 | 3 | -2 | 18 | -5 |
| Free Cash Flow | -1 | 2 | 6 | 5 | 1 | 11 | 1 | -4 | -4 |
| CFO/OP | 132% | 51% | 176% | 252% | 77% | 88% | 56% | 49% | 73% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 61 | 61 | 90 | 76 | 62 | 75 | 75 | 81 |
| Inventory Days | 104 | 104 | 83 | 102 | 84 | 33 | 50 | 75 | 57 |
| Days Payable | 76 | 69 | 55 | 95 | 79 | 42 | 30 | 25 | 7 |
| Cash Conversion Cycle | 83 | 96 | 90 | 97 | 81 | 53 | 96 | 125 | 132 |
| Working Capital Days | 96 | 103 | 40 | 67 | 51 | 52 | 82 | 106 | 112 |
| ROCE % | 12% | 12% | 14% | 46% | 44% | 22% | 18% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Actual Production - Flux Cored Wire MT |
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| Actual Production - Welding Electrodes MT |
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| Capacity Utilization - Flux Cored Wire % |
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| Capacity Utilization - Welding Electrodes % |
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| Domestic Dealers/Distributors Number |
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| Installed Capacity - Flux Cored Wire MT |
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| Installed Capacity - Welding Electrodes MT |
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| Overseas Dealers Number |
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Extracted by Screener AI
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
19 May 2026 - FY26 audited results approved on May 19; 5% final dividend recommended; CS, secretarial, internal and cost auditors appointed.
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Change in Auditors
19 May 2026 - Board approved FY26 audited results, 5% final dividend, and key audit/secretarial appointments on May 19, 2026.
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Appointment
19 May 2026 - Board approved FY26 audited results, Rs.0.50 final dividend, appointed CS Krunal Shah and auditors.
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Outcome of Board Meeting
19 May 2026 - Board approved FY26 audited results, Rs0.50 final dividend, and appointed Krunal Shah as Company Secretary.
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Dividend
19 May 2026 - FY26 audited results approved; final dividend of Rs0.50/share, new CS, and auditor appointments.
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.