Raghav Productivity Enhancers Ltd
RPEL is engaged in manufacturing of quartz based ramming mass, quartz powder, and tundish board. It sells its products under the brand name of “Raghav”. [1]
- Market Cap ₹ 4,613 Cr.
- Current Price ₹ 1,005
- High / Low ₹ 1,030 / 450
- Stock P/E 101
- Book Value ₹ 42.2
- Dividend Yield 0.10 %
- ROCE 25.8 %
- ROE 20.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 23.8 times its book value
- Promoter holding has decreased over last 3 years: -6.70%
* 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 BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 65 | 100 | 137 | 133 | 200 | 228 | |
| 50 | 75 | 101 | 93 | 146 | 164 | |
| Operating Profit | 15 | 25 | 36 | 40 | 54 | 63 |
| OPM % | 23% | 25% | 26% | 30% | 27% | 28% |
| 0 | 2 | 0 | 0 | 1 | 2 | |
| Interest | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 3 | 5 | 6 | 7 |
| Profit before tax | 12 | 24 | 34 | 35 | 48 | 58 |
| Tax % | 25% | 24% | 25% | 25% | 23% | |
| 9 | 18 | 25 | 26 | 37 | 45 | |
| EPS in Rs | 2.10 | 4.09 | 5.48 | 5.66 | 8.05 | 9.90 |
| Dividend Payout % | 6% | 6% | 5% | 8% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 28% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 63% |
| 1 Year: | 23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 23 | 46 |
| Reserves | 54 | 98 | 122 | 135 | 148 |
| 0 | 6 | 10 | 9 | 7 | |
| 10 | 18 | 18 | 19 | 31 | |
| Total Liabilities | 75 | 132 | 161 | 186 | 231 |
| 28 | 27 | 27 | 88 | 93 | |
| CWIP | 0 | 31 | 59 | 0 | 2 |
| Investments | 0 | 2 | 6 | 14 | 34 |
| 47 | 73 | 69 | 84 | 102 | |
| Total Assets | 75 | 132 | 161 | 186 | 231 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 11 | 9 | 20 | 21 | 39 | |
| -13 | -42 | -24 | -15 | -30 | |
| 8 | 29 | 3 | -3 | -5 | |
| Net Cash Flow | 7 | -4 | -1 | 2 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 103 | 131 | 98 | 109 | 94 |
| Inventory Days | 149 | 166 | 159 | 260 | 223 |
| Days Payable | 75 | 130 | 99 | 121 | 114 |
| Cash Conversion Cycle | 177 | 167 | 159 | 248 | 202 |
| Working Capital Days | 130 | 115 | 125 | 162 | 119 |
| ROCE % | 26% | 26% | 23% | 26% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Nov - RPEL to attend JM Financial India Conference on Nov 19, 2025; physical group and one-on-one meetings in Mumbai.
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Clarification On Price Movement
11 Nov - 11 Nov 2025: Raghav Productivity says price movement market-driven; all disclosures made.
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Clarification sought from Raghav Productivity Enhancers Ltd
10 Nov - Exchange has sought clarification from Raghav Productivity Enhancers Ltd on November 10, 2025 with reference to significant movement in price, in order to ensure that …
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Oct
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Oct - H1 FY26 (Sep 30, 2025): Volume 159K MT, Revenue ₹122 Cr, PAT ₹26 Cr; record sales and profit.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Key Customers
Key customers for RPEL include R.L. Steel, Mahalakshmi TMT, and Varsana SPA, to whom the company supplies ramming mass, silica ramming mixes, quartz, etc. [1]