Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21.55 | 20.75 | 22.74 | 21.25 | 20.63 | 19.33 | 20.23 | 19.42 | 16.78 | 17.25 | 18.56 | 17.64 |
| Expenses | 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 | 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 % | 6.26% | 4.43% | 4.93% | 6.21% | 6.01% | 1.71% | 4.00% | 7.47% | 4.59% | 6.09% | 1.89% | 9.13% |
| Other Income | 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 | 0.01 | 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 | 0.33 | 0.20 | 0.20 | 0.20 | 0.08 | 0.20 | 0.20 | 0.20 | -0.02 | 0.20 |
| Profit before tax | 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 % | 24.80% | 25.25% | 19.17% | 5.22% | 38.17% | 47.06% | 31.25% | 21.74% | 27.36% | 26.00% | 33.04% | 22.22% |
| Net Profit | 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 | 0.30 | 0.24 | 0.31 | 0.35 | 0.26 | 0.05 | 0.22 | 0.40 | 0.24 | 0.24 | 0.24 | 0.43 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23.08 | 26.84 | 34.24 | 47.43 | 45.96 | 39.45 | 68.38 | 87.53 | 83.83 | 81.44 | 72.02 | 70.23 |
| Expenses | 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 | 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 % | 9.49% | 8.05% | 4.70% | 5.76% | 3.07% | 5.78% | 4.02% | 4.44% | 4.86% | 4.63% | 5.04% | 5.38% |
| Other Income | 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 | 0.38 | 0.49 | 0.71 | 0.68 | 0.46 | 0.37 | 0.46 | 0.46 | 0.18 | 0.14 | 0.05 | 0.03 |
| Depreciation | 0.80 | 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 | 1.70 | 1.42 | 0.84 | 1.77 | 0.78 | 2.01 | 2.78 | 4.17 | 4.16 | 3.76 | 4.79 | 4.89 |
| Tax % | 40.59% | 40.14% | -1.19% | 42.37% | 34.62% | 32.84% | 26.62% | 28.06% | 22.84% | 27.39% | 26.51% | |
| Net Profit | 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 | 0.32 | 0.27 | 0.27 | 0.33 | 0.16 | 0.44 | 0.66 | 0.97 | 1.03 | 0.88 | 1.13 | 1.15 |
| Dividend Payout % | 30.84% | 36.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.70% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 12% | 13% | -6% | -12% | ||
| Compounded Profit Growth | 12% | 19% | 0% | 24% | ||
| Stock Price CAGR | 6% | 16% | -13% | -25% | ||
| Return on Equity | 7% | 9% | 9% | 8% |
| 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 |
| Borrowings | 3.17 | 5.34 | 4.47 | 5.47 | 5.66 | 2.46 | 5.47 | 9.56 | 3.18 | 1.30 | 1.04 | 0.10 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3.25 | 0.02 | -0.50 | -0.25 | 1.54 | 4.38 | -2.42 | -3.90 | 7.50 | 4.40 | 4.57 | 6.43 |
| Cash from Investing Activity | -2.83 | -1.34 | -0.36 | 0.20 | -1.43 | -0.81 | 0.39 | -0.34 | -0.85 | -0.58 | -1.10 | 0.45 |
| Cash from Financing Activity | 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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% | 27.96% |
| Public | 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 | 7,162 | 9,440 | 14,596 | 15,383 | 19,204 | 19,029 | 18,611 | 18,110 | 17,488 | 16,885 | 16,298 | 16,099 |
Fundamentals
Market Cap₹ 39.9 Cr.
Current Price₹ 12.8
Stock P/E11.1
Book Value₹ 12.5
ROCE11.8 %
ROE8.17 %
Dividend Yield1.56 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-12%
Compounded Profit Growth (TTM)24%
Standalone figures.
Valuation
Market capRs 41 Cr
Enterprise valueRs 30 Cr
P/E (TTM)11.43x
Price to book1.06x
Price to sales0.58x
EV / EBITDA5.45x
EV / EBIT6.09x
EV / sales0.43x
Price to cash flow6.38x
Earnings yield8.75%
Dividend yield1.51%
P/E, 3-year average16.37x
P/B, 3-year average1.46x
P/E, 5-year average14.69x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)5.04%
Operating margin (incl. other income)7.53%
EBITDA margin7.86%
Pre-tax margin6.96%
Net profit margin5.11%
Net margin, latest quarter7.54%
ROE9.50%
ROCE12.86%
ROA8.76%
ROE, 3-year average9.30%
ROCE, 3-year average12.34%
ROA, 3-year average8.28%
ROE, 5-year average9.34%
ROCE, 5-year average12.07%
ROA, 5-year average7.77%
ROIC (approx.)13.00%
Tax rate26.51%
Other income / net worth4.61%
Growth
Sales growth (latest year)-11.57%
Profit growth (latest year)28.47%
Sales CAGR, 3 years-6.29%
Sales CAGR, 5 years12.79%
Profit CAGR, 3 years5.36%
Profit CAGR, 5 years20.95%
Sales growth QoQ-4.96%
Profit growth QoQ75.00%
Sales growth YoY (latest quarter)-9.17%
Profit growth YoY (latest quarter)5.56%
Per share
EPS (TTM)Rs 1.15
EPS (latest year)Rs 1.13
EPS (latest quarter)Rs 0.43
EPS, 3-year averageRs 1.01
EPS, 5-year averageRs 0.93
Book value per shareRs 12.48
Sales per shareRs 22.56
Cash flow per shareRs 2.07
Free cash flow per shareRs 1.94
Dividend per share (latest year)Rs 0.20
Dividend per share, 3-year averageRs 0.20
Dividend per share, 5-year averageRs 0.20
Dividends
Dividend payout17.61%
Dividend payout, 3-year average17.61%
Dividend payout, 5-year average17.61%
Efficiency
Asset turnover1.75x
Fixed asset turnover12.06x
Inventory turnover9.75x
Inventory days37 days
Debtor days58 days
Debtors turnover6.32x
Creditor days1 days
Cash conversion cycle100 days
Working capital days101 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 11 Cr
Net debtRs -11 Cr
Debt to equity0.00x
Net debt / EBITDA-1.98x
Interest coverage98.80x
Owners' fund to total sources94.32%
Debt to assets0.24%
Cash flow
Cash from Operating Activity (latest year)Rs 6 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 5 Cr
Cash from ops / profit, 5 years1.31x
Sales to cash flow11.20x
Statement figures
Net sales (TTM)Rs 70 Cr
Net sales (latest year)Rs 72 Cr
Sales (latest quarter)Rs 18 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 5 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 60 Cr
Total expenditure (latest year)Rs 68 Cr
Total income (latest year)Rs 74 Cr
Share capitalRs 6 Cr
ReservesRs 33 Cr
Shareholders' fundsRs 39 Cr
Total assetsRs 41 Cr
Net blockRs 6 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 2 Cr
ReceivablesRs 11 Cr
InventoryRs 6 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)3.11
Ownership
Promoter holding27.96% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 11.4 is at the 14th percentile of its own 9.4-year range
(median 18.6, low 5.0, high 39.7).
P/B 1.06 is at the 53th percentile (median 1.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 531233 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.8% | -2.8% | -0.0 pts |
| 1 month | +7.3% | -6.8% | +14.1 pts |
| 3 months | +4.0% | -7.6% | +11.6 pts |
| 3 years | -32.2% | +14.2% | -46.4 pts |
| 5 years | +126.5% | +27.9% | +98.6 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹18 Cr -9.2% vs Jun 2025.
Net profit ₹1 Cr +5.6%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Rasi Electrodes Ltd?
Rasi Electrodes Ltd (531233) has a market capitalisation of Rs 39.9 Cr. at the 2026-10-01 close.
What is the P/E ratio of Rasi Electrodes Ltd?
Rasi Electrodes Ltd trades at a P/E of 11.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Rasi Electrodes Ltd's latest quarterly results?
In the Jun 2026 quarter, Rasi Electrodes Ltd sales was Rs 18 Cr (-9.2% vs Jun 2025) and net profit was Rs 1 Cr.