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 | 172 | 134 | 137 | 148 | 100 | 111 | 138 | 133 | 126 | 91 | 20 | 0 |
| Expenses | 168 | 130 | 135 | 144 | 96 | 107 | 135 | 130 | 122 | 88 | 31 | 13 |
| Operating Profit | 4 | 4 | 2 | 4 | 4 | 3 | 3 | 3 | 4 | 2 | -12 | -13 |
| OPM % | 2.6% | 3.1% | 1.5% | 2.4% | 3.5% | 3.1% | 2.0% | 2.4% | 2.9% | 2.6% | -59% | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Interest | 2 | 2 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 2 | 1 |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -15 | -16 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | -15 | -16 |
| EPS in Rs | 0.61 | 0.51 | 0.75 | 0.59 | 0.37 | 0.54 | 0.66 | 0.51 | 0.59 | 0.43 | -9.04 | -9.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 209 | 186 | 247 | 410 | 383 | 324 | 494 | 482 | 614 | 496 | 369 | 236 |
| Expenses | 202 | 179 | 239 | 401 | 371 | 312 | 481 | 467 | 600 | 483 | 371 | 255 |
| Operating Profit | 7 | 7 | 7 | 8 | 12 | 12 | 13 | 15 | 14 | 13 | -2 | -19 |
| OPM % | 3.5% | 3.6% | 3.0% | 2.1% | 3.1% | 3.7% | 2.7% | 3.1% | 2.3% | 2.7% | -0.7% | -8% |
| Other Income | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 | 4 | 3 | 4 | 5 | 6 | 6 | 6 | 6 |
| Depreciation | 5 | 4 | 4 | 5 | 6 | 6 | 6 | 7 | 4 | 5 | 5 | 5 |
| Profit before tax | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | -12 | -29 |
| Tax % | -3% | 38% | 35% | 32% | 5% | 24% | 10% | 22% | 12% | 27% | -6% | |
| Net Profit | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 | 4 | 3 | -12 | -29 |
| EPS in Rs | 0.91 | 0.59 | 0.86 | 1.15 | 1.67 | 1.41 | 1.75 | 1.58 | 2.19 | 1.57 | -7.05 | -17.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 3% | -9% | -51% | ||
| Compounded Profit Growth | % | % | % | -945% | ||
| Stock Price CAGR | 7% | -11% | -14% | -47% | ||
| Return on Equity | 1% | 0% | -2% | -13% |
| 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 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 58 | 59 | 60 | 61 | 64 | 66 | 69 | 71 | 74 | 78 | 80 | 69 |
| Borrowings | 31 | 23 | 15 | 12 | 29 | 41 | 47 | 65 | 72 | 67 | 82 | 86 |
| Other Liabilities | 30 | 29 | 21 | 19 | 18 | 20 | 20 | 22 | 22 | 18 | 17 | 83 |
| Total Liabilities | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |
| Fixed Assets | 27 | 22 | 22 | 25 | 36 | 38 | 43 | 42 | 42 | 38 | 41 | 41 |
| CWIP | 6 | 9 | 13 | 11 | 10 | 13 | 10 | 9 | 7 | 7 | 5 | 0 |
| Investments | 20 | 12 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 |
| Other Assets | 83 | 85 | 77 | 72 | 80 | 91 | 100 | 123 | 136 | 134 | 149 | 213 |
| Total Assets | 135 | 128 | 112 | 110 | 127 | 143 | 152 | 175 | 185 | 179 | 195 | 254 |
| 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 | 6 | 15 | -3 | 10 | -1 | 2 | 3 | -9 | 3 | 12 | -3 | 1 |
| Cash from Investing Activity | 2 | 4 | 4 | -6 | -14 | -11 | -6 | -4 | -5 | -1 | -6 | 1 |
| Cash from Financing Activity | -8 | -10 | -11 | -4 | 15 | 9 | 3 | 14 | 2 | -12 | 9 | -2 |
| Net Cash Flow | 0 | 8 | -9 | -0 | 0 | 0 | -0 | 0 | 0 | -0 | -0 | -0 |
| Free Cash Flow | 3 | 11 | -10 | 4 | -15 | -9 | -3 | -14 | -2 | 11 | -9 | 2 |
| CFO/OP | 59% | 206% | -34% | 134% | -6% | 24% | 29% | -69% | 24% | 92% | -18% | -57% |
| 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 | 71 | 70 | 75 | 60 | 44 | 56 | 66 | 52 | 60 | 43 | 72 | 86 |
| Inventory Days | 34 | 34 | 63 | 39 | 14 | 15 | 23 | 23 | 13 | 10 | 10 | 2 |
| Days Payable | 22 | 23 | 46 | 35 | 11 | 13 | 15 | 9 | 9 | 6 | 6 | 12 |
| Cash Conversion Cycle | 83 | 81 | 93 | 64 | 47 | 58 | 74 | 65 | 65 | 48 | 76 | 76 |
| Working Capital Days | 45 | 49 | 90 | 68 | 38 | 38 | 54 | 40 | 46 | 37 | 46 | 52 |
| ROCE % | 4% | 4% | 3% | 4% | 4% | 6% | 5% | 5% | 6% | 6% | 6% | -4% |
| 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 | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% | 64.01% |
| Public | 35.99% | 35.99% | 35.99% | 35.98% | 35.99% | 35.99% | 35.99% | 35.98% | 35.99% | 36.01% | 35.99% | 35.98% |
| No. of Shareholders | 8,115 | 8,249 | 8,285 | 8,299 | 8,678 | 9,392 | 9,250 | 9,106 | 8,967 | 8,871 | 9,106 | 8,932 |
Fundamentals
Market Cap₹ 24.5 Cr.
Current Price₹ 15.0
Book Value₹ 52.0
ROCE-3.53 %
ROE-12.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-51%
Compounded Profit Growth (TTM)-945%
Standalone figures.
Valuation
Market capRs 26 Cr
Enterprise valueRs 112 Cr
Price to book0.30x
Price to sales0.07x
EV / sales0.30x
Price to cash flow18.11x
Earnings yield-111.68%
P/E, 3-year average18.91x
P/B, 3-year average0.59x
P/E, 5-year average17.13x
P/B, 5-year average0.53x
Profitability
Operating margin (excl. other income)-0.68%
Operating margin (incl. other income)-0.32%
EBITDA margin-4.85%
Pre-tax margin-7.79%
Net profit margin-7.79%
ROE-12.70%
ROCE-3.53%
ROA-5.13%
ROE, 3-year average-2.04%
ROCE, 3-year average2.89%
ROA, 3-year average-0.60%
ROE, 5-year average0.01%
ROCE, 5-year average3.89%
ROA, 5-year average0.28%
ROIC (approx.)-12.54%
Tax rate5.95%
Other income / net worth1.55%
Growth
Sales growth (latest year)-25.73%
Profit growth (latest year)-548.25%
Sales CAGR, 3 years-8.58%
Sales CAGR, 5 years2.63%
Profit growth YoY (latest quarter)-1959.52%
Per share
EPS (TTM)Rs -17.59
EPS (latest quarter)Rs -9.57
EPS, 3-year averageRs 1.88
EPS, 5-year averageRs 1.77
Book value per shareRs 52.04
Sales per shareRs 225.76
Cash flow per shareRs 0.87
Free cash flow per shareRs 1.22
Efficiency
Asset turnover1.45x
Fixed asset turnover9.03x
Inventory turnover156.57x
Inventory days2 days
Debtor days86 days
Debtors turnover4.23x
Creditor days12 days
Cash conversion cycle76 days
Working capital days52 days
Leverage
Total debtRs 86 Cr
Cash and bankRs 0 Cr
Net debtRs 86 Cr
Debt to equity1.01x
Interest coverage-3.84x
Owners' fund to total sources33.45%
Debt to assets33.79%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years4.00x
Sales to cash flow259.58x
Statement figures
Net sales (TTM)Rs 369 Cr
Net sales (latest year)Rs 369 Cr
Operating profit excl. other income (latest year)Rs -2 Cr
Operating profit (latest quarter)Rs -13 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs -18 Cr
PBDT (TTM)Rs -24 Cr
Profit before tax (TTM)Rs -29 Cr
Tax (latest year)Rs -1 Cr
Net profit (TTM)Rs -29 Cr
Net profit (latest year)Rs -12 Cr
Net profit (latest quarter)Rs -16 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 341 Cr
Total expenditure (latest year)Rs 371 Cr
Total income (latest year)Rs 370 Cr
Share capitalRs 16 Cr
ReservesRs 69 Cr
Shareholders' fundsRs 85 Cr
Total assetsRs 254 Cr
Net blockRs 41 Cr
InvestmentsRs 0 Cr
ReceivablesRs 87 Cr
InventoryRs 2 Cr
Other liabilitiesRs 83 Cr
Shares outstanding (crore)1.63
Ownership
Promoter holding64.01% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.30 is at the 20th percentile (median 0.44).
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 | 532918 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.4% | -2.8% | +6.2 pts |
| 1 month | -4.4% | -6.8% | +2.4 pts |
| 3 months | -26.0% | -7.6% | -18.4 pts |
| 3 years | -36.4% | +14.2% | -50.6 pts |
| 5 years | -46.7% | +27.9% | -74.6 pts |
Red flags
F-score 4 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 ₹0 Cr -100.0% vs Jun 2025.
Net loss ₹16 Cr.
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 Rathi Bars Ltd?
Rathi Bars Ltd (532918) has a market capitalisation of Rs 24.5 Cr. at the 2026-10-01 close.
What were Rathi Bars Ltd's latest quarterly results?
In the Jun 2026 quarter, Rathi Bars Ltd sales was Rs 0 Cr (-100.0% vs Jun 2025) with a net loss of Rs 16 Cr.