MarketFriction

RACL Geartech Ltd

NSE RACLGEAR · BSE 520073 · Auto Components & Equipments
₹1,538.20 -3.55%
NSE close2026-10-01
52 week range921.80 - 1,927.70
Market cap₹1,869 Cr.
P/E39.6
Price band 20% Delivery 44.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales101.56113.43113.86105.28101.51109.49101.0999.91117.28130.81129.76127.63
Expenses77.9586.2690.4783.4683.4584.6781.9881.1593.05100.60101.9695.82
Operating Profit23.6127.1723.3921.8218.0624.8219.1118.7624.2330.2127.8031.81
OPM %23.25%23.95%20.54%20.73%17.79%22.67%18.90%18.78%20.66%23.09%21.42%24.92%
Other Income1.581.931.060.524.200.264.948.055.563.205.430.19
Interest5.776.066.806.938.117.187.227.495.355.288.466.14
Depreciation5.796.106.126.987.417.667.888.078.318.488.669.20
Profit before tax13.6316.9411.538.436.7410.248.9511.2516.1319.6516.1116.66
Tax %25.17%26.74%26.97%25.74%25.96%25.10%25.47%26.31%25.48%25.39%28.06%47.36%
Net Profit10.2012.418.426.264.997.676.678.2912.0214.6611.598.77
EPS in Rs9.4611.517.815.814.637.116.197.0310.2012.449.837.44
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales117116136190212204271358417417478505
Expenses103101118158169152213276320331374391
Operating Profit15151832435258839886104114
OPM %13%13%13%17%20%25%21%23%23%21%22%23%
Other Income0110-13384102214
Interest656688122124323025
Depreciation44581116161925303435
Profit before tax669172230335154346369
Tax %35%21%9%44%22%22%27%27%26%26%26%
Net Profit458101723243740254747
EPS in Rs3.735.187.929.5015.7521.6922.2134.7436.9223.6239.5039.91
Dividend Payout %0%0%0%0%6%5%4%4%4%0%4%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%19%10%23%
Compounded Profit Growth29%14%7%71%
Stock Price CAGR50%28%12%40%
Return on Equity19%18%16%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101010101011111111111112
Reserves31353845567497121157194218340
Borrowings373054668588109165203289310233
Other Liabilities3432303645495455738693108
Total Liabilities111107131157196222271351444580632694
Fixed Assets6062647295108140178227304323342
CWIP000000142653
Investments000000000022
Other Assets51456785101114130170215269303346
Total Assets111107131157196222271351444580632694
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity410951933391160356382
Cash from Investing Activity-2-7-5-13-31-26-49-55-76-93-46-53
Cash from Financing Activity-2-3-4711-710441857-17-29
Net Cash Flow00-0-1-0-00-02-0-00
Free Cash Flow244-8-127-10-44-15-581729
CFO/OP35%83%61%33%51%65%62%31%82%51%79%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days58279810998929910486101123117
Inventory Days230219230251206222254230318354394373
Days Payable160116136158123102169119126143146159
Cash Conversion Cycle128130193202181212184215278312370331
Working Capital Days-15-12-3202938412722191166
ROCE %15%15%13%13%18%20%20%18%22%18%13%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters53.35%53.34%53.30%53.33%53.32%53.31%51.30%42.67%42.67%42.68%42.69%42.70%
FIIs0.07%0.07%0.07%0.01%0.00%0.00%0.03%8.76%8.68%8.96%9.54%9.27%
DIIs0.00%0.00%0.00%0.00%0.04%0.05%0.05%2.85%2.86%2.74%3.22%3.22%
Public46.58%46.58%46.62%46.66%46.64%46.63%48.62%45.70%45.78%45.62%44.55%44.80%
No. of Shareholders14,92416,70416,39516,59216,53515,97915,07615,26317,18517,20217,56816,693

Fundamentals

Market Cap₹ 1,869 Cr.
Current Price₹ 1,589
Stock P/E39.6
Book Value₹ 299
ROCE16.6 %
ROE16.1 %
Dividend Yield0.09 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)71%
Standalone figures.
Valuation
Market capRs 1,813 Cr
Enterprise valueRs 2,039 Cr
P/E (TTM)38.55x
Price to book5.15x
Price to sales3.59x
EV / EBITDA15.87x
EV / EBIT21.74x
EV / sales4.03x
Price to cash flow22.18x
Earnings yield2.59%
Dividend yield0.10%
P/E, 3-year average31.43x
P/B, 3-year average4.59x
P/E, 5-year average29.65x
P/B, 5-year average4.94x
Profitability
Operating margin (excl. other income)21.79%
Operating margin (incl. other income)26.44%
EBITDA margin25.41%
Pre-tax margin13.56%
Net profit margin9.31%
Net margin, latest quarter6.87%
ROE16.03%
ROCE16.53%
ROA7.03%
ROE, 3-year average16.38%
ROCE, 3-year average15.75%
ROA, 3-year average6.34%
ROE, 5-year average18.84%
ROCE, 5-year average17.30%
ROA, 5-year average7.22%
ROIC (approx.)11.98%
Tax rate26.26%
Other income / net worth6.32%
Growth
Sales growth (latest year)14.47%
Profit growth (latest year)82.80%
Sales CAGR, 3 years10.08%
Sales CAGR, 5 years18.60%
Profit CAGR, 3 years7.53%
Profit CAGR, 5 years14.77%
Sales growth QoQ-1.64%
Profit growth QoQ-24.33%
Sales growth YoY (latest quarter)27.75%
Profit growth YoY (latest quarter)5.79%
Per share
EPS (TTM)Rs 39.90
EPS (latest year)Rs 39.50
EPS (latest quarter)Rs 7.44
EPS, 3-year averageRs 33.35
EPS, 5-year averageRs 31.40
Book value per shareRs 298.71
Sales per shareRs 428.81
Cash flow per shareRs 69.36
Free cash flow per shareRs 24.60
Dividend per share (latest year)Rs 1.55
Dividend per share, 3-year averageRs 1.56
Dividend per share, 5-year averageRs 1.40
Dividends
Dividend payout3.93%
Dividend payout, 3-year average4.08%
Dividend payout, 5-year average4.25%
Efficiency
Asset turnover0.69x
Fixed asset turnover1.40x
Inventory turnover2.08x
Inventory days176 days
Debtor days117 days
Debtors turnover3.12x
Creditor days159 days
Cash conversion cycle331 days
Working capital days66 days
Leverage
Total debtRs 233 Cr
Cash and bankRs 8 Cr
Net debtRs 225 Cr
Debt to equity0.66x
Net debt / EBITDA1.75x
Interest coverage3.72x
Current ratio (filing 2026-03-31)1.38x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 59 Cr
Owners' fund to total sources50.77%
Debt to assets33.59%
Cash flow
Cash from Operating Activity (latest year)Rs 82 Cr
Cash from Investing Activity (latest year)Rs -53 Cr
Cash from Financing Activity (latest year)Rs -29 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 29 Cr
FCFE (approx.: FCF + change in debt)Rs -48 Cr
Cash from ops / profit, 5 years1.45x
Sales to cash flow5.84x
Statement figures
Net sales (TTM)Rs 505 Cr
Net sales (latest year)Rs 478 Cr
Sales (latest quarter)Rs 128 Cr
Operating profit excl. other income (latest year)Rs 104 Cr
Operating profit (latest quarter)Rs 32 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 128 Cr
PBDT (TTM)Rs 103 Cr
Profit before tax (TTM)Rs 69 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 47 Cr
Net profit (latest year)Rs 47 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 35 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 286 Cr
Total expenditure (latest year)Rs 374 Cr
Total income (latest year)Rs 500 Cr
Share capitalRs 12 Cr
ReservesRs 340 Cr
Shareholders' fundsRs 352 Cr
Total assetsRs 694 Cr
Net blockRs 342 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 2 Cr
ReceivablesRs 153 Cr
InventoryRs 138 Cr
Other liabilitiesRs 108 Cr
Shares outstanding (crore)1.18
Ownership
Promoter holding42.70% (+0.03 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.5 is at the 86th percentile of its own 9.4-year range (median 26.8, low 4.7, high 49.1).
P/B 5.15 is at the 58th percentile (median 4.70).
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.
PeriodRACLGEARNifty 50Difference
1 week-8.4%-2.8% -5.6 pts
1 month+0.0%-6.8% +6.8 pts
3 months+11.7%-7.6% +19.3 pts
6 months+27.6%+0.4% +27.2 pts
1 year+56.6%-9.9% +66.5 pts
3 years+36.2%+14.2% +22.0 pts
5 years+226.1%+27.9% +198.2 pts
1 mutual fund schemes hold about ₹13 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
WOC Special Opp Fund0.67%13 -13%

Red flags

F-score 7 of 8
No 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 2026
Sales ₹128 Cr +27.7% vs Jun 2025. Net profit ₹9 Cr +5.8%.
Against our estimate for Jun 2026: sales +3.1%, profit -26.1% miss. Our estimate for Sep 2026: sales Rs 150 Cr, profit Rs 14 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-02-20Interim Dividend - Rs 1.50 Per Share
DateTypeWhat it says
2026-09-18General UpdatesGeneral Updates
2026-09-18General UpdatesGeneral Updates
2026-09-16Volume querySignificant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-09-15Shareholder meetingVoting results.
2026-09-14Shareholder meetingProceedings of Annual General Meeting held on September 14, 2026
2026-09-11Volume querySignificant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-09-01Concall / analyst meetTranscript
2026-08-26Volume querySignificant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-08-25Concall / analyst meetLink of Recording and Outcome
2026-08-25Investor PresentationInvestor Presentation
2026-08-21Shareholder meetingNotice of Annual General Meeting to be held on September 14, 2026
2026-08-19Concall / analyst meetSchedule of meet
2026-08-19Volume querySignificant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-08-07UpdatesFinancial Presentation.
2026-08-07AppointmentAppointment of Mr Gursharan Singh as Chairman & Managing Director of the company w.e.f. August 23, 2027.
2026-08-07Board meeting outcomeRACL Geartech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-26UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Recognition as Best Organization to ...
2026-06-17Concall / analyst meetTranscript
2026-06-16General UpdatesGeneral Updates
2026-06-15Disclosure under SEBI TakeovRACL Geartech Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-06-12Concall / analyst meetLink of Recording
2026-06-12Investor PresentationInvestor Presentation
2026-06-08Concall / analyst meetSchedule of meet
2026-05-27UpdatesIntimation of Achievement of Historic Consolidated Revenue Milestone.
2026-05-26UpdatesPresentation on Financial Results .
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 RACL Geartech Ltd?

RACL Geartech Ltd (RACLGEAR) has a market capitalisation of Rs 1,869 Cr. at the 2026-10-01 close.

What is the P/E ratio of RACL Geartech Ltd?

RACL Geartech Ltd trades at a P/E of 39.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were RACL Geartech Ltd's latest quarterly results?

In the Jun 2026 quarter, RACL Geartech Ltd sales was Rs 128 Cr (+27.7% vs Jun 2025) and net profit was Rs 9 Cr.

What is the 52-week high and low of RACL Geartech Ltd?

The 52-week high is Rs 1,927.70 and the 52-week low is Rs 921.80.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03