MarketFriction

Royal Arc Electrodes Ltd

NSE ROYALARC · Electrodes & Refractories
₹152.00 -9.52%
NSE close2026-10-01
52 week range126.50 - 197.00
Market cap₹166 Cr.
P/E16.6
IPO 2025 · +27% since Price band 20% Delivery 100.0%

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 2024Mar 2025Sep 2025Mar 2026
Sales46565363
Expenses40464655
Operating Profit51079
OPM %12%17%13%14%
Other Income0-011
Interest0000
Depreciation1222
Profit before tax4868
Tax %27%24%25%27%
Net Profit3646
EPS in Rs3.385.293.885.16
Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales656464436397100102116
Expenses5958614059828387101
Operating Profit6633415171515
OPM %9%9%5%7%6%15%17%15%13%
Other Income001221102
Interest331111000
Depreciation222222234
Profit before tax2222313161214
Tax %37%34%23%27%25%27%26%25%26%
Net Profit111221012910
EPS in Rs5.336.486.548.6311.6552.5813.048.129.05
Dividend Payout %0%0%0%0%0%0%0%0%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%22%6%14%
Compounded Profit Growth24%43%1%9%
Stock Price CAGR%%%-12%
Return on Equity%20%18%13%
Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital22222291111
Reserves91115171929336170
Borrowings282412881010
Other Liabilities13121012141210810
Total Liabilities524839394244528191
Fixed Assets211815161514182125
CWIP100000125
Investments000001102
Other Assets303025242829335759
Total Assets524839394244528191
Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7367213648
Cash from Investing Activity-821-3-1-2-6-7-11
Cash from Financing Activity-1-5-8-5-2-7-221-1
Net Cash Flow-20-2-0-03-218-5
Free Cash Flow-12651111-4-4
CFO/OP132%51%176%252%77%88%56%49%73%
Mar 2015Mar 2016Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days566161907662757581
Inventory Days104104831028433507557
Days Payable76695595794230257
Cash Conversion Cycle83969097815396125132
Working Capital Days961034067515282106112
ROCE %12%12%14%46%44%22%18%
Mar 2025Sep 2025Mar 2026
Promoters72.96%72.96%72.96%
FIIs7.14%5.24%5.57%
DIIs0.19%0.00%0.00%
Public19.71%21.79%21.47%
No. of Shareholders488397375

Fundamentals

Market Cap₹ 166 Cr.
Current Price₹ 150
Stock P/E16.6
Book Value₹ 73.2
ROCE18.0 %
ROE13.1 %
Dividend Yield0.67 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)9%
Standalone figures.
Valuation
Market capRs 169 Cr
Enterprise valueRs 150 Cr
P/E (TTM)18.73x
Price to book2.35x
Price to sales1.66x
EV / EBITDA9.88x
EV / EBIT12.25x
EV / sales1.48x
Price to cash flow40.66x
Earnings yield5.34%
P/E, 3-year average18.62x
P/B, 3-year average2.34x
P/E, 5-year average18.62x
P/B, 5-year average2.34x
Profitability
Operating margin (excl. other income)14.87%
Operating margin (incl. other income)14.95%
EBITDA margin14.95%
Pre-tax margin11.83%
Net profit margin8.85%
ROE15.79%
ROCE21.30%
ROA13.54%
ROE, 3-year average28.87%
ROCE, 3-year average36.93%
ROA, 3-year average20.32%
ROE, 5-year average21.20%
ROCE, 5-year average27.19%
ROA, 5-year average14.03%
ROIC (approx.)17.22%
Tax rate25.17%
Other income / net worth0.11%
Growth
Sales growth (latest year)1.66%
Profit growth (latest year)-25.72%
Sales CAGR, 3 years17.39%
Sales CAGR, 5 years9.59%
Profit CAGR, 3 years61.98%
Profit CAGR, 5 years49.91%
Per share
EPS (TTM)Rs 8.12
EPS (latest year)Rs 8.12
EPS, 3-year averageRs 24.58
EPS, 5-year averageRs 18.80
Book value per shareRs 64.67
Sales per shareRs 91.68
Cash flow per shareRs 3.74
Free cash flow per shareRs -3.60
Efficiency
Asset turnover1.26x
Fixed asset turnover4.80x
Inventory turnover5.15x
Inventory days71 days
Debtor days75 days
Debtors turnover4.86x
Creditor days7 days
Cash conversion cycle132 days
Working capital days112 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 19 Cr
Net debtRs -18 Cr
Debt to equity0.01x
Net debt / EBITDA-1.22x
Interest coverage55.73x
Owners' fund to total sources88.78%
Debt to assets1.00%
Cash flow
Cash from Operating Activity (latest year)Rs 4 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs 21 Cr
Net Cash Flow (latest year)Rs 18 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years0.77x
Sales to cash flow24.52x
Statement figures
Net sales (TTM)Rs 102 Cr
Net sales (latest year)Rs 102 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 15 Cr
PBDT (TTM)Rs 15 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 9 Cr
Net profit (latest year)Rs 9 Cr
Depreciation (TTM)Rs 3 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 74 Cr
Total expenditure (latest year)Rs 87 Cr
Total income (latest year)Rs 102 Cr
Share capitalRs 11 Cr
ReservesRs 61 Cr
Shareholders' fundsRs 72 Cr
Total assetsRs 81 Cr
Net blockRs 21 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 0 Cr
ReceivablesRs 21 Cr
InventoryRs 14 Cr
Other liabilitiesRs 8 Cr
Shares outstanding (crore)1.11
Ownership
Promoter holding72.96%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodROYALARCNifty 50Difference
1 week+0.0%-2.8% +2.8 pts
1 month-15.6%-6.8% -8.8 pts
3 months+4.8%-7.6% +12.4 pts
6 months-5.6%+0.4% -6.0 pts
1 year+25.2%-9.9% +35.1 pts

Red flags

F-score 2 of 8
explainShare dilution Share count up 19% in a year, 517% in three
explainDebt up, profit down Borrowings up 305% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 58% vs sales +2% in 2026
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

No quarterly results published.

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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Royal Arc Electrodes Ltd?

Royal Arc Electrodes Ltd (ROYALARC) has a market capitalisation of Rs 166 Cr. at the 2026-10-01 close.

What is the P/E ratio of Royal Arc Electrodes Ltd?

Royal Arc Electrodes Ltd trades at a P/E of 16.6 on trailing twelve-month profit, at the 2026-10-01 close.

What is the 52-week high and low of Royal Arc Electrodes Ltd?

The 52-week high is Rs 197.00 and the 52-week low is Rs 126.50.

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