Raghav Productivity ENH L
NSE: RPEL · Electrodes & Refractories · sector
₹1,695.10NSE close 2026-10-26
Key numbers
Market cap₹7,784 cr
Price₹1,695.10
52w high / low₹1,944 / ₹561
P/E110.4xSector median 30.2x
P/B27.6xSector median 2.2x
Book value₹61.3
Dividend yield0.06%Sector median 1.00%
ROE28.4%Sector median 9.4%
ROCE31.4%Sector median 12.3%
OPM29.9%Sector median 10.8%
Debt / equity0.02xSector median 0.04x
EV/EBITDA82.5xSector median 20.3x
Interest cover139.1x
Current ratio5.15x
Sales growth 3y–Sector median +6.9%
Profit growth 3y–Sector median -4.2%
PEG2.00x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 10 companies in Electrodes & Refractories (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹49 cr vs borrowings ₹5 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 139.1x in the last 12 months.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Dividend paid in 1 of the last 2 financial years.
- Price ₹1,695.10 on 2026-10-26: -12.8% from the 52-week high, +202.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,818.90 · low ₹466.55
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 51 | 58 | 64 | 64 | 71 | 87 | 93 |
| EBITDA | 14 | 14 | 16 | 19 | 19 | 21 | 26 | 28 |
| OPM % | 26.1% | 28.4% | 27.2% | 29.4% | 29.6% | 30.1% | 29.6% | 30.0% |
| Other income | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 |
| Net profit | 10 | 10 | 12 | 14 | 14 | 15 | 20 | 22 |
| EPS (₹) | 2.14 | 2.21 | 2.54 | 3.02 | 3.08 | 3.30 | 4.26 | 4.71 |
| Revenue YoY | +17.2% | +39.3% | +48.7% | +46.0% | ||||
| Profit YoY | +43.9% | +49.7% | +67.6% | +56.3% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY25 | FY26 | TTM |
|---|---|---|---|
| Revenue | 200 | 257 | 315 |
| EBITDA | 54 | 75 | 94 |
| Net profit | 37 | 55 | 70 |
| EPS (₹) | 8.05 | 11.94 | 15.35 |
| Revenue growth | +28.8% | +38.2% | |
| Profit growth | +48.2% | +55.0% | |
| Dividend / share (₹) | – | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +38.2% |
| Net profit | – | – | +55.0% |
| EPS | – | – | – |
| Share price | – | +57.4% (2y) | +139.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 194 | 245 |
| Borrowings | 7 | 5 |
| Cash & equivalents | 43 | 49 |
| Total assets | 231 | 284 |
| Fixed assets | 93 | 97 |
| Capital work in progress | 2 | 4 |
| Investments | 0 | 0 |
| Receivables | 51 | 58 |
| Inventory | 35 | 57 |
| Payables | 18 | 21 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 39 | 37 |
| Cash from investing | -30 | -31 |
| Cash from financing | -5 | -7 |
| Capex | 13 | 14 |
| Free cash flow | 25 | 23 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 19.1% | 22.4% |
| ROCE % | 24.2% | 28.1% |
| Debtor days | 94 | 83 |
| Inventory days | 223 | 272 |
| Payable days | 114 | 100 |
| Cash conversion cycle (days) | 203 | 255 |
| Working capital days | 198 | 198 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.89% |
| FIIs | 0.54% |
| DIIs | 0.04% |
| Public (non-institutions) | 36.52% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.92% | 62.92% | 62.91% | 62.91% | 62.91% | 62.91% | 62.89% | 62.89% |
| Promoter group | % |
|---|---|
| Rajesh Kabra | 21.44% |
| Savita Kabra | 13.02% |
| Sanjay Kabra | 11.75% |
| Rashmi Kabra | 9.19% |
| Sanjay Kabra HUF . | 4.95% |
| Rajesh Kabra HUF . | 2.13% |
| Priyanka Biyani Rathi | 0.41% |
| Public holders above 1% | % |
|---|---|
| Utpal H Sheth | 3.62% |
| Chanakya Corporate Services Private Limited | 3.31% |
| Sanjay Katkar | 2.61% |
| Nishid Babulal Shah | 2.14% |
| Kailash Sahebrao Katkar | 1.25% |
| Anupama Kailash Katkar | 1.09% |
18,007 shareholders. Pledged: – of promoter shares.
Peers in Electrodes & Refractories
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GRAPHITE | ₹14,353 cr | 67.4x | 2.5x | 3.6% | 5.1% | 2.6% | -3.6% | 1.50% |
| VESUVIUS | ₹7,824 cr | 30.6x | 4.5x | 15.7% | 19.9% | 16.7% | – | – |
| RPEL | ₹7,784 cr | 110.4x | 27.6x | 28.4% | 31.4% | 29.9% | – | 0.06% |
| RHIM | ₹7,213 cr | – | 2.0x | -9.4% | -6.2% | -1.9% | +13.8% | 0.72% |
| HEGAM | ₹3,956 cr | 11.0x | 0.8x | 7.8% | 6.3% | 10.0% | +1.4% | 0.92% |
| IFGLEXPOR | ₹1,159 cr | 28.3x | 1.0x | 3.6% | 4.9% | 6.8% | +11.0% | 2.18% |
| FOSECOC | ₹990 cr | 38.0x | 7.1x | 17.1% | 23.6% | 19.7% | +3.6% | 1.07% |
| ORIENTCER | ₹454 cr | 17.4x | 1.5x | 8.9% | 12.1% | 11.7% | +10.1% | 0.68% |
| DENORA | ₹368 cr | 30.2x | 2.8x | 9.8% | 12.6% | 8.6% | +18.2% | – |
| PANCARBON | ₹180 cr | 9.4x | 1.0x | 10.7% | 14.6% | 30.5% | +3.0% | 3.19% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-19 | Dividend | Dividend - Re 1 Per Share |
| 2025-08-14 | Dividend | Dividend - Re 1 Per Share |
| 2024-11-29 | Bonus | Bonus 1:1 |
Documents
- Annual report FY26
- Annual report FY25
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Refractory Product manufacturing services
| Sector | Industrials |
| Industry | Electrodes & Refractories |
| Sub-industry | Electrodes & Refractories |
| Symbol | RPEL |
| BSE code | 539837 |
| ISIN | INE912T01018 |
| Face value | ₹10.0 |
| Incorporated | 2009-12-16 |
| Website | https://www.rammingmass.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.