TickerSutra

NSE: RACLGEAR · BSE: 520073 · ISIN INE704B01017

RACL Geartech Limited stock analysis

RACL Geartech Limited ranks #1485 in the TickerSutra evidence-ranked universe with a score of 53/100 and 95% data confidence. The latest captured fundamentals show ROCE of 16.6%, quarterly sales growth of 27.7% and quarterly profit growth of 5.8%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE53/100

Monitor only

#1485 of 5,430 ranked equities
Market capitalisation₹1,817.25cr
ROCE16.6%
Quarterly sales growth27.7%
Quarterly profit growth5.8%
P/E ratio38.5×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹271cr₹58cr₹24cr21.0%
2023₹358cr₹83cr₹37cr23.0%
2024₹417cr₹98cr₹40cr23.0%
2025₹417cr₹86cr₹25cr21.0%
2026₹478cr₹104cr₹47cr22.0%
TTM₹505cr₹114cr₹47cr23.0%
Debt / equity0.66×
CFO / EBITDA0.79×
Operating margin23.0%
Free cash flow₹29cr
Sales CAGR · 3Y10.1%
Profit CAGR · 3Y8.3%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts4 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Export market updatesHigh severity · 6 mentions
Constructive

Global customers increasingly prioritised supplier capabilities over cost alone, placing greater emphasis on engineering competence, manufacturing quality, traceability, localisation and long-term partnerships. For RACL, whose business has been built on precision engineering, process discipline and customer collaboration over four decades, these changing industry dynamics translated into meaningful growth opportuniti

Operating leverageHigh severity · 1 mention
Positive catalyst

Domestic sales also recorded a healthy 18.5% growth, reflecting balanced expansion across both domestic and international markets. The Company’s operating profitability strengthened significantly during the year, with EBITDA increasing by 31.3% to 126.35 crore from 96.22 crore in FY 2024–25, while the EBITDA margin improved from 22.5% to 25.26%, reflecting higher operating leverage, an improved product mix and contin

Capacity expansion plansHigh severity · 1 mention
Positive catalyst

And in coming time, we'll be able to see very positive impact on our performance of not only the Indian operations, even our Austrian operations from where we are serving our KTM as a prime customer. And I'm also glad to share with you that our businesses, whatever businesses we had invested, or capacity expansion of the new projects, everything is going as per track, as per forecast, and at most of places either it

Regulatory updatesModerate severity · 66 mentions
Constructive

The Company continues to strengthen its commitments in integrating Environmental, Social and Governance (ESG) principles into its business practices, operations and decision-making processes. The Company continued its focus on generating renewable energy in order to promote a gradual transition towards the use of clean energy sources, reducing CHG emissions and continuous improvement towards water management, reducti

Niche productsModerate severity · 1 mention
Positive catalyst

So thank you so much, sir, for the opportunity. And my first question is that, you know, sir, as you and Prabh have been repeatedly, I think over the last one, two years, been mentioning that RACL is working very hard on, you know, honing its capabilities and further improving our competencies in, you know, niche products and manufacturing on the precision machining as well as gear shafts, which is our core area. So

Regulatory approvalLow severity · 19 mentions
Watch

Independent Directors are not liable to retire by rotation. Chairman and Managing Director is appointed for a term of up to five years as approved by the Shareholders and may be reappointed based on the recommendation of the NRC and the Board. Non-Executive Directors (other than Independent Directors) are liable to retire by rotation at every Annual General Meeting in accordance with the provisions of the Act.

Institutional interestLow severity · 6 mentions
Watch

• Reporting of Internal Auditor: The Internal Auditor of the Company directly reports to the Audit Committee and Board of Directors on functional matters. DETAILS OF UTILIZATION OF FUNDS RAISED THROUGH PREFERENTIAL ALLOTMENT OR QUALIFIED INSTITUTIONAL PLACEMENTS AS SPECIFIED UNDER REGULATION 32 (7A) [PROCEEDS FROM PUBLIC ISSUE, RIGHTS ISSUE, PREFERENTIAL ISSUE, FCCB ISSUE] During the year under review, the Company ha

Raw material inflationLow severity · 1 mention
Watch

Shashank Kanodia For the full year? Shashank Kanodia OK, OK, and secondly, sir, have we done any reclassification of any line items, because you know our raw material cost was usually 30 - 33% as a percentage of sales, whereas for this quarter it has become quite low at 22-23 %, whereas other expenses have taken a higher share. Anything you have reclassified from?

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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