NSE: RPEL · BSE: 539837 · ISIN INE912T01018
Raghav Productivity Enhancers Limited stock analysis
Raghav Productivity Enhancers Limited ranks #70 in the TickerSutra evidence-ranked universe with a score of 74/100 and 87% data confidence. The latest captured fundamentals show ROCE of 30.3%, quarterly sales growth of 48.7% and quarterly profit growth of 67.5%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 30.3%
- Low debt/equity of 0.02×
- 23.3% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹100cr | ₹25cr | ₹18cr | 25.0% |
| 2023 | ₹137cr | ₹36cr | ₹25cr | 26.0% |
| 2024 | ₹133cr | ₹40cr | ₹26cr | 30.0% |
| 2025 | ₹200cr | ₹54cr | ₹37cr | 27.0% |
| 2026 | ₹257cr | ₹75cr | ₹55cr | 29.0% |
| TTM | ₹286cr | ₹85cr | ₹63cr | 30.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Raghav Productivity Enhancers Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineRaghav Productivity Enhancers Ltd - 539837 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 27 Sept 2026Please find attached letter for the same
RoutineAcquisition (including agreement to acquire)-XBRLNSE · 26 Sept 2026 · Structured filingRAGHAV PRODUCTIVITY ENHANCERS LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire)
RAGHAV PRODUCTIVITY ENHANCERS LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire)
Open original XBRL sourcePlease find attached letter regarding this
RoutineGeneral UpdatesNSE · 14 Sept 2026Raghav Productivity Enhancers Limited has informed the Exchange about Grant of Patent
MANAGEMENT COMMENTARY
Signals from filed documents
Visionary Management Team • Technical partnership with leading technology consulting and R&D firm - JWK AB Sweden Long standing collaboration with IIT Bombay. Robust Market Share and Growth • Rapid increase in market share, driven by high product quality and its non-linear cost & productivity benefits for steel, foundry and casting plants. Infrastructure Excellence • Established world’s first fully automated manufact
Crude steel production through the induction furnace route stood at 47.0 MT during 9M FY26, accounting for nearly 38% of total crude steel production. Induction furnace-based steelmakers continued to drive capacity expansion in FY26, with IF capacity rising by 16% Y-o-Y to around 91 MT , reflecting construction-linked long steel production, supported by relatively lower capital requirements and strong regional demand
We registered an 29% volume growth over the period, a strong testament to our resilience and balanced focus on strengthening local roots while steadily extending our international presence. In FY26, our export growth remained largely on track, despite a marginal impact seen during March owing to war related disruption. Operating in an industry largely dominated by local suppliers, RPEL has broken geographical barrier
FY26 Key Developments In FY26, RPEL continued its growth momentum backed by strong operational performance. Our per MT KPIs continued to improve, supported by higher realisations, optimised capacity utilisation and operating leverage. With capacity utilisation reaching optimum levels in March 2026, the Board approved a 30% increase in Group capacity from 414K MTPA to 534K MTPA.
Amidst this, India stood strong, with robust domestic demand, increasing industrial activities and favourable government measures, strengthening its position as an attractive global sourcing and manufacturing hub. With strong fundamentals, we are confident India will continue to grow strongly in the years ahead. Demonstrating resilience and operational agility with clarity of purpose, we sustained our growth in an ev
Its export sales volumes increased by 26% year-over-year, helping the company to cushion itself against fluctuating demand in the Indian market. Raw Material Sourcing Risk The risk of poor-quality raw materials procurement impacts product quality, escalates raw material costs, affects production schedules, disrupts customer confidence and damages business reputation. RPEL procures raw materials, quartz stone of its o
India is expected to retain its position as one of the largest exporters of silica ramming mass globally during 2025-26. Demand from key export markets such as Nepal, Saudi Arabia, Ghana, Turkey and the UAE remain resilient, supported by expanding steel production in these regions and India’s cost competitiveness, consistent product quality and abundant quartzite reserves. By 2030, India’s silica ramming mass exports
TECHNOLOGY ABSORPTION “FORM B” Disclosure of Particulars With Respect to Absorption, Research and Development (R&D) · Research & Development: (a) Specific areas in which R & D is proposed to be carried out by the Company: The Research & Development (R&D) activities of the Company are primarily focused on enhancing and improving the performance and quality of its existing variants of silica ramming mass. Building on i
Negative: initial investment; Positive: long-term cost savings, ESG ratings improvement. 3 Climate Change Risk & Carbon Neutrality Transition Risk / Opportunity Increasing regulatory focus and stakeholder expectations around decarbonisation require proactive climate strategies. Development of decarbonisation roadmap, renewable integration, carbon footprint reduction initiatives, and long-term net- zero alignment.
· Remuneration to Non- Executive/ Independent Director: The Non-executive/ Independent Directors of the Company may be paid sitting fees, if any, as per the applicable Regulations and no sitting fee shall be paid to Executive Directors. The quantum of sitting fees will be determined as per the recommendation of Nomination and Remuneration Committee and approved by the Board of Directors of the Company. · Minimum Remu
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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