RPELIndustrials

Raghav Productivity Enhancers Limited

Electrodes & Refractories · ISIN INE912T01018 · BSE 539837 · NSE EQ · FV ₹10
Last price
₹1,654
+6.94%today
What this company does

Raghav Productivity Enhancers Limited operates in Electrodes & Refractories, part of the Industrials sector. It booked ₹87 cr of revenue in its latest quarter (Q1 FY27) and kept 22.5% of sales as profit. It is the 3rd largest of 8 Electrodes & Refractories companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet92

How much it owes, and whether earnings cover the interest

Cash quality49

Whether reported profit actually arrives as cash

Valuation6

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 23% net margin
Sales up 49% vs last year
Profit up 68% vs last year
Promoters hold 63%
No promoter shares pledged
Strong 32% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in RPEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,654 +6.94%
latest close · 2026-09-17
52-wk low ₹1,20342 sessions so far52-wk high ₹1,944
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio97.1High
LowAverageHigh
P/B ratio31.07High
Below bookModerateHigh
EV / EBITDA71.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity32.0%Strong
WeakFairStrong ▸15%
Return on capital39.2%Strong
WeakFairStrong
Net margin22.5%Strong
ThinDecentStrong
EBITDA margin30.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover154.5×Strong
RiskyOkayStrong ▸5×
Current ratio5.64Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7,597 cr
Book value
₹53
EPS
₹4.26
latest quarter
Net debt
₹-2 cr
more cash than debt
Enterprise value
₹7,595 cr
EBITDA
₹107 cr
annualised
EBIT
₹100 cr
annualised
Operating margin
28.7%
Return on assets
27.6%
Earnings yield
1.03%
P/S
21.85
Sales / share
₹75.7
Tax rate
20.9%
Face value
₹10
Shares
4.6 cr
Working capital
₹139 cr
Current assets
₹169 cr
Current liabilities
₹30 cr
Delivery %
42.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹56₹98, midpoint ₹77

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹87 cr
Other Income₹98.3 L
Total Income₹88 cr
Cost of Materials₹21 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹45 L
Employee Benefit Expense₹3 cr
Finance Costs₹16.1 L
Depreciation & Amortisation₹2 cr
Other Expenses₹34 cr
Total Expenses₹63 cr
Profit before Tax₹25 cr
Tax Expense₹5 cr
Net Profit₹20 cr
Net margin on total income22.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹25 cr28.2%
Employee benefit expense₹3 cr3.1%
Finance costs₹16.1 L0.2%
Depreciation & amortisation₹2 cr2.1%
Other expenses₹34 cr38.2%
Tax expense₹5 cr5.9%
Profit for the period₹20 cr22.3%
Total income ₹88 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue64 cr71 cr87 cr
Total income65 cr71 cr88 cr
Expenses47 cr51 cr63 cr
Profit before tax18 cr19 cr25 cr
Tax4 cr4 cr5 cr
Net profit (owners' share)14 cr15 cr20 cr
Net margin (owners' share, on revenue)21.9%21.5%22.5%
EPS (₹)3.083.304.26
YoY (latest quarter): revenue +48.7% · net profit +67.6%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹284 cr
Shareholder equity
₹245 cr
parent shareholders
Total debt
₹5 cr
Cash
₹7 cr
Cash flow · H1 FY26
Operating
₹16 cr
Investing
₹-10 cr
Financing
₹-6 cr
Peer comparison
Electrodes & Refractories · by market value
CompanyPriceMarket capP/E
Graphite India Limited₹814₹15,875 cr23.1
Vesuvius India Limited₹400₹8,120 cr34.7
Raghav Productivity Enhancers Limitedthis company₹1,654₹7,597 cr97.1
RHI MAGNESITA INDIA LIMITED₹366₹7,557 cr29.2
HEG Limited₹226₹4,358 cr8.9
IFGL Refractories Limited₹198₹1,425 cr20.8
ORIENT CERATECH LIMITED₹46₹552 cr13.1
De Nora India Limited₹785₹417 cr16.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.06%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 19 Jun 2026
ActionDetailEx-date
Dividend₹1 / share19 Jun 2026
Dividend₹1 / share14 Aug 2025
Bonus issue1:129 Nov 2024
Dividend₹0.9 / share26 Jul 2024
Bonus issue1:18 Aug 2023
Dividend₹1 / share7 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
62.9%
FII / Foreign
0.8%
DII / Domestic
0.0%
Retail / others
36.3%
Smart-money activity
Bulk / block deals
short · NSE231 Aug 26
short · NSE15026 Aug 26
short · NSE921 Aug 26
Stake changes
SoldEstate of Late Mr. Rakesh Jhunjhunwala→ 2.81% · 2.13 L8 May 26
SoldEstate of Late Shri Rakesh Jhunjhunwala→ 2.81% · 2.13 L8 May 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 25 Aug 2025
See the official result
1
Consideration and adoption of the Audited Financial Statements (Standalone and Consolidated) of the company for the financial year ended on March 31, 2025 together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
22.38 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
Declaration of a dividend of Rs. 1.00/- per Equity Share of the face value of Rs.10/- each (10%) of the Company for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
22.38 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
Appointment of a Director in place of Mr. Sanjay Kabra (DIN:02552178) who retire by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
22.38 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s Arms and Associates LLP for continue period of five years as Secretarial Auditor of the Company
Backed by 100% of shareholders other than promotersneeded 50%
22.38 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 62.9% between them · as of 2026-06-30
RAJESH KABRA21.44%
SAVITA KABRA13.02%
SANJAY KABRA11.75%
RASHMI KABRA9.19%
SANJAY KABRA HUF .4.95%
RAJESH KABRA HUF .2.13%
PRIYANKA BIYANI RATHI0.41%
Business done with them
FY2026 · 2 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.7% of its ₹257 cr revenue.
Sanjay Kabra
Other payments to them · Remuneration and rent paid
also owns 11.75% of the company
₹90 L
company paid
Rajesh Kabra
Other payments to them · Rent paid and Remuneration
also owns 21.44% of the company
₹90 L
company paid
Rajesh Kabra
Leases As Lessor · Rent paid and Remuneration
also owns 21.44% of the company
₹2.7 L
company received
Sanjay Kabra
Leases As Lessor · Remuneration and rent paid
also owns 11.75% of the company
₹2.7 L
company received

The company also transacted with 9 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.