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Rasi Electrodes

531233 BSE
₹12.99

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P/E
11.30
View as Markdown
MCP
Close 4 Nov 2026 ₹12.99 −4.38 −25.2% 1Y
Start ₹17.37

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
11.80%
Debt to Equity
0.00
EPS (TTM)
₹1.15
Book Value
₹12.48
Market Cap
—
P/E (TTM)
11.30
P/B
1.04
ROE
8.17%
Dividend Yield
1.57%
EBITDA
₹5.40 Cr
52W High
₹18.80
52W Low
₹9.27

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

62 Good

Data confidence 98/100

Category scores

Quality
68
Strong
Returns, margins, earnings quality 22% weight
Valuation
77
Strong
Cheap vs sector & own history 24% weight
Growth
20
Poor
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
58
Good
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value

Weaknesses

3
  • Promoter holding is low: 28.0%
  • Company has a low return on equity of 8.63% over last 3 years.
  • Earnings include an other income of Rs.1.72 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish577
OscillatorsBearish270
Moving AveragesStrong Bullish307

Key readings

RSI (14)
51.26
Neutral
MACD (12,26,9)
−0.14
Bearish
SMA (50)
13.01
Bearish
SMA (200)
12.99
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.05%
5Y+12.79%
3Y−6.29%
1Y−11.57%
TTM−11.78%

Net profit

Net profit growth by window
10Y+13.30%
5Y+20.95%
3Y+5.36%
1Y+28.47%
TTM+23.79%

Operating cash flow

Operating cash flow growth by window
10Y+78.12%
5YTurned positive
3Y−5.00%
1Y+40.70%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−4.45 pp
5Y−0.74 pp
3Y+0.60 pp
1Y+0.41 pp
TTM+0.57 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹26.84 Cr
Mar 2018₹34.24 Cr
Mar 2019₹47.43 Cr
Mar 2020₹45.96 Cr
Mar 2021₹39.45 Cr
Mar 2022₹68.38 Cr
Mar 2023₹87.53 Cr
Mar 2024₹83.83 Cr
Mar 2025₹81.44 Cr
Mar 2026₹72.02 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.85 Cr
Mar 2018₹0.85 Cr
Mar 2019₹1.02 Cr
Mar 2020₹0.51 Cr
Mar 2021₹1.36 Cr
Mar 2022₹2.05 Cr
Mar 2023₹3.01 Cr
Mar 2024₹3.20 Cr
Mar 2025₹2.74 Cr
Mar 2026₹3.52 Cr

Quarterly Results

₹ Cr
531233 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
18.8
21.55
20.75
22.74
21.25
20.63
19.33
20.23
19.42
16.78
17.25
18.56
17.64
Expenses
18.13
20.2
19.83
21.62
19.93
19.39
19
19.42
17.97
16.01
16.2
18.21
16.03
Operating Profit
0.67
1.35
0.92
1.12
1.32
1.24
0.33
0.81
1.45
0.77
1.05
0.35
1.61
OPM %
3.56%
6.26%
4.43%
4.93%
6.21%
6.01%
1.71%
4%
7.47%
4.59%
6.09%
1.89%
9.13%
Other Income
0.27
0.06
0.28
0.44
0.07
0.29
0.25
0.26
0.37
0.49
0.15
0.78
0.3
Interest
0.07
0.01
0.06
0.03
0.04
0.02
0.04
0.03
0.01
0
0
0.03
0
Depreciation
0.15
0.15
0.15
0.33
0.2
0.2
0.2
0.08
0.2
0.2
0.2
−0.02
0.2
PBT
0.72
1.25
0.99
1.2
1.15
1.31
0.34
0.96
1.61
1.06
1
1.12
1.71
Tax %
22.22%
24.8%
25.25%
19.17%
5.22%
38.17%
47.06%
31.25%
21.74%
27.36%
26%
33.04%
22.22%
Net Profit
0.56
0.93
0.74
0.97
1.09
0.8
0.17
0.67
1.26
0.76
0.74
0.76
1.33
EPS (₹)
0.18
0.3
0.24
0.31
0.35
0.26
0.05
0.22
0.4
0.24
0.24
0.24
0.43

Profit & Loss

₹ Cr
531233 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
23.29
23.08
26.84
34.24
47.43
45.96
39.45
68.38
87.53
83.83
81.44
72.02
70.23
Expenses
21.31
20.89
24.68
32.63
44.7
44.55
37.17
65.63
83.64
79.76
77.67
68.39
66.45
Operating Profit
1.98
2.19
2.16
1.61
2.73
1.41
2.28
2.75
3.89
4.07
3.77
3.63
3.78
OPM %
8.5%
9.49%
8.05%
4.7%
5.76%
3.07%
5.78%
4.02%
4.44%
4.86%
4.63%
5.04%
5.38%
Other Income
0.55
0.69
0.57
0.62
0.54
0.71
0.85
1.17
1.42
1.05
0.81
1.79
1.72
Interest
0.44
0.38
0.49
0.71
0.68
0.46
0.37
0.46
0.46
0.18
0.14
0.05
0.03
Depreciation
0.6
0.8
0.82
0.68
0.82
0.88
0.75
0.68
0.68
0.78
0.68
0.58
0.58
PBT
1.49
1.7
1.42
0.84
1.77
0.78
2.01
2.78
4.17
4.16
3.76
4.79
4.89
Tax %
36.91%
40.59%
40.14%
−1.19%
42.37%
34.62%
32.84%
26.62%
28.06%
22.84%
27.39%
26.51%
—
Net Profit
0.94
1.01
0.85
0.85
1.02
0.51
1.36
2.05
3.01
3.2
2.74
3.52
3.59
EPS (₹)
0.31
0.32
0.27
0.27
0.33
0.16
0.44
0.66
0.97
1.03
0.88
1.13
1.15
Div. Payout %
32.77%
30.84%
36.65%
0%
0%
0%
0%
0%
0%
0%
0%
17.7%
—

Balance Sheet

₹ Cr
531233 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6.16
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
Reserves
13.58
14.44
14.8
15.61
16.58
17.05
18.24
20.21
23.2
26.36
29.04
32.63
Borrowings
3.17
5.34
4.47
5.47
5.66
2.46
5.47
9.56
3.18
1.3
1.04
0.1
Other Liabilities
2.36
1.75
1.91
2.15
2.47
2.83
2.72
2.29
2.02
3.42
2.82
2.24
Total Liabilities
25.27
27.76
27.41
29.46
30.94
28.57
32.66
38.29
34.63
37.31
39.13
41.2
Fixed Assets
6.29
6.5
5.99
5.85
6.87
7.12
6.47
6.29
6.74
6.88
6.48
5.97
CWIP
0.13
0
0.04
0
0
0.04
0
0.01
0
0
0
0.33
Investments
0.02
0.79
0.76
0.47
0.44
0.21
0.32
0.54
0.51
0.75
2.09
2.35
Other Assets
18.83
20.47
20.62
23.14
23.63
21.2
25.87
31.45
27.38
29.68
30.56
32.55
Total Assets
25.27
27.76
27.41
29.46
30.94
28.57
32.66
38.29
34.63
37.31
39.13
41.2

Cash Flow

₹ Cr
531233 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−3.25
0.02
−0.5
−0.25
1.54
4.38
−2.42
−3.9
7.5
4.4
4.57
6.43
Investing
−2.83
−1.34
−0.36
0.2
−1.43
−0.81
0.39
−0.34
−0.85
−0.58
−1.1
0.45
Financing
5.98
1.63
−1.38
0.29
−0.49
−3.66
2.63
3.63
−6.84
−2.06
−0.4
−0.99
Net Cash Flow
−0.09
0.31
−2.24
0.25
−0.38
−0.09
0.6
−0.61
−0.18
1.76
3.07
5.89
Free Cash Flow
−6.59
−1
−0.85
−0.74
−0.3
3.22
−2.42
−4.42
6.38
3.54
4.23
6.04
CFO/OP
−164
16
1
4
80
330
−86
−116
222
136
149
212

Ratios

531233 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
98.42
98.68
109
101
79.96
80.21
110
81.19
60.42
62.87
63.46
57.72
Inventory Days
83.3
110
104
76.68
64.62
69.48
103
74.58
48.16
42.01
43.11
43.67
Days Payable
16.11
3.83
8.8
12.71
13.05
14.11
8.65
0.9
0.1
5.39
2.27
1.2
Cash Conversion Cycle
166
204
204
165
132
136
205
155
108
99.49
104
100
Working Capital Days
170
170
191
157
118
126
161
107
95.12
103
100
101
ROCE %
9.61%
8.54%
7.42%
5.19%
9%
4.65%
8.19%
9.58%
13.5%
12.84%
10.85%
11.82%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Rasi Electrodes insights

60 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 56.16%
  • Promoters 27.96%
  • Others 15.88%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Rasi Electrodes

What does Rasi Electrodes Ltd do?
Incorporated in 1995, Rasi Electrodes Ltd is a manufacturer of Mild Steel Electrodes and Copper Coated Welding wires
Where is Rasi Electrodes Ltd (RASIELEC) listed?
Rasi Electrodes Ltd trades under code 531233 on the BSE.
Which sector does Rasi Electrodes Ltd belong to?
Rasi Electrodes Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of Rasi Electrodes Ltd?
Rasi Electrodes Ltd trades at a PE ratio of 11.30 as of 4 Nov 2026, on earnings per share of ₹1.15, against a book value of ₹12.48 per share.
What is the 52-week high and low of Rasi Electrodes Ltd?
Over the last 52 weeks Rasi Electrodes Ltd has traded between ₹9.27 and ₹18.8 as of 4 Nov 2026.
Does Rasi Electrodes Ltd pay dividends?
Rasi Electrodes Ltd has a dividend yield of 1.57%.
What is the Return on Equity (ROE) of Rasi Electrodes Ltd?
Rasi Electrodes Ltd reported a return on equity of 8.17%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1995, Rasi Electrodes Ltd is a manufacturer of Mild Steel Electrodes and Copper Coated Welding wires

Website rasielectrodes.com
Face Value ₹2

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