---
title: "Ravelcare Ltd (544629) — Share Price, Financials & Analysis"
symbol: "544629"
company: "Ravelcare Ltd"
canonical: "https://tapetide.com/stocks/544629"
isin: "INE0W4D01018"
nse_symbol: "RAVELCARELTD"
bse_code: "544629"
sector: "FMCG"
industry: "FMCG Products"
market_cap_cr: 72.2
generated_at: "2026-09-13T18:36:55.495Z"
---

# Ravelcare Ltd (544629)

Canonical page: https://tapetide.com/stocks/544629

## Company

- **NSE Symbol:** RAVELCARELTD
- **BSE Code:** 544629
- **ISIN:** INE0W4D01018
- **Sector:** FMCG
- **Industry:** FMCG Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-08
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ravelcare.com

## About

Incorporated in November 2018, Ravelcare Ltd. is a digital-first beauty and personal care (BPC) brand offering a comprehensive range of products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:54:26.633548Z.

- **Market Cap:** ₹72.2 Cr
- **Classification:** SME
- **P/E (reported):** 14
- **Book Value:** ₹54.54
- **Price to Book:** 1.93
- **Dividend Yield:** 0%
- **ROE:** 50.73%
- **ROCE:** 67.74%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹26.95 Cr
- **Net Income:** ₹5.16 Cr
- **EBITDA:** ₹7.06 Cr
- **52-Week High:** ₹215
- **52-Week Low:** ₹100
- **RSI (14):** 40.7

## Key Insights

### Strengths

- Company is almost debt free.
- Company has delivered good profit growth of 119% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 45.1 to 96.3 days.
- Working capital days have increased from 45.6 days to 119 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -108.47% | -155% | 98.28% |
| ebitda margin growth | -7.41% | -15.69% | -194.74% |
| net income growth | -0.77% | 111% | 119% |
| revenue growth | 6.52% | 98% | 102.07% |
| roce | -47.72% | -78.37% | 130.98% |
| roe | -47.65% | 164.62% | -43.56% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 14.58 | 12.56 |
| Expenses | 13.3 | 9.84 |
| Operating Profit | 1.28 | 2.72 |
| OPM % | 8.78 | 21.66 |
| Other Income | 0.27 | 0.04 |
| Interest | 0 | 0 |
| Depreciation | 0.05 | 0.03 |
| Profit before tax | 1.5 | 2.73 |
| Tax % | 0.67 | 28.57 |
| Net Profit | 1.5 | 1.95 |
| EPS in Rs | 3 | 2.84 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | — | 0.79 | 3.48 | 22.06 | 24.98 | 26.95 |
| Expenses | — | 1 | 2.97 | 15.35 | 18.16 | 19.88 |
| Operating Profit | — | -0.21 | 0.51 | 6.71 | 6.82 | 7.07 |
| OPM % | — | -26.58 | 14.66 | 30.42 | 27.3 | 26.23 |
| Other Income | — | 0 | 0 | 0.19 | 0.32 | 0.09 |
| Interest | 0 | 0.01 | 0 | 0.07 | 0.01 | 0.02 |
| Depreciation | 0 | 0 | 0 | 0.02 | 0.1 | 0.07 |
| Profit before tax | -0.11 | -0.22 | 0.51 | 6.81 | 7.03 | 7.07 |
| Tax % | 0 | 0 | -11.76 | 25.11 | 27.74 | 27.02 |
| Net Profit | -0.11 | -0.23 | 0.56 | 5.1 | 5.09 | 5.15 |
| EPS in Rs | -220 | -460 | 1120 | 10200 | 10.17 | 7.51 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 5.01 | 6.86 |
| Reserves | -0.12 | -0.35 | 0.16 | 5.25 | 5.34 | 30.55 |
| Borrowings | 0.12 | 0.42 | 0.41 | 0.04 | 0 | 0 |
| Other Liabilities | 0 | -0.01 | 1.17 | 4.18 | 1.28 | 2.92 |
| Total Liabilities | 0.01 | 0.07 | 1.75 | 9.48 | 11.63 | 40.33 |
| Fixed Assets | 0 | 0 | 0.01 | 0.22 | 0.16 | 0.11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2.48 |
| Investments | 0 | 0 | 0 | 0.79 | 3.07 | 4.51 |
| Other Assets | 0.01 | 0.07 | 1.74 | 8.47 | 8.4 | 33.23 |
| Total Assets | 0.01 | 0.07 | 1.75 | 9.48 | 11.63 | 40.33 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -0.41 | 1 | 6.49 | -3.18 | -17.47 |
| Cash from Investing Activity | — | 0 | -0.01 | -6.92 | 3.81 | -4.12 |
| Cash from Financing Activity | — | 0.41 | -0.01 | -0.44 | -0.04 | 21.91 |
| Net Cash Flow | — | 0 | 0.98 | -0.87 | 0.59 | 0.32 |
| Free Cash Flow | — | -0.41 | 0.99 | 6.26 | -3.22 | -19.97 |
| CFO/OP | — | 195 | 196 | 122 | -22 | -231 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 0 | 0 | 2.81 | 36.24 | 96.29 |
| Inventory Days | — | 0 | 307.37 | 24.18 | 103.98 | 90.21 |
| Days Payable | — | — | 148.88 | 72.55 | 21.22 | 71.81 |
| Cash Conversion Cycle | — | 0 | 158.49 | -45.55 | 119 | 114.69 |
| Working Capital Days | — | -166.33 | -87.05 | -31.93 | 49.83 | 118.78 |
| ROCE % | — | -466.67 | 154.55 | 234.01 | 89.33 | 30.49 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 72.94% | 72.94% |
| FIIs | 3.54% | 2.57% |
| DIIs | 8.13% | 6.28% |
| Government | 0.34% | 0% |
| Public | 11.75% | 16.05% |
| Others | 3.3% | 2.16% |
| No. of Shareholders | 7 | 363 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 0 / 9 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 109.9 | Sell |
| EMA (10) | 109.21 | Sell |
| SMA (20) | 111.29 | Sell |
| EMA (20) | 111.22 | Sell |
| SMA (50) | 114.37 | Sell |
| EMA (50) | 118.21 | Sell |
| SMA (100) | 137.86 | Sell |
| EMA (100) | 129.53 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.7 | Neutral |
| MACD (12,26,9) | -2.69 | Sell |
| Stochastic (14,3,3) | 34.25 | Neutral |
| ADX (14) | 12.13 | Neutral |
| Williams %R (14) | -73.68 | Neutral |
| ATR (14) | 4.87 | High Volatility |
| ROC (12) | -7.27 | Sell |
| Stoch RSI (14) | 34.83 | Neutral |
| UO (7,14,28) | 30.41 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7aa40765-3204-4102-bad0-b720e49aea5c.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9442fa14-3c65-456d-b766-ee7c24fed5d2.pdf) |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07ad7a21-ad4e-4e35-8f50-eb651db55a9c.pdf) |
| 2026-08-25 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b5108ec4-443a-4b63-8653-7cfd75f52a8e.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c666ebb0-7ab4-4f46-91cb-7c0fbaa99987.pdf) |
| 2026-08-25 | [Appointment Of Secretarial Auditor](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a04983f7-0bfc-4620-a57b-cc355f5548fa.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89f95a07-3664-43ea-9161-304fdaf0e1e1.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9ac4616a-ec04-412c-ada7-8dee68072330.pdf) |
| 2026-05-30 | [Disclosure Under Regulation 32(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=589ea9ea-84cd-4936-a042-f3b1bd207c71.pdf) |
| 2026-05-25 | [Board Meeting Intimation for Audited Financial Results Of The Company For The Half Year And Financial Year Ended On March 31 2026 Along With The Audit Report For The Corresponding Period](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c158637-834a-41be-b5ec-70906a6ad3b9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c9824f2-ff4b-4129-aefc-8094775e027c.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Certificate under Regulation 74(5) submitted for quarter ended December 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 8 Jan - Certificate under Regulation 74(5) submitted for quarter ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8f3f06d-a9aa-423a-bf98-9277572bc99c.pdf) |
| 6 Mar - Company Secretary Ms. Esha Srivastava resigned, effective March 6, 2026; relieved same day. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 6 Mar - Company Secretary Ms. Esha Srivastava resigned, effective March 6, 2026; relieved same day.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8e8ace55-4614-45ae-8ec9-7d2ac4fc561e.pdf) |
| 28 February 2026 - Approved migration to NSE mainboard and direct BSE listing; resolutions passed February 26, 2026. | [Shareholders meeting 28 February 2026 - Approved migration to NSE mainboard and direct BSE listing; resolutions passed February 26, 2026.](https://nsearchives.nseindia.com/corporate/SHERA_28022026111904_Result_postalballot.pdf) |
| 23 February 2026 - Q3/9m FY26: revenue INR1,182cr, EBITDA INR66cr, net INR25cr; Zambia Phase1 1,200t, INR300–500cr capex, production imminent. | [Analysts/Institutional Investor Meet/Con. Call Updates 23 February 2026 - Q3/9m FY26: revenue INR1,182cr, EBITDA INR66cr, net INR25cr; Zambia Phase1 1,200t, INR300–500cr capex, production imminent.](https://nsearchives.nseindia.com/corporate/SHERA_23022026151608_Transcript.pdf) |
| 21 Mar - Ravelcare Ltd: Trading window closed Apr 1, 2026 until 48 hours after audited results for half/year ended Mar 31, 2026. | [Closure of Trading Window 21 Mar - Ravelcare Ltd: Trading window closed Apr 1, 2026 until 48 hours after audited results for half/year ended Mar 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d49a5db-4be2-4f85-bc3c-91d9d919e7d1.pdf) |
| 21 February 2026 - Audio recording of Feb 20, 2026 earnings call for period ended Dec 31, 2025 available on company website. | [Analysts/Institutional Investor Meet/Con. Call Updates 21 February 2026 - Audio recording of Feb 20, 2026 earnings call for period ended Dec 31, 2025 available on company website.](https://nsearchives.nseindia.com/corporate/SHERA_21022026113759_Disclosure_audio-recording.pdf) |
| 17 Mar - Appointed Alpesh Rajesh Bhatt as Company Secretary & Compliance Officer effective March 17, 2026. | [Board Meeting Outcome for Outcome Of Board Meeting 17 Mar - Appointed Alpesh Rajesh Bhatt as Company Secretary & Compliance Officer effective March 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2d17b7d-3f0d-4e4e-8632-aa7165d4b407.pdf) |
| 17 Mar - Appointed Alpesh Rajesh Bhatt as Company Secretary & Compliance Officer effective March 17, 2026. | [Appointment of Company Secretary and Compliance Officer 17 Mar - Appointed Alpesh Rajesh Bhatt as Company Secretary & Compliance Officer effective March 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60aba190-2db7-448f-82c0-c393869fdb21.pdf) |
| 17 February 2026 - Approved unaudited standalone and consolidated Q3 results for Dec 31, 2025; limited review attached. | [General Updates 17 February 2026 - Approved unaudited standalone and consolidated Q3 results for Dec 31, 2025; limited review attached.](https://nsearchives.nseindia.com/corporate/SHERA_17022026122154_Financial_Results_for_period_ended_31122025MRF.pdf) |
| 16 February 2026 - Investor presentation for 9M FY26: Total income ₹1,181.86 Cr, EBITDA ₹66.33 Cr; Zambia subsidiary, ₹5 Cr initial orders. | [Investor Presentation 16 February 2026 - Investor presentation for 9M FY26: Total income ₹1,181.86 Cr, EBITDA ₹66.33 Cr; Zambia subsidiary, ₹5 Cr initial orders.](https://nsearchives.nseindia.com/corporate/SHERA_16022026160448_Investor_presesntation_31122025.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHERA_13112025155620_Transcript.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/SHERA_09112024105558_Transcript.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://nsearchives.nseindia.com/corporate/SHERA_09112023161630_Transcript.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/SHERA_10052024142104_Transcript.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/SHERA_02062025153838_Transcript.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/SHERA_09022025224045_Transcript.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/SHERA_02022024143307_transcript.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/SHERA_13082025105935_Transcript08082025.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://nsearchives.nseindia.com/corporate/SHERA_09082024155652_TranscriptSheraEnergy.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://archives.nseindia.com/corporate/SHERA_23082023122715_Update.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27810_SHERA_2024_2025_A_23074140_28082025161219.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25208_SHERA_2023_2024_28082024111956.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23085_SHERA_2022_2023_30082023124202_08302023130000.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:55.495Z.