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Raghav Productivity Enhancers

RPEL NSE
₹1,808.80 +71.60 (+4.12%)
P/E
117.84
View as Markdown
MCP
Close 4 Nov 2026 ₹1,808.80 +904.90 +100% 1Y
Start ₹903.90

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
30.30%
Debt to Equity
0.02
EPS (TTM)
₹15.35
Book Value
₹61.32
Market Cap
—
P/E (TTM)
117.84
P/B
29.50
ROE
24.30%
Dividend Yield
0.06%
EBITDA
₹77.40 Cr
52W High
₹1,943.70
52W Low
₹561.30
Day Range
₹1,712.10 – ₹1,825.00
Volume
50,877

Peer Comparison

Industrials › Industrial Products › Electrodes & Refractories

Raghav Productivity Enhancers peer comparison
₹741.4568.02₹14,021 Cr2.420.93%3.11%4.58%₹3,029 Cr₹209 Cr
₹288.1815.49₹8,779 Cr1.991.41%7.42%8.35%₹2,639 Cr₹358 Cr
₹1,808.80117.84₹8,033 Cr29.500.06%24.30%30.30%₹315 Cr₹71 Cr
₹370.3029.37₹7,540 Cr4.300.41%15.00%21.30%₹2,134 Cr₹257 Cr
₹363.85—₹7,413 Cr2.110.70%2.83%6.46%₹4,074 Cr−₹353 Cr
₹1,336.90100.97₹2,745 Cr19.120.00%27.80%34.80%₹154 Cr₹29 Cr
₹172.5430.38₹1,228 Cr1.061.29%3.22%4.92%₹1,953 Cr₹41 Cr
Median 7 companies₹370.3049.20₹7,540 Cr2.420.70%7.42%8.35%₹2,134 Cr₹71 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

54 Average

Data confidence 100/100

surveillance:ASM1

Category scores

Quality
78
Strong
Returns, margins, earnings quality 22% weight
Valuation
20
Poor
Cheap vs sector & own history 24% weight
Growth
85
Strong
Sales & profit trajectory 9% weight
Financial Health
85
Strong
Solvency, leverage, coverage 9% weight
Momentum
97
Strong
Trend strength, vol-adjusted 12% weight
Ownership
42
Weak
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

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 42.2% CAGR over last 5 years

Weaknesses

1
  • Stock is trading at 28.0 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4510
OscillatorsBearish450
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
56.57
Neutral
MACD (12,26,9)
2.79
Bearish
SMA (50)
1,733.89
Bullish
SMA (200)
1,138.29
Bullish

As of

Growth Rate

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

Revenue

Revenue growth by window
5Y+31.64%
3Y+23.33%
1Y+28.50%
TTM+38.16%

Net profit

Net profit growth by window
5Y+43.62%
3Y+30.06%
1Y+48.65%
TTM+54.35%

Operating cash flow

Operating cash flow growth by window
5Y+27.46%
3Y+22.76%
1Y−5.13%
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y+6.10 pp
3Y+2.90 pp
1Y+2.18 pp
TTM+2.21 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹65.00 Cr
Mar 2022₹100 Cr
Mar 2023₹137 Cr
Mar 2024₹133 Cr
Mar 2025₹200 Cr
Mar 2026₹257 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹9.00 Cr
Mar 2022₹18.00 Cr
Mar 2023₹25.00 Cr
Mar 2024₹26.00 Cr
Mar 2025₹37.00 Cr
Mar 2026₹55.00 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Raghav Productivity Enhancers Ltd is a small-cap industrial products company with a market cap of ₹5,816 Cr, trading at a PE of 93.5x and 23.97x book value. The company has delivered strong profit growth of 42% CAGR over 5 years and 34% TTM sales growth, but its valuation multiples are significantly elevated relative to earnings and book value.

Bull Case 8
  • Strong 5-year compounded profit growth of 42% CAGR demonstrates consistent earnings expansion
  • TTM sales growth of 34% indicates continued revenue momentum in recent quarters
  • Company is almost debt-free, providing financial flexibility and low interest burden
  • ROE of 24% in the last year reflects efficient capital utilization and strong return generation
  • Consistent 3-year and 5-year ROE of 21% shows sustained profitability is not a one-off event
  • TTM profit growth of 55% is accelerating compared to the 3-year CAGR of 28%, suggesting improving operating leverage
  • 5-year compounded sales growth of 32% indicates a structural demand tailwind for the company's products
  • Company has actively reduced debt levels, strengthening the balance sheet for future growth investments
Bear Case 7
  • PE ratio of 93.5x is extremely elevated, implying the stock prices in many years of flawless execution
  • Dividend yield of just 0.08% offers negligible income return to shareholders at current prices
  • Stock price CAGR of 101% over 1 year has far outpaced the 55% TTM profit growth, suggesting valuation expansion rather than earnings-driven returns
  • 3-year stock CAGR of 67% significantly exceeds 3-year profit CAGR of 28%, indicating multiples have expanded substantially
  • Small market cap of ₹5,816 Cr may result in lower liquidity and higher volatility during market corrections
  • At 93.5x PE, even maintaining 42% profit growth for 3 more years would still leave the stock at roughly 33x forward earnings, still premium
  • Absence of 52-week high/low data limits ability to assess current price relative to recent trading range

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: RPEL is firing on all cylinders — strong volume growth, margin expansion, and a 68% profit jump in Q1 signal robust operational execution. The patent wins add an IP edge in quartz processing. No visible headwinds emerged in the recent news cycle. The forward outlook hinges on successful capacity ramp-up to 534,000 MTPA by Oct 2026, which if delivered should sustain the current growth trajectory.

Positives 3
  • Subsidiary wins two quartz patents Jul 25

    Raghav Productivity Solutions granted two patents for quartz processing inventions by the Patent Office of India, strengthening IP moat in industrial minerals.

  • Q1 net profit surges 68% YoY Jul 16

    Consolidated net profit rose 68% YoY to ₹195.74 crore on revenue of ₹869.13 crore (up 49% YoY), with EBITDA margin expanding to 29.61% from 27.24% and volumes growing 25% to 97,000 MT.

  • Brownfield capacity expansion on track Jul 16

    Installed capacity targeted to reach 534,000 MTPA by October 2026 via brownfield expansion, supporting continued volume growth.

Quarterly Results

₹ Cr
RPEL quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
32
32
39
45
49
55
51
58
64
64
71
87
93
Expenses
23
22
27
33
36
41
36
43
45
45
49
61
65
Operating Profit
10
10
12
12
13
14
14
16
19
19
21
26
28
OPM %
30%
31%
31%
27%
26%
26%
28%
27%
29%
30%
30%
30%
30%
Other Income
0
0
0
0
0
0
0
1
1
1
0
1
1
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
1
2
2
2
1
2
2
2
2
2
2
2
2
PBT
9
8
10
11
11
13
13
15
17
18
19
25
27
Tax %
27%
27%
23%
23%
23%
22%
23%
21%
20%
22%
22%
21%
20%
Net Profit
6
6
8
8
9
10
10
12
14
14
15
20
22
EPS (₹)
1.38
1.3
1.72
1.81
1.91
2.14
2.21
2.54
3.01
3.08
3.3
4.26
4.71

Profit & Loss

₹ Cr
RPEL profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
65
100
137
133
200
257
315
Expenses
50
75
101
93
146
182
221
Operating Profit
15
25
36
40
54
75
94
OPM %
23%
25%
26%
30%
27%
29%
30%
Other Income
0
2
0
0
1
2
3
Interest
1
0
0
1
1
1
1
Depreciation
2
2
3
5
6
7
7
PBT
12
24
34
35
48
70
89
Tax %
25%
24%
25%
25%
23%
21%
—
Net Profit
9
18
25
26
37
55
70
EPS (₹)
2.1
4.09
5.48
5.66
8.05
11.94
15.35
Div. Payout %
6%
6%
5%
8%
12%
8%
—

Balance Sheet

₹ Cr
RPEL balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
11
11
11
23
46
46
46
Reserves
54
98
122
135
148
199
236
Borrowings
0
6
10
9
7
5
5
Other Liabilities
10
18
18
19
31
34
43
Total Liabilities
75
132
161
186
231
284
329
Fixed Assets
28
27
27
88
93
98
95
CWIP
0
31
59
0
2
4
15
Investments
0
2
6
14
34
41
25
Other Assets
47
73
69
84
102
141
193
Total Assets
75
132
161
186
231
284
329

Cash Flow

₹ Cr
RPEL cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
11
9
20
21
39
37
Investing
−13
−42
−24
−15
−30
−31
Financing
8
29
3
−3
−5
−7
Net Cash Flow
7
−4
−1
2
4
−1
Free Cash Flow
9
−26
−14
12
25
23
CFO/EBITDA
92
56
77
74
86
70

Ratios

RPEL financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
103
131
98
109
94
83
Inventory Days
149
166
159
260
223
272
Days Payable
75
130
99
121
114
100
Cash Conversion Cycle
177
167
159
248
202
255
Working Capital Days
130
115
125
162
119
129
ROCE %
—
26%
26%
23%
26%
30%

Insights

Beta

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

Log in to view Raghav Productivity Enhancers insights

63 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.89%
  • Public 28.59%
  • Others 7.93%
  • FIIs 0.54%
  • DIIs 0.04%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Concall · Sep 2026
    PPT
  • Concall · Sep 2026
    PPT
  • Concall · Apr 2026
    PPT
  • Concall · Aug 2025
    PPT
  • Concall · Aug 2024
    PPT

Frequently Asked Questions about Raghav Productivity Enhancers

What does Raghav Productivity Enhancers Ltd do?
Incorporated in 2009, Raghav Productivity Enhancers Ltd manufactures ramming mass for induction furnaces and quartz powder. It sells its products under the brand name of “Raghav”.
Where is Raghav Productivity Enhancers Ltd (RPEL) listed?
Raghav Productivity Enhancers Ltd trades as RPEL on the NSE and under code 539837 on the BSE.
Which sector does Raghav Productivity Enhancers Ltd belong to?
Raghav Productivity Enhancers Ltd is classified under the Industrial Products sector, in the Electrodes & Refractories industry.
What is the PE ratio of Raghav Productivity Enhancers Ltd?
Raghav Productivity Enhancers Ltd trades at a PE ratio of 117.84 as of 4 Nov 2026, on earnings per share of ₹15.35, against a book value of ₹61.32 per share.
What is the 52-week high and low of Raghav Productivity Enhancers Ltd?
Over the last 52 weeks Raghav Productivity Enhancers Ltd has traded between ₹561.3 and ₹1,943.7 as of 4 Nov 2026.
Does Raghav Productivity Enhancers Ltd pay dividends?
Raghav Productivity Enhancers Ltd has a dividend yield of 0.06%.
What is the Return on Equity (ROE) of Raghav Productivity Enhancers Ltd?
Raghav Productivity Enhancers Ltd reported a return on equity of 24.30%. Its debt-to-equity ratio is 0.02.

Company Information

Incorporated in 2009, Raghav Productivity Enhancers Ltd manufactures ramming mass for induction furnaces and quartz powder. It sells its products under the brand name of “Raghav”.

CEO Mr. Sanjay Kabra
Employees 103
Listed 8 Aug 2024
Face Value ₹10

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