Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
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About
RACL Geartech Ltd (RACLGEAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520073 NSE: RACLGEAR Auto Ancillary | Small Cap | RACL Geartech Share Price
₹1,756.85 165.55 (10.40%)
As on 11-Sep'26 16:59
RACL Geartech Ltd (RACLGEAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 520073 NSE: RACLGEAR Auto Ancillary | Small Cap | RACL Geartech Share Price
₹1,756.85 165.55 (10.40%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹1,876 Cr.
Current Price
₹1,756.9
52-Week Low / High
₹880 / 1,682
TTM EPS
₹42.1
TTM Sales
₹522 Cr.
Book Value per Share
₹306.1
P/E Ratio
37.83
Higher than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
5.20
Higher than its 5-year historical median
Price to Sales (P/S)
3.60
Higher than its 5-year historical median
EV/EBITDA
15.87
Higher than its 5-year historical median
Dividend Yield
0.09%
Profitability Efficiency
Return on Equity (ROE)
16.93%
Outperforms industry median
Return on Capital Employed (ROCE)
17.18%
Outperforms industry median
Return on Assets (ROA)
7.25%
Operating Profit Margin
21.8%
Net Profit Margin
9.99%
Gross Profit Margin
20.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.47%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
25.84%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
105.93%
Asset Quality
Promoter Holding
42.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹349 Cr.
Equity
₹11.8 Cr.
Face Value
₹10
All Time Low / High
₹0.85 / 1682.15
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is RACL Geartech Ltd a good quality company?
RACL Geartech Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does RACL Geartech Ltd performance compare with that of its Peers?
Revenue growth of RACL Geartech Ltd vs industry peers?
RACL Geartech Ltd revenue CAGR is 18.60%, compared to the industry median CAGR of 13.71%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of RACL Geartech Ltd?
Promoters hold 42.70% of the RACL Geartech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of RACL Geartech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 49.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
RACL Geartech Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.3% | 12.9% | 17.4% | 18.7% | 19.8% | 17.8% | 21.7% | 18% | 13% | 16.8% | - |
| Value Creation Index ⓘ | 0.0 | -0.1 | 0.2 | 0.3 | 0.4 | 0.3 | 0.6 | 0.3 | -0.1 | 0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 116 | 136 | 190 | 212 | 204 | 271 | 358 | 417 | 417 | 478 | 505 |
| Sales YoY Gr. | - | 17.4% | 39.5% | 11.8% | -4.1% | 33.2% | 32.1% | 16.5% | 0% | 14.5% | - |
| Adj EPS ⓘ | 5.2 | 7.4 | 9.2 | 15.8 | 19.4 | 20.5 | 29.9 | 34.1 | 17.5 | 26.7 | 39.9 |
| YoY Gr. | - | 43.7% | 24.4% | 71.1% | 22.8% | 5.7% | 45.5% | 14.3% | -48.7% | 52.2% | - |
| BVPS (₹) ⓘ | 47.8 | 55.1 | 64.7 | 79 | 100.1 | 121.9 | 155.3 | 190 | 211.8 | 298.3 | 305.8 |
| Adj Net Profit ⓘ | 5.1 | 7.4 | 9.5 | 17 | 20.9 | 22.1 | 32.2 | 36.8 | 18.9 | 31.4 | 47 |
| Cash Flow from Ops. ⓘ | 9.1 | 4.6 | 19.1 | 33.2 | 38.9 | 10.6 | 60.3 | 35.3 | 62.9 | 81.8 | - |
| Debt/CF from Ops. ⓘ | 5.9 | 14.5 | 4.5 | 2.7 | 2.8 | 15.4 | 3.4 | 8 | 4.8 | 2.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17% | 18.6% | 10.1% | 14.5% | ||||
| Adj EPS ⓘ | 20% | 6.6% | -3.7% | 52.2% | ||||
| BVPSⓘ | 22.6% | 24.4% | 24.3% | 40.8% | ||||
| Share Price | 50.7% | 28.7% | 12.4% | 94.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.1 | 14.5 | 15.7 | 22.5 | 21.7 | 18.5 | 21.6 | 19.8 | 8.7 | 10.8 | 13.2 |
| Op. Profit Mgn % ⓘ | 12.9 | 13.2 | 16.2 | 19.4 | 25 | 21.1 | 22.8 | 23.1 | 20.7 | 21.8 | 22.6 |
| Net Profit Mgn % ⓘ | 4.4 | 5.4 | 5 | 8 | 10.3 | 8.2 | 9 | 8.8 | 4.5 | 6.6 | 9.3 |
| Debt to Equity ⓘ | 1.1 | 1.2 | 1.3 | 1 | 1 | 1.2 | 1.2 | 1.4 | 1.3 | 0.6 | - |
| Working Cap Days ⓘ | 157 | 196 | 180 | 190 | 228 | 204 | 198 | 220 | 256 | 248 | 118 |
| Cash Conv. Cycle ⓘ | 83 | 116 | 108 | 115 | 120 | 110 | 119 | 135 | 170 | 164 | 31 |
Valuation of RACL Geartech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Sales | 190 | 212 | 204 | 271 | 358 | 410 | 415 | 490 |
| Operating Expenses ⓘ + | 159 | 171 | 153 | 214 | 277 | 314 | 330 | 383 |
| Operating Profit ⓘ | 31 | 41 | 51 | 57 | 82 | 96 | 85 | 107 |
| Operating Profit Margin (%) | 16.2% | 19.4% | 25.1% | 21.1% | 22.8% | 23.4% | 20.5% | 21.8% |
| Other Income ⓘ + | 1 | 1 | 4 | 4 | 9 | 6 | 10 | 22 |
| Interest ⓘ | 6 | 8 | 8 | 12 | 21 | 24 | 32 | 30 |
| Depreciation ⓘ | 8 | 11 | 16 | 16 | 19 | 25 | 30 | 34 |
| Profit Before Tax ⓘ | 17 | 22 | 30 | 33 | 51 | 53 | 33 | 66 |
| Tax ⓘ | 8 | 5 | 7 | 9 | 14 | 14 | 9 | 17 |
| Profit After Tax | 10 | 17 | 23 | 24 | 37 | 39 | 24 | 49 |
| PAT Margin (%) | 5.1% | 8.0% | 11.5% | 8.8% | 10.5% | 9.6% | 5.7% | 10.0% |
| Adjusted EPS (₹) | 9.5 | 15.7 | 22.2 | 21.7 | 34.5 | 36.1 | 21.7 | 41.6 |
| Dividend Payout Ratio (%) | 0% | 6.40% | 4.50% | 4.60% | 4.40% | 4.20% | 6.90% | 3.60% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 66 | 85 | 108 | 131 | 167 | 205 | 227 | 352 | |||
| Debt + | 75 | 74 | 87 | 134 | 164 | 232 | 254 | 199 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Payables | 21 | 19 | 28 | 29 | 38 | 48 | 49 | 61 | |||
| Others Liabilities ⓘ | 36 | 49 | 55 | 64 | 82 | 109 | 112 | 96 | |||
| Total Liabilities ⓘ | 199 | 228 | 278 | 359 | 452 | 595 | 642 | 709 | |||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 95 | 109 | 141 | 178 | 228 | 305 | 323 | 343 | |||
| CWIP ⓘ | 0 | 0 | 1 | 4 | 2 | 6 | 5 | 3 | |||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |||
| Inventories | 36 | 41 | 42 | 57 | 95 | 127 | 153 | 147 | |||
| Trade Receivables | 51 | 54 | 55 | 77 | 84 | 107 | 125 | 146 | |||
| Cash Equivalents | 1 | 1 | 1 | 10 | 3 | 1 | 3 | 14 | |||
| Others Assets ⓘ | 17 | 22 | 37 | 33 | 39 | 49 | 32 | 54 | |||
| Total Assets ⓘ | 199 | 228 | 278 | 359 | 452 | 595 | 642 | 709 | |||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 19 | 33 | 39 | 11 | 60 | 35 | 56 | 92 |
| Cash Flow From Investing Activity ⓘ + | -31 | -26 | -49 | -55 | -76 | -93 | -46 | -53 |
| Cash Flow From Financing Activity ⓘ + | 11 | -7 | 10 | 44 | 18 | 56 | -10 | -34 |
| Net Cash Flow ⓘ | -0 | 0 | 0 | -0 | 2 | -1 | 1 | 6 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.7 | 22.39 | 24.32 | 19.97 | 25.05 | 21.19 | 11.04 | 16.93 | ||
| ROCE (%) | 15.64 | 18.66 | 19.87 | 17.74 | 21.68 | 17.97 | 12.73 | 17.18 | ||
| Asset Turnover Ratio | 0.95 | 1 | 0.81 | 0.85 | 0.88 | 0.78 | 0.68 | 0.73 | ||
| PAT to CFO Conversion(x) | 1.9 | 1.94 | 1.7 | 0.46 | 1.62 | 0.9 | 2.33 | 1.88 | ||
| Working Capital Days | ||||||||||
| Receivable Days | 97.80 | 89.90 | 97.60 | 88.90 | 82.20 | 85.40 | 101.50 | 100.60 | ||
| Inventory Days | 69.20 | 66.60 | 75.20 | 66.70 | 77.50 | 98.90 | 122.30 | 111.60 | ||
| Payable Days | 122.60 | 108.30 | 141.10 | 116.30 | 111.20 | 136.10 | 147.70 | 140.40 | ||
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RACL Geartech Ltd FAQs
The current trading price of RACL Geartech on 11-Sep-2026 16:59 is ₹1,756.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of RACL Geartech stood at ₹1,875.8 Cr
The latest P/E ratio of RACL Geartech as of 10-Sep-2026 is 39.88.
The latest P/B ratio of RACL Geartech as of 10-Sep-2026 is 5.20.
The 52-week high of RACL Geartech is ₹1,682.2 and the 52-week low is ₹880.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RACL Geartech is ₹505 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that RACL Geartech Ltd is a average quality company.
The key valuation ratios of RACL Geartech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of RACL Geartech Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About RACL Geartech Ltd
The year 1989 witnessed the advent of a leader in the automotive components sector- Raunaq Automotive Components Ltd. (RACL). Over the years, this company has scripted success stories of meeting complex engineering solutions and satisfying challenging customer needs in the field of Motorcycles & Scooters, 3 & 4 Wheeler Passenger & Cargo Vehicles Tractors, ATV, Light& Heavy Commercial Vehicles. It has also diversified in the field of Industrial Gears for Electrical Switch Gears & Circuit Breakers, Winches & Cranes.
RACL has its manufacturing set up spread over an area of more 1,00,000 Sq Mts of land and 7000 Sq Mts of built up area. It is located at Gajraula, 100 kms from New Delhi, on National Highway NH 24, the most important road link between New Delhi with Uttar Pradesh state capital Lucknow. RACL is recognized for manufacturing premium quality Transmission Gears, Shafts, Engine Timing Gears and Sprockets for automotive & industrial applications in the domestic as well as global markets.
RACL’s concerted effort towards growth can be asserted with its state-of-the-art infrastructure meticulously developed with the most modern Production machines, Testing Equipments and pioneering technology.
RACL has successfully achieved a turnover of US Dollars 15.75 million for the year 2007-08 and is constantly exploring new vistas of expansion and growth.
Product range of the company includes:
- Transmission Gears & Shafts
- Engine Timing Gears
- Sprockets & Ratchets
- Synchronising Cones & Rings
- Industrial Gears
Clientele:
Catering to a host of industries and serving some of the prestigious names in the automotive sector, RACL has emerged as the most preferred auto components supplier to major OEM’s around the globe. With a strong customer base in Japan, Europe, South East Asia & USA, the company is spreading its wings to further worldwide markets. Owing to their consistent performance and quality focused approach towards engineering, RACL has successfully earned a coveted client base as TIER 1 & TIER 2 supplier, with names like:
- Piaggio
- Yamaha
- Honda
- Lombardini
- Areva
- BRP
- Hero Motors
- DANA
- Swaraj Mazda
Achievements/ recognition:-
- An ISO 9001 & ISO : TS 16949 certified company
- 2010 - The Company received Bronze Trophy for Excellence in Exports.
The Company received Second Prize from CII National Cluster Summit - 2011 - The Company received Golden Trophy for Excellence in Exports."
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