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10 Yrs X-Ray 
Valuation 
Analyst Note 
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About
Rasi Electrodes Ltd (531233)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531233 NSE: Electrodes & Welding Equipment | Small Cap | Rasi Electrodes Share Price
₹13.18 0.00 (0.00%)
As on 01-Oct'26 16:59
Rasi Electrodes Ltd (531233)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531233 NSE: Electrodes & Welding Equipment | Small Cap | Rasi Electrodes Share Price
₹13.18 0.00 (0.00%)
As on 01-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹41 Cr.
Current Price
₹13.2
52-Week Low / High
₹9 / 21
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
36.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.85%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
27.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹6.2 Cr.
Face Value
₹2
All Time Low / High
₹0.45 / 45.24
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Rasi Electrodes Ltd a good quality company?
Rasi Electrodes Ltd is a quality company, based on a 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 Rasi Electrodes Ltd performance compare with that of its Peers?
Revenue growth of Rasi Electrodes Ltd vs industry peers?
Rasi Electrodes Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of Rasi Electrodes Ltd?
Promoters hold 27.96% of the Rasi Electrodes Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Rasi Electrodes Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.6% 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.
Rasi Electrodes Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.5% | 7.4% | 5.9% | 8.8% | 4.6% | 8.6% | 9.9% | 13.5% | 13.1% | 11.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.5 | -0.6 | -0.4 | -0.7 | -0.4 | -0.3 | 0.0 | -0.1 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 23.1 | 26.8 | 34.2 | 47.4 | 46 | 39.5 | 68.4 | 87.5 | 83.8 | 81.4 | 70 |
| Sales YoY Gr. | - | 16.3% | 27.6% | 38.5% | -3.1% | -14.2% | 73.3% | 28% | -4.2% | -2.9% | - |
| Adj EPS ⓘ | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.7 | 1 | 1 | 0.9 | 1.2 |
| YoY Gr. | - | -18.2% | 7.4% | 13.8% | -39.4% | 100% | 65% | 45.5% | 4.2% | -10% | - |
| BVPS (₹) ⓘ | 6.6 | 6.8 | 7 | 7.3 | 7.5 | 7.9 | 8.5 | 9.5 | 10.5 | 11.3 | 12.9 |
| Adj Net Profit ⓘ | 1 | 0.9 | 0.9 | 1 | 0.6 | 1.3 | 2.1 | 3 | 3.1 | 2.8 | 4 |
| Cash Flow from Ops. ⓘ | 0 | -0.5 | -0.3 | 1.5 | 4.4 | -2.4 | -3.9 | 7.5 | 4.4 | 4.6 | - |
| Debt/CF from Ops. ⓘ | 333.8 | -8.9 | -22.1 | 3.7 | 0.6 | -2.3 | -2.5 | 0.4 | 0.3 | 0.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 15% | 12.1% | 6% | -2.9% | ||||
| Adj EPS ⓘ | 11.8% | 35.1% | 10.9% | -10% | ||||
| BVPSⓘ | 6.1% | 8.7% | 10.1% | 8.2% | ||||
| Share Price | 6.6% | 17.8% | -12.2% | -24.5% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.2 | 4.1 | 4.2 | 4.6 | 2.7 | 5.3 | 8.1 | 10.7 | 10.1 | 8.3 | 9.5 |
| Op. Profit Mgn % ⓘ | 9.5 | 7.9 | 4.7 | 5.8 | 3.1 | 5.8 | 4 | 4.5 | 4.9 | 4.9 | 5.4 |
| Net Profit Mgn % ⓘ | 4.5 | 3.2 | 2.7 | 2.2 | 1.4 | 3.2 | 3 | 3.4 | 3.7 | 3.5 | 5.1 |
| Debt to Equity ⓘ | 0.3 | 0.2 | 0.3 | 0.3 | 0.1 | 0.2 | 0.4 | 0.1 | 0 | 0 | - |
| Working Cap Days ⓘ | 240 | 254 | 223 | 172 | 172 | 210 | 149 | 121 | 119 | 118 | 88 |
| Cash Conv. Cycle ⓘ | 144 | 161 | 143 | 113 | 121 | 161 | 124 | 105 | 97 | 94 | 83 |
Valuation of Rasi Electrodes - 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
No data found!
No data found!
No data found!
No data found!
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Announcements
Rasi Electrodes Ltd FAQs
The current trading price of Rasi Electrodes on 01-Oct-2026 16:59 is ₹13.18.
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 30-Sep-2026 the market cap of Rasi Electrodes stood at ₹41.03 Cr
The latest P/E ratio of Rasi Electrodes as of 30-Sep-2026 is 11.42.
The latest P/B ratio of Rasi Electrodes as of 30-Sep-2026 is 1.02.
The 52-week high of Rasi Electrodes is ₹21.05 and the 52-week low is ₹9.27.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rasi Electrodes is ₹70.23 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rasi Electrodes Ltd is a below average quality company.
The key valuation ratios of Rasi Electrodes Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rasi Electrodes Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Rasi Electrodes Ltd
Rasi Electrodes Ltd came into being in the year 1994 and started commercial production for MMAW/SMAW electrodes in end of December 1994, under the brand name of Rasi. With well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.
The company was incorporated for manufacturing of MMAW electrodes & marketing of welding consumables under the brand name of Rasi with well equipped plant & machineries, Laboratory and qualified cum experienced staff to produce Quality Products.
From the beginning the company has strived to offer its customers quality in its products, such as Mild Steel, Low Hydrogen, Hard Facing, Stainless Steel, Cast Iron, Cutting and Gouging electrodes and Low Heat Input Welding Alloys (Repair and Maintenance Electrodes)
The electrodes manufacturing, testing machinery and equipments are procured keeping in mind their capability to produce stringent quality products of desired quality meeting not only national and international standards but also meeting specific customer quality requirements.
Their technical service staff helps the customers in studying the welding applications, selection of appropriate electrodes and the procedures, training of welding personal with the aim of achieving customer satisfaction.
They offer a complete range of welding Solutions.
Product range of the company includes:
Conventional
- Mild Steel
- Pipe Welding
- Low Hydrogen
- Stainless Steel
- Cast Iron
- Hard Facing
- Cutting & Gouging
Low Heat Input Welding Alloys
- For Steels
- For Disimilar Steels
- For Cast Iron
- For Stainless Steels
- For Copper & Non Ferrous Alloys
- For Nickel & Nickel Alloys
- For HardSurfacing & Wear Resistant
- For Cutting & Gouging
CCMS Wires
MIG/TIG Wires
Flux Cored Wires
SAW Wires & Flux
Welding Rectifier
Welding Transformer
Silver Brazing Wires
MIG/MAG Machines
Achievements/ recognition:
Certification:
- Det Norske Veritas Management System Certificate.ISO 9001:2000
- Det Norske Veritas Type Approval Certificate.
- BHEL - Bharat Heavy Electricals Limited – Trichy.
- Directorate General of Quality Assurance Controllerate of Quality Assurance (Metals)
- Indian Register of Shipping.
- Bureau Veritas.
- Engineers India Limited.
- IBR.
- DGS&D.
- Bureau of Indian Standrds (ISI).
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