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Raghav Productivity Enhancers Ltd (RPEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539837 NSE: RPEL Refractories | Small Cap | Raghav Productivity Share Price

₹1,145.10 -24.65 (-2.11%)

As on 10-Jun'26 16:01

Raghav Productivity Enhancers Ltd (RPEL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539837 NSE: RPEL Refractories | Small Cap | Raghav Productivity Share Price

₹1,145.10 -24.65 (-2.11%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹5,372 Cr.
Current Price
₹1,145.1
52-Week Low / High
₹563 / 1,175
TTM EPS
₹6.4
TTM Sales
₹114 Cr.
Book Value per Share
₹44.3
P/E Ratio
184.16
Higher than its 5-year historical median
Industry PE
48
Price to Book (P/B)
26.39
Higher than its 5-year historical median
Price to Sales (P/S)
46.99
Higher than its 5-year historical median
EV/EBITDA
132.15
Higher than its 5-year historical median
Dividend Yield
0.18%
Profitability Efficiency
Return on Equity (ROE)
15.30%
Outperforms industry median
Return on Capital Employed (ROCE)
19.81%
Outperforms industry median
Return on Assets (ROA)
14.05%
Operating Profit Margin
29.2%
Net Profit Margin
25.52%
Gross Profit Margin
35.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.92%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
14.65%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
36.37%
Asset Quality
Promoter Holding
62.91%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹158 Cr.
Equity
₹45.9 Cr.
Face Value
₹10
All Time Low / High
₹7.05 / 1124.65

Raghav Productivity Enhancers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Raghav Productivity Enhancers Ltd a good quality company?
Raghav Productivity Enhancers Ltd is a good quality company, based on a consistently good 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 Raghav Productivity Enhancers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Raghav Productivity Enhancers Ltd vs industry peers?
Raghav Productivity Enhancers Ltd revenue CAGR is 11.66%, compared to the industry median CAGR of 4.42%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Raghav Productivity Enhancers Ltd?
Promoters hold 62.91% of the Raghav Productivity Enhancers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Raghav Productivity Enhancers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 62.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Raghav Productivity Enhancers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 18.8%28.2%31.5%31.5%22.8%28.2%28.5%23.3%17.2%19.8%-
Value Creation
Index
0.31.01.31.30.61.01.00.70.20.4-

Growth Parameters

Sales 42.347.656.466.564.6101138119115114114
Sales YoY Gr.-12.4%18.6%17.9%-2.8%56%36.8%-13.8%-2.8%-0.9%-
Adj EPS 0.61.522.32.14.25.65.54.76.46.4
YoY Gr.-131.8%36.3%17.6%-9.8%97.6%35%-2.3%-14.9%35.7%-
BVPS (₹) 4.66.18.110.41525.129.334.638.844.344.3
Adj Net
Profit
2.55.989.49.218.225.825.321.529.129
Cash Flow from Ops. 0.66.76.77.611.38.220.425.627.322.6-
Debt/CF from Ops. 20.81.61.20.800.70000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 11.7%12.1%-6%-0.9%
Adj EPS 29.3%24.7%4.1%35.7%
BVPS28.6%24.2%14.7%14.1%
Share Price 66% 62.1% 70.7% 61.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
18.827.428.225.317.220.821.217.212.715.214.3
Op. Profit
Mgn %
13.621.323.523.323.124.826.430.325.429.228.9
Net Profit
Mgn %
612.314.214.114.21818.821.318.625.525.5
Debt to
Equity
0.70.40.20.200.100000
Working Cap
Days
146145153164165201188208212225190
Cash Conv.
Cycle
7887981051018481122140152171

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales4248566665101138119115114
Operating Expenses + 373743515076101838681
Manufacturing Costs1478899767
Material Costs30252024232842373435
Employee Cost 1123333454
Other Costs 581416163647344135
Operating Profit 6101315152536362933
Operating Profit Margin (%) 13.6%21.3%23.5%23.1%23.1%24.8%26.4%30.3%25.3%29.2%
Other Income + 0000032127
Exceptional Items 0000000000
Interest 1121111000
Depreciation 1122223333
Profit Before Tax 481013122535342938
Tax 1223369979
Profit After Tax 368991926252129
PAT Margin (%) 6.0%12.3%14.3%14.2%14.2%18.4%18.8%21.3%18.5%25.5%
Adjusted EPS (₹)0.61.52.02.42.14.35.65.54.76.4
Dividend Payout Ratio (%)0%0%0%0%5.90%5.90%4.40%8.20%21.50%15.70%

Valuation of Raghav Productivity - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1924324265109135159178203
Share Capital 771010111111234646
Reserves 111722325498123136132157
Debt +11975000000
Long Term Debt3210000000
Short Term Debt8755000000
Minority Interest0000000000
Trade Payables44455101110106
Others Liabilities 45885146698
Total Liabilities 3842516075133152175198217

Fixed Assets

Net Fixed Assets +12222228282726232728
Gross Block14252734363739394548
Accumulated Depreciation235681113161820
CWIP 7010000002
Investments 000002587999106
Inventories457891218242324
Trade Receivables12131621183637343836
Cash Equivalents 000013141467
Others Assets 22446421310515
Total Assets 3842516075133152175198217

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 177811820262723
PBT 481013122535342938
Adjustment 223330221-4
Changes in Working Capital -5-2-4-6-1-12-9-24-2
Tax Paid -1-2-2-2-3-5-8-9-6-9
Cash Flow From Investing Activity + -7-3-3-5-13-42-14-21-24-17
Capex -7-4-3-6-2-1-2-0-6-6
Net Investments 0000-6-78-8-19-17
Others -0001-5-34-20-1215
Cash Flow From Financing Activity + 7-3-4-2829-7-1-2-5
Net Proceeds from Shares 70001400000
Net Proceeds from Borrowing -3-1-1-1-000000
Interest Paid -1-1-1-1-1-1-1-0-0-0
Dividend Paid 00000-1-1-1-2-5
Others 4-1-1-1-531-6000
Net Cash Flow -0-0-007-4-1321

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.8127.428.3525.4317.221.2921.1917.2212.715.3
ROCE (%)18.8128.1931.4731.4622.7528.1628.5223.2517.1519.81
Asset Turnover Ratio1.261.191.211.21.091.091.080.730.620.55
PAT to CFO Conversion(x)0.331.170.880.891.220.420.771.041.290.79
Working Capital Days
Receivable Days100.9094.8095.50101.7096.2087.1086.50108.50113.70118.60
Inventory Days31.7036.2038.8039.3042.1035.30366473.7074
Payable Days64.1058.8072.3067.6074.5094.7091.60104.70109.1087.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Raghav Productivity Enhancers Ltd FAQs

The current trading price of Raghav Productivity on 10-Jun-2026 16:01 is ₹1,145.1.

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 09-Jun-2026 the market cap of Raghav Productivity stood at ₹5,371.7 Cr

The latest P/E ratio of Raghav Productivity as of 09-Jun-2026 is 184.2.

The latest P/B ratio of Raghav Productivity as of 09-Jun-2026 is 26.39.

The 52-week high of Raghav Productivity is ₹1,174.8 and the 52-week low is ₹562.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raghav Productivity is ₹114 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Raghav Productivity Enhancers Ltd is a good quality company.

The key valuation ratios of Raghav Productivity Enhancers 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 Raghav Productivity Enhancers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Raghav Productivity Enhancers Ltd

Raghav Productivity Enhancers Ltd., are engaged in offering Ramming Mass Mineral. It is a company that is blindly trusted by customers who require to use its offerings as refractory material in induction furnace. It is a manufacturer, that is greatly acclaimed in the markets for always besting at works. Also, the company’s business operations as an exporter are widely praised by customers across the globe. Since 2009, the company has continuously succeeded at offering premium quality White Silica Sand, Casting Powder, White Ramming Mass, Premixed Ramming Mass, Quartz Silica Ramming Mass, and much more.

As one of the oldest and trusted Ramming Mass manufacturers, it owns a strong infrastructural base. The well-built network and transportation system help it in timely delivery of the products to its customers spread all over the world. The company has a well-managed and well-defined tracking system to keep track of its supplies and that is the reason behind its ability to satisfy its customers.

This was the first manufacturing unit the company developed in Newai & Kaladera of (Rajasthan), which was specialized in manufacturing of Quartz Powder (Ramming mass). The plant company has maintained in Newai is sprawling across 32000 Sq. Mt., and the manufacturing facility of the company in Kaladera is built across 1863 Sq. Mt. Each one of its facility is located in Rich High Quality Quartz Mining area of Rajasthan which aids it in leading the markets by offering premium grade Non-Ferrous Metal Alloys, Dry Neutral Ramming Mass, Dolomite, and much more. 

Business area of the company

The company is engaged in the business to help the global steel sector moderate costs and enhance productivity. This focus is of growing relevance in a capital-intensive sector on the one hand and at a time when weak realisations have affected the viability of this core industry. Also, it is engaged in manufacturing of Ramming Mass and other quartz related products.

Products

Ramming Mass
  • NT 7001: Nali Top Ramming Mass
  • LD 1016: Ladle Ramming Mass
  • Acidic Premix Ramming Mass
  • White Ramming Mass
  • High Quality Ramming Mass
  • Premixed Ramming Mass
  • Acidic Ramming Mass
  • Packed Ramming Mass
  • Silica Ramming Mixes
  • Silica Ramming Mass
  • Neutral Ramming Mass
  • White Premix Ramming Mass
  • Ramming Mass Powder
  • Magnesite Ramming Mass
  • Quartz Ramming Mass
Refractories Products
  • Casting Powder
  • Tundish Board
  • Nozzle Filling Compound Powder
  • Asbestos Sheet
Awards

2017-18
  • ASIA’s Most Trusted Ramming Mass Company, by IBC, USA at a ceremony in Bangkok
  • Rajasthan’s Best Brand Award 2018 by CMO Asia & ABP News
  • FORTI Award for Business Innovation by SAP
  • CE (Certified European) Marked Products
  • Greenguard Compliance Certification, UK
2018-19
  • ‘Rajasthan Udyog Ratan Award’ awarded for the Best Manufacturing Company. Also given a Cash Prize of Rs 1 Lakh by the Government presented by the Minister of State - Shri Gajendra Singh Shekhawat
  • Conferred the Award of ‘India’s Best Ramming Mass Manufacturing Company’ by Berkshire Media USA
  • Conferred the Award of ‘Best SME - Industrial Goods’ by Arracus & Economic Times. The Award was Presented by the Hon’ble Cabinet Minister for Steel, Shri Chaudhary Birender Singh Ji
  • Manufacturing Leadership Award presented by World Quality Congress & Awards
  • India’s Best Company of the Year Award 2018
2019-20
  • Energy Efficiency Award 2019 & Certificate of Recognition for being the world’s largest manufacturer of ramming mass by AIIFA
  • Asia’s Most Trusted Ramming Mass Brand
  • Best SME 2019 Award
  • AIIFA Award presented by Union Minister of Steel Mr. Dharmendra Pradhan
  • Economic Times Best SME 2019 Award presented by Union Minister of Steel Mr. Birender Singh
Milestones
  • 2009: Began with a traditional 12,000 MTPA plant 
  • 2012: Contract manufacturing at 7 different plants manufacturing 25,000 MTPA
  • 2015: Started fully integrated plant with a capacity of 72,000 MTPA
  • 2017: Plant reached full capacity
  • 2018: Converted granules plant to ramming mass, enhancing capacity to 144,000 MTPA
  • 2019: Through brownfield expansion and debottlenecking increased operational capacity to 1,80,000 MTPA
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