Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
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
₹1,844.25 100.95 (5.79%)
As on 11-Sep'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
₹1,844.25 100.95 (5.79%)
As on 11-Sep'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹8,006 Cr.
Current Price
₹1,844.3
52-Week Low / High
₹563 / 1,940
TTM EPS
₹13.7
TTM Sales
₹286 Cr.
Book Value per Share
₹57.4
P/E Ratio
127.68
Higher than its 5-year historical median
Industry PE
56.3
Price to Book (P/B)
30.36
Higher than its 5-year historical median
Price to Sales (P/S)
28.04
Higher than its 5-year historical median
EV/EBITDA
91.61
Higher than its 5-year historical median
Dividend Yield
0.05%
Profitability Efficiency
Return on Equity (ROE)
25.09%
Outperforms industry median
Return on Capital Employed (ROCE)
31.26%
Outperforms industry median
Return on Assets (ROA)
21.28%
Operating Profit Margin
29.3%
Net Profit Margin
21.32%
Gross Profit Margin
29.8%
Growth Momentum
1-yr vs 3-yr growth
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
40.16%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
48.23%
Asset Quality
Promoter Holding
62.89%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹218 Cr.
Equity
₹45.9 Cr.
Face Value
₹10
All Time Low / High
₹7.05 / 1940.00
Check Before You Invest
Quality
Very GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Raghav Productivity Enhancers Ltd vs industry peers?
Raghav Productivity Enhancers Ltd revenue CAGR is 12.10%, compared to the industry median CAGR of 4.42%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Raghav Productivity Enhancers Ltd?
Promoters hold 62.89% of the Raghav Productivity Enhancers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Raghav Productivity Enhancers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 66.8% 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.
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 18.8% | 28.2% | 31.5% | 31.5% | 22.8% | 28.2% | 28.5% | 23.3% | 17.2% | 19.8% | - |
| Value Creation Index ⓘ | 0.3 | 1.0 | 1.3 | 1.3 | 0.6 | 1.0 | 1.0 | 0.7 | 0.2 | 0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 42.3 | 47.6 | 56.4 | 66.5 | 64.6 | 101 | 138 | 119 | 115 | 114 | 118 |
| Sales YoY Gr. | - | 12.4% | 18.6% | 17.9% | -2.8% | 56% | 36.8% | -13.8% | -2.8% | -0.9% | - |
| Adj EPS ⓘ | 0.6 | 1.5 | 2 | 2.3 | 2.1 | 4.2 | 5.6 | 5.5 | 4.7 | 6.4 | 7.6 |
| YoY Gr. | - | 131.8% | 36.3% | 17.6% | -9.8% | 97.6% | 35% | -2.3% | -14.9% | 35.7% | - |
| BVPS (₹) ⓘ | 4.6 | 6.1 | 8.1 | 10.4 | 15 | 25.1 | 29.3 | 34.6 | 38.8 | 44.3 | 47 |
| Adj Net Profit ⓘ | 2.5 | 5.9 | 8 | 9.4 | 9.2 | 18.2 | 25.8 | 25.3 | 21.5 | 29.1 | 35 |
| Cash Flow from Ops. ⓘ | 0.6 | 6.7 | 6.7 | 7.6 | 11.3 | 8.2 | 20.4 | 25.6 | 27.3 | 22.6 | - |
| Debt/CF from Ops. ⓘ | 20.8 | 1.6 | 1.2 | 0.8 | 0 | 0.7 | 0 | 0 | 0 | 0 | - |
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% | ||||
| BVPSⓘ | 28.6% | 24.2% | 14.7% | 14.1% | ||||
| Share Price | 67.5% | 57.1% | 91.3% | 171.9% | ||||
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 % ⓘ | 18.8 | 27.4 | 28.2 | 25.3 | 17.2 | 20.8 | 21.2 | 17.2 | 12.7 | 15.2 | 16.7 |
| Op. Profit Mgn % ⓘ | 13.6 | 21.3 | 23.5 | 23.3 | 23.1 | 24.8 | 26.4 | 30.3 | 25.4 | 29.2 | 29.2 |
| Net Profit Mgn % ⓘ | 6 | 12.3 | 14.2 | 14.1 | 14.2 | 18 | 18.8 | 21.3 | 18.6 | 25.5 | 29.6 |
| Debt to Equity ⓘ | 0.7 | 0.4 | 0.2 | 0.2 | 0 | 0.1 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 146 | 145 | 153 | 164 | 165 | 201 | 188 | 208 | 212 | 225 | 190 |
| Cash Conv. Cycle ⓘ | 78 | 87 | 98 | 105 | 101 | 84 | 81 | 122 | 140 | 152 | 171 |
Valuation of Raghav Productivity - 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'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 65 | 100 | 137 | 133 | 200 | 257 |
| Operating Expenses ⓘ + | 50 | 75 | 101 | 93 | 146 | 182 |
| Operating Profit ⓘ | 15 | 25 | 36 | 40 | 54 | 75 |
| Operating Profit Margin (%) | 23.0% | 24.8% | 26.1% | 30.2% | 26.9% | 29.3% |
| Other Income ⓘ + | 0 | 1 | 0 | 0 | 1 | 2 |
| Interest ⓘ | 1 | 0 | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 3 | 5 | 6 | 7 |
| Profit Before Tax ⓘ | 12 | 24 | 34 | 35 | 48 | 70 |
| Tax ⓘ | 3 | 6 | 8 | 9 | 11 | 15 |
| Profit After Tax | 9 | 18 | 25 | 26 | 37 | 55 |
| PAT Margin (%) | 14.2% | 17.8% | 18.4% | 19.6% | 18.5% | 21.3% |
| Adjusted EPS (₹) | 2.1 | 4.1 | 5.5 | 5.7 | 8.1 | 11.9 |
| Dividend Payout Ratio (%) | 6% | 6.10% | 4.60% | 8% | 12.40% | 8.40% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 65 | 109 | 133 | 158 | 193 | 244 | |||||
| Debt + | 0 | 0 | 9 | 7 | 5 | 4 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 5 | 10 | 11 | 13 | 18 | 21 | |||||
| Others Liabilities ⓘ | 5 | 14 | 8 | 8 | 15 | 15 | |||||
| Total Liabilities ⓘ | 75 | 132 | 161 | 186 | 231 | 284 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 28 | 27 | 27 | 88 | 93 | 98 | |||||
| CWIP ⓘ | 0 | 31 | 59 | 0 | 2 | 4 | |||||
| Investments ⓘ | 0 | 2 | 6 | 14 | 34 | 41 | |||||
| Inventories | 9 | 12 | 18 | 28 | 35 | 57 | |||||
| Trade Receivables | 18 | 36 | 37 | 40 | 51 | 58 | |||||
| Cash Equivalents | 13 | 14 | 3 | 5 | 9 | 8 | |||||
| Others Assets ⓘ | 6 | 10 | 11 | 11 | 7 | 18 | |||||
| Total Assets ⓘ | 75 | 132 | 161 | 186 | 231 | 284 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 11 | 9 | 20 | 21 | 39 | 37 |
| Cash Flow From Investing Activity ⓘ + | -13 | -42 | -24 | -15 | -30 | -31 |
| Cash Flow From Financing Activity ⓘ + | 8 | 29 | 3 | -3 | -5 | -7 |
| Net Cash Flow ⓘ | 7 | -4 | -1 | 2 | 4 | -1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.06 | 20.55 | 20.86 | 17.83 | 21.06 | 25.09 | ||||
| ROCE (%) | 19.72 | 26.86 | 26.21 | 22.89 | 26.43 | 31.26 | ||||
| Asset Turnover Ratio | 0.98 | 1.09 | 1.05 | 0.77 | 0.96 | 1 | ||||
| PAT to CFO Conversion(x) | 1.22 | 0.5 | 0.8 | 0.81 | 1.05 | 0.67 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 90.10 | 87.70 | 86.70 | 105.40 | 83.10 | 77.70 | ||||
| Inventory Days | 46.80 | 35.50 | 36.70 | 63.10 | 56.90 | 65.40 | ||||
| Payable Days | 74.90 | 96.70 | 92 | 114.10 | 98.70 | 91.80 | ||||
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Announcements
Raghav Productivity Enhancers Ltd FAQs
The current trading price of Raghav Productivity on 11-Sep-2026 16:01 is ₹1,844.3.
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 Raghav Productivity stood at ₹8,005.6 Cr
The latest P/E ratio of Raghav Productivity as of 10-Sep-2026 is 229.2.
The latest P/B ratio of Raghav Productivity as of 10-Sep-2026 is 37.07.
The 52-week high of Raghav Productivity is ₹1,940 and the 52-week low is ₹562.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Raghav Productivity is ₹118 ( 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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