RPEL

Raghav Productivity Enhancers share price & financials

Price
₹1,197.95
Market cap
₹8.5k Cr
Sector
Capital Goods

What Raghav Productivity Enhancers Limited does

Raghav Productivity Enhancers Limited (RPEL) manufactures Silica Ramming Mass, a refractory material made from quartz mineral and binder chemicals that is applied as the protective inner lining and insulator of Induction Furnaces (IF) used by steel plants, foundries and casting units. It runs a fully automated, patented manufacturing process at a flagship facility in Newai, Rajasthan, sited near one of the world's densest quartz reserves, backed by an in-house R&D lab recognised by India's Department of Scientific and Industrial Research. RPEL sells to customers across 27 Indian states and exports to 39 countries, and also operates a manufacturing subsidiary, RPSPL, that adds dedicated capacity for the foundry segment.

Segments

  • Silica Ramming Mass (Induction Furnace lining)
  • Foundry
Market position
World's largest manufacturer of Silica Ramming Mass
Installed manufacturing capacity (group)
414,000 MTPA (FY26)
Manufacturing facility
Single flagship plant spanning 30+ acres in Newai, Rajasthan
Domestic footprint
Supplies customers across 27 states in India
Export footprint
Exports to 39 countries
Export market position
India's largest exporter of silica ramming mass
Founded 2009Headquarters Jaipur, Rajasthan, India Company website

Quarterly results

Q1 FY27: revenue up 50.0%, net profit up 66.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue49 55 51 58 64 +31%64 +16%71 +39%87 +50%
EBITDA13 14 14 16 19 +46%19 +36%21 +50%26 +63%
Net profit9 10 10 12 14 +56%14 +40%15 +50%20 +67%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +174.2% 1Y

₹0.5k₹1.0k₹1.5kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹672.95 on 10 Sept 2025 → ₹1,845.2. High ₹1,885.2 (3 Sept 2026), low ₹566.4 (30 Mar 2026).

Financials, as filed

Revenue grew 23.3% a year over 3 years, FY23 to FY26. Operating margin widened to 29.2%.

Year endingFY23FY24FY25FY26
Revenue₹137 Cr₹133 Cr₹200 Cr₹257 Cr
Operating profit₹36 Cr₹40 Cr₹53 Cr₹75 Cr
Operating margin26.3%30.1%26.5%29.2%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹4 Cr₹6 Cr₹7 Cr₹8 Cr
Net profit₹25 Cr₹26 Cr₹37 Cr₹55 Cr
Net margin18.2%19.5%18.5%21.4%
Cash from operations₹20 Cr₹21 Cr₹39 Cr₹37 Cr
Free cash flow₹-14 Cr₹12 Cr₹25 Cr₹23 Cr
ROCE26.0%23.0%26.0%30.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹11 Cr₹23 Cr₹46 Cr₹46 Cr
Reserves₹54 Cr₹98 Cr₹122 Cr₹135 Cr₹169 Cr₹199 Cr
Borrowings₹0 Cr₹6 Cr₹10 Cr₹9 Cr₹6 Cr₹5 Cr
Other liabilities₹10 Cr₹18 Cr₹18 Cr₹19 Cr₹36 Cr₹34 Cr
Total liabilities₹75 Cr₹132 Cr₹161 Cr₹186 Cr₹257 Cr₹284 Cr
Fixed assets₹28 Cr₹27 Cr₹27 Cr₹88 Cr₹94 Cr₹98 Cr
Capital work in progress₹0 Cr₹31 Cr₹59 Cr₹0 Cr₹2 Cr₹4 Cr
Investments₹0 Cr₹2 Cr₹6 Cr₹14 Cr₹41 Cr₹41 Cr
Other assets₹47 Cr₹73 Cr₹69 Cr₹84 Cr₹121 Cr₹141 Cr
Total assets₹75 Cr₹132 Cr₹161 Cr₹186 Cr₹257 Cr₹284 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.68 pp while FIIs added +0.67 pp. The shareholder count grew 5% to 14,899.

Promoters
62.9%
FIIs
0.8%
DIIs
0.0%
Public
36.3%

Since Jun 2025

  • Public −0.68 pp
  • FIIs +0.67 pp
  • Promoters −0.02 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 62.9%, FIIs 0.1%, Public 37.0%.Dec '23: Promoters 62.9%, Public 37.1%.Mar '24: Promoters 62.9%, Public 37.1%.Jun '24: Promoters 62.9%, FIIs 0.0%, Public 37.0%.Sep '24: Promoters 62.9%, FIIs 0.0%, Public 37.1%.Dec '24: Promoters 62.9%, FIIs 0.1%, Public 37.0%.Mar '25: Promoters 62.9%, FIIs 0.2%, Public 36.9%.Jun '25: Promoters 62.9%, FIIs 0.1%, Public 37.0%.Sep '25: Promoters 62.9%, FIIs 0.1%, Public 36.9%.Dec '25: Promoters 62.9%, FIIs 0.1%, Public 37.0%.Mar '26: Promoters 62.9%, FIIs 0.4%, Public 36.7%.Jun '26: Promoters 62.9%, FIIs 0.8%, DIIs 0.0%, Public 36.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Raghav Productivity Enhancers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Rajesh Kabra 21.44%unchanged
Savita Kabra 13.02%unchanged
Sanjay Kabra 11.75%unchanged
Rashmi Kabra 9.19%unchanged
Sanjay Kabra Huf . 4.95%unchanged
Utpal H Sheth 3.62%unchanged
Chanakya Corporate Services Private Limited 3.31%unchanged
Sanjay Katkar 2.44%newly disclosed
Nishid Babulal Shah 2.14%unchanged
Rajesh Kabra Huf . 2.13%unchanged
Kailash Sahebrao Katkar 1.25%newly disclosed
Anupama Kailash Katkar 1.09%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹1845, this stock must grow earnings at 52% every year for 7 years. Our analysis caps realistic growth at ~28%. At that growth it is worth ₹605 — downside of 67%.

Growth the price implies
51.9% a year
for 7 years, fading to 4%
It has actually compounded at
30.1% a year
net profit, FY23–FY26 · EPS 27.9%
The gap
0.2 pp
-67% downside if it only repeats history
Price today ₹1,845.2 Value at the reference growth ₹605.45

Change the assumptions yourself →

Learn to analyse Raghav Productivity Enhancers Limited

Guides on how to read this kind of business and the numbers that matter.