RULKA
Rulka Electricals financials
- Market cap
- ₹45 Cr
- Sector
- Construction
- Calls analysed
- 1
RULKA Q2 FY26
What went well
- Revenue from operations of INR 54.24 crores, up 82% year-on-year compared to H1 FY25.
- Profit after tax grew by approximately 62% year-on-year.
- EPS increased to INR 3.56, reflecting value acquisition for shareholders.
What to watch
- Last year's bottom line was impacted by a civil project in North India, leading to margin pressure.
- Working capital requirements increased in line with higher education levels, though debt to equity remains manageable.
Guidance record · Q2 FY26
what the last two calls moved 7 tracked 0 delivered 0 missed 7 open- H2 FY26 Revenue open said Q2 FY26 Promised: better than H1 Q2 FY26: Management guided that H2 revenue will exceed H1's 54.24 crores.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 57.1%, net profit down 50.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 36 | 35 | 30 | 54 | 54 +50% | 55 +57% |
| EBITDA | 4 | 5 | 2 | 3 | 3 −25% | 3 −40% |
| Net profit | 2 | 4 | 1 | 1 | 2 +0% | 2 −50% |
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 −17.7% 1Y
1Y: ₹129.95 on 10 Sept 2025 → ₹107. High ₹133.85 (12 Sept 2025), low ₹75 (30 Mar 2026).
How the price took the results
close before → close after
- Q2 FY26
- −6.7%
- 15 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹6 Cr | ₹10 Cr | ₹31 Cr | ₹33 Cr |
| Borrowings | ₹2 Cr | ₹3 Cr | ₹5 Cr | ₹11 Cr | ₹11 Cr | ₹5 Cr |
| Other liabilities | ₹6 Cr | ₹14 Cr | ₹17 Cr | ₹17 Cr | ₹25 Cr | ₹30 Cr |
| Total liabilities | ₹10 Cr | ₹19 Cr | ₹29 Cr | ₹41 Cr | ₹71 Cr | ₹73 Cr |
| Fixed assets | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹16 Cr | ₹26 Cr | ₹39 Cr | ₹68 Cr | ₹69 Cr |
| Total assets | ₹10 Cr | ₹19 Cr | ₹29 Cr | ₹41 Cr | ₹71 Cr | ₹73 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 Jul 2026
Since Mar 2025, promoters trimmed −9.17 pp while FIIs added +7.54 pp.
- Promoters
- 60.0%
- FIIs
- 8.2%
- Public
- 31.8%
Since Mar 2025
- Promoters −9.17 pp
- FIIs +7.54 pp
- Public +1.69 pp
How it drifted, 7 quarters
Over this window promoters fell from 69.2% to 60.0% — −9.2 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 69.2%, FIIs 2.4%, DIIs 0.3%, Public 28.2%.Mar '25: Promoters 69.2%, FIIs 0.6%, DIIs 0.1%, Public 30.1%.Sep '25: Promoters 69.2%, FIIs 0.4%, Public 30.4%.Dec '25: Promoters 69.2%, FIIs 0.2%, Public 30.6%.Mar '26: Promoters 69.2%, Public 30.8%.Jun '26: Promoters 69.2%, Public 30.8%.Jul '26: Promoters 60.0%, FIIs 8.2%, Public 31.8%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Abundantia Capital Vcc- Abundantia Capital Iii VC / PE newly disclosed 8.15% held
- Ashlar Securities Private Limited newly disclosed 5.09% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Rulka Electricals Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Nitin Indrakumar Aher | 30.02% | −4.58 pp |
| Rupesh Laxman Kasavkar | 30.02% | −4.58 pp |
| Abundantia Capital Vcc- Abundantia Capital Iii VC / PE | 8.15% | newly disclosed |
| Ashlar Securities Private Limited | 5.09% | newly disclosed |
| Raj Kumari Yadav | 1.24% | −0.19 pp |
| Preeti Nitin Aher | 0.02% | unchanged |
| Sachin Indrakumar Aher | 0.00% | unchanged |
| Ashwini Indrakuamr Aher | 0.00% | unchanged |
| Indrakumar Jairam Aher | 0.00% | unchanged |
| NR Square Enterprises | 0.00% | unchanged |
| Rulka Electricals | 0.00% | unchanged |
| Sagar Joshi | 0.00% | unchanged |
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.
Learn to analyse Rulka Electricals Ltd
Guides on how to read this kind of business and the numbers that matter.