Radix Industries (India) Share Price & Earnings Call Analysis

₹145.15-3.87% today

Market cap: ₹218 Cr
P/E: 74.09
ROE: 14.50%
PEG: 2.65
Price to sales: 4.75
Debt to equity: 0.01
52W high / low: ₹216 / ₹125
Sales growth (5Y): 12.93%
EBITDA margin: 7.74%
Net profit margin: 6.33%
Promoter holding: 74.96%
Sales (last year): ₹46 Cr

All 12 ratios ↓

Incorporated in 1998, Radix Industries Ltd does manufacturing and selling of human hair products[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Personal Products
on management's own guidance

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Personal Products companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹1,858 Cr	55.5
2		40%+	Flat	₹408 Cr	36.4
3	Honasa Consumer Ltd	20–40%	Up 0–2%	₹14,422 Cr	57.1
4		10–20%	Flat	₹83,720 Cr	39.4
5		10–20%	Flat	₹64,856 Cr	32.7
6		10–20%	Flat	₹15,704 Cr	20.7

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Financials of Radix Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Radix Industries

Quarterly Results

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	9.11	7.11	9.83	8.14	7.93	6.98	13.33	15.66	12.28	8.04	12.09	17.46	12.92
Expenses +	8.43	6.42	9.21	7.04	6.99	6.21	12.70	14.20	11.31	7.23	11.08	16.02	12.38
Operating Profit	0.68	0.69	0.62	1.10	0.94	0.77	0.63	1.46	0.97	0.81	1.01	1.44	0.54
OPM %	7.46%	9.70%	6.31%	13.51%	11.85%	11.03%	4.73%	9.32%	7.90%	10.07%	8.35%	8.25%	4.18%
Other Income +	0.00	0.01	0.07	0.01	0.03	0.00	0.04	0.01	0.04	0.14	0.04	0.52	0.20
Interest	0.01	0.06	0.06	0.19	0.06	0.02	0.08	0.10	0.06	0.02	0.02	0.01	0.02
Depreciation	0.04	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.04	0.09	0.09	0.09	0.09
Profit before tax	0.63	0.62	0.61	0.90	0.88	0.72	0.56	1.34	0.91	0.84	0.94	1.86	0.63
Tax %	25.40%	25.81%	24.59%	25.56%	26.14%	25.00%	25.00%	25.37%	26.37%	25.00%	25.53%	24.19%	30.16%
Net Profit +	0.47	0.46	0.45	0.67	0.65	0.53	0.42	1.00	0.67	0.63	0.71	1.42	0.45
EPS in Rs	0.31	0.31	0.30	0.45	0.43	0.35	0.28	0.67	0.45	0.42	0.47	0.95	0.30

Financials of Radix Industries

Profit & Loss

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	56.00	30.13	13.86	12.07	10.70	10.58	27.50	25.42	26.27	33.00	48.25	50.52
Expenses +	47.87	26.17	11.51	9.84	8.61	8.57	25.28	22.96	23.84	29.63	44.38	46.69
Operating Profit	8.13	3.96	2.35	2.23	2.09	2.01	2.22	2.46	2.43	3.37	3.87	3.83
OPM %	14.52%	13.14%	16.96%	18.48%	19.53%	19.00%	8.07%	9.68%	9.25%	10.21%	8.02%	7.58%
Other Income +	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.09	0.89
Interest	0.66	0.80	0.34	0.45	0.32	0.28	0.30	0.40	0.32	0.40	0.31	0.08
Depreciation	0.10	0.08	0.06	0.05	0.04	0.04	0.03	0.03	0.06	0.09	0.13	0.35
Profit before tax	7.38	3.08	1.95	1.73	1.73	1.69	1.89	2.03	2.05	3.01	3.52	4.29
Tax %	33.60%	34.09%	35.38%	27.17%	28.32%	30.18%	25.93%	25.62%	25.37%	25.58%	25.57%	25.41%
Net Profit +	4.90	2.03	1.25	1.26	1.25	1.19	1.41	1.51	1.53	2.23	2.63	3.20
EPS in Rs	3.27	1.35	0.83	0.84	0.83	0.79	0.94	1.01	1.02	1.49	1.75	2.13
Dividend Payout %	20.41%	49.26%	80.00%	79.37%	80.00%	63.07%	53.23%	99.40%	98.10%	33.65%	28.54%	23.45%

Financials of Radix Industries

Balance Sheet

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10.00	10.00	10.00	10.00	10.00	15.01	15.01	15.01	15.01	15.01	15.01	15.01
Reserves	4.63	5.46	6.71	6.77	6.81	1.79	2.44	3.20	3.23	3.96	5.84	8.29
Borrowings +	9.81	2.97	4.88	3.60	6.86	6.17	10.12	8.64	2.50	0.76	0.25	0.22
Other Liabilities +	3.69	1.36	0.47	0.11	0.07	0.15	0.20	0.20	0.05	0.07	0.10	0.07
Total Liabilities	28.13	19.79	22.06	20.48	23.74	23.12	27.77	27.05	20.79	19.80	21.20	23.59
Fixed Assets +	0.31	0.26	0.22	0.17	0.15	0.13	0.15	0.13	0.53	0.73	3.14	2.80
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.28	0.81	1.73	2.28	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets +	27.82	19.53	21.84	20.31	23.59	22.99	27.34	26.11	18.53	16.79	18.06	20.79
Total Assets	28.13	19.79	22.06	20.48	23.74	23.12	27.77	27.05	20.79	19.80	21.20	23.59

Financials of Radix Industries

Cash Flows

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-5.88	10.09	-1.54	3.20	-1.41	1.50	-2.60	4.95	7.72	4.17	7.53	6.57
Cash from Investing Activity +	-0.01	-0.02	-0.07	0.00	-0.02	-0.01	-0.33	-0.69	-1.10	-0.57	-0.19	0.80
Cash from Financing Activity +	5.82	-9.71	1.32	-2.89	1.76	-2.15	2.93	-2.62	-8.26	-3.59	-1.52	-0.86
Net Cash Flow	-0.08	0.36	-0.29	0.31	0.33	-0.65	0.00	1.64	-1.63	0.01	5.82	6.51
Free Cash Flow	-5.89	10.07	-1.61	3.20	-1.43	1.49	-2.93	4.42	6.66	3.33	7.27	6.56
CFO/OP	-42%	282%	-51%	182%	-43%	99%	-97%	226%	340%	147%	219%	200%

Financials of Radix Industries

Ratios

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	85.12	20.35	77.42	54.13	84.60	45.54	24.82	24.55	13.48	11.95	25.57	5.71
Inventory Days	94.05	233.49	612.05	732.86	965.22	1,105.83	382.78	377.90	287.36	204.98	73.99	59.58
Days Payable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle	179.18	253.84	689.48	786.99	1,049.82	1,151.37	407.60	402.46	300.84	216.93	99.56	65.29
Working Capital Days	92.68	178.56	428.73	486.26	538.97	569.92	223.25	249.27	227.31	177.52	90.63	59.39
ROCE %	41.52%	18.10%	11.44%	10.39%	9.31%	8.45%	8.67%	8.93%	9.96%	16.85%	18.76%	19.59%

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