Raghav Productivity Enhancers Q2 FY27 Share Price & Earnings Call Analysis

₹1,737.20+4.76% today

Market cap: ₹7,978 Cr
P/E: 113.19
ROE: 24.27%
PEG: 3.99
Price to sales: 25.33
Debt to equity: 0.02
52W high / low: ₹1,885 / ₹566
Sales growth (5Y): 31.82%
EBITDA margin: 29.93%
Net profit margin: 20.68%
Promoter holding: 62.89%
Sales (last year): ₹315 Cr

All 12 ratios ↓

Incorporated in 2009, Raghav Productivity Enhancers Ltd manufactures ramming mass for induction furnaces and quartz powder. It sells its products under the brand name of “Raghav”.[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

See all potential multibaggers Where does Raghav Productivity Enhancers rank?

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

Peers

Industrial Products companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹448 Cr	17.9
2		40%+	Up 2%+	₹413 Cr	12.0
3		40%+	Up 2%+	₹324 Cr	22.7
4		40%+	Up 0–2%	₹1,496 Cr	32.8
5		40%+	Up 0–2%	₹1,079 Cr	12.7
6		40%+	Flat	₹827 Cr	21.4

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Financials of Raghav Productivity Enhancers

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

Shareholder Pattern

Raghav Productivity Enhancers

Shareholding breakup across reporting periods.

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters +	62.92%	62.92%	62.92%	62.92%	62.92%	62.92%	62.91%	62.91%	62.91%	62.91%	62.89%	62.89%
FIIs +	0.00%	0.00%	0.04%	0.01%	0.05%	0.18%	0.14%	0.15%	0.11%	0.36%	0.81%	0.55%
DIIs +	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.04%
Public +	37.08%	37.08%	37.04%	37.08%	37.03%	36.91%	36.96%	36.94%	36.98%	36.73%	36.28%	36.54%
No. of Shareholders	10,036	9,801	8,724	9,868	14,675	14,977	14,151	14,315	13,312	12,868	14,899	18,007

Financials of Raghav Productivity Enhancers

Quarterly Results

Quarter-by-quarter operating performance

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales +	32	32	39	45	49	55	51	58	64	64	71	87	93
Expenses +	23	22	27	33	36	41	36	43	45	45	49	61	65
Operating Profit	10	10	12	12	13	14	14	16	19	19	21	26	28
OPM %	30%	31%	31%	27%	26%	26%	28%	27%	29%	30%	30%	30%	30%
Other Income +	0	0	0	0	0	0	0	1	1	1	0	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	2	2	2	1	2	2	2	2	2	2	2	2
Profit before tax	9	8	10	11	11	13	13	15	17	18	19	25	27
Tax %	27%	27%	23%	23%	23%	22%	23%	21%	20%	22%	22%	21%	20%
Net Profit +	6	6	8	8	9	10	10	12	14	14	15	20	22
EPS in Rs	1.38	1.30	1.72	1.81	1.91	2.14	2.21	2.54	3.01	3.08	3.30	4.26	4.71

Financials of Raghav Productivity Enhancers

Profit & Loss

Annual income statement trend

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales +	65	100	137	133	200	257	315
Expenses +	50	75	101	93	146	182	221
Operating Profit	15	25	36	40	54	75	94
OPM %	23%	25%	26%	30%	27%	29%	30%
Other Income +	0	2	0	0	1	2	3
Interest	1	0	0	1	1	1	1
Depreciation	2	2	3	5	6	7	7
Profit before tax	12	24	34	35	48	70	89
Tax %	25%	24%	25%	25%	23%	21%
Net Profit +	9	18	25	26	37	55	70
EPS in Rs	2.10	4.09	5.48	5.66	8.05	11.94	15.35
Dividend Payout %	6%	6%	5%	8%	12%	8%

Financials of Raghav Productivity Enhancers

Balance Sheet

Capital structure and asset base

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital	11	11	11	23	46	46	46
Reserves	54	98	122	135	148	199	236
Borrowings +	0	6	10	9	7	5	5
Other Liabilities +	10	18	18	19	31	34	43
Total Liabilities	75	132	161	186	231	284	329
Fixed Assets +	28	27	27	88	93	98	95
CWIP	0	31	59	0	2	4	15
Investments	0	2	6	14	34	41	25
Other Assets +	47	73	69	84	102	141	193
Total Assets	75	132	161	186	231	284	329

Financials of Raghav Productivity Enhancers

Cash Flows

Operating, investing and financing cash movement

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	11	9	20	21	39	37
Cash from Investing Activity +	-13	-42	-24	-15	-30	-31
Cash from Financing Activity +	8	29	3	-3	-5	-7
Net Cash Flow	7	-4	-1	2	4	-1
Free Cash Flow	9	-26	-14	12	25	23
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	92%	56%	77%	74%	86%	70%

Financials of Raghav Productivity Enhancers

Ratios

Working capital efficiency and return ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	103	131	98	109	94	83
Inventory Days	149	166	159	260	223	272
Days Payable	75	130	99	121	114	100
Cash Conversion Cycle	177	167	159	248	202	255
Working Capital Days	130	115	125	162	119	129
ROCE %		26%	26%	23%	26%	30%

Momentum score · price trend

96 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

Period	Share price change	Better than … of 1,910 stocks
Last 12 months	+112.1%	95%
Last 6 months	+131.0%	98%
Last 3 months	+33.1%	94%

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Raghav Productivity Enhancers: 0.4 × 95 + 0.4 × 98 + 0.2 × 94 = 96.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What Raghav Productivity Enhancers's management said in earlier quarters

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