Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Raghav Product.
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 + | 34 | 30 | 32 | 32 | 39 | 45 | 49 | 55 | 51 | 58 | 64 | 64 | 71 |
| Expenses + | 24 | 22 | 23 | 22 | 27 | 33 | 36 | 41 | 36 | 43 | 45 | 45 | 49 |
| Operating Profit | 10 | 8 | 10 | 10 | 12 | 12 | 13 | 14 | 14 | 16 | 19 | 19 | 21 |
| OPM % | 29% | 28% | 30% | 31% | 31% | 27% | 26% | 26% | 28% | 27% | 29% | 30% | 30% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 10 | 8 | 9 | 8 | 10 | 11 | 11 | 13 | 13 | 15 | 17 | 18 | 19 |
| Tax % | 25% | 25% | 27% | 27% | 23% | 23% | 23% | 22% | 23% | 21% | 20% | 22% | 22% |
| Net Profit + | 7 | 6 | 6 | 6 | 8 | 8 | 9 | 10 | 10 | 12 | 14 | 14 | 15 |
| EPS in Rs | 1.55 | 1.25 | 1.38 | 1.30 | 1.72 | 1.81 | 1.91 | 2.14 | 2.21 | 2.54 | 3.01 | 3.08 | 3.30 |
Financials of Raghav Product.
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 65 | 100 | 137 | 133 | 200 | 257 |
| Expenses + | 50 | 75 | 101 | 93 | 146 | 182 |
| Operating Profit | 15 | 25 | 36 | 40 | 54 | 75 |
| OPM % | 23% | 25% | 26% | 30% | 27% | 29% |
| Other Income + | 0 | 2 | 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 % | 25% | 24% | 25% | 25% | 23% | 21% |
| Net Profit + | 9 | 18 | 25 | 26 | 37 | 55 |
| EPS in Rs | 2.10 | 4.09 | 5.48 | 5.66 | 8.05 | 11.94 |
| Dividend Payout % | 6% | 6% | 5% | 8% | 12% | 8% |
Financials of Raghav Product.
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 23 | 46 | 46 |
| Reserves | 54 | 98 | 122 | 135 | 148 | 199 |
| Borrowings + | 0 | 6 | 10 | 9 | 7 | 5 |
| Other Liabilities + | 10 | 18 | 18 | 19 | 31 | 34 |
| Total Liabilities | 75 | 132 | 161 | 186 | 231 | 284 |
| Fixed Assets + | 28 | 27 | 27 | 88 | 93 | 98 |
| CWIP | 0 | 31 | 59 | 0 | 2 | 4 |
| Investments | 0 | 2 | 6 | 14 | 34 | 41 |
| Other Assets + | 47 | 73 | 69 | 84 | 102 | 141 |
| Total Assets | 75 | 132 | 161 | 186 | 231 | 284 |
Financials of Raghav Product.
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/OP | 92% | 56% | 77% | 74% | 86% | 70% |
Financials of Raghav Product.
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 | 186 |
| ROCE % | 26% | 26% | 23% | 26% | 31% |
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