Rashi Peripherals Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,574 Cr
- P/E
- 17.47
- ROE
- 14.73%
- PEG
- 0.56
- Price to sales
- 0.31
- Debt to equity
- 0.49
- 52W high / low
- ₹958 / ₹325
- Sales growth (5Y)
- 21.71%
- EBITDA margin
- 2.87%
- Net profit margin
- 1.78%
- Promoter holding
- 63.55%
- Sales (last year)
- ₹17,777 Cr
Incorporated in 1989, Rashi Peripherals Ltd operates in ICT product distribution business and after-sale services[1]
Guidance scorecard · Q1 FY27 call
What Rashi Peripherals Ltd's management guided
and where it ranks in IT - Hardware
IT - Hardware
RevenueQ1 FY27 call
20–40%- Q1 FY27 saw 60% year-on-year growth; Q2 is expected to have a similar growth trend (around 60%).
- Growth drivers include price increases (~30-35%), new products/brands (5-10%), and volume increases (20-25%) with ~10% market share gain.
- Despite supply constraints, demand remains strong, with high channel inventories anticipating good sales in coming quarters.
- Target for the Semiconductor JV revenue is more than US$100 million within 3 years, with a higher margin profile.
- Long-term sustained growth expected; management is confident of maintaining ~20% CAGR over 20+ years despite industry fluctuations.
2 more points from Rashi Peripherals Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Rashi Peripherals Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Rashi Peripherals has made a strategic acquisition of a 67% stake in VDA, focused on design, pre-sales, post-sales, and managed services, aiming for substantial growth and value creation over the next 2-3 years.
- The company formed a joint venture (JV) named Rashi Restar Semiconductor Solutions Pvt. Ltd. with Restar Japan, targeting semiconductor distribution with a goal to exceed US$100 million revenue from the JV within three years.
- Restar's monetary investment in the JV will depend on a fair market valuation at the time of the share purchase agreement, so precise capital infusion details are yet premature.
2 more points from Rashi Peripherals Ltd's call on capex
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FundraisingQ1 FY27 call
See what Rashi Peripherals Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Strong demand indicated for upcoming quarters (Q2 and Q3), supported by high inventory levels at channel partners suggesting good sales visibility.
- Management optimistic about continued growth momentum in Q2 and beyond.
- Robust pipeline of large AI data center projects underway, with opportunities expected to unfold over next three quarters.
- Selective participation in large capital-intensive deals to maintain working capital efficiency.
2 more points from Rashi Peripherals Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Hardware
on management's own guidance
- Marushika Tech.Moderate growth2
- 1
- Control PrintModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Hardware companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Rashi Peripherals LtdThis stock | 20–40% | Flat | ₹5,753 Cr | 18.0 |
| 2 | Marushika Tech. | 10–20% | Up 2%+ | ₹101 Cr | 11.2 |
| 3 | Control Print | 10–20% | Up 0–2% | ₹947 Cr | 24.3 |
| 4 | 10–20% | Flat | ₹734 Cr | — | |
| 5 | 10–20% | Flat | ₹149 Cr | 20.2 |
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Pro shows every company guiding 40%+ revenue growth →Full IT - Hardware rankingFinancials of Rashi Peripherals Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Rashi Peripherals Ltd
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 + | 2,259 | 2,446 | 3,023 | 2,624 | 3,002 | 4,267 | 3,706 | 2,826 | 2,973 | 3,152 | 4,155 | 4,030 | 4,489 |
| Expenses + | 2,197 | 2,354 | 2,953 | 2,560 | 2,934 | 4,184 | 3,607 | 2,805 | 2,879 | 3,049 | 4,052 | 3,911 | 4,357 |
| Operating Profit | 62 | 92 | 69 | 64 | 68 | 83 | 99 | 21 | 94 | 104 | 104 | 119 | 133 |
| OPM % | 3% | 4% | 2% | 2% | 2% | 2% | 3% | 1% | 3% | 3% | 2% | 3% | 3% |
| Other Income + | 3 | 4 | 1 | 4 | 16 | 7 | 5 | 48 | 5 | 8 | 4 | 12 | 16 |
| Interest | 23 | 25 | 29 | 30 | 23 | 14 | 17 | 23 | 24 | 27 | 24 | 26 | 29 |
| Depreciation | 5 | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 4 | 5 | 6 | 6 |
| Profit before tax | 37 | 67 | 36 | 34 | 56 | 73 | 83 | 43 | 71 | 80 | 79 | 99 | 114 |
| Tax % | 35% | 25% | 39% | 26% | 15% | 24% | 16% | 25% | 25% | 23% | 25% | 24% | 24% |
| Net Profit + | 24 | 50 | 22 | 25 | 47 | 55 | 70 | 32 | 53 | 62 | 59 | 75 | 87 |
| EPS in Rs | 6.04 | 8.38 | 10.58 | 4.83 | 7.78 | 9.31 | 8.88 | 11.16 | 12.78 |
Financials of Rashi Peripherals Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 3,991 | 3,934 | 5,925 | 9,313 | 9,454 | 11,095 | 13,773 | 15,827 |
| Expenses + | 3,932 | 3,847 | 5,713 | 9,012 | 9,198 | 10,798 | 13,468 | 15,369 |
| Operating Profit | 59 | 87 | 212 | 301 | 256 | 297 | 305 | 459 |
| OPM % | 1% | 2% | 4% | 3% | 3% | 3% | 2% | 3% |
| Other Income + | 5 | 8 | 5 | 8 | 15 | 25 | 63 | 41 |
| Interest | 18 | 36 | 31 | 58 | 90 | 111 | 82 | 106 |
| Depreciation | 3 | 8 | 8 | 12 | 17 | 19 | 17 | 22 |
| Profit before tax | 44 | 51 | 179 | 240 | 165 | 192 | 269 | 371 |
| Tax % | 35% | 25% | 24% | 24% | 25% | 25% | 22% | 24% |
| Net Profit + | 29 | 38 | 136 | 183 | 123 | 144 | 210 | 282 |
| EPS in Rs | 21.43 | 31.57 | 42.12 | |||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 2% | 5% | 3% | 5% |
Financials of Rashi Peripherals Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.99 | 1 | 1 | 21 | 21 | 33 | 33 | 33 |
| Reserves | 195 | 262 | 393 | 554 | 679 | 1,518 | 1,709 | 1,992 |
| Borrowings + | 370 | 327 | 490 | 882 | 1,082 | 700 | 910 | 991 |
| Other Liabilities + | 401 | 494 | 708 | 1,209 | 1,010 | 1,569 | 1,610 | 2,312 |
| Total Liabilities | 967 | 1,084 | 1,593 | 2,666 | 2,793 | 3,819 | 4,262 | 5,327 |
| Fixed Assets + | 24 | 60 | 62 | 70 | 77 | 71 | 63 | 80 |
| CWIP | 0 | 1 | 3 | 0 | 4 | 0 | 0 | 0 |
| Investments | 13 | 2 | 0 | 7 | 6 | 0 | 0 | 0 |
| Other Assets + | 929 | 1,020 | 1,527 | 2,588 | 2,706 | 3,748 | 4,198 | 5,247 |
| Total Assets | 967 | 1,084 | 1,593 | 2,666 | 2,793 | 3,819 | 4,262 | 5,327 |
Financials of Rashi Peripherals Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -26 | 82 | -109 | -315 | -115 | -102 | -299 | 114 |
| Cash from Investing Activity + | -7 | 3 | -1 | -6 | -4 | 1 | 53 | 19 |
| Cash from Financing Activity + | 33 | -81 | 134 | 338 | 108 | 211 | 123 | -80 |
| Net Cash Flow | -0 | 4 | 24 | 16 | -11 | 110 | -123 | 53 |
| Free Cash Flow | -36 | 79 | -115 | -327 | -126 | -109 | -307 | 106 |
| CFO/OP | -19% | 110% | -35% | -80% | -24% | -18% | -86% | 42% |
Financials of Rashi Peripherals Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 39 | 49 | 45 | 34 | 46 | 48 | 50 |
| Inventory Days | 32 | 48 | 37 | 50 | 61 | 63 | 56 | 62 |
| Days Payable | 37 | 44 | 43 | 47 | 39 | 52 | 43 | 53 |
| Cash Conversion Cycle | 42 | 43 | 43 | 48 | 56 | 57 | 60 | 60 |
| Working Capital Days | 15 | 18 | 22 | 19 | 23 | 43 | 44 | 43 |
| ROCE % | 15% | 28% | 25% | 16% | 14% | 14% | 17% |
Guidance history
How Rashi Peripherals Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | — | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | None planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
90 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 | +148.8% | 96% |
| Last 6 months | +83.1% | 95% |
| Last 3 months | +3.2% | 69% |
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 Rashi Peripherals Ltd: 0.4 × 96 + 0.4 × 95 + 0.2 × 69 = 90.
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 29 Oct 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.
Continue your research
What Rashi Peripherals Ltd's management said in earlier quarters
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