Any current/future new fundraising through debt or equity?

There is no direct mention of any current or future fundraising plans through debt or equity in the transcript. The company discussed its current debt level (around Rs. 600+ crores) and debt-equity ratio (around 0.44). They noted a recent credit rating upgrade from CRISIL (from A to A+), but significant interest rate benefits would be seen only upon moving to AA bracket. No explicit plans for raising fresh equity or debt were disclosed. Focus remains on efficient deployment of existing capital raised earlier (referenced capital raise in February). Working capital and debt levels are being moni

Future growth expectations in sales/revenue/volumes?

Rashi Peripherals has demonstrated consistent growth with a 20% CAGR over 20 years and 23% CAGR in the last three years. The company expects the Indian ICT industry to maintain double-digit growth driven by increased digitization. New verticals such as data centers, semiconductor, and visual display businesses are anticipated to contribute significantly to growth. Semiconductor vertical is expected to grow 3x to 4x in two years, supported by the Embedded Lab in Bangalore. The projects business (e.g., large NMDC and Tamil Nadu orders) adds to revenue but has lower margin and ROI than co

Future growth expectations in earnings/operating earnings/profits/EPS?

Rashi Peripherals has demonstrated a strong 20% CAGR over the last 20 years and 23% CAGR in the last three years, indicating consistent growth. The company foresees double-digit industry growth in the coming years driven by increased digitization and expanding ICT product consumption. Their semiconductor vertical is expected to grow at 3x to 4x the overall growth rate within two years, supported by the new Embedded Lab. Large projects like those with NMDC and Tamil Nadu contribute to top-line growth but may have lower margins, impacting overall profit margins. Existing core business margins an

Current/ Expected Orderbook/ Pending Orders?

Rashi Peripherals has a significant orderbook with large projects: - Received and executed a large NMDC data center order worth around Rs. 200-300 crore in Q1 FY25. - Recently secured another smaller order from NMDC, pending execution soon. - Secured a Tamil Nadu government education project involving installation of large-format displays, monitors, and PCs; order size is also in the three-digit crore range and execution has just started. These projects are part of their ongoing projects business vertical, which is tracked separately from core IT distribution. The company continues to se

Rashi PeripheralQ1 FY25IT - Hardware

Rashi Peripheral Q1 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹953P/E: 18.6Market Cap: ₹5.9K CrSector: IT - Hardware

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

Rashi Peripherals has demonstrated consistent growth with a 20% CAGR over 20 years and 23% CAGR in the last three years.
The company expects the Indian ICT industry to maintain double-digit growth driven by increased digitization.
New verticals such as data centers, semiconductor, and visual display businesses are anticipated to contribute significantly to growth.
Semiconductor vertical is expected to grow 3x to 4x in two years, supported by the Embedded Lab in Bangalore.
The projects business (e.g., large NMDC and Tamil Nadu orders) adds to revenue but has lower margin and ROI than core business.
Expanded branch network and channel business forums in over 40 cities aim to improve market penetration and customer base.
Rashi plans to add new global brands and deepen existing relationships to broaden product portfolio and increase revenues.

Margin guidance

Category 3

Rashi Peripherals has demonstrated a strong 20% CAGR over the last 20 years and 23% CAGR in the last three years, indicating consistent growth.
The company foresees double-digit industry growth in the coming years driven by increased digitization and expanding ICT product consumption.
Their semiconductor vertical is expected to grow at 3x to 4x the overall growth rate within two years, supported by the new Embedded Lab.
Large projects like those with NMDC and Tamil Nadu contribute to top-line growth but may have lower margins, impacting overall profit margins.
Existing core business margins and EBITDA remain stable around 5%, but projects have slightly lower margins with better ROIs due to efficient working capital management.
EPS grew by 18% quarter-on-quarter, and the company expects this growth momentum to continue alongside expansion of verticals like visual display and LOEM.
Overall, optimism remains for steady earnings, operating profits, and EPS growth in the near future through both core and project businesses.

See what Rashi Peripheral management said on margin guidance — free account, 30 seconds.

Fundraise plans

There is no direct mention of any current or future fundraising plans through debt or equity in the transcript.
The company discussed its current debt level (around Rs. 600+ crores) and debt-equity ratio (around 0.44).
They noted a recent credit rating upgrade from CRISIL (from A to A+), but significant interest rate benefits would be seen only upon moving to AA bracket.
No explicit plans for raising fresh equity or debt were disclosed.
Focus remains on efficient deployment of existing capital raised earlier (referenced capital raise in February).
Working capital and debt levels are being monitored offline and managed, with net debt largely stable quarter-on-quarter.
Overall, the company aims to grow organically and fund expansions from internal accruals based on current commentary.

Order book

Rashi Peripherals has a significant orderbook with large projects:
- Received and executed a large NMDC data center order worth around Rs. 200-300 crore in Q1 FY25.
- Recently secured another smaller order from NMDC, pending execution soon.
- Secured a Tamil Nadu government education project involving installation of large-format displays, monitors, and PCs; order size is also in the three-digit crore range and execution has just started.
These projects are part of their ongoing projects business vertical, which is tracked separately from core IT distribution.
The company continues to see consistent growth momentum fueled by these large orders alongside their existing business.
Management highlighted a pipeline of opportunities but will evaluate new prospects as they arise.

See what Rashi Peripheral management said on order book — free account, 30 seconds.

Capex plans

Yes

- Rashi Peripherals inaugurated an Embedded Laboratory in Bangalore as part of their Semiconductor vertical, enhancing testing capabilities and supporting faster growth in that segment. - The company plans to expand its branch network, currently analyzing viability and targeting opening a few more branches in the coming year to increase customer base and market penetration. - They continue investing in channel development via the Channel Business Forum in 40 cities beyond their existing 51-branch network, focusing on new markets with lower IT penetration. - Separate verticals such as the visual display business and LOEM (local original equipment manufacturer) vertical are being created to target newer product categories and local manufacturers, indicating strategic investment in expanding product portfolio. - Investments have also been made in implementing CRM systems for sales team efficiency, starting with the west and expanding nationwide. Overall, Rashi Peripherals is actively investing in infrastructure and strategic verticals to support growth and expand market reach.

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