Arthneeti

Rays of Belief Share Price & Earnings Call Analysis

₹247.56-3.81% today
Market cap
₹517 Cr
P/E
62.42
ROE
16.10%
Price to sales
6.34
Debt to equity
0.30
EBITDA margin
15.14%
Net profit margin
6.07%
Promoter holding
68.77%
Sales (last year)
₹82 Cr

Potential multibaggers · Q2 FY27

This quarter's potential multibaggers
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Rays of Belief rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

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

Financials of Rays of Belief

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

Shareholder Pattern

Rays of Belief

Shareholding breakup across reporting periods.

Sep 2026
Promoters +68.77%
FIIs +8.34%
DIIs +11.24%
Public +11.65%
No. of Shareholders9,400

Financials of Rays of Belief

Quarterly Results

Quarter-by-quarter operating performance

Jun 2025Mar 2026Jun 2026
Sales +10.7125.0125.31
Expenses +10.2420.2320.29
Operating Profit0.474.785.02
OPM %4.39%19.11%19.83%
Other Income +0.060.130.05
Interest0.180.270.24
Depreciation0.711.221.08
Profit before tax-0.363.423.75
Tax %47.22%30.41%25.87%
Net Profit +-0.542.392.79
EPS in Rs-0.351.531.78

Financials of Rays of Belief

Profit & Loss

Annual income statement trend

Mar 2026
Sales +81.66
Expenses +69.30
Operating Profit12.36
OPM %15.14%
Other Income +0.40
Interest1.54
Depreciation4.31
Profit before tax6.91
Tax %28.08%
Net Profit +4.96
EPS in Rs3.18
Dividend Payout %0.00%

Financials of Rays of Belief

Balance Sheet

Capital structure and asset base

Mar 2026
Equity Capital15.59
Reserves15.22
Borrowings +9.33
Other Liabilities +10.73
Total Liabilities50.87
Fixed Assets +12.23
CWIP0.00
Investments0.00
Other Assets +38.64
Total Assets50.87

Financials of Rays of Belief

Cash Flows

Operating, investing and financing cash movement

Mar 2026
Cash from Operating Activity +-1.94
Cash from Investing Activity +-6.18
Cash from Financing Activity +6.04
Net Cash Flow-2.09
Free Cash Flow-2.77
CFO/OP-15%

Financials of Rays of Belief

Ratios

Working capital efficiency and return ratios

Mar 2026
Debtor Days80.86
Inventory Days
Days Payable
Cash Conversion Cycle80.86
Working Capital Days57.66
ROCE %