---
title: "Ras Extrusions Ltd (Merged) (523780) — Share Price, Financials & Analysis"
symbol: "523780"
company: "Ras Extrusions Ltd (Merged)"
canonical: "https://tapetide.com/stocks/523780"
isin: "INE014F01020"
bse_code: "523780"
generated_at: "2026-10-13T10:59:32.373Z"
---

# Ras Extrusions Ltd (Merged) (523780)

Canonical page: https://tapetide.com/stocks/523780

## Company

- **BSE Code:** 523780
- **ISIN:** INE014F01020
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | 106% | 31% |
| revenue growth | — | -70% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 277 | 217 | 292 | 321 | 362 | 258 | 389 | 444 | 428 | 278 | 311 | 303 |
| Expenses | 245 | 197 | 268 | 292 | 324 | 238 | 358 | 416 | 371 | 253 | 279 | 276 |
| Operating Profit | 32 | 20 | 24 | 29 | 38 | 20 | 32 | 28 | 57 | 25 | 31 | 28 |
| OPM % | 12 | 9 | 8 | 9 | 11 | 8 | 8 | 6 | 13 | 9 | 10 | 9 |
| Other Income | -1 | 1 | 9 | 9 | 8 | 9 | 7 | 7 | 3 | 4 | 23 | 4 |
| Interest | 9 | 9 | 8 | 8 | 9 | 8 | 11 | 10 | 9 | 9 | 7 | 6 |
| Depreciation | 5 | 5 | 5 | 6 | 6 | 7 | 7 | 10 | 10 | 11 | 11 | 11 |
| Profit before tax | 17 | 7 | 20 | 25 | 31 | 14 | 21 | 15 | 42 | 10 | 36 | 15 |
| Tax % | 27 | 23 | 26 | 25 | 26 | 25 | 26 | 27 | 26 | 26 | 12 | 25 |
| Net Profit | 13 | 5 | 15 | 18 | 23 | 11 | 15 | 11 | 31 | 7 | 32 | 11 |
| EPS in Rs | 2.38 | 0.94 | 1.85 | 2.33 | 2.87 | 1.34 | 1.95 | 1.39 | 3.91 | 0.94 | 4.05 | 1.41 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Sep 2006 6m | Mar 2007 6m | Sep 2008 18m | Sep 2009 | Sep 2010 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.25 | 1.67 | 1.06 | 0.5 | 0 | 0.03 |
| Expenses | 6.06 | 4.66 | 1.6 | 2.41 | 1.35 | 1.25 |
| Operating Profit | -0.81 | -2.99 | -0.54 | -1.91 | -1.35 | -1.22 |
| OPM % | -15.43 | -179.04 | -50.94 | -382 | — | -4066.67 |
| Other Income | 1.08 | 0.06 | 0.35 | 0.2 | 0.09 | 1.62 |
| Interest | 0.05 | 0.03 | 0.04 | 0.13 | 0.07 | 0.04 |
| Depreciation | 0.27 | 0.13 | 0.13 | 0.39 | 0.26 | 0.26 |
| Profit before tax | -0.05 | -3.09 | -0.36 | -2.23 | -1.59 | 0.1 |
| Tax % | 120 | 0.97 | 5.56 | 0.9 | 0 | 0 |
| Net Profit | -0.11 | -3.12 | -0.38 | -2.25 | -1.59 | 0.1 |
| EPS in Rs | — | — | — | — | — | 0.5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Sep 2006 | Mar 2007 | Sep 2008 | Sep 2009 | Sep 2010 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 2.05 |
| Reserves | -8.23 | -11.37 | -11.77 | -14.07 | -15.7 | -3.47 |
| Borrowings | 0.25 | 0.18 | 0.1 | 0.07 | 0.08 | 1.5 |
| Other Liabilities | 3.84 | 4.72 | 4.94 | 6.66 | 7.99 | 3.01 |
| Total Liabilities | 6.76 | 4.43 | 4.17 | 3.56 | 3.27 | 3.09 |
| Fixed Assets | 4.16 | 4.02 | 3.86 | 3.42 | 3.13 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2.6 | 0.41 | 0.31 | 0.14 | 0.14 | 0.09 |
| Total Assets | 6.76 | 4.43 | 4.17 | 3.56 | 3.27 | 3.09 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Sep 2006 | Mar 2007 | Sep 2008 | Sep 2009 | Sep 2010 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.29 | — | 0.09 | 0 | — | -4.53 |
| Cash from Investing Activity | 0.04 | — | 0 | 0 | — | -0.17 |
| Cash from Financing Activity | 0.25 | — | -0.08 | -0.02 | — | 4.73 |
| Net Cash Flow | 0 | — | 0.01 | -0.02 | — | 0.03 |
| Free Cash Flow | -0.29 | — | 0.09 | 0 | — | -4.7 |
| CFO/OP | 36 | — | -17 | 0 | — | 371 |

### Ratios

| Item | Mar 2006 | Sep 2006 | Mar 2007 | Sep 2008 | Sep 2009 | Sep 2010 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2.78 | 13.11 | 6.89 | 21.9 | — | 0 |
| Inventory Days | 16.42 | 52.9 | 56.78 | 0 | — | — |
| Days Payable | 128.66 | 404.67 | 482.61 | — | — | — |
| Cash Conversion Cycle | -109.46 | -338.66 | -418.95 | 21.9 | — | 0 |
| Working Capital Days | -87.6 | -944.19 | -1601.18 | -4759.6 | — | -35891.67 |
| ROCE % | — | — | -29.77 | — | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- |
| Promoters | 66.66% | 52.16% | 52.12% |
| FIIs | 7.04% | 2.38% | 0.47% |
| DIIs | 12.56% | 28.64% | 28.81% |
| Public | 13.73% | 16.81% | 18.59% |
| No. of Shareholders | 57978 | 108911 | 103765 |

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.66% | 66.66% | 66.66% | 66.66% | 66.66% | 52.16% | 52.16% | 52.16% | 52.12% | 52.12% | 52.12% |
| FIIs | 7.17% | 6.23% | 6.32% | 7.04% | 5.14% | 7.76% | 3.64% | 2.38% | 2.48% | 2.19% | 0.47% |
| DIIs | 12.18% | 12.28% | 11.22% | 12.56% | 17.44% | 27.77% | 29.41% | 28.64% | 28.16% | 28.74% | 28.81% |
| Public | 13.99% | 14.82% | 15.8% | 13.73% | 10.75% | 12.31% | 14.78% | 16.81% | 17.23% | 16.94% | 18.59% |
| No. of Shareholders | 44791 | 47883 | 59711 | 57978 | 77906 | 93934 | 105489 | 108911 | 110618 | 106970 | 103765 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 69.97 | Sell |
| EMA (10) | 70.35 | Sell |
| SMA (20) | 72.54 | Sell |
| EMA (20) | 72.38 | Sell |
| SMA (50) | 79.15 | Sell |
| EMA (50) | 76.37 | Sell |
| SMA (100) | 80.07 | Sell |
| EMA (100) | 78.62 | Sell |
| SMA (200) | 80.4 | Sell |
| EMA (200) | 84.15 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.32 | Neutral |
| MACD (12,26,9) | -2.73 | Sell |
| Stochastic (14,3,3) | 27.66 | Neutral |
| ADX (14) | 14.42 | Neutral |
| Williams %R (14) | -82.39 | Buy |
| ATR (14) | 3.51 | High Volatility |
| ROC (12) | -6.83 | Sell |
| Stoch RSI (14) | 33.66 | Neutral |
| UO (7,14,28) | 35.49 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b15f36d2-08e2-400e-a800-a56baf5ae340.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0fe9222-0e03-4c57-b4bf-0d983de62ebd.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be2a9058-28ce-40a2-8c23-9e0e8c3d3110.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4a52d9e-9685-40cc-89da-84010f88f16e.pdf) |
| 2026-02-06 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb91793d-6297-4c1e-bf95-4a5f56242449.pdf) |
| 2026-02-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5C17ECFA_1224_44F0_B179_79B9F5011561_095605.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachLive/91b4f565-df3f-4254-a979-bf8f498a0dd6.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report](https://www.bseindia.com/xml-data/corpfiling/AttachLive/00ced089-85b2-4c99-8798-c2997b485bb0.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20354fe7-51eb-4f68-afda-39f1743afde4.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0e720d2-4d98-4aa5-b694-faf4bccb8f2d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72680769-75a6-4dba-9a90-10903d5fee6b.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ee23ae2-3f45-49ac-bf40-c731fba1a68a.pdf) |
| Oct 2025 | [Concall - Oct 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c6fef92-a778-4694-9628-1359d05b9956.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04254daf-4ac5-4c74-8c81-8e412fc18ffc.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67137f4d-d30a-4bf8-876c-bbe898019720.pdf) |
| Jan 2025 | [Concall - Jan 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/359f9981-7864-4f06-986a-b8f2803c5c95.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8f52f07-af09-436b-b872-d5783a7f4b28.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eedb6fa5-1818-489b-b216-b68b0b7a8662.pdf) |
| Apr 2024 | [Concall - Apr 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ead1a323-ef11-4982-999c-eea10762db8c.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf78a483-afa6-4dba-bf64-dc769a9d0a48.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-09-22 | Credit rating update — CRISIL |
| 2024-10-14 | Credit rating update — CRISIL |
| 2023-11-01 | Credit rating update — CRISIL |
| 2023-07-12 | Credit rating update — CRISIL |
| 2020-04-01 | Credit rating update — India Ratings |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:32.373Z.