---
title: "Raghav Industries Ltd (Under Liquidation) (526465) — Share Price, Financials & Analysis"
symbol: "526465"
company: "Raghav Industries Ltd (Under Liquidation)"
canonical: "https://tapetide.com/stocks/526465"
isin: "INE492C01017"
bse_code: "526465"
generated_at: "2026-10-13T10:59:42.541Z"
---

# Raghav Industries Ltd (Under Liquidation) (526465)

Canonical page: https://tapetide.com/stocks/526465

## Company

- **BSE Code:** 526465
- **ISIN:** INE492C01017
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Raghav Industries Limited is an India-based company that creates, produces and exports synthetic and cotton yarns.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.86 times its book value
- Debtor days have improved from 343 to 125 days.
- Company's working capital requirements have reduced from 560 days to 87.2 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.11% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y |
| --- | --- | --- |
| net income growth | -89% | -37% |
| revenue growth | 3% | 39% |

## 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 | 100.19 | 86.18 | 95.03 | 90.37 | 105.85 | 91.24 | 102.53 | 102.89 | 107.52 | 104.16 | 122.16 | 111.97 |
| Expenses | 91.13 | 77.55 | 85.55 | 80.87 | 96.12 | 82.23 | 92.73 | 93.09 | 97.53 | 94.35 | 110.29 | 100.81 |
| Operating Profit | 9.06 | 8.63 | 9.48 | 9.5 | 9.73 | 9.01 | 9.8 | 9.8 | 9.99 | 9.81 | 11.87 | 11.16 |
| OPM % | 9.04 | 10.01 | 9.98 | 10.51 | 9.19 | 9.88 | 9.56 | 9.52 | 9.29 | 9.42 | 9.72 | 9.97 |
| Other Income | 0.06 | 0.04 | 0.03 | 0.05 | 0.04 | 0.07 | 0.05 | 0.05 | 0.04 | 0.07 | 0.07 | -1.1 |
| Interest | 4.14 | 3.99 | 4.25 | 4.33 | 4.34 | 4.18 | 4.58 | 4.53 | 4.76 | 4.59 | 4.83 | 4.99 |
| Depreciation | 2.45 | 2.61 | 2.69 | 2.81 | 2.67 | 2.87 | 2.92 | 2.97 | 3.01 | 3.01 | 3.07 | 3.08 |
| Profit before tax | 2.53 | 2.07 | 2.57 | 2.41 | 2.76 | 2.03 | 2.35 | 2.35 | 2.26 | 2.28 | 4.04 | 1.99 |
| Tax % | 31.62 | 29.47 | 37.35 | 1.24 | -63.04 | 26.11 | 26.38 | 24.68 | 27.88 | 25.44 | 26.49 | 42.71 |
| Net Profit | 1.72 | 1.45 | 1.61 | 2.37 | 4.51 | 1.49 | 1.73 | 1.76 | 1.63 | 1.7 | 2.97 | 1.13 |
| EPS in Rs | 0.97 | 0.82 | 0.91 | 1.34 | 2.55 | 0.84 | 0.98 | 0.95 | 0.88 | 0.88 | 1.54 | 0.59 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Sales | 9.75 | 37.65 | 25.21 | 26 |
| Expenses | 9.7 | 43.02 | 27.13 | 25.8 |
| Operating Profit | 0.05 | -5.37 | -1.92 | 0.2 |
| OPM % | 0.51 | -14.26 | -7.62 | 0.77 |
| Other Income | 0.01 | 5.69 | 2.22 | 0 |
| Interest | 0 | 0.03 | 0.16 | 0.19 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 0.06 | 0.29 | 0.14 | 0.01 |
| Tax % | 33.33 | 34.48 | 35.71 | 0 |
| Net Profit | 0.04 | 0.19 | 0.09 | 0.01 |
| EPS in Rs | 0.02 | 0.1 | 0.05 | 0.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Equity Capital | 19.5 | 19.5 | 19.5 | 19.5 |
| Reserves | 65.29 | 65.49 | 65.56 | 65.55 |
| Borrowings | 2.4 | 1 | 1.5 | 1.5 |
| Other Liabilities | 3.8 | 4.66 | 2.21 | 4.14 |
| Total Liabilities | 90.99 | 90.65 | 88.77 | 90.69 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 32.44 | 45.11 | 3.96 | 80.32 |
| Other Assets | 58.55 | 45.54 | 84.81 | 10.37 |
| Total Assets | 90.99 | 90.65 | 88.77 | 90.69 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -54.96 | 14.07 | -41.65 | 76.37 |
| Cash from Investing Activity | 54.86 | -12.66 | 41.15 | -76.37 |
| Cash from Financing Activity | 0 | -1.4 | 0.5 | 0 |
| Net Cash Flow | -0.1 | 0.01 | 0 | 0 |
| Free Cash Flow | -54.96 | 14.07 | -41.65 | 0 |
| CFO/OP | -109920 | -262 | 2168 | 38190 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 |
| --- | --- | --- | --- | --- |
| Debtor Days | 993.55 | 0 | 561.91 | 124.52 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 993.55 | 0 | 561.91 | 124.52 |
| Working Capital Days | 2049.24 | 396.12 | 1195.62 | 87.18 |
| ROCE % | — | 0.37 | 0.35 | 0.23 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 57.78% | 57.78% | 57.81% | 58.16% | 58.28% | 58.31% | 58.38% | 59.23% | 61.4% | 62.94% |
| FIIs | 1.43% | 7.19% | 6.91% | 6.91% | 6.91% | 7.16% | 7.04% | 0.16% | 0.06% | 0% |
| DIIs | 0.11% | 0.06% | 0.03% | 2.73% | 2.73% | 1.88% | 1.88% | 1.21% | 0% | 0% |
| Public | 40.68% | 34.96% | 35.25% | 32.2% | 32.09% | 32.65% | 32.69% | 39.38% | 38.53% | 37.06% |
| No. of Shareholders | 9026 | 8633 | 8823 | 8229 | 8962 | 11966 | 10975 | 14091 | 14259 | 12909 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.38% | 58.38% | 58.9% | 58.9% | 59.23% | 59.83% | 59.69% | 61.4% | 61.4% | 62.94% | 62.94% | 62.94% |
| FIIs | 7.04% | 0.16% | 0.26% | 0.25% | 0.16% | 0.13% | 0.13% | 0.17% | 0.06% | 0.02% | 0% | 0% |
| DIIs | 1.88% | 1.88% | 1.88% | 1.88% | 1.21% | 1.21% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 32.69% | 39.58% | 38.96% | 38.98% | 39.38% | 38.82% | 40.18% | 38.44% | 38.53% | 37.05% | 37.06% | 37.06% |
| No. of Shareholders | 10975 | 11321 | 12975 | 12721 | 14091 | 13757 | 13084 | 14614 | 14259 | 13923 | 13475 | 12909 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.45 | Sell |
| EMA (10) | 7.25 | Sell |
| SMA (20) | 7.31 | Sell |
| EMA (20) | 7.3 | Sell |
| SMA (50) | 7.44 | Sell |
| EMA (50) | 7.46 | Sell |
| SMA (100) | 7.78 | Sell |
| EMA (100) | 7.67 | Sell |
| SMA (200) | 8.1 | Sell |
| EMA (200) | 7.93 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.41 | Neutral |
| MACD (12,26,9) | -0.06 | Sell |
| Stochastic (14,3,3) | 13.7 | Buy |
| ADX (14) | 21.11 | Neutral |
| Williams %R (14) | -91.1 | Buy |
| ATR (14) | 0.35 | High Volatility |
| ROC (12) | -1.85 | Sell |
| Stoch RSI (14) | 10.44 | Buy |
| UO (7,14,28) | 35 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a0f2b33b-45d6-46be-bb0b-fbba43d34faa.pdf) |
| 2026-02-19 | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot](https://www.bseindia.com/xml-data/corpfiling/AttachHis/89802ec6-ddd1-4c7f-bc10-43862c79b0db.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c03907dc-9ffa-49bd-a87b-b3bc1622c760.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14Th February, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/48bf184d-8cbb-4964-8bc9-d179bb65f990.pdf) |
| 2026-02-14 | [Un-Audited Consolidated And Standalone Financial Results For The Quarter And Nine Months Ended On December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ade6ca18-6a51-4158-8297-d7c9db5ae5fd.pdf) |
| 2026-02-03 | [Board Meeting Intimation for Consider And Approve The Un-Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended 31St December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c801747e-f74b-4fda-beb5-9d1f56a26fd3.pdf) |
| 2026-01-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0123c855-fd49-4586-92d4-188f4c082250.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/371d0a65-0202-4009-a42d-afa7dcb6bf33.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ded733d-7b1c-4e97-b120-d88daf33e1d1.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8787fcc0-f0af-43bf-8805-6a65c61a37ae.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/533161/74384533161.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/533161/70404533161.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/533161/5331610320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/533161/5331610319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/533161/5331610318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/533161/5331610317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/533161/5331610316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9f92361-1ec9-4891-963d-5a7b33871a17.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57bc9043-ffc0-4b53-a41f-f074d682afd1.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/44020a05-1fc4-4d4a-8a7a-75658799c938.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0f97536e-5dc5-4db2-9ca8-6ba02ddf40d2.pdf) |
| Aug 2023 | [Concall - Aug 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ff55eb62-bd47-47da-8b70-aab75b9eada1.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0c2d5c01-4062-46e1-b755-cd2488a9e4ac.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5a161181-c2e4-412e-a0bc-74097802746c.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dbdc0c88-7c28-43ea-8b14-a9ad7d618513.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/12738e34-fcb4-4259-a254-26137a3a52d7.pdf) |
| Aug 2022 | [Concall - Aug 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0d63290e-cdf0-4056-a3d1-4ec4969bcf3a.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-05-15 | Credit rating update — CRISIL |
| 2025-04-07 | Credit rating update — CARE Ratings |
| 2024-03-12 | Credit rating update — CRISIL |
| 2024-02-29 | Credit rating update — CRISIL |
| 2022-12-07 | Credit rating update — CRISIL |
| 2021-10-30 | Credit rating update — CRISIL |

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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 2026-10-13T10:59:42.541Z.