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Rasi Electrodes

531233 BSE
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Rasi Electrodes (RASIELEC) share price was ₹12.50 at the 28 Oct 2026 close; market capitalisation ₹38.96 Cr; P/E (TTM) 10.87; sector Capital Goods. The share price fell 30.9% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 9.2% year on year to ₹17.64 Cr and net profit rose 5.6% year on year to ₹1.33 Cr (compared with Jun 2025). Promoters held 27.96% of Rasi Electrodes in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 62/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹12.50 −5.71 −31.36% 1Y

Key Fundamentals

MicrocapIndustrial ManufacturingCapital Goods
Market Cap
₹38.96 Cr
P/E (TTM)
10.87
EBITDA
₹5.40 Cr
Return on Equity
9.05%
Debt to Equity
0
Book Value
₹12.48
EPS (TTM)
₹1.15
52W High
₹18.80
52W Low
₹9.27

Price-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM

Peer Comparison

Industrials › Capital Goods › Industrial Products

Aditya Infotech
₹3,935.7097.0146,560 Cr14.290.04%19.61%25.98%4,896 Cr477 Cr
Syrma SGS
₹1,648.5086.3131,788 Cr11.110.10%11.28%14.83%5,510 Cr401 Cr
Honeywell Automation
₹30,185.0048.4326,688 Cr5.720.35%11.76%15.68%4,959 Cr552 Cr
Jyoti CNC Automation
₹958.4067.7821,796 Cr10.890.00%16.79%22.04%2,236 Cr323 Cr
Kaynes Technology India
₹3,203.4062.1221,474 Cr4.530.00%7.64%12.03%4,043 Cr345 Cr
LMW
₹16,483.00100.7517,609 Cr5.790.21%4.56%5.85%3,824 Cr176 Cr
Rasi Electrodes (this company)
—10.8739 Cr1.001.60%9.05%12.14%72 Cr4 Cr
Median 7 companies₹3,569.5567.7821,796 Cr5.790.10%11.28%14.83%4,043 Cr345 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

62 Good
Overall score

Data confidence 98/100

Category scores

Quality Strong 68
Returns, margins, earnings quality 22% weight
Valuation Strong 78
Cheap vs sector & own history 24% weight
Growth Poor 20
Sales & profit trajectory 9% weight
Financial Health Strong 88
Solvency, leverage, coverage 9% weight
Momentum Average 47
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.04 times its book value

Weaknesses

3
  • Promoter holding is low: 28.0%
  • Company has a low return on equity of 8.63% over last 3 years.
  • Earnings include an other income of Rs.1.72 Cr.

Technical Indicators

Oscillators

Bearish

Bearish
2
Neutral
6
Bullish
1

Overall

Bearish

Bearish
12
Neutral
6
Bullish
1

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-10.33% lower than 3Y

change over 1 year

Net Income Growth
29.63% higher than 3Y

change over 1 year

Cash Flow Change
40.7%

change over 1 year

EBITDA Margin Change
31.6%

change over 1 year Operating margin 9.13% · Jun 2026

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
18.8
21.55
20.75
22.74
21.25
20.63
19.33
20.23
19.42
16.78
17.25
18.56
17.64
Expenses
18.13
20.2
19.83
21.62
19.93
19.39
19
19.42
17.97
16.01
16.2
18.21
16.03
Operating Profit
0.67
1.35
0.92
1.12
1.32
1.24
0.33
0.81
1.45
0.77
1.05
0.35
1.61
OPM %
3.56%
6.26%
4.43%
4.93%
6.21%
6.01%
1.71%
4%
7.47%
4.59%
6.09%
1.89%
9.13%
Other Income
0.27
0.06
0.28
0.44
0.07
0.29
0.25
0.26
0.37
0.49
0.15
0.78
0.3
Interest
0.07
0.01
0.06
0.03
0.04
0.02
0.04
0.03
0.01
0
0
0.03
0
Depreciation
0.15
0.15
0.15
0.33
0.2
0.2
0.2
0.08
0.2
0.2
0.2
-0.02
0.2
PBT
0.72
1.25
0.99
1.2
1.15
1.31
0.34
0.96
1.61
1.06
1
1.12
1.71
Tax %
22.22%
24.8%
25.25%
19.17%
5.22%
38.17%
47.06%
31.25%
21.74%
27.36%
26%
33.04%
22.22%
Net Profit
0.56
0.93
0.74
0.97
1.09
0.8
0.17
0.67
1.26
0.76
0.74
0.76
1.33
EPS (₹)
0.18
0.3
0.24
0.31
0.35
0.26
0.05
0.22
0.4
0.24
0.24
0.24
0.43
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
23.29
23.08
26.84
34.24
47.43
45.96
39.45
68.38
87.53
83.83
81.44
72.02
70.23
Expenses
21.31
20.89
24.68
32.63
44.7
44.55
37.17
65.63
83.64
79.76
77.67
68.39
66.45
Operating Profit
1.98
2.19
2.16
1.61
2.73
1.41
2.28
2.75
3.89
4.07
3.77
3.63
3.78
OPM %
8.5%
9.49%
8.05%
4.7%
5.76%
3.07%
5.78%
4.02%
4.44%
4.86%
4.63%
5.04%
5.38%
Other Income
0.55
0.69
0.57
0.62
0.54
0.71
0.85
1.17
1.42
1.05
0.81
1.79
1.72
Interest
0.44
0.38
0.49
0.71
0.68
0.46
0.37
0.46
0.46
0.18
0.14
0.05
0.03
Depreciation
0.6
0.8
0.82
0.68
0.82
0.88
0.75
0.68
0.68
0.78
0.68
0.58
0.58
PBT
1.49
1.7
1.42
0.84
1.77
0.78
2.01
2.78
4.17
4.16
3.76
4.79
4.89
Tax %
36.91%
40.59%
40.14%
-1.19%
42.37%
34.62%
32.84%
26.62%
28.06%
22.84%
27.39%
26.51%
—
Net Profit
0.94
1.01
0.85
0.85
1.02
0.51
1.36
2.05
3.01
3.2
2.74
3.52
3.59
EPS (₹)
0.31
0.32
0.27
0.27
0.33
0.16
0.44
0.66
0.97
1.03
0.88
1.13
1.15
Div. Payout %
32.77%
30.84%
36.65%
0%
0%
0%
0%
0%
0%
0%
0%
17.7%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6.16
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
6.23
Reserves
13.58
14.44
14.8
15.61
16.58
17.05
18.24
20.21
23.2
26.36
29.04
32.63
Borrowings
3.17
5.34
4.47
5.47
5.66
2.46
5.47
9.56
3.18
1.3
1.04
0.1
Other Liabilities
2.36
1.75
1.91
2.15
2.47
2.83
2.72
2.29
2.02
3.42
2.82
2.24
Total Liabilities
25.27
27.76
27.41
29.46
30.94
28.57
32.66
38.29
34.63
37.31
39.13
41.2
Fixed Assets
6.29
6.5
5.99
5.85
6.87
7.12
6.47
6.29
6.74
6.88
6.48
5.97
CWIP
0.13
0
0.04
0
0
0.04
0
0.01
0
0
0
0.33
Investments
0.02
0.79
0.76
0.47
0.44
0.21
0.32
0.54
0.51
0.75
2.09
2.35
Other Assets
18.83
20.47
20.62
23.14
23.63
21.2
25.87
31.45
27.38
29.68
30.56
32.55
Total Assets
25.27
27.76
27.41
29.46
30.94
28.57
32.66
38.29
34.63
37.31
39.13
41.2
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-3.25
0.02
-0.5
-0.25
1.54
4.38
-2.42
-3.9
7.5
4.4
4.57
6.43
Investing
-2.83
-1.34
-0.36
0.2
-1.43
-0.81
0.39
-0.34
-0.85
-0.58
-1.1
0.45
Financing
5.98
1.63
-1.38
0.29
-0.49
-3.66
2.63
3.63
-6.84
-2.06
-0.4
-0.99
Net Cash Flow
-0.09
0.31
-2.24
0.25
-0.38
-0.09
0.6
-0.61
-0.18
1.76
3.07
5.89
Free Cash Flow
-6.59
-1
-0.85
-0.74
-0.3
3.22
-2.42
-4.42
6.38
3.54
4.23
6.04
CFO/OP
-164
16
1
4
80
330
-86
-116
222
136
149
212
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
98.42
98.68
109
101
79.96
80.21
110
81.19
60.42
62.87
63.46
57.72
Inventory Days
83.3
110
104
76.68
64.62
69.48
103
74.58
48.16
42.01
43.11
43.67
Days Payable
16.11
3.83
8.8
12.71
13.05
14.11
8.65
0.9
0.1
5.39
2.27
1.2
Cash Conversion Cycle
166
204
204
165
132
136
205
155
108
99.49
104
100
Working Capital Days
170
170
191
157
118
126
161
107
95.12
103
100
101
ROCE %
9.61%
8.54%
7.42%
5.19%
9%
4.65%
8.19%
9.58%
13.5%
12.84%
10.85%
11.82%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Rasi Electrodes insights

60 extracted metrics + investor summaries across FY09–FY27.

Shareholding Pattern

Public56.16%Others15.88%Promot.27.96%As ofSep 2026

Documents

1
Concall - Aug 2024 Aug 2024
2
Concall - May 2024 May 2024
3
Concall - Jan 2024 Jan 2024
4
Concall - Nov 2023 Nov 2023
5
Concall - Aug 2023 Aug 2023

Frequently Asked Questions about Rasi Electrodes

What does Rasi Electrodes Ltd do?
Incorporated in 1995, Rasi Electrodes Ltd is a manufacturer of Mild Steel Electrodes and Copper Coated Welding wires[1]
Where is Rasi Electrodes Ltd (RASIELEC) listed?
Rasi Electrodes Ltd trades under code 531233 on the BSE.
Which sector does Rasi Electrodes Ltd belong to?
Rasi Electrodes Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Rasi Electrodes Ltd?
Rasi Electrodes Ltd has a market capitalisation of ₹38.96 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Rasi Electrodes Ltd?
Rasi Electrodes Ltd trades at a PE ratio of 10.87 as of 28 Oct 2026, on earnings per share of ₹1.15, against a book value of ₹12.48 per share.
What is the 52-week high and low of Rasi Electrodes Ltd?
Over the last 52 weeks Rasi Electrodes Ltd has traded between ₹9.27 and ₹18.8 as of 28 Oct 2026.
Does Rasi Electrodes Ltd pay dividends?
Rasi Electrodes Ltd has a dividend yield of 1.60%.
What is the Return on Equity (ROE) of Rasi Electrodes Ltd?
Rasi Electrodes Ltd reported a return on equity of 9.05%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1995, Rasi Electrodes Ltd is a manufacturer of Mild Steel Electrodes and Copper Coated Welding wires[1]

Website rasielectrodes.com
Face Value ₹ 2
Shares Outstanding 3,11,67,827

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