---
title: "Royal Arc Electrodes Ltd (ROYALARC) — Share Price, Financials & Analysis"
symbol: "ROYALARC"
company: "Royal Arc Electrodes Ltd"
canonical: "https://tapetide.com/stocks/ROYALARC"
isin: "INE0EO401019"
nse_symbol: "ROYALARC"
sector: "Industrial Products"
industry: "Electrodes & Refractories"
market_cap_cr: 170.94
generated_at: "2026-09-13T19:24:28.502Z"
---

# Royal Arc Electrodes Ltd (ROYALARC)

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

## Company

- **NSE Symbol:** ROYALARC
- **ISIN:** INE0EO401019
- **Sector:** Industrial Products
- **Industry:** Electrodes & Refractories
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-24
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** royalarc.in

## About

Incorporated in 1996, Royalarc Electrodes Limited is engaged in manufacturing welding consumables such as welding electrodes, flux cored wire, and MIG/TIG wires.[1]

## Latest Price

- **Price:** ₹154
- **Change:** 0 (0%)
- **Open:** ₹154.4
- **Day High:** ₹154.4
- **Day Low:** ₹154
- **Previous Close:** ₹154
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:48.348579Z.

- **Market Cap:** ₹170.94 Cr
- **Classification:** SME
- **P/E (reported):** 17
- **Book Value:** ₹73.22
- **Price to Book:** 2.1
- **Dividend Yield:** 0.65%
- **ROE:** 12.55%
- **ROCE:** 16.74%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹116.06 Cr
- **Net Income:** ₹9.87 Cr
- **EBITDA:** ₹15.44 Cr
- **52-Week High:** ₹197
- **52-Week Low:** ₹126.5
- **RSI (14):** 36.87

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -26.16% | -67.04% | -43.31% |
| ebitda margin growth | -14.73% | -27.29% | 52.63% |
| net income growth | 9.67% | 1% | 43% |
| revenue growth | 13.45% | 6% | 22% |
| roce | -55.24% | -59.91% | 24.95% |
| roe | -55.51% | 24.1% | 50.66% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 46 | 56 | 53 | 63 |
| Expenses | 40 | 46 | 46 | 55 |
| Operating Profit | 5 | 10 | 7 | 9 |
| OPM % | 12 | 17 | 13 | 14 |
| Other Income | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 2 | 2 | 2 |
| Profit before tax | 4 | 8 | 6 | 8 |
| Tax % | 27 | 24 | 25 | 27 |
| Net Profit | 3 | 6 | 4 | 6 |
| EPS in Rs | 3.38 | 5.29 | 3.88 | 5.16 |

### Profit & Loss

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

| Item | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 65 | 64 | 64 | 43 | 63 | 97 | 100 | 102 | 116 |
| Expenses | 59 | 58 | 61 | 40 | 59 | 82 | 83 | 87 | 101 |
| Operating Profit | 6 | 6 | 3 | 3 | 4 | 15 | 17 | 15 | 15 |
| OPM % | 9 | 9 | 5 | 7 | 6 | 15 | 17 | 15 | 13 |
| Other Income | 0 | 0 | 1 | 2 | 2 | 1 | 1 | 0 | 2 |
| Interest | 3 | 3 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Profit before tax | 2 | 2 | 2 | 2 | 3 | 13 | 16 | 12 | 14 |
| Tax % | 37 | 34 | 23 | 27 | 25 | 27 | 26 | 25 | 26 |
| Net Profit | 1 | 1 | 1 | 2 | 2 | 10 | 12 | 9 | 10 |
| EPS in Rs | 5.33 | 6.48 | 6.54 | 8.63 | 11.65 | 52.58 | 13.04 | 8.12 | 9.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |

### Balance Sheet

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

| Item | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 2 | 2 | 9 | 11 | 11 |
| Reserves | 9 | 11 | 15 | 17 | 19 | 29 | 33 | 61 | 70 |
| Borrowings | 28 | 24 | 12 | 8 | 8 | 1 | 0 | 1 | 0 |
| Other Liabilities | 13 | 12 | 10 | 12 | 14 | 12 | 10 | 8 | 10 |
| Total Liabilities | 52 | 48 | 39 | 39 | 42 | 44 | 52 | 81 | 91 |
| Fixed Assets | 21 | 18 | 15 | 16 | 15 | 14 | 18 | 21 | 25 |
| CWIP | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 2 |
| Other Assets | 30 | 30 | 25 | 24 | 28 | 29 | 33 | 57 | 59 |
| Total Assets | 52 | 48 | 39 | 39 | 42 | 44 | 52 | 81 | 91 |

### Cash Flow

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

| Item | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 3 | 6 | 7 | 2 | 13 | 6 | 4 | 8 |
| Cash from Investing Activity | -8 | 2 | 1 | -3 | -1 | -2 | -6 | -7 | -11 |
| Cash from Financing Activity | -1 | -5 | -8 | -5 | -2 | -7 | -2 | 21 | -1 |
| Net Cash Flow | -2 | 0 | -2 | 0 | 0 | 3 | -2 | 18 | -5 |
| Free Cash Flow | -1 | 2 | 6 | 5 | 1 | 11 | 1 | -4 | -4 |
| CFO/OP | 132 | 51 | 176 | 252 | 77 | 88 | 56 | 49 | 73 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 56 | 61 | 61 | 90 | 76 | 62 | 75 | 75 | 81 |
| Inventory Days | 104 | 104 | 83 | 102 | 84 | 33 | 50 | 75 | 57 |
| Days Payable | 76 | 69 | 55 | 95 | 79 | 42 | 30 | 25 | 7 |
| Cash Conversion Cycle | 83 | 96 | 90 | 97 | 81 | 53 | 96 | 125 | 132 |
| Working Capital Days | 96 | 103 | 40 | 67 | 51 | 52 | 82 | 106 | 112 |
| ROCE % | — | 12 | — | 12 | 14 | 46 | 44 | 22 | 18 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 72.96% | 72.96% | 72.96% |
| FIIs | 7.14% | 5.24% | 5.57% |
| DIIs | 0% | 0% | 0% |
| Government | 0% | 0% | 0% |
| Public | 10.36% | 11.04% | 10.71% |
| Others | 9.54% | 10.76% | 10.76% |
| No. of Shareholders | 488 | 397 | 375 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 171.7 | Sell |
| EMA (10) | 167.37 | Sell |
| SMA (20) | 170.01 | Sell |
| EMA (20) | 167.12 | Sell |
| SMA (50) | 159.17 | Sell |
| EMA (50) | 162.29 | Sell |
| SMA (100) | 157.7 | Sell |
| EMA (100) | 159.53 | Sell |
| SMA (200) | 157.09 | Sell |
| EMA (200) | 157.01 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 36.81 | Neutral |
| MACD (12,26,9) | 1.92 | Sell |
| Stochastic (14,3,3) | 10.26 | Buy |
| ADX (14) | 32.21 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 4.94 | High Volatility |
| ROC (12) | -12.67 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 19.43 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Certificate under Regulation 74(5) confirming demat/remat details for quarter ended December 31, 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Certificate under Regulation 74(5) confirming demat/remat details for quarter ended December 31, 2025.](https://nsearchives.nseindia.com/corporate/ROYALARC_08012026224932_Covering_Letter_74_5__31122025_RAEL.pdf) |
| 5 June 2026 - Annual disclosure of promoter and promoter group share encumbrance as on March 31, 2026. | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Annual disclosure of promoter and promoter group share encumbrance as on March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_22042026152716_ROYALARC.pdf) |
| 5 Aug - Newspaper ads published for 30th AGM, remote e-voting, and record date August 21, 2026 for final dividend. | [Copy of Newspaper Publication 5 Aug - Newspaper ads published for 30th AGM, remote e-voting, and record date August 21, 2026 for final dividend.](https://nsearchives.nseindia.com/corporate/ROYALARC_05082026111055_Letter_to_NSE_Newspaper_Ad_30_AGM.pdf) |
| 4 Aug - Record date August 21, 2026 for final dividend; AGM on August 28, 2026. | [Record Date 4 Aug - Record date August 21, 2026 for final dividend; AGM on August 28, 2026.](https://nsearchives.nseindia.com/corporate/ROYALARC_04082026131053_Intimation_to_NSE_for_Record_Date_Dividend.pdf) |
| 4 Aug - 30th AGM on 28 Aug 2026; final dividend, director reappointments, and e-voting from 25–27 Aug. | [Shareholders meeting 4 Aug - 30th AGM on 28 Aug 2026; final dividend, director reappointments, and e-voting from 25–27 Aug.](https://nsearchives.nseindia.com/corporate/ROYALARC_04082026130459_Intimation_to_NSE_for_AGM_FY_2025-2026.pdf) |
| 28 Aug - 30th AGM on 28 Aug 2026 passed all resolutions, including final dividend and director reappointments. | [Shareholders meeting 28 Aug - 30th AGM on 28 Aug 2026 passed all resolutions, including final dividend and director reappointments.](https://nsearchives.nseindia.com/corporate/ROYALARC_28082026165552_01_Proceedings_of_AGM_RAEL_to_Exchange.pdf) |
| 28 Aug - 30th AGM held on 28 Aug 2026; shareholders approved financials, dividend, director reappointments and auditor appointments. | [Shareholders meeting 28 Aug - 30th AGM held on 28 Aug 2026; shareholders approved financials, dividend, director reappointments and auditor appointments.](https://nsearchives.nseindia.com/corporate/ROYALARC_28082026165754_02_AGM_Outcome_Regulation_44_RAEL.pdf) |
| 26 March 2026 - Trading window closed April 1, 2026 until 48 hours after audited results for year/half-year ending March 31, 2026. | [Trading Window 26 March 2026 - Trading window closed April 1, 2026 until 48 hours after audited results for year/half-year ending March 31, 2026.](https://nsearchives.nseindia.com/corporate/ROYALARC_26032026104050_Closure_of_Window_RAEL_31032026.pdf) |
| 19 November 2025 - First export to European distributor: approx. Rs.12.50 lakh welding electrodes; distribution contract commenced. | [General Updates 19 November 2025 - First export to European distributor: approx. Rs.12.50 lakh welding electrodes; distribution contract commenced.](https://nsearchives.nseindia.com/corporate/ROYALARC_19112025152344_1_Letter_to_NSE_Europe_19112025.pdf) |
| 19 May 2026 - FY26 audited results approved; final dividend of Rs0.50/share, new CS, and auditor appointments. | [Dividend 19 May 2026 - FY26 audited results approved; final dividend of Rs0.50/share, new CS, and auditor appointments.](https://nsearchives.nseindia.com/corporate/ROYALARC_19052026171747_Outcome_of_BM_19052026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30172_ROYALARC_2025_2026_A_5994494_04082026130857.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28523_ROYALARC_2024_2025_A_7928091_05092025110508.pdf) |

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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 2026-09-13T19:24:28.502Z.