Rashi Peripherals Ltd
Rashi Peripherals Ltd
Information TechnologyKey Fundamentals
MicrocapIT - HardwareInformation TechnologyInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY19–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
1- Company has a low return on equity of 13.3% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Rashi Peripherals Ltd is a mid-cap IT distribution company with a market cap of ₹5,450 Cr, trading at a PE of 18.9x. The company has delivered strong revenue growth (5-year sales CAGR of 22%) and accelerating profit growth (TTM profit growth of 35%), but operates on thin margins (OPM of ~2.9% in FY26) with a modest ROE of ~15%.
- Strong revenue growth trajectory with 5-year compounded sales CAGR of 22% and FY26 sales of ₹15,827 Cr vs ₹9,313 Cr in FY22
- Accelerating profit growth with TTM net profit growth of 35% and 3-year compounded profit CAGR of 31%
- Q3 FY26 standalone revenue surged 47% YoY to ₹3,895 Cr with PAT up 128% YoY to ₹70 Cr, indicating strong momentum
- Reasonable valuation at PE of 18.9x given the high earnings growth rate, implying a PEG ratio well below 1
- Expanding distribution network with 55 branches across India, providing scalable infrastructure for future growth
- Improving working capital management with debtor days reducing to 47 days from 61 days a year ago
- FY26 operating profit margin expanded to 2.89% from 2.17% in FY25, showing improving operational leverage
- Stock has delivered 184% returns in the last 1 year, reflecting strong market re-rating of the business
- Extremely thin operating margins with OPM of just 2.89% in FY26, leaving very little room for error in execution
- Low return on equity of 13.3% over the last 3 years, indicating capital is not being deployed very efficiently for shareholders
- Debt-to-equity ratio of 0.47-0.49x with interest costs of ₹106.49 Cr in FY26, consuming ~29% of operating profit
- Distribution business model is inherently low-margin and vulnerable to disintermediation by OEMs selling direct
- 9M FY26 standalone revenue growth was only 6% YoY (₹10,966 Cr), with Q3 spike potentially being lumpy rather than sustainable
- PAT margin remains very thin at 1.69-1.85%, meaning even minor cost increases or pricing pressure can significantly impact profitability
- Inventory days increased to 56 days, indicating potential working capital stress or demand uncertainty
- Minimal dividend yield of just 0.25%, offering little income protection in a downturn
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 earnings call scheduled Jul 30
Rashi Peripherals will host its Q1FY27 earnings conference call on August 5, 2026, at 10:00 AM IST to discuss standalone and consolidated unaudited results for the quarter ended June 30, 2026.
TL;DR: Limited news flow for Rashi Peripherals with only a routine earnings call announcement. No material positives or negatives have emerged recently. Investors should watch the August 5 earnings call for Q1FY27 performance signals and management commentary on IT distribution demand trends.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,446 | 3,023 | 2,624 | 3,002 | 4,267 | 3,706 | 2,826 | 2,973 | 3,152 | 4,155 | 4,030 | 4,489 | 5,102 |
| Expenses | 2,354 | 2,953 | 2,560 | 2,934 | 4,184 | 3,607 | 2,805 | 2,879 | 3,049 | 4,052 | 3,911 | 4,357 | 4,947 |
| Operating Profit | 92 | 69 | 64 | 68 | 83 | 99 | 21 | 94 | 104 | 104 | 119 | 133 | 155 |
| OPM % | 3.7% | 2.3% | 2.4% | 2.3% | 1.9% | 2.7% | 0.8% | 3.1% | 3.3% | 2.5% | 3% | 3% | 3% |
| Other Income | 4 | 1 | 4 | 16 | 7 | 5 | 48 | 5 | 8 | 4 | 12 | 16 | 17 |
| Interest | 25 | 29 | 30 | 23 | 14 | 17 | 23 | 24 | 27 | 24 | 26 | 29 | 27 |
| Depreciation | 4 | 5 | 5 | 5 | 4 | 4 | 4 | 5 | 4 | 5 | 6 | 6 | 6 |
| PBT | 67 | 36 | 34 | 56 | 73 | 83 | 43 | 71 | 80 | 79 | 99 | 114 | 139 |
| Tax % | 25% | 39% | 26% | 15% | 24% | 16% | 25% | 25% | 23% | 25% | 24% | 24% | 25% |
| Net Profit | 50 | 22 | 25 | 47 | 55 | 70 | 32 | 53 | 62 | 59 | 75 | 87 | 105 |
| EPS in Rs | — | — | — | 6.04 | 8.38 | 10.58 | 4.83 | 7.78 | 9.31 | 8.88 | 11.16 | 12.78 | 15.59 |
Profit & Loss
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,991 | 3,934 | 5,925 | 9,313 | 9,454 | 11,095 | 13,773 | 15,827 | 17,777 |
| Expenses | 3,932 | 3,847 | 5,713 | 9,012 | 9,198 | 10,798 | 13,468 | 15,369 | 17,267 |
| Operating Profit | 59 | 87 | 212 | 301 | 256 | 297 | 305 | 459 | 510 |
| OPM % | 1.5% | 2.2% | 3.6% | 3.2% | 2.7% | 2.7% | 2.2% | 2.9% | 2.9% |
| Other Income | 5 | 8 | 5 | 8 | 15 | 25 | 63 | 41 | 50 |
| Interest | 18 | 36 | 31 | 58 | 90 | 111 | 82 | 106 | 107 |
| Depreciation | 3 | 8 | 8 | 12 | 17 | 19 | 17 | 22 | 24 |
| PBT | 44 | 51 | 179 | 240 | 165 | 192 | 269 | 371 | 430 |
| Tax % | 35% | 25% | 24% | 24% | 25% | 25% | 22% | 24% | — |
| Net Profit | 29 | 38 | 136 | 183 | 123 | 144 | 210 | 282 | 325 |
| EPS in Rs | — | — | — | — | — | 21.43 | 31.57 | 42.12 | 48.41 |
| Div. Payout % | 0% | 0% | 0% | 0% | 2% | 5% | 3% | 5% | — |
Balance Sheet
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.99 | 1 | 1 | 21 | 21 | 33 | 33 | 33 |
| Reserves | 195 | 262 | 393 | 554 | 679 | 1,518 | 1,709 | 1,992 |
| Borrowings | 370 | 327 | 490 | 882 | 1,082 | 700 | 910 | 991 |
| Other Liabilities | 401 | 494 | 708 | 1,209 | 1,010 | 1,569 | 1,610 | 2,312 |
| Total Liabilities | 967 | 1,084 | 1,593 | 2,666 | 2,793 | 3,819 | 4,262 | 5,327 |
| Fixed Assets | 24 | 60 | 62 | 70 | 77 | 71 | 63 | 80 |
| CWIP | 0 | 1 | 3 | 0 | 4 | 0 | 0 | 0 |
| Investments | 13 | 2 | 0 | 7 | 6 | 0 | 0 | 0 |
| Other Assets | 929 | 1,020 | 1,527 | 2,588 | 2,706 | 3,748 | 4,198 | 5,247 |
| Total Assets | 967 | 1,084 | 1,593 | 2,666 | 2,793 | 3,819 | 4,262 | 5,327 |
Cash Flow
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating | -26 | 82 | -109 | -315 | -115 | -102 | -299 | 114 |
| Investing | -7 | 3 | -1 | -6 | -4 | 1 | 53 | 19 |
| Financing | 33 | -81 | 134 | 338 | 108 | 211 | 123 | -80 |
| Net Cash Flow | 0 | 4 | 24 | 16 | -11 | 110 | -123 | 53 |
| Free Cash Flow | -36 | 79 | -115 | -327 | -126 | -109 | -307 | 106 |
| CFO/OP | -19 | 110 | -35 | -80 | -24 | -18 | -86 | 42 |
Ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 39 | 49 | 45 | 34 | 46 | 48 | 50 |
| Inventory Days | 32 | 48 | 37 | 50 | 61 | 63 | 56 | 62 |
| Days Payable | 37 | 44 | 43 | 47 | 39 | 52 | 43 | 53 |
| Cash Conversion Cycle | 42 | 43 | 43 | 48 | 56 | 57 | 60 | 60 |
| Working Capital Days | 15 | 18 | 22 | 19 | 23 | 43 | 44 | 43 |
| ROCE % | — | 15% | 28% | 25% | 16% | 14% | 14% | 17% |
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Company Information
Incorporated in 1989, Rashi Peripherals Ltd operates in ICT product distribution business and after-sale services[1]