Raghav Productivity EnhancersNSE:RPEL
Current view Q1 2027
World's largest maker of the silica lining inside scrap-steel furnaces, a consumable every furnace rebuys. Volume, margin and exports are all rising together, operating margin 23% to 29.6%, plants ~94% full, 29% more capacity due October 2026. Management delivers what it says, but the value-add products promised since FY24 still earn nothing.
Latest exchange filings last 5 · 5 after Q1 2027
- 14 Sep ’26Subsidiary granted two Indian patents for quartz processing and ramming mass production on 14 September 2026. ↗
- 12 Sep ’26Subsidiary received two Indian patents on ramming-mass production systems, valid 20 years from December 13, 2025. ↗
- 10 Sep ’26Announcement under Regulation 30 (LODR)-Investor Presentation 10 Sep ↗
- 9 Sep ’26CRISIL upgraded 15 crore long-term bank facilities to A/Stable from A-/Positive. ↗
- 7 Sep ’26Company to hold physical non-deal roadshow with investors on 10-12 September 2026 in Mumbai. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
How this view changed
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +50.0% | +22.5% | +23.3% | +31.6% |
| Operating profit | ▲ +62.5% | +23.8% | +28.8% | +38.7% |
| EPS | ▲ +67.7% | +29.1% | +29.6% | +41.6% |
| PAT | ▲ +66.7% | +33.3% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +50.0%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average56/100
Growing fast — and the market has noticed. Profit per share grew 30% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹1,704 → ₹3,408 needs the P/E at 115× — it is 125× today, and has ranged 27× to 248× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 172× — it has traded there — high was 248×.
At ₹849 the price-tag on its earnings reaches the 62× it is being projected toward — the point where being cheap against that yardstick is used up.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a small-cap at ₹7,111 cr, so the odds of a re-rate are not fighting its own size.
Growth rate used: 29.6% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Capital Goods · 6 of 12 listed
It earns 30% on its capital, second of 6, and it is the most expensive of those shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Raghav Product. | ₹1,669 | 122.2× | ₹7,663 Cr | 30.3% | +67.5% | +48.7% |
| Graphite India | ₹829 | 73.9× | ₹16,197 Cr | 4.6% | +28.4% | +26.6% |
| Vesuvius India | ₹404 | 32.0× | ₹8,200 Cr | 21.3% | −7.1% | +2.3% |
| RHI Magnesita | ₹368 | 40.6× | ₹7,597 Cr | 6.5% | +83.2% | +5.6% |
| HEG | ₹238 | 13.0× | ₹4,600 Cr | 8.3% | +22.6% | +11.1% |
| Monolithisch Ind | ₹1,270 | 95.9× | ₹2,760 Cr | 34.8% | +134.7% | +63.9% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | yes — a little wider than 3 years earlier | operating margin 28% → 30% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it, with some tied up | 70% last year, 77% over three · free cash flow ₹23 cr, positive in 3 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹5 cr — 0.02× its own equity (was 0.04×) |
| Is it being collected? | collection is steady | 83 days to collect, down 11 in a year · cash cycle 255 days |
| Who has been buying? | the promoters have held steady | promoters 62.9%, 62.9% → 62.9% over 2.8 years · FIIs 0.8% (+0.7) · DIIs 0.0% · shareholders 10,730 → 14,899 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 30.3% · ROE 24.3% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.2% CAGR over last 5 years
Against it
- Stock is trading at 30.8 times its book value
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.