Raasi Refractor

how big is Raasi Refractor?

As of October 2023, Raasi Refractories Ltd has a market capitalization of 12.00 Cr and reported net sales of 40.34 Cr and a net profit of 0.29 Cr over the last four quarters. The company's shareholder's funds stand at -13.31 Cr, with total assets of 53.87 Cr.

Market Cap: Raasi Refractories Ltd has a market capitalization of 12.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'24, Dec'23, Sep'23, and Jun'23, is 40.34 Cr. The sum of Net Profit for the same period is 0.29 Cr. This data is Standalone.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at -13.31 Cr, and Total Assets amount to 53.87 Cr.

Is Raasi Refractor overvalued or undervalued?

As of November 12, 2024, Raasi Refractor is considered risky and overvalued, with a PE Ratio of 11.78 and an EV to EBIT of 15.55, indicating financial concerns compared to peers like Vesuvius India and RHI Magnesita, despite a recent stock performance of 10.24% over the past week.

As of 12 November 2024, the valuation grade for Raasi Refractor has moved from does not qualify to risky. The company is currently considered overvalued based on its financial ratios and peer comparisons. Key ratios include a PE Ratio of 11.78, an EV to EBIT of 15.55, and a negative Price to Book Value of -0.89, indicating potential concerns about its financial health.<BR><BR>In comparison to its peers, Raasi Refractor's PE Ratio of 14.34 is significantly lower than that of Vesuvius India, which stands at 48.3, and RHI Magnesita, at 46.14, both categorized as very expensive. Additionally, Raasi's EV to EBITDA of 11.76 is higher than the industry average, suggesting that the market may be pricing in more risk than warranted. Despite recent stock performance showing a 10.24% return over the past week compared to a modest 1.42% for the Sensex, the overall valuation indicates that Raasi Refractor is overvalued in the current market context.

What is the technical trend for Raasi Refractor?

As of November 26, 2024, Raasi Refractor's technical trend has shifted to mildly bullish, supported by daily moving averages and the weekly MACD, though caution is advised due to a bearish weekly RSI and mixed signals from the KST.

As of 26 November 2024, the technical trend for Raasi Refractor has changed from mildly bearish to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the daily moving averages are bullish, supporting the positive shift. However, the weekly RSI remains bearish, suggesting some caution. Bollinger Bands are mildly bullish on both weekly and monthly time frames, reinforcing the upward momentum. The KST shows bullishness on the weekly but is mildly bearish on the monthly, indicating mixed signals in longer time frames. Overall, the current technical stance is mildly bullish, driven primarily by the daily moving averages and weekly MACD.

How has been the historical performance of Raasi Refractor?

Raasi Refractor has experienced a downward trend in key financial metrics, with net sales decreasing from INR 62.89 crore in March 2022 to INR 40.33 crore in March 2024, and profit after tax falling from INR 1.15 crore to INR 0.30 crore during the same period. Earnings per share also declined from INR 2.44 to INR 0.64.

Answer:<BR>The historical performance of Raasi Refractor shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Raasi Refractor's net sales have decreased from INR 62.89 crore in March 2022 to INR 40.33 crore in March 2024, indicating a significant decline. Total operating income followed a similar trend, dropping from INR 62.89 crore in March 2022 to INR 40.33 crore in March 2024. The raw material cost also decreased from INR 41.65 crore in March 2022 to INR 27.76 crore in March 2024, while total expenditure excluding depreciation fell from INR 59.58 crore in March 2022 to INR 37.01 crore in March 2024. Operating profit (PBDIT) showed slight fluctuations, with a decrease from INR 3.36 crore in March 2022 to INR 3.39 crore in March 2024. However, profit before tax fell sharply from INR 0.56 crore in March 2022 to INR 0.23 crore in March 2024, and profit after tax also decreased from INR 1.15 crore in March 2022 to INR 0.30 crore in March 2024. The earnings per share (EPS) reflected this decline, dropping from INR 2.44 in March 2022 to INR 0.64 in March 2024. Overall, the financial performance of Raasi Refractor has shown a downward trend in key metrics over the past few years.

When is the next results date for Raasi Refractories Ltd?

The next results date for Raasi Refractories Ltd is 14 February 2026.

The next results date for Raasi Refractories Ltd is scheduled for 14 February 2026.

Should I buy, sell or hold Raasi Refractories Ltd?

Why is Raasi Refractories Ltd falling/rising?

As of 01-Mar, Raasi Refractories Ltd's stock price is Rs 19.56, unchanged from the previous session, but has declined 4.59% over the past week and 13.07% over the last month. The stock faces significant challenges, including negative sales growth, high debt, and a high percentage of pledged shares, indicating a difficult outlook.

As of 01-Mar, Raasi Refractories Ltd's stock price is currently at Rs 19.56, showing no change from the previous trading session. The stock has experienced a decline of 4.59% over the past week and a significant drop of 13.07% over the last month, indicating a downward trend. Year-to-date, the stock has decreased by 3.17%, while the broader market, represented by the Sensex, has also faced a decline of 4.62%.<BR><BR>The stock's performance today has underperformed its sector by 0.92%, and it is close to its 52-week low, being just 1.89% away from Rs 19.19. Additionally, the stock has shown erratic trading patterns, not trading on four out of the last twenty days, which may contribute to its volatility and investor uncertainty.<BR><BR>Several negative factors are influencing the stock's price. The company has a negative book value and weak long-term fundamental strength, with net sales declining at an annual rate of 5.80% and operating profit stagnating at 0% over the past five years. The company's financial health is further compromised by a high debt-to-equity ratio, averaging at zero, and a negative EBITDA, indicating that it is trading at risky valuations compared to its historical performance. <BR><BR>Moreover, the company reported a significant decline in net sales for the nine-month period ending June 25, with a drop of 18.58%. The situation is exacerbated by the fact that 99.82% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a falling market. Overall, these factors contribute to the stock's current decline and suggest a challenging outlook for Raasi Refractories Ltd.

Which are the latest news on Raasi Refractor?