Raasi Refractor

  • Market Cap: Small Cap
  • Industry: Industrial Manufacturing
  • ISIN: INE858D01017
  • NSEID:
  • BSEID: 502271
INR
20.20
-7.63 (-27.42%)
BSENSE

Dec 29

BSE+NSE Vol: 2.1 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

2.1 k (400.00%) Volume

Shareholding (Jun 2025)

FII

0.00%

Held by 0 FIIs

DII

2.10%

Held by 0 DIIs

Promoter

50.74%

how big is Raasi Refractor?

07-May-2025

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.

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When is the next results date for Raasi Refractor?

31-May-2025

No Upcoming Board Meetings

Is Raasi Refractor overvalued or undervalued?

09-Jun-2025

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.

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What is the technical trend for Raasi Refractor?

09-Jun-2025

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.

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How has been the historical performance of Raasi Refractor?

30-Jun-2025

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.

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Should I buy, sell or hold Raasi Refractor?

01-Jul-2025

Why is Raasi Refractor falling/rising?

03-Dec-2025

As of 03-Dec, the stock price of Raasi Refractories Ltd is at 27.83, unchanged from the previous session. The company faces challenges due to weak long-term fundamentals, declining sales, and reduced investor participation, contributing to cautious market sentiment despite a notable annual return.

As of 03-Dec, the stock price of Raasi Refractories Ltd is currently at 27.83, showing no change from the previous trading session. The stock has experienced significant fluctuations in trading activity, with erratic trading patterns noted, as it did not trade on 4 out of the last 20 days. This inconsistency may contribute to uncertainty among investors.<BR><BR>Despite a notable annual return of 49.14%, the company's long-term fundamentals appear weak. The company has not declared results in the last six months, and its net sales have declined at an annual rate of -1.64% over the past five years, with a significant drop in net sales of -18.58% reported for the last nine months. Additionally, the company has a high debt-to-equity ratio, indicating financial risk.<BR><BR>Investor participation has also decreased, with delivery volume falling by -88.41% compared to the five-day average. This decline in trading volume suggests a lack of confidence among investors. Furthermore, while the stock is trading above its moving averages, the overall market sentiment appears cautious due to the company's poor financial performance and the risks associated with its trading history.<BR><BR>In summary, the combination of weak long-term fundamentals, declining sales, reduced investor participation, and erratic trading patterns contributes to the perception that Raasi Refractories Ltd is facing challenges, which may explain the stock's current price stability despite previous gains.

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Which are the latest news on Raasi Refractor?

04-Dec-2025
No latest news for Raasi Refractor found.

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months

  • Poor long term growth as Net Sales has grown by an annual rate of -1.64% and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Negative results in Jun 25

3

Risky - No result in last 6 months

4

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Industrial Manufacturing

stock-summary
Market cap

INR 13 Cr (Small Cap)

stock-summary
P/E

33.00

stock-summary
Industry P/E

46

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-2.06

stock-summary
Return on Equity

-2.18%

stock-summary
Price to Book

-0.99

Revenue and Profits:
Net Sales:
2 Cr
(Quarterly Results - Dec 2024)
Net Profit:
-2 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
0%
0%
0.0%
6 Months
0%
0%
0.0%
1 Year
-10.93%
0%
-10.93%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
55.15%
0%
55.15%
5 Years
506.61%
0%
506.61%

Raasi Refractor for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
Announcements stock-summary

Announcement under Regulation 30 (LODR)-Change in Directorate

04-Oct-2025 | Source : BSE

The Shareholders vide its Meeting dated 30.09.2025 appointed Mr. Venkanna Konda (DIN:05119181) as the Managing Director of the Company.

Announcement Under Regulation 30 Of SEBI (LODR) Regulation2015 - Appointment Of Secretarial Auditor

04-Oct-2025 | Source : BSE

Pursuant to Regulation 30 of SEBI (LODR) Regulations2015the shareholders at its 43rd Annual General Meeting held on 30th September2025 has appointed M/s BPK Associates Company Secretaries as the Secretarial Auditor of the Company to conduct Secretarial Audit of the Company for the period of 5 (five) consecutive years from the conclusion of 43rd AGM till the conclusion of the 48th AGM to be held in year 2030.

Shareholder Meeting / Postal Ballot-Scrutinizers Report

03-Oct-2025 | Source : BSE

Voting Results and Scrutinizers report of the 43rd Annual General Meeting held on 30th September 2025

Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-1.64%
EBIT Growth (5y)
-19.62%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
6.40
Net Debt to Equity (avg)
-2.06
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
99.82%
Institutional Holding
2.10%
ROCE (avg)
19.34%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
33
Industry P/E
46
Price to Book Value
-0.72
EV to EBIT
14.65
EV to EBITDA
11.09
EV to Capital Employed
2.62
EV to Sales
0.92
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
33.95%
ROE (Latest)
Negative BV
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

99.8181

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Laxmaiah Konda (27.44%)

Highest Public shareholder

Vasa Venkateshwarlu (3.81%)

Individual Investors Holdings

42.89%

stock-summaryFinancial
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          "val2": "9.03%",
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Quarterly Results Snapshot (Standalone) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
2.20
11.63
-81.08%
Operating Profit (PBDIT) excl Other Income
-2.21
2.17
-201.84%
Interest
0.50
0.62
-19.35%
Exceptional Items
0.00
0.00
Standalone Net Profit
-2.28
0.63
-461.90%
Operating Profit Margin (Excl OI)
-100.45%
18.66%
-119.11%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -81.08% vs -12.75% in Sep 2024

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2024 is -461.90% vs 3,250.00% in Sep 2024

Half Yearly Results Snapshot (Standalone) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
21.43
19.25
11.32%
Operating Profit (PBDIT) excl Other Income
1.74
3.76
-53.72%
Interest
1.23
1.24
-0.81%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.11
2.30
-95.22%
Operating Profit Margin (Excl OI)
8.12%
19.53%
-11.41%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 11.32% vs -4.70% in Sep 2023

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2024 is -95.22% vs 157.64% in Sep 2023

Nine Monthly Results Snapshot (Standalone) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
23.63
27.01
-12.51%
Operating Profit (PBDIT) excl Other Income
-0.47
2.44
-119.26%
Interest
1.73
1.83
-5.46%
Exceptional Items
0.00
0.00
Standalone Net Profit
-2.17
0.31
-800.00%
Operating Profit Margin (Excl OI)
-1.99%
9.03%
-11.02%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -12.51% vs -25.55% in Dec 2023

Direction Arrows
Standalone Net Profit

YoY Growth in nine months ended Dec 2024 is -800.00% vs 108.42% in Dec 2023

Annual Results Snapshot (Standalone) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
40.33
59.07
-31.73%
Operating Profit (PBDIT) excl Other Income
3.32
3.64
-8.79%
Interest
2.36
2.23
5.83%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.30
0.86
-65.12%
Operating Profit Margin (Excl OI)
8.23%
6.16%
2.07%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is -31.73% vs -6.07% in Mar 2023

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2024 is -65.12% vs -25.22% in Mar 2023

stock-summaryCompany CV
About Raasi Refractories Ltd stock-summary
stock-summary
Raasi Refractories Ltd
Small Cap
Industrial Manufacturing
Incorporated in 1981 Raasi Refractories Ltd is mainly engaged in manufacturing of High Alumina and High Grog Refractories and mortars and insulation and acid proof bricks.The Company was promoted by B.V.Raju, K.S.N.Raju and Dr R V Raju.To manufacture 15000 tonnes of high alumina and high grog refractories the company undertook a project in 1984 at Nalgonda in Andhra Pradesh.The total cost of the project was Rs.3.00 crores. The project was completed on 1984.
Company Coordinates stock-summary
Company Details
15-145/9 Kodandaram Nagar, Sarronagar Near Sarada Talkies Hyderabad Telangana : 500060
stock-summary
Tel: 08682-272455/272444
stock-summary
marketing@raasi.in
Registrar Details
Aarthi Consultants Pvt Ltd, 1-2-285 , Domalaguda, Hyderabad