Raasi Refractor

Q: how big is Raasi Refractor?

Market Cap: Raasi Refractories Ltd has a market capitalization of 12.00 Cr and is classified as a Micro Cap.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.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.

Q: Is Raasi Refractor overvalued or undervalued?

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.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.

Q: What is the technical trend for Raasi Refractor?

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.

Q: How has been the historical performance of Raasi Refractor?

Answer:The historical performance of Raasi Refractor shows a fluctuating trend in its financial metrics over the years.Breakdown: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.

Q: Should I buy, sell or hold Raasi Refractor?

Based on the current information about Raasi Refractor, it would be advisable to consider a strong sell position. The company has not declared results in the last six months, indicating a lack of transparency and potentially serious underlying issues. Additionally, the long-term growth prospects appear weak, with net sales declining at an annual rate of -1.64% and operating profit stagnating at 0% over the past five years.The latest results show a significant drop in net sales, with a decline of -18.58% over the past nine months. The company's high debt situation, reflected in a debt-to-equity ratio of 0, adds to the risk. Furthermore, the stock has not generated any returns over the past year, and profits have fallen dramatically by -59%.Given these factors, it would be prudent to sell your shares in Raasi Refractor rather than hold or buy more.

Market Cap: Micro Cap
Industry: Industrial Manufacturing
ISIN: INE858D01017
NSEID:
BSEID: 502271
View on BSE

INR

21.45

0.00 (0.00%)

BSENSE

Feb 09

BSE+NSE Vol: 300

Access older stock analysis version

Upcoming Result: Raasi Refractor will declare its result soon on 14 Feb 2026

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

300 (400.00%) Volume

Shareholding (Sep 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.

View full answer

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.

View full answer

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.

View full answer

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.

View full answer

Should I buy, sell or hold Raasi Refractor?

30-Dec-2025

When is the next results date for Raasi Refractories Ltd?

10-Feb-2026

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

View full answer

Which are the latest news on Raasi Refractor?

11-Feb-2026

When is the next results date for Raasi Refractories Ltd?
Raasi Refractories Stock Hits 52-Week Low at Rs.19.19 Amidst Weak Fundamentals

Why is Raasi Refractories Ltd falling/rising?

11-Feb-2026

As of 11-Feb, Raasi Refractories Ltd's stock price is at 21.45 with no change, reflecting weak long-term fundamentals and significant declines in sales and delivery volume. The stock is considered risky due to high debt and pledged promoter shares, contributing to a negative outlook.

View full answer

Compare Raasi Refractor with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

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

Negative results in Jun 25

Risky - No result in last 6 months

99.82% of Promoter Shares are Pledged

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Industrial Manufacturing

Market cap

INR 10 Cr (Micro Cap)

P/E

35.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-2.06

Return on Equity

-2.18%

Price to Book

-0.76

Revenue and Profits:

Net Sales:

2 Cr

(Quarterly Results - Dec 2024)

Net Profit:

-2 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.0%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

12.89%

5 Years

339.55%

Raasi Refractor for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

When is the next results date for Raasi Refractories Ltd?

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

Read full news article

$Raasi Refractories Stock Hits 52-Week Low at Rs.19.19 Amidst Weak Fundamentals$

Raasi Refractories Stock Hits 52-Week Low at Rs.19.19 Amidst Weak Fundamentals

Raasi Refractories Ltd, a player in the Industrial Manufacturing sector, has touched a new 52-week low of Rs.19.19 today, marking a significant decline in its share price amid subdued financial performance and market pressures.

Read full news article

Raasi Refractories Falls 27.42%: Four Key Factors Behind the Sharp Decline

Key Events This Week

29 Dec 2025: New 52-week low at Rs.20.16 following a 27.56% plunge

29 Dec 2025: Sharp intraday low and gap down open amid selling pressure

29 Dec 2025: Mojo Grade downgraded from Sell to Strong Sell

30 Dec 2025: Stock price stabilises at Rs.20.20 with no further movement

Week Open

Rs.27.83

Week CloseRead full news article

Announcements

Board Meeting Intimation for The Approval Of Unaudited Financial Results For The Quarter Ended 31/12/2025

09-Feb-2026 | Source : BSE

Raasi Refractories Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 inter alia to consider and approve unaudited financial statements and Limited Review Report for the quarter ended 31st December 2025

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

07-Jan-2026 | Source : BSE

Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations2018 for the quarter ended 31.12.2025

Closure of Trading Window

31-Dec-2025 | Source : BSE

Intimation of Closure of Trading Window of the Company.

Corporate Actions

BOARD MEETING

14 Feb 2026

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-1.64%

EBIT Growth (5y)

-19.62%

EBIT to Interest (avg)

Debt to EBITDA (avg)

6.40

Net Debt to Equity (avg)

-2.06

Sales to Capital Employed (avg)

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

99.82%

Institutional Holding

2.10%

ROCE (avg)

19.34%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

-0.76

EV to EBIT

14.88

EV to EBITDA

11.26

EV to Capital Employed

2.66

EV to Sales

0.93

PEG Ratio

Dividend Yield

ROCE (Latest)

33.95%

ROE (Latest)

Negative BV

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bearish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

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%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ

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

Standalone Net Profit

-2.28

0.63

-461.90%

Operating Profit Margin (Excl OI)

-100.45%

18.66%

-119.11%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

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

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'24

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

Standalone Net Profit

0.11

2.30

-95.22%

Operating Profit Margin (Excl OI)

8.12%

19.53%

-11.41%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

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

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'24

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

Standalone Net Profit

-2.17

0.31

-800.00%

Operating Profit Margin (Excl OI)

-1.99%

9.03%

-11.02%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

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

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'24

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

Standalone Net Profit

0.30

0.86

-65.12%

Operating Profit Margin (Excl OI)

8.23%

6.16%

2.07%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

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

All Annual Results

Company CV

About Raasi Refractories Ltd

Raasi Refractories Ltd

Micro 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

Company Details

15-145/9 Kodandaram Nagar, Sarronagar Near Sarada Talkies Hyderabad Telangana : 500060

Tel: 08682-272455/272444

http://www.raasi.in

marketing@raasi.in

Registrar Details

Aarthi Consultants Pvt Ltd, 1-2-285 , Domalaguda, Hyderabad