Rasi Electrodes Ltd

RASIELEC

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Market Cap

₹ 49 Cr

P/E

17.08

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Rasi Electrodes Ltd, established in 1994, specializes in manufacturing welding products, including Mild Steel Electrodes and Copper Coated Welding wire.

The company has a factory in Chennai and has undergone expansion phases to significantly increase production capacity over the years.

Starting with a capacity of 900 TPA, Rasi Electrodes has expanded to produce 3300 TPA, demonstrating robust growth and strategic capacity planning.

In 2015, the company further enhanced its capabilities by installing imported machinery, boosting its CCMS Wire production from 1800 MTPA to 3300 MTPA by 2016.

Rasi Electrodes appears committed to continuous growth and capacity development, leveraging public issues for funding expansions.

Sector

Capital Goods-Non Electrical Equipment

Industry

Electrodes - Welding Equipment

Market Cap

49 Cr

Volatility

Moderate Risk

P/E Ratio

17.1

Industry P/E

42.7

PEG Ratio

1.7

P/B Ratio

1.3

52W High

34.90

52W Low

13.16

Sales CAGR

-2.85%

6.00%

12.12%

10Y

13.75%

Profit CAGR

-14.38%

10.18%

39.69%

10Y

11.75%

ROE

TTM

7.67%

9.20%

8.33%

10Y

6.44%

ROCE

TTM

10.85%

12.84%

12.10%

10Y

10.45%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ADOR	1055.25	1,839 Cr	33.18	3.73	1.89	11.08	16.60	7.54
DIFFNKG	310.00	1,158 Cr	27.34	3.00	0.48	10.99	13.74	9.14
GEE	78.43	408 Cr	—	3.36	0.00	-4.35	-0.65	-2.72
ROYALARC	157.50	175 Cr	18.66	2.44	0.00	13.38	16.92	10.91
DHINDIA	132.00	109 Cr	16.36	2.17	0.00	13.28	11.68	4.51
RASIELEC	15.52	49 Cr	17.08	1.31	0.00	7.67	10.85	7.03
AUROIMPEX	39.20	48 Cr	10.32	1.01	0.00	7.81	9.92	3.09

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	19	22	21	23	21	21	19	20	19	17
Expenses	18	20	20	22	20	19	19	19	18	16
Operating Profit	0.68	1.36	0.93	1.12	1.33	1.24	0.34	0.81	1.44	0.77
OPM %	3.62	6.31	4.48	4.93	6.26	6.01	1.76	4.00	7.42	4.59
Other Income	0.27	0.06	0.28	0.44	0.07	0.29	0.25	0.26	0.37	0.49
Interest	0.07	0.01	0.06	0.03	0.04	0.02	0.04	0.03	0.01	0.00
Depreciation	0.15	0.15	0.15	0.33	0.20	0.20	0.20	0.08	0.20	0.20
Profit Before Tax	0.72	1.25	0.99	1.20	1.15	1.31	0.34	0.97	1.61	1.06
Tax %	22.22	25.60	25.25	19.17	5.22	38.93	50.00	30.93	21.74	28.30
Net Profit	0.56	0.93	0.74	0.97	1.09	0.80	0.17	0.67	1.26	0.76
EPS in Rs	0.17	0.30	0.24	0.30	0.35	0.25	0.05	0.20	0.40	0.24

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	27	34	47	46	39	68	88	84	81	80
Expenses	25	33	45	45	37	66	84	80	78	76
Operating Profit	2.15	1.61	2.73	1.41	2.28	2.75	3.89	4.08	3.71	3.83
OPM %	8.02	4.70	5.76	3.07	5.79	4.03	4.45	4.87	4.56	4.81
Other Income	0.57	0.62	0.54	0.71	0.85	1.17	1.42	1.05	0.87	1.17
Interest	0.49	0.71	0.68	0.46	0.37	0.46	0.46	0.18	0.14	0.10
Depreciation	0.82	0.68	0.82	0.88	0.75	0.68	0.68	0.78	0.68	0.68
Profit Before Tax	1.42	0.84	1.77	0.78	2.01	2.79	4.17	4.16	3.77	4.23
Tax %	39.82	-0.95	42.42	34.33	32.72	26.56	27.92	22.95	27.34	31.44
Net Profit	0.85	0.85	1.02	0.51	1.36	2.05	3.01	3.20	2.74	2.90
EPS in Rs	0.18	0.38	0.32	0.15	0.38	0.64	1.04	1.01	0.85	0.89
Dividend Payout %	37.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23	6.23
Reserves	14	15	16	17	17	18	20	23	26	29
Borrowings	5.34	4.47	5.47	5.66	2.46	5.47	9.56	3.18	1.30	1.04
Other Liabilities	1.77	1.82	2.15	2.47	2.84	2.73	2.30	2.01	3.42	2.82
Total Liabilities	28	27	29	31	29	33	38	35	37	39
Fixed Assets	6.50	5.99	5.85	6.87	7.12	6.47	6.29	6.74	6.88	6.48
CWIP	0.00	0.04	0.00	0.00	0.04	0.00	0.01	0.00	0.00	0.00
Investments	0.79	0.76	0.47	0.44	0.21	0.32	0.54	0.51	0.75	2.09
Other Assets	20	21	23	24	21	26	31	27	30	31
Total Assets	28	27	29	31	29	33	38	35	37	39

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.02	-0.50	-0.25	1.54	4.38	-2.42	-3.90	7.50	4.40	4.57
Cash from Investing Activity	-1.34	-0.36	0.20	-1.43	-0.81	0.39	-0.34	-0.85	-0.58	-1.10
Cash from Financing Activity	1.63	-1.38	0.29	-0.49	-3.66	2.63	3.63	-6.84	-2.06	-0.40
Net Cash Flow	0.31	-2.24	0.25	-0.38	-0.09	0.60	-0.61	-0.18	1.76	3.07

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%	27.96%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%	72.04%
Total Shareholders	6,905	6,711	6,761	7,162	9,440	14,596	15,383	19,204	19,029	18,611	18,110	17,488

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Aug 26, 2024	Amitmaurya	Bulk	Sell	42.71	0.65 Cr	1,52,329	0.48
Aug 26, 2024	Amitmaurya	Bulk	Buy	40.57	0.66 Cr	1,63,014	0.52
Sep 27, 2023	Manideep gopavarapu	Bulk	Sell	18.85	0.00 Cr	2	0.00
Sep 27, 2023	Manideep gopavarapu	Bulk	Buy	18.64	0.54 Cr	2,90,224	0.93

Projection

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Last 7 days

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Presentations

Concalls

Reports

Presentations

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

Overall

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Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ADOR	1055.25	1,839 Cr	33.18	3.73	1.89	11.08	16.60	7.54
DIFFNKG	310.00	1,158 Cr	27.34	3.00	0.48	10.99	13.74	9.14
GEE	78.43	408 Cr	—	3.36	0.00	-4.35	-0.65	-2.72
ROYALARC	157.50	175 Cr	18.66	2.44	0.00	13.38	16.92	10.91
DHINDIA	132.00	109 Cr	16.36	2.17	0.00	13.28	11.68	4.51
RASIELEC	15.52	49 Cr	17.08	1.31	0.00	7.67	10.85	7.03
AUROIMPEX	39.20	48 Cr	10.32	1.01	0.00	7.81	9.92	3.09

Overview

Detailed Summary

Rasi Electrodes Ltd, established in 1994, specializes in manufacturing welding products, including Mild Steel Electrodes and Copper Coated Welding wire.

The company has a factory in Chennai and has undergone expansion phases to significantly increase production capacity over the years.

Starting with a capacity of 900 TPA, Rasi Electrodes has expanded to produce 3300 TPA, demonstrating robust growth and strategic capacity planning.

In 2015, the company further enhanced its capabilities by installing imported machinery, boosting its CCMS Wire production from 1800 MTPA to 3300 MTPA by 2016.

Rasi Electrodes appears committed to continuous growth and capacity development, leveraging public issues for funding expansions.

Sector

Capital Goods-Non Electrical Equipment

Industry

Electrodes - Welding Equipment

Market Cap

49 Cr

Volatility

Moderate Risk

P/E Ratio

17.1

Industry P/E

42.7

PEG Ratio

1.7

P/B Ratio

1.3

52W High

34.90

52W Low

13.16

Sales CAGR

-2.85%

6.00%

12.12%

10Y

13.75%

Profit CAGR

-14.38%

10.18%

39.69%

10Y

11.75%

ROE

TTM

7.67%

9.20%

8.33%

10Y

6.44%

ROCE

TTM

10.85%

12.84%

12.10%

10Y

10.45%