Synopsis:- Raghav Productivity Enhancers Limited’s April 24 board meeting delivered a dense outcome: FY26 consolidated revenue grew 28.8 percent to Rs. 257.07 crore, net profit expanded 47.9 percent to Rs. 54.80 crore.

Raghav Productivity Enhancers Limited, a Jaipur-based manufacturer of quartz-based ramming mass for steel induction furnaces, held its first board meeting of FY2026-27 on April 24, 2026.

With a market capitalisation of approximately Rs. 3,103.65 crore, the shares of Raghav Productivity Enhancers were last recorded at Rs. 678.6 per share, down 4.71 percent from its previous close of Rs.712.15. The stock trades at a P/E of 65.7.

On a consolidated basis, revenue from operations grew 28.8 percent year-on-year from Rs. 199.65 crore to Rs. 257.07 crore. Profit before tax rose 46.0 percent from Rs. 47.71 crore to Rs. 69.63 crore. Net profit after tax came in at Rs. 54.80 crore, up 47.9 percent from Rs. 37.04 crore in FY25. Basic consolidated EPS rose from Rs. 8.05 to Rs. 11.94. Finance costs across the group stand at just Rs. 72.01 lakhs.

Q4 FY26 standalone showed consolidated revenue of Rs. 70.66 crore, with PBT of Rs. 19.40 crore and net profit of approximately Rs. 15.18 crore sequentially stronger than Q3, and up roughly 39.5 percent over Q4 FY25’s Rs. 50.65 crore top line.

On a standalone basis, RPEL parent’s revenue was essentially flat ; down 0.9 percent from Rs. 115.38 crore to Rs. 114.32 crore. Standalone PAT, however, grew 35.8 percent from Rs. 21.47 crore to Rs. 29.17 crore partly because the company received Rs. 4.56 crore in dividend from RPSPL during the year, recorded under other income and eliminated at consolidation.

The board recommended a final dividend of Rs. 1 per share (face value Rs. 10) for FY26, consistent with the Rs. 1 per share paid in FY25. The allotment of 9,990 equity shares under ESOP Scheme 2018 at an exercise price of Rs. 307.36 per share against a current market price of approximately Rs. 679 indicates that the options are deeply in the money and that scheme-holder retention through alignment is working as intended. Total shares outstanding post-allotment stand at 4,59,21,950.

Business Overview

Raghav Productivity Enhancers Limited, incorporated in 2009 and headquartered in Jaipur, Rajasthan, manufactures quartz-based ramming mass, quartz powder, and tundish board for steel induction furnaces, selling under the “Raghav” brand. The company operates through its parent plant (1,44,000 MTPA) and wholly-owned subsidiary RPSPL (2,70,000 MTPA), with facilities in Kaladera and Newai in Rajasthan’s quartz-mining belt. 

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