Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Rashi Peripherals Ltd

RPTECH
Trading

Rashi Peripherals Ltd's price has outrun its earnings. +131.2% in a year against EPS +33.4% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only −45% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (37 weeks in) while the P/E sits at the 93rd percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +64.2% year on year, and −45% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Consistent
partial read
Price
₹734
+131.2% 1Y
P/E
18.5×
93rd pctile
of its own 2-year range
Revenue (Mar 26)
₹4,489 Cr
+51.0% YoY
Profit (Mar 26)
₹87.0 Cr
+64.2% YoY
Operating margin
3.0%
flat YoY
ROCE
17%
FY26
Cash conversion
−45%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 17% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Rashi Peripherals Ltd trades at ₹734, in a confirmed uptrend and 37 weeks into that stage. That is +54.5% against its own 200-day average. It sits at 89% of a 52-week range of ₹296 to ₹788. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 50 straight weeks.

Today the stock is in a confirmed uptrend — week 37 of stage 2, confirmed. At ₹734 it trades +54.5% versus its 200-day average and sits at 89% of its 52-week range (₹296–₹788).

Jul 26: ₹734 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
+54.5% versus the 200-day line, week 37 of stage 2
Price50-day avg200-day avg
S3S2S4S2₹830₹677₹525₹372₹220₹734₹476Feb 24Oct 24May 25Jan 26Jul 26
S3S2S4S2₹830₹677₹525₹372₹220₹734₹476Feb 24May 25Jul 26
Beating or trailing, week by week since 2024 Each cell is one week from 2024 to now (133 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Feb 24Jul 26

Against the market, two honest reads. Cumulative: over the last 2.4 years the stock moved +112% while the NIFTY 500 moved +16% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 50 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 93rd percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Rashi Peripherals Ltd trades at 18.5× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 10.6×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 18.5× is at the pricey end of its own range (93rd percentile), against a long-run median of 10.6× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 18.5× vs a 10.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.2-year window; loss-period spikes above 21× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (93rd percentile)
P/EMedianEPS (TTM) (quarterly)
21.7×₹45.618.2×₹34.214.7×₹22.811.2×₹11.47.7×₹0.0×18.50×₹42May 24May 25Oct 25Mar 26Jul 26
21.7×₹45.618.2×₹34.214.7×₹22.811.2×₹11.47.7×₹0.0×18.50×₹42May 24Oct 25Jul 26
P/E
18.5×
93rd percentile of 2y

🚨 Why the multiple sits where it does: over the past year annual EPS moved +33.4% against a +131.2% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 17% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Consistent

Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Rashi Peripherals Ltd reads as consistent on its fundamental arc. Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 17.0% and holding. The read is built from 10 quarters across 3 curves, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
82%237%53%168%24%98%−5.0%29%−34%−41%%%51%64.2%33.4%Jun 23Sep 24Mar 26
82%237%53%168%24%98%−5.0%29%−34%−41%%%51%64.2%33.4%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
17.2%16.4%15.5%14.6%13.8%%17%FY23FY24FY26
17.2%16.4%15.5%14.6%13.8%%17%FY23FY24FY26
Revenue growth
Rising
latest +51.0% · span −26.1% to +51.0%
Profit growth
Rising
latest +64.2% · span −21.9% to +100.0%
ROCE
Steady high
latest 17.0% · span 14.0%–17.0%

Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Growth, year by year: revenue +14.9% in FY26, profit +34.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
62%281%45%197%28%113%11%28%−6.1%−56%%%14.9%34.3%FY19FY22FY26
62%281%45%197%28%113%11%28%−6.1%−56%%%14.9%34.3%FY19FY22FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+14.9%) with the last 8 annualized (+19.4%).
revenue rolling over, profit rolling over
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
41%74%29%55%17%37%5.0%18%−6.9%0.0%%%14.9%34.8%Jun 23Sep 24Mar 26
41%74%29%55%17%37%5.0%18%−6.9%0.0%%%14.9%34.8%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+14.9%+18.7%+21.7%
Profit+34.3%+31.9%+15.7%
EPS+33.4%
Share price+131.2%
Revenue YoY (Mar 26)
+51.0%
latest quarter vs a year ago
Profit YoY (Mar 26)
+64.2%
latest quarter vs a year ago
Revenue 10y
21.8%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

66.4/100 — rank 1 of 48 in Trading · 72% evidence confidence

Rashi Peripherals Ltd scores 66.4 out of 100 against the 48 companies it is compared with in Trading, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 21.6 + 14.3 + 10.9 + 19.6 = 66.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Rashi Peripherals Ltd reported ₹4,489 Cr of revenue in the Mar 26 quarter, +51.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 7 years it has compounded at 21.8% a year. The last full year, FY26, came in at ₹15,827 Cr. The last four reported quarters add to ₹15,826 Cr.

Rashi Peripherals Ltd reported ₹4,489 Cr of revenue in the Mar 26 quarter, +51.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 7 years it has compounded at 21.8% a year. The last full year, FY26, came in at ₹15,827 Cr. The last four reported quarters add to ₹15,826 Cr.

FY26 revenue came in at ₹15,827 Cr (+14.9% on the year), capping 7 years at 21.8% compound. The latest quarter (Mar 26) printed ₹4,489 Cr, +51.0% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹15,827 Cr (+14.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
21.8% a year over 7 years
RevenueYoY growth
17.1k62%12.8k45%8.5k28%4.3k11%0−6.1%₹ Cr%₹15,82714.9%FY19FY22FY26
17.1k62%12.8k45%8.5k28%4.3k11%0−6.1%₹ Cr%₹15,82714.9%FY19FY22FY26
Mar 26: ₹4,489 Cr (+51.0% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
4.8k82%3.6k53%2.4k24%1.2k−5.0%0−34%₹ Cr%₹4,48951%Jun 23Sep 24Mar 26
4.8k82%3.6k53%2.4k24%1.2k−5.0%0−34%₹ Cr%₹4,48951%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +19.9% growth against the decade's 21.8% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +14.9% over the last 4 quarters against +19.4%/yr over the last 8 — rolling over; TTM profit +34.8% vs +40.2%/yr — rolling over.

→ Revenue grew — did margins hold as it scaled? Next: 3.0% this quarter (+0.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Rashi Peripherals Ltd's operating margin is 3.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 1.0% to 4.0%. The current quarter sits inside that band.

Rashi Peripherals Ltd's operating margin is 3.0% in the Mar 26 quarter, +0.0 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 1.0% to 4.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 3.0%, +0.0 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged 1.0%–4.0%.

🚨 Why the margin moved: operating margin went −0.2 pp year on year while gross margin went −0.4 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 3.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 8-year window.
within a 1.0–4.0% band over 8 years
operating marginYoY change (pp)
4.2%2.2%3.4%1.4%2.5%0.5%1.6%−0.4%0.8%−1.2%%%3%1%FY19FY22FY26
4.2%2.2%3.4%1.4%2.5%0.5%1.6%−0.4%0.8%−1.2%%%3%1%FY19FY22FY26
Mar 26: 3.0% operating margin (+0.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
4.2%2.3%3.4%1.2%2.5%0.0%1.6%−1.2%0.8%−2.3%%%3%0%Jun 23Sep 24Mar 26
4.2%2.3%3.4%1.2%2.5%0.0%1.6%−1.2%0.8%−2.3%%%3%0%Jun 23Sep 24Mar 26

→ Margins held — did that reach the bottom line? Next: profit +64.2% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Rashi Peripherals Ltd earned ₹87.0 Cr of net profit in the Mar 26 quarter, +64.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹282 Cr. The 7-year compound rate is 38.4%. That is 1.9% of the quarter's revenue. The same quarter a year earlier earned ₹53.0 Cr.

Rashi Peripherals Ltd earned ₹87.0 Cr of net profit in the Mar 26 quarter, +64.2% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹282 Cr. The 7-year compound rate is 38.4%. That is 1.9% of the quarter's revenue. The same quarter a year earlier earned ₹53.0 Cr.

Mar 26 profit was ₹87.0 Cr, +64.2% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹282 Cr (+34.3%), and the 7-year compound rate is 38.4%.

FY26 profit ₹282 Cr (+34.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
38.4% a year over 7 years
Net profitYoY growth
305281%228197%152113%7628%0−56%₹ Cr%₹28234.3%FY19FY22FY26
305281%228197%152113%7628%0−56%₹ Cr%₹28234.3%FY19FY22FY26
Mar 26: ₹87.0 Cr (+64.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
94237%70168%4798%2329%0−41%₹ Cr%₹8764.2%Jun 23Sep 24Mar 26
94237%70168%4798%2329%0−41%₹ Cr%₹8764.2%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +51.0% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +48.9% vs revenue +19.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: −45% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −45% of Rashi Peripherals Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹114 Cr of operating cash against ₹282 Cr of profit. After ₹39.0 Cr of capital spending, ₹75.0 Cr was left as free cash.

FY26: operating cash of ₹114 Cr against reported profit of ₹282 Cr, leaving free cash of ₹75.0 Cr after ₹39.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −45% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹114 Cr vs profit ₹282 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 8-year window, annual resolution.
−45% of 3-year profit arrived as cash
Operating cashNet profitFree cash
331153−25−203−381₹ Cr₹114₹282₹75FY19FY22FY26
331153−25−203−381₹ Cr₹114₹282₹75FY19FY22FY26
FY26: CFO = 40% of profit (three-year rate −45%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
247%135%22%−91%−203%%40%FY19FY22FY26
247%135%22%−91%−203%%40%FY19FY22FY26

🚨 Why conversion sits at −45%: the cash cycle stretched 17 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 17 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 60-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Rashi Peripherals Ltd's cash conversion cycle runs 60 days in FY26, up from 43 days in FY21. Capital spending ran ₹57.0 Cr over the last 3 years. At FY26 sales of ₹15,827 Cr each day of that cycle holds about ₹43.4 Cr, so roughly ₹2,602 Cr sits inside the business at any moment.

FY26: debtors at 50 days, inventory at 62 days — roughly 2.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 60 days, looser than FY21's 43.

The full loop: cash goes out to suppliers and production on day 0; stock waits 62 days to sell; customers pay about 50 days after that; and suppliers themselves are paid at 53 days — netting out to the 60-day cycle.

In money terms: at FY26 sales of ₹15,827 Cr, each day of the cycle holds about ₹43.4 Cr — so the 60-day loop keeps roughly ₹2,602 Cr sitting inside the business at any moment.

FY26: a 60-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 8-year window.
+17 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
6556483930days60d62d50d53dFY19FY20FY22FY24FY26
6556483930days60d62d50d53dFY19FY22FY26

On the investment side: capital spending of ₹57.0 Cr over the last 3 fiscal years against ₹58.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹39.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
493624120₹ Cr₹39₹0FY20FY21FY23FY24FY26
493624120₹ Cr₹39₹0FY20FY23FY26

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 17%.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Rashi Peripherals Ltd earns a ROCE of 17% in FY26. That is up from a trough of 14% in FY24. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 1.8% net margin on 2.97× asset turns.

FY26 ROCE is 17%, recovered from a FY24 trough of 14% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 1.8% net margin × 2.97× asset turns × 2.63× balance-sheet leverage ≈ 14.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

FY26: ROCE 17% Return on capital employed by fiscal year, % (line). 7-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY24's 14%
ROCEWACC
29%25%20%15%11%%17%FY20FY21FY23FY24FY26
29%25%20%15%11%%17%FY20FY23FY26

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 17% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.49.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Rashi Peripherals Ltd carries ₹991 Cr of borrowings against ₹2,025 Cr of equity in FY26, a debt-to-equity of 0.49. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹490 Cr to ₹991 Cr. Capital spending ran ₹57.0 Cr across the last 3 of those years.

FY26: borrowings of ₹991 Cr against equity of ₹2,025 Cr — a debt-to-equity of 0.49. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹490 Cr to ₹991 Cr while capital spending ran ₹57.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.

FY26: borrowings ₹991 Cr at 0.49× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 8-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
1.2k2.0×8761.6×5841.2×2920.8×00.3×₹ Cr×₹9910.49×FY19FY20FY22FY24FY26
1.2k2.0×8761.6×5841.2×2920.8×00.3×₹ Cr×₹9910.49×FY19FY22FY26

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 17% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 3.5 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions cut 3.5 points of Rashi Peripherals Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 12.7% of the company. Foreign institutions moved +1.9 points over the same window, to 3.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −3.5 points over 8 quarters to 12.7%; Foreign institutions: +1.9 points over 8 quarters to 3.3%; Promoters: +0.6 points over 8 quarters to 64.0%.

Why the register moved: rotation — foreign institutions +1.9 points against domestic institutions −3.5 points over 8 quarters, with promoters +0.6 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.6 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
69%51%32%14%−4.3%%64.0%0.8%17.4%17.8%Mar 24Mar 25Mar 26
69%51%32%14%−4.3%%64.0%0.8%17.4%17.8%Mar 24Mar 25Mar 26
Domestic institutions cut 3.5 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 10 quarters.
PromotersForeign inst.Domestic inst.Public
69%51%32%14%−4.4%%64.0%3.3%12.7%20.0%Mar 24Mar 25Jun 26
69%51%32%14%−4.4%%64.0%3.3%12.7%20.0%Mar 24Mar 25Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Rashi Peripherals Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · Trading Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Rashi Peripherals Ltd this page18.5×₹5,139 CrConsistent
Adani Enterprises Ltd₹4.1L CrMixed
Lloyds Enterprises Ltd1,079.0×₹11,894 CrTurning around
RRP Semiconductor Ltd₹11,877 CrNo read
MMTC Ltd92.2×₹9,228 CrNo read
SG Mart Ltd72.3×₹8,993 CrMixed
PTC India Ltd8.0×₹4,866 CrMixed
Euro Pratik Sales Ltd37.2×₹3,083 CrNo read
Shankara Buildpro Ltd23.1×₹2,998 CrNo read
Blue Pearl Agriventures Ltd5,705.0×₹2,795 CrNo read
BN Agrochem Ltd78.2×₹2,688 CrNo read
Onix Solar Energy Ltd34.7×₹2,300 CrNo read
Aayush Art and Bullion Ltd227.0×₹1,790 CrNo read
Onix Solar Energy Ltd117.0×₹1,779 CrNo read
Kothari Industrial Corporation Ltd₹1,761 CrNo read
Kothari Industrial Corporation Ltd₹1,728 CrNo read
Aayush Art and Bullion Ltd882.0×₹1,702 CrMixed
Keto Motors Ltd₹1,603 CrNo read
Le Merite Exports Ltd87.0×₹1,177 Cr
Arisinfra Solutions Ltd18.5×₹1,007 CrNo read
Sudarshan Pharma Industries Ltd43.2×₹1,006 CrNo read
Tembo Global Industries Ltd10.8×₹984 CrMixed
A-1 Ltd383.0×₹947 CrDeteriorating
Bizotic Commercial Ltd86.4×₹936 Cr
Neueon Corporation Ltd₹930 CrNo read
Shah Foods Ltd276.0×₹908 Cr
Hexa Tradex Ltd₹857 CrNo read
Dhunseri Ventures Ltd9.4×₹854 CrDeteriorating
Vision Infra Equipment Solutions Ltd24.9×₹774 Cr
Hardwyn India Ltd58.5×₹773 CrImproving
Yogi Ltd36.9×₹765 CrNo read
Patel Retail Ltd19.1×₹746 CrNo read
Yogi Ltd39.1×₹741 CrNo read
Nupur Recyclers Ltd51.0×₹725 CrMixed
Mardia Samyoung Capillary Tubes Company Ltd687.0×₹707 CrNo read
State Trading Corporation of India Ltd15.9×₹707 CrNo read
Uniphos Enterprises Ltd33.0×₹683 CrNo read
Cropster Agro Ltd43.7×₹679 CrNo read
Fabtech Technologies Ltd13.7×₹666 CrNo read
Sudarshan Pharma Industries Ltd28.7×₹609 CrNo read
12 · Frequently asked questions

Frequently asked questions

What is Rashi Peripherals Ltd's share price today?

Rashi Peripherals Ltd trades at ₹734, +131.2% over the past year. The company is valued at ₹5,139 Cr. The stock sits at 89% of its 52-week range of ₹296–₹788, +54.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 37 weeks in. — as of 24 July 2026.

What were Rashi Peripherals Ltd's latest quarterly results?

Rashi Peripherals Ltd reported revenue of ₹4,489 Cr and net profit of ₹87.0 Cr for the Mar 26 quarter. Revenue rose 51.0% and profit rose 64.2% year on year. Earnings per share were ₹12.78. The operating margin was 3.0%, 0.0 pp higher than a year earlier. — as of 24 July 2026.

What is Rashi Peripherals Ltd's revenue?

Rashi Peripherals Ltd reported revenue of ₹4,489 Cr in the Mar 26 quarter, +51.0% year on year. For the full FY26 fiscal year, revenue was ₹15,827 Cr (+14.9%). Over the last 7 years revenue compounded at 21.8% a year. — as of 24 July 2026.

What is Rashi Peripherals Ltd's profit?

Rashi Peripherals Ltd earned ₹87.0 Cr of net profit in the Mar 26 quarter, +64.2% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹282 Cr. The operating margin ran 3.0% in the latest quarter. — as of 24 July 2026.

What is Rashi Peripherals Ltd's market cap?

Rashi Peripherals Ltd's market capitalisation is ₹5,139 Cr at a share price of ₹734. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Rashi Peripherals Ltd's P/E ratio?

Rashi Peripherals Ltd trades at a P/E of 18.5×, at the 93rd percentile of its own 2-year range, against a long-run median of 10.6×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Rashi Peripherals Ltd pay a dividend?

Yes — Rashi Peripherals Ltd's dividend payout was 5% of profit in FY26, and it recorded a payout in 4 of its last 8 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Rashi Peripherals Ltd overvalued?

On its own history, Rashi Peripherals Ltd looks expensive against its own history: its P/E of 18.5× sits at the 93rd percentile of its 2-year range (long-run median 10.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Rashi Peripherals Ltd growing?

Yes — Rashi Peripherals Ltd is growing: latest-quarter revenue +51.0% year on year, profit +64.2%, and the margin +0.0 pp at 3.0%. The 7-year compound rates are 21.8% (revenue) and 38.4% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Rashi Peripherals Ltd performing?

Rashi Peripherals Ltd is in a confirmed uptrend, 37 weeks in. Its latest quarter's revenue rose 51.0% and profit rose 64.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 50 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Rashi Peripherals Ltd in?

Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 17.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +51.0% latest, profit growth +64.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Rashi Peripherals Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 37 of stage 2), trading +54.5% versus its 200-day average and at 89% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Rashi Peripherals Ltd beating the market?

On recent form, yes — Rashi Peripherals Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 50 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.4 years the stock moved +112% against the NIFTY 500's +16% — ahead of the index over the full window. — as of 24 July 2026.

Will Rashi Peripherals Ltd's share price go up?

This page publishes no price forecast for Rashi Peripherals Ltd. What it measures instead: the share price is ₹734, the price is in a confirmed uptrend 37 weeks in. Its P/E of 18.5× sits at the 93rd percentile of its own 2-year range. — as of 24 July 2026.

Who owns Rashi Peripherals Ltd?

Promoters hold 64.0% of Rashi Peripherals Ltd, foreign institutions 3.3%, domestic institutions 12.7% and the public 20.0% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 3.5 points over 8 quarters. — as of 24 July 2026.

Does Rashi Peripherals Ltd have too much debt?

It is moderate — Rashi Peripherals Ltd's debt-to-equity is 0.49, and operating profit covers the interest bill 4×. FY26 borrowings were ₹991 Cr against equity of ₹2,025 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is Rashi Peripherals Ltd's capex?

Rashi Peripherals Ltd spent ₹57.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹39.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Rashi Peripherals Ltd's cash flow?

Rashi Peripherals Ltd generated ₹114 Cr of operating cash flow in FY26 and ₹75.0 Cr of free cash flow after ₹39.0 Cr of capital spending. Reported profit that year was ₹282 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Rashi Peripherals Ltd's profit real cash?

Not fully — over the last 3 fiscal years, −45% of Rashi Peripherals Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹114 Cr against reported profit of ₹282 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is Rashi Peripherals Ltd in its business cycle?

Rashi Peripherals Ltd's FY26 operating margin was 3.0%, against a 8-year band of 1.0%–4.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 3.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Rashi Peripherals Ltd story?

The sharpest disagreement: profits are rising, but only −45% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Rashi Peripherals Ltd a stock worth studying right now?

This is not investment advice. The machine read: Rashi Peripherals Ltd's price has outrun its earnings. +131.2% in a year against EPS +33.4% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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