Tam Expansion Changing Consumption
Expected: Multi-yearHIGH confidence
What: PC Market Growth: >10%
“The domestic PC market delivered one of its strongest quarter ever in this quarter with shipments growing upwards of 10% year-over-year.”
Rashi Peripherals Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +40.2%Average12w StreakAccelerating
In , Rashi Peripherals Ltd (Trading) is outperforming Nifty 500 with +40.2% relative strength. Fundamentals: Average. On a 12-week streak.
Rashi Peripherals Ltd Key Facts
- PE Ratio
- 14.4x
- Price/Book
- 1.36x
- Market Cap
- ₹3,497 Cr
- PAT Growth YoY
- +134%
- Revenue Growth YoY
- +43%
- OPM
- 3.0%
- RS vs Nifty 500
- +40.2%
PE: Mid ContractionStrong Opportunity
What's Happening
💎PE falling while earnings hold — value emerging
🏛️DII accumulation — stake up 2.6%
Earnings Acceleration Triggers
1. Tam Expansion Changing Consumption
Multi-yearHIGH
2. Value Added Product Mix Shift
CurrentMEDIUM
3. Interest Cost Reduction Deleveraging
ImmediateMEDIUM
Key Risks
1. Component prices, especially RAM, are increasing by 2x to 3x, leading to potenti
HIGH2. Dollar appreciation is contributing to the uptrend in IT product prices
MEDIUM3. Incremental impact of over ₹4 Cr due to new Labour Code notifications
LOWSector-Specific Signals
Inventory Days56 days+2 days
Debtor Days47 days-14 days
Creditor Days43 daysNot Given
Working Capital Days60 daysStable
Key Numbers
PAT Growth YoY
+134%
Stable
Revenue YoY
+43%
Inflection Up
Operating Margin
3.0%
+200 bps YoY
PE Ratio
14.4
PEG Ratio
0.82
EV/EBITDA
8.2
Current Price
₹531
Dividend Yield
0.38%
Fundamental Score
57/100
Average
3Y PAT CAGR
+5%
Market Cap
3.5K Cr
Valuation
Slightly Undervalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Rashi Peripherals Ltd's Earnings Accelerating?
Based on Q3 FY26 earnings • Updated Apr 18, 2026
Value Added Product Mix Shift
Expected: CurrentMEDIUM confidence
What: PES Business Share: 56%
Impact: 500 bps increase
“However, in the current Q3 of 2025, the PES business has gone up and now it is at 56%. So there is a 5 percentage basis point increase.”
Interest Cost Reduction Deleveraging
Expected: ImmediateMEDIUM confidence
What: Credit Rating: AA-
Impact: Lower borrowing cost
“So we achieved a credit rating upgrade this quarter, right? ... our primary objective was to reduce our cost of borrowing.”
Revenue growth of 43% YoY
HIGH confidence
What: Revenue growth of 43% YoY
“witnessed sustained sales momentum, particularly as channel partners stocked inventory ahead of expected price increases and driven by expected component shortages.”
What Are the Key Risks for Rashi Peripherals Ltd?
Earnings deceleration risks from management commentary
Component prices, especially RAM, are increasing by 2x to 3x, leading to potenti
HIGHTrigger: Global supply constraints and AI infrastructure demand are diverting chips to hyperscalers.
Management view: Planning inventory months in advance and passing through price increases to customers.
Monitor: commodity
Dollar appreciation is contributing to the uptrend in IT product prices
MEDIUMTrigger: Import-heavy nature of the business makes it sensitive to USD/INR fluctuations.
Management view: Price increases to customers include both product price hikes and dollar appreciation adjustments.
Monitor: fx
Incremental impact of over ₹4 Cr due to new Labour Code notifications
LOWTrigger: Revised definition of wages leading to higher gratuity and leave liabilities.
Impact: PAT impact: ₹4 Cr
Management view: Prudently recognized the incremental impact in the current period.
Monitor: labor
What Is Rashi Peripherals Ltd's Management Saying?
Key quotes from recent conference calls
“Should we expect this run rate to continue for Q4 because your guidance was sort of 15% plus on the base business [Previous Base Business Growth guidance]”
“So as a part of -- one is the need for execution because in SAARC countries, material pickup is normally preferred from either Hong Kong or Dubai. [Initiative: UAE Subsidiary Setup]”
“And there are some products like the RAM, where the price increase is 2x or even 3x. So it is very varied. [Risk (commodity): HIGH]”
“While the industry is witnessing an uptrend in the IT product prices due to global supply constraints, and dollar appreciation. [Risk (fx): MEDIUM]”
What Did Rashi Peripherals Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹4,030 Cr
YoY +43%
Why: Growth was driven by both price and volume increases, particularly as channel partners stocked inventory ahead of expected price hikes and component shortages.
Consolidated revenue saw a sharp uptick due to inventory pre-buying by partners.
EBITDA
₹116.1 Mn
Margin 2.88%
Why: Improved margins were driven by economies of scale and higher cycle efficiency despite rising IT product prices.
EBITDA margins expanded to 2.88% from 2.18% in the previous fiscal year.
PAT
₹75 Cr
YoY +132%
Why: Profit growth was fueled by the 43% revenue surge and improved operational efficiencies, resulting in one of the best third-quarter performances.
PAT growth significantly outpaced revenue growth due to margin expansion.
Other Highlights
• Positive operating cash flow of ₹34 Cr year-to-date.
• Debtor days improved to 47 days from 61 days a year ago.
• Launched 55th branch in Solapur to enhance regional presence.
What Sector Metrics Matter for Rashi Peripherals Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Inventory Days
56 days
YoY +2 days
Why: Increased marginally to support strong demand and ensure product availability.
Debtor Days
47 days
YoY -14 days
Why: Reflects stronger collection and tighter credit monitoring.
Creditor Days
43 days
YoY Not Given
Why: Maintained in line with balanced vendor management and payment discipline.
Working Capital Days
60 days
YoY Stable
Why: Remaining stable and well aligned with the operating model.
PES Revenue Share
56%
YoY +500 bps
Why: Growth in branded desktops, notebooks, and workstations.
LIT Revenue Share
44%
YoY -500 bps
Why: Relative decrease as PES business grew faster.
Blended Cost of Borrowing
7.5% to 8%
Debt to Equity Ratio
0.5
Why: Management expects to maintain this level despite business growth.
Total Branches
55
YoY +1
Why: Launched a new branch in Solapur to enhance regional presence.
Operating Cash Flow (YTD)
₹34 Cr
YoY Positive
Why: Generated positive flow after periods of outflow in earlier years.
What Is Rashi Peripherals Ltd's Management Guidance?
Forward-looking targets from management for FY26
Revenue Growth Target
15%
OPM Guidance
2.9%
Revenue Outlook
15% to 20%
Margin Outlook
Expect margins to remain at similar levels to Q3.
Volume
Unit-wise volume growth is expected to be flattish for the next two quarters.
Management Tone: BULLISH
Guidance Changes
REAFFIRMED
Revenue Growth: 15% plus → 15% to 20%
How Fast Is Rashi Peripherals Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +43% | +14% | Inflection Up |
| PAT (Net Profit) | +134% | +5% | Stable |
| OPM | 3.0% | +200 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Rashi Peripherals Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Rashi Peripherals Ltd's latest quarterly results?
Rashi Peripherals Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +134.4% (stable)
- Revenue Growth YoY: +42.6%
- Operating Margin: 3.0% (stable)
Is Rashi Peripherals Ltd's profit growing or declining?
Rashi Peripherals Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +134.4% (latest quarter)
- PAT Growth QoQ: +27.1% (sequential)
- 3-Year PAT CAGR: +4.7%
- Trend: Stable — consistent growth pattern
What is Rashi Peripherals Ltd's revenue growth trend?
Rashi Peripherals Ltd's revenue growth trend is turning around (inflection up).
- Revenue Growth YoY: +42.6%
- Revenue Growth QoQ: -3.0% (sequential)
- 3-Year Revenue CAGR: +13.9%
How is Rashi Peripherals Ltd's operating margin trending?
Rashi Peripherals Ltd's operating margin is stable.
- Current OPM: 3.0%
- OPM Change YoY: +2.0% basis points
- OPM Change QoQ: +1.0% basis points
What is Rashi Peripherals Ltd's 3-year profit and revenue CAGR?
Rashi Peripherals Ltd's long-term compounding rates
- 3-Year Profit CAGR: +4.7%
- 3-Year Revenue CAGR: +13.9%
Is Rashi Peripherals Ltd's growth accelerating or decelerating?
Rashi Peripherals Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +115.7% bps
- Sequential Acceleration: +31.9% bps
What is Rashi Peripherals Ltd's trailing twelve month (TTM) performance?
Rashi Peripherals Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹249 Cr
- TTM PAT Growth: +22.1% YoY
- TTM Revenue: ₹14,000 Cr
- TTM Revenue Growth: +3.7% YoY
- TTM Operating Margin: 2.7%
Is Rashi Peripherals Ltd overvalued or undervalued?
Rashi Peripherals Ltd appears slightly undervalued based on our fair value analysis.
- Valuation Signal: Slightly Undervalued
- Current PE: 14.4x
- Price-to-Book: 1.9x
What is Rashi Peripherals Ltd's current PE ratio?
Rashi Peripherals Ltd's current PE ratio is 14.4x.
- Current PE: 14.4x
- Market Cap: 3.5K Cr
- Dividend Yield: 0.38%
How does Rashi Peripherals Ltd's valuation compare to its history?
Rashi Peripherals Ltd's current PE is 14.4x.
- Current PE: 14.4x
- Valuation Assessment: Slightly Undervalued
What is Rashi Peripherals Ltd's price-to-book ratio?
Rashi Peripherals Ltd's price-to-book ratio is 1.9x.
- Price-to-Book (P/B): 1.9x
- Book Value per Share: ₹281
- Current Price: ₹531
Is Rashi Peripherals Ltd a fundamentally strong company?
Rashi Peripherals Ltd is rated Average with a fundamental score of 57/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +42.6% (10% weight)
- PAT Growth YoY: +134.4% (10% weight)
- PAT Growth QoQ: +27.1% (10% weight)
- Margins stable (10% weight)
- PEG Ratio: 0.8x vs sector median (15% weight)
- EV/EBITDA: 8.2x vs sector median (15% weight)
Is Rashi Peripherals Ltd debt free?
Rashi Peripherals Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹970 Cr
What is Rashi Peripherals Ltd's return on equity (ROE) and ROCE?
Rashi Peripherals Ltd's return ratios over recent years
- FY2023: ROCE 16.0%
- FY2024: ROCE 14.0%
- FY2025: ROCE 14.0%
Is Rashi Peripherals Ltd's cash flow positive?
Rashi Peripherals Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-299 Cr
- Free Cash Flow (FCF): ₹-246 Cr
- CFO/PAT Ratio: -142% (weak cash conversion)
What is Rashi Peripherals Ltd's dividend yield?
Rashi Peripherals Ltd's current dividend yield is 0.38%.
- Dividend Yield: 0.38%
- Current Price: ₹531
Who holds Rashi Peripherals Ltd shares — promoters, FII, DII?
Rashi Peripherals Ltd's shareholding pattern (Mar 2026)
- Promoters: 64.0%
- FII (Foreign): 0.8%
- DII (Domestic): 17.4%
- Public: 17.8%
Is promoter holding increasing or decreasing in Rashi Peripherals Ltd?
Rashi Peripherals Ltd's promoter holding has increased recently.
- Current Promoter Holding: 64.0% (Mar 2026)
- Previous Quarter: 64.0% (Dec 2025)
- Change: +0.03% (increasing — positive signal)
How long has Rashi Peripherals Ltd been outperforming Nifty 500?
Rashi Peripherals Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Rashi Peripherals Ltd a new momentum entry or an established outperformer?
Rashi Peripherals Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Rashi Peripherals Ltd?
Rashi Peripherals Ltd has 4 key growth catalysts identified from recent earnings analysis
- Tam Expansion Changing Consumption — Large-scale enterprise refresh cycles and adoption of AI-ready devices are driving a multi-year upgrade cycle.
- Value Added Product Mix Shift — Shift toward higher-value Personal Computing and Enterprise Solutions (PES) from Lifestyle and IT Essentials (LIT).
- Interest Cost Reduction Deleveraging — Recent credit rating upgrade to AA- allows for lower cost of borrowing and enhanced borrowing power.
- Revenue growth of 43% YoY — Driven by channel partners stocking inventory ahead of expected price increases and component shortages.
What are the key risks in Rashi Peripherals Ltd?
Rashi Peripherals Ltd has 3 key risks worth monitoring
- [HIGH] Component prices, especially RAM, are increasing by 2x to 3x, leading to potenti — Global supply constraints and AI infrastructure demand are diverting chips to hyperscalers.
- [MEDIUM] Dollar appreciation is contributing to the uptrend in IT product prices — Import-heavy nature of the business makes it sensitive to USD/INR fluctuations.
- [LOW] Incremental impact of over ₹4 Cr due to new Labour Code notifications — Revised definition of wages leading to higher gratuity and leave liabilities.
What did Rashi Peripherals Ltd's management say in the latest earnings call?
In Q3 FY26, Rashi Peripherals Ltd's management highlighted
- "Should we expect this run rate to continue for Q4 because your guidance was sort of 15% plus on the base business [Previous Base Business Growth guid..."
- "So as a part of -- one is the need for execution because in SAARC countries, material pickup is normally preferred from either Hong Kong or Dubai. [I..."
- "And there are some products like the RAM, where the price increase is 2x or even 3x. So it is very varied. [Risk (commodity): HIGH]"
What is Rashi Peripherals Ltd's management guidance for growth?
Rashi Peripherals Ltd's management has provided the following forward guidance for FY26
- Revenue growth target: 15%
- OPM guidance: 2.9%
- Management tone: bullish
- Milestone: [REAFFIRMED] Revenue Growth: 15% plus → 15% to 20%
What sector-specific metrics matter most for Rashi Peripherals Ltd?
Rashi Peripherals Ltd's most important sub-sector-specific KPIs from the latest concall
- Inventory Days: 56 days (YoY +2 days) — Increased marginally to support strong demand and ensure product availability.
- Debtor Days: 47 days (YoY -14 days) — Reflects stronger collection and tighter credit monitoring.
- Creditor Days: 43 days (YoY Not Given) — Maintained in line with balanced vendor management and payment discipline.
- Working Capital Days: 60 days (YoY Stable) — Remaining stable and well aligned with the operating model.
- PES Revenue Share: 56% (YoY +500 bps) — Growth in branded desktops, notebooks, and workstations.
- LIT Revenue Share: 44% (YoY -500 bps) — Relative decrease as PES business grew faster.
Is Rashi Peripherals Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Rashi Peripherals Ltd may be worth studying
- Earnings growing at +134.4% YoY
- Valuation: appears slightly undervalued
What is the investment thesis for Rashi Peripherals Ltd?
Rashi Peripherals Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +42.6% YoY
- Growth catalyst: Tam Expansion Changing Consumption
Risk Factors (Bear Case)
- Key risk: Component prices, especially RAM, are increasing by 2x to 3x, leading to potenti
What is the future outlook for Rashi Peripherals Ltd?
Rashi Peripherals Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: turning around (inflection up)
- Margin Trend: stable
- Valuation: Slightly Undervalued
- Key Catalyst: Tam Expansion Changing Consumption
- Key Risk: Component prices, especially RAM, are increasing by 2x to 3x, leading to potenti
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.