RACL Geartech share price today

RACL Geartech Ltd's share price was ₹1,416.30 at the close on 4 November 2026. It has been rising for 70 weeks. That is 4.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹960 and ₹1,761, and at that close it sat 57% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today RACL Geartech Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +4,905% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 12 quarters, profit up on a year earlier for 5 quarters in a row and revenue up on a year earlier for 4 quarters in a row.

1. Best operating margin in 12 quarters

   Operating margin was 24.1% in the June 2026 quarter, against 18.7% a year earlier.

2. Profit up on a year earlier for 5 quarters in a row

   In the June 2026 quarter profit was ₹9 crore, +7.7% on a year earlier.

   Why: Profit rose because the company paid less interest on its loans after repayments.

   Next results: check whether interest cost stays lower as loans are repaid.

   From the earnings call on 25 Aug 2026.

3. Revenue up on a year earlier for 4 quarters in a row

   In the June 2026 quarter revenue was ₹132 crore, +31.5% on a year earlier.

   Why: Revenue rose because KTM Austria came back to normal volumes and its new flagship model sold well.

   Next results: check whether BMW signs off on October 24 and starts customer-car supplies in October-November.

   From the earnings call on 25 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), RACL Geartech reported revenue of ₹132 crore, up 31.5% from ₹101 crore a year earlier, and a profit of ₹8.90 crore, up 7.7% from ₹8.26 crore.

RACL Geartech results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

RACL Geartech's management discussed these results on a call held on 25 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

RACL Geartech closed at ₹1,416.30 on 4 November 2026, up 37.9% from ₹1,027.15 a year earlier (7 November 2025) and up 159.2% over five years. Its highest weekly close since February 2016 was ₹1,761.45 on 18 September 2026.

RACL Geartech share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: RACL Geartech closed at ₹1,416.30, up 3.9% on the week and down 8.1% on the month. 25 Aug 2026: RACL Geartech held its results call for April to June 2026. Management guided: FY27 revenue guidance retained within the stated plus or minus 5% range; longer-term annual growth goal 15-20% over the next 3-4 years.

Earlier

• Results for April to June 2026: Revenue up 31.5% and profit up 7.7% on a year earlier.
• 20 Feb 2026: ex-date for an interim dividend of ₹1.50 a share.

RACL Geartech paid ₹1.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.11% at the ₹1,416.30 close on 4 November 2026. The last was an interim dividend of ₹1.50 a share, ex-date 20 February 2026.

RACL Geartech dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. RACL Geartech Ltd paid out 4% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 8 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 25 August 2026, RACL Geartech's management guided: FY27 revenue guidance retained within the stated plus or minus 5% range; longer-term annual growth goal 15-20% over the next 3-4 years.

“Caution will always work together with sustainable growth. We do not want to enter a rat race of driving numbers without ensuring that whatever we do is sustainable.”Gursharan Singh, on the call for April to June 2026

What management guided

• FY27 full-year blended tax rate at 25.6%.
• Heat-treatment building completion by October 2026; equipment arrival September-October 2026, commissioning October-December 2026, trial production January 2027.
• FY27 Capital spending approximately ₹77 crore, including roughly ₹40 crore heat-treatment replacement and ₹30-35 crore capacity expansion, with expansion partly spanning FY27-FY28.
• BMW final sign-off on October 24, 2026, followed by customer-car supplies in October-November.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 25 August 2026.

When RACL Geartech reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: BMW final sign-off and customer-car pilot shipments - check approval and transition from conditional parts to planned commercial flow.

RACL Geartech is not on any of our India lists this week.

RACL Geartech Ltd earned ₹8.9 Cr of net profit in the Jun 2026 quarter, +7.7% on the same quarter a year earlier. That is the 5th quarter in a row of profit growth. Full-year FY26 profit was ₹49.0 Cr. Over 7 years profit has grown 25.5% a year on average. That is 6.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹8.3 Cr.

For the full year, FY26 profit was ₹49.0 Cr (+104.2% on the year before).

Why profit moved: revenue changed +31.5% on a year earlier and the margin moved +5.4 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +82.8% and revenue +29.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

RACL Geartech Ltd reported ₹132 Cr of revenue in the Jun 2026 quarter, +31.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 7 years it has grown 14.5% a year on average. The last full year, FY26, came in at ₹490 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹522 Cr.

FY26 revenue was ₹490 Cr, +18.1% on the year before.

Recent pace: the last four quarters grew +29.4% on average, against 14.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +28.2%, against +10.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +78.1%, against +19.4% a year (accelerating).

RACL Geartech Ltd's operating margin was 24.1% in the Jun 2026 quarter, 5.4 percentage points higher than the same quarter a year ago. Across 8 years it has been between 17.0% and 25.0%. The latest quarter is within that range.

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

Why the margin moved: operating margin changed +5.4 percentage points on the year while gross margin changed +5.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 163% of RACL Geartech Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹92.0 Cr of operating cash against ₹49.0 Cr of profit. After ₹51.0 Cr of spending on assets, ₹41.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 163% of profit came in as cash: the cash cycle got 144 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

RACL Geartech Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 329 days in FY26, up from 185 days in FY21. It spent ₹205 Cr on assets over the last 3 years. Customers take 109 days to pay, and stock sits for 375 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹490 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹442 Cr is tied up in the business at any time.

FY26: customers took 109 days to pay and stock sat for 375 days, about 12.3 months of sales sitting as stock, for a full cycle of 329 days, longer than FY21's 185.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 375 days. Customers pay about 109 days after that. Suppliers are paid at 155 days. Together that makes the 329-day cycle.

Spending on assets: ₹205 Cr over the last 3 years, against ₹89.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹3.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

RACL Geartech Ltd's P/E is 33.5×, near the high end of its own history: higher than 76% of past readings. Its usual P/E (the middle reading) is 28.9×, over 7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.