# Raghav Productivity Enhancers share price today (Raghav Productivity Enhancers Ltd, NSE: RPEL)

> Raghav Productivity Enhancers share price today: ₹1,737.20 at the NSE close on 3 November 2026, up 121.9% in a year. Raghav Productivity Enhancers (NSE: RPEL) is worth ₹7,980 crore, trades at a P/E of 113.7 and has closed between ₹599.25 and ₹1,844.25 over the past 52 weeks. > Raghav Productivity Enhancers Ltd's share price has risen faster than its earnings: +121.9% in a year, against +48.3% for earnings per share. RPEL · Refractories · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/raghav-productivity-enhancers-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,737.20 (+121.9% in a year)
- P/E: 113.7× (higher than 91% of the last 5.5 years)
- Revenue (Sep 2026): ₹93.0 Cr (+45.3% on a year ago)
- Profit (Sep 2026): ₹22.0 Cr (+57.1% on a year ago)
- Operating margin: 30.0% (+1.0 points on a year ago)
- ROCE: 30%, FY26
- ROIC: 30.4%, against a 12.0% cost of capital: +18.4 points

The main question: the share price moved +121.9% in a year while yearly earnings per share moved +48.3%. The difference came from the market paying a higher multiple. ## What is the Raghav Productivity Enhancers share price today? Raghav Productivity Enhancers Ltd's share price was ₹1,737.20 at the close on 3 November 2026. It has been rising for 22 weeks. That is 37.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹599 and ₹1,844, and at that close it sat 91% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 34 weeks in a row. Over the last 11 years the share price moved +24,163% while the NIFTY 500 moved +230%, 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. ## What changed at Raghav Productivity Enhancers this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row, profit up on a year earlier for 11 quarters in a row and highest quarterly profit in 16 quarters. 1. Revenue up on a year earlier for 11 quarters in a row In the September 2026 quarter revenue was ₹93 crore, +45.3% on a year earlier. 2. Profit up on a year earlier for 11 quarters in a row In the September 2026 quarter profit was ₹22 crore, +57.1% on a year earlier. 3. Highest quarterly profit in 16 quarters Profit of ₹22 crore in the September 2026 quarter is the highest of the last 16 quarters. ## What are Raghav Productivity Enhancers' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Raghav Productivity Enhancers reported revenue of ₹93.0 crore, up 45.3% from ₹64.0 crore a year earlier, and a profit of ₹22.0 crore, up 57.1% from ₹14.0 crore. ### Raghav Productivity Enhancers results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹93.0 crore | ₹64.0 crore | +45.3% |
| Profit | ₹22.0 crore | ₹14.0 crore | +57.1% |
| Earnings per share | ₹4.71 | ₹3.01 | +56.5% |
| Operating margin | 30.0% | 29.0% | +1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Raghav Productivity Enhancers share price history? Raghav Productivity Enhancers closed at ₹1,737.20 on 3 November 2026, up 121.9% from ₹782.75 a year earlier (31 October 2025) and up 836.0% over five years. Its highest weekly close since April 2016 was ₹1,844.25 on 11 September 2026. ### Raghav Productivity Enhancers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,631.60 | +6.5% |
| 1 month ago · 1 Oct 2026 | ₹1,817.75 | −4.4% |
| 6 months ago · 30 Apr 2026 | ₹701.35 | +147.7% |
| 1 year ago · 31 Oct 2025 | ₹782.75 | +121.9% |
| 3 years ago · 3 Nov 2023 | ₹322.83 | +438.1% |
| 5 years ago · 4 Nov 2021 | ₹185.59 | +836.0% |
| 10 years ago · 4 Nov 2016 | ₹15.87 | +10,846.4% |
| Earliest weekly close in our records · 13 Apr 2016 | ₹7.16 | +24,162.6% |
| Highest weekly close since April 2016, also the 52-week high · 11 Sep 2026 | ₹1,844.25 | −5.8% |
| Lowest weekly close since April 2016 · 3 Jun 2016 | ₹7.14 | +24,230.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹599.25 | +189.9% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (509 weekly closes from 13 April 2016 to 3 November 2026.)

## What is the latest news on Raghav Productivity Enhancers? 3 Nov 2026: Raghav Productivity Enhancers closed at ₹1,737.20, up 6.5% on the week and down 4.4% on the month. Results for July to September 2026: Revenue up 45.3% and profit up 57.1% on a year earlier. ### Earlier

- 19 Jun 2026: ex-date for a dividend of ₹1 a share. - 29 Nov 2024: Bonus issue: 1 new share for every 1 held (ex-date). ## What dividend does Raghav Productivity Enhancers pay? Raghav Productivity Enhancers paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.06% at the ₹1,737.20 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 19 June 2026. ### Raghav Productivity Enhancers dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 19 Jun 2026 | ₹1 | Dividend |
| 14 Aug 2025 | ₹1 | Dividend |

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. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Raghav Productivity Enhancers Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 6 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Raghav Productivity Enhancers management say on the latest results call? Raghav Productivity Enhancers' management made 0 promises we could check against what it later reported. (Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Raghav Productivity Enhancers? What is changing in the business? One change in Raghav Productivity Enhancers' own numbers looks lasting: costs spread over more sales. Costs spread over more sales looks lasting

More sales are generating disproportionately more operating profit on the installed factory base. Revenue rose from ₹58 crore to ₹87 crore in the latest year-on-year comparison, while operating profit rose from ₹16 crore to ₹26 crore. The March presentation reports 87% fourth-quarter factory utilisation. The next expansion is a separate delivery milestone within this driver. Why it may last: The company owns the manufacturing base and its production capability, so spreading its existing costs over more sales can continue beyond a single quarter. Steel demand and additional expansion costs can still change the size of the benefit. Next check: Operating margin stays at or above 29% as revenue grows, and the next inventory disclosure shows that the additional sales are reducing stock rather than building it. Quarter by quarter, 4 quarters

July to September 2025

Revenue increased from ₹49 crore to ₹64 crore and operating profit from ₹13 crore to ₹19 crore against the same quarter a year earlier. Operating margin rose despite a lower gross margin, supporting better absorption of costs below the cost of materials. ✓ fact

October to December 2025

Revenue and operating profit remained ₹64 crore and ₹19 crore on the rounded sequential data. Against the previous December, revenue increased from ₹55 crore and operating profit from ₹14 crore. Operating margin improved while gross margin declined, again supporting cost absorption rather than an input-price windfall. ✓ fact

January to March 2026

Reported operating profit reached ₹21 crore on revenue of ₹71 crore, versus ₹14 crore on ₹51 crore a year earlier. Factory use supports the mechanism, but the planned additional capacity had a future commissioning date. ✓ fact

From our notes of the call for January to March 2026: Capacity utilization during the 4th quarter was 87%. April to June 2026

Revenue rose to ₹87 crore and operating profit to ₹26 crore; depreciation remained ₹2 crore. Detailed June utilisation and fixed-cost figures were not disclosed in the retrieved commentary. Operating margin was higher than the previous June but slipped sequentially from 30.10% to 29.63%; sales and operating profit both increased, so the fixed-cost test did not reverse. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Raghav Productivity Enhancers story? What are the risks? A post-expansion result showing lower sales and operating profit alongside further inventory accumulation, without an identified temporary cause, would break the assumption that added capacity converts into profitable customer demand. ### Each change stops working if

- Existing-plant capacity expansion: The additional lines remain unavailable or incremental sales require concessions that erase the contribution. - Reported operating earnings expansion: Sales growth slows while operating margins retreat and operating profit ceases to expand. - Odisha joint venture: Funding or construction fails to advance after incorporation. - Customer absorption of freight increases: Customers require freight subsidies or switch suppliers when delivered prices rise. ### The main risks

- : The commissioning deadline has passed without confirmation in the fetched evidence. ⚠ estimate
- : Inventory accumulation reduces the cash benefit of reported profit growth. ⚠ estimate
- : Current margins exceed the normal-margin assumption. ⚠ estimate
- : Joint-venture incorporation does not establish operating returns. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Raghav Productivity Enhancers' next results? When Raghav Productivity Enhancers reports October to December 2026, these are the check that show whether the story is still on course. First: Operating margin stays at or above 29% as revenue grows, and the next inventory disclosure shows that the additional sales are reducing stock rather than building it. | What to check | Why |
| --- | --- |
| Operating margin stays at or above 29% as revenue grows, and the next inventory disclosure shows that the additional sales are reducing stock rather than building it. | Costs spread over more sales |

## Which stock lists is Raghav Productivity Enhancers on? Raghav Productivity Enhancers is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 7614.935510988351](https://www.sectoralpha.in/momentum-stocks-india)

## Is Raghav Productivity Enhancers profitable? Raghav Productivity Enhancers Ltd earned ₹22.0 Cr of net profit in the Sep 2026 quarter, +57.1% on the same quarter a year earlier. That is the 11th quarter in a row of profit growth. Full-year FY26 profit was ₹55.0 Cr. Over 10 years profit has grown 49.3% a year on average. That is 23.7% of the quarter's revenue. The same quarter a year earlier earned ₹14.0 Cr. For the full year, FY26 profit was ₹55.0 Cr (+48.6% on the year before). Why profit moved: revenue changed +45.3% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +53.4% and revenue +37.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Raghav Productivity Enhancers make, and is it growing? Raghav Productivity Enhancers Ltd reported ₹93.0 Cr of revenue in the Sep 2026 quarter, +45.3% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 18.8% a year on average. The last full year, FY26, came in at ₹257 Cr. The last four reported quarters add to ₹315 Cr. FY26 revenue was ₹257 Cr, +28.5% on the year before. Recent pace: the last four quarters grew +37.7% on average, against 18.8% 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 +38.2%, against +38.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +54.3%, against +51.3% a year (stabilising). ## How much of every ₹100 of sales does Raghav Productivity Enhancers keep? Raghav Productivity Enhancers Ltd's operating margin was 30.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 7.0% and 30.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.7 percentage points on the year while gross margin changed +4.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Raghav Productivity Enhancers' profit turning into cash? Over the last 3 years, 82% of Raghav Productivity Enhancers Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹37.0 Cr of operating cash against ₹55.0 Cr of profit. After ₹14.0 Cr of spending on assets, ₹23.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 82% of profit came in as cash: the cash cycle got 78 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 1.9× depreciation over three years. The next section checks what that spending is building. ## Where does Raghav Productivity Enhancers' cash go? Raghav Productivity Enhancers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 255 days in FY26, up from 177 days in FY21. It spent ₹34.0 Cr on assets over the last 3 years. Customers take 83 days to pay, and stock sits for 272 days on average. Why this happened. The Capex Inflection Point applies conditionally: management has specified expanded capacity and a commissioning deadline. The remaining benefit depends on usable production, orders and cash collection. Commissioning has not been verified, so the additional profit remains a forecast. At FY26 sales of ₹257 Cr, each day of that cycle ties up about ₹0.7 Cr, so roughly ₹180 Cr is tied up in the business at any time. FY26: customers took 83 days to pay and stock sat for 272 days, about 8.9 months of sales sitting as stock, for a full cycle of 255 days, longer than FY21's 177. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 272 days. Customers pay about 83 days after that. Suppliers are paid at 100 days. Together that makes the 255-day cycle. Spending on assets: ₹34.0 Cr over the last 3 years, against ₹18.0 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 ₹4.0 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. ## What is Raghav Productivity Enhancers' P/E ratio, and how does it compare with its own history? Raghav Productivity Enhancers Ltd's P/E is 113.7×, near the high end of its own history: higher than 91% of past readings. Its usual P/E (the middle reading) is 72.4×, over 5.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +48.3% while the price moved +121.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +56.4% a year; about +48.8% a year came from earnings growth and about +7.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Raghav Productivity Enhancers business getting better or worse? Raghav Productivity Enhancers Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 34.6%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Raghav Productivity Enhancers story, and has it been checked? Raghav Productivity Enhancers Ltd's story is not scored yet against the checks our research set on 10 October 2026. Our read, 10 October 2026. From the numbers. The current weekly snapshot supplies the RIDING WAVE matrix label. From the price. Price stage 2, week 22, above its 200-day line, relative strength falling. From the research. Where they disagree. The current weekly snapshot supplies the RIDING WAVE matrix label. What is proven. What is not proven yet. A post-expansion result showing lower sales and operating profit alongside further inventory accumulation, without an identified temporary cause, would break the assumption that added capacity converts into profitable customer demand. What would change our mind. A post-expansion result showing lower sales and operating profit alongside further inventory accumulation, without an identified temporary cause, would break the assumption that added capacity converts into profitable customer demand. The test written in advance. A post-expansion result showing lower sales and operating profit alongside further inventory accumulation, without an identified temporary cause, would break the assumption that added capacity converts into profitable customer demand. Measured by: the thesis as written as stated by the next result. What the company does. The latest reported quarter delivered revenue of ₹87 crore and PAT of ₹20 crore, with calculated PAT growth of 66.7% from the supplied rounded cells. Management promised group capacity of 534,000 MTPA and full operation from October 1, 2026; commissioning remains unconfirmed in the fetched evidence. What the surface reading misses. The surface reading is: The latest quarter has higher sales and profit. The research reads it further: Operating profit rises alongside sales, so the earnings improvement has an operating contribution; the precise volume and realization split is unknown. What the surface reading misses. The surface reading is: The comparison quarter supplies the base for the latest reported growth. The research reads it further: Jun 2026 operating profit rises from this ₹16 crore base to ₹26 crore as sales rise from ₹58 crore to ₹87 crore and OPM increases from 27% to 30%. This supports an operating contribution, but the base alone does not identify volume, realization or mix. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes. ## How much does Raghav Productivity Enhancers earn on its capital? Raghav Productivity Enhancers Ltd earned a ROCE of 30% in FY26. That is up from a low of 10% in FY14. Its return on capital used (ROIC) is 18.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 21.4% net margin and 0.90× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.4% net margin × 0.90× asset turnover × 1.16× leverage (assets divided by equity) ≈ 22.3% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 30.4% − 12.0% = +18.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Raghav Productivity Enhancers have too much debt? Raghav Productivity Enhancers Ltd has total debt of ₹5.0 Cr against shareholder equity of ₹282 Cr as of Sep 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.06 in FY22 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Raghav Productivity Enhancers shareholding pattern? No group of Raghav Productivity Enhancers Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 62.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.5 points over 8 quarters, to 0.6%; Promoters: +0.0 points over 8 quarters, to 62.9%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. ## How far is Raghav Productivity Enhancers from balance-sheet trouble? For Raghav Productivity Enhancers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Raghav Productivity Enhancers rank in its industry? 65.3 out of 100, rank 3 of 8 in Refractories, with 100% of the evidence available. Raghav Productivity Enhancers Ltd scores 65.3 out of 100 against the 8 companies it is compared with in Refractories, ranking 3. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 26.2 + 19.6 + 2.5 + 17 = 65.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Raghav Productivity Enhancers compared with? Raghav Productivity Enhancers ranks 3 of 8 Refractories companies on the 4-Factor Sector Score, with 65.3 out of 100. 1. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) MONOLITH · leader · Sector-leading setup · 83% evidence 81.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.0/35 · Revenue 58.4% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 19.0/25 · ROCE 34.8% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 78.9× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 64.5% · Lead over NIFTY 500 89.7% · 1 year 177.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 34 + 19 + 8.9 + 20 = 81.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Orient Ceratech Ltd](https://www.sectoralpha.in/stocks/orient-ceratech-ltd) ORIENTCER · losing its lead · Most evidence points up · 81% evidence 69.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 8 points · 88% evidence Capital efficiency 11.3/25 · ROCE 10.4% · Operating margin 16.1% · 100% evidence Valuation 18.6/20 · P/E 13.8× · PEG 0.99 · 100% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.3% · 1 year 5.8% · 25% evidence · 8 of 11 weeks ahead Exact sum: 29.5 + 11.3 + 18.6 + 9.6 = 69 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Raghav Productivity Enhancers Ltd this page RPEL · leader · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 38.2% · Profit 54.4% · Operating margin change 1 points · 100% evidence Capital efficiency 19.6/25 · ROCE 30.3% · Operating margin 30% · 100% evidence Valuation 2.5/20 · P/E 109× · PEG 2.31 · 100% evidence Relative strength 17.0/20 · Lead over its industry 36.4% · Lead over NIFTY 500 58.8% · 1 year 113% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.2 + 19.6 + 2.5 + 17 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) leader · Evidence leans up · 72% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.3/35 · Revenue 2.3% · Profit -7.7% · Operating margin change 8 points · 95% evidence Capital efficiency 20.8/25 · ROCE 33.2% · Operating margin 36% · 95% evidence Valuation 11.8/20 · P/E 23× · PEG n/a · 50% evidence Relative strength 11.4/20 · Lead over its industry n/a · Lead over NIFTY 500 29.4% · 1 year 18.2% · 25% evidence · 12 of 12 weeks ahead Exact sum: 15.3 + 20.8 + 11.8 + 11.4 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [IFGL Refractories Ltd](https://www.sectoralpha.in/stocks/ifgl-refractories-ltd) IFGLEXPOR · quiet · Evidence leans down · 96% evidence 37.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 15.4% · Profit 41.4% · Operating margin change -1 points · 88% evidence Capital efficiency 4.6/25 · ROCE 4.9% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 27.4× · PEG 0.5 · 100% evidence Relative strength 3.5/20 · Lead over its industry -26.1% · Lead over NIFTY 500 -10.3% · 1 year -34.1% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.4 + 4.6 + 13.4 + 3.5 = 37.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) VESUVIUS · quiet · Most evidence points down · 96% evidence 29.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue 8.9% · Profit 2.8% · Operating margin change -1 points · 88% evidence Capital efficiency 12.3/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 5.2/20 · P/E 28.6× · PEG 6.3 · 100% evidence Relative strength 1.0/20 · Lead over its industry -33.5% · Lead over NIFTY 500 -18.1% · 1 year -27% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.9 + 12.3 + 5.2 + 1 = 29.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [RHI Magnesita India Ltd](https://www.sectoralpha.in/stocks/rhi-magnesita-india-ltd) RHIM · quiet · Most evidence points down · 86% evidence 29.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.7/35 · Revenue 8.4% · Profit -80% · Operating margin change 3 points · 88% evidence Capital efficiency 5.1/25 · ROCE 6.5% · Operating margin 14% · 100% evidence Valuation 10.9/20 · P/E 38.4× · PEG n/a · 50% evidence Relative strength 4.5/20 · Lead over its industry -26.5% · Lead over NIFTY 500 -9.8% · 1 year -26.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 8.7 + 5.1 + 10.9 + 4.5 = 29.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) MORGANITE · Too little evidence to rank firmly · 40% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.0/43.75 · Revenue 3% · Profit -9.3% · Operating margin change 7.3 points · 45% evidence Capital efficiency 21.6/31.25 · ROCE 30.4% · Operating margin 30.8% · 57% evidence Valuation 10.9/25 · P/E 30.2× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20 + 21.6 + 10.9 = 52.5 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Refractories](https://www.sectoralpha.in/sectors/refractories), all 8 compared on one page. ## Which companies are close to Raghav Productivity Enhancers in size? Raghav Productivity Enhancers is the largest of 8 Refractories companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Vesuvius India, RHI Magnesita India, Monolithisch India, IFGL Refractories, Foseco Crucible (India) and Morganite Crucible (India). ### Refractories companies close in size

1. Raghav Productivity Enhancers Ltd ₹7,648 crore
2. [Vesuvius India Ltd](https://www.sectoralpha.in/stocks/vesuvius-india-ltd) ₹7,314 crore
3. [RHI Magnesita India Ltd](https://www.sectoralpha.in/stocks/rhi-magnesita-india-ltd) ₹7,192 crore
4. [Monolithisch India Ltd](https://www.sectoralpha.in/stocks/monolithisch-india-ltd) ₹2,796 crore
5. [IFGL Refractories Ltd](https://www.sectoralpha.in/stocks/ifgl-refractories-ltd) ₹1,176 crore
6. [Foseco Crucible (India) Ltd](https://www.sectoralpha.in/stocks/foseco-crucible-indialtd) ₹1,032 crore
7. [Morganite Crucible (India) Ltd](https://www.sectoralpha.in/stocks/morganite-crucible-indialtd) ₹748 crore

[All 8 Refractories companies, largest first](https://www.sectoralpha.in/sectors/refractories#all-companies)

### Companies close in size in other industries

1. [Steel Strips Wheels Ltd](https://www.sectoralpha.in/stocks/steel-strips-wheels-ltd) ₹7,763 crore · Auto Ancillaries - Wheels
2. [Gujarat Pipavav Port Ltd](https://www.sectoralpha.in/stocks/gujarat-pipavav-port-ltd) ₹7,691 crore · Marine Port & Services
3. Raghav Productivity Enhancers Ltd ₹7,648 crore
4. [Clean Science & Technology Ltd](https://www.sectoralpha.in/stocks/clean-science-technology-ltd) ₹7,606 crore · Speciality Chemicals
5. [Afcons Infrastructure Ltd](https://www.sectoralpha.in/stocks/afcons-infrastructure-ltd) ₹7,578 crore · Construction - Civil/Turnkey

## What else do people ask about Raghav Productivity Enhancers? ### What is Raghav Productivity Enhancers's share price today? Raghav Productivity Enhancers Ltd's share price is ₹1,737.20, +121.9% over the past year. The whole company is worth ₹7,980 Cr on the market. In the last 52 weeks it traded between ₹599 to ₹1,844; today it is 91% of the way up from the low, 37.1% above its 200-day average (as of 3 November 2026). ### What were Raghav Productivity Enhancers's latest quarterly results? Raghav Productivity Enhancers Ltd reported revenue of ₹93.0 Cr and net profit of ₹22.0 Cr for the Sep 2026 quarter. Revenue rose 45.3% and profit rose 57.1% compared with a year earlier. Earnings per share were ₹4.71. The operating margin was 30.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Raghav Productivity Enhancers's market cap? Raghav Productivity Enhancers Ltd's market capitalisation is ₹7,980 Cr at a share price of ₹1,737.20. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Raghav Productivity Enhancers performing? Raghav Productivity Enhancers Ltd's share price has been rising for 22 weeks. In its latest quarter, revenue rose 45.3% and profit rose 57.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 34 weeks running (as of 3 November 2026). ### Will Raghav Productivity Enhancers's share price go up? This page does not forecast Raghav Productivity Enhancers Ltd's share price. What it shows instead: the share price is ₹1,737.20, and it has been rising for 22 weeks. Its P/E of 113.7× is higher than 91% of its own last 6 years (as of 3 November 2026). ### Who owns Raghav Productivity Enhancers? Promoters own 62.9% of Raghav Productivity Enhancers Ltd, foreign institutions 0.6%, domestic institutions 0.0% and the public 36.5% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Raghav Productivity Enhancers have too much debt? No, Raghav Productivity Enhancers Ltd has little debt: its debt is 0.02× its equity, and its operating profit is 75 times its interest bill. FY26 borrowings were ₹5.0 Cr against equity of ₹245 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Raghav Productivity Enhancers in its business cycle? Raghav Productivity Enhancers Ltd's FY26 operating margin was 29.0%, against a 13-year range of 7.0% to 30.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 30.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Raghav Productivity Enhancers story? The main question: the share price moved +121.9% in a year while yearly earnings per share moved +48.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Raghav Productivity Enhancers a stock worth studying right now? What the numbers show: Raghav Productivity Enhancers Ltd's share price has risen faster than its earnings: +121.9% in a year, against +48.3% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Raghav Productivity Enhancers share price forecast for 2026? One change in Raghav Productivity Enhancers' own numbers looks lasting: costs spread over more sales. What would change the story: A post-expansion result showing lower sales and operating profit alongside further inventory accumulation, without an identified temporary cause, would break the assumption that added capacity converts into profitable customer demand. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

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