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Raghunath Intl. Overview

1. Business Overview

Raghunath International Ltd. operates in the Construction - Real Estate sector in India. The company is primarily involved in the development of real estate projects and potentially undertaking construction activities. Its core business model likely revolves around acquiring land parcels, developing residential, commercial, or mixed-use properties, and generating revenue through the sale of these developed units. Depending on its specific focus, it may also engage in project management services, infrastructure development, or property leasing.

2. Key Segments / Revenue Mix

Typical segments for a real estate company include residential developments, commercial projects (office spaces, retail), and potentially hospitality or industrial warehousing. Without specific financial data, the exact revenue mix for Raghunath International Ltd. is not available. However, given its sector, its revenue is most likely derived from:

Sale of developed residential properties.

Sale or lease of commercial properties.

Construction contracts for third-party projects (if applicable).

3. Industry & Positioning

The Indian real estate sector is highly fragmented, characterized by numerous regional and national developers. It is cyclical, capital-intensive, and significantly influenced by economic growth, interest rates, government policies, and local market demand. Raghunath International Ltd. operates within this competitive landscape. Its positioning would depend on factors like its geographical focus (e.g., specific cities or regions), target demographic (e.g., affordable, mid-income, luxury housing), project scale, and brand reputation. Without specific project details or market share information, its exact competitive standing against peers is difficult to ascertain, but it would contend with a mix of established large players and smaller, regional developers.

4. Competitive Advantage (Moat)

Without specific information, it's challenging to identify durable competitive advantages for Raghunath International Ltd. Potential moats in the real estate sector often include:

Strategic Land Bank: Owning desirable land parcels at favorable costs in high-growth areas.

Brand Reputation: A strong brand built on quality construction, timely delivery, and customer trust.

Execution Capability: Efficient project management, ability to secure necessary approvals, and financial strength to complete large-scale projects.

Local Market Expertise: Deep understanding of specific regional demand, regulatory environment, and supplier networks.

Financial Strength: Access to capital at competitive rates, crucial for land acquisition and project funding.

The company may possess some of these characteristics, but their extent is unknown.

5. Growth Drivers

Key factors that could drive growth for Raghunath International Ltd. over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to cities driving demand for housing and commercial spaces.

Rising Disposable Incomes: Increasing affordability and aspiration for home ownership and better living standards.

Government Initiatives: Supportive policies such as 'Housing for All,' infrastructure development projects, and reforms like RERA.

Favorable Interest Rate Environment: Lower home loan interest rates encouraging property purchases.

Increased Institutional Investment: Growing interest from domestic and international funds in Indian real estate.

Demand for Commercial Spaces: Growth in services and manufacturing sectors leading to demand for office, retail, and industrial spaces.

6. Risks

Key business risks for Raghunath International Ltd. include:

Economic Slowdown: A downturn in the broader Indian economy can reduce consumer confidence, property demand, and investment.

Interest Rate Fluctuations: Rising interest rates can increase borrowing costs for the company and make home loans more expensive for buyers, impacting sales.

Regulatory and Environmental Risks: Changes in government policies, land acquisition norms, taxation (e.g., GST), or environmental clearances can cause project delays and cost overruns.

Funding and Liquidity Risks: High capital requirements for land acquisition and project development necessitate robust funding, and liquidity crunches can severely impact operations.

Execution Risks: Delays in project completion, cost overruns due to raw material price volatility, or labor shortages.

Market Competition and Inventory Overhang: Intense competition can lead to pricing pressures, and unsold inventory can tie up capital.

7. Management & Ownership

As is common with many Indian companies, Raghunath International Ltd. is likely promoter-driven, meaning a founding family or group holds a significant ownership stake and exercises substantial control over management and strategic decisions. Information regarding the specific quality of management, their track record, or detailed ownership structure (beyond promoter group, institutional, and public shareholding) is not available from the provided details.

8. Outlook

Raghunath International Ltd. operates in a sector with significant long-term growth potential, driven by India's demographic tailwinds, urbanization, and economic development. The demand for both residential and commercial real estate is expected to remain robust. However, the company faces inherent challenges characteristic of the real estate industry, including cyclical demand, high capital intensity, regulatory complexities, and intense competition. Its future performance will depend significantly on its ability to effectively manage project execution, secure timely financing, adapt to market dynamics, and navigate regulatory changes while maintaining cost efficiency and quality in a competitive environment.

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Raghunath Intl. Key Financials

Market Cap ₹6 Cr.

Stock P/E 2.6

P/B 0.3

Current Price ₹11.8

Book Value ₹ 34.2

Face Value 10

52W High ₹16

Dividend Yield 0%

52W Low ₹ 9

Raghunath Intl. Share Price

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Volume
Price

Raghunath Intl. Quarterly Price

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Raghunath Intl. Peer Comparison

Raghunath Intl. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 -0 0 0 0 0 0 0 1 0
Other Income 0 0 0 0 3 0 0 0 0 0
Total Income 0 0 0 0 3 1 0 0 1 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit 0 0 0 0 3 0 0 0 1 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 -0 0 0 -0 0 0 0 0
Exceptional Income / Expenses 0 0 -0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 3 0 0 0 1 0
Provision for Tax 0 0 0 0 1 0 0 0 0 0
Profit After Tax 0 0 0 0 2 0 0 0 1 0
Adjustments 0 0 -0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 2 0 0 0 1 0
Adjusted Earnings Per Share 0.1 0.2 0 0.2 4.1 0.4 0.4 0.2 1.4 0.3

Raghunath Intl. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2 0 0 0 0 0 1 1 1 0 0 1
Other Income 1 1 0 0 1 1 1 1 1 1 4 0
Total Income 3 1 0 0 1 1 2 2 1 1 4 1
Total Expenditure 2 0 0 0 1 0 1 1 1 1 1 0
Operating Profit 1 0 0 -0 0 0 1 1 -0 0 3 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 -0 -0 -0 -0 -0 0 -0 0 0
Profit Before Tax 1 0 0 -0 0 0 1 1 -0 0 3 1
Provision for Tax 0 0 0 0 -0 0 0 0 0 0 1 0
Profit After Tax 1 0 0 -0 0 0 1 1 -0 0 2 1
Adjustments 0 0 0 0 0 0 0 0 0 -0 0 0
Profit After Adjustments 1 0 0 -0 0 0 2 1 -0 0 3 1
Adjusted Earnings Per Share 1.1 0.3 0.1 -0.4 0.1 0.4 3.2 2.5 -0.1 0.3 5.1 2.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -100% 0% -100%
Operating Profit CAGR 0% 44% 0% 12%
PAT CAGR 0% 26% 0% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% -0% 15% 24%
ROE Average 15% 5% 6% 4%
ROCE Average 20% 7% 9% 5%

Raghunath Intl. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 10 10 9 10 11 12 14 14 14 16
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -0 -0 0 0 0 0 0 0 1 0 0
Total Current Liabilities 1 0 0 0 0 0 1 1 0 0 1
Total Liabilities 10 10 10 10 10 11 13 15 15 14 17
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 7 7 8 7 8 9 11 13 13 12 15
Total Current Assets 3 3 2 2 2 2 2 2 2 2 2
Total Assets 10 10 10 10 10 11 13 15 15 14 17

Raghunath Intl. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 0 -0 0 0 -0 0 0 -0 -0 0 0
Cash Flow from Investing Activities -1 -1 -0 0 0 0 0 0 0 0 -0
Cash Flow from Financing Activities 1 2 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 0 0 0 -0 0 0 -0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Raghunath Intl. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.12 0.34 0.07 -0.39 0.1 0.37 3.2 2.47 -0.08 0.26 5.06
CEPS(Rs) 1.22 0.41 0.08 -0.38 0.11 0.38 2.23 2.11 -0.45 0.3 4.57
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 18.74 19.08 19.18 18.61 19.86 21.44 24.64 27.1 27.03 27.29 32.35
Core EBITDA Margin(%) 4.95 0 0 0 0 -214.35 56.99 55.2 -111.53 0 -205.39
EBIT Margin(%) 27.71 0 0 0 0 163.15 97.6 96.63 -20.94 0 1085.89
Pre Tax Margin(%) 26.68 0 0 0 0 163.14 97.6 96.62 -20.94 0 1085.54
PAT Margin (%) 23.46 0 0 0 0 128.1 74 70.76 -32.81 0 815.36
Cash Profit Margin (%) 26.74 0 0 0 0 131.79 74.36 71.12 -32.05 0 815.89
ROA(%) 5.43 1.36 0.34 -1.98 0.48 1.71 9.03 7.49 -1.56 1.01 14.43
ROE(%) 5.72 1.42 0.36 -2.07 0.51 1.8 9.62 8.13 -1.69 1.07 15.31
ROCE(%) 6.76 1.71 0.73 -0.72 0.29 2.29 12.69 11.1 -1.08 1.72 20.39
Receivable days 100.39 0 0 0 0 1355.97 121.55 124.46 271.97 0 285.35
Inventory Days 241.93 0 0 0 0 4015.67 361.72 317.67 612.43 0 1283.43
Payable days 56 0 0 0 0 465.45 20.88 9.68 37.38 0 37.22
PER(x) 3.27 4.61 55.21 0 32.18 5.25 1.03 8.6 0 54.17 2.7
Price/Book(x) 0.2 0.08 0.2 0.21 0.16 0.09 0.13 0.78 0.42 0.52 0.42
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.73 0 0 0 0 4.99 0.93 6.97 7.8 0 23.59
EV/Core EBITDA(x) 2.37 2.7 72.76 -27.49 40.63 2.99 0.95 7.18 -38.67 28.71 2.17
Net Sales Growth(%) 0 -100 0 0 0 0 932.05 -0.75 -53.02 -100 0
EBIT Growth(%) 0 -74.5 -56.68 -197.32 141.17 744.46 517.41 -1.74 -110.18 259.51 1203.82
PAT Growth(%) 0 -74.97 -74.63 -675.38 125.16 277.31 496.17 -5.09 -121.78 163.29 1474.48
EPS Growth(%) 0 -69.24 -80.25 -675.04 125.16 277.29 760.61 -22.91 -103.11 440.1 1835.91
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 3.92 7.42 7.48 6.65 6.18 7.01 3.02 1.96 5.98 4.83 2.16
Quick Ratio(x) 1.55 2.79 2.32 2.1 2.08 2.28 1.05 0.79 2.44 1.93 1.42
Interest Cover(x) 26.77 799.36 1410.9 -257.36 391.81 0 0 0 0 1166 3040.5
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Raghunath Intl. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 41.21 41.21 41.21 41.21 41.21 41.21 41.21 41.21 41.21 41.21
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 58.79 58.79 58.79 58.79 58.79 58.79 58.79 58.79 58.79 58.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Raghunath Intl. News

Raghunath Intl. Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.21%.
  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 0 to 37.22days.
  • Earnings include an other income of Rs. 4 Cr.
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