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Rapicut Carbides Overview

Rapicut Carbides Ltd. is a distinguished manufacturer of Tungsten Carbide products, established in 1977. Company produces a wide range of products such as Tungsten Carbide Tips, Inserts, Wire Drawing Nibs, Bar and Tube drawing Pellets, Tungsten Carbide Rings, Flats, Jute Eyelets, Solid Carbide Cutters, etc. With its manufacturing facility located in Ankleshwar, Gujarat, Rapicut Carbides Ltd. has positioned as a key player in the industry catering to needs of various sectors including mining, metal cutting, and others. The company’s fou...Read More

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Rapicut Carbides Key Financials

Market Cap ₹106 Cr.

Stock P/E -45.7

P/B 5.1

Current Price ₹198

Book Value ₹ 39.1

Face Value 10

52W High ₹205

Dividend Yield 0%

52W Low ₹ 66.7

Rapicut Carbides Share Price

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Volume
Price

Rapicut Carbides Quarterly Price

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Rapicut Carbides Peer Comparison

Rapicut Carbides 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 16 15 17 11 9 12 10 10 16 21
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 16 15 17 11 9 12 10 10 16 21
Total Expenditure 16 14 16 11 9 13 10 12 14 19
Operating Profit 0 1 1 -0 -0 -1 1 -1 2 2
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 1 1 -1 -0 -2 0 -1 1 2
Provision for Tax 0 0 0 0 0 -0 0 0 0 0
Profit After Tax -0 0 1 -1 -0 -2 0 -1 1 2
Adjustments 0 -0 0 0 0 0 0 -0 0 -0
Profit After Adjustments -0 0 1 -1 -0 -2 0 -1 1 2
Adjusted Earnings Per Share -0.2 0.9 1 -1.1 -0.9 -3 0.6 -2.6 2.3 2.9

Rapicut Carbides 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 39 33 42 42 46 34 28 36 40 60 42 57
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 39 34 42 42 46 34 28 36 40 60 42 57
Total Expenditure 34 30 37 36 41 33 28 36 40 59 43 55
Operating Profit 5 3 5 5 5 1 -0 0 -0 2 -1 4
Interest 1 0 0 0 0 0 0 0 0 0 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0 0
Exceptional Income / Expenses -0 -0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 2 4 4 4 -0 -1 -1 -1 1 -2 2
Provision for Tax 1 1 1 1 1 -0 -0 0 0 0 0 0
Profit After Tax 2 1 3 3 3 -0 -1 -1 -1 0 -2 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 1 3 3 3 -0 -1 -1 -1 0 -2 2
Adjusted Earnings Per Share 4.1 2.7 5.5 5.9 5.3 -0.2 -1.5 -2 -2.5 0.9 -4.3 3.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -30% 5% 4% 1%
Operating Profit CAGR -150% 0% NAN% NAN%
PAT CAGR 0% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 179% 54% 50% 16%
ROE Average -11% -5% -5% 3%
ROCE Average -6% -2% -2% 7%

Rapicut Carbides 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 19 19 22 24 26 24 24 22 21 22 20
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 1 1 1 1 0 1 1 1 1
Total Current Liabilities 10 6 5 9 9 7 7 9 12 11 11
Total Liabilities 29 26 28 35 36 32 31 32 34 34 32
Fixed Assets 5 5 6 5 5 5 4 4 4 5 5
Other Non-Current Assets 0 0 0 0 0 1 1 1 1 0 1
Total Current Assets 24 21 22 29 30 27 26 27 29 28 26
Total Assets 29 26 28 35 36 32 31 32 34 34 32

Rapicut Carbides 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 1 1 1 0 0 3 0 0 0
Cash Flow from Operating Activities 2 7 7 -0 -1 4 5 -5 -0 3 -4
Cash Flow from Investing Activities -0 -0 -2 -0 -0 -1 -0 -0 -1 -0 -1
Cash Flow from Financing Activities -1 -6 -5 1 1 -3 -2 2 1 -3 5
Net Cash Inflow / Outflow 0 1 -0 -0 -1 0 3 -3 0 -0 -0
Closing Cash & Cash Equivalent 0 1 1 1 0 0 3 0 0 0 0

Rapicut Carbides 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) 4.13 2.7 5.54 5.89 5.29 -0.16 -1.52 -1.97 -2.52 0.91 -4.33
CEPS(Rs) 5.33 3.75 6.77 7.4 6.88 1.41 -0.05 -0.72 -1.4 1.9 -3.4
DPS(Rs) 1.2 1.2 1.5 1.8 1.5 0 0 0 0 0 0
Book NAV/Share(Rs) 34.93 36.18 41.71 44.77 47.54 45.56 43.76 41.82 39.88 40.78 36.46
Core EBITDA Margin(%) 10.26 8.77 10.98 12.46 10.33 2.21 -1.08 0.35 -0.6 2.41 -2.49
EBIT Margin(%) 8.86 7.48 9.96 10.66 8.56 -0.2 -3.84 -1.41 -2.11 1.73 -3.32
Pre Tax Margin(%) 7.62 6.3 9.24 10.11 8.06 -1.26 -4.32 -1.77 -2.85 0.93 -5.34
PAT Margin (%) 5.1 3.86 6.29 7.44 6.14 -0.25 -2.91 -2.92 -3.42 0.82 -5.53
Cash Profit Margin (%) 6.59 5.36 7.69 9.34 7.99 2.25 -0.09 -1.07 -1.9 1.69 -4.34
ROA(%) 8.16 5.23 10.93 10.06 8.08 -0.25 -2.59 -3.37 -4.11 1.45 -7.13
ROE(%) 12.29 7.6 14.23 13.62 11.46 -0.34 -3.4 -4.59 -6.16 2.26 -11.21
ROCE(%) 18.54 13.12 22.18 19.4 14.58 -0.24 -4.33 -2.12 -3.37 4.34 -5.66
Receivable days 46.05 56.96 35.43 46.53 62.02 84.95 89.93 88.27 96.08 57.93 65.79
Inventory Days 125.44 145.14 111.53 150.47 159.76 214.89 218.4 153.68 153.56 111.97 160.83
Payable days 54.31 61.55 44.97 73.03 58.17 64.42 91.49 75.06 70.97 57.94 68.39
PER(x) 13.34 15.17 15.07 11.07 9.45 0 0 0 0 116.87 0
Price/Book(x) 1.58 1.13 2 1.46 1.05 0.41 0.59 1.05 1.13 2.62 2.19
Dividend Yield(%) 2.18 2.93 1.8 2.76 3 0 0 0 0 0 0
EV/Net Sales(x) 0.83 0.67 1.02 0.85 0.64 0.34 0.38 0.71 0.69 0.97 1.18
EV/Core EBITDA(x) 7.05 6.63 7.94 6.62 6.18 14.62 -37 160.82 -117.76 37.17 -55.01
Net Sales Growth(%) 0.35 -13.41 25.4 -0.37 10.68 -27.41 -16.56 29.01 9.51 52.02 -30.21
EBIT Growth(%) -1.63 -27.08 67.77 -3.77 -12.69 -101.69 -1508.12 52.57 -63.47 224.83 -234.34
PAT Growth(%) -5.87 -34.52 105.08 6.3 -10.23 -102.99 -862.14 -29.28 -28.13 136.26 -574.27
EPS Growth(%) -5.87 -34.52 105.08 6.3 -10.23 -102.99 -862.09 -29.29 -28.13 136.26 -574.27
Debt/Equity(x) 0.15 0.09 -0.05 0.06 0.13 0.07 0 0.1 0.16 0.06 0.34
Current Ratio(x) 2.37 3.4 4.61 3.15 3.4 3.84 3.76 3.14 2.47 2.67 2.36
Quick Ratio(x) 0.77 1.19 1.44 0.97 1.09 1.14 1.61 1.29 0.96 0.85 0.77
Interest Cover(x) 7.15 6.35 13.9 19.26 17.16 -0.19 -7.94 -3.97 -2.85 2.17 -1.65
Total Debt/Mcap(x) 0.1 0.08 -0.02 0.04 0.13 0.16 0 0.09 0.14 0.02 0.16

Rapicut Carbides Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 40.46 40.46 40.46 40.46 40.46 40.46 40.46 40.46 41.72 41.72
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.19 0.19 0.19
Public 59.54 59.54 59.54 59.54 59.54 59.54 59.54 59.35 58.09 58.09
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rapicut Carbides News

Rapicut Carbides Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.72%.
  • Company has a low return on equity of -5% over the last 3 years.
  • Debtor days have increased from 57.94 to 68.39days.
  • Stock is trading at 5.1 times its book value.
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