Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹46 Cr.
Stock P/E
7.5
P/B
1.4
Current Price
₹107.3
Book Value
₹ 77.6
Face Value
10
52W High
₹139.8
52W Low
₹ 73
Dividend Yield
—

Rulka Electricals Overview

Business

Rulka Electricals Ltd. operates in the Electric Equipment sector in India. As an electrical equipment company, its core business likely involves providing a range of services related to electrical infrastructure and systems. This typically includes electrical contracting for industrial, commercial, and residential projects, supply and installation of electrical equipment, commissioning services, and potentially maintenance contracts. The company likely makes money through project-based contracts for new installations, upgrades, and ongoing service agreements.

Revenue Mix

Specific revenue segments and their contribution percentages are not publicly available based on the provided information. However, typical segments for a company in this industry might include:

Projects & EPC (Engineering, Procurement, and Construction): Revenue from large-scale electrical installation projects for industrial plants, commercial buildings, infrastructure developments, etc.

Operations & Maintenance (O&M) Services: Recurring revenue from maintaining electrical systems and equipment for clients.

Supply of Electrical Equipment: Revenue from the sale of various electrical components, panels, cables, and other related products.

Without further information, it is difficult to determine the primary revenue driver or segment breakdown.

Industry

The Electric Equipment industry in India is characterized by significant demand driven by infrastructure development, industrialization, urbanization, and the push for renewable energy. It is a competitive market, often fragmented with a mix of large, established players and numerous mid-sized to smaller regional companies. Rulka Electricals likely positions itself by focusing on specific client segments (e.g., industrial, commercial, utilities) or geographical regions, emphasizing project execution capabilities, adherence to safety standards, and potentially specialized expertise. Its positioning relative to peers would depend on its project scale, client portfolio, and operational efficiency.

MOAT

Given the nature of the business, potential competitive advantages for Rulka, if present, would likely stem from:

Execution Capabilities: A proven track record of timely and high-quality project completion, especially for complex electrical installations.

Client Relationships: Long-standing relationships and repeat business with key industrial or commercial clients.

Specialized Expertise/Certifications: Niche capabilities in specific areas (e.g., high-voltage systems, specific industrial automation, renewable energy integration).

Operational Efficiency: Cost-effective project management, procurement, and labor deployment.

Brand recognition for a B2B service provider like Rulka is often built on reputation for reliability rather than consumer brand appeal. Without specific details, it is difficult to confirm a durable moat.

Growth Drivers

Key factors that can drive growth for Rulka Electricals over the next 3-5 years include:

Infrastructure Spending: Government and private sector investment in power generation, transmission, distribution, smart cities, and industrial corridors.

Industrial Expansion: Growth in manufacturing, data centers, and other industrial sectors requiring new or upgraded electrical systems.

Renewable Energy Integration: Demand for electrical solutions for solar, wind, and other renewable energy projects.

Urbanization & Commercial Development: Construction of new commercial buildings, residential complexes, and urban infrastructure.

Technological Upgrades: Modernization and digitalization of existing electrical infrastructure (e.g., smart grids, energy efficiency solutions).

Risks

Key business risks for Rulka Electricals include:

Project Execution Risks: Delays, cost overruns, and quality issues on projects, which can impact profitability and reputation.

Concentration Risk: Dependence on a few large clients or projects, making revenue vulnerable to changes in their plans.

Competition: Intense competition from numerous players, potentially leading to pricing pressure and margin erosion.

Input Cost Volatility: Fluctuations in prices of raw materials (e.g., copper, steel, cables) and labor can impact project profitability.

Working Capital Management: Project-based businesses often require significant working capital, and efficient management of receivables and payables is crucial.

Regulatory Changes: Changes in electrical safety norms, licensing requirements, and environmental regulations.

Economic Downturns: A slowdown in industrial activity or construction can directly impact demand for electrical contracting services.

Management & Ownership

As is common in India, Rulka Electricals Ltd. is likely a promoter-led company, with the founding family or group holding a significant stake and actively involved in the management. Details on specific management quality or ownership structure are not available based on the provided information.

Outlook

Rulka Electricals operates in a sector poised for growth in India, driven by the nation's ongoing infrastructure push, industrial expansion, and energy transition. This provides a favorable long-term demand environment for electrical equipment and services. However, the business is inherently project-based, facing intense competition, operational execution risks, and sensitivity to economic cycles and commodity prices. Success will largely depend on the company's ability to secure profitable contracts, execute them efficiently, maintain strong client relationships, and effectively manage working capital in a competitive and dynamic market.

Rulka Electricals Share Price

Live · NSE · Inception: 2013
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Rulka Electricals Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Rulka Electricals Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 20 36 47 71
Other Income 0 0 0 0
Total Income 20 36 47 71
Total Expenditure 18 34 43 62
Operating Profit 1 2 4 9
Interest 0 0 0 1
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 2 4 8
Provision for Tax 0 1 1 2
Profit After Tax 1 1 3 6
Adjustments 0 0 0 0
Profit After Adjustments 1 1 3 6
Adjusted Earnings Per Share 1.6 3.4 8.5 17.9

Rulka Electricals Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 2 3 6 13
Minority's Interest 0 0 0 0
Borrowings 1 1 1 2
Other Non-Current Liabilities 0 0 -0 1
Total Current Liabilities 7 15 22 26
Total Liabilities 10 19 30 42
Fixed Assets 2 3 3 3
Other Non-Current Assets 0 0 0 2
Total Current Assets 8 16 26 37
Total Assets 10 19 30 42

Rulka Electricals Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 0 1 -2 -4
Cash Flow from Investing Activities 0 -1 -0 -2
Cash Flow from Financing Activities -0 0 2 7
Net Cash Inflow / Outflow -0 0 0 1
Closing Cash & Cash Equivalent 0 0 0 1

Rulka Electricals Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 1.63 3.4 8.45 17.89
CEPS(Rs) 1.88 3.69 8.6 18.33
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 4.99 8.39 18.56 38.95
Core EBITDA Margin(%) 5.78 6.53 9.01 12.53
EBIT Margin(%) 5.4 6.28 9.03 12.75
Pre Tax Margin(%) 3.72 5.25 8.24 11.78
PAT Margin (%) 2.74 3.09 5.95 8.61
Cash Profit Margin (%) 3.17 3.36 6.06 8.82
ROA(%) 5.47 7.73 11.45 17.04
ROE(%) 32.61 50.77 62.73 62.9
ROCE(%) 26.72 47.75 49.83 50.65
Receivable days 86.92 62.28 80.53 73.69
Inventory Days 42.59 44.09 65.42 42.23
Payable days 131.14 113.79 141.45 111.31
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.12 0.07 0.11 0.19
EV/Core EBITDA(x) 2.04 1.07 1.23 1.47
Net Sales Growth(%) 0 85.11 29.15 51.54
EBIT Growth(%) 0 115.4 85.69 114
PAT Growth(%) 0 108.64 148.82 119.11
EPS Growth(%) 0 108.64 148.82 111.67
Debt/Equity(x) 1.4 1.02 0.86 0.83
Current Ratio(x) 1.14 1.06 1.19 1.43
Quick Ratio(x) 0.8 0.64 0.72 1.2
Interest Cover(x) 3.21 6.1 11.48 13.05
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +51% +53% — —
Operating Profit CAGR +125% +108% — —
PAT CAGR +100% +82% — —
Share Price CAGR -11% — — —
ROE Average +63% +59% +52% +52%
ROCE Average +51% +49% +44% +44%

Rulka Electricals Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 69.22 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 30.78 %
# Sep 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 69.2269.2269.2269.2269.2269.22
FII 2.350.610.420.2300
DII 0.270.060000
Public 28.1630.1130.3630.5630.7830.78
Others 000000
Total 100100100100100100

Rulka Electricals Peer Comparison

Electric Equipment Edit Columns

Rulka Electricals Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Rulka Electricals Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 59%
  • Debtor days have improved from 141.45 to 111.31days.

Cons

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