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15 Days Price Change

Royal Arc Electrodes IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 114  to  120 per share
Profile
Min Investment ₹120
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Royalarc Electrodes Limited, founded in 1996, specializes in making welding consumables such as welding electrodes, flux-cored wire, and MIG/TIG wires. These products are used in industries like railways, airports, refineries, shipyards, mining, and power stations for welding tanks, boilers, pipes, heavy structures, and more. The company also trades related products like welding flux-cored wire, electro slag, and MIG/TIG wires. Royalarc manufactures products using materials like copper-coated wire, MS strips, SS strips, and nickel wire at its modern facility in Zaroli, Umbergaon, Gujarat, covering 269,198 sq. ft. It produces both standard and customized products for domestic and international markets, exporting to over 20 countries. The company’s products are certified by recognized bodies like the American Bureau of Shipping (ABS) and the Bureau of Indian Standards (BIS), with inspections done by accredited labs. Read More

Basic Info

Face Value 10 per share

Price 114  to  120 per share

P/E (x) 12.6

Sales( Cr.) 102

PAT( Cr.) 9

EPS 9.5

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Bipin Sanghvi Tarulata Sanghvi Hardik Sanghvi Swagat Sanghvi

Pre Issue Share Holding --%

Post Issue Share Holding --%

Listing Details:

Listing Price: 120

Listing Gain: 0%

Current Price: 160

Gain On Issue: 160 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 14, 2025
Closing Date Feb 18, 2025
Allotment Feb 19, 2025
Refund Feb 20, 2025
Delivery of Shares Feb 20, 2025
Listing Date Feb 21, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 144,000
Retail (Max) 1 1200 144,000
S-HNI (Min) 2 2400 288,000
S-HNI (Max) 6 7200 864,000
B-HNI (Min) 7 8400 1,008,000

Objective of the Issue

1. Funding towards the expansion of the manufacturing facility situated at Village Zaroli, Umbergaon Valsad, Gujarat, Bharat. 2. Funding the working capital requirements of the Company. 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1500000 1560000 1x
NII 450000 414000 0.9x
Retail 1050000 2310000 2.2x
EMP 0 0 0x
Total 3000000 4800000 1.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Royal Arc Electrodes 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 65 64 64 68 76 65 43 63 97 100 102
Other Income 0 0 0 0 0 1 2 2 1 1 1
Total Income 65 64 64 68 76 66 46 65 98 101 102
Total Expenditure 59 58 59 63 71 61 41 59 83 83 87
Operating Profit 6 6 5 5 5 5 5 6 16 18 16
Interest 3 3 2 2 2 1 1 1 1 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 -0
Profit Before Tax 2 2 2 2 2 2 2 3 13 16 12
Provision for Tax 1 1 1 0 1 0 1 1 3 4 3
Profit After Tax 1 1 1 1 1 1 2 2 10 12 9
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 1 1 1 2 2 10 12 9
Adjusted Earnings Per Share 1 1.3 1.1 1.5 1.4 1.3 1.7 2.3 10.3 13 8.1

Royal Arc Electrodes 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 11 12 13 15 16 17 19 21 30 42 72
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 16 13 11 11 8 4 3 2 0 0 0
Other Non-Current Liabilities 2 2 3 2 2 2 2 2 2 1 1
Total Current Liabilities 22 20 21 26 26 16 15 18 11 8 8
Total Liabilities 52 48 48 53 52 39 40 42 44 52 81
Fixed Assets 21 18 18 18 16 15 16 15 14 16 20
Other Non-Current Assets 2 1 2 1 1 1 1 1 2 4 5
Total Current Assets 29 29 29 34 34 24 23 27 28 32 57
Total Assets 52 48 48 53 52 39 40 42 44 52 81

Royal Arc Electrodes 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 4 0 1 1 4 2 1 0 0 3 1
Cash Flow from Operating Activities 7 0 6 3 5 6 7 2 13 6 4
Cash Flow from Investing Activities -8 0 -2 -1 -0 1 -3 -1 -2 -6 -7
Cash Flow from Financing Activities -1 0 -5 1 -6 -8 -5 -2 -7 -2 21
Net Cash Inflow / Outflow -2 0 -0 3 -1 -2 -0 -0 3 -2 18
Closing Cash & Cash Equivalent 1 0 1 4 2 1 0 0 3 1 19

Royal Arc Electrodes 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) 1.04 1.27 1.13 1.54 1.35 1.28 1.69 2.28 10.29 13.04 8.11
CEPS(Rs) 2.88 3.14 2.94 3.49 3.25 3.11 3.49 4.19 12.27 14.99 10.77
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 12.02 13.29 14.42 15.96 17.31 18.6 20.29 22.34 32.63 45.49 64.66
Core EBITDA Margin(%) 8.06 8.09 7.06 7.27 6.75 5.4 6.31 5.79 14.86 17.31 14.83
EBIT Margin(%) 6.11 6.15 5 5.35 4.59 4.72 7.56 6.01 14.09 16.39 12.04
Pre Tax Margin(%) 2.16 2.46 2.28 2.54 2.33 2.41 4.99 4.46 13.47 16.29 11.83
PAT Margin (%) 1.36 1.64 1.5 2.08 1.66 1.85 3.63 3.37 9.87 12.12 8.85
Cash Profit Margin (%) 3.78 4.07 3.89 4.72 3.99 4.48 7.5 6.19 11.77 13.92 11.75
ROA(%) 1.95 2.35 2.18 2.82 2.39 2.61 3.98 9.99 22.17 25.24 13.53
ROE(%) 9.01 10.01 8.19 10.13 8.13 7.14 8.7 20.42 37.43 33.39 15.79
ROCE(%) 11.88 11.66 9.86 9.78 9.07 9.23 11.58 26.46 45.27 44.19 21.29
Receivable days 49.96 52.45 60.07 69.25 66.71 70.39 90.85 75.93 55.58 67.66 74.62
Inventory Days 61.13 67.1 65.86 69.55 68.97 72.88 82.75 62.89 31.83 27.54 41.83
Payable days 37.56 0 0 0 0 0 48.86 39.72 49.14 36.46 26.7
PER(x) 0 0 0 0 0 0 0 0 0 0 18.62
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 2.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.44 0.38 0.35 0.35 0.26 0.21 0.23 0.15 0 0.09 1.47
EV/Core EBITDA(x) 4.72 3.97 4.31 4.26 3.76 2.8 1.97 1.72 0.01 0.47 9.5
Net Sales Growth(%) 7.93 -1.81 -0.04 5.88 12.15 -14.84 -32.87 0 54.09 3.27 1.66
EBIT Growth(%) 14.11 1.65 -20.34 4.72 -5.35 -12.52 7.6 0 261.15 20.11 -25.33
PAT Growth(%) 22.98 21.9 -10.47 35.73 -12.19 -5.23 31.93 0 351.05 26.76 -25.75
EPS Growth(%) 22.98 21.9 -10.47 35.73 -12.19 -5.23 31.93 34.93 351.05 26.76 -37.79
Debt/Equity(x) 2.52 1.94 1.61 1.71 1.26 0.71 0.44 0.38 0.05 0 0.01
Current Ratio(x) 1.3 1.41 1.37 1.32 1.34 1.48 1.54 1.49 2.51 3.78 7.39
Quick Ratio(x) 0.7 0.78 0.78 0.79 0.76 0.81 0.97 0.89 1.97 2.71 5.53
Interest Cover(x) 1.55 1.66 1.84 1.9 2.03 2.05 2.94 3.88 22.46 165.92 56.99
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 17% 9% 5%
Operating Profit CAGR -11% 39% 26% 10%
PAT CAGR -25% 65% 55% 25%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 3% NA% NA% NA%
ROE Average 16% 29% 23% 15%
ROCE Average 21% 37% 30% 19%

Company Contact Information

Royal Arc Electrodes Ltd.

72 B, Bombay Talkies Compound S. V. Road Malad (West)

IPO Lead Manager(s)

Royal Arc Electrodes Ltd.

Fedex Securities Ltd.

Registrar Info

Royal Arc Electrodes Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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