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[Dilip Davda] RAEL is engaged in the business of manufacturing and marketing of welding consumables and related products. It is also trading in ancillary/incidental products in line with its business model. The lion share of its revenue comes from B2B segment. The company posted growth in its top lines, but sudden spurt in its bottom lines from FY24 onwards raises eyebrows and concern over its sustainability. Based on its recent financial performance, the issue appears fully priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
Royal Arc Electrodes Limited peer comparison with similar listed entities. (As on March 28, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Royal Arc Electrodes Limited | 12.82 | 12.82 | 45.45 | 28.21 | 2.67 | ||
| Esab India Ltd. | 105.9 | 105.9 | 198.87 | 46.94 | 53.25 | 26.53 | Consolidated |
| Ador Welding Ltd. | 46.46 | 46.46 | 266.49 | 21.08 | 17.44 | 5.15 | Consolidated |
| Gee Ltd. | 4.95 | 4.95 | 78.61 | 29.17 | 6.29 | 3.27 | Consolidated |
| Rasi Electrodes Ltd. | 29 | 1.02 | 10.47 | 28.43 | 9.83 | 2.1 | Consolidated |
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