RACL Geartech Ltd.

•

raclgeartech.comBSE: 520073NSE: RACLGEAR

Market Cap₹ 2,071 Cr.

Current Price

High / Low₹ 1,856 / 900

Stock P/E41.8

Book Value₹ 306

Price to Book4.02

Dividend Yield0.09 %

ROCE17.2 %

ROE16.9 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 19.2% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.64x)
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

A large part of profit comes from other income (34.2% of PBT)
Working capital days have increased from 11 to 71 days
Operating margins have contracted to 21.7% from 25.3%
Though reporting repeated profits, the company pays out little dividend (3.6%)
Expensive relative to growth - PEG of 4.5

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.30	39.59	173409.49	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	RACLGEAR	1756.85	41.76	2070.99	0.09	8.90	7.75	132.35	31.50	17.18	24.13

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	88	102	113	106	109	106	113	87	101	120	137	132	132
	66	78	86	83	89	86	89	68	82	96	106	102	116
Operating Profit	22	24	27	23	20	20	24	19	19	24	31	29	17
OPM %	24.90%	23.28%	23.69%	22.00%	18.23%	18.53%	21.19%	22.01%	18.70%	20.28%	22.79%	22.24%	12.52%
	1	2	2	1	1	4	0	5	8	6	4	5	0
Interest	5	6	6	7	7	8	7	7	8	5	5	9	6
Depreciation	7	6	6	6	7	7	8	8	8	8	8	9	9
Profit before Tax	12	14	17	12	6	8	9	9	11	16	21	17	17
Tax %	24.87%	25.26%	27.68%	26.87%	34.65%	21.49%	28.45%	26.39%	26.71%	25.53%	23.77%	26.97%	47.09%
Net Profit	0	0	0	0	4	7	7	6	8	12	16	12	9
	8.12	9.47	11.15	7.80	3.85	6.07	6.07	6.03	7.01	10.48	14.17	10.61	7.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	190	212	204	271	358	410	415	490	522
	159	171	153	214	277	314	330	383	420
Operating Profit	31	41	51	57	82	96	85	107	102
OPM %	16.16%	19.36%	25.06%	21.09%	22.79%	23.41%	20.47%	21.82%	19.47%
	1	1	4	4	9	6	10	22	14
Interest	6	8	8	12	21	24	32	30	25
Depreciation	8	11	16	16	19	25	30	34	35
Profit before Tax	17	22	30	33	51	53	33	66	71
Tax %	43.65%	22.52%	22.32%	27.36%	27.21%	26.28%	27.53%	25.53%	30.43%
Net Profit	10	17	23	24	37	39	24	49	50
EPS	0.00	0.00	21.79	22.17	34.72	36.13	21.71	41.59	—
Dividend Payout %	0.00%	6.35%	4.50%	4.61%	4.35%	4.15%	6.91%	3.61%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 19%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 15%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 93%

RETURN ON EQUITY

10 Years:: —
5 Years:: 19%
3 Years:: 16%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	11	11	11	11	11	11	12
	56	74	97	121	157	194	215	340
	85	90	106	161	199	240	266	211
Trade Payables	21	19	28	29	38	48	49	61
	26	34	36	37	48	102	101	85
Total Liabilities	199	228	278	359	452	595	642	709
	95	108	140	178	227	304	323	342
Capital Work in Progress	0	0	1	4	2	6	5	3
	0	0	0	0	0	0	1	1
	36	41	42	57	95	127	153	147
	0	0	0	0	0	107	125	146
Cash & Bank	1	1	1	10	3	1	3	14
	67	77	94	111	125	50	33	55
Total Assets	199	228	278	359	452	595	642	709

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	28	32	18	68	35	56	92
Cash from Investing	-31	-26	-49	-55	-76	-93	-46	-53
Cash from Financing	11	-7	10	44	18	56	-10	-34
	-0	0	0	-0	2	-1	1	6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.32	53.31	51.30	42.68	42.68	42.68	42.69	42.70
	0.00	0.00	0.03	8.76	8.68	8.96	9.54	9.27
	0.04	0.05	0.05	2.85	2.87	2.74	3.22	3.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.64	46.64	48.62	45.70	45.78	45.62	44.55	44.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Spurt in Volume

2026-09-11 - Significant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - RACL Geartech Limited has informed the Exchange about Transcript

2026-08-26

Spurt in Volume

2026-08-26 - Significant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. RACL Geartech Limited has submitted their response.

2026-08-25

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-25 - RACL Geartech Limited has informed the Exchange about Link of Recording and Outcome

2026-08-25

Investor Presentation

2026-08-25 - RACL Geartech Limited has informed the Exchange about Investor Presentation

2026-08-22

Copy of Newspaper Publication

2026-08-22 - RACL Geartech Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-21

Shareholders meeting

2026-08-21 - RACL Geartech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 14, 2026

2026-08-19

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-19 - RACL Geartech Limited has informed the Exchange about Schedule of meet

2026-08-19

Spurt in Volume

2026-08-19 - Significant increase in volume has been observed in RACL Geartech Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

News

Recent coverage and analyst commentary for RACLGEAR

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RACL Geartech Ltd.

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Name

MOTHERSON

164.30

39.59

173409.49

0.37

1075.66

77.48

35243.77

17.70

13.63

8.86

BOSCHLTD

48388.75

60.40

142727.94

0.56

706.10

-36.74

5841.90

22.00

25.60

14.08

UNOMINDA

1202.40

57.75

69434.66

0.22

315.51

2.10

5556.85

23.79

20.74

11.14

TIINDIA

2607.25

83.21

50469.14

0.13

293.96

-3.04

6215.33

20.20

27.33

8.81

SONACOMS

788.95

70.76

49240.61

0.43

178.51

46.67

1301.20

52.38

14.75

22.55

ENDURANCE

2696.75

39.11

37933.25

0.43

244.52

8.03

4314.89

30.01

18.33

12.42

CRAFTSMAN

11663.75

65.61

30505.88

0.10

150.55

116.31

2431.58

36.30

14.65

15.81

ZFCVINDIA

2548.90

58.10

29007.88

0.03

1044.78

753.75

10661.76

992.89

20.23

12.93

SANSERA

4130.20

73.97

25773.92

0.10

87.36

38.71

1021.26

33.27

14.29

19.18

MSUMI

36.30

38.37

24072.93

1.60

1453.20

915.51

34072.60

1273.43

43.72

7.58

GABRIEL

1345.45

80.11

23845.41

0.37

1081.26

925.35

14256.83

1055.00

26.37

11.71

RACLGEAR

1756.85

41.76

2070.99

0.09

8.90

7.75

132.35

31.50

17.18

24.13

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

102

113

106

109

106

113

101

120

137

132

106

102

116

Operating Profit

OPM %

24.90%

23.28%

23.69%

22.00%

18.23%

18.53%

21.19%

22.01%

18.70%

20.28%

22.79%

22.24%

12.52%

Interest

Depreciation

Profit before Tax

Tax %

24.87%

25.26%

27.68%

26.87%

34.65%

21.49%

28.45%

26.39%

26.71%

25.53%

23.77%

26.97%

47.09%

Net Profit

8.12

9.47

11.15

7.80

3.85

6.07

6.03

7.01

10.48

14.17

10.61

7.55

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

190

212

204

271

358

410

415

490

522

159

171

153

214

277

314

330

383

420

Operating Profit

107

102

OPM %

16.16%

19.36%

25.06%

21.09%

22.79%

23.41%

20.47%

21.82%

19.47%

Interest

Depreciation

Profit before Tax

Tax %

43.65%

22.52%

22.32%

27.36%

27.21%

26.28%

27.53%

25.53%

30.43%

Net Profit

EPS

0.00

21.79

22.17

34.72

36.13

21.71

41.59

—

Dividend Payout %

0.00%

6.35%

4.50%

4.61%

4.35%

4.15%

6.91%

3.61%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

121

157

194

215

340

106

161

199

240

266

211

Trade Payables

102

101

Total Liabilities

199

228

278

359

452

595

642

709

108

140

178

227

304

323

342

Capital Work in Progress

127

153

147

107

125

146

Cash & Bank

111

125

Total Assets

199

228

278

359

452

595

642

709

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-31

-26

-49

-55

-76

-93

-46

-53

Cash from Financing

-7

-10

-34

-0

-1

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

53.32

53.31

51.30

42.68

42.69

42.70

0.00

0.03

8.76

8.68

8.96

9.54

9.27

0.04

0.05

2.85

2.87

2.74

3.22

Government

0.00

46.64

48.62

45.70

45.78

45.62

44.55

44.81

RACL Geartech Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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RACL Geartech Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI