Royal Arc Electrodes Ltd.

•

royalarc.in/BSE: -NSE: ROYALARC

Market Cap₹ 171 Cr.

Current Price

High / Low₹ 197 / 126

Stock P/E17.0

Book Value₹ 73

Price to Book2.31

Dividend Yield0.65 %

ROCE18.0 %

ROE13.1 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company has delivered good profit growth of 44.9% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 27.8%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.8%
Company has delivered good sales growth of 21.8% CAGR over last 5 years

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.58x)
Equity base is being diluted - shares outstanding up 509.9%
Free cash flow has been persistently negative
Growth is decelerating - 3Y profit CAGR (1.6%) trails the 5Y trend (44.9%)
Though reporting repeated profits, the company pays out little dividend (11.1%)

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

Peer comparison

Capital GoodsCapital GoodsElectrodes & Welding Equipment

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

S.No.	Name
1.	GRAPHITE	824.20	75.60	16102.86	0.85	171.00	28.57	842.00	26.62	4.39	17.10
2.	ESABINDIA	5885.40	168.90	9059.41	1.27	56.14	37.13	421.12	19.63	69.97	18.80
3.	ADOR	1598.35	24.50	2781.58	1.44	27.60	798.73	309.46	22.88	22.31	11.54
4.	DIFFNKG	450.35	30.79	1685.49	0.33	16.68	35.97	110.11	36.49	16.27	16.90
5.	DENORA	794.50	34.58	421.77	0.50	6.39	96.62	35.27	-15.96	9.67	16.14
6.	PANCARBON	432.90	10.82	207.79	2.77	42.57	575.93	111.01	599.06	16.80	23.34
7.	ROYALARC	154.00	17.02	170.94	0.65	—	—	—	—	17.99	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	64	68	76	65	43	63	97	100	102	116
	59	63	71	61	41	59	83	83	87	101
Operating Profit	5	5	5	3	3	4	14	17	15	15
OPM %	7.77%	7.40%	6.75%	5.41%	6.31%	5.79%	14.86%	17.31%	14.83%	13.30%
	0	0	0	1	2	2	1	1	0	2
Interest	2	2	2	1	1	1	1	0	0	0
Depreciation	2	2	2	2	2	2	2	2	3	4
Profit before Tax	2	2	2	2	2	3	13	16	12	14
Tax %	34.26%	17.92%	28.92%	23.53%	27.32%	24.44%	26.70%	25.64%	25.19%	26.23%
Net Profit	1	1	1	1	2	2	10	12	9	10
EPS	5.80	7.87	6.91	6.55	8.64	2.28	10.29	13.04	8.11	9.05
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.05%

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 22%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 24%
5 Years:: 45%
3 Years:: 2%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 24%
3 Years:: 21%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	2	2	2	2	9	11	11
	12	13	14	15	17	19	29	33	61	70
	21	24	19	12	8	8	1	0	1	0
Trade Payables	10	10	13	7	8	10	8	5	5	2
	4	4	4	2	4	4	4	4	3	8
Total Liabilities	48	53	52	39	40	42	44	52	81	91
	18	18	16	15	16	15	14	16	20	25
Capital Work in Progress	1	0	0	0	0	0	0	1	2	5
	0	0	0	0	0	0	1	2	1	2
	12	14	15	11	9	11	6	9	14	13
	0	0	0	0	0	0	0	21	21	26
Cash & Bank	1	4	2	1	0	0	3	1	19	14
	17	18	18	13	15	17	19	2	3	6
Total Assets	48	53	52	39	40	42	44	52	81	91

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6	3	5	6	7	3	13	6	5	8
Cash from Investing	-2	-1	-0	1	-3	-1	-2	-6	-7	-11
Cash from Financing	-5	1	-6	-8	-5	-2	-7	-2	20	-1
	-0	3	-1	-2	-0	-0	3	-2	18	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025	Mar 2026
	100.00	100.00	100.00	100.00	100.00	72.96	72.96	72.96
	0.00	0.00	0.00	0.00	0.00	7.14	5.24	5.57
	0.00	0.00	0.00	0.00	0.00	0.19	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	19.71	21.79	21.47

Documents

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

No announcements filed.

News

Recent coverage and analyst commentary for ROYALARC

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Royal Arc Electrodes Ltd.

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Name

GRAPHITE

824.20

75.60

16102.86

0.85

171.00

28.57

842.00

26.62

4.39

17.10

ESABINDIA

5885.40

168.90

9059.41

1.27

56.14

37.13

421.12

19.63

69.97

18.80

ADOR

1598.35

24.50

2781.58

1.44

27.60

798.73

309.46

22.88

22.31

11.54

DIFFNKG

450.35

30.79

1685.49

0.33

16.68

35.97

110.11

36.49

16.27

16.90

DENORA

794.50

34.58

421.77

0.50

6.39

96.62

35.27

-15.96

9.67

16.14

PANCARBON

432.90

10.82

207.79

2.77

42.57

575.93

111.01

599.06

16.80

23.34

ROYALARC

154.00

17.02

170.94

0.65

—

17.99

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

100

102

116

101

Operating Profit

OPM %

7.77%

7.40%

6.75%

5.41%

6.31%

5.79%

14.86%

17.31%

14.83%

13.30%

Interest

Depreciation

Profit before Tax

Tax %

34.26%

17.92%

28.92%

23.53%

27.32%

24.44%

26.70%

25.64%

25.19%

26.23%

Net Profit

EPS

5.80

7.87

6.91

6.55

8.64

2.28

10.29

13.04

8.11

9.05

Dividend Payout %

0.00%

11.05%

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Trade Payables

Total Liabilities

Capital Work in Progress

Cash & Bank

Total Assets

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-2

-1

-0

-3

-1

-2

-6

-7

-11

Cash from Financing

-5

-6

-8

-5

-2

-7

-2

-1

-0

-1

-2

-0

-2

-5

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2025

Mar 2026

100.00

72.96

0.00

7.14

5.24

5.57

0.00

0.19

0.00

Government

0.00

19.71

21.79

21.47

Royal Arc Electrodes 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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Royal Arc Electrodes 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