Raasi Refractories quarterly results and financials

Raasi Refractories (BSE 502271)₹18.00+2.27%(2 Nov 2026 close)Industrial Products

Key facts

In the Mar 2026 quarter (standalone), Raasi Refractories reported sales of ₹10.53 Cr, down 13.0% from Mar 2025, and net profit of −₹2.09 Cr, down 191.7% year on year. For the year to Mar 2026, sales were ₹55.19 Cr and net profit ₹0.12 Cr.

Sales (Mar 2026): ₹10.53 Cr
Net profit (Mar 2026): −₹2.09 Cr
Sales (FY Mar 2026): ₹55.19 Cr
Net profit (FY Mar 2026): ₹0.12 Cr
EPS (Mar 2026): ₹−4.40
Borrowings (Mar 2026): ₹37.26 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Raasi Refractories quarterly results

₹ crore unless stated; each column is a quarter.

Raasi Refractories Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	2.33	16.90	7.77	13.32	9.78	11.62	2.19	12.10	10.83	15.52	18.32	10.53
Expenses	3.84	11.63	9.08	12.43	10.22	9.46	4.39	9.56	9.89	14.68	19.77	11.83
Operating Profit	−1.52	5.28	−1.34	0.90	−0.45	2.19	−2.21	2.53	0.95	0.85	−1.48	−1.31
OPM %	−64.5%	31.2%	−17.1%	6.7%	−4.5%	18.8%	−99.9%	20.9%	8.7%	5.4%	−8.0%	−12.3%
Other Income	0.00	0.00	0.03	0.02	0.73	−0.72	0.61	0.37	0.00	3.85	0.00	0.05
Interest	0.64	0.62	0.60	0.54	0.62	0.63	0.51	0.54	0.49	0.46	0.43	0.68
Depreciation	0.12	0.12	0.12	0.49	0.21	0.21	0.21	0.16	0.20	0.20	0.20	0.13
Profit before tax	−2.24	4.54	−1.98	−0.08	−0.50	0.62	−2.27	2.21	0.26	4.05	−2.07	−2.02
Tax %	0.0%	0.0%	0.0%	−66.7%	0.0%	0.0%	0.0%	−2.7%	0.0%	0.0%	0.0%	2.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−2.26	4.56	−2.00	−0.03	−0.52	0.64	−2.29	2.28	0.29	4.07	−2.09	−2.09
EPS (Rs)	−4.78	9.64	−4.21	−0.03	−1.07	1.33	−4.85	4.81	0.58	8.60	−4.40	−4.40

Raasi Refractories profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Raasi Refractories Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	9.68	7.22	21.76	41.26	48.23	20.90	62.84	59.06	40.31	35.74	55.19	55.20
Expenses	11.92	6.45	16.13	35.98	44.06	17.78	59.52	55.40	36.99	33.67	56.21	56.17
Operating Profit	−2.27	0.78	5.62	5.29	4.18	3.13	3.32	3.65	3.33	2.05	−1.00	−0.99
OPM %	−23.4%	10.7%	25.8%	12.9%	8.7%	15.0%	5.3%	6.2%	8.3%	5.7%	−1.8%	−1.8%
Other Income	3.73	0.06	0.02	2.55	0.04	0.05	0.04	0.05	0.06	0.99	3.84	3.90
Interest	2.83	2.83	3.75	3.52	2.31	2.50	2.52	2.24	2.37	2.27	2.03	2.06
Depreciation	1.08	1.20	1.22	0.30	0.31	0.30	0.30	0.44	0.81	0.76	0.69	0.73
Profit before tax	−2.40	−3.16	0.68	4.03	1.61	0.39	0.55	1.03	0.22	0.02	0.15	0.22
Tax %	0.0%	0.0%	0.0%	0.0%	25.3%	12.5%	−105.4%	16.3%	−26.1%	−200.0%	25.0%	—
Exceptional items	3.69	0.00	0.00	2.50	0.00	0.00	0.00	0.00	0.00	0.00	−0.02	0.00
Net Profit	−2.41	−3.19	0.70	4.06	1.22	0.36	1.16	0.87	0.31	0.10	0.12	0.18
EPS (Rs)	−5.08	−6.74	1.47	8.58	2.58	0.73	2.43	1.81	0.63	0.18	0.22	0.38
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Raasi Refractories balance sheet

₹ crore, at each year end.

Raasi Refractories Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70	4.70
Reserves	−20.95	−23.33	−26.51	−25.89	−21.87	−20.67	−20.32	−19.18	−18.29	−18.00	−17.91	−17.82
Borrowings	33.11	38.76	42.10	42.67	52.00	44.30	43.38	45.47	26.89	29.27	30.81	37.26
Other Liabilities	12.75	13.20	14.29	47.08	11.75	7.24	8.56	13.39	32.93	37.77	31.26	31.20
Total Liabilities	29.61	33.33	34.58	68.56	46.58	35.57	36.32	44.38	46.23	53.74	48.86	55.34
Fixed Assets	5.48	8.68	7.48	6.47	6.19	6.11	5.83	5.54	6.53	6.18	5.43	4.91
CWIP	2.55	2.61	2.66	2.67	2.69	2.69	2.69	2.69	2.69	2.69	2.69	2.69
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	21.58	22.04	24.44	59.42	37.70	26.77	27.80	36.15	37.01	44.87	40.74	47.74
Inventories	5.28	6.34	8.33	14.78	5.87	7.14	8.74	8.30	0.34	7.73	7.61	8.14
Trade receivables	12.76	11.98	13.46	27.11	24.78	13.83	12.35	22.59	34.35	31.54	29.60	33.89
Cash & equivalents	0.39	1.79	0.65	1.43	0.96	1.05	2.17	2.17	1.66	2.00	1.51	2.26
Total Assets	29.61	33.33	34.58	68.56	46.58	35.57	36.32	44.38	46.23	53.74	48.86	55.34

Raasi Refractories cash flow

₹ crore, for each year.

Raasi Refractories Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−6.51	−3.42	1.05	−6.36	0.92	10.74	4.51	0.27	21.82	0.72	1.17	−7.33
Cash from investing activity	0.74	−4.29	0.04	−0.20	0.16	−0.57	0.00	0.11	−1.47	−0.43	0.02	3.63
Cash from financing activity	5.66	9.10	−2.22	6.91	−1.19	−10.06	−3.39	−0.38	−20.85	0.04	−1.69	4.46
Net cash flow	−0.12	1.41	−1.15	0.39	−0.13	0.09	1.14	0.00	−0.52	0.35	−0.50	0.76
Capex	0.26	4.34	0.05	0.22	0.05	0.23	0.00	0.00	1.43	0.46	0.00	0.18
Free cash flow	−6.78	−7.77	1.03	−6.60	0.90	10.56	4.53	0.29	20.47	0.29	1.19	−7.52
CFO / OP %	41.0%	152.0%	138.0%	−114.0%	18.0%	258.0%	145.0%	8.0%	600.0%	22.0%	58.0%	741.0%

Raasi Refractories ratios

Working-capital days and returns, by year.

Raasi Refractories Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	352	452	679	454	219	104	215	130	212	285	302	223
Inventory days	77	333	1,127	555	72	92	373	70	2	96	105	66
Days payable	88	473	1,371	578	11	9	75	59	103	215	153	148
Cash conversion cycle	343	314	436	433	282	189	516	144	113	168	256	143
Working capital days	41	209	259	−65	130	68	146	45	−45	−42	−35	−9
ROCE %	−74.9%	−17.6%	−1.7%	21.1%	17.9%	12.4%	10.3%	10.4%	14.7%	17.6%	13.6%	10.5%

Raasi Refractories: frequently asked questions

What are the latest quarterly results of Raasi Refractories?

For the Mar 2026 quarter, Raasi Refractories reported sales of ₹10.53 Cr, down 13.0% year on year and net profit of −₹2.09 Cr, down 191.7% year on year. The operating margin was −12.3%.

What is the annual revenue of Raasi Refractories?

Raasi Refractories' sales for the year to Mar 2026 were ₹55.19 Cr; over the last twelve months they were ₹55.20 Cr.

What is the net profit of Raasi Refractories?

Net profit for the year to Mar 2026 was ₹0.12 Cr, and ₹0.18 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.38.

How much debt does Raasi Refractories have?

Raasi Refractories reported borrowings of ₹37.26 Cr at Mar 2026, against cash and equivalents of ₹2.26 Cr.

What is the free cash flow of Raasi Refractories?

Cash from operations was −₹7.33 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹7.52 Cr.

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