
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Momentum: Stock price has a strong positive momentum. Stock is up 37.8% in last 30 days.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 4.85 kCr |
| Price/Earnings (Trailing) | 17.46 |
| Price/Sales (Trailing) | 0.31 |
| EV/EBITDA | 11.47 |
| Price/Free Cashflow | 45.97 |
| MarketCap/EBT | 13.05 |
| Enterprise Value | 5.72 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 15.87 kCr |
| Rev. Growth (Yr) | 51.4% |
| Earnings (TTM) | 282.35 Cr |
| Earnings Growth (Yr) | 64.6% |
Profitability | |
|---|---|
| Operating Margin | 2% |
| EBT Margin | 2% |
| Return on Equity | 13.87% |
| Return on Assets | 5.3% |
| Free Cashflow Yield | 2.18% |
Growth & Returns | |
|---|---|
| Price Change 1W | 34.4% |
| Price Change 1M | 37.8% |
| Price Change 6M | 117.5% |
| Price Change 1Y | 154.5% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | 18.63 Cr |
| Cash Flow from Operations (TTM) | 113.69 Cr |
| Cash Flow from Financing (TTM) | -80.27 Cr |
| Cash & Equivalents | 81.21 Cr |
| Free Cash Flow (TTM) | 105.44 Cr |
| Free Cash Flow/Share (TTM) | 16 |
Balance Sheet | |
|---|---|
| Total Assets | 5.33 kCr |
| Total Liabilities | 3.29 kCr |
| Shareholder Equity | 2.04 kCr |
| Current Assets | 5.22 kCr |
| Current Liabilities | 3.27 kCr |
| Net PPE | 45.29 Cr |
| Inventory | 2.55 kCr |
| Goodwill | 2.87 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.18 |
| Debt/Equity | 0.47 |
| Interest Coverage | 2.49 |
| Interest/Cashflow Ops | 2.07 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.54% |
| Shares Dilution (1Y) | 0.00% |
Momentum: Stock price has a strong positive momentum. Stock is up 37.8% in last 30 days.
Balance Sheet: Reasonably good balance sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.54% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 42.12 |
Financial Health | |
|---|---|
| Current Ratio | 1.6 |
| Debt/Equity | 0.47 |
Technical Indicators | |
|---|---|
| RSI (14d) | 82.42 |
| RSI (5d) | 79.8 |
| RSI (21d) | 76.08 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Sell |
| RSI5 Signal | Sell |
| RSI21 Signal | Sell |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Rashi Peripherals's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for Rashi Peripherals, highlighting three key structural forces shaping the Indian ICT distribution industry for the next 3 to 4 years.
PC Market Growth: The traditional PC market in India shipped a record 15.9 million units in 2025, growing 10.2% year-on-year, surpassing previous pandemic peaks.
AI PC Acceleration: The growth of AI-enabled notebooks skyrocketed by 129% year-on-year in 2025. Gartner forecasts that AI PCs will represent over 50% of global shipments in 2026, with India following suit closely. The end of Windows 10 support in October 2025 is anticipated to trigger a multiyear upgrade cycle, contributing to sustained demand.
Favorable Component Economics: Distributors are benefiting from a strong pricing environment for components such as DRAM, NAND, and GPU processors driven by AI data center demand. While IDC projects a temporary dip of 5-10% in PC shipments for 2026, management views this as a normalization rather than a headwind, reaffirming confidence in their operational model.
Rashi aims to capture significant market share in India, which offers a potential INR 1.5 lakh crores opportunity with only 15-20% PC penetration. Their strategy focuses on three pillars: expanding high-margin verticals, evaluating margin improvements, and enhancing core business strengths.
Financially, for FY26, consolidated revenue grew by 15% to INR 15,827 crores, with a PAT increase of 35% to INR 282 crores. The management maintains the aspiration of achieving a 20% CAGR over the next several years. They anticipate further growth driven by the semiconductor segment, which has already seen a remarkable 131% increase year-on-year.
Overall, management appears confident in navigating the projected challenges and capitalizing on the favorable growth trajectory in the ICT distribution market.
Question 1: How much was the top line growth driven by pricing versus volume? What would be the normalized growth for FY '27 onwards? Can the semiconductor and AI-led business meaningfully alter overall margins, and when?
Answer: Our top-line growth in H2 was approximately 46% year-on-year, with about 20-22% driven by pricing increases. We anticipate maintaining a 20% CAGR moving forward, consistent with our historical performance. Regarding the semiconductor business, we achieved a 131% year-on-year growth, but a meaningful impact on our overall top and bottom lines is a few years away.
Question 2: What defines an AI PC, and how much of the market is currently adopted?
Answer: An AI PC is defined as having a Neural Processing Unit (NPU) or a high-end processor with GPU capabilities for AI workloads. Presently, around 25% of PCs sold in India are classified as AI PCs, and this segment is expected to see significant growth in the coming years.
Question 3: How has the PC refresh cycle been influenced by recent price hikes, and when do you expect demand to normalize?
Answer: Initially, large corporate clients extended their refresh cycles due to price hikes; however, there is a reversal underway. Companies are realizing it is better to refresh now than to face higher costs later. Given this shift, we anticipate a return to normal refresh cycles resembling previous trends, particularly in FY '27.
Question 4: How will your semiconductor business impact working capital and margins in the near term?
Answer: While the semiconductor business has higher working capital days, our gross margins are considerably better. Currently, this business doesn't require extensive working capital due to its smaller size, and as it grows, we expect it to provide improved margins, although the impact will take time to reflect in overall results.
Question 5: What growth did the LIT segment achieve this year, and what are the expectations for it going forward?
Answer: The LIT segment grew 24% year-on-year, while the PES segment saw a 37% increase. We expect the LIT segment to maintain strong growth, supported by a wide range of offerings and a balanced portfolio that allows us to capitalize on various market conditions.
Question 6: What are your future aspirations regarding PAT margins, especially with the potential super cycle?
Answer: The distribution industry typically operates within PAT margins of 1.5% to 1.75%. Given the super cycle we anticipate, while we may see fluctuations based on product mixes, this margin range remains a guideline for the industry.
Question 7: What impact does the ST Finserv partnership have on your working capital?
Answer: The partnership with ST Finserv is intended to provide channel partners with financial support, which should help reduce our working capital needs. This program is structured so that the credit risk and funding costs are borne by the channel partners, not us.
Question 8: What is your strategy when it comes to participating in data center projects, considering their capital requirements?
Answer: We will strategically pick projects that offer suitable returns on investment, ensuring that we do not compromise our core distribution business growth. Our expertise allows us to take on lucrative projects without affecting our regular operations.
Feel free to ask if you need more detailed information on any segment.
Understand Rashi Peripherals ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| MKC Family Trust (Richa Vohra, Rashi Choudhary) | 11.22% |
| Meena K Choudhary | 9.77% |
| Krishna Kumar Choudhary (HUF) | 8.76% |
| Bandhan Small Cap Fund | 7.58% |
| Chaman Suresh Pansari | 6.21% |
| Kapal Suresh Pansari | 6.21% |
| Volrado Venture Partners Fund - III - Volrado Venture Partners Fund III - Beta | 6.1% |
| Manju Suresh Pansari | 5.67% |
| Suresh Mahavirprasad Pansari | 5.67% |
| Chaman Pansari Family Trust (Suresh Mahavirprasad Pansari,Kapal Suresh Pansari, Chaman Suresh Pansari) | 2.76% |
| Kapal Pansari Family Trust (Suresh Mahavirprasad Pansari,Kapal Suresh Pansari, Chaman Suresh Pansari) | 2.76% |
| Suresh M Pansari (HUF) | 2.51% |
| Madhuri Madhusudan Kela | 2.44% |
| Krishna Kumar Choudhary | 2.18% |
| New Mark Capital AIF LLP | 1.5% |
| L7 Securities Private Limited | 1.24% |
| LLP-PMS | 0.34% |
| Priyanka Kapal Pansari | 0.17% |
| Gazal Chaman Pansari | 0.09% |
| Richa Vohra | 0.02% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Rashi Peripherals against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| REDINGTON | Redington | 21.95 kCr | 1.19 LCr | +26.60% | -5.30% | 14.73 | 0.18 | - | - |
| DLINKINDIA | D-Link (India) | 1.86 kCr | 1.58 kCr | +14.00% | +0.30% | 17.91 | 1.18 | - | - |
| HCL-INSYS | HCL Infosystems | 406.9 Cr | 54.52 Cr | +6.80% | -26.30% | -12.24 | 7.46 | - | - |
Comprehensive comparison against sector averages
RPTECH metrics compared to IT
| Category | RPTECH | IT |
|---|---|---|
| PE | 17.46 | 67.62 |
| PS | 0.31 | 1.53 |
| Growth | 14.7 % | 15.1 % |
Rashi Peripherals Limited operates as a distribution partner for information and communications technology (ICT) products of various brands in India. The company provides personal computing, mobility, enterprise, and cloud solutions. It also distributes personal computing devices, embedded designs/products, enterprise, and cloud computing solutions. In addition, the company offers storage and memory devices, lifestyle peripherals, and power equipment. Rashi Peripherals Limited was incorporated in 1989 and is based in Mumbai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
RPTECH vs IT (2025 - 2026)