Income Statement Raasi Refractories Limited

Stocks

RASSIREF

INE858D01017

Construction Materials

Market Closed - Bombay S.E. 06:02:26 2026-09-07 EDT			5-day change	1st Jan Change
19.26 ^INR	+4.96%	$Intraday chart for Raasi Refractories Limited$	+4.96%	-4.65%

08-25	Raasi Refractories Limited Announces Resignation of Nitin Kumar Pugalia from Company Secretary, Effective August 24, 2026	CI
08-14	Raasi Refractories Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: RAASI REFRACTORIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Revenues	209M	629M	591M	403M	357M
Other Revenues, Total	-	-	-	-	-1K
Total Revenues	209M	629M	591M	403M	357M
Cost of Goods Sold, Total	86.04M	424M	444M	289M	261M
Gross Profit	123M	205M	147M	114M	96.17M
Selling General & Admin Expenses, Total	1.44M	2.19M	2.52M	2.24M	2.32M
Depreciation & Amortization - (IS)	2.89M	2.89M	4.31M	8M	7.51M
Other Operating Expenses	90.37M	169M	108M	78.33M	73.42M
Other Operating Expenses, Total	94.7M	175M	115M	88.57M	83.25M
Operating Income	28.34M	30.25M	32.09M	25.24M	12.92M
Interest Expense, Total	-22.13M	-24.14M	-18.3M	-20.4M	-18.26M
Interest And Investment Income	617K	525K	590K	661K	396K
Net Interest Expenses	-21.51M	-23.61M	-17.71M	-19.74M	-17.86M
Other Non Operating Income (Expenses)	-2.81M	-995K	-4M	-3.16M	5.33M
EBT, Excl. Unusual Items	4.02M	5.64M	10.38M	2.34M	394K
Other Unusual Items	-	-	-	-	-55K
EBT, Incl. Unusual Items	4.02M	5.64M	10.38M	2.34M	339K
Income Tax Expense	507K	-5.87M	1.74M	-624K	-552K
Earnings From Continuing Operations	3.51M	11.51M	8.64M	2.96M	891K
Net Income to Company	3.51M	11.51M	8.64M	2.96M	891K
Net Income - (IS)	3.51M	11.51M	8.64M	2.96M	891K
Net Income to Common Incl Extra Items	3.51M	11.51M	8.64M	2.96M	891K
Net Income to Common Excl. Extra Items	3.51M	11.51M	8.64M	2.96M	891K
Per Share Items
Net EPS - Basic	0.75	2.44	1.83	0.63	0.19
Basic EPS - Continuing Operations	0.75	2.44	1.83	0.63	0.19
Basic Weighted Average Shares Outstanding	4.71M	4.71M	4.71M	4.71M	4.71M
Net EPS - Diluted	0.75	2.44	1.83	0.63	0.19
Diluted EPS - Continuing Operations	0.75	2.44	1.83	0.63	0.19
Diluted Weighted Average Shares Outstanding	4.71M	4.71M	4.71M	4.71M	4.71M
Normalized Basic EPS	0.53	0.75	1.38	0.31	0.05
Normalized Diluted EPS	0.53	0.75	1.38	0.31	0.05
Supplemental Items
EBITDA	31.23M	33.14M	36.4M	33.24M	20.43M
EBITA	28.34M	30.25M	32.09M	25.24M	12.92M
EBIT	28.34M	30.25M	32.09M	25.24M	12.92M
Total Revenues (As Reported)	210M	629M	591M	404M	367M
Effective Tax Rate - (Ratio)	12.61	-103.99	16.73	-26.68	-162.83
Total Current Taxes	507K	-	1M	608K	106K
Total Deferred Taxes	-	-5.36M	737K	-1.23M	-658K
Normalized Net Income	2.51M	3.53M	6.49M	1.46M	246K
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Maintenance & Repair Expenses, Total	1.17M	319K	474K	365K	519K

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Assets
Cash And Equivalents	4.85M	5.32M	1.14M	6.47M	4.72M
Total Cash And Short Term Investments	4.85M	5.32M	1.14M	6.47M	4.72M
Accounts Receivable, Total	124M	226M	344M	316M	297M
Other Receivables	-	-	-	-	-
Total Receivables	124M	226M	344M	316M	297M
Inventory	133M	82.74M	3.31M	76.98M	75.82M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	16.77M	48.6M	22.97M	50.86M	31.31M
Total Current Assets	279M	363M	371M	450M	408M
Gross Property Plant And Equipment	291M	291M	305M	309M	309M
Accumulated Depreciation	-205M	-208M	-213M	-221M	-228M
Net Property Plant And Equipment	85.16M	82.27M	92.14M	88.63M	81.14M
Other Long-Term Assets, Total	-1	-	-	-1K	-
Total Assets	364M	445M	464M	539M	490M
Liabilities
Accounts Payable, Total	17.14M	66.93M	123M	170M	109M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	146M	185M	154M	154M	160M
Current Portion of Long-Term Debt	-	-	-	-	-
Other Current Liabilities	10.19M	11.2M	150M	154M	159M
Total Current Liabilities	173M	263M	427M	477M	428M
Long-Term Debt	289M	271M	116M	140M	149M
Unearned Revenue Non Current	45.2M	48.3M	48.3M	48.3M	38.6M
Pension & Other Post Retirement Benefits	2.01M	2.01M	2.01M	2.01M	2.01M
Deferred Tax Liability Non Current	10.45M	5.1M	5.83M	4.6M	3.94M
Other Non Current Liabilities	-	-	-1K	-1K	-
Total Liabilities	520M	590M	600M	672M	622M
Common Stock, Total	47.13M	47.13M	47.13M	47.13M	47.13M
Additional Paid In Capital	16.9M	16.9M	16.9M	16.9M	16.9M
Retained Earnings	-221M	-209M	-201M	-198M	-197M
Comprehensive Income and Other	575K	575K	575K	574K	574K
Total Common Equity	-156M	-145M	-136M	-133M	-132M
Total Equity	-156M	-145M	-136M	-133M	-132M
Total Liabilities And Equity	364M	445M	464M	539M	490M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.71M	4.71M	4.71M	4.71M	4.71M
ECS Total Common Shares Outstanding	4.71M	4.71M	4.71M	4.71M	4.71M
Book Value / Share	-33.15	-30.71	-28.87	-28.25	-28.06
Tangible Book Value	-156M	-145M	-136M	-133M	-132M
Tangible Book Value Per Share	-33.15	-30.71	-28.87	-28.25	-28.06
Total Debt	435M	456M	270M	294M	309M
Net Debt	430M	451M	269M	287M	304M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	25.86M	32.5M	299K	25.02M	12.2M
Inventories - Work In Process, Total	17.5M	31.52M	2.35M	20.42M	22.68M
Inventories - Finished Goods, Total	36.97M	15.63M	129K	30.32M	38.11M
Inventories - Others	6.78M	3.09M	524K	1.21M	2.82M
Land - (BS)	1.74M	1.74M	1.74M	1.74M	1.74M
Buildings, Total	69.97M	69.97M	69.97M	69.97M	69.97M
Machinery, Total	192M	192M	206M	211M	211M
Full Time Employees	-	-	-	-	-

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Net Income	3.51M	11.51M	8.64M	2.96M	891K
Depreciation & Amortization - CF	2.89M	2.89M	4.31M	8M	7.51M
Depreciation & Amortization, Total	2.89M	2.89M	4.31M	8M	7.51M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	24.83M	18.74M	23.44M	22.28M	21.68M
Change In Accounts Receivable	14.88M	-102M	-118M	28.23M	19.17M
Change In Inventories	-15.95M	4.36M	79.44M	-73.67M	1.16M
Change In Accounts Payable	10.99M	49.79M	56.54M	46.09M	-60.83M
Change in Other Net Operating Assets	4.05M	17.96M	164M	-26.57M	22.25M
Cash from Operations	45.2M	2.81M	218M	7.33M	11.83M
Capital Expenditure	-46.02K	-	-14.18M	-4.5M	-11K
Other Investing Activities, Total	110K	1.03M	-410K	54K	290K
Cash from Investing	63.86K	1.03M	-14.59M	-4.44M	279K
Short Term Debt Issued, Total	-	39.25M	-	-	6.14M
Long-Term Debt Issued, Total	-	-	-	24.08M	9.17M
Total Debt Issued	-	39.25M	-	24.08M	15.31M
Short Term Debt Repaid, Total	-1.04M	-	-31.55M	-5K	-
Long-Term Debt Repaid, Total	-8.02M	-17.99M	-155M	-	-
Total Debt Repaid	-9.05M	-17.99M	-187M	-5K	-
Other Financing Activities, Total	-24.94M	-25.13M	-22.3M	-23.56M	-32.33M
Cash from Financing	-33.99M	-3.88M	-209M	516K	-17.02M
Miscellaneous Cash Flow Adjustments	-	-	1K	-1K	1K
Net Change in Cash	11.27M	-30.34K	-5.11M	3.4M	-4.9M
Supplemental Items
Cash Interest Paid	22.13M	24.14M	22.3M	23.56M	22.63M
Cash Income Tax Paid (Refund)	507K	-507K	1M	608K	106K
Levered Free Cash Flow	4.93M	-26.22M	182M	-17.46M	-10.92M
Unlevered Free Cash Flow	18.76M	-11.13M	193M	-4.7M	486K
Change In Net Working Capital	1.8M	32.93M	-183M	23.98M	15.09M
Net Debt Issued / Repaid	-9.05M	21.26M	-187M	24.08M	15.31M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Profitability
Return on Assets	4.92	4.67	4.41	3.15	1.57
Return on Total Capital	6.29	6.41	9.01	10.72	4.78
Return On Equity %	-2.22	-7.65	-6.16	-2.2	-0.67
Return on Common Equity	-2.22	-7.65	-6.16	-2.2	-0.67
Margin Analysis
Gross Profit Margin %	58.85	32.56	24.9	28.22	26.92
SG&A Margin	0.69	0.35	0.43	0.55	0.65
EBITDA Margin %	14.94	5.27	6.16	8.24	5.72
EBITA Margin %	13.56	4.81	5.43	6.26	3.62
EBIT Margin %	13.56	4.81	5.43	6.26	3.62
Income From Continuing Operations Margin %	1.68	1.83	1.46	0.73	0.25
Net Income Margin %	1.68	1.83	1.46	0.73	0.25
Net Avail. For Common Margin %	1.68	1.83	1.46	0.73	0.25
Normalized Net Income Margin	1.2	0.56	1.1	0.36	0.07
Levered Free Cash Flow Margin	2.36	-4.17	30.74	-4.33	-3.06
Unlevered Free Cash Flow Margin	8.97	-1.77	32.68	-1.17	0.14
Asset Turnover
Asset Turnover	0.58	1.56	1.3	0.8	0.69
Fixed Assets Turnover	2.41	7.51	6.77	4.46	4.21
Receivables Turnover (Average Receivables)	1.59	3.6	2.07	1.22	1.17
Inventory Turnover (Average Inventory)	0.68	4.99	10.31	7.21	3.42
Short Term Liquidity
Current Ratio	1.61	1.38	0.87	0.94	0.95
Quick Ratio	0.74	0.88	0.81	0.68	0.7
Operating Cash Flow to Current Liabilities	0.26	0.01	0.51	0.02	0.03
Days Sales Outstanding (Average Receivables)	228.9	101.5	176.16	299.39	312.89
Days Outstanding Inventory (Average Inventory)	535.62	73.08	35.4	50.75	106.83
Average Days Payable Outstanding	42.46	36.55	95.41	147.66	195.44
Cash Conversion Cycle (Average Days)	722.06	138.03	116.15	202.49	224.28
Long Term Solvency
Total Debt/Equity	-278.42	-315.25	-198.21	-220.71	-233.78
Total Debt / Total Capital	156.05	146.46	201.82	182.84	174.75
LT Debt/Equity	-185	-187.28	-85.3	-105.29	-112.94
Long-Term Debt / Total Capital	103.69	87.01	86.85	87.23	84.42
Total Liabilities / Total Assets	142.95	132.52	129.36	124.71	127.01
EBIT / Interest Expense	1.28	1.25	1.75	1.24	0.71
EBITDA / Interest Expense	1.41	1.37	1.99	1.63	1.12
(EBITDA - Capex) / Interest Expense	1.41	1.37	1.21	1.41	1.12
Total Debt / EBITDA	13.93	13.77	7.41	8.84	15.13
Net Debt / EBITDA	13.77	13.61	7.38	8.64	14.9
Total Debt / (EBITDA - Capex)	13.95	13.77	12.14	10.22	15.14
Net Debt / (EBITDA - Capex)	13.79	13.61	12.09	10	14.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-56.64	200.81	-6.09	-31.72	-11.43
Gross Profit, 1 Yr. Growth %	-39.32	66.43	-28.2	-22.6	-15.5
EBITDA, 1 Yr. Growth %	-25.13	6.11	9.83	-8.67	-38.53
EBITA, 1 Yr. Growth %	-26.85	6.73	6.07	-21.33	-48.8
EBIT, 1 Yr. Growth %	-26.85	6.73	6.07	-21.33	-48.8
Earnings From Cont. Operations, 1 Yr. Growth %	-71.08	227.64	-24.88	-65.72	-69.93
Net Income, 1 Yr. Growth %	-71.08	227.64	-24.88	-65.72	-69.93
Normalized Net Income, 1 Yr. Growth %	-75.2	40.36	84.04	-77.47	-83.16
Diluted EPS Before Extra, 1 Yr. Growth %	-71.08	227.46	-25	-65.65	-69.93
Accounts Receivable, 1 Yr. Growth %	-10.74	82.82	52.14	-8.21	-6.07
Inventory, 1 Yr. Growth %	11.8	-5.01	-96	2.23K	-1.51
Net Property, Plant and Equip., 1 Yr. Growth %	-3.23	-3.39	11.99	-3.8	-8.46
Total Assets, 1 Yr. Growth %	2.14	22.35	4.16	16.21	-9.12
Tangible Book Value, 1 Yr. Growth %	-2.2	-7.36	-5.97	-2.18	-0.67
Common Equity, 1 Yr. Growth %	-2.2	-7.36	-5.97	-2.18	-0.67
Cash From Operations, 1 Yr. Growth %	-57.95	-93.77	7.66K	-96.64	61.48
Capital Expenditures, 1 Yr. Growth %	-97.94	-	-	-68.26	-99.76
Levered Free Cash Flow, 1 Yr. Growth %	-93.53	-632.08	-792.59	-109.61	-37.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-78.83	-159.33	-1.83K	-102.44	-110.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-28.82	14.21	68.08	-19.92	-22.23
Gross Profit, 2 Yr. CAGR %	0.62	0.5	9.32	-25.45	-19.13
EBITDA, 2 Yr. CAGR %	-23.1	-10.87	7.96	0.15	-25.08
EBITA, 2 Yr. CAGR %	-24.67	-11.64	6.4	-8.65	-36.54
EBIT, 2 Yr. CAGR %	-24.67	-11.64	6.4	-8.65	-36.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-70.54	-2.65	56.88	-49.25	-67.89
Net Income, 2 Yr. CAGR %	-70.54	-2.65	56.88	-49.25	-67.89
Normalized Net Income, 2 Yr. CAGR %	-49.22	-41	60.71	-35.6	-80.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-70.37	-2.68	56.71	-49.24	-67.86
Accounts Receivable, 2 Yr. CAGR %	-29.42	27.75	66.78	18.18	-7.14
Inventory, 2 Yr. CAGR %	9.18	-16.69	-80.52	-3.54	378.89
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.04	-3.31	4.01	3.8	-6.16
Total Assets, 2 Yr. CAGR %	-11.73	11.79	12.89	10.02	2.77
Tangible Book Value, 2 Yr. CAGR %	-4.66	-4.82	-6.67	-4.09	-1.43
Common Equity, 2 Yr. CAGR %	-4.66	-4.82	-6.67	-4.09	-1.43
Cash From Operations, 2 Yr. CAGR %	120.9	-83.82	119.77	61.37	-76.72
Capital Expenditures, 2 Yr. CAGR %	-66.45	-	1.66K	-	-97.22
Levered Free Cash Flow, 2 Yr. CAGR %	-79.06	-41.31	507.05	-18.4	-75.47
Unlevered Free Cash Flow, 2 Yr. CAGR %	-54.69	-64.56	220.76	-34.99	-94.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.31	15.08	7	24.48	-17.19
Gross Profit, 3 Yr. CAGR %	0.75	19	-10.16	-2.57	-22.27
EBITDA, 3 Yr. CAGR %	-16.52	-14.39	-4.44	2.1	-14.89
EBITA, 3 Yr. CAGR %	-11.98	-15.39	-6.09	-3.79	-24.69
EBIT, 3 Yr. CAGR %	-11.98	-15.39	-6.09	-3.79	-24.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.07	-34.24	-10.71	-5.51	-57.38
Net Income, 3 Yr. CAGR %	-20.07	-34.24	-10.71	-5.51	-57.38
Normalized Net Income, 3 Yr. CAGR %	-16.39	-28.74	-13.79	-16.51	-58.82
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.07	-34.01	-10.77	-5.51	-57.37
Accounts Receivable, 3 Yr. CAGR %	-23.04	-3.07	35.41	36.68	9.47
Inventory, 3 Yr. CAGR %	-18.71	-9.55	-69.73	-4.03	-2.87
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.31	-2.49	1.54	1.34	-0.46
Total Assets, 3 Yr. CAGR %	-19.1	-1.58	9.19	13.99	3.23
Tangible Book Value, 3 Yr. CAGR %	-9.66	-5.57	-5.2	-5.2	-2.97
Common Equity, 3 Yr. CAGR %	-9.66	-5.57	-5.2	-5.2	-2.97
Cash From Operations, 3 Yr. CAGR %	-10.79	-32.77	26.64	-45.47	61.41
Capital Expenditures, 3 Yr. CAGR %	-71.8	-	85	360.69	-
Levered Free Cash Flow, 3 Yr. CAGR %	-54.73	-38.45	33.62	52.44	-25.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-22.67	-50.43	29.62	-36.94	-64.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.68	54.13	22.11	-0.46	-5.82
Gross Profit, 5 Yr. CAGR %	64.9	35.8	4.09	-1.3	-13.86
EBITDA, 5 Yr. CAGR %	6.67	34.19	-7.48	-8.84	-13.3
EBITA, 5 Yr. CAGR %	-3.16	47.53	-5.04	-12.76	-19.72
EBIT, 5 Yr. CAGR %	-3.16	47.53	-5.04	-12.76	-19.72
Earnings From Cont. Operations, 5 Yr. CAGR %	-31.94	-18.38	4.68	-40.72	-40.69
Net Income, 5 Yr. CAGR %	-31.94	-18.38	4.68	-40.72	-40.69
Normalized Net Income, 5 Yr. CAGR %	-41.93	-29.22	8.58	-31.57	-52.45
Diluted EPS Before Extra, 5 Yr. CAGR %	-31.93	-18.39	4.64	-40.58	-40.69
Accounts Receivable, 5 Yr. CAGR %	0.61	10.92	4.86	4.93	16.44
Inventory, 5 Yr. CAGR %	16.14	-0.09	-57.84	-7.19	-8.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.49	-4.1	0.17	-0.02	-1.61
Total Assets, 5 Yr. CAGR %	1.73	5.14	-7.56	2.91	6.57
Tangible Book Value, 5 Yr. CAGR %	-3.48	-7.89	-8.48	-4.98	-3.71
Common Equity, 5 Yr. CAGR %	-3.48	-7.89	-8.48	-4.98	-3.71
Cash From Operations, 5 Yr. CAGR %	5.7	-23.3	27.95	-4.58	-35.68
Capital Expenditures, 5 Yr. CAGR %	-74.58	-	47.18	61.55	-65.47
Levered Free Cash Flow, 5 Yr. CAGR %	-36.82	-4.1	27.87	-31.1	-32.18
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.76	-5.42	36.61	-44.75	-64.7