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Rasi Electrodes Ltd (531233)

📊 BSE: 531233 🏢 Industrial Products 📢 Latest filing: 28 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Rasi Electrodes' revenue was ₹17.6 Cr (-9.2% year on year, -5.0% on the previous quarter), and net profit ₹1.3 Cr (+5.9% year on year); the operating margin was 9.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹17.6	-9.2%	-5.0%
Operating profit	₹1.6	+11.0%	+359.9%
Net profit	₹1.3	+5.9%	+75.6%
EPS (₹)	0.43	+7.5%	+79.2%
Operating margin	9.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Rasi Electrodes Concludes 32nd AGM; Proposes 10% Dividend (Re 0.20/Share)

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Sep 2026, 02:22 PM

Rasi Electrodes concluded its 32nd Annual General Meeting on September 28, 2026, transacting four ordinary resolutions including the approval of a 10% dividend (Re 0.20 per share). The Chairman's speech highlighted FY26 revenue of Rs 7,201.18 lakhs, down 11.57% YoY due to raw material steel price corrections, while net profit grew 28.42% to Rs 351.57 lakhs. Production of its flagship CCMS Wire reached 4,841.18 MTs against a total capacity of 5,400 MTPA. Total borrowings were reduced to Rs 9.85 lakhs, bringing the company nearly debt-free.

AGM approved transaction of 4 ordinary resolutions, including a 10% dividend (Re 0.20 per share)
FY26 turnover declined 11.57% to Rs 7,201.18 lakhs, while PAT rose 28.42% to Rs 351.57 lakhs
CCMS Wire production reached 4,841.183 MTs against total installed capacity of 5,400 MTPA
Total borrowings reduced to Rs 9.85 lakhs as of financial year-end
Installation of captive solar power is in advanced stages to lower power costs

💡 Track the final scrutinizer report for formal voting approval of the 10% dividend, followed by Q2 FY27 earnings to monitor margin sustainability.

Rasi Electrodes Convenes 32nd AGM on Sept 28, 2026; Proposes Re 0.20 (10%) Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Aug 2026, 10:26 AM

Rasi Electrodes has released its Notice and Annual Report for the 32nd Annual General Meeting scheduled for September 28, 2026, via Video Conferencing. The Board has recommended an ordinary dividend of Re 0.20 per equity share of face value Rs 2 (10%) for FY26. The record/cut-off date for dividend entitlement and e-voting is September 21, 2026, with dividend distribution to be completed on or before October 27, 2026. Other agenda items include the adoption of FY26 financial statements and the appointment of a Secretarial Auditor for a five-year term.

32nd AGM scheduled for Monday, September 28, 2026 at 9:30 AM via VC/OAVM
Proposed dividend of Re 0.20 per equity share (10% on Rs 2 face value) for FY26
Cut-off and record date set as September 21, 2026 for dividend and e-voting
Remote e-voting window runs from September 24, 2026 (10:00 AM) to September 27, 2026 (5:00 PM)
Book closure period fixed from September 22, 2026 to September 28, 2026

💡 Shareholders seeking dividend eligibility must hold shares as of the record date (September 21, 2026) and can participate in remote e-voting between September 24 and September 27, 2026.

Rasi Electrodes Sets Sept 21, 2026 Record Date for ₹0.20/Share Dividend (10% on Face Value)

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 21 Aug 2026, 01:18 PM

Rasi Electrodes has fixed September 21, 2026, as the record date for determining shareholder eligibility for a proposed dividend of ₹0.20 per equity share (10% of face value of ₹2). The dividend will be subject to approval at the 32nd Annual General Meeting scheduled for September 28, 2026. The book closure is set from September 22, 2026, to September 28, 2026, and eligible shareholders will receive payment on or before October 27, 2026.

Proposed dividend of ₹0.20 per equity share (10% of face value of ₹2.00)
Record date fixed as September 21, 2026
32nd AGM to be held virtually on September 28, 2026
Dividend payment scheduled to be completed on or before October 27, 2026

💡 Investors seeking dividend eligibility must hold shares before the ex-dividend date prior to September 21, 2026, and track shareholder approval at the AGM on September 28, 2026.

Rasi Electrodes Sets 32nd AGM on Sep 28, 2026; Recommends ₹0.20/Share Dividend

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 19 Aug 2026, 11:35 AM

Rasi Electrodes Ltd has scheduled its 32nd Annual General Meeting (AGM) for September 28, 2026, through video conferencing. The Board has recommended a dividend of ₹0.20 per equity share for eligible shareholders as of the September 21, 2026 cut-off date. Book closure is fixed from September 22 to September 28, 2026, and the dividend will be disbursed on or before October 27, 2026. Remote e-voting is scheduled between September 24 and September 27, 2026.

Recommended dividend of ₹0.20 per equity share
32nd AGM scheduled for September 28, 2026 via Video Conferencing
Book closure from September 22, 2026 to September 28, 2026
Dividend payout to be completed on or before October 27, 2026
E-voting window open from September 24, 2026 (10:00 AM) to September 27, 2026 (5:00 PM)

💡 Track the dividend eligibility cut-off date on September 21, 2026 and participate in AGM e-voting by September 27, 2026.

Rasi Electrodes Q1 Net Profit up 5.6% YoY to ₹1.33 Cr despite 9.2% Revenue decline

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 02:27 PM

Rasi Electrodes reported a mixed set of results for Q1 FY27, with revenue from operations declining 9.2% YoY to ₹17.64 crore. Despite the top-line contraction, net profit grew 5.6% YoY to ₹1.33 crore and saw a sharp sequential recovery of 75% from ₹0.76 crore in Q4 FY26. The margin improvement was primarily driven by a significant reduction in 'Other Expenses,' which fell to ₹1.49 crore from ₹2.75 crore in the previous quarter. The board also confirmed a dividend of ₹0.20 per share for FY26, pending shareholder approval at the upcoming AGM on September 28, 2026.

Net Profit for Q1 FY27 stood at ₹1.33 crore compared to ₹1.26 crore in the same quarter last year.
Revenue from operations fell to ₹17.64 crore, down from ₹19.42 crore in Q1 FY26.
Total expenses decreased to ₹16.23 crore from ₹18.19 crore YoY, helping sustain margins.
Proposed dividend of ₹0.20 per share (10% of ₹2 face value) for the financial year ended March 2026.
The company operates in a single primary segment: Welding Electrodes and CCMS Wire.

💡 Investors should monitor if the company can reverse the revenue decline in the coming quarters. The sustainability of the current profit margins is key, as the recent boost came from reduced operating expenses rather than sales growth.

Rasi Electrodes Board Meeting on Aug 14 to Approve Q1 Results and Dividend Details

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 03 Aug 2026, 02:17 PM

Rasi Electrodes Ltd has scheduled a board meeting for August 14, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The board will also finalize the date for the 32nd Annual General Meeting (AGM), tentatively set for September 28, 2026. Additionally, the meeting will determine the book closure dates for a proposed dividend. The company is a debt-free micro-cap with a market capitalization of ₹38 Cr and TTM revenue of ₹72 Cr.

Board meeting scheduled for August 14, 2026, to approve Q1 FY27 financial results.
32nd Annual General Meeting (AGM) tentatively scheduled for September 28, 2026.
Proposed book closure from September 22 to September 28, 2026, for dividend eligibility.
Board to recommend the appointment of a Secretarial Auditor for a five-year term.

💡 Investors should monitor the August 14 results to assess if the operating profit margin (currently 5.0%) shows recovery and to confirm the proposed dividend amount.

Rs 3 Cr Land Sale Approved; Represents ~7.7% of Net Worth

🟢 POSITIVE ⭐ 6/10

OTHER 📅 16 Jul 2026, 01:12 PM

Rasi Electrodes Ltd has received board approval to sell 2.277 acres of vacant land in Tiruvallur District, Tamil Nadu, for a total consideration of Rs 300 lakhs (Rs 3 crore). The transaction involves an identified non-related party and follows prior shareholder approval via postal ballot. The sale value represents approximately 7.72% of the company's audited net worth of Rs 38.85 crore as of March 31, 2026. This move is a non-ordinary course transaction aimed at monetizing unencumbered landed property.

Sale of 227.7 cents (2.277 acres) of vacant land in Manjankaranai Village, Tamil Nadu.
Total consideration for the transaction is fixed at Rs 300 lakhs.
Transaction value accounts for 7.72% of the company's total net worth of Rs 3885.24 lakhs.
Shareholder consent already obtained under Section 180(1)(a) of the Companies Act, 2013.
The purchaser is an identified third party and not a related party to the company.

💡 Investors should monitor the final execution of the sale agreement and the subsequent deployment of the Rs 3 crore proceeds, specifically whether it is used for debt reduction or core business expansion.

Rs 3 Crore Land Sale Approved by Rasi Electrodes Board

🟢 POSITIVE ⭐ 6/10

OTHER 📅 16 Jul 2026, 01:08 PM

Rasi Electrodes has received Board approval to sell 2.277 acres of unencumbered land in Tiruvallur District, Tamilnadu, for a total consideration of Rs 300 lakhs (Rs 3 crore). The transaction involves an identified non-related party purchaser and follows prior shareholder consent obtained via Postal Ballot under Section 180(1)(a). This asset disposal provides a significant one-time cash inflow for the company, which has seen its stock price decline by 40.5% over the last 12 months.

Total land area to be sold is 227.7 cents (approximately 2.277 acres) across four survey numbers.
The sale consideration is fixed at Rs 300 lakhs (Rs 3 crore) to be realized as per agreed terms.
The purchaser is an identified third party and is not a related party to the company.
Shareholders previously accorded consent for this disposal through Postal Ballot and Electronic Voting.

💡 Monitor the execution of the definitive Agreement for Sale and subsequent disclosures regarding the specific utilization of the Rs 3 crore proceeds.

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