Raw Edge Industrial Solutions Ltd (541634)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Raw Edge's revenue was ₹10.8 Cr (+34.7% year on year, +2.1% on the previous quarter), and net profit ₹0.3 Cr (against a loss a year earlier); the operating margin was 6.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹10.8 | +34.7% | +2.1% |
| Operating profit | ₹0.7 | +9.3% | -4.7% |
| Net profit | ₹0.3 | from loss | +26.5% |
| EPS (₹) | 0.25 | from loss | +25.0% |
| Operating margin | 6.2% | — | — |
📢 Recent Corporate Announcements
Raw Edge Industrial Solutions reported a 34.7% YoY revenue increase to ₹10.83 Cr for Q1 FY27, maintaining the momentum from the previous quarter. The company turned profitable with a Net Profit of ₹25.31 Lakhs, compared to a loss of ₹27.43 Lakhs in the same period last year. However, this bottom-line turnaround was primarily driven by a deferred tax credit of ₹31.72 Lakhs, as the company actually recorded a Loss Before Tax of ₹6.41 Lakhs. Operational efficiency remains a concern with an interest coverage ratio still below 1.0.
- Revenue from operations grew 34.7% YoY to ₹10.83 Cr from ₹8.04 Cr.
- Net Profit turned positive at ₹25.31 Lakhs vs a loss of ₹27.43 Lakhs in Q1 FY26.
- Interest Service Coverage Ratio improved to 0.787 from 0.122 YoY, though it remains weak.
- Total expenses increased 30.5% YoY to ₹10.93 Cr, slightly exceeding total income before tax adjustments.
- Debt-Equity ratio stands at 0.817 as of June 30, 2026.
Raw Edge Industrial Solutions reported a turnaround in Q1 FY27 with a net profit of ₹0.25 crore, compared to a loss of ₹0.27 crore in Q1 FY26. Revenue from operations grew significantly by 34.7% YoY to ₹10.83 crore. However, the bottom line was supported by a deferred tax credit of ₹0.317 crore, as the company actually recorded a loss before tax of ₹0.064 crore. The company's interest service coverage ratio remains weak at 0.787, indicating tight liquidity relative to debt obligations.
- Revenue from operations increased 34.7% YoY to ₹10.83 crore from ₹8.04 crore.
- Reported a net profit of ₹0.25 crore, reversing a loss of ₹0.27 crore in the previous year's quarter.
- Profitability was driven by a deferred tax credit of ₹0.317 crore, offsetting a pre-tax loss of ₹0.064 crore.
- Finance costs stood at ₹0.30 crore, representing approximately 2.8% of quarterly revenue.
- Interest Service Coverage Ratio (ISCR) reported at 0.787, down from 1.808 in the preceding quarter.
Raw Edge Industrial Solutions has scheduled a board meeting for August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of just Rs 14 Cr and reported a marginal net loss of Rs 0.13 Cr for FY26. Investors will be monitoring if the revenue growth seen in the March 2026 quarter (Rs 10.61 Cr) continues into the new fiscal year. The company currently carries a debt of Rs 17 Cr, which is higher than its total market valuation.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
- Company reported TTM revenue of Rs 36 Cr against a market cap of Rs 14 Cr
- Promoter holding remains high and stable at 74.58% as of June 2026
- March 2026 quarter showed a revenue uptick to Rs 10.61 Cr compared to Rs 8.74 Cr in December 2025
Raw Edge Industrial Solutions reported a 20.1% decline in FY26 revenue to ₹35.79 Cr, down from ₹44.78 Cr in FY25. Despite the lower top-line, the company successfully narrowed its net loss to ₹0.13 Cr from a loss of ₹1.04 Cr in the previous year, driven by an improved Gross Profit margin of 21.70%. The company maintains a high debt level of ₹16.68 Cr relative to its ₹13 Cr market capitalization, though the Debt-Equity ratio improved slightly to 0.80x from 0.89x.
- Revenue from operations decreased by 20.1% year-on-year to ₹35.79 Cr in FY26.
- Net loss narrowed significantly to ₹0.13 Cr in FY26 compared to a loss of ₹1.04 Cr in FY25.
- Gross Profit Ratio improved to 21.70% from 17.05% due to a shift in customer mix.
- Total debt stands at ₹16.68 Cr, resulting in a Debt-Equity ratio of 0.80.
- E-voting for the upcoming AGM is scheduled from August 21 to August 23, 2026.
Raw Edge Industrial Solutions has scheduled its 22nd Annual General Meeting (AGM) for August 24, 2026. Key agenda items include the re-appointment of Managing Director Bimalkumar Rajkumar Bansal and the cancellation of the 2023 Employee Stock Option Plan (ESOP). Most notably, the company is seeking shareholder approval for material related party transactions (RPT) with promoters for amounts up to ₹25 crore each. These transactions involve unsecured loans at a 12% interest rate to support working capital and expansion, which is significant given the company's ₹13 crore market capitalization.
- AGM scheduled for August 24, 2026, to transact business including adoption of FY26 audited accounts.
- Proposed material related party transactions with Managing Director Bimalkumar Bansal for up to ₹25 crore.
- Proposed material related party transactions with Sourabh Bimalkumar Bansal for up to ₹25 crore.
- Cancellation of 'Employee Stock Option Plan 2023' effective July 30, 2026, subject to member approval.
- Interest rate for unsecured intergroup loan facilities set at 12% per annum.
Raw Edge Industrial Solutions is contesting a ₹10.61 crore penalty imposed by the Central GST & Central Excise authorities. After an initial appeal was rejected on October 29, 2025, the company filed a writ petition with the Gujarat High Court on February 27, 2026. The penalty is highly material, representing approximately 50.5% of the company's net worth (₹21 Cr) and 59% of its total market capitalization (₹18 Cr). The company admitted to a significant delay in reporting this development to the exchange, citing internal review processes.
- Penalty of ₹10,61,46,804 imposed by Additional Commissioner, Central GST & Central Excise, Surat
- Appellate Authority rejected the company's appeal and upheld the penalty on October 29, 2025
- Writ petition filed in the Gujarat High Court on February 27, 2026, to challenge the order
- Penalty amount represents ~50.5% of the company's reported net worth of ₹21 Cr
- Reporting of the High Court filing was delayed by nearly five months from the filing date
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
