🔍

RPTECH - Rashi Peripheral

📊 NSE: RPTECH 🏢 Trading 📅 Last Updated: 12/14/2025 11:39

📢 Recent Corporate Announcements

RPTECH Shareholders Approve Rajesh Goenka as CEO Despite High Institutional Dissent

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 25 Apr 2026, 06:52 PM

Rashi Peripherals (RPTECH) has announced the results of its postal ballot, confirming the appointment of Mr. Rajesh Goenka as Whole-Time Director and CEO. While the resolution passed with an overall majority of 86.99%, it faced significant opposition from public institutional investors, who voted 99.98% against the proposal. Simultaneously, Dr. Indumati Gopinathan was appointed as an Independent Director with near-unanimous approval of 99.99%. The voting process saw a total participation of 69.36% of the company's share capital.

Mr. Rajesh Goenka appointed as CEO and Whole-Time Director with 86.99% total votes in favour.
Public institutional investors cast 5,944,404 votes (99.98% of their category) against the CEO's appointment and remuneration.
Dr. Indumati Gopinathan confirmed as Independent Director with 99.99% shareholder approval.
Total voter turnout recorded at 69.36%, representing 45,705,121 shares out of 65,899,665 total shares.
Promoter group provided 100% support (39,640,697 votes) for both resolutions.

💡 Investors should monitor the company's governance and performance under the new CEO, specifically looking for reasons behind the nearly total institutional opposition to his appointment or remuneration package.

Rashi Peripherals to Invest ₹80 Cr in New Semiconductor Subsidiary and Acquire Promoter Entity

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 16 Apr 2026, 04:53 PM

Rashi Peripherals (RPTECH) has announced a strategic entry into the semiconductor sector by approving the incorporation of a Wholly Owned Subsidiary, Rashi Semiconductor Solutions Pvt. Ltd., with an investment of up to ₹80 crores. The company is also expanding its global footprint with a new step-down subsidiary in Singapore for strategic business alignment. Furthermore, the board approved the 100% acquisition of 'RP Tech Electronics Limited' from its promoters for ₹1 lakh, with plans to invest an additional ₹10 crores into this entity. These moves signal a significant diversification strategy into higher-value segments of the electronics ecosystem.

Approved investment of up to ₹80 crores in a new Indian subsidiary, Rashi Semiconductor Solutions Pvt. Ltd.
Incorporation of a step-down subsidiary in Singapore to facilitate international strategic business alignments.
Acquisition of 100% shareholding of RP Tech Electronics Limited from promoters for a nominal consideration of ₹1,00,000.
Additional investment of up to ₹10 crores approved for the acquired RP Tech Electronics entity via equity or loans.
Implementation of all approved strategic business alignments is scheduled to be completed within one year.

💡 Investors should view the entry into the semiconductor space as a long-term growth lever, though execution risks in a new vertical should be monitored. Watch for further details on the specific business model of the semiconductor unit and its impact on overall margins.

RPTECH to Invest ₹90 Cr in Semiconductor Expansion via New Indian and Singapore Subsidiaries

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 16 Apr 2026, 01:44 PM

Rashi Peripherals is diversifying into the semiconductor sector by incorporating a new Wholly Owned Subsidiary in India and a step-down subsidiary in Singapore. The board has approved a significant investment of up to ₹80 crores for the Indian entity, Rashi Semiconductor Solutions Pvt. Ltd. Additionally, the company is acquiring RP Tech Electronics Limited from its promoters for ₹1 lakh, with a further investment plan of up to ₹10 crores. This strategic move aims to align the company with the growing semiconductor ecosystem and is expected to be implemented within one year.

Approved investment of up to ₹80 crores in a new Indian subsidiary, Rashi Semiconductor Solutions Pvt. Ltd.
Expansion into international markets via a new step-down subsidiary in Singapore.
Acquisition of 100% of RP Tech Electronics Limited from promoters for a nominal consideration of ₹1 lakh.
Total capital allocation for these semiconductor-related strategic initiatives is capped at ₹90 crores.
The project implementation timeline is set for completion within the next 12 months.

💡 This is a significant strategic pivot into a high-growth sector; investors should view this as a long-term value driver but monitor the impact on cash flows and execution risks. Watch for specific product partnerships in the semiconductor space.

Rashi Peripherals Reports 100% Demat Holding for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Apr 2026, 06:42 PM

Rashi Peripherals Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no rematerialization requests were received during the quarter ended March 31, 2026. The filing notes that the regulation is technically not applicable as the entire shareholding of the company is already in dematerialized form. This is a standard administrative disclosure required for listed entities.

Quarterly compliance certificate submitted for the period ending March 31, 2026.
100% of the company's equity shares are held in dematerialized form.
Zero requests for rematerialization were received by the RTA during the quarter.
Confirmation provided by MUFG Intime India Private Limited (formerly Link Intime India).

💡 This is a routine regulatory filing confirming administrative compliance. No action is required as it does not impact the company's financial performance or business operations.

Rashi Peripherals to Close Trading Window from April 1, 2026 for Q4 FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 06:05 PM

Rashi Peripherals Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading Regulations. The closure is a precursor to the declaration of the audited standalone and consolidated financial results for the quarter and year ending March 31, 2026. The window will remain shut for all designated persons, directors, and promoters until 48 hours after the results are officially announced. This is a standard regulatory procedure for listed companies and does not indicate any fundamental change in the company.

Trading window closure effective from April 1, 2026.
Closure pertains to the Audited Standalone and Consolidated Financial Results for Q4 and FY26.
Restriction applies to Designated Persons, Directors, and Promoters of the company.
The window will reopen 48 hours after the financial results are declared to the exchanges.

💡 This is a routine regulatory filing with no impact on the company's valuation. Investors should focus on the upcoming financial results to assess the company's growth trajectory.

RPTECH Appoints Rajesh Goenka as CEO; Seeks Shareholder Approval via Postal Ballot

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 25 Mar 2026, 07:46 PM

Rashi Peripherals Limited (RPTECH) has issued a postal ballot notice to seek shareholder approval for two key leadership appointments. The company proposes appointing Mr. Rajesh Goenka as Whole-Time Director and CEO for a five-year term effective from February 3, 2026, to February 2, 2031. Additionally, Dr. Indumati Gopinathan is proposed as an Independent Director until the 2027 Annual General Meeting. The e-voting window for these special resolutions is open from March 26, 2026, to April 24, 2026.

Appointment of Mr. Rajesh Goenka as CEO and Whole-Time Director for a 5-year tenure starting Feb 3, 2026.
Proposed appointment of Dr. Indumati Gopinathan as an Independent Director until the 38th AGM in 2027.
E-voting period scheduled from March 26, 2026 (09:00 AM) to April 24, 2026 (05:00 PM).
Cut-off date for determining shareholder eligibility for voting is March 20, 2026.
Both appointments are being sought through Special Resolutions via the postal ballot process.

💡 Investors should monitor the voting results to ensure leadership stability and review the remuneration terms for the new CEO as detailed in the explanatory statement. No immediate action is required as these are standard governance procedures.

Rashi Peripherals Reports 20%+ Long-term CAGR; 9M-FY26 Revenue Reaches ₹1,13,380 Million

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 18 Mar 2026, 06:07 PM

Rashi Peripherals (RPTECH) has demonstrated consistent long-term performance with a 20%+ CAGR in both topline and bottomline over the last 20 years. For 9M-FY26, the company reported consolidated revenue of ₹1,13,380 million, with EBITDA margins improving to 2.88% from 2.18% in FY25. The company maintains a robust distribution network of 55 branches and 82 global brand partnerships, including high-growth names like NVIDIA and Lenovo. With a healthy net debt-to-equity ratio of 0.50x, RPTECH is well-positioned to capture the ongoing digital and AI-driven hardware adoption in India.

Achieved a 4-year revenue CAGR of 32.5% and PAT CAGR of 15.4% as of FY25.
9M-FY26 revenue stands at ₹1,13,380 million with EBITDA margins expanding to 2.88%.
Maintains a massive distribution footprint across 700+ locations with 10,000+ B2B partners.
Diversified revenue mix with Personal Computing & Enterprise Solutions (PES) contributing 58% of 9M-FY26 revenue.
Strong financial health with a Net Debt to Equity ratio of 0.50x and a CRISIL AA-/Stable rating.

💡 Investors should consider RPTECH as a scale-driven play on India's ICT infrastructure growth, particularly given its margin expansion and low leverage. Monitor the company's ability to maintain 20%+ growth rates as it scales further into Tier-2 and Tier-3 markets.

Rashi Peripherals to Attend 11th Annual Valorem Investor Conference on March 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 12:59 PM

Rashi Peripherals Limited (RPTECH) has announced its participation in the 11th Annual Valorem Conference scheduled for March 23, 2026, in Mumbai. The event, titled 'Resilient Corporates, Relentless India,' will feature management interactions with institutional investors and analysts starting at 9:00 AM. This engagement is part of the company's routine investor relations activities to provide updates on business trends. The company has explicitly stated that no unpublished price-sensitive information (UPSI) will be discussed during these interactions.

Participation in the 11th Annual Valorem Conference on March 23, 2026
Management to interact with institutional investors and analysts at Grand Hyatt, Mumbai
The event is scheduled to commence at 9:00 AM IST
Company confirms no unpublished price-sensitive information (UPSI) will be shared

💡 Investors should monitor for any investor presentations or transcripts released following the conference for insights into the company's growth strategy. No immediate action is required as this is a routine disclosure.

Rashi Peripherals Q3 FY26 PAT Surges 132% YoY to ₹75 Cr on Strong Revenue Growth

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Feb 2026, 02:53 PM

Rashi Peripherals reported a robust consolidated revenue growth of 43% YoY to ₹4,030 crores for Q3 FY26, driven by strong demand for personal computing and enterprise solutions. Net profit for the quarter jumped 132% to ₹75 crores, supported by improved margins and strategic inventory management amid global component price hikes. The company expanded its reach with its 55th branch in Solapur and saw a significant improvement in debtor days from 61 to 47. Management highlighted a multi-year technology upgrade cycle fueled by AI-ready devices and Windows 10 end-of-support transitions.

Consolidated Q3 revenue grew 43% YoY to ₹4,030 crores, while PAT surged 132% to ₹75 crores.
Debtor days improved significantly to 47 days from 61 days a year ago, reflecting tighter credit monitoring.
Personal Computing and Enterprise Solutions (PES) contributed 58% of total revenue at ₹6,572 crores for 9M FY26.
The company recognized a ₹4 crore impact due to the new Labour Code and ₹14 crores in ESOP costs for 9M FY26.
Component price hikes, particularly in RAM (2x-3x increase), contributed to higher average selling prices and revenue growth.

💡 Investors should monitor the company's ability to maintain margins as component prices fluctuate and the sustainability of the PC refresh cycle. The improvement in working capital management and expansion into AI-ready solutions are positive indicators for long-term growth.

Rashi Peripherals Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 04 Feb 2026, 06:07 PM

Rashi Peripherals Limited has officially released the audio recording of its Q3 FY 2025-26 earnings conference call held on February 4, 2026. The call covered the company's unaudited standalone and consolidated financial performance for the quarter and nine-month period ending December 31, 2025. This disclosure provides transparency, allowing investors to hear management's direct commentary on business operations and financial health. The recording is accessible via the company's investor relations website as per SEBI regulations.

Earnings conference call conducted on February 4, 2026, at 11:00 a.m. IST
Covers financial results for the quarter and nine months ended December 31, 2025
Audio recording made available to the public via a direct web link
Compliance maintained under Regulation 30(6) of SEBI (LODR) Regulations, 2015

💡 Investors should listen to the recording to gain insights into management's guidance on the ICT distribution sector and specific margin trends for the upcoming quarters.

RPTECH Q3 Consolidated PAT Surges 132% YoY to ₹746 Mn; Revenue Up 43%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 09:57 PM

Rashi Peripherals (RPTECH) reported a stellar Q3 FY26 with consolidated revenue rising 42.6% YoY to ₹40,304 million. Net profit (PAT) grew by 132.4% YoY to ₹746 million, marking the company's highest-ever quarterly profit. This growth was fueled by strong demand and partner stocking ahead of expected price hikes, leading to significant EBITDA margin expansion of 219 bps to 2.95%. For the nine-month period (9M-FY26), consolidated revenue stood at ₹113,380 million with a PAT of ₹1,955 million.

Consolidated Revenue for Q3-FY26 grew 42.6% YoY to ₹40,304 million, driven by strong partner demand.
Consolidated PAT witnessed a massive 132.4% YoY jump to ₹746 million, the highest quarterly profit ever.
EBITDA margins improved significantly by 219 bps YoY to 2.95% in Q3-FY26 due to economies of scale.
The company expanded its footprint by opening a new branch in Solapur, reaching a total of 55 branches and 70 warehouses.
Recognized a ₹41 million impact from new Labour Code regulations and ₹140 million in YTD ESOP costs.

💡 The record-high quarterly profits and significant margin expansion indicate strong operational leverage and market leadership. Investors should monitor if these elevated margins are sustainable beyond the current pre-stocking cycle.

RPTECH Q3-FY26 Results: Revenue Up 43%, Net Profit Surges 132% to Record High

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 09:54 PM

Rashi Peripherals (RPTECH) delivered a stellar Q3-FY26 performance, with revenue growing 42.6% YoY to INR 40,304 Mn, driven by strong partner stocking ahead of anticipated price hikes. The company reported its highest-ever quarterly Net Profit of INR 746 Mn, a 132.4% YoY increase, while EBITDA margins expanded significantly by 219 bps to 2.95%. Despite a one-time INR 41 Mn impact from new Labour Code regulations and INR 140 Mn in YTD ESOP costs, the company maintained strong operational efficiency. Management successfully leveraged global component shortages and dollar appreciation to drive both volume and value growth.

Q3 Revenue grew 42.6% YoY to INR 40,304 Mn, marking the highest-ever third-quarter sales for the company.
EBITDA surged by 453% YoY to INR 1,189 Mn, with margins expanding 219 bps to 2.95% due to economies of scale.
Net Profit reached a record high of INR 746 Mn, representing a massive 132.4% YoY growth.
Recognized a one-time INR 41 Mn impact arising from increased gratuity and leave liabilities due to new Government Labour Codes.
9M-FY26 performance shows steady growth with Revenue at INR 113,380 Mn and PAT at INR 1,955 Mn.

💡 Investors should take note of the significant margin expansion and record profitability, though they should monitor if the 'pre-stocking' demand in Q3 impacts sales in the following quarter. The company's ability to navigate global supply chain volatility makes it a strong contender in the IT distribution space.

RPTECH Reports Nil Deviation in Utilization of ₹600 Cr IPO Proceeds for Q3 FY26

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 03 Feb 2026, 09:38 PM

Rashi Peripherals Limited has confirmed zero deviation in the utilization of funds raised through its ₹600 crore IPO for the quarter ended December 31, 2025. The company has fully utilized ₹326 crore for debt repayment and ₹220 crore for working capital requirements as per the original objects. A small balance of ₹1.61 crore remains under General Corporate Purposes (GCP), with the utilization timeline extended to FY2026. The Audit Committee and CARE Ratings have reviewed and verified these fund movements.

Confirmed NIL deviation in the utilization of ₹600 crore raised via IPO in February 2024.
₹326 crore fully utilized for prepayment or scheduled repayment of outstanding borrowings.
₹220 crore fully deployed towards meeting the company's working capital requirements.
₹6.53 crore spent on General Corporate Purposes (GCP) out of the allocated ₹8.14 crore.
Remaining ₹1.61 crore GCP balance to be utilized by the end of FY2026 following a board-approved timeline extension.

💡 Investors can take comfort in the company's disciplined use of IPO proceeds and transparent reporting. No immediate action is required as the fund deployment aligns with the prospectus and regulatory standards.

RPTECH Q3 PAT Surges 128% YoY to ₹70.3 Cr; Appoints Rajesh Goenka as CEO

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 09:21 PM

Rashi Peripherals (RPTECH) delivered a robust performance for Q3 FY26, with standalone Revenue from Operations growing 43.5% YoY to ₹3,804.5 crore. Net Profit (PAT) saw a massive jump of 128% YoY, reaching ₹70.28 crore compared to ₹30.83 crore in the same quarter last year. The company also announced strategic leadership changes, appointing Rajesh Goenka as the new CEO for a 5-year term. Furthermore, RPTECH is expanding its global footprint by forming a new step-down subsidiary in the UAE.

Standalone Revenue from Operations rose 43.5% YoY to ₹38,044.96 million in Q3 FY26.
Net Profit (PAT) surged 128% YoY to ₹702.80 million, with Basic EPS rising to ₹10.66 from ₹4.68.
Profit Before Tax (PBT) for the nine-month period reached ₹2,476.96 million, up from ₹1,949.99 million YoY.
Rajesh Goenka appointed as CEO and Whole-Time Director for a 5-year term effective February 3, 2026.
Approved the formation of a 100% step-down subsidiary in the UAE to drive international growth.

💡 The strong earnings growth and leadership clarity are significant positives for the stock. Investors should maintain a positive outlook while monitoring the execution of the new UAE subsidiary and the sustainability of margin improvements.

Rashi Peripherals to Expand in UAE via New Step-down Subsidiary with $500,000 Investment

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 03 Feb 2026, 09:03 PM

Rashi Peripherals Limited has announced the formation of a 100% step-down subsidiary in Dubai, UAE, through its Singapore-based subsidiary, Rashi Peripherals Pte. Ltd. The new entity, proposed as Rashi Peripherals LLC, will focus on the distribution of Information and Communication Technology (ICT) products. The company has approved an investment of up to US $500,000 for this venture, with an initial paid-up capital of AED 100,000. This move marks a strategic geographic expansion into the Middle Eastern market.

Formation of a 100% step-down subsidiary in Dubai, UAE, approved by the Board.
Total investment by the subsidiary company capped at US $5,00,000.
Initial authorized and paid-up share capital set at UAE Dirham 1,00,000.
The entity will operate in the Information and Communication Technology (ICT) distribution sector.
The new company will be a wholly-owned subsidiary of Rashi Peripherals Pte. Ltd. (Singapore).

💡 Investors should view this as a positive step towards international diversification, though the initial investment is relatively small. Monitor future earnings reports for the revenue contribution and margin profile of the new UAE operations.

View All RPTECH Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The core business is expected to grow at 15% YoY. Personal-computing devices, peripherals, and components are the dominant segments, contributing 85% to 90% of total sales. Total operating income reached INR 13,833.37 Cr in FY25, representing a 28.9% growth compared to INR 10,731 Cr in FY24.

Geographic Revenue Split

The company operates primarily in India with a significant international presence through its Singapore-based subsidiary, Rashi Peripherals Pte. Ltd (RPTE). While specific percentage splits per region are not disclosed, the Singapore entity is a key distributor of ICT products for the group.

Profitability Margins

Operating margins have historically ranged between 2.6% and 2.7%. In FY24, the operating margin was 2.64%, which slightly dipped to 2.37% in H1FY25. The company targets a long-term PAT margin of 1.5%, having delivered 1.24% (INR 133 Cr) in FY24 and 1.33% (INR 123.07 Cr) in FY23.

EBITDA Margin

Operating profitability improved to 3.5% in Q1FY26. The company expects to sustain operating margins between 2.8% and 2.9% over the medium term by optimizing operational efficiencies and managing product mix.

Capital Expenditure

The company has no major debt-funded capital expenditure or acquisitions planned over the medium term. It maintains a nil term debt obligation, with cash accruals expected to exceed INR 200 Cr per annum to cushion liquidity.

Credit Rating & Borrowing

CRISIL Ratings maintains a Stable/Positive outlook. Finance costs were reduced by 27.6% to INR 77.54 Cr in FY25 from INR 107.14 Cr in FY24. Interest coverage was healthy at 2.65 times in FY24 and improved to 5.92 times by September 2024.

⚙️ Operational Drivers

Raw Materials

As a distributor, the 'raw materials' are finished ICT products including personal computers, notebooks, mobile phones, wearables, IT consumables, storage products, and networking gear.

Import Sources

Products are sourced globally from principals, with the Singapore subsidiary (RPTE) acting as a key hub for international procurement and distribution.

Key Suppliers

The company is highly dependent on five major principals: Lenovo, Asus, Hewlett-Packard (HP), SanDisk, and Western Digital.

Capacity Expansion

Not applicable as the company follows a distribution and service-led model rather than a manufacturing model.

Raw Material Costs

Cost of goods sold is the primary expense. Inventory levels increased by INR 175.11 Cr in FY25 to support the 28.9% revenue growth.

Manufacturing Efficiency

Efficiency is driven by working capital management; bank limit utilization was moderate at 63.46% for the 12 months through July 2025.

Logistics & Distribution

Distribution is managed through a diversified geographical footprint; costs are controlled through resource optimization and bulk purchase discounts from vendors.

📈 Strategic Growth

Expected Growth Rate

15%

Growth Strategy

Growth is targeted through adding new vendors (recently Samsung and LG), expanding the product basket into wearables and mobile phones, and bidding for large-scale projects like the Yotta deal. The company is also developing a software services division, currently in the startup phase.

Products & Services

Laptops, desktops, smartphones, wearables, printers, networking products, storage devices, UPS, and inverters.

Brand Portfolio

Lenovo, Asus, HP, SanDisk, Western Digital, Samsung, and LG.

New Products/Services

Recent addition of Samsung and LG brands; revenue from these new brands is on an increasing trend. A new software division is currently at the design board stage.

Market Expansion

Expansion is focused on deepening the domestic IT hardware distribution footprint and leveraging the Singapore subsidiary for broader ICT product reach.

Market Share & Ranking

Established market position in the Indian IT hardware distribution business, which is characterized as oligopolistic.

Strategic Alliances

Maintains long-standing distributorship and after-sales service relationships with global IT principals.

🌍 External Factors

Industry Trends

The IT distribution industry is growing due to healthy demand for technology products, though it remains a low-margin, high-volume business with intense competition.

Competitive Landscape

Faces stiff competition from larger established players and newer, less-established brands that provide price competition.

Competitive Moat

Moat is sustained by long-term relationships with top-tier global brands and a robust risk management framework (price protection and forex hedging) that is difficult for smaller players to replicate.

Macro Economic Sensitivity

Sensitive to global IT spending cycles and demand for personal computing hardware.

Consumer Behavior

Increasing consumer demand for mobile phones, wearables, and updated personal computing devices drives volume growth.

Geopolitical Risks

Susceptible to global supply chain disruptions and trade policies affecting the import of ICT components from international principals.

⚖️ Regulatory & Governance

Industry Regulations

Complies with the Companies Act, 2013 and standard internal financial controls; auditors confirmed effective operation of controls as of March 31, 2025.

Taxation Policy Impact

The company paid net income taxes of INR 36.80 Cr in FY25, compared to INR 49.67 Cr in FY24.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the performance and market share of the top 5 principals, which account for over 70% of sales. A decline in their market position would directly impact the company.