As of 6 Nov 2026, RACL Geartech trades at 33.7× trailing earnings, above the industry P/E of 25.6×, and the shares are 25% below their 52-week high. Sales and net profit grew 11% and 9.4% a year over 3 years, with ROCE of 23% and ROE of 17%. Debt is 0.67× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹1,706 Cr, ranked 63rd of 140 Auto Parts companies by market cap; the shares rose 31% over the past year.
- ₹1,409.00
- ₹1,455.00
- ₹1,383.20
- ₹1,424.80
- 21.1K
Health check
- ReturnsIn line
+31.5% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 33.7 vs industry 25.6.
- GrowthSlow
Sales +10.5%, profit +9.4% a year over 3 years.
- ProfitabilityStrong
ROCE 23.0% vs peer median 15.6%.
- Balance sheetFair
Debt 0.67× equity, interest covered 2.8×, Piotroski 6 of 9.
- Red flags1 to check
Interest coverage of only 2.8×.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,706 Cr
- Small cap
- P/E
- 33.7
- Industry 25.6
- Price to book
- 4.77
- Peers 8.75
- Dividend yield
- 0.21%
- ROE
- 16.9%
- Peers 12.3%
- ROCE
- 23.0%
- Peers 15.6%
- Debt to equity
- 0.67
- Debt ₹236 Cr
- EPS (TTM)
- ₹42.81
- Face value ₹10
- OPM (TTM)
- 22.2%
- Net margin 9.5%
- Sales growth
- +31.5%
- Latest quarter vs a year ago
- Profit growth
- +7.7%
- Latest quarter vs a year ago
- Price to sales
- 3.27
- EV/EBITDA 16.1
Strengths and risks
Strengths
- Return on capital employed of 23.0%.
- Quarterly sales up 31.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Interest coverage of only 2.8×.
About RACL Geartech
RACL Geartech Limited manufactures and sells automotive components. The company offers pin gear T49; actuator shaft; assy diff, bevel gear FRT; balancer, clutch, output, and input shaft assembly; bearing fixed pin; counter balancer gear and shaft; driven pulley shaft; gear timing drive LH, EGR rear; gear wheel with spiral; journal; primary gear; rider foot peg comp RH; tab Ay driving gear timing drive RH; torque limiter assembly; and wheel gear with I.P.…
- Headquarters
- Noida
- Employees
- 771
- Sector
- Consumer Cyclical
- ISIN
- INE704B01017
- Website
- raclgeartech.com
Price range
- Avg volume (3M)
- 65.9K
- 1-year return
- plus 31.5%
- From 52-week high
- minus 25.1%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| RACLGEARRACL Geartech | 1,444.40 | plus 1.38% | 1,706 | 33.7 | 4.77 | 23.0% | 16.9% | 22.2% | 10.5% | 9.4% | 0.21% | plus 31.5% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 101 | 120 | 137 | 132 | 132 | |
| 81.4 | 96.9 | 106 | 102 | 100 | |
| 19.2 | 23.4 | 31.3 | 29.3 | 31.9 | |
| 19.1% | 19.4% | 22.8% | 22.2% | 24.1% | |
| 8.1 | 6.5 | 3.9 | 4.8 | 0.3 | |
| 8 | 5.5 | 5.3 | 8.5 | 6.2 | |
| 8.1 | 8.3 | 8.5 | 8.7 | 9.2 | |
| 11.3 | 16.2 | 21.4 | 16.9 | 16.8 | |
| 26.7% | 25.6% | 23.8% | 27.0% | 47.1% | |
| 8.3 | 12.1 | 16.3 | 12.4 | 8.9 | |
| 7.01 | 10.48 | 14.17 | 10.61 | 7.55 |
Profit & loss
- Sales CAGR 3Y
- +10.5%
- Profit CAGR 3Y
- +9.4%
- EPS CAGR 3Y
- +6.6%
- ROE
- 16.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 338 | 410 | 382 | 457 | |
| – | +21.0% | minus 6.8% | +19.7% | |
| 255 | 314 | 295 | 350 | |
| 82.9 | 95.9 | 86.4 | 107 | |
| 24.5% | 23.4% | 22.6% | 23.4% | |
| 2.7 | 5.7 | 14 | 30 | |
| 14.3 | 23.6 | 37.1 | 37.5 | |
| 18.7 | 24.6 | 29.9 | 33.5 | |
| −1.1 | – | −0.5 | −0.1 | |
| 51.4 | 53.4 | 32.8 | 65.7 | |
| 27.2% | 26.3% | 27.5% | 25.5% | |
| 37.4 | 39.4 | 23.8 | 49 | |
| – | +5.3% | minus 39.7% | +105.9% | |
| 34.72 | 36.54 | 22.05 | 42.04 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.8 | 11.2 | 11.2 | 12.2 | |
| 157 | 194 | 215 | 340 | |
| 203 | 289 | 317 | 236 | |
| 73.4 | 86.2 | 93.5 | 113 | |
| 444 | 580 | 637 | 701 | |
| 244 | 313 | 329 | 348 | |
| 17.7 | 9.1 | 7.2 | 6.6 | |
| 1.6 | – | 1.4 | 1.4 | |
| 2.6 | 0.5 | 2.3 | 13.7 | |
| 178 | 257 | 297 | 331 | |
| 444 | 580 | 637 | 701 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 60 | 35.3 | 56.3 | 91.9 | |
| −75.8 | −92.6 | −46 | −52.6 | |
| 17.7 | 56.1 | −9.7 | −33.5 | |
| 2 | −1.2 | 0.6 | 5.8 | |
| −77.8 | −95.8 | −47.8 | −53.1 | |
| −17.8 | −60.5 | 8.5 | 38.7 | |
| −1.1 | −1.6 | −1.6 | −1.8 |
Shareholding pattern
- Promoters42.70%
- Public57.30%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 42.70% | 57.30% | 0.00 | |
| 30 Jun 2026 | 42.70% | 57.30% | plus 0.01 | |
| 31 Mar 2026 | 42.69% | 57.31% | plus 0.01 | |
| 31 Dec 2025 | 42.68% | 57.32% | 0.00 | |
| 30 Sep 2025 | 42.68% | 57.32% | – |
Major shareholders
Filings & events
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