On 6 Nov 2026, Revathi Equipment India was priced at ₹670.00, or 13.4× trailing earnings, against an industry P/E of 20.4×, and the shares are 24% below their 52-week high. It earns ROCE of 20% and ROE of 10%, and sales and net profit grew 9.0% and 1.1% a year over 3 years. Debt is 0.48× equity. It is a small-cap company with a market cap of ₹205 Cr, ranked 18th of 24 Farm & Heavy Construction Machinery companies by market cap; the shares fell 23% over the past year.
- ₹692.00
- ₹696.15
- ₹662.00
- ₹686.20
- 456
Health check
- ReturnsIn line
−23.1% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 13.4 vs industry 20.4.
- GrowthSlow
Sales +9.0%, profit +1.1% a year over 3 years.
- ProfitabilityStrong
ROCE 20.2% vs peer median 19.4%.
- Balance sheetStretched
Debt 0.48× equity, interest covered 2.8×, Piotroski 3 of 9.
- Red flags1 to check
Interest coverage of only 2.3×.
Small cap
High beta
Key metrics
- Market cap
- ₹205 Cr
- Small cap
- P/E
- 13.4
- Industry 20.4
- Price to book
- 1.46
- Peers 6.87
- Dividend yield
- 0.00%
- ROE
- 10.4%
- Peers 17.7%
- ROCE
- 20.2%
- Peers 19.4%
- Debt to equity
- 0.48
- Debt ₹68 Cr
- EPS (TTM)
- ₹49.90
- Face value ₹10
- OPM (TTM)
- 14.5%
- Net margin 10.2%
- Sales growth
- +34.9%
- Latest quarter vs a year ago
- Profit growth
- +257.9%
- Latest quarter vs a year ago
- Price to sales
- 1.36
- EV/EBITDA 9.4
Strengths and risks
Strengths
- Return on capital employed of 20.2%.
- Quarterly profit up 257.9% on a year ago.
- Quarterly sales up 34.9% on a year ago.
- P/E of 13.4 against an industry P/E of 20.4.
Risks to check
- Interest coverage of only 2.3×.
About Revathi Equipment India
Revathi Equipment India Limited engages in manufacturing and sales of drilling rigs and spares thereof for mining, drilling exploratory rigs, track drills for construction, and allied products in India and internationally. The company offers blast hole drills, including rotary and down the hole; and diesel/electric application for mining activities; and jackless drills for construction and mining applications, water well drills, hydro-fracturing units,…
- Headquarters
- Coimbatore
- Employees
- 222
- Sector
- Industrials
- ISIN
- INE0DAB01012
- Website
- revathi.in
Price range
- Avg volume (3M)
- 2.1K
- 1-year return
- minus 23.1%
- From 52-week high
- minus 23.9%
Peers · Farm & Heavy Construction Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASHOKLEYAshok Leyland | 172.09 | plus 1.10% | 1,01,083 | 29.1 | 12.2 | 14.5% | 21.5% | 3.45 | 10.6% | plus 21.2% |
| ESCORTSEscorts Kubota | 2,443.40 | minus 0.67% | 26,888 | 20.4 | 13.5 | 14.4% | 11.5% | 0.01 | 11.3% | minus 35.6% |
| ACEAction Construction Equipment | 1,167.70 | plus 3.55% | 13,900 | 31.8 | 25.5 | 28.5% | 15.6% | 0.00 | 15.0% | plus 2.8% |
| OLECTRAOlectra Greentech | 1,026.35 | minus 2.21% | 8,424 | 47.5 | 26.6 | 19.4% | 13.8% | 0.31 | 28.4% | minus 30.9% |
| AJAXENGGAjax Engineering | 556.65 | minus 1.24% | 6,369 | 28.1 | 20.0 | 21.4% | 12.5% | 0.00 | 22.2% | minus 5.8% |
| SWARAJENGSwaraj Engines | 3,495.30 | minus 1.97% | 4,247 | 20.0 | 15.2 | 52.8% | 12.6% | 0.01 | 12.2% | minus 9.6% |
| VSTTILLERSV.S.T Tillers Tractors | 3,941.70 | minus 2.48% | 3,411 | 31.4 | 16.5 | 12.4% | 13.3% | 0.00 | 7.2% | minus 33.8% |
| RVTHRevathi Equipment India | 670.00 | minus 2.36% | 205 | 13.4 | 9.3 | 20.2% | 9.7% | 0.48 | 9.0% | minus 23.1% |
| Median of 7 peers | – | −1.24% | 8,424 | 29.1 | 16.5 | 19.4% | 13.3% | 0.01 | 12.2% | −9.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22.3 | 22.8 | 32.2 | 65.6 | 30 | |
| 22.2 | 23.8 | 32.2 | 46.7 | 26.2 | |
| 0.1 | −0.9 | 0 | 18.9 | 3.8 | |
| 0.2% | −4.1% | 0.1% | 28.8% | 12.7% | |
| 4.1 | 4.5 | 3.3 | 1.5 | 2 | |
| 2.3 | 2.2 | 2.8 | 2 | 2.4 | |
| 0.8 | 1 | 1 | 0.9 | 0.9 | |
| – | – | – | −0.3 | – | |
| 1.1 | 0.3 | −0.5 | 17.3 | 2.6 | |
| 46.2% | −31.3% | −197.9% | 17.6% | 21.5% | |
| 0.6 | 0.4 | −1.4 | 14.3 | 2 | |
| 1.87 | 1.36 | -4.56 | 46.46 | 6.64 |
Profit & loss
- Sales CAGR 3Y
- +9.0%
- Profit CAGR 3Y
- +1.1%
- EPS CAGR 3Y
- +1.1%
- ROE
- 10.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 110 | 211 | 177 | 142 | |
| – | +92.5% | minus 16.0% | minus 19.9% | |
| 89.5 | 170 | 146 | 119 | |
| 20.2 | 40.9 | 31.4 | 23.4 | |
| 18.4% | 19.4% | 17.7% | 16.5% | |
| 4.5 | 3.4 | 5.7 | 4.6 | |
| 3.8 | 5.5 | 10.1 | 10.1 | |
| 1 | 1.2 | 1.6 | 3.6 | |
| −0.2 | 3.1 | 2.3 | 4.2 | |
| 19.6 | 40.7 | 27.7 | 18.4 | |
| 31.8% | 23.7% | 27.3% | 23.6% | |
| 13.4 | 31.1 | 20.2 | 13.8 | |
| – | +132.0% | minus 35.0% | minus 31.4% | |
| 43.62 | 101.24 | 65.79 | 45.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | – | 3.1 | 3.1 | |
| 75.6 | – | 123 | 137 | |
| 33.1 | 31 | 37.2 | 67.9 | |
| 51.8 | 101 | 74.9 | 59.3 | |
| 160 | 238 | 238 | 268 | |
| 6.2 | 13.8 | 36.7 | 44.5 | |
| 0.4 | 6 | – | 0.4 | |
| 11.3 | 2.5 | 2.5 | 2.8 | |
| 31.3 | 67.3 | 75.6 | 57.1 | |
| 111 | 149 | 124 | 163 | |
| 160 | 238 | 238 | 268 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6 | 44.2 | 27.9 | −29.4 | |
| 0.3 | −30.8 | −36.1 | 9.2 | |
| 0.8 | −7.6 | −3.8 | 20.8 | |
| 7.1 | 5.7 | −12 | 0.6 | |
| −1.6 | −11.3 | −24.4 | −13.2 | |
| 4.4 | 32.8 | 3.5 | −42.7 |
Shareholding pattern
- Promoters63.91%
- Public36.09%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 63.91% | 36.09% | 0.00 | |
| 30 Jun 2026 | 63.91% | 36.09% | 0.00 | |
| 31 Mar 2026 | 63.91% | 36.09% | 0.00 | |
| 31 Dec 2025 | 63.91% | 36.09% | 0.00 | |
| 30 Sep 2025 | 63.91% | 36.09% | – |
Major shareholders
Filings & events
News
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