Rasi Electrodes Limited (531233) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Rasi Electrodes Limited ₹18.77, price ₹13.18, upside +42.4%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 25, 2026.
How to read this chart
60‑month range ₹5.31 – ₹42.73 · fair‑value band ₹14.26 – ₹24.00 · the ₹13.18 price screens below the ₹18.77 fair value. Dashed = 300-day average. As of Sep 25, 2026.
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Rasi Electrodes Limited manufactures and markets arc welding electrodes and copper coated mild steel wires for use in engineering and fabrication industries in India.
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Rasi Electrodes Limited manufactures and markets arc welding electrodes and copper coated mild steel wires for use in engineering and fabrication industries in India. It offers cast iron, cutting and couging, general purpose mild steel welding, hard surfacing welding, low hydrogen and creep resistance, non-ferrous, pipe welding, tungsten, and stainless steel welding electrodes. The company also provides low heat input welding alloys for cast iron, copper and non-ferrous alloys, cutting and gouging, dissimilar steels, nickel and nickel alloys, stainless steels, hard facing and wear resistance, and steel. In addition, it offers copper coated mild steel, low alloy high tensile, stainless steel, and zero-copper mild steel welding wires; aluminium and brazing filler, mild steel and low alloy, and stainless steel filler wires; and sub arc welding wires and welding flux. Further, the company provides angle grinders and cutting machines, as well as tungsten rods; arc and MIG welding, plasma cutting, and TIG welding machines; and carbon steel, stainless still, and hard facing flux cored wires, low alloy high tensile, and metal cored wires. It markets and sells its products under the RASI brand for public sector undertakings, larger private sector engineering conglomerates, and other original equipment manufacturers. Rasi Electrodes Limited was founded in 1994 and is based in Chennai, India.
Stock analysis
Rasi Electrodes Limited (531233) currently trades at ₹13.18, while our model-based Fair Value estimate is ₹18.77, implying the stock looks roughly 29.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹20.95 per share, and 17 of the 26 models we run sit above the ₹13.18 price.
Bear case: the Earnings-Based group reads lowest at ₹6.30, and 9 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹14.26 (bear) to ₹24.00 (bull), the price of ₹13.18 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrial Goods sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Rasi Electrodes Limited reported revenue of ₹720M in FY2026 versus ₹684M in FY2022, a compound +1.3%/yr. Reported net income was ₹35.2M in FY2026, compounding +14.5%/yr from FY2022.
Key figures
Market cap ₹85.0M (≈ $883K) · P/E ratio 41.2 · P/S ratio 2.01 · EPS (TTM) ₹0.0230 · Dividend yield 0.8% · Net margin 4.9% · Return on equity 0.3% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrial Goods peers we cover trades at −11% fair-value upside, at 42%, 531233 screens cheaper than that median.
Fair Value models
Bear ₹14.26Fair Value ₹18.77Bull ₹24.00
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
Start year 2020 (pandemic). Over 10 years: +13.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+21.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.0%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.0% vs 14.3%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 4%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −12.5% a year for the price.
Compare Rasi Electrodes Limited with another stock
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Machine Tools & Accessories” was too small, so the broader sector is used.)Industrials · 5313 stocks
Beats the sector median on 2/9 measures
Overall it trails its sector peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+39.2% · Top 25%
Profitability
Return on equity (TTM)0.3% · Bottom 25%
Return on assets−0.7% · Bottom 25%
Net margin (TTM)0.2% · Bottom 25%
Operating margin (TTM)−0.9% · Bottom 25%
Growth and dividend
Revenue growth−21.1% · Bottom 25%
Dividend yield (TTM)0.8% · Below median
Valuation Multiplesvs Industrials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Rasi Electrodes Limited (531233) overvalued or undervalued?
As of Sep 25, 2026, our model estimates a fair value of ₹18.77 versus a price of ₹13.18, about +42% upside (undervalued).
What is the fair value of 531233?
Our model-based fair value for Rasi Electrodes Limited is ₹18.77 (as of Sep 25, 2026), built from audited fundamentals. The current price: ₹13.18.
What is the quality score of 531233?
Rasi Electrodes Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Rasi Electrodes Limited (531233)?
Our model-based price target is the fair value of ₹18.77 (as of Sep 25, 2026) from 26 valuation models. Cautious scenario ₹14.26, optimistic scenario ₹24.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Rasi Electrodes Limited stock forecast for 2026?
Our models put fair value at ₹18.77, about +42% upside versus a price of ₹13.18 (undervalued). Cautious scenario ₹14.26, optimistic scenario ₹24.00. The calculation is refreshed regularly with new filings.
What is the revenue of Rasi Electrodes Limited (531233)?
Rasi Electrodes Limited reported trailing-twelve-month revenue of about ₹341M (latest available figure, as of Sep 25, 2026).
Does Rasi Electrodes Limited pay a dividend?
Rasi Electrodes Limited currently shows a dividend yield of about 0.76% relative to its recent price (as of Sep 25, 2026).
What growth is priced into Rasi Electrodes Limited (531233)?
For today's price to be fair in a discounted-cash-flow model, Rasi Electrodes Limited would have to grow free cash flow by -8.9 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Sep 25, 2026.
What discount rate (WACC) does the fair value of 531233 use?
Our models discount Rasi Electrodes Limited at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Rasi Electrodes Limited that is -8.9 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Rasi Electrodes Limited (531233) delivered so far?
Over the past 5 years revenue at Rasi Electrodes Limited grew +12.8 % a year. The price currently implies -8.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of Rasi Electrodes Limited (531233)?
The free-cash-flow yield on the price is 14.72 %: that much free cash flow Rasi Electrodes Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Rasi Electrodes Limited (531233)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rasi Electrodes Limited it is ₹18.77 per share (as of Sep 25, 2026), against a price of ₹13.18. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Rasi Electrodes Limited stock overvalued or undervalued in 2026?
As of Sep 25, 2026, 531233 trades below its calculated fair value: price ₹13.18, fair value ₹18.77, a gap of about +42% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 531233?
No. The price is what the market pays today (₹13.18); the fair value is what the company's own numbers justify (₹18.77). For Rasi Electrodes Limited the two are ₹5.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Rasi Electrodes Limited worth?
The market values Rasi Electrodes Limited at about ₹85.0M (market capitalisation, as of Sep 25, 2026). Per share that is ₹13.18; our models calculate a fair value of ₹18.77 per share.
What do the bullish and bearish scenarios say about 531233?
Our models span a range for Rasi Electrodes Limited: cautious scenario ₹14.26, base ₹18.77, optimistic ₹24.00 per share (as of Sep 25, 2026, price ₹13.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 531233?
Rasi Electrodes Limited trades at a price-to-earnings ratio of 41.2 (as of Sep 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹18.77 is built from several models across several years.
How solid is the balance sheet of Rasi Electrodes Limited (531233)?
Balance-sheet figures for Rasi Electrodes Limited (as of Sep 25, 2026): return on equity 0.3%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 531233 from its 52-week high?
Rasi Electrodes Limited trades at ₹13.18, about 31% below its 52-week high of ₹19.09 and 34% above the low of ₹9.87 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹18.77 is for.
Which stocks are comparable to Rasi Electrodes Limited?
From the same area (Industrial Goods) we also value FRONTSP, FLUIDOM, DHPIND, Hittco Tools Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Rasi Electrodes Limited stock attractive at the current price?
The data as of Sep 25, 2026: price ₹13.18, calculated fair value ₹18.77 (+42%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 531233 calculated?
We run Rasi Electrodes Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹18.77, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Rasi Electrodes Limited currently trades 30 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Rasi Electrodes Limited (531233)?
The closing price on Oct 1, 2026 was ₹13.18. Our model-based fair value is ₹18.77, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rasi Electrodes Limited right now?
The price is below even our cautious bear case (₹14.26). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Rasi Electrodes Limited
How large is the market capitalisation of Rasi Electrodes Limited (531233)?
The market capitalisation of Rasi Electrodes Limited is ₹85.0M (≈ $883K). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Rasi Electrodes Limited (531233)?
The price-to-sales ratio of Rasi Electrodes Limited is 2.01 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Rasi Electrodes Limited (531233)?
Earnings per share at Rasi Electrodes Limited are ₹0.0230 (price ÷ EPS = P/E 41.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Rasi Electrodes Limited (531233)?
The dividend yield of Rasi Electrodes Limited is 0.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Rasi Electrodes Limited (531233)?
The net margin of Rasi Electrodes Limited is 4.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Rasi Electrodes Limited (531233)?
The return on equity (ROE) of Rasi Electrodes Limited is 0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Rasi Electrodes Limited (531233)?
On an EBIT basis the return on assets of Rasi Electrodes Limited is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Rasi Electrodes Limited (531233)?
The operating margin of Rasi Electrodes Limited is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rasi Electrodes Limited (531233)?
Revenue at Rasi Electrodes Limited is growing −21.1% versus a year earlier (3y avg −6.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Rasi Electrodes Limited (531233)?
Earnings per share at Rasi Electrodes Limited are growing −22.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Rasi Electrodes Limited (531233) carry?
The net debt of Rasi Electrodes Limited is ₹31.3M (fiscal year 2023, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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