Royal Arc Electrodes Peer Comparison

NSE: ROYALARC

₹158.00

₹9.00 (6.04%)

As on 09-Oct-2026IST

Market cap

₹175 Cr

Revenue (TTM)

₹116 Cr

P/E Ratio

17.5

P/B Ratio

2.2

Div. Yield

0.6 %

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	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Market cap (₹ Cr)	175	15,751	7,707	376	189
Revenue (₹ Cr)	116	3,029	2,640	115	50
Net Profit (₹ Cr)	10.05	209.00	229.20	12.20	19.20
Net Margin (%)	8.51	6.22	7.63	9.89	30.55
RoE (%)	13.13	3.72	7.51	9.51	10.71
Price to Earnings	17.46	73.95	21.48	30.83	9.84
Price-To-Book	2.16	2.61	1.58	2.77	0.98

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Operating Revenue	116.06	2,851.72	2,568.50	121.62	54.74
Total Income	118.00	3,025.75	2,709.49	128.98	67.49
Total Expenditure	100.62	2,650.77	2,170.19	114.88	36.58
EBITDA	15.44	200.95	398.31	6.74	18.17
Depreciation	3.52	95.13	213.21	2.04	0.71
EBIT	11.91	105.82	185.10	4.70	17.46
Interest	0.24	25.07	37.21	0.06	0.02
Other Income	1.94	174.03	140.98	7.35	12.75
Exceptional Items	--	-10.64	--	--	--
Profit before Tax	13.62	244.14	404.38	12.00	30.19
Provision for Tax	3.57	73.06	66.41	2.94	8.95
Profit after Tax	10.05	171.08	337.98	9.06	21.24

Liabilities (₹ Cr)

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Shareholder's Funds	81.27	5,859.05	4,757.92	129.34	187.68
Minority Interest	--	-2.91	--	--	--
Non-Current Liabilities	1.34	1,041.01	97.81	-3.74	0.44
Current Liabilities	8.63	3,335.65	1,310.02	30.06	5.44
Total Liabilities	91.23	10,232.80	6,165.76	159.80	193.56

Assets (₹ Cr)

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Non-Current Assets	32.58	3,489.82	3,272.40	34.68	34.65
Current Assets	58.65	6,742.67	2,893.35	120.98	158.91
Total Assets	91.23	10,232.80	6,165.76	159.80	193.56
Total Debt*	0.20	367.34	793.28	0.00	0.00
Net Current Assets	50.02	3,407.02	1,583.33	90.92	153.47
Contingent Liabilities	--	121.24	111.85	1.93	0.68

Cashflow (₹ Cr)

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Cash From Operating Activities	7.53	82.54	213.20	12.23	10.99
Cash Flow from Investing Activities	-10.92	-124.31	-320.26	-3.27	-5.92
Cash from Financing Activities	-1.42	-46.32	96.89	-0.05	-5.75
Net Cash Inflow / Outflow	-4.81	-88.09	-10.18	8.91	-0.67

Ratios

Profitability Ratios

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
ROCE (%)	17.99	4.39	8.34	9.67	16.80
ROE (%)	13.13	2.92	7.34	7.26	11.81
ROA (%)	11.68	1.69	5.72	6.15	11.45
EBIT Margin (%)	14.97	13.15	21.00	11.59	56.48
Net Margin (%)	8.51	5.65	12.47	7.02	31.47
Cash Profit Margin (%)	11.69	9.34	21.42	9.12	40.09

Growth Ratios

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Revenue Growth (%)	14.04	11.39	19.32	77.34	1.37
EBIT Growth (%)	10.69	-45.80	39.22	206.16	7.88
Net Profit Growth (%)	11.55	-62.66	184.96	434.90	1.97
EPS Growth (%)	11.55	-62.06	197.48	434.90	1.97
Book Value Growth (%)	13.22	-0.12	6.83	7.65	9.18

Valuation Ratios

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Price / Earnings	18.65	68.71	30.67	39.78	9.59
Price / Book Value	2.31	2.06	2.20	2.78	1.09
Dividend Yield (%)	0.59	1.14	0.63	0.59	2.83
EV/EBITDA	9.96	32.98	20.41	24.10	6.54
Market Cap (₹ Cr)	187.32	12,047.38	10,466.14	360.19	203.71

Solvency Ratios

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Debt to Equity	0.00	0.06	0.17	0.00	0.00
Short term debt to equity ratio	0.00	0.06	0.17	--	--
Current Ratio	6.80	2.02	2.21	4.02	29.20
Quick Ratio	5.27	1.67	1.34	3.00	28.51
Interest Coverage	58.17	10.74	11.87	202.34	1,255.18

Operating Efficiency Ratios

	Royal Arc Electrodes	Graphite India	HEG	De Nora India	Panasonic Carbon
Debtors to sales (%)	22.19	23.40	19.45	9.66	8.27
Asset Turnover	1.35	0.28	0.44	0.83	0.30
Receivable days	73.41	72.66	66.97	37.76	31.34
Inventory Days	43.19	151.94	169.39	93.28	24.09
Payable days	13.75	75.76	137.30	44.51	61.28
Cash Conversion Cycle	102.85	148.84	99.05	86.53	-5.84

Annual
Quarterly