Annual report
Annual Report 2026
Source: Nse
Royal Arc Electrodes Ltd. (ROYALARC)
SME CapIndustrials stocks · SME cap · NSE
Royal Arc Electrodes Ltd. operates in Welding Electrodes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result20 May, 10:55 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
53NeutralSMA20 -3.9% / mo · MACD +
Stock trend: 55
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ROYALARCD candles · FIT view+5.4%Latest close ₹164.50 on 2026-10-16
Bar
-0.3%
RSI
54
MACD hist
0.06
52W pos
54%
2026-10-16O ₹165.00H ₹166.00L ₹164.50C ₹164.50Vol 19,200 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ROYALARCNifty India ManufacturingNifty 500
- ROYALARC
- +9.7%
- Nifty 500
- -4.2%
- Nifty India Manufacturing
- -4.9%
- Vs Nifty 500
- +13.8 pp
Chart stats
16 Oct 2026- From 52W high
- -16.5%
- 52W range position
- 54%
- ATR (14)
- 4.5%
- Volume vs 20D
- 4.05x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹147.1 - ₹182
₹197
₹126.5 - ₹197
₹7.4
Latest completed session
20-session average
78.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE50
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral53
Price trend and sector-relative-strength timing.
Valuation
Legacy model+53.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹63 Cr | NDF | +18.9% |
| EBITDA | ₹9 Cr | NDF | +28.6% |
| Operating margin | 14.0% | NDF | +100 bps |
| PAT | ₹6 Cr | NDF | +50.0% |
| PAT margin | 9.5% | NDF | +197 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.20
- P/B
- 2.24
- EV/EBITDA
- 9.63
- Market Cap
- 183.00Cr
Profitability
- ROE
- 13.10%
- ROCE
- 18.00%
- ROA
- 10.99%
- Dividend Y
- 0.66%
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 43.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 1.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- —
- Altman Z
- 9.22
- Book Value
- 73.20
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- 8.00 Cr
- EPS TTM
- 9.05
Shareholding
- Promoter Hold
- 72.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 54%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 116+13.7% vs prev
Net Profit
₹ CrLatest: 10.0+11.1% vs prev
Return on Equity
%Latest: 12.3-1.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 54. Wait for confirmation.
- SMA20 falling (~4.1% over last month) — short-term momentum negative.
- RSI(14) at 54 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 16% off 52W high · 30% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
69
RS percentile
Stage 1 Base / Transition
1M return
-9.1%
3M return
+4.2%
6M return
+6.1%
1Y return
-
RS 1D
+13
RS 20D
+1
Sector rank
#2
Industry rank
#24
Stage evidence
- Price is within 4.1% of the 30-week proxy.
- The 30-week proxy changed +0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price above
200-DMA
price above
Sector
leading
Industry
improving
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
143 observations
16 Oct 2026Value 98.86+5.70%
RS vs Nifty 50099
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · FAIR VALUEValuation16/30
Growth20/25
Quality3/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
-8
Raw sum
50
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
50/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 53.7%.
- Growth contributes 20/25 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Quality is weaker at 3/20; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
18.2
PB
2.2
EV/EBITDA
9.6
ROE
13.1%
ROCE
18.0%
FCF Yield
—
Debt/Equity
0.0
MoS
+53.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
50
Previous: 50
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+53.7%
Previous: +53.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
50
50
50
50
50
50
50
50
50
50
50
50
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹122.09
-34.7% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹355.67
+53.7% MoS
PEG
0.69
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CLASSICEIL
SME
Classic Electrodes (India) Ltd.
Industrial Products
match 82
81
7.1
17.9%
+82%
DEEP VALUE
RAJINDLTD
SME
Rajputana Industries Ltd.
Industrial Products
match 58
62
10.3
17.3%
+74%
UNDERVALUED
BHADORA
SME
Bhadora Industries Ltd.
Industrial Products
match 57
52
27.6
18.8%
+32%
FAIR VALUE
PSFL
SME
Paramount Speciality Forgings Ltd.
Industrial Products
match 55
47
14.8
7.8%
+63%
FAIR VALUE
SRIVASAVI
SME
Srivasavi Adhesive Tapes Ltd.
Industrial Products
match 55
13
19.7
12.8%
-560%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Royal Arc Electrodes Ltd. operates in Welding Electrodes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 64th percentile within Industrials. Main check: financial discipline is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Industrials: 64th pctile, median 68 · SME: 85th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
63
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 73%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸ROCE trend is -10%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Royal Arc Electrodes Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.