Raghav Productivity Enhancers Limited reported a 48% increase in profit after tax (PAT) to ₹55 crore for the financial year ended March 31, 2026, driven by a 29% rise in total income to ₹259 crore. The company’s EBITDA grew by 40% to ₹75 crore, while earnings per share (EPS) increased by 48% to ₹11.94.

The strong financial performance was supported by higher realisations, improved product mix and operating leverage. Cash flow from operations for the year stood at ₹37 crore, reflecting disciplined capital management. The company’s balance sheet remained debt-free, enabling it to aggressively target new growth opportunities.

Operational Highlights

During the year, the company achieved capacity utilisation of 87% in the fourth quarter. Production units reached 332 KMT. To support future growth, the Board approved a 30% capacity expansion from 414 KTPA to 534 KTPA, which is expected to be commissioned in phases with full capacity available from October 1, 2026.

Financial Performance

The following table summarizes the key financial metrics for FY26:

Strategic Outlook

Raghav Productivity Enhancers Limited is the world’s largest manufacturer of silica ramming mass. The company is actively expanding into new applications and strengthening its operational capabilities to meet growing demand across domestic and international markets. It exports to 39+ countries and has a strong pan-India presence.

The Board has recommended a final dividend of ₹1.00 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting.

Raghav Productivity Enhancers Limited achieved export revenues of INR 5,554.08 lakhs during the financial year 2025-26, accounting for 48.59% of its total turnover. The company filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on June 05, 2026, disclosing a robust international presence across 39 countries while maintaining full compliance with environmental and safety regulations.

The company reported that it serves 27 states and union territories domestically and 39 countries internationally, with a primary focus on steel manufacturers and foundries. Raghav Productivity Enhancers operates on a standalone basis with a paid-up capital of INR 45,91,19,600. During the reporting period, the company initiated the assessment of its greenhouse gas emissions covering Scope 1, Scope 2, and relevant Scope 3 categories to strengthen its climate-related disclosures.

Operational and Financial Metrics

The company’s operations are entirely concentrated on the manufacturing of refractory products, which contributed 100% to the total turnover. Raghav Productivity Enhancers Limited reported that it has not received any monetary penalties, fines, or settlements from regulatory authorities during FY26. The company also confirmed that no instances of bribery, corruption, or conflict of interest complaints were reported during the year.

Employee and Safety Statistics

As of the end of the financial year, the company employed 14 permanent employees and 45 permanent workers. The workforce composition included 21.43% female employees and no female workers. The company reported that 100% of its plants and offices were assessed for health and safety practices as well as working conditions. No cases of sexual harassment or child labour were reported during the year.

Employee and Workforce Details

Environmental and Governance Initiatives

Raghav Productivity Enhancers Limited has implemented an Occupational Health and Safety management system covering all manufacturing units and employees. The company installed solar energy systems to reduce dependence on conventional energy sources and planted approximately 1,550 trees to enhance green cover. It confirmed compliance with all applicable environmental laws, including the Air (Prevention and Control of Pollution) Act and the Environment (Protection) Act.

Regarding governance, the Board of Directors oversees sustainability and ESG-related matters as part of the overall governance framework. The company has established various policies, including the Anti-Bribery and Anti-Corruption Policy and the Diversity, Equity & Inclusion Policy, which are available on its website.