Rashi Peripherals Limited has submitted its comprehensive investor presentation for March 2026 to the stock exchanges under Regulation 30(6). The presentation, signed by Company Secretary and Compliance Officer Arvind Bajoria, has been made available on the company's website at www.rptechindia.com/investor .

Company Overview and Market Position

Incorporated in 1989, Rashi Peripherals Limited stands as one of India's largest companies in the Information and Communication Technology (ICT) products distribution segment. The company serves as a key intermediary between global technology original equipment manufacturers and diversified domestic channel partners, including retailers, resellers, regional distributors, and system integrators.

Extensive Distribution Infrastructure

The company has established a robust pan-India distribution infrastructure that enables efficient logistics execution and last-mile reach across the country. This comprehensive network positions Rashi Peripherals to serve markets ranging from metropolitan cities to emerging Tier-2 and Tier-3 locations.

Financial Performance Highlights

The presentation showcases the company's financial trajectory across recent fiscal years, demonstrating consistent revenue growth and maintained profitability margins in the distribution business.

Business Model and Value Proposition

Rashi Peripherals operates through an asset-light, scale-driven distribution model supported by strong vendor relationships and a broad channel partner network. The company's multi-channel distribution strategy encompasses General Trade, Modern Trade, and E-Commerce platforms, ensuring comprehensive market coverage.

The business model focuses on enabling technology adoption across India by bridging global OEMs with nationwide access and trust. Key value propositions include comprehensive product portfolios, techno-commercial support, customized solutions, after-sales support, and warranty management.

Market Position and Growth Drivers

The presentation highlights India's structural digitization trends and technology adoption as key growth drivers. The company benefits from government digitalization initiatives, enterprise hardware refresh cycles, and expanding PC penetration in underpenetrated markets. With PC penetration in India remaining significantly below developed markets, the company is positioned to capitalize on the projected 12-15% growth in FY24-27E.

Capital Market Information

As of December 31, 2025, the company trades on BSE (Scrip Code: 544119) and NSE (Symbol: RPTECH) with a market capitalization of INR 23,681.4 million. The stock has a 52-week range of INR 245.0 to INR 411.4, with 65.9 million equity shares outstanding.

Source: None/Company/INE0J1F01024/b08a63c4-4228-49bf-a9e6-2e4e312f706f.pdf

Rashi Peripherals Limited delivered exceptional financial performance in Q3 FY26, demonstrating strong execution amid challenging market conditions characterized by component shortages and rising prices. The company's comprehensive distribution network and strategic inventory planning enabled it to capitalize on market opportunities while maintaining operational efficiency.

Strong Financial Performance Across All Metrics

The company's Q3 FY26 results showcased robust growth across key financial parameters:

For the nine months ended December 31, 2025, the company maintained strong momentum with consolidated revenue reaching INR11,338 crores (5% YoY growth) and PAT of INR196 crores (25% YoY growth), achieving healthy margins of 1.72%.

Market Dynamics and Growth Drivers

The exceptional Q3 performance was driven by multiple favorable market factors. Global demand for personal computing regained momentum, with the domestic PC market delivering one of its strongest quarters ever, growing upwards of 10% year-over-year. Management noted that approximately 50% of the 43% revenue growth came from volume increases, while the remaining growth resulted from higher average selling prices due to component price increases and dollar appreciation.

The recent union budget further strengthened the technology sector foundation with a strong policy push towards electronics manufacturing, semiconductor self-reliance, and AI infrastructure. The government allocated around INR40,000 crores for digital capacity creation, nearly double the initial outlay of INR22,999 crores, creating a favorable environment for long-term technology investments.

Segmental Performance and Product Mix Evolution

The company's business segments showed notable shifts in composition:

Management highlighted that the PES (Personal Computing and Enterprise Solutions) business increased to 56% in Q3 FY26 compared to 51% in the previous year's corresponding quarter, representing a 5 percentage point improvement in the higher-value segment.

Operational Excellence and Network Expansion

Rashi Peripherals continued strengthening its distribution capabilities during the quarter. The company launched a new branch in Solapur, bringing its total network to 55 branches across India. This unprecedented network of branches, service centers, and warehouses now spans 55 towns, serving over 10,000-plus distribution partners across 700+ locations nationwide.

The company maintained disciplined working capital management with inventory days at 56 days, debtor days improving to 47 days from 61 days year-ago, and creditor days at 43 days. This resulted in working capital days of 60 days, remaining stable and well-aligned with the operating model.

Financial Health and Cash Flow Improvement

A significant operational milestone was achieved with positive operating cash flow of INR34 crores for the year-to-date period, marking improvement after periods of outflow in earlier years. The company also benefited from a credit rating upgrade, enabling reduced borrowing costs with the current blended cost of borrowing in the range of 7.50% to 8.00%.

The company recognized an incremental impact of over INR4 crores following new Labour Code notifications, primarily due to increased gratuity obligations and enhanced employee benefits. Additionally, INR14 crores of ESOP costs were provisioned year-to-date, reinforcing commitment to talent retention and long-term value creation.