Raghav Productivity Enhancers Limited (RPEL), the world's largest manufacturer of silica ramming mass, has announced ambitious growth targets for FY27 while reporting robust financial results for the first half of FY26.

FY27 Growth Targets

RPEL has set its sights on achieving a revenue of ₹500-550 crores and a Return on Capital Employed (ROCE) of 20% by FY27. The company plans to reach these goals through several strategic initiatives:

1. Maintaining capacity utilization above 90%
2. Expanding global exports
3. Establishing a NABL-accredited R&D facility
4. Entering new markets for foundry and semiconductor-grade silica products

H1 FY26 Financial Highlights

The company has reported strong financial performance for the half-year ended September 30, 2025:

Key Performance Indicators

• Capacity Utilization: 79% on a consolidated basis
• Export Growth: Export sales volumes grew ~26% YoY in H1 FY26
• Eastern Market Penetration: Share increased from 26% in H1 FY25 to 35% in H1 FY26
• Customer Base: Serviced 248 customers in H1 FY26, with top 10 customers contributing 26% of sales (down from 33% in H1 FY25)
• New Customer Acquisition: Onboarded 25 new customers, including 16 in export markets

Management Commentary

Mr. Rajesh Kabra, Managing Director of RPEL, commented on the results: "We are pleased to report a strong first half of FY26, marked by robust revenue growth and healthy profitability. This performance demonstrates the resilience of our business model, disciplined execution, and a continued focus on operational efficiency and product innovation."

He added, "RPEL has always been an R&D-driven organization, creating a niche for itself in what has traditionally been a commoditized industry. With an NABL compliant state-of-the-art R&D facility set to commence at the new plant within the next four to six months, we are accelerating innovation in product development for silica processing used in industries such as engineered stone and semiconductor crucibles."

Future Outlook

RPEL is pursuing its next phase of growth with a focus on customer proximity, enabling more efficient service delivery and deeper market penetration. The company is also intensifying its focus on the foundry market through distribution networks and strategic partnerships.

With strong fundamentals, a robust strategy, and a talented team, RPEL appears well-positioned to capitalize on emerging opportunities, reinforce its market leadership, and deliver long-term, value-driven growth for all stakeholders.

Raghav Productivity Enhancers Limited (RPEL), the world's largest manufacturer of Silica Ramming Mass, has announced robust financial results for the first half of fiscal year 2026, demonstrating strong growth and operational efficiency.

Financial Highlights

For the half-year ended September 30, 2025, RPEL reported:

*Approximate figures derived from percentage changes

Key Performance Indicators

• Capacity Utilization: Reached 79% on a consolidated basis
• Export Growth: Export sales volumes increased by approximately 26% year-over-year
• Eastern Market Penetration: Share in total volume mix rose from 26% in H1 FY25 to 35% in H1 FY26
• Customer Base: Serviced 248 customers, with top 10 customers' contribution declining to 26% from 33% in H1 FY25

Operational Achievements

• New Customer Acquisition: Onboarded 25 new customers, including 16 in export markets
• Product Quality: Customers continue to choose RPEL's products despite 3-8 times higher prices compared to local alternatives in key export markets
• R&D Focus: A new NABL-compliant R&D facility is set to commence operations within the next 4-6 months

Management Commentary

Rajesh Kabra, Managing Director of RPEL, stated, "We are pleased to report a strong first half of FY26, marked by robust revenue growth and healthy profitability. This performance demonstrates the resilience of our business model, disciplined execution, and a continued focus on operational efficiency and product innovation."

Future Outlook

RPEL is pursuing its next phase of growth with a focus on:

• Customer proximity to enable more efficient service delivery
• Deeper market penetration in the foundry sector
• Accelerating innovation in silica processing for industries such as engineered stone and semiconductor crucibles

About Raghav Productivity Enhancers Limited

Incorporated in 2009, RPEL operates state-of-the-art manufacturing facilities in Newai, Rajasthan, with a combined installed capacity of 414,000 MTPA. The company exports to over 36 countries worldwide and serves 28 states across India.

The strong half-yearly performance underscores RPEL's market leadership in the silica ramming mass industry and its commitment to sustainable growth through product quality, innovation, and operational excellence.