Rashi Peripherals Limited has informed the Exchange about Investor Presentation
th
18
March, 2026
Listing Operation Department To,
Listing Compliance Department
BSE Limited P.J. Towers, Dalal Street, Mumbai – 400001 544119
The National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400051
RPTECH
Scrip Code:
Symbol:
Sub.
Investor Presentation
:
Pursuant to Regulation 30(6) we submit herewith a copy of the Investor Presentation.
The said presentation will also be made available on the website of the Company at www.rptechindia.com/investor.
RASHI PERIPHERALS LIMITED
Yours faithfully, FOR Arvind Bajoria
Company Secretary and Compliance Of�icer
Encl.: As above
Rashi Peripherals Limited Regd. Office: Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (East), Mumbai, Maharashtra – 400069, India • Tel: +91-22-6177 1771 | Fax +91-22-61771999 • www.rptechindia.com • investors@rptechindia.com | CIN: L30007MH1989PLC051039
Investor Presentation March 2026
RP Tech at a Glance
36+ Years of experience
82 Global Technology Brands
10,000+ Partners / B2B Customers
573 Million Units Distributed
18,110 SKU’s
1,582 Employees
32.5% 4 year Revenue CAGR*
15.4% 4 year PAT CAGR*
0.50x Net Debt to Equity*
AA- /Stable CRISIL Long Term rating
All figures as on 9M-FY26 * Figures as on FY25
2
Enabling Adoption & Deployment of Technology in India
Vision
Mission
To establish a multi-channel, pan-India distribution footprint and to pursue a high-engagement strategy across General Trade, Modern Trade, and E-Commerce channels.
To make IT products available in each of the 800+ districts in India
RP Tech plays a foundational role in India’s technology ecosystem, connecting global innovation with nationwide access, adoption and trust. We do not merely distribute IT products; we are enabling India’s digital and technology adoption at scale.
How the Company Enables Technology Adoption at Scale
Bridge Between Global OEMs and India Trusted national distributor of 82 global technology brands, enabling faster market entry, deeper penetration and long-term brand scaling in India
Multi-Channel Distribution Backbone Integrated presence across General Trade, Modern Trade and E- Commerce, ensuring technology availability for consumers, enterprises, MSMEs, institutions and government
Driving Adoption, Not Just Availability Channel training programs, roadshows, solution demonstrations and pre-sales, techno-commercial support enable adoption of complex and high-value IT products
Trust Through Service & Support End-to-end services including warranty management, RMA, diagnostics and after-sales support strengthen confidence, repeat purchases and upgrade cycles
Nationwide Access One of India’s largest ICT distribution networks with 700+ locations, 55 branches, 70 warehouses and 50 service centres, extending technology reach beyond metros into Tier-2, Tier-3 and emerging markets
3
A History of Sustainable Growth
20%+ CAGR ACROSS TOPLINE AND BOTTOMLINE OVER LAST 20 YEARS
Revenue (INR Mn.)
2,075
FY05
19
FY05
8,021
FY10
53
FY10
28,064
FY15
PAT (INR Mn)
1,37,727
39,345
FY20
FY25
2,097
162
FY15
382
FY20
FY25
4
COMPANY OVERVIEW
5
Company Overview
•
•
•
•
•
•
•
•
Rashi Peripherals Limited, incorporated in 1989, is one of the India’s largest company in Information and Communication Technology (ICT) products distribution segment.
Consolidated Revenue (INR Mn) & EBITDA Margins (%)
The Company acts as a key intermediary between global technology original equipment manufacturers and a diversified domestic channel partners including retailers, resellers, regional distributors, system integrators ecosystem.
94,543
1,37,727
1,10,947
1,13,380
It has established a pan-India distribution infrastructure with presence across more than 700 locations, supported by 55 branches, 50 service centres, and 70 warehouses, enabling efficient logistics execution and last-mile reach.
2.67%
2.64%
2.88%
2.18%
The business operates through two integrated verticals: Personal Computing and Enterprise Solutions (PES), and Lifestyle and IT Essentials (LIT).
FY23
FY24
FY25
9M-FY26
6.0 0%
5.0 0%
4.0 0%
3.0 0%
2.0 0%
1.0 0%
0.0 0%
The Company distributes a comprehensive product portfolio comprising laptops, lifestyle electronics, desktops, servers, storage, networking solutions, peripherals, embedded & semi conductors, and IT accessories.
The Company partners with 82 global technology OEM brands and serves more than 10,000 domestic channel partners including resellers, regional distributors, system integrators and others.
It follows an asset-light, scale-driven distribution model supported by vendor relationships, a broad channel partner network, and value-added support.
The Company is positioned to benefit from India’s structural digitization and technology adoption trends.
9M-FY26 Segment wise Revenue Split (%)
42%
58%
PES
LIT
6
Journey
Incorporated as Rashi Peripherals Private Limited, marking entry into India’s Information and Communication Technology distribution market.
1989
Crossed cumulative sales of 1 million units, demonstrating early scale across product categories.
2002
Annual revenue crossed INR 10,000 million and cumulative units sold exceeded 10 million, establishing national leadership.
2011
Average revenue per customer increased to INR 5.15 million, indicating deeper channel penetration.
2017
Annual revenue exceeded USD 1 billion, cumulative units sold crossed 25 million, and average revenue per customer reached INR 9.74 million.
2022
Implemented enterprise-wide Customer Relationship Management with 450+ active users.
2025
2000
Expanded geographical footprint with establishment of 9 branches across India.
2004
Expanded branch network to 30 locations, strengthening presence in Tier-2 and Tier-3 markets.
2016
Achieved annual revenue of over INR 30,000 million, reflecting sustained multi- category growth.
2020
Employee strength crossed 1,000 professionals, strengthening operational scale.
2024
Successfully completed Initial Public Offering aggregating INR 600 crore.
7
Board of Directors
Krishna Kumar Choudhary
Chairman & Whole-Time Director
Sureshkumar Pansari
Vice-Chairman & Whole-Time Director
Kapal Suresh Pansari
Managing Director
He brings over four decades of experience in IT distribution. He holds a Bachelor of Commerce degree from Kashi Hindu University and is a member of the Institute of Chartered Accountants of India (ICAI).
He has over 40 years of experience in IT distribution. He holds a Bachelor’s degree in Commerce from Rajasthan University and is an associate member of the Institute of Chartered Accountants of India (ICAI).
in
the With 17 years of experience technology channel sector, he holds a Bachelor of Commerce degree from the University of Mumbai. He is an alumnus of the S.P. Jain Institute of Management and Research. He has been in transforming the Company into one of India’s ICT distribution powerhouses.
fastest-growing
instrumental
Keshav Krishna Kumar Choudhary
Whole-Time Director
He brings over 10 years of experience in the technology sector and holds a Bachelor of Science degree in Electrical Engineering from the University of California.
Rajesh Goenka
Chief Executive Officer & Whole-Time Director
He brings over 25 years of extensive experience in sales and marketing. He has been associated with the Company since 2008 and has played a key role in driving growth through strategic vision and leadership. He has been pivotal in shaping the Company’s journey, helping achieve consistent double-digit CAGR over more than two decades.
8
Board of Directors
Drushti Rahul Desai
Independent Director
She has over 25 years of experience serving on the boards of various companies, with deep expertise is a member of Institute of Chartered Accountants of India (ICAI) and a registered valuer with the Insolvency and Bankruptcy Board of India.
in valuations. She
the
Anandkumar Radhakrishna Ladsariya
Independent Director
He holds a Bachelor’s degree in Accounting and Auditing from R.A. Podar College of Commerce and Economics, along with a Postgraduate Diploma in Management from the Indian Institute of Management (IIM) Ahmedabad.
Dr. Anil K. Khandelwal
Independent Director
is an accomplished
in engineering, a
leader with a He law, and background management, in PhD including Management. He is the former Chairman and Managing Director of Dena Bank and Bank of Baroda and has received multiple Lifetime Achievement Awards, including the prestigious Asian Banker Award from Singapore.
Yazdi Piroj Dandiwala
Dr. Indumati Gopinathan
Independent Director
Additional Non-executive Independent Director
He brings over 50 years of extensive experience in the legal domain. He holds a Bachelor’s degree in Science and a Bachelor’s degree in Law from the University of Bombay.
She is an experienced pathologist with MBBS and MD degrees from Seth G.S. Medical College, Mumbai, and former head of pathology at leading hospitals. She is an Independent Director at Thyrocare Technologies Ltd., with expertise in diagnostics, healthcare governance, and telemedicine, and has held leadership roles with National AIDS Control Organization, Indian Medical Association, and professional pathology bodies. She has also completed NSE Women Directorship Masterclass.
9
Key Managerial Persons
Himanshu Kumar Shah
Chief Financial Officer
Navin Omprakash Agarwal
Vice President, Accounts & Finance
Arvind Bajoria
Company Secretary & Compliance Officer
He is a highly experienced finance professional with more than 29 years of post-qualification expertise. He holds a Bachelor’s degree in Commerce from Jai Narain Vyas University and is an Associate Member of both the Institute of Chartered Accountants of India (ICAI) and the Institute of Cost Accountants of India (ICWA). Since joining the Company in 2018, he has played a in driving financial strategy and pivotal role overseeing key financial operations.
He holds a bachelor’s degree in commerce from the University of Mumbai and is a fellow member of the Institute of Chartered Accountants of India. intermediate-level He has also completed the Institute of the examination conducted by Company Secretaries of India. With over 22 years of experience, he has been a key contributor to the company’s financial operations and governance.
A qualified Company Secretary (CS) since 2001 and Cost and Management Accountant (CMA) since 2012, he brings extensive experience in corporate governance, regulatory compliance, and strategic legal affairs. Prior to joining RP Tech, he was associated with several prominent organizations across diverse sectors, including Kilburn Engineering Limited, Khanna Paper Mills Ltd., and the Vardhman Group.
10
Value Proposition
After sales support and warranty management
Wide reach and deep channel penetration
Comprehensive portfolio of products
Techno-commercial support
Customised solutions for customers
Sales technology support with Go to marketing strategies
Value added support to brands and channel partners
Business excellence Better understanding of market, products & solutions
Customer Value Proposition
Vendor Value Proposition
11
Consistency and speed of execution
Brand Relationships & Positioning
Over 5 year relationship with more than 20 brands
12
l
s d n a r B y g o o n h c e T l a b o G 2 8 y b
l
d e t s u r T
Pan-India Branch Network
Andhra Pradesh: • Amravati • Vijayawada • Visakhapatnam
Assam: • Guwahati
Bihar: • Patna
Chandigarh (UT): • Chandigarh
Chhattisgarh: • Raipur
Delhi (UT): • Delhi
Gujarat: • Ahmedabad • Baroda • Rajkot • Surat
Goa: • Goa
Haryana: • Gurugram
20 Regions
55 Branches
709 Locations
10,000+ Distribution Partners
Jammu & Kashmir (UT): • Jammu • Srinagar
Jharkhand: • Ranchi
Karnataka: • Bengaluru • Hubbali • Mangaluru • Mysuru
Kerala: • Kochi • Kottayam • Kozhikode • Thiruvananthapuram
Madhya Pradesh: • Bhopal • Indore • Jabalpur Maharashtra: • Ahilyanagar • Chatrapati Sambhaji Nagar • Kolhapur • Mumbai • Nagpur • Nashik • Pune • Sangli • Solapur • Nanded • Baramati Odisha: • Bhubaneshwar
Puducherry (UT): • Puducherry
Punjab: • Ludhiana
Rajasthan: • Jaipur
Tamil Nadu: • Coimbatore • Chennai • Madurai
Telangana: • Secunderabad • Warangal
Tripura: • Agartala
Uttarakhand: • Dehradun
Uttar Pradesh: • Noida • Lucknow
West Bengal: • Kolkata • Siliguri
* As on 9M-FY26
Comprehensive “One-Stop Shop” for India’s evolving technology needs
13
Awards & Accolades
Digital Terminal Most Trusted National Distributor for ICT Solutions in India
Lenovo 360 Distributor of the Year Champion FY 2025-26 (APAC)
NCN Best National Level Value-Added Distributor - 2025
Samsung National Distributor - 2025-26
VAR India Most Promising Partner in India 2025
SME Channels Most Ethical Company
ET Edge Best Brands in 2024
NVIDIA Distributor of the Year 2024
NVIDIA Networking Distributor of the Year 2024
14
BUSINESS OVERVIEW
Personal Computing & Enterprise Solutions
• Providing high-performance technology products to enterprise and cloud solution
providers along with pre and after sales support.
• These include computers, accelerated chips, enterprise storage systems, backup
solutions, security and device-management solutions.
• End users include government organisations, data centers and solution providers across industries - such as banking and financial services, education, and IT services.
PES Revenue (INR Mn)
52,922
60,600
83,606
65,715
FY23
FY24
FY25
9M-FY26
Servers, Storage & IoT
Industrial Computers, AI Edge & Remote Access
Cybersecurity, Analytics & Data Centre Networking
Lifestyle and IT Essentials
•
Focusing on consumer-oriented distribution of peripherals, accessories, and essential IT products.
lifestyle electronics,
• Distributing a wide range of gaming products, computer peripherals, premium accessories, wearables, and everyday IT gadgets that support consumer’s digital lifestyles, work-from-home, and entertainment needs.
•
Serving end consumers through a multi-channel distribution model, this business is fast-moving and brand-led, with quicker inventory turnover.
LIT Revenue (INR Mn)
50,347
54,121
47,665
41,621
FY23
FY24
FY25
9M-FY26
CPU’s, GPU’s, Motherboards
Monitors, Accessories, Audio
Memory Modules & Devices
Routers, UPS, Power Back ups, SSDs, HDD’s
Authorized Service Provider
Value Added Service to OEM’s and Vendors
50 service centers with all branches acting as service centers as well
Authorized Service Provider for ASUS, SanDisk, Nvidia, HP, Toshiba, Kingston, Netac, Antec, Belkin, ECS, Kioxia, etc.
Warranty & RMA (Return Merchandise Authorization) Support
Hardware Repairs & Diagnostics
General IT Repair Support
18
Distribution Model
OEM/ Brands
National Distributor Partner
Distribution Channels
End Users
General Trade
Distributor Partner
Warehousing / Service Centres
Global Technology Brands
Own / 3rd Party Logistics
Modern Trade
• Offers logistics support, billing services, and last-mile service even in remote locations
•
Industry leader in breadth billing
• Wide spread reach to retail stores, MBOs, exclusive outlets, gifting partners, etc
• Supplies products
to Large Format Retailers (LFRs), multi-format retail (“MFR”) and small format retail (“SFR”) chains, local through a robust, branch-driven billing network
• Only distributor catering to 15+ LFRs
• Collaborating with India’s leading online product
marketplaces availability and offer nationwide delivery
extend
to
E-Commerce
• Team includes developers, tech support, customer care, dedicated operations and product managers
19
Marketing Strategies
Powering product growth with strategic brand marketing and brand engagement
Marketing communications team with PR and Corporate Communications, Events, Channel Marketing, In-house and brand’s events etc.
Conducting 100+ training / roadshows every year
Platinum Partner program for 800+ partners
20
Some Case Studies
The Problem
The Solution
BRAND X
The brand’s growth in India was constrained by limited presence in organised channels and low brand awareness, despite premium pricing
•
Executed roadshows to build brand visibility across key Indian cities
• Channel training and engagement programs, including FTS (Foreign Tour Scheme for partners who achieve their sales targets)
•
Introduced multiple products categories to the Indian market
in different
The Problem
The Solution
BRAND Y
Limited brand visibility and premium pricing customer acceptance in the Indian market
low
led
to
•
•
Product seeding, targeted schemes, and awareness programs to product adoption
Focused training, marketing, and promotional initiatives to strengthen brand presence
• Brand-led promotional activities to position
products
21
Client Testimonials
Arnold Su - Vice President - Consumer & Gaming PC, System Business Group, ASUS India
It’s a true privilege to collaborate with RP Tech - a partnership that spans over 30 years. As one of our oldest and top-performing distributors, RP Tech has consistently set benchmarks in consumer reach and execution. We’re proud to share that RP Tech continues to support our vision of expanding into 600+ districts across India to better serve our customers. Their highly capable sales force ensures strong market delivery - from metro cities to remote rural regions. This deep experience also empowers RP Tech to manage ASUS’s entire product portfolio with precision, seamless coordination, robust reporting, and real-time visibility. We are confident that this enduring partnership will help us reach even greater milestones in the future.
Sanjay Sahu - Director - Channel Sales, Secure Power Division, Schneider Electric
Over the past two decades, RP Tech and Schneider Electric have cultivated a partnership that exemplifies mutual trust, respect, and a shared commitment to collaboration. This relationship has thrived because of the deep understanding and dedicated efforts of both teams, working together to achieve common objectives. Our ongoing dedication has positioned this alliance as a shining example of excellence in the market, driving consistent growth year after year. The strength of our collaboration lays a solid groundwork for a bright and successful future, with many more opportunities for achievement ahead.
Mr. Hemendu Sinha – Senior VP - LG
In just about 5 years of our Business Relationship with Rashi Peripherals Limited, we have witnessed a strong synergy formed between the two organizations. Today, Rashi Peripherals has evolved as an invaluable strategic partner for our business. The unflinching commitment exhibited by Rashi Peripherals towards our business has been the major guiding force behind our consistent growth. The professionalism and flexibility, which the Rashi Team brings on the table is unmatched in the industry. The trust and confidence developed over the period of last few years has ensured great success and exceptional business results. We wish to strengthen this trust and take the business to newer heights.
22
STRATEGIC OVERVIEW
Forex Hedging and Risk Management
•
The business is exposed to foreign exchange risk primarily due to import of products denominated in foreign currencies, while revenues are largely INR-denominated.
• Currency volatility can impact cost of goods sold, gross margins, and profitability,
especially in a fine defined margin distribution model.
•
•
The Company follows a conservative forex risk management approach, focusing on protection rather than speculation.
Forward exchange contracts are used selectively to hedge firm and highly probable foreign currency payables.
Forex Exposure Profile (INR Mn)
4,738
224
4,514
329
2,911
2,582
4,088
1,410
2,678
FY23
FY24
FY25
Unhedged Exposure
Hedged Exposure
• Hedging tenures are aligned with inventory cycles and working capital timelines to
minimise timing mismatches.
Forex Volatility v/s Margin Stability
• Unhedged exposures are managed through pricing pass-through mechanisms, scale
benefits, and vendor negotiations.
•
Forex risk management is governed by internal policies and oversight mechanisms, ensuring disciplined execution and compliance.
2.68%
0.57%
2.64%
2.84%
4.93%
2.18%
FY23
FY24
FY25
EBITDA Margins (%)
Change in USD/INR Rate
Forex risks are mitigated through hedges, fast inventory turnover, pricing controls, and strong governance supporting stable margins in a volatile currency environment.
24
Working Capital Efficiency
• Data-Led Inventory Discipline:
•
•
•
Inventory monitored daily at branch level for faster rotations and local responsiveness
Sales data from our CRM used to understand demand and maintain the right inventory levels, avoiding both shortages and excess stock
Real-time SKU monitoring ensures timely replenishment
Inventory Days
55
58
54
56
• Debtor Control:
• Continuous follow-ups and efficient collections accelerate cash
realization
FY23
FY24
FY25
9M-FY26
Debtor Days
Creditor Days
•
Partner-led relationships drive timely payments
• Creditor Control:
47
42
39
37
41
41
42
43
•
•
Strong OEM relationships enable favorable payment terms and consistent supply visibility
Strategic credit terms which align supplier payments with cash inflows
FY23
FY24
FY25 9M-FY26
FY23
FY24
FY25 9M-FY26
A disciplined, systems-driven approach to vendor, credit, and inventory management enables faster cash conversion and supports profitable growth.
25
Key Strengths
Experienced Industry Player with Legacy
Over 30+ years in the ICT distribution business, giving it deep market knowledge and positioning in a competitive industry
Extensive Pan-India Distribution Network
A wide and deep presence with 20 regions, 70 warehouses and reach into 700+ locations across India, enabling strong market access and logistical coverage
Demand-Creation Advantage
Consistent investment in brand-building and channel marketing translates into better demand visibility, faster inventory churn, and stronger partner loyalty
Leading Partner for Global Technology Brands
National distribution partner to 80+ global tech brands across IT and lifestyle categories, strengthening credibility and product access
Wallet Share Expansion
A broad, multi-OEM portfolio enables bundling of endpoints, infrastructure, and peripherals within the same account, increasing share of spend customer acquisition cost.
incremental
without
Strong Channel Partner Relationships
Serves thousands of channel partners, with a high degree of repeat business and long- standing customer ties, which supports stable revenue streams
Comprehensive Product & Service Portfolio
Offers a broad range of ICT products (PCs, components, peripherals, power, networking) plus value-added services like pre-sales, solution design, credit support and warranty support
Multi-Channel Go-to-Market Strategy
Presence across general trade, modern trade and e-commerce channels increases distribution flexibility and customer reach
26
Growth Drivers
Expand into High-Growth Verticals
Enter emerging, high-potential sectors to diversify revenue streams
Adjacent Segments
Introduce new adjacent product segments to leverage existing channel infrastructure
Forge Strategic OEM Partnerships
Build alliances with leading technology brands to enhance offerings and competitiveness
Accelerate Market Penetration
Expand presence across new geographies while strengthening existing markets
Solution-Based Selling
Upsell and cross- sell through solution-based selling to improve wallet-share per partner
27
INDUSTRY OVERVIEW
Industry Overview
Indian ICT Market - Size & Growth Outlook
•
•
India’s IT devices spend is on a steady upcycle, driven by enterprise hardware refresh, digital infrastructure build-out, and rising non-metro adoption.
Sustained growth in devices spend provides a durable volume runway for ICT distributors, as demand spans PCs, peripherals, storage, networking, and enterprise hardware, supporting scale-led growth.
• PC penetration in India remains structurally underpenetrated, with installed base and household penetration significantly below developed markets, leaving a large headroom for growth as digital adoption deepens across education, enterprises, and MSMEs. The penetration of PC’s (laptops and desktops) in India is low with growth expected to be at 12-15% in FY24-27E.
• Rising enterprise refresh cycles, government digitalisation, and increasing adoption beyond metros are steadily expanding the PC base, supporting a multi-year volume
growth opportunity despite short-term cyclicality.
•
•
India’s semiconductor opportunity is structurally large and scaling fast, with the domestic electronics market exceeding USD 150 bn and semiconductor consumption projected to cross USD 80–100 bn by the end of the decade, driven by automotive, mobility, data centres, and industrial electronics.
Strong policy tailwinds (INR 76,000+ crore semiconductor incentive program) and global supply-chain diversification are acting as catalysts for investments across fabs, OSAT, and design, positioning semiconductors as a multi-billion-dollar, long-duration growth theme for India.
India IT Devices (PC, Mobile and Accessories) Spend (INR Bn)
4,642
5,018
5,513
4,106
CY23
CY24
CY25
CY26 E
Source: Technopak Report, Gartner
The penetration of PC’s (laptops and desktops) as on CY22
India
15%
USA
UK
Japan
China
75%
77%
76%
Semiconductor Market (USD Bn)
110
44
54%
2023
2030
29
Industry Overview
Technology Adoption Movement: RP Tech as the Execution Backbone
• Government Digitalisation: Large-scale government IT programs are driving nationwide demand for compliant compute, networking, storage, and security infrastructure. Government adoption sets digital standards that accelerate IT spend across regulated and private sectors.
• Public Sector & Regulated Institutions: PSUs, education bodies, and regulated institutions are upgrading IT systems to meet compliance, transparency, and data localisation norms. Procurement increasingly favors organised, audit-ready national distributors.
• Banks & Financial Services: BFSI IT spending remains resilient, driven by digital transactions, cybersecurity, analytics, and regulatory compliance. Infrastructure refresh cycles are shortening due to rising digital intensity.
•
IT Services & Global Capability Centers (GCCs): Expansion of IT services and GCCs is driving demand for servers, networks, and high-performance computing. Speed of deployment and scalability are key buying criteria.
• Telecom & Data Centers: Cloud adoption, AI workloads, and data localisation are accelerating
investments in telecom and data center infrastructure.
• Manufacturing & Industrial Enterprises: Manufacturers are investing in digital factories, enterprise IT modernisation. Edge computing and industrial connectivity are emerging focus areas.
• Healthcare & Large Hospital Networks: Healthcare digitalisation is driving demand for reliable, compliant IT infrastructure and lifecycle services. Technology adoption is moving from standalone systems to integrated platforms.
Indian ICT Market Size (USD Bn)
195
99
2025
2034
• SMEs & Channel Ecosystem: SMEs are shifting from ad-hoc IT purchases to structured, solution-
Source: Technopak Report, Rashi RHP, IMARC
led adoption, with partner led models playing an increasingly central role.
• Consumers & Emerging India (Tier-2/3): Rising device penetration and hybrid work are
expanding technology adoption beyond metro cities.
India’s IT adoption is scaling from government to enterprises and consumers, with RP Tech positioned at the center as an enabler of this growth
30
FINANCIAL OVERVIEW
Historical Consolidated Income Statement
Particulars (INR Mn)
Revenue from Operations
Operational Expenses
EBITDA
EBITDA Margins
Other Income
Finance costs
Depreciation & Amortization
Exceptional item
PBT
Tax Expense
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS
FY23
94,543
92,014
2,529
2.67%
147
863
167
-
1,646
413
1,233
1.30%
(33)
1,200
29.50
FY24
110,947
108,018
2,929
2.64%
144
1,071
189
104
1,917
478
1,439
1.30%
(40)
1,399
31.14
FY25
137,727
134,725
3,002
2.18%
606
775
172
26
2,687
590
2,097
1.52%
(13)
2,084
31.57
9M-FY26
113,380
110,119
3,261
2.88%
245
776
154
-
2,576
621
1,955
1.72%
(19)
1,936
28.89
32
Historical Consolidated Balance Sheet
Particulars (INR Mn) I. ASSETS Non-Current Assets (a) Property, Plant & Equipment (b) Right of Use Assets (c) Capital Work-in-Progress (d) Other Intangible Assets (e) Goodwill (f) Financial Assets (i) Investments (ii) Other Financial Assets (g) Non-Current Tax Assets (Net) (h) Deferred Tax Assets (Net) (i) Other Non-Current Assets Total Non-Current Assets
Current Assets (a) Inventories (b) Financial Assets (i) Trade Receivables (ii) Cash & Cash Equivalents (iii) Bank Balances (Other) (iv) Loans (v) Other Financial Assets (c) Other Current Assets Total Current Assets
FY23
FY24
FY25
H1-FY26
540 159 40 27 41
56 97 104 59 132 1,255
525 130 - 18 34
- 133 146 68 86 1,140
492 94 - 13 34
- 135 28 19 61 876
471 276 - 9 29
- 154 - - 74 1,013
14,934
18,248
19,995
24,893
8,716 346 - - 52 2,683 26,731
13,843 1,450 - - 55 3,452 37,048
17,951 216 4 - 56 3,538 41,760
18,754 350 - 6 59 3,881 47,943
TOTAL ASSETS
27,986
38,188
42,636
48,956
Particulars (INR Mn) II. EQUITY AND LIABILITIES Equity (a) Equity Share Capital (b) Other Equity Non-Controlling Interest Total Equity
Non-Current Liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease Liabilities (b) Provisions (c) Contract Liabilities (d) Deferred Tax Liabilities (Net) Total Non-Current Liabilities
Current Liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (MSME) (iii) Trade Payables (Others) (iv) Other Financial Liabilities (b) Other Current Liabilities (c) Provisions (d) Current Tax Liabilities (Net) (e) Contract Liabilities Total Current Liabilities TOTAL EQUITY AND LIABILITIES
FY23
FY24
FY25
H1-FY26
209 6,793 (19) 6,983
330 15,176 1 15,507
330 17,092 18 17,440
330 18,215 79 18,624
324 116 11 10 68 529
10,333 48 3 9,558 220 175 20 7 110 20,474 27,986
5 89 11 6 - 111
6,853 50 52 14,977 239 320 10 9 60 22,570 38,188
9 46 8 48 25 136
8,983 59 346 15,060 250 207 24 129 2 25,060 42,636
- 190 - - 7 197
9,411 95 154 19,908 201 170 12 184 - 30,135 48,956
33
Financial Performance
Operational Revenue (INR Mn)
EBITDA (INR Mn)
PAT (INR Mn)
EBITDA Margin & PAT Margin (%)
1,37,727
1,10,947
1,13,380
94,543
2,929
3,002
3,261
2,529
2,097
1,955
1,233
1,439
1.30%
1.30%
1.52%
1.72%
2.67%
2.64%
2.88%
2.18%
FY23
FY24
FY25
9M-FY26
FY23
FY24
FY25
9M-FY26
FY23
FY24
FY25
9M-FY26
FY23
FY24
FY25
9M-FY26
EBITDA Margins
PAT Margins
Cash Flow from Operation (INR Mn)
Working Capital Days
Net Debt to Equity (x)
ROCE & ROE (%)
339
53
54
54
60
19.34%
1.48x
-1,146
-1,020
-2,992
0.50x
0.49x
14.21%
0.35x
12.79%
12.74%
12.93%
13.02%
FY23
FY24
FY25
9M-FY26
ROCE
FY23
FY24
FY25
9M-FY26
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
ROE
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Capital Market Information
(BSE: 544119, NSE: RPTECH)
Share Price Movement (Up to 31st December, 2025)
Shareholding Pattern (As on 31st December, 2025)
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
-40.0%
Promoters 63.98%
Mutual Funds 8.81%
AIF 9.63%
FII 0.66%
Public 16.92%
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25
RP Tech
BSE Sensex
Share Price Data (As on 31st December, 2025)
Top 5 Shareholders (As on 31st December, 2025) (%)
Face value (INR)
Market Price (INR Mn)
52 Week H/L (INR)
Market Cap (INR Mn)
Equity Shares Outstanding (Mn)
Avg. trading volume (‘000)
5.0
358.4
411.4/245.0
23,681.4
65.9
149.5
Bandhan Small Cap Fund
Volrado Venture Partners Fund
Madhuri Madhusudhan Kela
New Mark Capital AIF
ICICI Prudential Technology Fund
7.47
6.10
2.44
1.50
1.34
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Disclaimer
Rashi Peripherals Limited Disclaimer:
This presentation has been prepared by Rashi Peripherals Limited (the “Company” “RP Tech”), solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks.
The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
Valorem Advisors Disclaimer:
Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in the personal or company capacity of the Company under review.
For further information please contact our Investor Relations Representatives:
Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91-22-49039500 Email: rptech@valoremadvisors.com Kitlink: https://www.valoremadvisors.com/rashi
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