Raghav Productivity Enhancers Limited has informed the Exchange regarding 'Investor Presentation-10 years of Excellence'.
Date: 24-04-2026
To,
The BSE Limted Phiroze Jeejeebhoy Towers Dalal Street, MUMBAI- 400 001 Scrip Code: 539837
The Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai- 400051 Company Code: RPEL
Sub: Investors’ Presentation for the year ended 31st March 2026- 10 Years of Excellence
Dear Sir / Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith Investors’ Presentation for the year ended 31st March 2026.
You are requested to kindly take the same on record and inform all those concerned.
Yours Faithfully For Raghav Productivity Enhancers Limited
Neha Rathi (Company Secretary) M.No.: A38807
Company Overview
World’s Largest Manufacturer of Silica Ramming Mass
What is Silica Ramming Mass?
Refractory material made from quartz mineral and binder chemicals.
What is the application of Silica Ramming Mass?
A consumable applied in the inner lining of Induction Furnaces (IF) as a protective lining and insulator.
Why Raghav’s product stands out?
Customized product, offering increased productivity and energy cost savings for end users, due to higher longevity of furnace lining.
Used in Induction Furnace (IF) based steelplants, foundries and casting units.End users of Silica Ramming Mass? 10 Years of Listing History
Capacity
Volume
Exports Volume
KMT
KMT
KMT
Ramming Mass Sales
₹ Crs.
EBITDA
PAT
₹ Crs.
₹ Crs.
36
29
1
20
5
1
72
46
3
22
6
3
72
71
5
35
10
6
144
108
8
55
13
8
144
131
13
66
15
9
180
116
16
62
15
9
180
144
27
96
25
18
180
175
50
129
36
25
288
184
61
129
40
26
414
257
77
194
54
37
414
332
80
254
75
55
Domestic Market Share
%
3.5%
5.1%
7.0%
9.8%
12.2%
11.4%
11.1%
10.3%
11.0%
12.0%
14.0%
10 Year CAGR
28%
28%
56%
32%
32%
45%
10 Yrs Average ROCE: 24% ROE: 19%
10 Yrs Cumulative PAT: ₹197 crs. CFO: ₹167 crs.
BSE SME IPO Mcap of ₹28 Crs
Collab with JWK Sweden for Product Development R&D
Fund Raise through
Preferential Issue from Marquee Investors
Market Cap
Crossed ₹1,000 Crs.
Set-Up of New Plant in Subsidiary
Undertaking ~30% capacity expansion at existing facilities
Broke Geographical Barriers - Entry into South/East Markets & Exports
Migration to BSE Main Board
Collaboration with IIT Bombay and
Recognition for in-house R&D by GoI
Tie up with
Capital Refractories, UK
for foundry sales
Grant of Indigenously Developed
Process Patent by GoI.
Became part of India’s Top 1,000 listed
companies by MCap
FY 2025FY 2026FY 2023FY 2024FY 2021FY 2022FY 2019FY 2020FY 2017FY 2018FY 2016 Way Ahead
Capacity Expansion
Brownfield expansion at existing plants and new plants at multiple locations
Multi-Location Manufacturing
Plants near key steel clusters to increase share in regional markets
Cross-Selling
Drive cross-sell opportunities of new refractory products, developed through R&D pipeline
Customer Base Expansion
Increasing domestic reach Exploring new export markets
Targeting 30% Market Share
Value-Add Silica Products
Leverage R&D to enter high- value silica markets (artificial marble, semiconductor crucibles)
Integration with Mine Owners
Cost optimization and uninterrupted supply of high quality raw material
Product Development
Continuously improving customer ROI, enabling ability to charge higher price
Foundry Segment Scale-Up
Increasing penetration through distribution network & global partnerships
Dual Impact Levers(Revenue + Margin)14% Current Market Share Inevitable Leadership
Price & Cost Leadership
Highest price, Lowest cost player in the industry. Premium value- add based pricing model, increasing realization every year
High Customer Retention
Given the extraordinary cost and productivity benefits, customer base is sticky and insensitive to price hikes
Data Driven R&D
In-house R&D lab recognized by DSIR. Data driven innovation with support from our Advisory Board comprising of global domain experts
Manufacturing Process
World’s first fully automated plant developed indigenously with patented process
Geographical Reach
India’s largest exporter covering 39 countries. Customers spread across 27 states despite plant location in Rajasthan
Productivity Enhancement
Customized product combined with unique on-site installation techniques significantly increases productivity for our customers
Customization + Innovation
Tailor-made solution based on client’s parameters - Only player in the industry with such capability
01020304050607 Key Updates
6 2 Y F
4 Q
6 2 Y F
SALES
EBITDA
PAT
VOLUME
Business Updates
Capacity Expansion
Capacity utilization during the 4th quarter was 87%
Delivered ROCE of 28% and CFO of ₹37crs in FY26.
Export growth muted due to Iran war related disruptions.
Entity
RPEL
Current
Addition
Updated
1,44,000
36,000
1,80,000
Exports resumed normalcy from April, customers absorbing higher freight costs.
RPSPL
2,70,000
84,000
3,54,000
Stack up of inventory in March, due to probable supply chain concerns.
Healthy customer addition led by successful trials; strong demand visibility.
Total
4,14,000
1,20,000
5,34,000
YoY₹ 75 Crs+40%YoY₹ 257 Crs+29%YoY332K MT+29%YoY₹ 55 Crs+48%YoY₹ 21 Crs+47%YoY₹ 71 Crs+39%YoY90K MT+38%YoY₹ 15 Crs+50% Rooted Locally, Reaching Globally
Pioneers in breaking geographical barriers Transformed a traditionally local business into a globally scalable model
Wide Spread Reach With plant located in Rajasthan, RPEL supplies to plants across the nation & internationally
Non-Linear Cost Benefits Despite high logistics costs, customers continue to prefer us given the non-linear cost benefits our products deliver.
1. Sri Lanka 2. Algeria 3. Nepal 4. Bhutan 5. Bangladesh 6. Indonesia 7. Taiwan 8. Saudi Arabia 9. Iraq 10. Oman
11. Qatar 12. United Arab Emirates 13. Djibouti 14. Ethiopia 15. Sudan 16. Uganda 17. Kenya 18. Tanzania 19. Rwanda 20. Burundi
21. Mozambique 22. Madagascar 23. South Africa 24. Angola 25. Democratic Republic of Congo 26. Nigeria 27. Benin 28. Togo 29. Ghana 30. Burkina Faso
31. Mali 32. Liberia 33. Senegal 34. Mauritania 35. Jordan 36. England 37. Libya 38. Armenia 39. Kuwait
Manufacturing Excellence
30+ ACRES LAND AREA | STATE OF THE ART FACILITY Cutting-edge manufacturing unit in Newai, Rajasthan, harnesses advanced technology for unmatched quality and efficiency.
HUB FOR INNOVATION AND R&D In-house R&D Lab stands as India’s sole government- approved facility of its kind. Pioneers tailor-made IF lining solutions that transformed the industry.
414K MTPA GROUP CAPACITY (being upgraded to 534K MTPA) Fully-automated processing and innovative crushing technology, ensuring consistent excellence.
NEXT-GENERATION AUTOMATION Proprietary plant design & patented manufacturing process. Fully automated with 6-stage QC process.
STRATEGIC LOCATION ADVANTAGE Located near world’s densest quartz reservoir, ensuring consistent access to high purity raw material.
Our Leadership Team
Mr. Sanjay Kabra Promoter, Chairman & Whole-time Director of RPEL, with 30+ years of experience. He leads the company’s expansion, operations, finances, and legal affairs, playing a key role in driving RPEL’s core team towards its strategic vision.
Mr. Rajesh Kabra
Promoter and Managing Director of RPEL, with 30+ years of experience in sales and marketing of ramming mass. He oversees marketing, promotion, R&D and product development. He also serves as Vice President of the All India Induction Furnace Association and is a member of CII & the Federation of Rajasthan Trade & Industry.
Mr. Raghav Kabra Promoter and CEO of RPSPL, having been involved in the business for 9+ yrs, he drives the company’s exports and new business segments to fuel future growth. He brings a strategic outlook shaped by his education at ISB Hyd and London Business School, and professional exposure at TRUST Group, Mumbai.
Mr. Bharat Tank President- Sales & Marketing, Mr. Tank brings over 35 years of experience in the steel industry. Previously, he spent over 2 decades at Electrotherm Ltd, playing a key role in its growth as India’s largest induction furnace manufacturer. He has also held senior management positions at BSRM, Bangladesh (World’s largest IF Based steel plant), SRJ Peety Steel, Jalna and Abyssinia Iron & Steel, Africa.
Our Eminent Board Members
INDEPENDENT DIRECTORS
ADVISORY BOARD
Mr. Jan W Kjellberg Sweden
Mr. Graham Cooper Australia
Director of JWK AB, Sweden and Ex-president of Svenska Silica, a world leader insilica manufacturing and once the most popular global silica ramming mass brandfor foundries. Assists RPEL in areas of production and R&D, offering invaluableinputs in areas of manufacturing, foundry-grade ramming mass & improvements insilica ramming mass. Also represents RPEL at exhibitions and conferences,facilitates technical discussions with customers and supports RPEL by visiting largecustomers and training them in the best practices while using ramming mass inlining installation.Possesses over 55 years of work experience in the induction furnace industry.Among his previous assignments, he has held the position of Managing Director ofone of the world’s largest induction furnace manufacturing companies. He helpsRPEL formulate business strategy and apprises the Company on the latestdevelopments in the steel and foundry industry.B. Tech in Metallurgical Engineering. Served as MD of TataSteel Ltd. and Chairman at TRL Krosaki (India’s largestRefractory company). Serving as Independent Director inAdani Enterprises, Igarashi Motors India & CromptonGreaves Consumer Electricals, etc. Mr. Hemant Madhusudan NerurkarA postgraduate in economics, he is an accomplishedbanker with 34+ years of rich experience at AllahabadBank. He has completed his term of office as the ExecutiveDirector of the Corporation Bank. Serving as IndependentDirector on the board of SK Finance Ltd.Mr. Amar Lal Daultani Former IAS officer and the 1st woman to top the All-India CivilServices Exam (1986). Holds a Bachelor’s of Science and Master’s in Psychology and Economics. Held key positions inMinistry of Fisheries, Home Affairs & Agriculture. Serving asIndependent Director in Star Health & Allied Insurance, AvivaLife Insurance, Birla Corporation & Paytm Payments Ltd.Ms. Rajni Sekhri SibalA Chartered Accountancy rank holder with over 22+ yrs ofexperience in corporate finance, capital markets, compliance,and taxation. He is the Founding Partner of Srujan AlphaCapital Advisors LLP, a SEBI-registered Category-I MerchantBanker.Mr. Govind Saboo Safe Harbour
This presentation has been prepared by Raghav Productivity Enhancers Limited (the “Company” or “RPEL”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefore. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice. This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward- looking statements, on the basis of any subsequent developments, information or events, or otherwise. This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The information contained in these materials has not been independently verified. None of the Company, its directors, promoters or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws.
THANK YOU
Corporate Office: 436, 4ᵗʰ Floor, Alankar Plaza A-10, Central Spine, Vidhyadhar Nagar, Jaipur, Rajasthan - 302003
CIN: L27109RJ2009PLC030511 Contact: +91 96600 22532 Email ID: cs@rammingmass.com Website: https://www.rammingmass.com/