Rasi Electrodes
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Rasi Electrodes Ltd.'s board on Wednesday approved the sale of a vacant land parcel in Manjankaranai village, Tiruvallur district, Tamil Nadu, for a total consideration of ₹300 lakh to an unrelated buyer. The property measures 2.277 acres and comprises several survey numbers held in the company's name. The board took on record the shareholder consent obtained through a postal ballot on June 29, 2026, and the prior evaluation by the audit committee. The company will execute an agreement for sale with the identified purchaser as per the agreed terms and will file a separate material event disclosure under SEBI's LODR regulations.
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Rasi Electrodes Ltd.'s board on Wednesday approved the sale of a vacant land parcel in Manjankaranai village, Tiruvallur district, Tamil Nadu, for a total consideration of ₹300 lakh to an unrelated buyer. The property measures 2.277 acres and comprises several survey numbers held in the company's name. The board took on record the shareholder consent obtained through a postal ballot on June 29, 2026, and the prior evaluation by the audit committee. The company will execute an agreement for sale with the identified purchaser as per the agreed terms and will file a separate material event disclosure under SEBI's LODR regulations.
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Rasi Electrodes Ltd. will hold a board meeting on July 16, 2026 to consider proposals and decide on the sale of a landed property, the company informed the stock exchange on Thursday. Shareholders had previously approved the divestiture under Section 180 of the Companies Act at a meeting on June 29, 2026. The board will now evaluate offers and select a buyer, potentially unlocking value from the company’s real estate holdings. The trading window remains closed pending the announcement of quarterly results, and the company categorized the land sale as unpublished price-sensitive information.
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Rasi Electrodes Ltd. will hold a board meeting on July 16, 2026 to consider proposals and decide on the sale of a landed property, the company informed the stock exchange on Thursday. Shareholders had previously approved the divestiture under Section 180 of the Companies Act at a meeting on June 29, 2026. The board will now evaluate offers and select a buyer, potentially unlocking value from the company’s real estate holdings. The trading window remains closed pending the announcement of quarterly results, and the company categorized the land sale as unpublished price-sensitive information.
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What does Rasi Electrodes do?
Rasi Electrodes Ltd manufactures MMAW electrodes and markets welding consumables under the brand name of Rasi. They offer a wide range of welding solutions including various types of welding alloys, wires, and machines.
Who are the competitors of Rasi Electrodes?
Rasi Electrodes major competitors are Mahavir Industries, Classic Electrodes, Royal Arc Electrodes, Panasonic Carbon Ind, D&H India, De Nora India, GEE. Market Cap of Rasi Electrodes is ₹39 Crs. While the median market cap of its peers are ₹223 Crs.
Is Rasi Electrodes financially stable compared to its competitors?
Rasi Electrodes seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Rasi Electrodes pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Rasi Electrodes latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Rasi Electrodes allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Rasi Electrodes balance sheet?
Balance sheet of Rasi Electrodes is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Rasi Electrodes improving?
The profit is oscillating. The profit of Rasi Electrodes is ₹3.51 Crs for TTM, ₹2.74 Crs for Mar 2025 and ₹3.2 Crs for Mar 2024.
Is the debt of Rasi Electrodes increasing or decreasing?
The net debt of Rasi Electrodes is decreasing. Latest net debt of Rasi Electrodes is -₹10.95 Crs as of Mar-26. This is less than Mar-25 when it was -₹9.24 Crs.
Is Rasi Electrodes stock expensive?
Rasi Electrodes is not expensive. Latest PE of Rasi Electrodes is 11.15, while 3 year average PE is 20.27. Also latest EV/EBITDA of Rasi Electrodes is 7.76 while 3yr average is 15.97.
Has the share price of Rasi Electrodes grown faster than its competition?
Rasi Electrodes has given lower returns compared to its competitors. Rasi Electrodes has grown at ~-31.38% over the last 1yrs while peers have grown at a median rate of -10.0%
Is the promoter bullish about Rasi Electrodes?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Rasi Electrodes is 27.96% and last quarter promoter holding is 27.96%.
Are mutual funds buying/selling Rasi Electrodes?
There is Insufficient data to gauge this.