Key Metrics of Rashi Peripherals Limited
About Rashi Peripherals Limited
Company details
- Registered office
- Ariisto House, 5th Floor, Corner Of Telli Galli, Andheri East, Mumbai, In-mh, 400069
- Listed
- NSE: RPTECH Β· βΉ805.30
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
NoteLatest action: rating withdrawn (CARE, 07 Jan 2022)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 Jan 2022 | CARE | Withdrawn | A- | A2 | Positive | β | View |
| 17 Jun 2021 | CARE | Other | β | β | β | β | View |
| 09 Sep 2020 | CARE | Other | β | β | β | β | View |
| 06 Apr 2020 | CARE | Other | β | β | β | β | View |
| 05 Apr 2019 | CARE | Assigned | A- | A2 | Stable | βΉ991 Cr | View |
Credit strengths (CARE, Jan 2022)
β
Credit challenges
β Thin operating margins due to trading nature of business and highly competitive market conditions
Due to low value additive nature of the IT distribution business, the profitability of Rashi continues to remain thin. However, led by change in product mix coupled with higher early payment incentive, Rashiβs PBILDT margin improved to 3.36% during FY21, as compared to 2.39% in FY20. Working capital intensive business; albeit moderation was witnessed in utilisation of working capital facility due to improved collection efficiency
β Moderate capital structure
Overall gearing ratio has stood stable Y-o-Y at 1.36x and total outside liabilities to net worth has improved to 3.12x (vs 3.36x as on March 31, 2020) as on March 31, 2021, on account of higher accretion to reserves. Moreover, the interest coverage ratio improved to 6.59x during FY21 (vs PY: 2.54x) on account of substantial increase in PBILDT and decreased interest expense Y-o- Y, owing to better collections and decrease interest rates. Further overall gearing stood at 1.01x in H1FY22.
Could lead to an upgrade
ο· Total debt to GCA of less than 2.50x on sustained basis ο· PBILDT/ Interest coverage more than 6 times on sustained basis
Could lead to a downgrade
ο· PBILDT margin falling below 1.50%. ο· ROCE falling below 14%. ο· Operating cycle more than 50 days
Agency-reported financials (CARE, 07 Jan 2022)
| Metric | H1FY22 |
|---|---|
| Total operating income | βΉ4,373 Cr |
| PBILDT | βΉ166 Cr |
| PAT | βΉ100 Cr |
| Overall gearing (times) | 1.01Γ |
| Interest coverage (times) | 5.53Γ |
| EBITDA margin | 3.8% |
| Implied interest cost (EBITDA Γ· coverage) | βΉ30.02 Cr |
| PAT margin | 2.3% |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Facilities Action Long-term Bank Facilities [ Single A Minus | Working capital & bank lines | β | βΉ488 Cr | β | A- (Stable) | Assigned | CARE |
| ] Short-term Bank Facilities | Working capital & bank lines | β | βΉ8.00 Cr | β | A2 | Assigned | CARE |
| [A Two] Total Facilities (Rupees Four hundred ninety five crore seventy lakh only) Details of facilities in Annexure-1 | Other | β | βΉ496 Cr | β | β | Other | CARE |
CARE ratings on record (checked 22 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | β | Withdrawn |
| Long Term | β | Withdrawn |
Credit assessment Β· Manufacturing
Rating Methodology β Manufacturing Companies (Mar 2025) Β· Standalone accounts Β· FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None β standalone rating |
| Withdrawal | CARE Β· 07 Jan 2022 Β· Withdrawn (reason not stated in report) |
| Next action stable or better (model) | 35% |
| Information on file | 67% Β· missing: Capex / investment plans, Auditor details, Recent rating review (last 15 months) |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 41% chance the next rating action is stable or better
- CARE withdrew its ratings on 07 Jan 2022 β usually after the rated bank loans were repaid or moved to another lender
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.