Raviraj Process Control Ltd
vs. prev. close ₹72
52W High
₹72
52W Low
₹72
Market cap
₹83 Cr
IPO stage
No DRHP filed
CIN
U31904MH2019PLC319561
Price History
52W High
₹72
52W Low
₹72
About Raviraj Process Control Ltd
Raviraj Process Controls Limited is a small, founder-led process control equipment manufacturer posting strong revenue and profit growth in FY26. Its scale and single-promoter ownership structure mean investors should weigh its growth trajectory against limited disclosure history and continued reliance on promoter and secured bank financing.
Short Version :
Raviraj Process Controls Limited (formerly Raviraj Process Controls Private Limited), a Navi Mumbai-based process control equipment manufacturer promoted and majority-controlled by founder-director Ravi B Darira (52.49% holding), converted from a proprietorship business in 2022 and operates as a standalone entity with no subsidiaries, joint ventures or associates. Revenue from operations grew 21.23% to Rs 46.93 crore in FY26 (FY25: Rs 38.71 crore), with domestic sales (Rs 41.05 crore) making up roughly 88% of the total and exports (Rs 5.71 crore) the balance, while PAT grew faster at 25.03% to Rs 4.91 crore (FY25: Rs 3.93 crore). The company-stated EPS, computed on its disclosed weighted-average share basis (unchanged at 1.16 crore shares across both years), was Rs 4.25 in FY26 (FY25: Rs 3.40). On a closing-equity basis, Book Value per Share stood at Rs 30.79 (FY25: Rs 26.54) and Return on Equity at 13.80% (FY25: 12.81%).
Why It Trades Where It Does :
Raviraj Process Controls is a small, fast-growing, founder-led manufacturer with improving profitability and a steadily rising book value, but it remains an early-stage public company (only its 7th Annual Report) with a concentrated ownership base and a working-capital structure that still leans on promoter and bank financing secured by hypothecation and personal guarantee. Its valuation on the Priveq Marketplace likely reflects both the growth trajectory and a discount for its small scale, thin disclosure history, and the governance considerations that come with majority single-promoter control and ongoing related-party funding.
Top Risk :
The company relies on unsecured working-capital loans from founder-director Ravi Darira, with an outstanding balance of Rs 3.83 crore owed to him at FY26-end (down from Rs 7.22 crore at FY25-end), reflecting a continued dependency on promoter funding rather than purely institutional sources.
Short-term bank borrowings (overdraft and cash credit) rose 76.4% to Rs 7.94 crore in FY26, secured by hypothecation of book debts and inventory and backed by the director's personal guarantee, meaning the promoter's personal assets stand behind the company's working-capital facilities.
Ownership is concentrated with a single promoter, Ravi B Darira, holding 52.49% of the company, which can affect both governance dynamics and the free float available to minority investors.
The company does not pay a dividend and has stated it is retaining resources to fund growth, so minority shareholders currently see no direct cash return and depend entirely on book-value and earnings growth for returns.
As a small, recently-converted public company with limited multi-year disclosure history (this is only its 7th Annual Report), there is less of a track record to assess cyclicality, customer concentration or margin durability compared with more established Marketplace listings.
Top Opportunities :
Revenue grew 21.23% and PAT grew 25.03% in FY26, with profit before tax up 31.11%, reflecting strong operating momentum and improving profitability as the company scales.
EBITDA margin held broadly stable at approximately 21% even as the company absorbed a 39.8% rise in employee benefits expense, suggesting underlying operating leverage as revenue grows.
A modest and stable export mix (approximately 12% of revenue in both FY26 and FY25) indicates some diversification beyond the domestic market without over-reliance on export cyclicality.
The company's outstanding related-party director loan balance nearly halved year-on-year (from Rs 7.22 crore to Rs 3.83 crore), suggesting a gradual shift toward reducing promoter-funding dependency as the business generates more of its own cash.
Book value per share grew from Rs 26.54 to Rs 30.79 and Return on Equity improved from 12.81% to 13.80% in FY26, pointing to improving capital efficiency as the company reinvests retained earnings into the business.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Manufacturing
Founded
2019
Headquarters
Navi Mumbai, Maharashtra, India
Min Lot Size
1
Face Value
₹10.00
Shares Outstanding
1,15,56,800
Regulatory Information
Corporate Identity Number (CIN)
U31904MH2019PLC319561
PAN Number
AAJCR3594G
ISIN
INE0QXE01010
Key Valuation Ratios
Valuation
Market Cap
₹83.21 Cr
P/E Ratio
16.95×
P/S Ratio
1.77×
P/B Ratio
2.34×
EV / EBITDA
9.81×
Returns & Per Share
ROE
13.80%
EPS
₹4.25
Book Value / Share
₹30.80
Solvency
Debt / Equity
0.41×
Interest Coverage
7.27×
Company Fundamentals
As of FY2026 Annual · updated 09 Nov 2026Gross Profit
₹23.30 Cr
EBITDA
₹9.91 Cr
Revenue Growth
21.23%
Profit Margin
10.46%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.41×
EBITDA Margin
21.12%
Interest Coverage
7.27×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 23.38₹ Crore | 29.49₹ Crore | 41.54₹ Crore | 38.71₹ Crore | 46.93₹ Crore |
| Other incomeDisclosed | 7₹ Lakh | 19₹ Lakh | 27₹ Lakh | 1₹ Lakh | 26₹ Lakh |
| Total IncomeDerived | 23.45₹ Crore | 29.68₹ Crore | 41.81₹ Crore | 38.72₹ Crore | 47.19₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 14.72₹ Crore | 13.36₹ Crore | 20.39₹ Crore | 20.83₹ Crore | 23.63₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | -76₹ Lakh | 1.55₹ Crore | -83₹ Lakh | 2₹ Lakh | -53₹ Lakh |
| Employee benefits expenseDisclosed | 3.07₹ Crore | 4.46₹ Crore | 4.85₹ Crore | 5.09₹ Crore | 7.11₹ Crore |
| Finance costsDisclosed | 2.13₹ Crore | 1.13₹ Crore | 1.88₹ Crore | 1.34₹ Crore | 1.14₹ Crore |
| Depreciation and amortization expenseDisclosed | 56₹ Lakh | 28₹ Lakh | 1.25₹ Crore | 1.33₹ Crore | 1.62₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 3.82₹ Crore | 2.92₹ Crore | 5.47₹ Crore | 4.66₹ Crore | 7.05₹ Crore |
| Total ExpensesDerived | 23.54₹ Crore | 23.7₹ Crore | 33.01₹ Crore | 33.27₹ Crore | 40.02₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 1₹ Lakh | -2₹ Lakh |
| Profit before taxDerived | -9₹ Lakh | 5.98₹ Crore | 8.8₹ Crore | 5.46₹ Crore | 7.15₹ Crore |
| Current tax expenseDisclosed | 0₹ Crore | 1.63₹ Crore | 1.75₹ Crore | 1.37₹ Crore | 2.08₹ Crore |
| Deferred tax expenseDisclosed | 0₹ Crore | 9₹ Lakh | 49₹ Lakh | 16₹ Lakh | 16₹ Lakh |
| Tax expenseDisclosed | 0₹ Crore | 1.73₹ Crore | 2.24₹ Crore | 1.53₹ Crore | 2.24₹ Crore |
| Profit After TaxDerived | -9₹ Lakh | 4.25₹ Crore | 6.56₹ Crore | 3.93₹ Crore | 4.91₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Total Comprehensive IncomeDerived | -9₹ Lakh | 4.25₹ Crore | 6.56₹ Crore | 3.93₹ Crore | 4.91₹ Crore |
Balasubrahmanya Narayana Rao
Director
30+
Sonia Ravi Darira
Executive Directive
26+
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Current Price
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About Raviraj Process Control Ltd unlisted shares
Indicative · updated dailyRaviraj Process Control Ltd unlisted share price today
Raviraj Process Control Ltd unlisted share price today is ₹72 as of 12 November 2026.
Raviraj Process Control Ltd — frequently asked questions
- What is the grey market price for Raviraj Process Control Ltd?
No IPO is currently announced for Raviraj Process Control Ltd, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Raviraj Process Control Ltd filed for an IPO, and when might it list?
Raviraj Process Control Ltd has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Raviraj Process Control Ltd compare to its listed peers?
There is no closely comparable listed company for Raviraj Process Control Ltd in India today.
- Is Raviraj Process Control Ltd on the SME or Mainboard IPO track?
Raviraj Process Control Ltd has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Raviraj Process Control Ltd's CIN and registered office?
Raviraj Process Control Ltd's Corporate Identity Number is U31904MH2019PLC319561, registered at Navi Mumbai, Maharashtra, India.
- What is Raviraj Process Control Ltd's market capitalisation?
Raviraj Process Control Ltd's market capitalisation is approximately ₹83 crore, based on its current unlisted share price.
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