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Stock Analysis

Description

Raunaq International Limited (formerly Raunaq EPC International) is engaged in engineering contracting and trading activities, serving sectors like power, chemical, hydrocarbon, metal, and automobile.

Key Growth Triggers

Strategic initiatives and focused operations led to a significant turnaround in FY 2024-25. The company highlighted securing a ₹16.80 Crore contract from Adani Power for a thermal power plant and a ₹15.40 Crore work order for the Mahan Ultra Supercritical Thermal Power Project.

Order Book

The company secured orders worth ₹16.80 Crore from Adani Power Limited and ₹15.40 Crore for the Mahan Ultra Supercritical Thermal Power Project in FY25.

Key Red Flags

An inquiry into Chairman and MD Surinder Paul Kanwar's citizenship status has been initiated due to an anonymous letter, with the company seeking independent legal opinions. This follows previous disclosures of mixed financial performance (strong H1 FY26, weak Q2 FY26) and other board changes.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

17th Apr 26

Impact Rating: 4

As per SEBI regulations, Raunaq International Limited's Registrar and Share Transfer Agent confirmed no demat requests were processed for the quarter ended March 31, 2026. The company has submitted this confirmation to the BSE.

25th Mar 26

Impact Rating: 5

The company's trading window will be closed for designated persons starting April 1, 2026, and will reopen 48 hours after the public announcement of its audited financial results for the quarter and year ending March 31, 2026.

24th Mar 26

Impact Rating: -

No description available.

24th Feb 26

Impact Rating: 6

Raunaq International Limited has regretfully announced the sudden demise of Mr. Sanket Jain, who was appointed as the company's Secretarial Auditor for a term spanning FY 2025-26 to FY 2029-30. The company is actively seeking a new Secretarial Auditor.

16th Feb 26

Impact Rating: -

No description available.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Larsen & Toubro	4167.80	35.63	573314.54	0.83	4678.01	15.63	67983.53	10.44	14.49	270722.51	12.67	16074.88	3926.09	5.68	4.98	1.32
2.	Rail Vikas	357.40	65.60	74518.72	0.48	230.52	-19.73	5122.97	5.52	14.72	20026.00	4.70	1135.41	230.29	7.79	6.40	0.52
3.	NBCC	116.05	46.93	31333.50	0.57	156.69	25.71	2910.20	18.99	33.17	12751.71	5.04	667.83	153.52	11.80	4.68	0.00
4.	IRB Infra.Devl.	42.36	29.28	25581.21	0.71	140.82	41.00	1751.02	10.42	7.82	8024.67	48.08	875.41	140.82	1.26	2.01	1.02
5.	Kalpataru Proj.	1178.35	24.51	20122.96	0.76	237.39	91.27	6528.57	32.43	15.95	25498.99	8.25	821.04	240.05	2.93	2.36	0.69
6.	KEC International	716.75	27.95	19079.86	0.76	160.75	88.21	6091.56	19.13	17.98	23335.94	7.26	683.11	160.75	3.38	2.75	0.94
7.	Ircon Intl.	177.35	27.66	16680.03	1.48	136.51	-32.68	1976.75	-19.23	11.60	9787.96	7.43	600.65	138.65	2.57	3.74	0.80
8.	Raunaq Intl.	53.39	7.15	17.86	0.00	0.83	144.12	9.58	124.88	15.05	33.85	2.60	2.50	0.83	1.89	8.11	0.32
–	Median: 116 Co.	133.32	18.62	527.46	0.0	9.21	23.05	149.57	10.73	18.3	510.67	12.79	31.74	9.16	2.27	6.93	0.44

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	1.37	1.68	3.75	0.37	2.41	9.51	1.09	1.06	11.01	1.49	0.64	4.26	9.58
Expenses	2.83	2.19	3.83	0.94	2.58	8.75	4.02	2.35	10.83	1.82	0.81	3.78	9.56
Operating Profit	-1.46	-0.51	-0.08	-0.57	-0.17	0.76	-2.93	-1.29	0.18	-0.33	-0.17	0.48	0.02
Other Income	0.37	0.08	0.34	0.73	0.41	0.63	0.22	0.11	0.12	2.15	0.58	-0.10	1.01
Profit before tax	-1.21	-0.46	0.24	0.07	0.15	1.31	-2.80	-1.21	0.25	1.61	0.37	0.36	0.93
Tax %	-51.24%	-8.70%	4.17%	42.86%	33.33%	32.06%	9.64%	-11.57%	-120.00%	27.33%	-2.70%	5.56%	9.68%
Net Profit	-0.59	-0.42	0.23	0.04	0.10	0.89	-3.08	-1.07	0.55	1.17	0.38	0.34	0.83
EPS in Rs	-1.76	-1.26	0.69	0.12	0.30	2.66	-9.21	-3.20	1.65	3.50	1.14	1.02	2.48

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	139.64	79.91	127.48	55.25	42.21	46.28	18.53	9.87	6.80	5.77	3.74	21.43	33.85
Expenses	127.56	73.37	117.46	52.36	43.56	53.51	44.75	12.89	11.59	9.57	5.52	20.83	32.97
Operating Profit	12.08	6.54	10.02	2.89	-1.35	-7.23	-26.22	-3.02	-4.79	-3.80	-1.78	0.60	0.88
Other Income	1.37	2.61	1.63	3.19	3.19	5.69	3.65	5.20	2.81	1.56	0.76	0.57	2.10
Interest	3.37	2.89	3.40	2.65	2.55	3.92	2.92	1.49	0.98	0.33	0.07	0.14	0.21
Depreciation	0.90	0.67	0.71	0.73	0.87	0.80	0.84	0.75	0.40	0.25	0.14	0.04	0.04
Profit before tax	9.18	5.59	7.54	2.70	-1.58	-6.26	-26.33	-0.06	-3.36	-2.82	-1.23	0.99	2.73
Net Profit	6.03	4.24	5.11	2.47	-0.99	-5.28	-29.22	-0.30	-3.31	-2.38	-1.07	1.22	2.50
EPS in Rs	18.04	12.68	15.28	7.39	-2.96	-15.79	-87.40	-0.90	-9.90	-7.12	-3.20	3.65	7.48
Dividend Payout %	6.65%	7.88%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34	3.34
Reserves	34.07	38.02	42.64	45.14	44.36	39.28	10.17	9.85	6.53	4.22	3.18	4.39	6.11
Borrowings	6.22	4.82	4.92	4.60	5.70	6.10	9.57	5.49	2.29	0.25	0.00	1.70	3.05
Other Liabilities	44.95	38.53	49.80	36.20	41.74	44.06	28.02	13.53	12.31	4.93	4.19	11.69	15.35
Total Liabilities	88.58	84.71	100.70	89.28	95.14	92.78	51.10	32.21	24.47	12.74	10.71	21.12	27.85
Fixed Assets	4.79	6.08	6.30	5.85	6.20	5.21	4.60	3.66	1.74	0.90	0.26	0.20	0.21
Gross Block	7.95	8.34	9.27	6.53	7.50	7.05	6.82	6.15	2.52	1.04	0.47	0.30	–
Accumulated Depreciation	3.16	2.26	2.97	0.68	1.30	1.84	2.22	2.48	0.78	0.15	0.21	0.10	–
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	13.35	13.35	16.35	18.27	19.81	19.87	7.83	3.52	3.39	2.67	2.62	1.70	3.28
Other Assets	70.44	65.28	78.05	65.16	69.13	67.70	38.67	25.03	19.34	9.17	7.83	19.22	24.36
Total Assets	88.58	84.71	100.70	89.28	95.14	92.78	51.10	32.21	24.47	12.74	10.71	21.12	27.85

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1.49	7.29	5.03	1.59	-2.74	3.41	-2.47	1.44	-0.53	1.17	-0.89	-0.97
Cash from Investing Activity	-0.46	0.61	-2.68	0.16	2.77	0.16	3.75	4.69	4.35	1.19	1.12	0.83
Cash from Financing Activity	-4.00	-4.75	-3.70	-3.45	-1.47	-3.53	-2.45	-5.59	-4.18	-2.37	-0.32	1.56
Net Cash Flow	-5.95	3.16	-1.35	-1.70	-1.45	0.04	-1.17	0.54	-0.37	-0.01	-0.10	1.41

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	69.19	132.23	103.68	252.56	239.53	186.60	503.87	174.18	354.26	136.64	192.26	149.03
Inventory Days	128.77	106.03	120.30	6.77	58.71	5.45	–	407.12	–	175.00	–	–
Days Payable	162.17	266.36	268.86	474.40	629.11	417.74	–	3,041.67	–	1,285.00	–	–
Cash Conversion Cycle	35.79	-28.09	-44.88	-215.08	-330.86	-225.69	503.87	-2,460.37	354.26	-973.36	192.26	149.03
Working Capital Days	13.49	24.62	20.10	12.82	-100.14	-120.98	-13.59	-103.55	-105.21	-27.83	-38.06	29.81
ROCE %	30.78%	16.41%	22.54%	10.39%	2.14%	-4.43%	-65.10%	6.99%	-16.60%	-20.33%	-14.10%	15.05%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	47.95%	47.95%	47.95%	47.95%	47.95%	52.29%	52.29%	52.29%	52.29%	51.69%	52.29%	52.29%
FIIs	–	–	–	–	–	–	–	–	–	–	–	–
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.07%	0.07%	0.07%	0.07%
Public	52.06%	52.05%	52.06%	52.06%	52.06%	47.73%	47.73%	47.72%	47.66%	48.26%	47.66%	47.65%

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Raunaq International confirms SEBI compliance for Q4 FY26, RTA reports no demat requests.

17th April 2026, 4:39 pm

Raunaq International Closes Trading Window Ahead of Financial Results

25th March 2026, 7:38 pm

Raunaq International Limited Announces Special Window for Dematerialisation of Physical Securities

24th March 2026, 10:13 pm

Raunaq International Ltd. Announces Demise of Secretarial Auditor

24th February 2026, 9:07 pm

Corporate Updates Flood Exchanges: Multiple Firms Announce Q3 Financial Results and Strategic Actions

16th February 2026, 6:18 pm

Published by Other Websites

External media mentions & references

Indian Markets Dip: Top Small-Caps Soar Amidst Mixed Sector Performance!

3rd December 2025, 4:28 pm

Raunaq International Seeks New Secretarial Auditor Following Auditor's Demise

News Articles

Editorial & research coverage

Indian Markets Dip: Top Small-Caps Soar Amidst Mixed Sector Performance!

3rd December 2025, 4:28 pm

Documents

Announcements

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

Intimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015

26 Dec - Appointment of Mr. Virender Pal Jain as Independent Director for five years w.e.f. Dec 26, 2025, approved via postal ballot.

Closure of Trading Window

Intimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015 Ref: Our Letter Dated 26 November, 2025

28 Nov 2025 - Board met 28 Nov 2025; anonymous letter questioned CMD Surinder Kanwar's citizenship; MCA involved; legal opinion sought.

Announcement under Regulation 30 (LODR)-Newspaper Publication

26 Nov 2025 - Copy of the "Notice of Postal Ballot to the members of the Company" published in the newspapers i.e. "Financial Express" (English) - Delhi Edition and …