Raghunath International Ltd (526813)
🎯 Key Takeaways
- Raghunath International Ltd appears to be in a dormant or non-operational phase, with no revenue or operating profit reported in recent quarters despite consistent balance sheet growth in equity and reserves. The company has not generated meaningful financial activity since at least September 2025, with revenue dropping to zero by June 2026.
- ⚠️ 1) Persistent lack of revenue and operational activity raises concerns about the company’s viability as a going concern. 2) Absence of management comm
📖 The Story
Raghunath International Ltd appears to be in a dormant or non-operational phase, with no revenue or operating profit reported in recent quarters despite consistent balance sheet growth in equity and reserves. The company has not generated meaningful financial activity since at least September 2025, with revenue dropping to zero by June 2026. Management has not provided forward guidance, and there are no active business operations reflected in financials or commentary.
📰 What's Happening
The most recent filing, Q1FY27 results filed in July 2026, shows zero revenue and operating profit, continuing a trend from Mar 2026 and Dec 2025. Earlier, in Q3FY26 (Dec 2025), the company reported ₹1 crore revenue and ₹1 crore net profit, suggesting a brief period of activity that has since ceased. No new orders, expansions, or strategic initiatives were disclosed in any of the filings. There has been no change in promoter holding or management commentary since FY26.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 1 | 0 | 0 | 0 |
| Operating Profit | 1 | -0 | -0 | -0 |
| OPM % | 75.3% | — | — | — |
| Net Profit | 1 | 0 | 0 | 0 |
| EPS | ₹1.40 | ₹0.29 | ₹0.21 | ₹0.28 |
Revenue has declined sharply from ₹1 crore in Q3FY26 to ₹0 in all subsequent quarters, with operating profit and net profit also falling to zero. This suggests the company’s prior operational activity was either one-time or unsustainable, and no new revenue streams have been activated. The absence of any business updates or management discussion around recovery or restructuring indicates a lack of operational momentum.
🔮 Management Outlook & What's Next
There is no available forward guidance or management commentary on future expectations in the latest filing. Previous management statements do not reference any recovery plans, new projects, or timelines for restarting operations. The company has not provided any outlook on revenue generation or margin improvement in any of the recent filings.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 |
| Reserves | 11 | 11 | 12 | 12 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 17 | 18 | 19 | 19 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 5 | 5 | 5 | 5 |
| Total Assets | 17 | 18 | 19 | 19 |
The balance sheet remains stable with no debt and modest growth in equity and reserves, indicating no capital expenditure or financing activity. Total assets have increased slightly over the past two years, but this is likely due to revaluation or accounting adjustments rather than operational investment. There is no evidence of reinvestment in business activities, suggesting capital is not being deployed for growth.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +0 |
| Investing | -0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 41.2% | 41.2% | 41.2% | 41.2% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 55.7% | 55.8% | 55.5% | 55.5% |
| # Shareholders | 9,079 | 9,071 | 9,065 | 8,963 |
Promoter holding remains steady at 41.21% with no pledging or sale signals. FII and DII holdings are consistently zero, and public shareholding has slightly declined over the past year, indicating limited institutional or retail interest. The shareholder base remains fragmented with over 8,900 shareholders, but there is no evidence of activist or strategic investor accumulation.
⚖️ Peer Comparison — Realty
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| DLF | 1.67 L Cr | 37.6 | 6.5% | 5.6% | 0.00 |
| LODHA | 1.19 L Cr | 28.9 | 17.9% | 17.7% | 0.42 |
| OBEROIRLTY | 68,357 | 25.8 | 17.8% | 14.7% | 0.16 |
| PHOENIXLTD | 67,487 | 52.7 | 16.6% | 15.6% | 0.45 |
| PRESTIGE | 67,474 | 59.2 | 10.4% | 7.8% | 0.92 |
| GODREJPROP | 59,760 | 37.3 | 6.6% | 8.3% | 0.82 |
| PFOCUS | 22,258 | 186.1 | 13.7% | 19.1% | 5.39 |
| ANANTRAJ | 21,141 | 35.6 | 11.1% | 9.9% | 0.10 |
| BRIGADE | 21,057 | 24.5 | 10.9% | 11.5% | 0.90 |
| ABREL | 15,177 | — | -4.5% | -3.3% | 1.52 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent lack of revenue and operational activity raises concerns about the company’s viability as a going concern. 2) Absence of management commentary or strategic direction suggests possible stagnation or delisting risk. 3) High promoter concentration without institutional interest may limit governance scrutiny or liquidity. 4) No disclosed plans for revival or asset monetization increase uncertainty around future cash flows.
📋 Recent Filings
-
🟡 Board Meeting 1 September 2026Raghunath International Limited announced the outcome of its board meeting held on September 1, 2026, where it approved the annual report, appointed N...
-
🟡 Board Meeting 1 September 2026Raghunath International announced the board's approval of Mr. Sunil Singh's appointment as an Additional Independent Director effective September 1, 2...
🧠 Analyst's Read
The company appears to be non-operational with no visible path to revenue generation or value creation. Investors should monitor for any disclosure of restructuring, asset sale, or delisting plans, but currently, there are no catalysts or forward-looking statements to base an investment thesis on.
Based on filing content and financial data. Not a recommendation.
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
📡 Get AI alerts for your stocks — summarized by AI daily
Set up your AI Radar — pick stocks, get daily email summaries of new filings.
Set up AI Radar — FreeFree account · 2 AI queries/day
© 2026 StockFin.ai — AI-powered Indian stock research
About · Privacy Policy · Terms of Service · Pricing
Today's Announcements · Screener · Insights · AI Chat
Data provided by CMOTS Internet Technologies Pvt Ltd