Raasi Refractories Limited.
BSE: RASSIREF · Industrial Products
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Snapshot
Unlock Raasi Refractories Limited.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Raasi Refractories Limited manufactures and markets a diverse range of refractory products, including high alumina bricks, fireclay bricks, and castables. These products are essential for lining high-temperature equipment in core infrastructure sectors such as steel, cement, glass, and petrochemicals.
Business Model
The company generates revenue by supplying heat-resistant refractory solutions to heavy industrial clients for use in furnaces, kilns, and reactors. It operates a manufacturing facility in Nalgonda, Telangana, to serve its domestic customer base.
- Establishment Year:1981
Management Commentary
Management continues to navigate the company through historical financial challenges and past insolvency proceedings. The focus remains on maintaining the company's standing as a recognized provider of refractory solutions within the domestic market.
Growth Outlook
Growth is contingent upon the sustained demand from core infrastructure sectors like steel and cement, which require consistent refractory maintenance. Future performance will depend on the company's ability to stabilise operations and manage its financial obligations.
Key Risks
- Financial Instability. The company has a history of insolvency proceedings, which may impact its ability to secure working capital and maintain operational continuity.
- Cyclical Industry Exposure. Demand for refractory products is highly dependent on the cyclical performance of heavy industries such as steel and cement.
- Raw Material Price Volatility. Fluctuations in the cost of raw materials used in refractory manufacturing can significantly compress profit margins.
- Intense Competition. The refractory market is highly competitive, with numerous domestic and international players vying for market share.
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Peers · Industrial Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Raasi Refractories Limited.RASSIREF | ₹9 Cr | — | — | — | -1.8% | — | — | -29.9% |
United Drilling Tools LimitedUNIDT | ₹438 Cr | 21.36 | 12.17 | 26.4% | 19.7% | 7.5% | 11.3% | +6.8% |
BatliboiBATLIBOI | ₹417 Cr | 24.36 | 14.32 | 29.5% | 7.5% | 6.6% | 7.7% | -14.0% |
True ColorsTRUECOLORS | ₹374 Cr | — | — | — | 15.0% | — | — | — |
FluidomatFLUIDOM | ₹365 Cr | 17.36 | 12.99 | 0.4% | 38.7% | 23.8% | 31.3% | -22.1% |
Cospower Engineering LimitedCOSPOWER | ₹346 Cr | — | — | — | 12.6% | — | — | +165.4% |
As of Mar 2026
Financials
Raasi Refractories Limited.
BSE: RASSIREF · Industrial Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Raasi Refractories Limited.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Raasi Refractories Limited manufactures and markets a diverse range of refractory products, including high alumina bricks, fireclay bricks, and castables. These products are essential for lining high-temperature equipment in core infrastructure sectors such as steel, cement, glass, and petrochemicals.
Business Model
The company generates revenue by supplying heat-resistant refractory solutions to heavy industrial clients for use in furnaces, kilns, and reactors. It operates a manufacturing facility in Nalgonda, Telangana, to serve its domestic customer base.
- Establishment Year:1981
Management Commentary
Management continues to navigate the company through historical financial challenges and past insolvency proceedings. The focus remains on maintaining the company's standing as a recognized provider of refractory solutions within the domestic market.
Growth Outlook
Growth is contingent upon the sustained demand from core infrastructure sectors like steel and cement, which require consistent refractory maintenance. Future performance will depend on the company's ability to stabilise operations and manage its financial obligations.
Key Risks
- Financial Instability. The company has a history of insolvency proceedings, which may impact its ability to secure working capital and maintain operational continuity.
- Cyclical Industry Exposure. Demand for refractory products is highly dependent on the cyclical performance of heavy industries such as steel and cement.
- Raw Material Price Volatility. Fluctuations in the cost of raw materials used in refractory manufacturing can significantly compress profit margins.
- Intense Competition. The refractory market is highly competitive, with numerous domestic and international players vying for market share.
Start your research today
Unlock AI insights, financials, peers and live data on Raasi Refractories Limited. and 5,000+ companies — free.
Peers · Industrial Products
As of Mar 2026