Rashi Peripherals Ltd
NSE:RPTECH
Rashi Peripherals Ltd
Rashi Peripherals Ltd is a IN-based company operating in Electronic Equipment, Instruments & Components industry. The company is headquartered in Mumbai, Maharashtra and currently employs 1,322 full-time employees. The company went IPO on 2024-02-14. Rashi Peripherals Limited is an India-based value-added national distribution partner for global technology brands for information and communications technology (ICT) products. With a pan-India distribution network of approximately 50 branches, 50 service centers and 63 warehouses, the Company caters to technology requirements of approximately 8407 customers in 680 locations across India. The company primarily operates two verticals: Personal Computing, Enterprise and Cloud Solutions (PES), and Lifestyle and IT essentials (LIT). The firm is a distribution partner of 52 global technology brands in India. Along with conventional distribution, it offers value-added support, such as pre-sale activities, solution design, technical support, credit support and warranty management services. Its brands and services include AETINA, COLORFUL, Cornelis Networks, DELL, Eaton, ECS, Elmos Semiconductor, FITBIT, FUJITSU, GOOGLE, HP, Intel, JBL and others.
Rashi Peripherals Ltd is a IN-based company operating in Electronic Equipment, Instruments & Components industry. The company is headquartered in Mumbai, Maharashtra and currently employs 1,322 full-time employees. The company went IPO on 2024-02-14. Rashi Peripherals Limited is an India-based value-added national distribution partner for global technology brands for information and communications technology (ICT) products. With a pan-India distribution network of approximately 50 branches, 50 service centers and 63 warehouses, the Company caters to technology requirements of approximately 8407 customers in 680 locations across India. The company primarily operates two verticals: Personal Computing, Enterprise and Cloud Solutions (PES), and Lifestyle and IT essentials (LIT). The firm is a distribution partner of 52 global technology brands in India. Along with conventional distribution, it offers value-added support, such as pre-sale activities, solution design, technical support, credit support and warranty management services. Its brands and services include AETINA, COLORFUL, Cornelis Networks, DELL, Eaton, ECS, Elmos Semiconductor, FITBIT, FUJITSU, GOOGLE, HP, Intel, JBL and others.
Revenue Growth: Rashi Peripherals delivered standout Q3 results with consolidated revenue up 43% year-over-year, driven evenly by both higher volumes and price increases.
Profit Surge: Net profit for Q3 rose 132% year-over-year, with margins improving due to strong execution and favorable market conditions.
Component Shortages & Pricing: The company managed supply constraints and sharp component price hikes (notably RAM, up 2x-3x), benefiting from both inventory planning and higher average selling prices.
Outlook: Management expects unit volumes to be flat in upcoming quarters, but rising prices should continue to drive revenue growth. No major project revenues contributed this year, unlike last year.
Working Capital & Cash Flow: Rashi generated positive operating cash flow and maintained stable working capital cycles, but does not expect major reductions versus peers due to industry differences.
Margins & Guidance: Distribution margins are largely fixed as a percentage, but higher ASPs are boosting per-unit profitability. Management expects recent margin trends to continue.
Strategic Expansion: Continued network expansion with a new branch and strengthening of product/AI offerings; Dell distribution ramp-up expected in coming quarters.
