Regaal Resources Ltd

NSE: REGAAL BSE: 544485

regaal Resources Limited (RRL) is a leading agro-processing company in India, specialising in the manufacturing of maize starch, speciality starches, food-grade starches, and starch derivative products.

₹75.4

52W: ₹57.3 — ₹146

PE 14 · Book ₹44.6 · +69% vs book

Market Cap₹774 Cr

Stock P/E14Price to Earnings

ROCE16.2%Return on Capital

ROE25.2%Return on Equity

Div. Yield0%Face Value ₹5

Strengths

+Company has delivered good profit growth of 39.1% CAGR over last 5 years
+Promoter holding has increased by 0.87% over last quarter.

Weaknesses

−Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters71.32%

FIIs0.33%

DIIs2.82%

Public25.52%

Category	Sep 2025	Dec 2025	Mar 2026
Promoters	70.45%	70.45%	71.32%▲0.9
FIIs	1.52%	1.21%▼0.3	0.33%▼0.9
DIIs	5.4%	3.75%▼1.7	2.82%▼0.9
Public	22.62%	24.58%▲2.0	25.52%▲0.9

Financial Statements

Metric	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	195	205	257	259	247	320	323
Expenses	171	173	226	232	222	285	288
Operating Profit	24	31	31	27	24	35	35
OPM %	12%	15%	12%	10%	10%	11%	11%
Net Profit	9	13	14	11	9	17	13
EPS ₹	9.58	13.65	1.73	1.36	1.1	1.63	1.29

AI Insights

Revenue Trend

TTM revenue at ₹1,148Cr, up 25.5% YoY. OPM at 11%.

Debt Position

Borrowings at ₹498Cr. Debt-to-equity ratio: 1.22x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹247Cr (66% of fixed assets). Significant capex underway — growth runway building.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 16% (Mar 2025). Working capital days: 15.

Valuation

PE 14x with 16.2% ROCE. Price is 69% above book value of ₹44.6. Dividend yield: 0%.