Raviraj Process Controls Ltd

Indicative price history

Key highlights

• FY24 revenue ₹41.53 Cr and PAT ₹6.54 Cr (DRHP summary); ~16% net margin.
• 1,15,56,800 shares of ₹10; UnlistedZone ₹72 (30 Jun 2026, lot 2,000, 52w ₹72–₹85) implies about ₹83 Cr, 12.7x earnings.
• BSE SME DRHP filed 10 Jul 2024 with Ekadrisht Capital; no listing followed.
• wwipl last traded ₹55 (Nov 2025) — wide dealer spread.

About Raviraj Process Controls

Raviraj Process Controls Limited manufactures custom-made temperature sensors — thermocouples, resistance temperature detectors (RTDs), thermowells and sensor assemblies — and industrial heating products such as anti-condensation (space) heaters for motors, switchgear and panels. The company, founded in 2008 by Ravi Bansilal Darira, serves electrical-equipment, process, power and automation customers from Pune, Maharashtra. Its own profile describes it as a top manufacturer of custom temperature sensors and anti-condensation heaters; the product mix and customer concentration below are indicative because the DRHP itself is blocked from this sandbox.

The company filed a draft red herring prospectus with the BSE SME platform on 10 July 2024 with Ekadrisht Capital as merchant banker. The pre-issue capital was 1,15,56,800 equity shares of ₹10 (about 1.16 Cr shares, paid-up ₹11.56 Cr). Public IPO trackers show no issue price, dates or listing, so the offer appears not to have launched within the draft's validity; the shares instead trade in the unlisted market under ISIN INE0QXE01010. Whether a fresh filing is planned is not known.

Restated financials summarised by an IPO analysis site put FY24 revenue at ₹41.53 Cr (an annualised figure in that summary) and profit after tax at ₹6.54 Cr — a net margin near 16%, high for a sensor maker and consistent with a custom, low-volume product mix. Earlier years were not retrievable; the FY23 column in the table below is an estimate at roughly 80% of FY24 and the balance-sheet and cash-flow lines in both years are estimates built around the reported revenue, profit and share count.

At UnlistedZone's indicative ₹72 (as of 30 June 2026; lot 2,000; 52-week range ₹72–₹85) the 1.16 Cr shares are worth about ₹83 Cr — roughly 12.7x FY24 earnings and 2x FY24 sales. wwipl's last traded price was ₹55 (18 November 2025), so the dealer spread is wide and the market thin; the UnlistedZone level is used here as the user requested. A ₹6.5 Cr profit on an ₹83 Cr valuation would be cheap for a listed sensor maker, but the IPO that failed to launch, the lack of audited detail and the 2,000-share lot are the trade-offs.

Verification status (10 Oct 2026): ISIN, rate, lot and 52-week range are UnlistedZone figures from search snippets; the DRHP date, merchant banker, pre-issue share count and FY24 revenue/PAT come from IPO-tracker summaries of the DRHP (ipoplatform, chittorgarh); the founder and product description come from the company's IndiaMART profile. CIN, incorporation date (year only, from the company profile), registered-office address, directors' DINs, FY23 figures, balance-sheet lines and shareholding are not verified and are marked as estimates. Confirm the registry record on MCA before relying on this page.

Where the revenue comes from

• Temperature sensors60%

  Thermocouples, RTDs, thermowells and assemblies (share estimated)

• Anti-condensation and industrial heaters30%

  Space heaters for motors, switchgear and panels (share estimated)

• Accessories and services10%

  Cables, connectors, calibration (share estimated)

Products & services