Company Overview
Rashi Peripherals Limited reported strong financial performance for FY 2025-26 with significant growth across key metrics. The company achieved revenue from operations of ₹15,827.37 crore, representing 14.9% YoY growth from ₹13,772.73 crore in FY25. Profit After Tax showed remarkable growth of 52.8% to ₹282.35 crore, with PAT margin improving by 26 bps to 1.78%. Diluted EPS grew 30.4% to ₹41.18 per share, demonstrating consistent bottom-line improvement.
Operational Performance
The company distributed 618 million units through its expanded network of 701 locations across India, including 71 warehouses and 55 branches. Rashi Peripherals strengthened its brand portfolio to 78 global technology brands and served over 10,300 distribution partners. The business segments performed well, with Personal Computing, Enterprise & Cloud Solutions benefiting from multi-year refresh cycles, while Lifestyle and IT Essentials grew ahead of market expectations. The semiconductor business showed exceptional 131% YoY revenue growth on a small base.
Financial Position & Capital Structure
The balance sheet remained healthy with total assets of ₹50,985.52 million and total equity of ₹19,859.70 million. Net debt-to-equity improved significantly to 0.43x from 1.48x in FY23, reflecting strong financial discipline. Return on Capital Employed stood at 16.02% (23.04% improvement YoY) and Return on Equity at 14.99% (17.66% improvement). The company maintained a current ratio of 1.60 and held CRISIL AA-/Stable (long-term) and CRISIL A1+ (short-term) credit ratings.
Corporate Actions & Subsidiary Changes
The Board recommended a final dividend of ₹2 per equity share (40% of face value of ₹5), doubling from the previous year's ₹1 per share. The record date was fixed for August 14, 2026, with payment to be made within 30 days from AGM approval. The company disposed of its entire 51% stake in subsidiary ZNet Technologies Private Limited for ₹20 million on June 17, 2025, recognizing a gain of ₹30.14 million. New subsidiaries were incorporated including Rashi Semiconductor Solutions Private Limited and RP Tech Electronics Limited, with step-down subsidiaries established in Dubai and Singapore.
Management & Governance Changes
Significant management changes included the appointment of Mr. Rajesh Goenka as Whole-time Director and CEO effective February 3, 2026, and Dr. Indumati Gopinathan as Independent Director. Mr. Arvind Bajoria was appointed as Company Secretary & Compliance Officer effective November 8, 2025. The company received unmodified audit opinions from statutory joint auditors Deloitte Haskins & Sells LLP and Pipara & Co LLP.
Thirty-Seventh Annual General Meeting
The 37th AGM is scheduled for September 9, 2026, to be conducted via video conferencing. Agenda items include adoption of financial statements, declaration of dividend, re-appointment of directors, revision of managing director remuneration, enhancement of borrowing limits to ₹5,000 crores, and re-appointment of statutory auditors.
Strategic Initiatives & Future Outlook
Key initiatives during FY26 included expansion into emerging technology segments (AI, enterprise infrastructure, embedded solutions), conducting 8-city AI Bootcamps engaging 2,500+ developers, participation in Electronica India 2025, and launching an E-Waste Management App. CSR spending amounted to ₹32.16 million focused on education, healthcare, and rural development. The company outlined five priority areas for future growth: AI-powered PCs, data centers, semiconductors, software/cybersecurity, and managed services, with plans to expand into Tier-II and Tier-III markets while maintaining consistent growth trajectory.