Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250 and 5.7 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rapicut Carbides reported audited FY25 results showing a sharp decline. Revenue from operations fell to ₹4,198.64 lakhs from ₹6,015.81 lakhs in FY24, a drop of around 30%. The company swung from a profit after tax of ₹49.04 lakhs in FY24 to a loss of ₹232.58 lakhs in FY25, with EPS turning negative at ₹(4.33). Operating cash flow turned sharply negative at ₹(390.32) lakhs versus a positive ₹290.16 lakhs last year. Short-term borrowings jumped from ₹124.98 lakhs to ₹670.62 lakhs, and total equity eroded from ₹2,190.13 lakhs to ₹1,958.27 lakhs. The statutory auditors (KC Mehta & Co LLP) issued an unmodified opinion. The Board also approved the appointment of new Secretarial and Internal Auditors, accepted the resignation of Chairman Dhananjay D Kanitkar, and appointed Managing Director Abhishek V Gami as the new Chairman effective 16th May 2025.
Negative – the company moved from profit to loss on a ~30% revenue decline, burned cash from operations, and significantly increased borrowings, raising concerns about short-term financial health. Leadership change at the top is a key watchpoint for strategy continuity.