ANNUAL REPORT 2025 FILED WITH BSE PRIOR TO DISPATCH TO SHAREHOLDERS FOR 31ST AGM TO BE HELD ON 29.09.2025
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Rasi Electrodes, a Chennai-based manufacturer of welding electrodes and CCMS wire, filed its Annual Report for FY25 ahead of the 31st AGM scheduled for 29 September 2025 via video conferencing. Net sales declined marginally by 2.84% to Rs 8,144.18 lakhs from Rs 8,382.74 lakhs in FY24, attributed to lower raw material (steel rod) prices. Profit after tax fell 14.55% to Rs 273.76 lakhs from Rs 320.40 lakhs in FY24, though the company maintained profitability. No dividend was recommended for the second consecutive year to preserve working capital. Production volumes rose for welding electrodes (1,951 MTs vs 1,921 MTs) and CCMS wire (4,685 MTs vs 4,277 MTs). The statutory auditor and secretarial auditor both issued un-modified opinions. ICRA reaffirmed its BB+ (Stable) credit rating on fund-based limits and A4+ on non-fund based facilities.
Shareholders will see slightly weaker top-line and bottom-line numbers but the company remains profitable and has grown retained earnings to Rs 1,882.61 lakhs. The continued no-dividend stance means income-seeking investors get no payout, while the sub-investment grade credit rating reflects the small-cap MSME risk profile.