Rappid Valves India Ltd(RAPPID)

NSE: RAPPID

₹ 350+0.19%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 182 crUpdated: 24 Oct 2026

About

Rappid Valves India Ltd makes industrial and marine valves under the "Rappid" brand, and valves make up 100% of its revenue. It makes them at its Palghar, Maharashtra facility for sectors including hydrocarbon, marine, shipbuilding, chemical and power. Revenue was Rs 53.23 crore in FY26. Marine and shipbuilding made up about 33% of revenue in FY26, compared with 0.5% in FY23.^[1][2]

Revenue mix by end-market

Shipbuilding & Repair was 24.51% of revenue in FY26, up from 10.32%.^[3]
Direct marine sales fell to 8.34% of revenue in FY26 from 28.07%. Combined marine and shipbuilding exposure was about 33% in FY26, compared with 0.5% in FY23.^[3]
EPC & OEM fell to 14.89% of revenue in FY26 from 28.66%.^[3]
Valves and fittings are the company's single reported segment (FY25 annual report).^[1]

Products

The range covers ball, gate, globe, butterfly, check, double block, strainer and marine valves, in sizes from 15mm to 600mm (FY25 annual report).^[1]
Specialised products include top entry ball valves, trunnion mounted valves, quick closing valves and automated valves (FY25 annual report).^[1]
In FY26 the company developed large Nickel Aluminium Bronze globe valves in 450 mm and 550 mm sizes for the Fleet Support Ship project, plus a new marine butterfly valve series.^[3]
The company supplies valves with manual operation and with all four main types of actuation used by shipyards and defence (Q4 FY26 call).^[3]
Certifications include IBR, ISO 9001:2015, ISO 14001:2018, ISO 45001:2018, API 607 fire-safe and marine type approvals; the FY25 annual report notes Type Approval Certificates awarded for various marine valves.^[1]

Manufacturing and capacity

The Palghar (East), Thane, Maharashtra site covers over 32,000 sq. ft. and has CNC machines, VMCs, test benches and EOT cranes (FY25 annual report).^[1]
Installed capacity is 29,625 units, as stated on the Q3 FY26 call.^[4]
Capacity utilisation was 85% in FY26.^[3]
Management said in the Q4 FY26 call that the existing facility can support up to Rs 120 cr of revenue, naming machining and testing time, not floor space, as the bottleneck.^[3]

Order book and orders

The executable order book was about Rs 40 crore in Q1 FY27, up about 60% year on year, with a further ~Rs 11 crore of customer confirmations awaiting formal purchase orders.^[5]
Order inflow was Rs 29.85 crore in Q1 FY27, from three Indian Navy Fleet Support Ship orders: BHEL Rs 18.05 Cr, Shree Refrigerations Rs 8.55 Cr and Muller-BBM Rs 3.25 Cr.^[5]
The order book was Rs 42 cr as of June 2026, of which Rs 33 cr was backed by purchase orders; bid opportunities of a further Rs 30-40 cr were pending.^[3]
Order bookings were Rs 27 Cr in Q3 FY26, against tenders quoted of Rs 90 Cr.^[4]

Customers

The company is a registered vendor with the shipyards HSL, L&T Shipbuilding, MDL, CSL, GSL and Hooghly Shipyard, and targets PSU shipyard orders (FY25 annual report).^[1]
Customers named in the FY25 annual report include JSW Shipping, Kirloskar Pneumatic, IFFCO, BHEL, JSPL and Bokaro Steel.^[1]
New customers named on the Q4 FY26 call include Heinen & Hopman, Shree Refrigerations, MBBM Muller Acoustic, Flakt Samsung and GAIL.^[3]
Repeat customers accounted for 75% in FY26.^[3]
The FY25 annual report says the company is pursuing orders from renewable energy companies for upcoming CNG projects.^[1]

Expansion and capex

In Q1 FY27 the company placed purchase orders and released advances for 2 vertical machining centres and 6 hydraulic testing benches.^[5]
Management said in the Q4 FY26 call that no material capex is planned for FY27 beyond about Rs 1.25 cr of machines already committed.^[3]
Management said in the Q4 FY26 call it is exploring a move back into foundry work or an allied business, using about Rs 4 cr of undeployed IPO funds; no target had been identified yet.^[3]

International business

On 22 Sep 2026 the company reported reaching the final qualification stage to make stainless-steel ball valves for a US-based global company under UL certification, with Palghar designated as the manufacturing site.^[6]
The FY25 annual report stated a plan to start contract manufacturing for export customers by November 2025.^[1]
In Q1 FY27 the company took part in the Valve World Expo to reach global industrial and marine valve customers.^[5]
Management said on the Q4 FY26 call that lab tests for a data-centre cooling customer in Pennsylvania, US were nearing completion before contract signing.^[3]

Stated risks

The FY25 annual report names metal price volatility, price-based import competition in marine valves, and high dependence on a single promoter as risks.^[1]

Market Cap

₹182 Cr

High / Low

₹379 / 207

Stock P/E

26.5

Price / Book

3.5

Book Value

₹100

EPS

₹12.5

No. of Shares

0.52 Cr

ROCE

16.2%

ROE

13.4%

OPM

18.7%

Debt / Equity

0.34

Sales

₹53 Cr

Net Profit

₹6 Cr

Promoter holding

51.7%

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