MOMSBELIEF

Rays of Belief Limited

Rays of Belief Limited (MOMSBELIEF) financial statements and selected valuation metrics through 30 September 2026.

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Key metrics

Price as of 2026-11-13

Stock price
₹283.15
Market cap
592 Cr
Stock P/E
88.2 · FY26
P/B
3.88
ROE (FY26)
16.1%
ROCE (FY26)
23.2%
Operating margin (FY26)
9.3%
Debt / equity (FY26)
0.12

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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Segment mix

Reportable segments as of 2026-09-30 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 52.3% of revenue

SegmentShareof revenueRevenue₹ CrPBT₹ CrAssets₹ Cr
India
47.7%
255153
USA
52.3%
27449

What we see

Positives
  • ✓Debt-to-equity of 0.12x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.

Quarterly results

Quarterly · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

MetricJun 2026Sept 2026
Sales2527
Operating expenses (approx.)2021
EBITDA56
OPM %19.9%22.3%
Other income0.050.27
Interest0.240.59
Depreciation10.98
Profit before tax45
Tax %25.7%27.1%
Net profit33
EPS (₹)1.782.00

1,234 from the company's filing1,234 calculated by BullKarma

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

MetricMar 2026TTM
Sales82Sign in free for the trailing twelve months
Operating expenses (approx.)70Sign in free for the trailing twelve months
EBITDA12Sign in free for the trailing twelve months
OPM %14.6%Sign in free for the trailing twelve months
Other income0.40Sign in free for the trailing twelve months
Interest1Sign in free for the trailing twelve months
Depreciation4Sign in free for the trailing twelve months
Profit before tax7Sign in free for the trailing twelve months
Tax %28.2%Sign in free for the trailing twelve months
Net profit5Sign in free for the trailing twelve months
EPS (₹)3.21Sign in free for the trailing twelve months
Dividend payout %—Sign in free for the trailing twelve months

1,234 from the company's filing1,234 calculated by BullKarma

Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · click a figure for its source · Ctrl-click to pick several to share

MetricMar 2026
Equity capital16
Reserves15
Borrowings4
Other liabilities16
Total liabilities51
Fixed assets (net)2
CWIP—
Investments—
Trade receivables18
Cash & bank3
Other assets28
Total assets51

1,234 from the company's filing1,234 calculated by BullKarma

Cash flows

Annual · ₹ Cr · last column includes FCF · click a figure for its source · Ctrl-click to pick several to share

MetricMar 2026
Cash from operating activity-2
Cash from investing-6
Cash from financing6
Net cash flow-2
Free cash flow (OCF − Capex)-3

Ratios

MetricMar 2026
ROCE %23.2%
ROE %16.1%
PBT margin %8.5%
Cash conversion cycle64
Debt / equity0.12
Net debt / EBITDA0.03
EBITDA / interest10.86

1,234 from the company's filing1,234 calculated by BullKarma