RECTNasdaqCutlery, Handtools & General HardwareFiscal year ends March 31
Rectitude Holdings Ltd.
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jul 30, 2026
$1.23−0.04 (-3.15%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2021 to 2026
Gross margin
32.2%
Operating margin
8.3%
Net margin
7.0%
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.1% | +10.8% | – | – | |
| Gross profit | +11.9% | +10.7% | – | – | |
| Operating income | +90.6% | -3.8% | – | – | |
| Net income | +60.5% | -2.9% | – | – | |
| EPS, diluted | +56.3% | -6.9% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 13.6% | |
| Return on assets | – | – | 7.8% | |
| Current ratio | – | – | 2.53 | |
| Interest coverage | – | – | 24.3× | |
| Inventory turnover | – | – | 4.4× | |
| Capex to revenue | – | – | 0.4% | |
| Diluted shares | – | – | 15M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Rectitude generated 11.48M SGD from operations and spent 5.35M SGD on capital expenditure, dividends and share buybacks. 23% of that went back into the business.
Generated
11.48M SGD
Used
5.35M SGD
Capital expenditure1.25M SGD23%Dividends4.10M SGD77%Share buybacks0 SGD0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.0%
×Asset turnover1.11×
×Equity multiplier1.75×
=Return on equity, FY202613.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 7.0% | 1.11× | 1.75× | 13.6% |
| FY2025 | 5.1% | 1.12× | 1.98× | 11.4% |
| FY2024 | 8.1% | 1.31× | 2.44× | 26.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero3.59M SGD
- Cash generatingOperating cash flow above zero-2.15M SGD
- Return on assets improvedROA up on the prior year6.5% → 8.2%
- Earnings backed by cashOperating cash flow above net income-2.15M SGD vs 3.59M SGD
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.26 → 2.53
- No dilutionShare count did not rise14M → 15M
- Gross margin improvedGross margin up on the prior year33.65% → 32.17%
- More efficientAsset turnover rose1.28 → 1.17