- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-24-0003471

About Rasi Electrodes Limited
Data last updated:
Rasi Electrodes Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 08 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L52599TN1994PLC026980. Its GSTIN is 33AAACR4682G1ZG (Tamil Nadu). It is a listed company as per MCA records. Its shares are listed on BSE: 531233.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹6.23 Cr. It was formerly known as Rasi Electrodes Private Limited. It is led by directors including Popat Bhoormal Kothari (Managing Director) and Bhoormal Ranjitkumar Kothari.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A – 14 Rams Apartments 3rd Floor 21 Raja Annamalai Road Purasawalkam, Chennai, Tamil Nadu, India – 600084.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹72.02 Cr, a decline of 11.6% compared to the previous year. For the same year it recorded a net profit of ₹3.01 Cr (net margin 4.2%) and EBITDA of ₹3.61 Cr (EBITDA margin 5%). The net worth stands at ₹38.86 Cr (up 10.2% YoY). Total assets are valued at ₹39.88 Cr (up 6.7% YoY).
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rasi Electrodes. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹8.65 Cr on record. Court records list 71 cases involving the company, including 69 filed by the company and 2 filed against it; 3 cases are pending. The company has 40 deals on record (40 market trades); the latest was in August 2024.
Rasi Electrodes Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0003471). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rasielectrodes.com.
Company details
Recognitions & Rankings of Rasi Electrodes
Contact details
Rasi Electrodes Limited's registered office is in Chennai, Tamil Nadu. Its website is rasielectrodes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 14 Rams Apartments 3rd Floor 21 Raja Annamalai Road Purasawalkam, Chennai, Tamil Nadu, India – 600084
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Rasi Electrodes Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Rasi Electrodes operates one associated brand: Rasi Electrodes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| High-quality welding consumables are manufactured by Rasi Electrodes. | rasielectrodes.com |
Business activity
The main business activity of Rasi Electrodes is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Rasi Electrodes Limited, buy the company report.
Financials of Rasi Electrodes Limited
FY 2025-26 filings availableRasi Electrodes Limited reported revenue of ₹72.02 Cr (down 11.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 72.02 | 81.44 | 83.83 | 87.53 | 68.38 | 39.45 | 45.96 |
| Revenue growth | -11.6% | -2.9% | -4.2% | +28.0% | +73.3% | -14.2% | - |
| EBITDA | 3.61 | 3.70 | 4.09 | 3.90 | 2.75 | 2.29 | 1.42 |
| EBITDA margin | +5.0% | +4.5% | +4.9% | +4.5% | +4.0% | +5.8% | +3.1% |
| Profit before tax | 4.77 | 3.75 | 4.18 | 4.18 | 2.78 | 2.02 | 0.79 |
| Net profit | 3.01 | 2.60 | 3.18 | 3.01 | 1.98 | 1.29 | 0.53 |
| Net profit margin | +4.2% | +3.2% | +3.8% | +3.4% | +2.9% | +3.3% | +1.2% |
| EPS (₹) | 1.13 | 0.88 | 1.03 | 0.97 | 0.66 | 0.44 | 0.17 |
| Balance sheet | |||||||
| Total assets | 39.88 | 37.39 | 34.89 | 33.55 | 36.92 | 30.75 | 26.34 |
| Net worth | 38.86 | 35.27 | 32.59 | 29.43 | 26.44 | 24.47 | 23.28 |
| Total debt | 0.10 | 1.04 | 1.30 | 3.18 | 9.56 | 5.47 | 2.46 |
| Cash & bank | 11.04 | 5.16 | 2.08 | 0.33 | 0.51 | 1.11 | 0.51 |
| Net working capital | 31.08 | 28.63 | 27.09 | 26.33 | 30.07 | 23.96 | 18.82 |
| Cash flow | |||||||
| Cash from operations | 6.43 | 4.57 | 4.40 | 7.50 | (3.90) | (2.42) | 4.38 |
| Cash from investing | 0.45 | (1.10) | (0.58) | (0.85) | (0.34) | 0.39 | (0.81) |
| Cash from financing | (0.99) | (0.40) | (2.06) | (6.84) | 3.63 | 2.63 | (3.66) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.64 | 18.56 | 17.25 | 16.78 | 19.42 | 20.23 | 19.33 | 20.63 |
| Revenue growth (YoY) | -9.2% | -8.3% | -10.8% | -18.7% | -8.6% | - | - | - |
| Other income | 0.30 | 0.78 | 0.15 | 0.49 | 0.37 | 0.26 | 0.25 | 0.29 |
| Total expenses | 16.03 | 18.21 | 16.19 | 16.01 | 17.98 | 19.42 | 18.99 | 19.39 |
| EBITDA | 1.61 | 0.35 | 1.06 | 0.77 | 1.44 | 0.81 | 0.34 | 1.24 |
| EBITDA margin | +9.1% | +1.9% | +6.1% | +4.6% | +7.4% | +4.0% | +1.8% | +6.0% |
| Depreciation | 0.20 | (0.02) | 0.20 | 0.20 | 0.20 | 0.08 | 0.20 | 0.20 |
| Interest | 0.00 | 0.03 | 0.00 | 0.00 | 0.01 | 0.03 | 0.04 | 0.02 |
| Profit before tax | 1.71 | 1.12 | 1.01 | 1.06 | 1.60 | 0.96 | 0.35 | 1.31 |
| Tax | 0.38 | 0.37 | 0.26 | 0.29 | 0.35 | 0.30 | 0.16 | 0.50 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.64 | 18.56 | 17.25 | 16.78 | 19.42 | 20.23 | 19.33 | 20.63 |
| Revenue growth (YoY) | -9.2% | -8.3% | -10.8% | -18.7% | -8.6% | - | - | - |
| Other income | 0.30 | 0.78 | 0.15 | 0.49 | 0.37 | 0.26 | 0.25 | 0.29 |
| Total expenses | 16.03 | 18.21 | 16.19 | 16.01 | 17.98 | 19.42 | 18.99 | 19.39 |
| EBITDA | 1.61 | 0.35 | 1.06 | 0.77 | 1.44 | 0.81 | 0.34 | 1.24 |
| EBITDA margin | +9.1% | +1.9% | +6.1% | +4.6% | +7.4% | +4.0% | +1.8% | +6.0% |
| Depreciation | 0.20 | (0.02) | 0.20 | 0.20 | 0.20 | 0.08 | 0.20 | 0.20 |
| Interest | 0.00 | 0.03 | 0.00 | 0.00 | 0.01 | 0.03 | 0.04 | 0.02 |
| Profit before tax | 1.71 | 1.12 | 1.01 | 1.06 | 1.60 | 0.96 | 0.35 | 1.31 |
| Tax | 0.38 | 0.37 | 0.26 | 0.29 | 0.35 | 0.30 | 0.16 | 0.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 72.02 | 81.44 | 83.83 | 87.53 | 68.38 | 39.45 | 45.96 |
| Revenue growth | -11.6% | -2.9% | -4.2% | +28.0% | +73.3% | -14.2% | - |
| Other income | 1.79 | 0.87 | 1.05 | 1.42 | 1.17 | 0.85 | 0.71 |
| Total expenses | 68.41 | 77.74 | 79.74 | 83.63 | 65.63 | 37.16 | 44.54 |
| Employee cost | 4.28 | 4.26 | 3.92 | 3.61 | 3.09 | 2.34 | 2.94 |
| EBITDA | 3.61 | 3.70 | 4.09 | 3.90 | 2.75 | 2.29 | 1.42 |
| EBITDA margin | +5.0% | +4.5% | +4.9% | +4.5% | +4.0% | +5.8% | +3.1% |
| Depreciation | 0.58 | 0.68 | 0.78 | 0.68 | 0.68 | 0.75 | 0.88 |
| Interest | 0.05 | 0.14 | 0.18 | 0.46 | 0.46 | 0.37 | 0.46 |
| Profit before tax | 4.77 | 3.75 | 4.18 | 4.18 | 2.78 | 2.02 | 0.79 |
| Tax | 1.27 | 1.03 | 0.95 | 1.17 | 0.74 | 0.66 | 0.27 |
| Net profit | 3.01 | 2.60 | 3.18 | 3.01 | 1.98 | 1.29 | 0.53 |
| Net profit margin | +4.2% | +3.2% | +3.8% | +3.4% | +2.9% | +3.3% | +1.2% |
| EPS (₹) | 1.13 | 0.88 | 1.03 | 0.97 | 0.66 | 0.44 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 | 6.23 |
| Reserves & surplus | 32.63 | 29.04 | 26.36 | 23.20 | 20.21 | 18.24 | 17.05 |
| Shareholders' funds (net worth) | 38.86 | 35.27 | 32.59 | 29.43 | 26.44 | 24.47 | 23.28 |
| Secured loans | 0.10 | 1.04 | 1.30 | 3.18 | 9.56 | 2.47 | 0.97 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 1.49 |
| Total debt | 0.10 | 1.04 | 1.30 | 3.18 | 9.56 | 5.47 | 2.46 |
| Total liabilities | 39.88 | 37.39 | 34.89 | 33.55 | 36.92 | 30.75 | 26.34 |
| Assets | |||||||
| Gross block | 17.31 | 17.25 | 17.04 | 16.31 | 15.18 | 14.87 | 14.87 |
| Net block | 5.96 | 6.48 | 6.88 | 6.73 | 6.29 | 6.47 | 7.11 |
| Capital work in progress | 0.33 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.04 |
| Investments | 2.35 | 2.09 | 0.75 | 0.51 | 0.54 | 0.32 | 0.21 |
| Inventories | 6.19 | 7.41 | 7.56 | 9.25 | 11.60 | 8.70 | 6.35 |
| Sundry debtors | 11.39 | 14.16 | 14.44 | 14.49 | 15.21 | 11.91 | 10.10 |
| Cash & bank balances | 11.04 | 5.16 | 2.08 | 0.33 | 0.51 | 1.11 | 0.51 |
| Loans & advances | 3.78 | 3.64 | 5.42 | 3.32 | 4.12 | 4.15 | 4.09 |
| Total current assets | 32.40 | 30.37 | 29.50 | 27.39 | 31.44 | 25.87 | 21.05 |
| Total current liabilities | 1.32 | 1.74 | 2.41 | 1.06 | 1.37 | 1.91 | 2.23 |
| Net working capital | 31.08 | 28.63 | 27.09 | 26.33 | 30.07 | 23.96 | 18.82 |
| Total assets | 39.88 | 37.39 | 34.89 | 33.55 | 36.92 | 30.75 | 26.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.16 | 2.08 | 0.33 | 0.51 | 1.11 | 0.51 | 0.60 |
| Net cash from operating activities | 6.43 | 4.57 | 4.40 | 7.50 | (3.90) | (2.42) | 4.38 |
| Net cash from investing activities | 0.45 | (1.10) | (0.58) | (0.85) | (0.34) | 0.39 | (0.81) |
| Net cash from financing activities | (0.99) | (0.40) | (2.06) | (6.84) | 3.63 | 2.63 | (3.66) |
| Net change in cash | 5.89 | 3.07 | 1.76 | (0.18) | (0.61) | 0.60 | (0.09) |
| Closing cash | 11.04 | 5.16 | 2.08 | 0.33 | 0.51 | 1.11 | 0.51 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -11.6% | -2.9% | -4.2% | +28.0% | +73.3% | -14.2% | - |
| EBITDA growth | -2.4% | -9.5% | +4.9% | +41.8% | +20.1% | +61.3% | - |
| PBT growth | +27.2% | -10.3% | 0.0% | +50.4% | +37.6% | +155.7% | -55.1% |
| Net income growth | +15.8% | -18.2% | +5.7% | +52.0% | +53.5% | +143.4% | - |
| Revenue CAGR (3Y) | -6.3% | +6.0% | +28.6% | +24.0% | +13.0% | +4.8% | +19.6% |
| EBITDA CAGR (3Y) | -2.5% | +10.4% | +21.3% | +40.0% | +0.4% | +12.5% | -12.9% |
| Profitability & leverage | |||||||
| Net income margin | +4.9% | +3.3% | +3.9% | +3.4% | +3.0% | +3.5% | +1.1% |
| Return on capital employed | +12.5% | +10.8% | +12.7% | +13.1% | +9.6% | +8.4% | +4.5% |
| Return on net worth | +9.5% | +8.1% | +10.3% | +10.8% | +8.1% | +5.7% | +2.2% |
| Debt / equity | 0.02 | 0.03 | 0.07 | 0.23 | 0.29 | 0.17 | 0.18 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.65 | 4.64 | 5.44 | 14.29 | 22.22 | 24.03 | 85.19 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.17 | 4.75 | 5.03 | 5.56 | 4.55 | 2.65 | 3.21 |
| Inventory turnover | 10.59 | 10.88 | 9.97 | 8.40 | 6.74 | 5.24 | 7.24 |
| Debtors turnover | 5.64 | 5.70 | 5.80 | 5.89 | 5.04 | 3.58 | 4.49 |
| EPS (₹) | 1.13 | 0.88 | 1.03 | 0.97 | 0.66 | 0.44 | 0.17 |
| Dividend per share (₹) | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 12.48 | 11.33 | 10.47 | 9.45 | 8.49 | 7.86 | 7.48 |
To see the full year-wise statements and ratios of Rasi Electrodes Limited, buy the company report.
Board of directors of Rasi Electrodes Limited
Rasi Electrodes has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhoormal Ranjitkumar Kothari | Director | 13 Feb 1995 | 31 Years 8 Months | Current |
| Payal Kothari | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Aashika Jain | Director | 30 May 2019 | 7 Years 4 Months | Current |
| Popat Bhoormal Kothari Also directs: B P K Developers Private Limited | Managing Director | 08 Mar 1994 | 32 Years 7 Months | Current |
| Suresh Kumar Mehta | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Kavita Patel Also directs: Narendra Properties Limited | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Rasi Electrodes Limited is audited by POONAM ANKIT & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| POONAM ANKIT & ASSOCIATES | FY 2023 | 0017409S |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 28.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 72.00%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 28.00% | 28.00% | 28.00% | 28.00% |
| Public | 72.00% | 72.00% | 72.00% | 72.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 1995 | 90292333 | Others | ₹3 Cr | Open | |
| 28 Aug 2020 | 100364667 | Citi Bank N.A. | ₹7.5 Cr | Satisfied | |
| 30 Jun 2011 | 10299135 | Dena Bank | ₹75 Lakh | Satisfied | |
| 05 May 1997 | 90291439 | Dena Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Rasi Electrodes Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Rasi Electrodes Limited has 40 deals on record (40 market trades); the latest was in August 2024.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Market trade | ₹22.1 Lakh | Buyer: Shreenath Finstock Private Limited Seller: Shreenath Finstock Private Limited |
| Jan 2016 | Market trade | ₹1.23 Cr | Buyer: Parth Infin Brokers Private Limited , an individual Seller: Parth Infin Brokers Private Limited |
| Jan 2016 | Market trade | ₹53.8 Lakh | Buyer: Shreenath Finstock Private Limited Seller: Shreenath Finstock Private Limited |
| Mar 2015 | Market trade | ₹49.5 Lakh | Buyer: Shreenath Finstock Private Limited Seller: Shreenath Finstock Private Limited |
| Sep 2014 | Market trade | ₹37.3 Lakh | Buyer: Neil Information Technology Private Limited |
To see the full deal history of Rasi Electrodes Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rasi Electrodes Limited has 71 court cases on record: 69 filed by Rasi Electrodes, 2 filed against it. 3 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 1 | 2 |
| High courts | 17 | 1 | 1 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nellore, Andhra Pradesh | Execution petition | Filed by the company against Messrs Prime Hitech Engineering Limited, Apiic-Mpsez | Pending |
| District court, South Goa, Goa | Court case (REXA) | Filed by the company against M/S. Waterways Shipyard Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against G.K.Roofings India Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Prime Hitech Engineering Limited | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against Tech Megacorp International Pvt. Ltd., | Disposed |
To see the full case history of Rasi Electrodes Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Rasi Electrodes Limited was last rated by Icra on 25 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Jan 2022 |
To see the full credit ratings and regulatory alerts of Rasi Electrodes Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rasi Electrodes Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rasi Electrodes Limited has a workforce of 27 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Rasi Electrodes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACR4682G1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rasi Electrodes Limited, buy the company report.
Recent activity
Rasi Electrodes Limited has 19 board changes on record since 1994: 13 appointments and 6 cessations. The latest: Ajay Goyal ceased to be Director on 31 Mar 2024.
19 earlier events are in the company report.
Frequently asked questions
Rasi Electrodes is an active public limited company based in Chennai, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 08 March 1994 (32+ years old) and is registered under CIN L52599TN1994PLC026980. Listed on BSE: 531233.
Rasi Electrodes reported revenue of ₹72.02 Cr for FY 2025-26 (down 11.6% YoY) based on standalone financials.
Rasi Electrodes has 6 current directors:
- Popat Bhoormal Kothari - Managing Director
- Bhoormal Ranjitkumar Kothari - Director
- Payal Kothari - Director
- Aashika Jain - Director
- Suresh Kumar Mehta - Director
- Kavita Patel - Director
The latest financial statements of Rasi Electrodes on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rasi Electrodes is 33AAACR4682G1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Rasi Electrodes is L52599TN1994PLC026980. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Rasi Electrodes is a listed company as per MCA records. Its shares are listed on BSE (code: 531233).
Rasi Electrodes has 71 court cases on record: 69 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Rasi Electrodes was incorporated on 08 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Rasi Electrodes has 40 deals on record (40 market trades); the latest was in August 2024.