533608
RDB Rasayans financials
- Market cap
- ₹297 Cr
- Sector
- Capital Goods
What RDB Rasayans does
RDB Rasayans Limited manufactures polymer-based woven bags and Flexible Intermediate Bulk Containers (FIBC), commonly known as jumbo bags, used for storing and transporting bulk materials such as construction, agricultural, chemical and food-processing inputs. Its plant at Haldia, West Bengal is vertically integrated, converting base polymer material into finished woven-bag products under one roof. The company began commercial production in 2003 and has continued to invest in expanding manufacturing capacity at the same site.
Segments
- Woven bags & FIBC (Jumbo bags)
- Manufacturing plants
- 1 (Haldia, West Bengal) — vertically integrated, base material to finished product
- Permanent employees
- 90 (as on 31 Mar 2025)
- Installed capacity at commissioning (2003)
- 1,800 MTPA
- Quality certification
- ISO 9001:2008; BIS certified
Quarterly results
Q1 FY27: revenue up 14.3%, net profit up 33.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 27 | 29 | 28 | 34 +10% | 26 −4% | 30 +3% | 32 +14% |
| EBITDA | 3 | 3 | 4 | 6 | 8 +167% | 5 +67% | 2 −50% | 9 +50% |
| Net profit | 6 | 6 | 7 | 9 | 11 +83% | 8 +33% | 6 −14% | 12 +33% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +5.4% 1Y
1Y: ₹160.85 on 10 Sept 2025 → ₹169.55. High ₹188.45 (8 Jan 2026), low ₹141.3 (29 May 2026).
Financials, as filed
Revenue grew 2.4% a year over 3 years, FY23 to FY26. Operating margin held at 17.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹110 Cr | ₹103 Cr | ₹148 Cr | ₹118 Cr |
| Operating profit | ₹19 Cr | ₹16 Cr | ₹15 Cr | ₹21 Cr |
| Operating margin | 17.7% | 15.5% | 10.1% | 17.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹24 Cr | ₹25 Cr | ₹26 Cr | ₹34 Cr |
| Net margin | 21.9% | 24.3% | 17.6% | 28.8% |
| Cash from operations | ₹45 Cr | ₹-76 Cr | ₹-12 Cr | ₹-21 Cr |
| Free cash flow | ₹45 Cr | ₹-77 Cr | ₹-12 Cr | ₹-21 Cr |
| ROCE | 21.0% | 17.0% | 18.0% | 20.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹98 Cr | ₹120 Cr | ₹145 Cr | ₹169 Cr | ₹215 Cr | ₹229 Cr |
| Borrowings | ₹10 Cr | ₹5 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr |
| Other liabilities | ₹14 Cr | ₹14 Cr | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Total liabilities | ₹140 Cr | ₹157 Cr | ₹168 Cr | ₹194 Cr | ₹239 Cr | ₹255 Cr |
| Fixed assets | ₹13 Cr | ₹14 Cr | ₹13 Cr | ₹13 Cr | ₹12 Cr | ₹12 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹22 Cr | ₹16 Cr | ₹59 Cr | ₹5 Cr | ₹20 Cr | ₹22 Cr |
| Other assets | ₹104 Cr | ₹127 Cr | ₹96 Cr | ₹176 Cr | ₹207 Cr | ₹222 Cr |
| Total assets | ₹140 Cr | ₹157 Cr | ₹168 Cr | ₹194 Cr | ₹239 Cr | ₹255 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 12% to 5,730.
- Promoters
- 69.8%
- Public
- 30.2%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 69.8%, Public 30.2%.Dec '23: Promoters 69.8%, Public 30.2%.Mar '24: Promoters 69.8%, Public 30.2%.Jun '24: Promoters 69.8%, Public 30.2%.Sep '24: Promoters 69.8%, Public 30.2%.Dec '24: Promoters 69.8%, Public 30.2%.Mar '25: Promoters 69.8%, Public 30.1%.Jun '25: Promoters 69.8%, Public 30.2%.Sep '25: Promoters 69.8%, Public 30.2%.Dec '25: Promoters 69.8%, Public 30.1%.Mar '26: Promoters 69.8%, Public 30.2%.Jun '26: Promoters 69.8%, Public 30.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of RDB Rasayans above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Yms Finance Private Limited | 49.98% | unchanged |
| Growth Techno Projects Ltd | 9.26% | unchanged |
| Loka Properties Pvt Limited | 5.14% | unchanged |
| Sandeep Baid | 5.10% | unchanged |
| Somani Estates Pvt Ltd | 3.58% | unchanged |
| Vinod Dugar | 3.00% | unchanged |
| Faithful Vanijya Private Limited | 2.69% | unchanged |
| Sangeetha S . | 2.16% | unchanged |
| Shanti Lal Baid | 2.13% | unchanged |
| Shruti Mohta | 1.16% | unchanged |
| Rekha Jhabak | 0.77% | unchanged |
| Shantilal Baid Huf | 0.13% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹170, this stock must grow earnings at 4% every year for 7 years. Our analysis caps realistic growth at ~12%. At that growth it is worth ₹263 — upside of 55%.
- Growth the price implies
- 3.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 12.2% a year
- net profit, FY23–FY26 · EPS 11.7%
- The gap
- -0.1 pp
- 55% downside if it only repeats history
Learn to analyse RDB Rasayans
Guides on how to read this kind of business and the numbers that matter.