RAJINDLTD
Rajputana Industries financials
- Market cap
- ₹138 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 22.1%, net profit up 32.3% 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 | 138 | 145 | 150 | 167 | 166 +20% | 177 +22% | 189 +26% | 204 +22% |
| EBITDA | 4 | 5 | 5 | 7 | 6 +69% | 8 +69% | 8 +39% | 9 +38% |
| Net profit | 2 | 2 | 2 | 3 | 3 +46% | 3 +33% | 4 +96% | 4 +32% |
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 −24.3% 1Y
1Y: ₹82 on 10 Sept 2025 → ₹62.1. High ₹90 (28 Nov 2025), low ₹60.9 (24 Mar 2026).
Financials, as filed
Revenue grew 26.4% a year over 1 year, FY25 to FY26. Operating margin widened to 4.0%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹552 Cr | ₹698 Cr |
| Operating profit | ₹19 Cr | ₹28 Cr |
| Operating margin | 3.5% | 4.0% |
| Interest | ₹6 Cr | ₹9 Cr |
| Depreciation | ₹3 Cr | ₹3 Cr |
| Net profit | ₹8 Cr | ₹12 Cr |
| Net margin | 1.5% | 1.8% |
| Cash from operations | ₹-23 Cr | ₹9 Cr |
| Free cash flow | ₹-41 Cr | ₹-1 Cr |
| ROCE | 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 | ₹14 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr | ₹22 Cr | ₹22 Cr |
| Reserves | ₹0 Cr | ₹3 Cr | ₹12 Cr | ₹17 Cr | ₹47 Cr | ₹54 Cr |
| Borrowings | ₹27 Cr | ₹25 Cr | ₹30 Cr | ₹29 Cr | ₹51 Cr | ₹63 Cr |
| Other liabilities | ₹47 Cr | ₹60 Cr | ₹60 Cr | ₹88 Cr | ₹90 Cr | ₹112 Cr |
| Total liabilities | ₹89 Cr | ₹102 Cr | ₹118 Cr | ₹150 Cr | ₹211 Cr | ₹252 Cr |
| Fixed assets | ₹44 Cr | ₹43 Cr | ₹43 Cr | ₹45 Cr | ₹44 Cr | ₹56 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹23 Cr | ₹13 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹45 Cr | ₹60 Cr | ₹75 Cr | ₹103 Cr | ₹145 Cr | ₹183 Cr |
| Total assets | ₹89 Cr | ₹102 Cr | ₹118 Cr | ₹150 Cr | ₹211 Cr | ₹252 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 Mar 2026
Since Mar 2025, DIIs added +2.34 pp while the public trimmed −2.19 pp. The shareholder count shrank 13% to 870.
- Promoters
- 66.1%
- FIIs
- 0.1%
- DIIs
- 9.4%
- Public
- 24.4%
Since Mar 2025
- DIIs +2.34 pp
- Public −2.19 pp
- FIIs −0.15 pp
How it drifted, 5 quarters
Over this window DIIs went from 6.1% to 9.4% — +3.3 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 66.1%, FIIs 0.9%, DIIs 6.1%, Public 26.9%.Dec '24: Promoters 66.1%, FIIs 0.4%, DIIs 6.1%, Public 27.5%.Mar '25: Promoters 66.1%, FIIs 0.3%, DIIs 7.0%, Public 26.6%.Sep '25: Promoters 66.1%, FIIs 0.2%, DIIs 9.4%, Public 24.3%.Mar '26: Promoters 66.1%, FIIs 0.1%, DIIs 9.4%, Public 24.4%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ashtalakshmi Advisors Llp newly disclosed 1.07% held
- Sahil Sheikh newly disclosed 0.00% held
- Isha Sheikh newly disclosed 0.00% held
- Jungle King Resorts newly disclosed 0.00% held
- Kshama Agrawal newly disclosed 0.00% held
- Subhash Chandra Agrawal newly disclosed 0.00% held
- Anjum Sahab newly disclosed 0.00% held
- Alisha Sheikh newly disclosed 0.00% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Rajputana Industries Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Shera Energy Limited | 51.01% | unchanged |
| Shivani Sheikh | 12.74% | unchanged |
| Holani Venture Capital Fund- Holani Venture Capital Fund-I Mutual fund | 9.31% | unchanged |
| Uttam Bharat Electricals Pvt Ltd | 2.44% | −0.44 pp |
| Shree Khatu Shyamji Metal Industries Private Limited | 2.34% | unchanged |
| Ashtalakshmi Advisors Llp | 1.07% | newly disclosed |
| Sahil Sheikh | 0.00% | newly disclosed |
| Isha Sheikh | 0.00% | newly disclosed |
| Jungle King Resorts | 0.00% | newly disclosed |
| Kshama Agrawal | 0.00% | newly disclosed |
| Subhash Chandra Agrawal | 0.00% | newly disclosed |
| Anjum Sahab | 0.00% | newly disclosed |
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 ₹62, this stock must grow earnings at 0% every year for 7 years. Our analysis caps realistic growth at ~49%. At that growth it is worth ₹718 — upside of 1056%.
- Growth the price implies
- 0.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 49.3% a year
- net profit, FY25–FY26
- The gap
- -0.5 pp
- 1056% downside if it only repeats history
Learn to analyse Rajputana Industries Ltd
Guides on how to read this kind of business and the numbers that matter.