RAJPUTANA
Rajputana Investment and Finance financials
- Market cap
- ₹148 Cr
- Sector
- Chemicals
- Calls analysed
- 1
RAJPUTANA Q2 FY26
What went well
- Robust revenue and margin expansion reported for H1 FY26.
- Successfully utilized IPO capital for working capital and capacity enhancement.
- Enhanced balance sheet and cash flows, ensuring long-term stability.
What to watch
- Commissioning and trial part at Meerut unit is still ongoing, expected by December end/January 2026.
- Awaiting regulatory approvals for the GCC export unit.
Guidance record · Q2 FY26
what the last two calls moved 9 tracked 0 delivered 0 missed 9 open- Previous Biodiesel Allocations Completion open said Q2 FY26 Promised: By November end of this year, we would be completing our previous biodiesel allocations of approximately INR100 crores. Q2 FY26: Target set for November end 2025.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 133.3%, net profit up 33.3% against the same quarter last year.
| Line item | Q3 FY17 | Q4 FY17 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 2 | 26 | 27 | 45 +19465% | 23 +1150% | 59 +127% | 63 +133% |
| EBITDA | — | — | 4 | 4 | 6 | 3 | 8 +100% | 7 +75% |
| Net profit | 0 | 0 | 2 | 3 | 5 | 1 | 6 +200% | 4 +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 −22.4% 1Y
1Y: ₹270.5 on 10 Sept 2025 → ₹210. High ₹289.5 (17 Sept 2025), low ₹178.8 (22 Jul 2026).
How the price took the results
close before → close after
- Q2 FY26
- +1.9%
- 18 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 75.4% a year over 1 year, FY15 to FY17.
| Year ending | FY15 | FY17 |
|---|---|---|
| Revenue | ₹12 Cr | ₹3 Cr |
| Interest | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-0 Cr | ₹0 Cr |
| Net margin | -1.7% | 0.3% |
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 | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹5 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹-2 Cr | ₹-1 Cr | ₹0 Cr | ₹9 Cr | ₹39 Cr | ₹43 Cr |
| Borrowings | ₹9 Cr | ₹11 Cr | ₹9 Cr | ₹19 Cr | ₹14 Cr | ₹28 Cr |
| Other liabilities | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹9 Cr | ₹15 Cr | ₹13 Cr |
| Total liabilities | ₹9 Cr | ₹11 Cr | ₹15 Cr | ₹42 Cr | ₹75 Cr | ₹91 Cr |
| Fixed assets | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹7 Cr | ₹6 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹8 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹4 Cr | ₹7 Cr | ₹11 Cr | ₹36 Cr | ₹65 Cr | ₹73 Cr |
| Total assets | ₹9 Cr | ₹11 Cr | ₹15 Cr | ₹42 Cr | ₹75 Cr | ₹91 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, the public added +3.43 pp while DIIs trimmed −3.01 pp.
- Promoters
- 65.8%
- FIIs
- 0.0%
- DIIs
- 2.6%
- Public
- 31.6%
Since Mar 2025
- Public +3.43 pp
- DIIs −3.01 pp
- FIIs −0.47 pp
How it drifted, 4 quarters
Over this window the public went from 20.1% to 31.6% — +11.5 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 65.7%, FIIs 3.4%, DIIs 10.8%, Public 20.1%.Mar '25: Promoters 65.7%, FIIs 0.5%, DIIs 5.7%, Public 28.1%.Sep '25: Promoters 65.8%, FIIs 0.0%, DIIs 2.8%, Public 31.4%.Mar '26: Promoters 65.8%, FIIs 0.0%, DIIs 2.6%, Public 31.6%.
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.
- Sudeep Soni +0.33 pp 22.83% held
- Paras Estates LLP newly disclosed 0.00% held
The same filing shows 2 holders 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 Investment and Finance Ltd. above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Sudeep Soni | 22.83% | +0.33 pp |
| Sarthak Soni | 20.31% | unchanged |
| Pallavi Soni | 9.85% | unchanged |
| Madhuri Surana | 9.01% | unchanged |
| Tanay Attar | 3.75% | −0.33 pp |
| Nine Alps Trust-Nine Alps Opportunity Fund AIF | 2.55% | unchanged |
| Manisha Lodha | 2.46% | unchanged |
| Shruti Lodha | 1.03% | −1.43 pp |
| Puneet Surana | 0.01% | unchanged |
| Pg Foils Limited | 0.00% | unchanged |
| Surana Enterprises LLPt | 0.00% | unchanged |
| Truworth Holdings Private Limitedt | 0.00% | 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.
Learn to analyse Rajputana Investment and Finance Ltd.
Guides on how to read this kind of business and the numbers that matter.