RSLIndustrials

Rajputana Stainless Limited

Iron & Steel Products · ISIN INE313L01016 · BSE 544731 · NSE EQ · FV ₹10
Last price
₹169
-0.25%today
What this company does

Rajputana Stainless Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹360 cr of revenue in its latest quarter (Q2 FY27) and kept 6.6% of sales as profit.

76out of 100
Equitytale Health Score
Solid

Healthier than 76% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 227–284 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns82

How much profit it earns on the money it employs

Balance sheet84

How much it owes, and whether earnings cover the interest

Cash quality48

Whether reported profit actually arrives as cash

Valuation67

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 57%
✓ No promoter shares pledged
✓ Strong 24% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 6.6% net margin

What if I invest in RSL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹169▼ -0.25%
latest close · 2026-11-04
52-wk low ₹12774 sessions so far52-wk high ₹202
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio14.9Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.5%Strong
WeakFairStrong ▸15%
Return on capital31.4%Strong
WeakFairStrong
Net margin6.6%Decent
ThinDecentStrong
EBITDA margin9.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.03Comfortable
LowModerateHigh ▸1
Interest cover22.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.40Ample
Tight ◂1HealthyAmple
More figures
Market cap
—
Book value
—
EPS
₹2.84
latest quarter
Net debt
₹9 cr
owes more than its cash
Enterprise value
—
EBITDA
₹142 cr
annualised
EBIT
₹133 cr
annualised
Operating margin
9.3%
Return on assets
14.8%
Earnings yield
6.71%
P/S
—
Sales / share
—
Tax rate
25.7%
Face value
₹8,357
Working capital
₹301 cr
Current assets
₹516 cr
Current liabilities
₹215 cr
Delivery %
49.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹360 cr
Other Income₹2 cr
Total Income₹362 cr
Cost of Materials₹224 cr
Purchases of Stock-in-Trade₹68 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹6 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹27 cr
Total Expenses₹330 cr
Profit before Tax₹32 cr
Tax Expense₹8 cr
Net Profit₹24 cr
Net margin on total income6.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹294 cr81.1%
Employee benefit expense₹6 cr1.6%
Finance costs₹1 cr0.4%
Depreciation & amortisation₹2 cr0.6%
Other expenses₹27 cr7.5%
Tax expense₹8 cr2.3%
Profit for the period₹24 cr6.5%
Total income ₹362 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue255 cr307 cr360 cr
Total income257 cr309 cr362 cr
Expenses240 cr282 cr330 cr
Profit before tax17 cr27 cr32 cr
Tax4 cr7 cr8 cr
Net profit (owners' share)13 cr20 cr24 cr
Net margin (owners' share, on revenue)5.1%6.6%6.6%
EPS (₹)1.882.422.84
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹639 cr
Shareholder equity
₹403 cr
parent shareholders
Total debt
₹11 cr
Cash
₹2 cr
Cash flow · H1 FY27
Operating
₹4 cr
Investing
₹-40 cr
Financing
₹-65 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,316₹61,083 cr30.6
APL Apollo Tubes Limited₹2,153₹59,783 cr39.5
Shyam Metalics and Energy Limited₹1,220₹33,885 cr16.6
Ratnamani Metals & Tubes Limited₹2,380₹16,682 cr50.8
Jindal Saw Limited₹247₹15,794 cr83.4
Usha Martin Limited₹461₹14,057 cr24.7
Gallantt Ispat Limited₹526₹12,693 cr52.4
Godawari Power And Ispat limited₹193₹11,889 cr13.4
Jayaswal Neco Industries Limited₹90₹8,704 cr9.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 16 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share16 Sep 2026
Who owns it · 2026-09-30
No pledge
Promoter
57.3%
FII / Foreign
5.7%
DII / Domestic
—
Retail / others
36.9%
Promoter stake up 0.3% over the last 4 quarters.
Smart-money activity
Insider trades
BoughtNIHALI YASH SANGHVI · Promoter Group25,000 · ₹41.5 L29 Sep 26
BoughtMAHIMA DIXIT BOKADIA · Promoter Group13,000 · ₹21.7 L29 Sep 26
BoughtSUREKHA SHANKARLAL MEHTA · Promoter Group16,000 · ₹26.7 L29 Sep 26
Bulk / block deals
BoughtM7 GLOBAL FUND PCC - AERION · NSE5.50 L @ ₹15311 Aug 26
BoughtVIRTI ENTERPRISE · NSE4.89 L @ ₹142.734 Aug 26
SoldVIRTI ENTERPRISE · NSE89,000 @ ₹142.014 Aug 26
Stake changes
BoughtNihali Yash Sanghvi along with pac · promoter→ 37.98% · 25,00029 Sep 26
BoughtYashkumar Shankarlal Mehta along with PAC · promoter→ 37.88% · 84,57629 Sep 26
BoughtNihah Yash Sanghvi along with pac · promoter→ 37.98% · 25,00029 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Sep 2026
See the official result
1
ORDINARY - To receive, consider and adopt the Audited Financial Statements of the Company for the Financial year ended on March 31, 2026 comprising of the Balance Sheet as at March 31, 2026, Statement of Profit & Loss Account and Cash Flow Statement as on March 31, 2026 and the Explanatory Notes annexed to, and forming part of, any of the above documents together with the Report of the Auditors and Board of Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
64.89 L votes for, 1 against · 0% of mutual funds and other big investors said no
2
ORDINARY - To declare Dividend on Equity Shares for the Financial Year ended on March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
64.89 L votes for, 1 against · 0% of mutual funds and other big investors said no
3
ORDINARY - To appoint a Director in place of Mr. Babulal Deepchand Mehta (DIN-02656396), who retires by rotation in terms of Section 152(6) of the Companies Act,2013 and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
64.89 L votes for, 1 against · 0% of mutual funds and other big investors said no
4
ORDINARY - Re-appointment of M/S. Ruparel & Bavadiya, Chartered Accountants, Vadodara (Firm Registration No.- 126260W & Peer Review Certificate No.-015292) as the Statutory Auditors of the Company for a term of five years.
Backed by 100% of shareholders other than promotersneeded 50%
64.89 L votes for, 1 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 68 named members
owning 56.3% between them · as of 2026-09-30
SHANKARLAL DEEPCHAND MEHTA37.69%
BABULAL D. MEHTA7.37%
JAYESH NATVARLAL PITHVA5.94%
VIKRAMKUMAR MOTILAL MEHTA0.87%
KAMALABEN MOTILAL MEHTA0.84%
MOTILAL D MEHTA0.82%
RAMESHKUMAR D MEHTA0.72%
ROHINI RAMESHKUMAR MEHTA0.55%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹179 cr raised in Mar 2026 by selling shares to the public

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet. CARE RATING LIMITED watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.