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Rajoo Engineers Ltd

NSE: RAJOOENG BSE: 522257

Rajoo Engineers Limited was incorporated in 1986 and is promoted by Mr. C.N. Doshi and Mr. R.N. Doshi. It manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customer's requirement. The head office of the co. is in Gujarat.[1]

₹54
52W: ₹46 — ₹146
PE 22.2 · Book ₹18.6 · +190% vs book
Market Cap₹965 Cr
Stock P/E22.2Price to Earnings
ROCE23.8%Return on Capital
ROE17.8%Return on Equity
Div. Yield0.27%Face Value ₹1

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 33.3% CAGR over last 5 years

Weaknesses

  • −Promoter holding has decreased over last 3 years: -5.14%

Shareholding Pattern

Promoters60.7%
FIIs1.66%
DIIs0.77%
Public36.88%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters66.56%66.56%66.4%▼0.266.4%66.13%▼0.360.7%▼5.460.7%60.7%
FIIs0.27%0.18%▼0.10.04%▼0.10.08%▲0.00.03%▼0.12.25%▲2.21.75%▼0.51.66%▼0.1
DIIs0%0%0%0%0%2.1%▲2.10.99%▼1.10.77%▼0.2
Public33.16%33.25%▲0.133.58%▲0.333.52%▼0.133.84%▲0.334.96%▲1.136.57%▲1.636.88%▲0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales60.0852.6850.8756.8156.0889.985.0791.8874.5946.78
Expenses52.3943.7243.7547.6745.2571.4166.573.2657.646.49
Operating Profit7.698.967.129.1410.8318.4918.5718.6216.990.29
OPM %12.8%17.01%14%16.09%19.31%20.57%21.83%20.27%22.78%0.62%
Net Profit5.716.255.347.248.8913.8314.3613.8814.220.82
EPS ₹0.350.380.330.440.540.840.880.780.80.05

AI Insights

Revenue Trend

Mar 2026 revenue at ₹298Cr, up 17.3% YoY. OPM at 18%.

Debt Position

Borrowings at ₹10Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹13Cr (19% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.77% (+0.77pp change). FIIs: 1.66% (+1.66pp change). Promoters hold 60.7%.

Margin & Efficiency

ROCE improving from 23% (Mar 2015) to 24% (Mar 2026). Working capital days: -19.

Valuation

PE 22.2x with 23.8% ROCE. Price is 190% above book value of ₹18.6. Dividend yield: 0.27%.

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