Rajoo Engineers Limited (RAJOOENG)

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Rajoo Engineers Limited (RAJOOENG) · mywealthgrid

About

Rajoo Engineers manufactures industrial products, sector Industrials, ₹911 Cr market cap. Recent quarterly revenue ₹46–123 Cr standalone, net profit ₹0.8–17.5 Cr. Operating margin 17.77%, ROE 18.77%.

Face value: ₹1

Market cap

₹951 Cr

P/E

19.9×

P/B

2.8×

Dividend yield

0.3%

ROE

18.8%

ROCE

23.7%

Debt / equity

0.07

OPM

17.8%

EPS (TTM)

₹2.7

Book value

₹19.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Stock down 50.46% in 1y despite 18.77% ROE and 17.77% OPM — verify demand stress or execution risk
Operating margin swung 0.6% (Mar 2026) to 25.42% (Dec 2025); quarterly profits ₹0.8–17.5 Cr — verify earnings quality and margin sustainability
Institutional ownership minimal (FII 1.22%, DII 0.53%) — verify reasons, sector participation, coverage depth
Industrial capex cycle exposure — demand vulnerable if investment cycle slows

Generated analysis · source review pending

Growth drivers

ROE 18.77% supports reinvestment of retained earnings; verify capital deployment strategy and organic growth targets
Operating margins 17–25% (excl. Q4 anomaly) mean revenue growth flows to profit expansion; verify revenue trajectory and pipeline
Quarterly profit consistency ₹12–17 Cr (Sep 2025–Jun 2026 excl. Q4) provides earnings base; verify capex plans and self-funding capability

Generated analysis · source review pending

2,169 historical price candles were omitted because the exchange source has not been verified.

₹53.2-0.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.9% (3-yr avg)
+High return on capital employed of 26%
+Profit CAGR of 31.7% over the last 5 years
+Revenue CAGR of 15.2% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 29.8×
+High promoter holding of 60.7% with no pledge

Cons

−Low dividend payout of 5.6% of profit
−Promoter holding fell 5.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

76/100

Business quality: 71

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	170	190	160	197	254	344
COGS	105	119	99	117	141	192
Gross profit	64	71	61	80	113	152
	44	48	47	53	67	88
	21	23	14	27	47	64
OPM %	12.3%	11.8%	8.8%	13.5%	18.4%	18.6%
Depreciation	4	4	3	4	4	7
Interest	1	0	0	1	1	2
	1	2	3	4	5	10
Profit before tax	17	21	14	28	50	65
Tax	5	6	3	7	12	16
Tax %	29.4%	26.9%	20.5%	24.2%	23.4%	24.6%
	12	15	11	21	38	49
PAT margin %	7.1%	7.9%	7.2%	10.7%	15%	14.2%
EPS (₹)	2	2.5	1.9	3.4	2.3	2.7
EPS adjusted (₹)	0.7	1	0.7	1.3	2.3	2.7
	0%	10.2%	18.7%	3.7%	6.5%	5.5%
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	16	18
Reserves	—	77	93	103	121	147	328
Minority interest	—	—	0	0	0	—	14
	—	3	0	2	1	0	24
	—	72	61	70	99	161	291
Total equity & liabilities	—	158	160	180	227	324	674
	44	41	39	37	42	55	214
CWIP	—	2	3	3	5	1	13
Investments	—	3	17	17	12	16	50
	—	112	102	124	168	253	397
Total assets	—	158	160	180	227	324	674

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38%	37.3%	38.3%	40.5%	44.6%	44.3%
EBITDA margin %	12.3%	11.8%	8.8%	13.5%	18.4%	17.8%
EBIT margin %	10.2%	10%	6.6%	11.7%	16.7%	15.9%
PAT margin %	7.1%	7.9%	7.2%	10.7%	15%	14.2%
Working capital
Receivable days	31	14	38	29	22	11
Inventory days	205	174	209	320	339	390
Payable days	87	68	74	92	78	89
NWC days	149	120	173	258	282	312
Leverage
Current ratio	1.64	2.06	1.97	1.74	1.61	1.3
Debt to EBITDA	0.15	0.01	0.11	0.05	0	0.39
Debt to equity	0.04	0	0.01	0.01	0	0.07
Interest coverage	18.1	63.6	40.4	41	51.4	29.8
Asset turnover	1.07	1.19	0.89	0.87	0.78	0.51
Return ratios
Return on assets %	7.6%	9.4%	6.4%	9.2%	11.8%	7.3%
Return on capital employed %	20.5%	22%	12.3%	22.2%	32%	23.7%
Return on equity %	14.5%	15.3%	10.6%	16.6%	23.4%	14.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.33%	66.49%	66.56%	66.56%	66.56%	66.4%	66.4%	66.13%	60.7%	60.7%	60.7%	60.7%
	0%	0.51%	0.37%	0.27%	0.18%	0.04%	0.08%	0.03%	2.25%	1.74%	1.66%	1.22%
	0%	0%	0%	0%	0%	0%	0%	0%	2.1%	0.99%	0.77%	0.53%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	33.67%	33%	33.07%	33.17%	33.26%	33.56%	33.52%	33.84%	34.95%	36.57%	36.87%	37.55%
No. of shareholders	—	—	—	—	—	—	—	—	61,511	65,602	67,167	67,302

Promoter holding down 5.63 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Kanchanben Jayantilal ZalavadiaImmediate relative	BuyMarket Purchase	2,000	₹1.96 L	0.00% → 0.00%	16 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

8 deals · 28 Jul 2025 – 6 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Jan 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	12,63,557	₹77.66	₹9.81 Cr
6 Jan 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	12,58,374	₹77.57	₹9.76 Cr
6 Jan 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	10,99,357	₹77.99	₹8.57 Cr
6 Jan 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	10,99,357	₹77.96	₹8.57 Cr
28 Jul 2025	NEO APEX VENTURE LLP	Bulk	NSE	Sell	18,50,003	₹109.13	₹20.19 Cr
28 Jul 2025	NEO APEX VENTURE LLP	Bulk	NSE	Buy	18,50,003	₹108.75	₹20.12 Cr
28 Jul 2025	DEVI TRADERS LLP	Bulk	NSE	Buy	9,09,087	₹108.93	₹9.90 Cr
28 Jul 2025	DEVI TRADERS LLP	Bulk	NSE	Sell	8,63,857	₹109.00	₹9.42 Cr

1–8 of 8

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Rajesh Nanalal DoshiExecutive Director-Chairperson
Ms. Khushboo Chandrakant DoshiExecutive Director-MD
Mr. Utsav Kishorbhai DoshiExecutive Director-MD
Mr. Pratik KothariNon-Executive - Non Independent Director
Mr. Sureshchandra Gokaldas VajaNon-Executive - Independent Director
Ms. Jinal Hasmukhbhai RupaniNon-Executive - Independent Director
Mr. Hasmukhlal Ambavibhai ManavadariaNon-Executive - Independent Director
Ms. Lakshmi RamakrishnanNon-Executive - Independent Director
Mr. Shital BadshahNon-Executive - Independent Director
Mr. Sunil JainNon - Executive Non -Independent Director
Mr. Chintan Bakulbhai MalkanChief Financial Officer

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F&O

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Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Rajoo Engineers Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

10 announcementsExport CSV

30 Sept 2026, 6:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	38%	37.3%	38.3%	40.5%	44.6%	44.3%
EBITDA margin %	12.3%	11.8%	8.8%	13.5%	18.4%	17.8%
EBIT margin %	10.2%	10%	6.6%	11.7%	16.7%	15.9%
PAT margin %	7.1%	7.9%	7.2%	10.7%	15%	14.2%
Working capital
Receivable days	31	14	38	29	22	11
Inventory days	205	174	209	320	339	390
Payable days	87	68	74	92	78	89
NWC days	149	120	173	258	282	312
Leverage
Current ratio	1.64	2.06	1.97	1.74	1.61	1.3
Debt to EBITDA	0.15	0.01	0.11	0.05	0	0.39
Debt to equity	0.04	0	0.01	0.01	0	0.07
Interest coverage	18.1	63.6	40.4	41	51.4	29.8
Asset turnover	1.07	1.19	0.89	0.87	0.78	0.51
Return ratios
Return on assets %	7.6%	9.4%	6.4%	9.2%	11.8%	7.3%
Return on capital employed %	20.5%	22%	12.3%	22.2%	32%	23.7%
Return on equity %	14.5%	15.3%	10.6%	16.6%	23.4%	14.2%

Date	Category	Subject	Filing
30 Sept 2026, 6:08 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
30 Sept 2026, 5:55 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 3:11 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 3:20 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 1:17 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
2 Sept 2026, 1:15 pm	AGM/EGM AGM	Rajoo Engineers Ltd-$ - 522257 - Notice Of 39Th Annual General Meeting Of The Company (Revised).	PDF
2 Sept 2026, 1:05 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 11:39 am	Corp. Action Record Date	Record Date For Final Dividend.	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	18	25	20	2	71	68
	-12	-15	-13	-11	-63	-195
	-6	-3	-2	-4	-2	137
Net cash flow	-1	7	5	-13	5	10
Free cash flow	16	23	19	-10	58	7
CFO / Operating profit %	84.2%	110.7%	144%	7.2%	151.3%	110.8%

Rajoo Engineers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

17

1

1

Compounded sales growth

Compounded profit growth

Return on equity

Rajoo Engineers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends17

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

17

1

1