Rajputana Stainless
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Yashkumar Shankarlal Mehta, Rajputana Stainless’ promoter and chief executive, bought 30,000 shares in the open market on 9 and 10 September. The purchases represented 0.04% of the company’s paid-up capital and lifted the promoter group’s holding to 37.79% from 37.75%. Mehta bought 50,000 shares in June, when the promoter group’s holding reached 37.75%. Rajputana Stainless manufactures stainless-steel long products and reported FY26 gross revenue of about ₹1,007 crore, with net debt near zero after its IPO.
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Yashkumar Shankarlal Mehta, Rajputana Stainless’ promoter and chief executive, bought 30,000 shares in the open market on 9 and 10 September. The purchases represented 0.04% of the company’s paid-up capital and lifted the promoter group’s holding to 37.79% from 37.75%. Mehta bought 50,000 shares in June, when the promoter group’s holding reached 37.75%. Rajputana Stainless manufactures stainless-steel long products and reported FY26 gross revenue of about ₹1,007 crore, with net debt near zero after its IPO.
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Rajputana Stainless approved contracts worth ₹16.21 crore plus GST for a 2.10 MW wind project and ₹22.71 crore plus GST for an 8 MWp solar project in Gujarat. Suzlon Energy will install the wind turbine at Jamjodhpur, while Prozeal Green Energy will execute the ground-mounted solar project at Banaskatha; both projects will serve the company's captive power needs. The wind contract has an 11-month execution period and the solar contract a four-month period. Rajputana Stainless reported FY26 revenue of about ₹1,007 crore, with cash of ₹102.43 crore and near-zero net debt at March.
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Rajputana Stainless approved contracts worth ₹16.21 crore plus GST for a 2.10 MW wind project and ₹22.71 crore plus GST for an 8 MWp solar project in Gujarat. Suzlon Energy will install the wind turbine at Jamjodhpur, while Prozeal Green Energy will execute the ground-mounted solar project at Banaskatha; both projects will serve the company's captive power needs. The wind contract has an 11-month execution period and the solar contract a four-month period. Rajputana Stainless reported FY26 revenue of about ₹1,007 crore, with cash of ₹102.43 crore and near-zero net debt at March.
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Rajputana Stainless approved contracts worth ₹38.92 crore plus GST for 2.10 MW of wind capacity from Suzlon Energy and an 8 MWp solar project from Prozeal Green Energy in Gujarat. The wind contract, valued at ₹16.21 crore plus GST, covered one Suzlon S120_140_2100kW turbine at Jamjodhpur and had an 11-month execution period. The solar contract was valued at ₹22.71 crore plus GST and was due to be executed in four months at Banaskatha. Both projects were intended to meet the company’s captive power needs. Rajputana Stainless generated FY26 gross revenue of about ₹1,007 crore, with an EBITDA margin of roughly 7%. Cash stood at ₹102.43 crore at 31 March, while much of its IPO proceeds remained in fixed deposits or escrow.
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Rajputana Stainless approved contracts worth ₹38.92 crore plus GST for 2.10 MW of wind capacity from Suzlon Energy and an 8 MWp solar project from Prozeal Green Energy in Gujarat. The wind contract, valued at ₹16.21 crore plus GST, covered one Suzlon S120_140_2100kW turbine at Jamjodhpur and had an 11-month execution period. The solar contract was valued at ₹22.71 crore plus GST and was due to be executed in four months at Banaskatha. Both projects were intended to meet the company’s captive power needs. Rajputana Stainless generated FY26 gross revenue of about ₹1,007 crore, with an EBITDA margin of roughly 7%. Cash stood at ₹102.43 crore at 31 March, while much of its IPO proceeds remained in fixed deposits or escrow.
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Sept 7 (Reuters) - Rajputana Stainless Ltd RJPS.NS:
GOT POWER PROJECT CONTRACTS VALUED AT 227.1 MILLION RUPEES, 162.1 MILLION RUPEES
Further company coverage: RJPS.NS
(([email protected];))
Sept 7 (Reuters) - Rajputana Stainless Ltd RJPS.NS:
GOT POWER PROJECT CONTRACTS VALUED AT 227.1 MILLION RUPEES, 162.1 MILLION RUPEES
Further company coverage: RJPS.NS
(([email protected];))
May 25 (Reuters) - Rajputana Stainless Ltd RJPS.NS:
RAJPUTANA STAINLESS LTD MARCH-QUARTER PROFIT 131 MILLION RUPEES
RAJPUTANA STAINLESS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 2.55 BILLION RUPEES
Source text: [ID:]
Further company coverage: RJPS.NS
(([email protected];))
May 25 (Reuters) - Rajputana Stainless Ltd RJPS.NS:
RAJPUTANA STAINLESS LTD MARCH-QUARTER PROFIT 131 MILLION RUPEES
RAJPUTANA STAINLESS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 2.55 BILLION RUPEES
Source text: [ID:]
Further company coverage: RJPS.NS
(([email protected];))
** Shares of Rajputana Stainless RJPS.NS down 6.3% to 114.4 rupees in debut trade
** The stainless steel manufacturer opened at 122 rupees on NSE vs issue price of 122 rupees
** Co's total market cap is 9.61 bln rupees ($103 mln), according to exchange website
** IPO included a fresh issue of 14.7 mln shares, offer for sale of 6.3 mln shares; subscribed 1.12 times
($1 = 93.2880 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Rajputana Stainless RJPS.NS down 6.3% to 114.4 rupees in debut trade
** The stainless steel manufacturer opened at 122 rupees on NSE vs issue price of 122 rupees
** Co's total market cap is 9.61 bln rupees ($103 mln), according to exchange website
** IPO included a fresh issue of 14.7 mln shares, offer for sale of 6.3 mln shares; subscribed 1.12 times
($1 = 93.2880 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
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What does Rajputana Stainless do?
Rajputana Stainless Limited, founded in 1991, manufactures long and flat stainless-steel products including billets, forging ingots, rolled black/bright bars, flats and patti under the RSL brand. It operates in the B2B manufacturing segment, supplying industries like pipes, forging, engineering and automotive.
Who are the competitors of Rajputana Stainless?
Rajputana Stainless major competitors are Mukand, Panchmahal Steel, Mangalam Worldwide, Electrotherm (India). Market Cap of Rajputana Stainless is ₹1,513 Crs. While the median market cap of its peers are ₹1,203 Crs.
Is Rajputana Stainless financially stable compared to its competitors?
Rajputana Stainless seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Rajputana Stainless pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Rajputana Stainless latest dividend payout ratio is 8.39% and 3yr average dividend payout ratio is 8.39%
How has Rajputana Stainless allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Rajputana Stainless balance sheet?
Balance sheet of Rajputana Stainless is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Rajputana Stainless improving?
Yes, profit is increasing. The profit of Rajputana Stainless is ₹56.8 Crs for TTM, ₹49.82 Crs for Mar 2026 and ₹39.85 Crs for Mar 2025.
Is the debt of Rajputana Stainless increasing or decreasing?
The net debt of Rajputana Stainless is decreasing. Latest net debt of Rajputana Stainless is -₹200.52 Crs as of Mar-26. This is less than Mar-25 when it was ₹92.21 Crs.
Is Rajputana Stainless stock expensive?
Yes, Rajputana Stainless is expensive. Latest PE of Rajputana Stainless is 30.36, while 3 year average PE is 25.22. Also latest EV/EBITDA of Rajputana Stainless is 14.99 while 3yr average is 12.98.
Has the share price of Rajputana Stainless grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Rajputana Stainless?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 57.09% and last quarter promoter holding is 57.03%.
Are mutual funds buying/selling Rajputana Stainless?
There is Insufficient data to gauge this.