RAJKAMAL SYNTHETICS LTD.

A small BSE-listed entity classified under textiles that has, during FY26, restructured itself into a holding company with three recently acquired subsidiaries. It now consolidates Eliraluxe Skincare Pvt Ltd (100% stake, skincare), RKR Mines & Minerals Pvt Ltd (100% stake, mining — which itself picked up a 30% stake in Uttam Stone Mineral), and Indoframe Industries Pvt Ltd (51% stake, Jaipur-based manufacturer and fabricator of iron and steel structures). The standalone business continues to be reported as a single segment, and consolidated FY26 total income was Rs. 572.47 lakhs versus Rs. 206.66 lakhs in FY25, a 177% jump driven by the new subsidiaries. Consolidated FY26 net profit after tax was Rs. 27.61 lakhs versus Rs. 22.04 lakhs in FY25, on a consolidated revenue base of Rs. 10.99 crore. The company reports an EBITDA margin of 4.08% on FY26 revenue. Costs are light — employees at 1.9% of revenue and other operating expenses at 3.1% — with depreciation at 0.7% and no capex reported in the period. Reserves on a standalone basis remain deeply negative at Rs. (556.51) lakhs, reflecting accumulated historical losses, and cash and equivalents fell sharply from Rs. 7.75 crore to Rs. 1.28 crore on a standalone basis during FY26.