NSE: RAJOOENG · BSE: 522257
RAJOO ENGINEERS LIMITED
Manufactures plastics extrusion machinery and printing/converting equipment for the plastics and packaging industry, running out of a manufacturing facility called Shree Yantralaya with a planned 80-acre manufacturing park. FY26 revenue was Rs. 344.25 crore with net profit of Rs. 48.90 crore, and capacity utilisation ran at 70-75% during the year. The standalone operation makes extrusion lines, while a 60% subsidiary, Kohli Printing and Converting Machines, contributed Rs. 46.39 crore of revenue in Q1 FY27, and a joint venture with Bausano added Rs. 4.46 crore in the same quarter. Exports are a meaningful share of sales — Q4 FY26 was hit by geopolitical shipment delays, while Q1 FY27 consolidated revenue rebounded to Rs. 123.07 crore, up 44.66% YoY. Raw materials are the dominant cost at 68.5% of revenue, followed by other operating expenses at 17.7% and employee costs at 8.8%. The company moved to the main boards of NSE and BSE on March 12, 2026 and raised Rs. 160 crore through a QIP. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastics extrusion machinery (standalone), Printing and converting machinery (Kohli Printing subsidiary), Extrusion technology (Rajoo Bausano Extrusion JV). Cyclical, export-linked capital goods manufacturer
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 197 | 254 | 344 |
| EBITDA (ex other income) | 27 | 47 | 61 |
| margin % | 13.5 | 18.4 | 17.8 |
| Owners' profit | 21 | 38 | 48 |
| EPS, as reported (₹) | 3.41 | 2.32 | 2.74 |
| ROE % · ROCE % | 16.6 · 20.7 | 23.4 · 28.5 | 13.6 · 17.2 |
| Debt / equity (x) | 0.01 | 0.00 | 0.07 |
| Cash from operations | 1 | 71 | 68 |
| Capex | (12) | (12) | (61) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 | 56 | 90 | 85 | 92 | 88 | 79 | 123 |
| Profit before tax | 9 | 12 | 19 | 19 | 20 | 21 | 2 | 22 |
| Net profit | 8 | 9 | 15 | 15 | 14 | 17 | 2 | 17 |
| EPS (₹) | 0.64 | 0.57 | 0.93 | 0.92 | 0.81 | 0.92 | 0.09 | 0.87 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.3 | 26.7 | 49 of 130 | 63% |
| P/B | 2.6 | 3.1 | 50 of 112 | 55% |
| ROCE | 16.6 | 11.3 | 43 of 142 | 70% |
| ROE | 13.6 | 9.8 | 34 of 113 | 71% |
| Debt / Equity | 0.1 | 0.2 | 37 of 113 | 68% |
| EBITDA margin | 20.4 | 12.4 | 29 of 110 | 74% |
| Revenue growth | 44.7 | 20.6 | 27 of 114 | 77% |
| Profit growth | 15.5 | 17.1 | 56 of 109 | 49% |
| Market cap | 929 | 273 | 44 of 141 | 69% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Q2 and H1 FY27: Revenue rises, profit and margins fall | compliance | low | — | — |
| 28 Oct 2026 · Rajoo Engineers submits investor presentation to exchange | investor communications | medium | — | — |
| 26 Oct 2026 · Newspaper publication of September 2026 financial results | compliance | minimal | — | — |
| 24 Oct 2026 · Sep 2026 results: half-year revenue up 27%, but profit and margins down | results | high | — | — |
| 17 Oct 2026 · Board meeting on Oct 24 to consider Q2 and H1 FY26 results | results | low | — | — |
| 8 Oct 2026 · Submission of Q2 dematerialisation confirmation certificate | compliance | minimal | — | — |
| 30 Sept 2026 · AGM approves appointment of two Directors | management changes | medium | — | — |
| 30 Sept 2026 · Rajoo Engineers 39th AGM: all 8 resolutions passed, final dividend declared | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 39th AGM held Sep 29, 2026; final dividend of Rs 0.15 per share approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for Q2 and H1 FY26 results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.