RAJPUTANA STAINLESS LIMITED

About

Rajputana Stainless Limited manufactures and markets long and flat stainless-steel products under the RSL brand name in India. The company offers billets, forging ingots, rolled black bars, rolled bright bars, flat and patti bars, square bars, hexagonal bars, wire rods, flat bars, round corner squares, and other ancillary products. Its products serve as a raw material for bar processing, seamless pipes, forging, wire manufacturing engineering, casting, fasteners, utensils manufacturing, pump and shaft, and auto industries. The company offers its products through direct sales and traders' network in the United Arab Emirates, the United States, Portugal, South Africa, Czech Republic, Turkey, Kuwait, and Poland. Rajputana Stainless Limited was incorporated in 1991 and is headquartered in Kalol, India.

Key Metrics

as of Sep 2026

Market Cap1,517 Cr

P/E25.80

Div Yield0.28 %

Book Value₹43.50

52w High₹185.00

52w Low₹102.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024
Sales	307.00	255.00	251.00	270.00	232.00	248.00	233.00
Expenses	278.00	231.00	227.00	245.00	211.00	230.00	214.00
Operating Profit	29.00	24.00	23.00	25.00	21.00	18.00	20.00
OPM %	9.00	9.00	9.00	9.00	9.00	7.00	8.00
Other Income	2.00	2.00	0.00	0.00	1.00	1.00	1.00
Depreciation	2.00	2.00	2.00	2.00	2.00	2.00	3.00
Interest	2.00	6.00	5.00	6.00	5.00	5.00	4.00
Profit before tax	27.00	17.00	17.00	17.00	15.00	12.00	14.00
Tax %	26.00	24.00	26.00	24.00	25.00	32.00	30.00
Net Profit	20.00	13.00	12.00	13.00	11.00	8.00	10.00
EPS in Rs	2.42	1.57	1.79	1.92	1.62	1.20	1.39

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Sales	1,007.00	932.00	910.00	952.00	770.00	428.00	432.00
Expenses	915.00	858.00	850.00	908.00	740.00	406.00	409.00
Operating Profit	92.00	74.00	59.00	44.00	31.00	22.00	23.00
OPM %	9.00	8.00	7.00	4.60	4.00	5.00	5.00
Other Income	4.00	5.00	6.00	3.00	2.00	2.00	1.00
Interest	20.00	16.00	14.00	11.00	11.00	12.00	12.00
Depreciation	9.00	9.00	8.00	7.00	5.00	4.00	4.00
Profit before tax	66.00	55.00	42.00	29.00	16.00	7.00	8.00
Tax %	25.00	27.00	25.00	16.00	49.00	70.00	42.00
Net Profit	50.00	40.00	32.00	24.00	8.00	2.00	4.00
EPS in Rs	5.96	5.78	9.18	6.98	2.41	0.65	1.27
Dividend Payout %	8.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Equity Capital	84.00	69.00	34.00	34.00	34.00	34.00	34.00
Reserves	280.00	83.00	78.00	47.00	36.00	28.00	26.00
Borrowings	69.00	102.00	80.00	80.00	92.00	73.00	77.00
Other Liabilities	168.00	167.00	132.00	136.00	128.00	118.00	100.00
Total Liabilities	600.00	420.00	324.00	297.00	291.00	253.00	237.00
Fixed Assets	71.00	70.00	70.00	53.00	57.00	57.00	54.00
CWIP	4.00	2.00	0.00	15.00	1.00	0.00	3.00
Investments	0.00	3.00	0.00	5.00	4.00	2.00	1.00
Other Assets	525.00	346.00	253.00	224.00	229.00	194.00	178.00
Total Assets	600.00	420.00	324.00	297.00	291.00	253.00	237.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash from Operating Activity	32.00	7.00	31.00	25.00	-2.00	15.00	19.00
Cash from Investing Activity	-42.00	-12.00	-6.00	-13.00	-6.00	-3.00	-4.00
Cash from Financing Activity	112.00	5.00	-25.00	-12.00	8.00	-13.00	-14.00
Net Cash Flow	102.00	0.00	0.00	0.00	0.00	0.00	1.00
Free Cash Flow	19.00	-1.00	21.00	6.00	-7.00	11.00	14.00
CFO/OP %	61.00	20.00	73.00	72.00	17.00	87.00	92.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Debtor Days	50.00	59.00	36.00	41.00	41.00	45.00	43.00
Inventory Days	82.00	66.00	53.00	41.00	65.00	121.00	108.00
Days Payable	59.00	65.00	52.00	46.00	62.00	107.00	93.00
Cash Conversion Cycle	74.00	59.00	36.00	36.00	45.00	60.00	58.00
Working Capital Days	56.00	37.00	24.00	17.00	20.00	14.00	0.00
ROCE %	25.00	32.00	32.00	24.00	18.00	14.00	—