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Rajoo Engineers Ltd (RAJOOENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522257 NSE: RAJOOENG Engineering - Industrial Equipments | Small Cap | Rajoo Engineers Share Price

₹56.12 -0.42 (-0.74%)

As on 24-Jun'26 16:59

Rajoo Engineers Ltd (RAJOOENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522257 NSE: RAJOOENG Engineering - Industrial Equipments | Small Cap | Rajoo Engineers Share Price

₹56.12 -0.42 (-0.74%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,003 Cr.
Current Price
₹56.1
52-Week Low / High
₹46 / 146
TTM EPS
₹2.4
TTM Sales
₹298 Cr.
Book Value per Share
₹18.6
P/E Ratio
23.17
In line with its 5-year historical median
Industry PE
59.4
Price to Book (P/B)
3.02
Lower than its 5-year historical median
Price to Sales (P/S)
3.36
In line with its 5-year historical median
EV/EBITDA
14.30
In line with its 5-year historical median
Dividend Yield
0.27%
Profitability Efficiency
Return on Equity (ROE)
25.91%
Outperforms industry median
Return on Capital Employed (ROCE)
34.95%
Outperforms industry median
Return on Assets (ROA)
13.21%
Operating Profit Margin
18.4%
Net Profit Margin
13.92%
Gross Profit Margin
20.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
28.53%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
74.69%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
79.1%
Asset Quality
Promoter Holding
60.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹314 Cr.
Equity
₹17.9 Cr.
Face Value
₹1
All Time Low / High
₹0.14 / 332.93

Rajoo Engineers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Rajoo Engineers Ltd a good quality company?
Rajoo Engineers Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Rajoo Engineers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Rajoo Engineers Ltd vs industry peers?
Rajoo Engineers Ltd revenue CAGR is 22.09%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Rajoo Engineers Ltd?
Promoters hold 60.70% of the Rajoo Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Rajoo Engineers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rajoo Engineers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 18.2%22.9%30.7%14.4%4.6%20.2%23%13.5%24.1%35%-
Value Creation
Index
0.30.61.20.0-0.70.40.60.00.71.5-

Growth Parameters

Sales 10711114512293.5152172160197254298
Sales YoY Gr.-4.2%30.5%-15.8%-23.7%62.8%13%-7.1%23.5%28.5%-
Adj EPS 0.30.40.70.50.10.60.90.61.22.12.4
YoY Gr.-36.7%80.5%-35.1%-81.3%600%39.7%-36.4%112.5%79.8%-
BVPS (₹) 2.42.83.744.14.85.76.27.39.318.6
Adj Net
Profit
4.76.312.27.91.510.414.49.319.535.143
Cash Flow from Ops. 17.18.514.3-9.422.415.521.618.70.670.5-
Debt/CF from Ops. 0.40.81-20.40.200.12.10-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.1%22.1%13.8%28.5%
Adj EPS 24.4%88.5%34.5%79.8%
BVPS16.4%17.8%17.7%28.2%
Share Price 25% 38.6% 50.9% -51.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.315.723.512.62.214.316.79.417.625.817.4
Op. Profit
Mgn %
9.211.114.511.67.812.312.28.813.518.418.1
Net Profit
Mgn %
4.45.68.46.51.66.88.45.89.913.914.5
Debt to
Equity
0.20.20.30.30.1000000
Working Cap
Days
136160185237311199160170199217229
Cash Conv.
Cycle
3434599214790799812713359

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales10711114512294152172160197254
Operating Expenses + 979912410886134151146171207
Manufacturing Costs9812981112131518
Material Costs70658472529310599117141
Employee Cost 9111412121417182024
Other Costs 10151514141617161825
Operating Profit 1012211471921142747
Operating Profit Margin (%) 9.1%11.1%14.4%11.6%7.8%12.3%12.2%8.8%13.5%18.4%
Other Income + 0111013345
Exceptional Items 0000000000
Interest 0112210011
Depreciation 3234433344
Profit Before Tax 71018921520132647
Tax 24610453712
Profit After Tax 5612811015102035
PAT Margin (%) 4.3%5.6%8.3%6.4%1.6%6.8%8.6%6.3%10.0%13.9%
Adjusted EPS (₹)0.30.40.70.50.10.60.90.61.22.2
Dividend Payout Ratio (%)31.70%23.20%12.80%7.80%0%0%10.40%21.50%7.80%7%

Valuation of Rajoo Engineers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 37436066687994102119153
Share Capital 66666666616
Reserves 3138546061728896113137
Debt +771417610210
Long Term Debt0047410000
Short Term Debt771010210210
Minority Interest0000000000
Trade Payables16242720302320203030
Others Liabilities 183148243743345070131
Total Liabilities 78105149127141146148174220314

Fixed Assets

Net Fixed Assets +18294747434138374255
Gross Block364970737474757786102
Accumulated Depreciation18212326303337404448
CWIP 6121223351
Investments 322222131146
Inventories1224554161555357103130
Trade Receivables132431612115171615
Cash Equivalents 89142101925443387
Others Assets 1715251912161171720
Total Assets 78105149127141146148174220314

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 17814-922152219171
PBT 71018921520132647
Adjustment 3335645873
Changes in Working Capital 10-2-4-2017102-2629
Tax Paid -3-3-3-4-2-4-4-5-7-8
Cash Flow From Investing Activity + -6-7-307-6-10-12-13-11-63
Capex -6-8-22-3-0-1-2-0-12-12
Net Investments 01000-23-10-124-51
Others 00-810-6140-2-31
Cash Flow From Financing Activity + -4-111-1-13-6-3-2-3-2
Net Proceeds from Shares 0070000000
Net Proceeds from Borrowing 0043-3-3-1000
Interest Paid -0-1-1-2-2-1-0-0-1-1
Dividend Paid -30-2-2000-2-2-2
Others 0-040-9-1-2-0-0-0
Net Cash Flow 81-4-33-073-145

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.9315.6523.3212.52.214.2317.1610.2117.7725.91
ROCE (%)18.2122.9330.6614.424.5920.1522.9913.4524.1134.95
Asset Turnover Ratio1.521.311.150.890.71.061.170.9910.95
PAT to CFO Conversion(x)3.41.331.17-1.13221.51.471.90.052.03
Working Capital Days
Receivable Days49.9055.6034.4028.5053.7027.801724.2029.9022.20
Inventory Days43.8055.3099.90143.20197.80137.90113.60124.70147.50167.90
Payable Days80.30110.70109.50116.60176.1010473.7073.3076.8077.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Rajoo Engineers Ltd FAQs

The current trading price of Rajoo Engineers on 24-Jun-2026 16:59 is ₹56.12.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Rajoo Engineers stood at ₹1,002.7 Cr

The latest P/E ratio of Rajoo Engineers as of 23-Jun-2026 is 23.17.

The latest P/B ratio of Rajoo Engineers as of 23-Jun-2026 is 3.02.

The 52-week high of Rajoo Engineers is ₹146.1 and the 52-week low is ₹46.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajoo Engineers is ₹298 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajoo Engineers Ltd is a good quality company.

The key valuation ratios of Rajoo Engineers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rajoo Engineers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Rajoo Engineers Ltd

Rajoo Engineers, having made a modest beginning in 1986, has emerged as an undisputed global player in blown film and sheet extrusion lines. Inspired by a unique blend of spiritual professionalism and technological prowess, the company has become major supplier of world class machines at affordable prices.

The company entered into development of various extrusion systems and delivered its first PPTQ film plant in 1988. And since then, never looked back, continuing to add one after the another extrusion line into its product range consistently.

The company made an initial public offering in 1994 and received an overwhelming response from the capital market culminating in over-subscription by about 24 times, which by itself is a record in the Asian Plastic Machinery Manufacturing Industry.

It is a fact that none of their customers have ever gone sick. It is also a fact that all the customers when expanding or diversifying, have repeatedly ordered for their machines which is an ample proof of customer satisfaction. Repeat orders contribute to more than 60% of company's sales.

The company enjoys the largest market share of blown film lines, sheet lines and thermoformers on the Indian sub-continent. Leadership amongst the Asian manufacturers of such equipments is undisputedly established.

The exports constitute over 60% of its total sales. The company now enjoys successful and satisfied customer base across the globe. CE compliant machines have been sold into Germany and also to U.K. and U.S.A., a major break-through, supplying to the very source of such machines.

The company's machines also operate from as far as in, Colombia, Ecuador and Mexico in Latin America, Kenya, Tanzania, Sudan and Uganda in East Africa, Ghana and Nigeria in West Africa, Angola, Lesotho, Namibia and Zambia in South Africa, Iran, Kuwait, and U.A.E. in the Gulf. Closer home, the company has witnessed growth of satisfied customers in Bangladesh, Japan, Malaysia, Nepal, Pakistan, Papua New Guinea, Russia, Sri Lanka, Thailand and Vietnam.

Product range of the company includes:

The company is engaged in the design and manufacture of an impressive range of blown film lines, sheet lines and thermo formers:

  • Monolayer Blown Film Lines
  • Multilayer Blown Film Lines
  • Downward Extrusion Blown Film Lines
  • Foam Extrusion Lines
  • Mono & Multilayer Sheet Lines
  • Thermoforming Machine

Milestones

  • 1986  Commenced business as Rajoo Engineers at Manavadar, a small village in Junagadh district to manufacture cutting-sealing machines. 
  • 1988  Ventured into the manufacture of blown film lines and delivered first PPTQ blown film line. 
  • 1990  Made an entry into the International market with maiden export of a blown film line to Tanzania.
  • 1990  Launched the first ever blown film line to manufacture chemically foamed PE films and displayed the line at Plastindia 1990. 
  • 1991  Introduced the first Indian co-extrusion feed block for multilayer sheet line and today command the largest market share of sheet extrusion lines in India. 
  • 1994  Begun operations at Rajkot. Entered into a technical collaboration with a British company. Went public and the issue was over-subscribed by nearly 24 times.
  • 1994  Introduced the first ever indigenously designed and developed Oscillating Haul-off System for blown film lines and displayed at Plastindia 1994.
  • 1995  Introduced the first indigenously designed extruder incorporating grooved feed bush, barrier screw and cross-hole mixing section.
  • 1995  Introduced the first indigenously designed wide width blown film line for a lay-flat width of 3000 mm.
  • 1996  Exported country’s first “CE” marked machine to the most demanding European market and since regularly exporting to Europe.
  • 1997  Introduced an Internal Bubble Cooling System for blown film lines and displayed at Plastindia 1997. 
  • 1999  Secured ISO 9001 certification and further improved the quality management systems. The company has now graduated to ISO 9001:2000.
  • 2000  Introduced stack type Universal Co-Extrusion Die christened UCD® in Asia. The die was displayed on a five layer co-extrusion blown film line at Plastindia2000.
  • 2000  Launched the first ever sheet line for PET at Plastindia 2000, which received overwhelming response from India and abroad. 
  • 2001  Introduced world’s highest output TQPP downward extrusion blown film line at Plastivision 2002, christened Aquaflex. 
  • 2002  Introduced India's first Electro-hydro-pneumatic plug-assist thermoformer with in-mould cutting for Polypropylene & PS containers.
  • 2003  Introduced world’s first two layer TQPP downward extrusion blown film line displayed at Plastindia 2003. The line is an alternative to produce lower end BOPP films for lamination. This line was also displayed at K-2004.
  • 2003  Awarded Export Excellence Certificate from Engineering Export Promotion Council of India in recognition of highest exports during the year.
  • 2004  Received Gujarat Gaurav Award for its outstanding contributions to the plastic industry.
  • 2004  Became a Star Export House recognized by Government of India for excellent exports. 
  • 2004  Developed and supplied first sheet line for physically foamed PE sheets using carbon dioxide as blowing agent.
  • 2004  Developed a CE compliant high output sheet line for processing PET regrind at the rate of 700 kg/hr and exported the same to Germany.
  • 2005  Developed Asia's first seven layer blown film die and exported to Colombia.
  • 2005  Developed Asia's first resin sack blown film line and exported to Iran.
  • 2006  Developed Asia’s first seven layer blown film line incorporating conical spiral stack (INCOSS)® die and displayed at Plastindia 2006.
  • 2006  Developed Asia’s first three layer blown film line incorporating fully automatic touch screen control and 2100 mm roll width oscillating haul-off and fully automatic center-surface-gap winder exported to Gulf.
  • 2006  Developed Asia’s first three layer wide width blown film line incorporating die dia 1200 mm and 4000 mm LFW. The maximum output is 1000 kg/hr.
  • 2007  Entered into technical collaboration with Commodore Inc. USA for manufacture of XPS sheet line and thermoformar.
  • 2008  Entered into technical collaboration with Techno Coating Engineering, Italy for manufacture of Cast film lines.

Achievements/ recognition:

  •  An ISO 9001:2000 certified company
  • 2010 - Vacuum forming machine with mould: model RECR - 7086 XPS received an award in "Machinery for packing operations" from IPMMI - IMDIR 2009
  • 2011 - Recognition of excellence for "Three Layer Lab-Line - LabEX Machine" in the category of "Machinery for Package Conversion" Presented at Mumbai on 23rd March 2012
  • 2013 - Lifetime Achievement Award
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