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RJ Shah & Company Ltd (509845) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 509845 NSE: | Engineering - Construction | Small Cap

RJ Shah & Co Share Price

501.65 0.00 (0.00%)
As on 04-Mar'26 16:59

RJ Shah & Company Ltd (509845)

BSE: 509845 NSE:
Key Metrics
Market Cap
₹14 Cr.
P/E Ratio
2.43
Price to Book (P/B)
0.34
Price to Sales (P/S)
1.34
EV/EBITDA
1.89
Return on Capital Employed (ROCE)
20.00%
Current Price
₹501.7
Return on Equity (ROE)
15.14%
Return on Assets (ROA)
13.36%
Operating Profit Margin
58.6%
Net Profit Margin
55.01%
Gross Profit Margin
74.4%
Book Value per Share
₹1,469.9
Sales Growth (YoY)
NA%
Sales Growth (3 Years)
NA%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
N/A%
Net Profit Growth (1 Year)
53.74%
52-Week Low / High
₹422 / 660
Net Profit Growth (3 Years)
119.33%
Dividend Yield
0.49%
Promoter Holding
52.89%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of RJ Shah & Company Ltd?
RJ Shah & Company Ltd revenue growth is 0% for FY-2025 , which is above its 5 year CAGR of -7.7% , indicating faster growth.
Q.1 Promoter shareholding and pledge status of RJ Shah & Company Ltd?
Promoters hold 52.89% of the RJ Shah & Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of RJ Shah & Company Ltd vs industry peers?
RJ Shah & Company Ltd revenue CAGR is -7.71% , compared to the industry median CAGR of 0% , indicating slower growth and losing its market share.
Q.1 Which industry/sub-sector does RJ Shah & Company Ltd belong to?
RJ Shah & Company Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.
Q.1 Stock return of RJ Shah & Company Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 5.9% based on the current price.

DeciZen - make an informed investing decision on RJ Shah & Co

Based on:

M-Cap below 100cr DeciZen not available

RJ Shah & Company stock performance

Key Ratios
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Is RJ Shah & Company Ltd an attractive stock to invest in?

1. Is RJ Shah & Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that RJ Shah & Company Ltd is a below average quality company.

2. Is RJ Shah & Company Ltd undervalued or overvalued?

The key valuation ratios of RJ Shah & Company Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is RJ Shah & Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of RJ Shah & Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

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.
RJ Shah & Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.6%36%2.9%16.5%30.1%2.7%2.8%2.9%13.2%20%-
Value Creation
Index
-0.91.6-0.80.21.2-0.8-0.8-0.8-0.10.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0.814.504.415.6000.3010.510
Sales YoY Gr.-1,695.1%-100%NA255%-100%NANA-100%NA-
Adj EPS 3.2164.513.598.722318.618.218.444.6205.4206.1
YoY Gr.-4993.8%-91.8%633.4%125.9%-91.6%-2.3%1%142.3%360.8%-
BVPS (₹) 578.5731766.8863.71,081.71,090.41,107.31,125.51,256.41,457.91,469.9
Adj Net
Profit
0.14.60.42.86.30.50.50.51.35.86
Cash Flow from Ops. -0.68-1.21.79.9-1.6-2-1.1-4.6-1.8-
Debt/CF from Ops. -2.20.2-10.70.1-0.8-0.6-1.2-0.3-0.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 32.9%-7.7%NANA
Adj EPS 58.6%-1.6%124.3%360.8%
BVPS10.8%6.2%9.6%16%
Share Price 5.9% -10.1% 7.3% 4.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.624.91.81222.81.71.71.63.715.114.1
Op. Profit
Mgn %
-27.441.2063.54000-273058.665.2
Net Profit
Mgn %
11.131.7062.84000189.205555.2
Debt to
Equity
0.10.10.10.1000000-
Working Cap
Days
5,00824907361440047,68001,44925
Cash Conv.
Cycle
4,18617004637100957019116

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.10%

Net Profit is growing at healthy rate in last 3 years 124.28%

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 206.1 -
TTM Sales (₹ Cr.) 10.5 -
BVPS (₹) 1,469.9 -
Reserves (₹ Cr.) 41 -
P/BV 0.34 -
PE 2.43 -
From the Market
52 Week Low / High (₹) 422.00 / 660.00
All Time Low / High (₹) 34.50 / 995.00
Market Cap (₹ Cr.) 14.1
Equity (₹ Cr.) 0.3
Face Value (₹) 10
Industry PE 29.3

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 (%)

Valuation of RJ Shah & Co - Standalone Basis

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!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales0.8114.5404.4015.62000.27010.46
Operating Expenses + 1.048.540.471.619.371.1011.020.724.34
Manufacturing Costs0.932.010.300.200.760.120.210.060.290.09
Material Costs-0.750-0.7005.500-0.28-0.35-0.991.78
Employee Cost 0.390.570.350.470.570.440.500.530.550.83
Other Costs 0.475.970.530.932.540.540.570.770.871.64
Operating Profit -0.225.99-0.472.796.25-1.10-1-0.74-0.726.12
Operating Profit Margin (%) -27.4%41.2%-63.5%40.0%---273.0%-58.6%
Other Income + 0.681.181.241.302.382.021.981.755.361.79
Exceptional Items 0000000000
Interest 0.140.140.140.140.140.140.140.140.140.14
Depreciation 0.180.140.130.110.080.070.070.070.060.07
Profit Before Tax 0.146.900.503.848.420.710.770.794.447.71
Tax 0.042.290.121.082.140.190.220.220.711.95
Profit After Tax 0.104.610.382.776.280.520.550.583.745.75
PAT Margin (%) 12.0%31.7%-62.8%40.2%--212.4%-55.0%
Adjusted EPS (₹)3.5164.513.498.7224.118.619.520.7133.4205.4
Dividend Payout Ratio (%)29%6%11%5%4%13%13%12%2%1%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 16.4020.6521.6424.3330.4230.6531.1031.6035.2440.87
Share Capital 0.280.280.280.280.280.280.280.280.280.28
Reserves 16.1220.3721.3624.0530.1430.3730.8231.3234.9640.59
Debt +1.231.231.231.231.231.231.231.231.231.23
Long Term Debt0000000000
Short Term Debt1.231.231.231.231.231.231.231.231.231.23
Minority Interest0000000000
Trade Payables0.180.080.070.040.010.010.020.060.110.60
Others Liabilities 1.703.903.802.333.983.8944.224.881.95
Total Liabilities 19.5025.8626.7427.9335.6335.7736.3537.1041.4644.66

Fixed Assets

Net Fixed Assets +0.880.731.211.070.920.840.770.970.780.73
Gross Block6.446.406.406.405.415.425.435.603.523.56
Accumulated Depreciation5.565.675.195.324.484.584.674.632.752.83
CWIP 0000000000
Investments 0.030.020.020.020.020.02000.500.50
Inventories5.325.195.885.860.330.330.590.901.800
Trade Receivables4.4300000001.5310.26
Cash Equivalents 7.4916.4215.9818.6430.580.380.190.340.390.14
Others Assets 1.343.513.662.333.7834.1934.8034.8836.4633.03
Total Assets 19.5025.8626.7427.9335.6335.7736.3537.1041.4644.66

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.577.96-1.211.679.85-1.58-1.97-1.06-4.63-1.80
PBT 0.146.900.503.848.420.710.770.794.447.71
Adjustment -0.57-3.06-0.96-0.95-2.13-1.81-1.77-1.50-5.08-1.59
Changes in Working Capital -04.26-0.570.045.7-0.25-0.86-0.1-3.3-9.94
Tax Paid 00-0.18-1.27-2.15-0.24-0.10-0.25-0.702.02
Cash Flow From Investing Activity + 0.670.991.241.192.3921.981.414.891.76
Capex 0.03-0.01-000.10-0.010.05-0.213.67-0.03
Net Investments -0.010.02000000-0.500
Others 0.640.981.241.192.292.011.931.621.721.79
Cash Flow From Financing Activity + -0.04-0.03-0.47-0.19-0.30-0.42-0.21-0.21-0.21-0.21
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-0.13-0.13-0.13-0.14-0.14-0.14-0.14-0.14
Dividend Paid -0.04-0.03-0.34-0.05-0.17-0.28-0.07-0.07-0.07-0.07
Others 0000000000
Net Cash Flow 0.068.92-0.442.6711.930.01-0.190.150.05-0.25

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.625.131.7912.1123.041.721.771.8511.215.14
ROCE (%)1.6135.952.8716.5430.052.672.832.8713.2420
Asset Turnover Ratio0.040.6400.160.49000.0100.24
PAT to CFO Conversion(x)-5.71.73-3.180.61.57-3.04-3.58-1.83-1.24-0.31
Working Capital Days
Receivable Days2,09000000060206
Inventory Days2,2221320487720099500
Payable Days-1320-40010-19-42-3274

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RJ Shah & Company Ltd FAQs

The current trading price of RJ Shah & Co on 04-Mar-2026 16:59 is ₹501.6.

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 03-Mar-2026 the market cap of RJ Shah & Co stood at ₹14.05 Cr

The latest P/E ratio of RJ Shah & Co as of 03-Mar-2026 is 2.43.

The latest P/B ratio of RJ Shah & Co as of 03-Mar-2026 is 0.34.

The 52-week high of RJ Shah & Co is ₹660.0 and the 52-week low is ₹422.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RJ Shah & Co is ₹10.46 ( Cr.) .

About RJ Shah & Company Ltd

R J Shah & Company Ltd is a Public Company in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay Stock exchange in India.

Business area of the company

The company is engaged in construction of small and medium size Hydroelectric Project with EPC contract or civil work with Hydro Mechanical works since last several years. Company is specialized in underground works of tunnels, cavern shafts, inclined tunnels with government and semi governments or various Electricity Boards, Railways, Atomic power Station, Irrigation etc. and work receipts is mainly for these works.


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