Rajesh Power Services (BSE: RAJESH) had a P/E of 9.1× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 43% below their 52-week high. Sales and net profit grew 99% and 177% a year over 3 years; its ROCE of 44% is the highest among the 7 largest Engineering & Construction peers. Debt is 0.31× equity, and its dividend yield is 0.1%. It is listed on an SME platform with a market cap of ₹1,489 Cr, ranked 51st of 156 Engineering & Construction companies by market cap; the shares fell 44% over the past year.
- ₹831.00
- ₹839.00
- ₹811.00
- ₹830.20
- 96.4K
Health check
- ReturnsBehind
−43.6% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 9.1 vs industry 16.4.
- GrowthStrong
Sales +98.8%, profit +176.7% a year over 3 years.
- ProfitabilityStrong
ROCE 44.3% vs peer median 19.9%.
- Balance sheetFair
Debt 0.31× equity, interest covered 23.3×, Piotroski 4 of 9.
- Red flags1 to check
43% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,489 Cr
- Small cap
- P/E
- 9.1
- Industry 16.4
- Price to book
- 3.67
- Peers 4.92
- Dividend yield
- 0.13%
- ROE
- 42.7%
- Peers 17.9%
- ROCE
- 44.3%
- Peers 19.9%
- Debt to equity
- 0.31
- Debt ₹127 Cr
- EPS (TTM)
- ₹90.87
- OPM (TTM)
- 11.4%
- Net margin 8.8%
- Sales growth
- +30.5%
- Latest quarter vs a year ago
- Profit growth
- +24.8%
- Latest quarter vs a year ago
- Price to sales
- 0.91
- EV/EBITDA 7.9
Strengths and risks
Strengths
- Return on equity of 42.7%.
- Return on capital employed of 44.3%.
- Quarterly profit up 24.8% on a year ago.
- Quarterly sales up 30.5% on a year ago.
- P/E of 9.1 against an industry P/E of 16.4.
Risks to check
- 43% below its 52-week high.
About Rajesh Power Services
Rajesh Power Services Limited provides engineering, procurement, and construction contracting and services to power transmission and distribution utilities companies in India. The company undertakes turnkey projects for EHV cables and transmission lines, EHV substations, MV/HV/LV distribution systems, and solar projects; and offers operation and maintenance services operation and maintenance for EHV substations and solar plants. It also provides utility…
- Headquarters
- Ahmedabad
- Employees
- 2,134
- Sector
- Industrials
- ISIN
- INE0VN801010
- Website
- rajeshpower.com
Price range
- Avg volume (3M)
- 34K
- 1-year return
- minus 43.6%
- From 52-week high
- minus 43.4%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| RAJESHRajesh Power Services | 826.80 | minus 0.41% | 1,489 | 9.1 | 8.0 | 44.3% | 11.4% | 0.31 | 98.8% | minus 43.6% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +98.8%
- Profit CAGR 3Y
- +176.7%
- EPS CAGR 3Y
- +176.7%
- ROE
- 42.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 207 | 285 | 1,071 | 1,627 | |
| – | +37.5% | +276.0% | +51.9% | |
| 193 | 251 | 946 | 1,426 | |
| 14 | 34 | 125 | 201 | |
| 6.8% | 11.9% | 11.7% | 12.4% | |
| 2.7 | 8.1 | 4.9 | 4.8 | |
| 7 | 7.3 | 7.7 | 8.8 | |
| 0.9 | 0.7 | 1.1 | 1.1 | |
| −0.2 | – | 1 | −0.7 | |
| 8.6 | 34.1 | 122 | 196 | |
| 21.5% | 23.6% | 21.1% | 26.8% | |
| 6.8 | 26 | 96.6 | 143 | |
| – | +285.4% | +271.3% | +48.2% | |
| 3.75 | 14.45 | 59.75 | 79.52 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.2 | 15.2 | 18 | 18 | |
| 43.4 | 68.4 | 247 | 388 | |
| 59.7 | 80.4 | 77.9 | 127 | |
| 79.9 | 79.1 | 214 | 409 | |
| 198 | 243 | 557 | 942 | |
| 19 | 19.8 | 18.3 | 19.2 | |
| – | – | – | 1 | |
| 15.5 | 0.3 | 26.9 | 328 | |
| 18.2 | 2.9 | 22.5 | 2.2 | |
| 146 | 220 | 489 | 592 | |
| 198 | 243 | 557 | 942 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.4 | −14.7 | −26.7 | −41.4 | |
| −5.4 | 6.3 | −21.1 | −16.1 | |
| −11.6 | 8.3 | 67 | 36.7 | |
| −1.6 | −0.1 | 19.3 | −20.8 | |
| −3.6 | −1.5 | −1.7 | −2.2 | |
| 11.8 | −16.2 | −28.4 | −43.6 | |
| −0.4 | −0.4 | −0.8 | −1.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.