As of 6 Nov 2026, Rajasthan Securities trades at 6.9× trailing earnings, below the industry P/E of 12.1×. Its ROCE of 89% is the highest among the 7 largest Utilities (Regulated Gas) peers, though net profit is above operating profit, which points to a one-off gain. It is a small-cap company with a market cap of ₹462 Cr, ranked 8th of 9 Utilities (Regulated Gas) companies by market cap; the shares rose 37% over the past year.
- ₹60.10
- ₹60.20
- ₹60.10
- ₹60.30
- 13.6K
Health check
- ReturnsAhead
+37.1% over a year, better than 7 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 89.3% vs peer median 13.6%.
- Balance sheetFair
Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 150.7% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹462 Cr
- Small cap
- P/E
- 6.9
- Industry 12.1
- Price to book
- 3.95
- Peers 1.74
- Dividend yield
- 0.00%
- ROE
- 106.0%
- Peers 13.3%
- ROCE
- 89.3%
- Peers 13.6%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹8.65
- OPM (TTM)
- −45.5%
- Net margin 50.2%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- −150.7%
- Latest quarter vs a year ago
- Price to sales
- 3.48
Strengths and risks
Strengths
- Return on equity of 106.0%.
- Return on capital employed of 89.3%.
Risks to check
- Quarterly profit down 150.7% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About Rajasthan Securities
Rajasthan Securities Limited engages in investment and securities trading business in India. It trades in equity shares, derivative instruments, and capital placements. Rajasthan Securities Limited was formerly known as Rajasthan Gases Limited and changed its name to Rajasthan Securities Limited in November 2025. The company was incorporated in 1993 and is based in Nagpur, India.
- Headquarters
- Nagpur
- Employees
- 3
- Sector
- Utilities
- ISIN
- INE184D01026
- Website
- rsl.in
Price range
- Avg volume (3M)
- 1 L
- 1-year return
- plus 37.1%
- From 52-week high
- minus 6.1%
Peers · Utilities - Regulated Gas
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAILGAIL (India) | 185.79 | minus 0.11% | 1,22,158 | 9.7 | 12.8 | 9.1% | 11.6% | 0.25 | −0.9% | plus 2.4% |
| ATGLAdani Total Gas | 575.40 | minus 1.07% | 63,283 | 98.7 | 54.8 | 13.6% | 17.8% | 0.53 | 10.4% | minus 7.6% |
| GUJENERGYGUJARAT ENERGY | 216.18 | minus 3.77% | 20,283 | 9.2 | 5.5 | 12.2% | 12.7% | 0.17 | 12.1% | minus 44.8% |
| IGLIndraprastha Gas | 141.97 | plus 0.86% | 19,876 | 19.9 | 8.3 | 16.3% | 6.4% | 0.01 | 4.6% | minus 34.5% |
| MGLMahanagar Gas | 1,129.60 | plus 2.13% | 11,158 | 16.9 | 7.0 | 16.5% | 14.0% | 0.03 | 9.3% | minus 12.5% |
| STEAMHOUSESteamhouse India | 131.87 | minus 0.45% | 3,645 | 64.6 | 47.3 | 19.6% | 15.8% | 0.55 | 15.9% | plus 28.6% |
| IRMENERGYIRM Energy | 240.95 | plus 1.53% | 989 | 11.5 | 7.4 | 7.8% | 13.1% | 0.07 | 2.8% | minus 23.7% |
| RAJSECRajasthan Securities | 60.11 | minus 0.32% | 462 | 6.9 | 4.3 | 89.3% | −45.5% | – | – | plus 37.1% |
| Median of 7 peers | – | −0.11% | 19,876 | 16.9 | 8.3 | 13.6% | 13.1% | 0.17 | 9.3% | −12.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | – | – | 61.2 | 5 | |
| – | – | – | 3.1 | 9.4 | |
| 9.7 | 46 | −24.2 | 58.1 | −4.4 | |
| – | – | – | 94.9% | −87.1% | |
| 0 | 0 | 0.6 | 14.9 | 0 | |
| 0.1 | 0.3 | 0.4 | 0.1 | 0.4 | |
| – | – | – | 0 | 0.1 | |
| 9.6 | 45.8 | −24 | 72.9 | −4.9 | |
| – | 25.2% | – | 16.2% | – | |
| 9.6 | 34.2 | −24 | 61.1 | −4.9 | |
| 1.25 | 4.45 | -3.12 | 7.95 | -0.63 |
Profit & loss
- ROE
- 106.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | 8.2 | 106 | |
| – | – | 0.3 | 3.6 | |
| −0.7 | −0.1 | 7.9 | 103 | |
| – | – | 96.5% | 96.6% | |
| −0 | 0 | 0.1 | 2.5 | |
| 0.3 | 0.4 | – | 0.8 | |
| – | – | – | 0 | |
| −1 | −0.5 | 8 | 104 | |
| – | – | 12.7% | 22.4% | |
| −1 | −0.5 | 7 | 81 | |
| -1.92 | -0.06 | 0.91 | 10.54 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.6 | 23.1 | 23.1 | 23.1 | |
| 6.3 | 5.8 | 12.8 | 93.8 | |
| 4.8 | – | – | 0.1 | |
| 0 | 0 | 1.2 | 23.6 | |
| 12.8 | 28.9 | 37.1 | 141 | |
| – | – | – | 0.2 | |
| 10.7 | 28 | 30.5 | 13.2 | |
| 0.7 | 0.3 | 0.1 | 17.6 | |
| 1.3 | 0.5 | 6.4 | 110 | |
| 12.8 | 28.9 | 37.1 | 141 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.1 | −1 | 2.3 | −61.6 | |
| −7 | −16 | −2.5 | 63.2 | |
| 8.4 | 16.6 | – | −0.8 | |
| 3.4 | −0.4 | −0.2 | 0.8 | |
| – | – | – | −0.2 | |
| 2.1 | −1 | 2.3 | −61.9 |
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.