R. J. Shah & Company (BSE: RJSHAH) had a P/E of 5.6× on 6 Nov 2026, and the shares are 22% below their 52-week high. It earns ROCE of 7.8% and ROE of 5.7%, and sales fell 0.2% a year over 3 years while net profit grew 61%, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 0.5%. It is a small-cap company with a market cap of ₹13 Cr; the shares fell 19% over the past year.
- ₹483.00
- ₹483.00
- ₹480.00
- ₹460.00
- 100
Health check
- ReturnsWeak
−19.1% over the past year.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales −0.2%, profit +60.8% a year over 3 years.
- ProfitabilityWeak
ROCE 7.8%.
- Balance sheetSolid
Practically debt-free.
- Red flags2 to check
Return on equity is low at 5.7%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹13 Cr
- Small cap
- P/E
- 5.6
- Price to book
- 0.31
- Book value ₹1,541.98
- Dividend yield
- 0.52%
- ROE
- 5.7%
- Return on equity
- ROCE
- 7.8%
- Return on capital employed
- Debt to equity
- 0.03
- Debt ₹1.23 Cr
- EPS (TTM)
- ₹86.31
- OPM (TTM)
- −59.2%
- Net margin 891.7%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- +5.8%
- Latest quarter vs a year ago
- Price to sales
- 49.59
- EV/EBITDA 12.5
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 5.7%.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About R. J. Shah & Company
R. J. Shah & Company Limited engages in construction of small and medium size hydroelectric project with EPC contract or civil work with hydro mechanical works in India. The company is primarily involved in the underground works of tunnels, cavern shafts, inclined tunnels with government and semi governments or various electricity boards, railways, atomic power stations, irrigation, etc. and work receipts. R. J. Shah & Company Limited was incorporated in…
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE712Z01019
- Website
- rjshahandco.com
Price range
- Avg volume (3M)
- 35
- 1-year return
- minus 19.1%
- From 52-week high
- minus 22.5%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | – | – | 0.3 | – | |
| – | – | – | −1.9 | – | |
| −0.4 | −0.5 | −0.2 | 2.2 | −0.4 | |
| – | – | – | 804.3% | – | |
| 0.6 | 0.6 | 0.5 | 0.5 | 0.7 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.2 | 0 | 0.3 | 2.7 | 0.2 | |
| 25.2% | 75.6% | 27.6% | 24.9% | 24.8% | |
| 0.2 | 0 | 0.2 | 2 | 0.2 | |
| 6.30 | 0.26 | 7.92 | 71.46 | 6.67 |
Profit & loss
- Sales CAGR 3Y
- −0.2%
- Profit CAGR 3Y
- +60.8%
- EPS CAGR 3Y
- +60.8%
- ROE
- 5.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | – | 10.5 | 0.3 | |
| 1 | – | 4.2 | −1.3 | |
| −0.7 | −0.7 | 6.2 | 1.5 | |
| −266.2% | – | 59.5% | 568.3% | |
| 1.7 | 1.8 | 1.8 | 2.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.1 | 3.6 | −0.1 | −0.2 | |
| 0.8 | 4.4 | 7.7 | 3.2 | |
| 27.1% | 15.9% | 25.4% | 25.6% | |
| 0.6 | 3.7 | 5.8 | 2.4 | |
| – | +545.7% | +54.0% | minus 58.2% | |
| 20.66 | 133.39 | 205.44 | 85.94 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.3 | 0.3 | 0.3 | |
| 31.3 | 35 | 40.6 | 42.9 | |
| 1.2 | 1.2 | 1.2 | 1.2 | |
| 0.3 | 5.1 | 2.7 | 1.5 | |
| 33.1 | 41.5 | 44.8 | 45.9 | |
| 1 | 0.8 | 0.7 | 1 | |
| 30.4 | 31.6 | 32.4 | 39.9 | |
| 0.3 | 0.4 | 0.4 | 0.5 | |
| 1.4 | 8.8 | 11.2 | 4.5 | |
| 33.1 | 41.5 | 44.8 | 45.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.1 | −4.6 | −1.8 | −1.3 | |
| 1.4 | 4.9 | 1.8 | 2 | |
| −0.2 | −0.2 | −0.2 | −0.2 | |
| 0.1 | 0.1 | −0.3 | 0.4 | |
| −0.3 | −0 | −0 | −0.3 | |
| −1.4 | −4.7 | −1.8 | −1.7 | |
| −0.1 | −0.1 | −0.1 | −0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.8% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.