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Rajputana Stainless (RSL) had a P/E of 20.2× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 17% below their 52-week high. Sales and net profit grew 2.0% and 27% a year over 3 years, with ROCE of 22% and ROE of 19%. Debt is 0.19× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹1,394 Cr, ranked 48th of 150 Steel companies by market cap; the shares rose 48% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹169.00
Day high
₹173.89
Day low
₹165.00
Prev. close
₹167.83
Volume
1.5 L

Health check

3 good · 3 fair
  • ReturnsAhead

    +47.6% over a year, better than 7 of 7 peers.

  • Price tagIn line

    P/E 20.2 vs industry 19.9.

  • GrowthSteady

    Sales +2.0%, profit +27.5% a year over 3 years.

  • ProfitabilityStrong

    ROCE 22.3% vs peer median 18.7%.

  • Balance sheetFair

    Debt 0.19× equity, interest covered 4.8×, Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹1,394 Cr, #48 of 150 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,082 Cr · profit ₹59 Cr
Market cap
₹1,394 Cr
Small cap
P/E
20.2
Industry 19.9
Price to book
3.84
Peers 2.28
Dividend yield
0.29%
ROE
19.3%
Peers 23.4%
ROCE
22.3%
Peers 18.7%
Debt to equity
0.19
Debt ₹69 Cr
EPS (TTM)
₹8.25
Face value ₹10
OPM (TTM)
9.2%
Net margin 5.4%
Sales growth
+32.4%
Latest quarter vs a year ago
Profit growth
+80.5%
Latest quarter vs a year ago
Price to sales
1.29
EV/EBITDA 13.5

Strengths and risks

Strengths

  • Return on equity of 19.3%.
  • Return on capital employed of 22.3%.
  • Quarterly profit up 80.5% on a year ago.
  • Quarterly sales up 32.4% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Rajputana Stainless

Rajputana Stainless Limited manufactures and markets long and flat stainless-steel products under the RSL brand name in India and internationally. The company offers billets, forging ingots, rolled black bars, rolled bright bars, flat and patti bars, square bars, hexagonal bars, wire rods, flat bars, round corner squares, cold drawn flat bars, precision shaft quality bars, continuous cast billets, precipitation hardening steel, duplex steel, and other…

Headquarters
Kalol
Employees
385
Sector
Basic Materials
ISIN
INE313L01016
Website
rajputanastainless.com

Price range

52 weeks

₹101.70₹202.22

Today

₹165.00₹173.89
Avg volume (3M)
5.5 L
1-year return
plus 47.6%
From 52-week high
minus 17.5%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
RSLRajputana Stainless166.85minus 0.58%1,39420.215.522.3%9.2%0.192.0%plus 47.6%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Sep 25Mar 26Jun 26
248231269255307
–––+2.8%+32.4%
230211244231278
18.120.725.223.528.7
7.3%9.0%9.4%9.2%9.4%
10.9−0.422.3
54.555.81.7
2.12.32.32.42.1
––−0.1––
12.114.917.417.327.2
31.7%24.8%24.1%24.4%25.8%
8.311.213.213.120.2
–––+58.5%+80.5%
0.991.34–1.882.42

Dec 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.0%
Profit CAGR 3Y
+27.5%
EPS CAGR 3Y
+35.6%
ROE
19.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9469089301,005
–minus 4.0%+2.5%+8.1%
902849857911
43.859.273.794.3
4.6%6.5%7.9%9.4%
0.22.53.4−1.4
9.71213.817.5
6.98.38.89.4
1.20.90.10.4
28.642.354.666.4
15.9%25.3%27.1%24.9%
2431.639.949.8
–+31.5%+26.0%+25.0%
2.883.784.777.17

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
34.534.568.983.6
46.777.883280
43.579.810268.8
173132167168
297324420600
69.171.672.787.4
16.51.23.316.4
–––0.1
1.10.22.75.2
211251342491
297324420600

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25.131.57.132.1
−13.1−6.5−12−42
−12−254.9112
0−0−0102
−19.3−10.6−8.2−13
5.820.9−1.119.1

Shareholding pattern

Source: NSE filings
57.3%
promoters
  • Promoters57.33%
  • Public42.67%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202657.33%42.67%plus 0.24
30 Jun 202657.09%42.91%plus 0.06
31 Mar 202657.03%42.97%0.00
17 Mar 202657.03%42.97%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you