New Risk • Jun 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.45b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₹9.45b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₹56.11, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 335% over the past three years. Reported Earnings • Apr 30
Full year 2026 earnings released: EPS: ₹2.74 (vs ₹2.32 in FY 2025) Full year 2026 results: EPS: ₹2.74 (up from ₹2.32 in FY 2025). Revenue: ₹3.54b (up 40% from FY 2025). Net income: ₹477.4m (up 25% from FY 2025). Profit margin: 14% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Rajoo Engineers Limited to Report Q4, 2026 Results on Apr 28, 2026 Rajoo Engineers Limited announced that they will report Q4, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹56.08, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 479% over the past three years. Reported Earnings • Jan 21
Third quarter 2026 earnings released: EPS: ₹0.92 (vs ₹0.54 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.92 (up from ₹0.54 in 3Q 2025). Revenue: ₹900.4m (up 61% from 3Q 2025). Net income: ₹164.3m (up 75% from 3Q 2025). Profit margin: 18% (up from 17% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
Rajoo Engineers Limited to Report Q3, 2026 Results on Jan 20, 2026 Rajoo Engineers Limited announced that they will report Q3, 2026 results at 3:30 PM, Indian Standard Time on Jan 20, 2026 New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹77.93, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 625% over the past three years. Announcement • Dec 20
Rajoo Engineers Limited Appoints Ms. Lakshmi Ramakrishnan as Non-Executive Independent Director, Effective September 23, 2025 Rajoo Engineers Limited has appointed Ms. Lakshmi Ramakrishnan as a Non-Executive Independent Director of the Company. The appointment was approved by the members of the Company through postal ballot by way of remote e-voting. Ms. Lakshmi Ramakrishnan will not be liable to retire by rotation and shall hold office for a term of five consecutive years commencing from September 23, 2025. Ms. Lakshmi Ramakrishnan is a seasoned industry professional with over 28 years of experience (1992–2020) in the manufacturing, engineering and retail sectors. She holds a Bachelor of Commerce (B. Com) degree and a Post Graduate Diploma in Human Resources. She served as the Chief Executive Officer of Essen Speciality Films Pvt. Ltd. from 2004 to 2020, where she led the company through significant growth and successfully managed operations achieving an annual turnover exceeding Rs. 100 Crores. She began her career with reputed organizations such as Ranbaxy Laboratories Ltd., Escorts JCB Ltd., and Secure Meters Ltd., where she gained extensive operational and cross-functional experience across HR, operations, finance, compliance, and strategic planning. Throughout her career, Ms. Lakshmi Ramakrishnan has demonstrated a strong focus on corporate governance, internal controls, regulatory compliance, and stakeholder engagement. She has successfully managed multiple third-party and client audits from global organizations such as IKEA, Walmart, SGS, KPMG, and Officeworks (Australia). Additionally, she spearheaded the automation of HR, payroll, and statutory reporting systems, ensuring alignment with board requirements. She has represented her organizations in various national and international trade exhibitions, strengthening brand visibility and customer engagement in global markets. Ms. Ramakrishnan also brings with her a well-rounded leadership perspective, combining strategic insight with operational execution. Her expertise spans across corporate governance, risk oversight, customer marketing, organizational development, and regulatory compliance, making her a valuable addition to the Board. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: ₹0.81 (vs ₹0.48 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.81 (up from ₹0.48 in 2Q 2025). Revenue: ₹958.5m (up 69% from 2Q 2025). Net income: ₹141.0m (up 78% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 20
Rajoo Engineers Limited to Report Q2, 2026 Results on Oct 30, 2025 Rajoo Engineers Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Sep 23
Rajoo Engineers Limited (BSE:522257) completed the acquisition of 60% stake in Kohli Printing And Converting Machines Private Limited. Rajoo Engineers Limited (BSE:522257) entered into an investment agreement to acquire 60% stake in Kohli Printing And Converting Machines Private Limited on September 10, 2025. A cash consideration will be paid by Rajoo Engineers Limited. The cost of acquisition is subject to customary conditions and post-closing adjustments, in accordance with the terms specified in the agreement executed between the parties.
For the period ending March 31, 2025, Kohli Printing And Converting Machines Private Limited reported total revenue of INR 1.03 billion.
The transaction is expected to be completed before September 30, 2025.
Rajoo Engineers Limited (BSE:522257) completed the acquisition of 60% stake in Kohli Printing And Converting Machines Private Limited on September 22, 2025. Declared Dividend • Sep 04
Dividend of ₹0.15 announced Shareholders will receive a dividend of ₹0.15. Ex-date: 19th September 2025 Payment date: 27th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 96% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 02
Rajoo Engineers Limited, Annual General Meeting, Sep 27, 2025 Rajoo Engineers Limited, Annual General Meeting, Sep 27, 2025, at 12:00 Indian Standard Time. Location: rajoo avenue, survey no.210, plot no.1, industrial area, veraval, (shapar), rajkot-360024., rajkot India Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹115, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 768% over the past three years. Announcement • Jul 22
Rajoo Engineers Limited has completed a Follow-on Equity Offering in the amount of INR 1.6 billion. Rajoo Engineers Limited has completed a Follow-on Equity Offering in the amount of INR 1.6 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 14,678,900
Price\Range: INR 109
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Jul 15
Rajoo Engineers Limited has filed a Follow-on Equity Offering. Rajoo Engineers Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 114.42
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Jul 15
First quarter 2026 earnings released: EPS: ₹0.92 (vs ₹0.33 in 1Q 2025) First quarter 2026 results: EPS: ₹0.92 (up from ₹0.33 in 1Q 2025). Revenue: ₹850.7m (up 67% from 1Q 2025). Net income: ₹150.2m (up 174% from 1Q 2025). Profit margin: 18% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹125, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 867% over the past three years. Announcement • Jul 07
Rajoo Engineers Limited to Report Q1, 2026 Results on Jul 12, 2025 Rajoo Engineers Limited announced that they will report Q1, 2026 results at 12:15 PM, Indian Standard Time on Jul 12, 2025 Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director Hasmukhlal Manavadaria was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Significant insider selling over the past 3 months (₹13m sold). Recent Insider Transactions • May 27
Insider recently sold ₹8.0m worth of stock On the 19th of May, Devyani Doshi sold around 61k shares on-market at roughly ₹130 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹13m more than they bought in the last 12 months. New Risk • May 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹5.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • May 13
Insider recently bought ₹468k worth of stock On the 9th of May, Jayantilal Zalavadia bought around 4k shares on-market at roughly ₹117 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹362k more in shares than they bought in the last 12 months. Recent Insider Transactions • May 04
Insider recently sold ₹649k worth of stock On the 28th of April, Jayantilal Zalavadia sold around 4k shares on-market at roughly ₹162 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹830k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹133, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 975% over the past three years. Buy Or Sell Opportunity • Apr 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to ₹156. The fair value is estimated to be ₹204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: ₹2.32 (vs ₹1.28 in FY 2024) Full year 2025 results: EPS: ₹2.32 (up from ₹1.28 in FY 2024). Revenue: ₹2.59b (up 31% from FY 2024). Net income: ₹381.2m (up 81% from FY 2024). Profit margin: 15% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 24
Rajoo Engineers Limited Recommends Final Dividend for the Year 2024-25 Rajoo Engineers Limited announced that at its board meeting held on April 24, 2025, recommendation of Final Dividend of INR 0.15 per equity share of INR 1 each for the Financial Year 2024-25, subject to approval by the shareholders of the Company at the upcoming Annual General Meeting. Announcement • Apr 18
Rajoo Engineers Limited to Report Q4, 2025 Results on Apr 24, 2025 Rajoo Engineers Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on Apr 24, 2025 New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹119, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 31x in the Machinery industry in India. Total returns to shareholders of 816% over the past three years. Announcement • Mar 21
Rajoo Engineers Limited Announces Resignation of Prakash C. Daga as Chief Financial Officer The Board of Directors of Rajoo Engineers Limited in their Board Meeting held on March 21, 2025 has accepted and approved the resignation of Mr. Prakash C. Daga as Chief Financial Officer (CFO) of the Company due to his personal and family priorities as well as professional growth prospects with effect from March 21, 2025. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹114, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 890% over the past three years. Recent Insider Transactions • Mar 01
Insider recently bought ₹331k worth of stock On the 27th of February, Jayantilal Zalavadia bought around 3k shares on-market at roughly ₹132 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹616k more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 07
Head of HRM recently sold ₹115k worth of stock On the 4th of February, Prakash Daga sold around 700 shares on-market at roughly ₹164 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Prakash's only on-market trade for the last 12 months. Announcement • Jan 19
Rajoo Engineers Limited Announces Resignation of Rohit Sojitra as Company Secretary & Compliance Officer, Effective January 30, 2025 Rajoo Engineers Limited announced resignation of Mr. Rohit Sojitra (Membership No. A53623) tendered as the Company Secretary & Compliance Officer and the Key Managerial Personnel ("KMP") of the Company with effect from close of business hours on January 30, 2025 due to personal reasons. Reported Earnings • Jan 18
Third quarter 2025 earnings released: EPS: ₹0.54 (vs ₹0.37 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.54 (up from ₹0.37 in 3Q 2024). Revenue: ₹579.8m (down 3.4% from 3Q 2024). Net income: ₹94.0m (up 54% from 3Q 2024). Profit margin: 16% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 148% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 10
Rajoo Engineers Limited to Report Q3, 2025 Results on Jan 17, 2025 Rajoo Engineers Limited announced that they will report Q3, 2025 results on Jan 17, 2025 New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 16
Second quarter 2025 earnings released: EPS: ₹0.64 (vs ₹0.43 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.64 (up from ₹0.43 in 2Q 2024). Revenue: ₹568.1m (up 6.1% from 2Q 2024). Net income: ₹79.3m (up 48% from 2Q 2024). Profit margin: 14% (up from 10.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 218% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 07
Rajoo Engineers Limited to Report Q2, 2025 Results on Oct 14, 2024 Rajoo Engineers Limited announced that they will report Q2, 2025 results on Oct 14, 2024 Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Shital Badshah was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 19
Rajoo Engineers Limited Announces Resignation of Kirit Ratanashi Vachhani as Independent Director Rajoo Engineers Limited announced that Mr. Kirit Ratanashi Vachhani has resigned from the position of independent director of the Company with effect from closing business hours on September 19, 2024 due to expiry/completion of second term as an independent director of the Company. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Non-Executive Director Essen Speciality Films Limited Committee membership Essen Speciality Films Limited i. Chairperson of Nomination and Remuneration Committee ii. Chairperson of Stakeholder and Relationship Committee iii. Chairperson of Corporate Social Responsibility Committee. Recent Insider Transactions • Sep 17
Insider recently sold ₹726k worth of stock On the 11th of September, Jayantilal Zalavadia sold around 2k shares on-market at roughly ₹363 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹832k more than they bought in the last 12 months. Declared Dividend • Sep 04
Dividend of ₹0.13 announced Shareholders will receive a dividend of ₹0.13. Ex-date: 20th September 2024 Payment date: 27th October 2024 Dividend yield will be 0.04%, which is lower than the industry average of 0.6%. Announcement • Sep 03
Rajoo Engineers Limited, Annual General Meeting, Sep 27, 2024 Rajoo Engineers Limited, Annual General Meeting, Sep 27, 2024, at 11:00 Indian Standard Time. Location: rajoo avenue, survey no.210, plot no.1, industrial area, veraval, (shapar), rajkot-360024., rajkot India Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: ₹0.89 (vs ₹0.40 in 1Q 2024) First quarter 2025 results: EPS: ₹0.89 (up from ₹0.40 in 1Q 2024). Revenue: ₹519.5m (up 67% from 1Q 2024). Net income: ₹54.7m (up 122% from 1Q 2024). Profit margin: 11% (up from 7.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 122% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 08
Rajoo Engineers Limited to Report Q1, 2025 Results on Jul 15, 2024 Rajoo Engineers Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Announcement • Jun 28
Rajoo Engineers Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 Rajoo Engineers Limited announced that at the board meeting held on June 28, 2024 recommended Final Dividend of 25% i.e INR 0.25 per equity share having face value of INR 1.00 (pre-bonus) for the financial year ended March 31, 2024 subject to the approval of the shareholders in upcoming Annual General Meeting (AGM) of the Company. It is further informed that the aforesaid Final Equity Dividend of INR 0.25 per equity share having face value of INR 1 each (pre-bonus), which translates into final dividend of INR 0.125 per equity share having face value of INR 1 each (post-bonus) for the Financial Year 2023-24, subject to the approval of the shareholders of the Company and would be paid within 30 days from the date of declaration at the upcoming AGM. Recent Insider Transactions • Jun 04
Insider recently sold ₹106k worth of stock On the 29th of May, Jayantilal Zalavadia sold around 400 shares on-market at roughly ₹265 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: ₹3.41 (vs ₹1.87 in FY 2023) Full year 2024 results: EPS: ₹3.41 (up from ₹1.87 in FY 2023). Revenue: ₹2.01b (up 13% from FY 2023). Net income: ₹210.1m (up 83% from FY 2023). Profit margin: 10% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 09
Rajoo Engineers Limited to Report Q4, 2024 Results on Apr 15, 2024 Rajoo Engineers Limited announced that they will report Q4, 2024 results on Apr 15, 2024 Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹236, the stock trades at a trailing P/E ratio of 75.1x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 1,075% over the past three years. Reported Earnings • Jan 12
Third quarter 2024 earnings released: EPS: ₹0.99 (vs ₹0.68 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.99 (up from ₹0.68 in 3Q 2023). Revenue: ₹611.1m (down 3.7% from 3Q 2023). Net income: ₹60.9m (up 45% from 3Q 2023). Profit margin: 10.0% (up from 6.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 107% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 30
Rajoo Engineers Limited (BSE:522257) announces an Equity Buyback for 942,300 shares, representing 1.53% for INR 197.88 million. Rajoo Engineers Limited (BSE:522257) announces a share repurchase program. Under the program, the company will repurchase up to 9,42,300 shares, representing 1.53% of its issued share capital, for total worth of INR 197.88 million. The shares will be repurchased at a price of INR 210 per share. The program is subject to approval of the shareholders by means of a special resolution through a postal ballot. As of November 24, 2023, the company had 6,15,30,750 shares are issued and outstanding. Reported Earnings • Nov 06
Second quarter 2024 earnings released: EPS: ₹0.87 (vs ₹0.38 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.87 (up from ₹0.38 in 2Q 2023). Revenue: ₹544.5m (up 62% from 2Q 2023). Net income: ₹53.6m (up 131% from 2Q 2023). Profit margin: 9.8% (up from 6.9% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Oct 28
Rajoo Engineers Limited to Report Q2, 2024 Results on Nov 04, 2023 Rajoo Engineers Limited announced that they will report Q2, 2024 results on Nov 04, 2023 Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.35 per share at 0.5% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 23 October 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Announcement • Aug 30
Rajoo Engineers Limited Proposes Final Dividend for the Financial Year Ended March 31, 2023 Rajoo Engineers Limited proposes final dividend of INR 0.35 per equity share of the face value of INR 1 each (35%) for the financial year ended March 31, 2023. Announcement • Aug 29
Rajoo Engineers Limited, Annual General Meeting, Sep 23, 2023 Rajoo Engineers Limited, Annual General Meeting, Sep 23, 2023, at 12:00 Indian Standard Time. Location: Registered Office of the Company situated at Rajoo Avenue Survey No. 210, Plot No.1 Industrial Area, Veraval, (Shapar), Dist. Rajkot, Gujarat - 360024 Rajkot India Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the reports of the Board of Directors and Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company and its associate for the financial year ended March 31, 2023, together with the Report of Auditors thereon; declare a final dividend of 0.35 per equity share of the face value of 1 each (35%) for the financial year ended March 31, 2023; and to consider other business matters. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: ₹0.40 (vs ₹0.12 in 1Q 2023) First quarter 2024 results: EPS: ₹0.40 (up from ₹0.12 in 1Q 2023). Revenue: ₹324.4m (up 80% from 1Q 2023). Net income: ₹24.6m (up 228% from 1Q 2023). Profit margin: 7.6% (up from 4.2% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • Jul 29
Rajoo Engineers Limited to Report Q1, 2024 Results on Aug 11, 2023 Rajoo Engineers Limited announced that they will report Q1, 2024 results on Aug 11, 2023 New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹3.08b market cap, or US$37.6m). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹50.33, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 438% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹43.99, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 388% over the past three years. Recent Insider Transactions • May 24
Joint MD & Whole-Time Director recently bought ₹7.9m worth of stock On the 22nd of May, Utsav Kishor Doshi bought around 200k shares on-market at roughly ₹39.72 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Utsav Kishor has been a buyer over the last 12 months, purchasing a net total of ₹16m worth in shares. Announcement • May 16
Rajoo Engineers Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Rajoo Engineers Limited recommended final dividend of 35% INR 0.35 peer share having face value of INR 1.00/-for the financial year ended March 31, 2023 subject to the approval of the shareholders in the ensuing Annual General meeting of the Company. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹36.70, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 433% over the past three years. Announcement • May 09
Rajoo Engineers Limited to Report Q4, 2023 Results on May 15, 2023 Rajoo Engineers Limited announced that they will report Q4, 2023 results on May 15, 2023 Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹30.67, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 310% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹28.87, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 23x in the Machinery industry in India. Total returns to shareholders of 300% over the past three years. Announcement • Feb 05
Rajoo Engineers Limited to Report Q3, 2023 Results on Feb 13, 2023 Rajoo Engineers Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Announcement • Feb 02
Rajoo Engineers Announces Resignation of Ramesh Amrutlal Shah as Independent Director Rajoo Engineers Limited announced that Mr. Ramesh Amrutlal Shah (DIN: 000031928) has resigned from the position of independent director of the Company with effect from February 02, 2023 due to his advancing age and health related issues. Announcement • Jan 29
Rajoo Engineers Limited Announces Resignation of Rajendra Gokalbhai Vaja as Independent Director Rajoo Engineers Limited announced the resignation of Mr. Rajendra Gokalbhai Vaja as independent director of the company with effect from January 28, 2023 due to his advancing age and health related issues. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Chairman of the Board Rajesh Doshi was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: ₹0.38 (vs ₹0.54 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.38 (down from ₹0.54 in 2Q 2022). Revenue: ₹340.7m (down 7.9% from 2Q 2022). Net income: ₹23.2m (down 31% from 2Q 2022). Profit margin: 6.8% (down from 9.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • Oct 29
Rajoo Engineers Limited to Report Q2, 2023 Results on Nov 05, 2022 Rajoo Engineers Limited announced that they will report Q2, 2023 results on Nov 05, 2022 Announcement • Sep 30
Rajoo Engineers Limited Appoints Prakash Daga as Chief Financial Officer Rajoo Engineers Limited announced that at the board meeting held on September 29, 2022, approved the appointment of Mr. Prakash Daga as Chief Financial Officer of the company with effect from October 01, 2022. Mr. Prakash Dag aged 48 years is a management professional with over 25 years of corporate leadership experience. He holds a bachelor's degree in Commerce and bachelor's degree in Law from Gujarat University. He is having diversified experience of working with large and medium corporates in the areas of Finance and Accounts, Commercial Operations and Strategic management. Announcement • Sep 28
Jayantilal Tapubhai Jhalavadiaw Resigns as Chief Financial Officer of Rajoo Engineers Limited, Effective from September 30, 2022 Rajoo Engineers Limited announced that Jayantilal Tapubhai Jhalavadiaw through his resignation letter dated September 27, 2022 has resigned from the post of Chief Financial Officer of the Company with effect from closing business hours of September 30, 2022 and the matter for succession will be placed before the upcoming meeting of the Board of Directors. Accordingly he also ceases to be Key Managerial Personnel (KMP) of the company. Announcement • Sep 25
Rajoo Engineers Limited Approves to Declare A Final Dividend for the Financial Year Ended March 31, 2022 Rajoo Engineers Limited at it's AGM held approved to declare a final dividend of INR 0.25 (25% of face value) per equity share of the face value of INR 1 each for the financial year ended March 31, 2022. Announcement • Sep 10
Rajoo Engineers Launches Pentafoil- POD Rajoo Engineers Limited announced at their open house event for 2022, that the Company has launched a new product – Pentafoil- POD – 5 layer Blown Film Line. Pentafoil- POD is latest addition to the portfolio with several advanced features. It incorporates relEX 44.0 Extruders, leading to 27% increased output; CSD 3.0 with a 550 mmm Die delivering an output of 720 kg/hr; and Flexiwind 3.0 Surface-Center-Gap Winder, with a maximum line speed of 150 mpm. It includes thickness control by air and temperature. It is Industry 4.0 compliant with remote diagnostics and support through Smart Glasses. Pentafoil® - POD was introduced at Rajoo’s open house event at Rajkot, on September 09, 2022 and was well attended by processors from all the over the country and even neighboring nations. Upcoming Dividend • Sep 08
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 24 October 2022. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.7%). Announcement • Sep 01
Rajoo Engineers Limited Proposes Final Dividend for the Financial Year Ended March 31, 2022 Rajoo Engineers Limited proposed a final dividend of INR 0.25 (25% of face value) per equity share of the face value of INR 1 each for the financial year ended March 31, 2022 at its annual general meeting to be held on September 24, 2022. Announcement • Aug 28
Rajoo Engineers Limited, Annual General Meeting, Sep 24, 2022 Rajoo Engineers Limited, Annual General Meeting, Sep 24, 2022, at 11:00 Indian Standard Time. Announcement • Aug 07
Rajoo Engineers Limited to Report Q1, 2023 Results on Aug 12, 2022 Rajoo Engineers Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • Jul 30
Rajoo Engineers Limited Appoints CS Nirav D. Vekariya as Secretarial Auditor Rajoo Engineers Limited announced that the Company has appointed CS Nirav D. Vekariya, Practising Company Secretary (Membership No. F11660, COP No. 17709) as Secretarial Auditor of the Company in pursuance to the provisions of the Section 204 of the Companies Act, 2013 and Regulation 24A of the Listing Regulations in their meeting held July 29, 2022. CS Nirav D. Vekariya is a Peer Reviewed Practicing Company Secretary and a Fellow Member of the Institute of Company Secretaries of India (ICSI. He is working since more than 5 (Five) Years in the field of various Corporate Laws. His core area of working are The Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Foreign Exchange Management Act, 1999, The Goods & Service Tax, 2017 etc. Announcement • Jul 05
Rajoo Engineers Limited Announces Management Changes Rajoo Engineers Limited at its board meeting held on July 4, 2022, appointed Rohit Dineshbhai Sojitra as Whole time Company Secretary and Compliance Officer of the Company in pursuance to the provisions of the Section 203 of the Companies Act, 2013 and Regulation 6 of the Listing Regulations. Rohit Dineshbhai Sojitra has been appointed as Whole Time Company Secretary and Compliance Officer of the Company in place of Darshak Thaker who resigned from the said post with effect from April 22, 2022. Education Qualification: Qualified Company Secretary – ICSI LLB, Graduated in B com. Work Experience: Rohit Dineshbhai Sojitra, being qualified company secretary, has over 4.5 years of experience in Corporate Secretarial Affairs, Legal matters and Statutory Compliances under a PCS firm and Companies. Announcement • May 10
Rajoo Engineers Limited to Report Q4, 2022 Results on May 14, 2022 Rajoo Engineers Limited announced that they will report Q4, 2022 results on May 14, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Chairman of the Board Rajesh Doshi was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹27.25, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Machinery industry in India. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₹25.95, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 23x in the Machinery industry in India. Total loss to shareholders of 14% over the past three years. Reported Earnings • Sep 05
Full year 2021 earnings released: EPS ₹1.96 (vs ₹0.25 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹1.70b (up 72% from FY 2020). Net income: ₹120.5m (up ₹105.3m from FY 2020). Profit margin: 7.1% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to ₹17.56, the stock is trading at a trailing P/E ratio of 70.8x, up from the previous P/E ratio of 59.5x. This compares to an average P/E of 27x in the Machinery industry in India. Total return to shareholders over the past three years is a loss of 70%. Announcement • Jan 06
Rajoo Engineers Limited to Report Q3, 2021 Results on Jan 13, 2021 Rajoo Engineers Limited announced that they will report Q3, 2021 results on Jan 13, 2021 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 32% share price gain to ₹18.57, the stock is trading at a trailing P/E ratio of 74.9x, up from the previous P/E ratio of 56.7x. This compares to an average P/E of 26x in the Machinery industry in India. Total return to shareholders over the past three years is a loss of 63%. 
