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Rajputana Stainless (RSL)₹168.67−1.04%Iron & Steel Products
In the Mar 2026 quarter (standalone), Rajputana Stainless reported sales of ₹256 Cr, up 2.8% from Mar 2025, and net profit of ₹13.01 Cr, up 62.4% year on year. For the year to Mar 2026, sales were ₹1,011 Cr and net profit ₹50.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 234 | 249 | 271 | 252 | 256 |
| Expenses | 215 | 231 | 246 | 228 | 232 |
| Operating Profit | 19.96 | 17.97 | 24.95 | 22.96 | 23.98 |
| OPM % | 8.1% | 7.1% | 9.1% | 9.1% | 9.1% |
| Other Income | 0.99 | 0.99 | 0.00 | 0.00 | 1.99 |
| Interest | 4.01 | 5.01 | 6.01 | 5.01 | 6.01 |
| Depreciation | 2.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Profit before tax | 14.03 | 12.03 | 17.06 | 17.06 | 17.04 |
| Tax % | 30.0% | 32.0% | 24.1% | 26.0% | 24.0% |
| Net Profit | 10.02 | 8.01 | 13.01 | 12.01 | 13.01 |
| EPS (Rs) | 1.38 | 1.21 | 1.93 | 1.80 | 1.58 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 433 | 430 | 773 | 955 | 913 | 936 | 1,011 |
| Expenses | 411 | 407 | 743 | 912 | 854 | 861 | 919 |
| Operating Profit | 22.97 | 21.96 | 30.95 | 43.92 | 58.93 | 73.86 | 91.91 |
| OPM % | 5.0% | 5.0% | 4.0% | 4.6% | 7.0% | 8.1% | 9.1% |
| Other Income | 0.99 | 1.99 | 1.99 | 2.99 | 5.99 | 4.98 | 3.99 |
| Interest | 12.02 | 12.02 | 11.02 | 11.02 | 14.02 | 16.04 | 20.03 |
| Depreciation | 3.98 | 3.98 | 4.98 | 6.97 | 7.98 | 8.96 | 8.97 |
| Profit before tax | 8.02 | 7.02 | 16.06 | 29.08 | 42.12 | 55.16 | 66.17 |
| Tax % | 42.1% | 70.1% | 49.0% | 16.0% | 25.1% | 27.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.84 | 0.55 | 0.07 | 0.00 |
| Net Profit | 4.01 | 2.01 | 8.01 | 24.04 | 32.06 | 40.06 | 50.04 |
| EPS (Rs) | 1.26 | 0.66 | 2.42 | 6.99 | 9.17 | 5.79 | 5.97 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 34.06 | 33.99 | 34.07 | 34.04 | 34.04 | 69.11 | 84.12 |
| Reserves | 26.01 | 27.93 | 36.02 | 46.97 | 77.99 | 83.00 | 280 |
| Borrowings | 77.12 | 72.99 | 92.11 | 80.02 | 80.08 | 102 | 69.05 |
| Other Liabilities | 100 | 119 | 129 | 137 | 133 | 168 | 169 |
| Total Liabilities | 238 | 253 | 292 | 298 | 325 | 421 | 601 |
| Fixed Assets | 54.19 | 57.18 | 57.22 | 53.20 | 70.28 | 70.29 | 71.27 |
| CWIP | 3.01 | 0.00 | 1.01 | 15.05 | 0.00 | 2.01 | 4.02 |
| Investments | 0.99 | 1.99 | 3.99 | 4.98 | 0.00 | 2.99 | 0.00 |
| Other Assets | 178 | 194 | 230 | 224 | 253 | 347 | 526 |
| Inventories | 97.10 | 110 | 113 | 88.02 | 104 | 133 | 182 |
| Trade receivables | 50.91 | 52.95 | 86.93 | 107 | 89.82 | 150 | 138 |
| Cash & equivalents | 7.02 | 0.00 | 0.00 | 7.01 | 9.02 | 11.02 | 134 |
| Total Assets | 238 | 253 | 292 | 298 | 325 | 421 | 601 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 19.01 | 14.99 | −2.01 | 25.02 | 31.03 | 7.01 | 32.03 |
| Cash from investing activity | −4.01 | −2.99 | −6.01 | −13.01 | −5.99 | −12.01 | −42.03 |
| Cash from financing activity | −13.97 | −12.97 | 7.98 | −11.98 | −24.98 | 4.99 | 112 |
| Net cash flow | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 102 |
| Capex | 4.86 | 3.87 | 5.01 | 19.23 | 10.59 | 8.17 | 12.97 |
| Free cash flow | 14.01 | 10.99 | −6.99 | 5.99 | 20.99 | −0.99 | 19.01 |
| CFO / OP % | 91.9% | 87.0% | 16.9% | 72.0% | 73.0% | 19.9% | 61.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 43 | 45 | 41 | 41 | 36 | 59 | 50 |
| Inventory days | 107 | 120 | 64 | 40 | 52 | 65 | 81 |
| Days payable | 92 | 106 | 61 | 45 | 51 | 64 | 58 |
| Cash conversion cycle | 59 | 61 | 46 | 37 | 37 | 60 | 75 |
| Working capital days | 0 | 14 | 20 | 17 | 24 | 37 | 56 |
| ROCE % | — | 14.0% | 17.9% | 24.0% | 32.0% | 31.9% | 24.9% |
For the Mar 2026 quarter, Rajputana Stainless reported sales of ₹256 Cr, up 2.8% year on year and net profit of ₹13.01 Cr, up 62.4% year on year. The operating margin was 9.1%.
Rajputana Stainless' sales for the year to Mar 2026 were ₹1,011 Cr.
Net profit for the year to Mar 2026 was ₹50.04 Cr. Earnings per share over the same trailing period were ₹5.97.
Rajputana Stainless reported borrowings of ₹69.05 Cr at Mar 2026, against cash and equivalents of ₹134 Cr.
Cash from operations was ₹32.03 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹19.01 Cr.