Rajputana Stainless Ltd

Crisil Ratings stated that the upgrade reflects an improvement in the business and financial risk profile of the company in the past two fiscals which is expected to sustain over the medium term. RSL's operating performance has improved with a steady increase in volume of sales. Further, better procurement policy and increasing scale of operations has led to the improvement of operating margins to 9.26% in fiscal 2026 as against 8.05% in fiscal 2025 and 6.80% in fiscal 2024. The Group's operating performance is expected to sustain over the medium term. The financial risk profile of the group is also on an improving trajectory with reduction of debt from Rs 100 crore as on 31 March 2025 to Rs 67 crore as on 31 March 2026. The company has paid off its external debt in April 2026. The improvement in capital structure coupled with improved operating profitability has also led to comfortable debt protection metrics for fiscal 2026. The rating reflects extensive experience of the promoters in steel industry, integrated operations and operating efficiency and comfortable financial risk profile. These strengths are partially offset by working capital-intensive operations, susceptibility of operations to volatile steel prices. Rajputana Stainless is engaged in manufacturing and export of high-quality stainless-steel billet, black bars, and bright bars, wire rods, etc. in various grades and sizes. The scrip shed 0.08% to currently trade at Rs 130.15 on the BSE. Powered by Capital Market - Live

Rajputana Stainless announced that the Board of Directors of the Company at its meeting held on 25 May 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

Net profit of Rajputana Stainless rose 58.40% to Rs 13.10 crore in the quarter ended March 2026 as against Rs 8.27 crore during the previous quarter ended March 2025. Sales rose 2.82% to Rs 254.91 crore in the quarter ended March 2026 as against Rs 247.91 crore during the previous quarter ended March 2025. For the full year,net profit rose 25.02% to Rs 49.82 crore in the year ended March 2026 as against Rs 39.85 crore during the previous year ended March 2025. Sales rose 8.05% to Rs 1006.96 crore in the year ended March 2026 as against Rs 931.93 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales254.91247.91 3 1006.96931.93 8 OPM %9.227.32 -9.138.02 - PBDT19.7014.19 39 75.7263.40 19 PBT17.3212.11 43 66.3554.64 21 NP13.108.27 58 49.8239.85 25 Powered by Capital Market - Live

Rajputana Stainless will hold a meeting of the Board of Directors of the Company on 25 May 2026.

Rajputana Stainless will hold a meeting of the Board of Directors of the Company on 21 May 2026.

Profit before tax (PBT) climbed 21.7% YoY to Rs 16.71 crore in the quarter ended 31st December 2025. Total expenses increased 5.98% YoY to Rs 234.32 crore in Q3 FY26. Cost of material consumed stood at Rs 196.55 crore (up 19.29% YoY), employee benefit expenses was at Rs 5.31 crore (down 9.69% YoY) and finance cost stood at Rs 4.85 crore (up 16.59% YoY) during the period under review. The stock made its market debut on 19 March 2026, the counter listed at Rs 123.95, marking a premium of 1.60% to the issue price of Rs 122. The issue opened for bidding on 9 March 2026, and closed on 11 March 2026. The issue was subscribed 1.12 times. Rajputana Stainless (RSL) manufactures long and flat stainless-steel products. The company sells its products under the brand name 'RSL'. The company offers a range of stainless-steel products, including billets, forging ingots, rolled black and bright bars, flat &patti, and other ancillary products, in over 80 diverse grades.

Rajputana Stainless will hold a meeting of the Board of Directors of the Company on 9 April 2026.

The stock was listed at Rs 123.95, reflecting a premium of 1.60% to the issue price. So far, the stock has hit a high of Rs 123.95 and a low of Rs 111.25. On the BSE, over 2.84 lakh shares of the company were traded in the counter so far. Rajputana Stainless (RSL) received bids for 2,34,19,550 shares as against 2,09,00,000 shares on offer. The issue was subscribed 1.12 times. The issue opened for bidding on 9 March 2026, and closed on 11 March 2026. The price band of the IPO was fixed between Rs 116 and 122 per share. The Rs 254.98 crore IPO comprised a fresh issue of 1,46,50,000 equity shares to raise Rs 178.73 crore and an offer for sale (OFS) of up to 62,50,000 equity shares worth up to Rs 76.25 crore at higher price band of Rs 122. Shankarlal Deepchand Mehta will offload a part of his stake in the OFS. RSL will utilise Rs 18.57 crore from the net fresh issue proceeds to fund expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversification of product portfolio, Rs 98 crore for repayment of its borrowings, and the remaining funds will be utilised for general corporate purposes. Rajputana Stainless (RSL) manufactures long and flat stainless-steel products. The company sells its products under the brand name 'RSL'. The company offers a range of stainless-steel products, including billets, forging ingots, rolled black and bright bars, flat &patti, and other ancillary products, in over 80 diverse grades. RSL currently operates exclusively on business-to-business (B2B), catering to a customer base that primarily comprises manufacturers and traders The company primarily sells its products domestically through direct sales and traders. Itis also exporting to nine countries including Turkey, UAE, Poland, Portugal, USA, South Africa, South Korea, Czech Republic and Kuwait. For the six months ended 30 September 2025, the firm recorded a consolidated net profit of Rs 24.41 crore and sales of Rs 501.53 crore.Powered by Capital Market - Live

The equity shares of Rajputana Stainless (Scrip Code: 544731) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities. The stock listed at Rs 123.95, a premium of 1.60% over the IPO price of Rs 122. Powered by Capital Market - Live