Synopsis: Posting its strongest full-year revenue in at least a decade, Rajoo Engineers has reported consolidated revenue of Rs. 364 crore and net profit of Rs. 48.9 crore for FY2025-26, while the board has also declared a final dividend of Re. 0.15 per share; separately, the Company Secretary has resigned effective April 30.
Shares of a leading plastic extrusion machinery manufacturer came under the spotlight on April 28, 2026, after the board approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The board also recommended a final dividend and took note of the departure of its Company Secretary.
With a market capitalization of Rs. 1,077.77 crore, the shares of Rajoo Engineers were trading at Rs. 60.39 per share, down 14.84 percent from its previous close of Rs.70.91 apiece. It is trading at a P/E of 27.73, with a ROCE of 24.5 percent and ROE of 18.8 percent.
For the full year ended March 31, 2026, Rajoo Engineers reported consolidated revenue from operations of Rs. 364.25 crore, up 43.6 percent from Rs. 253.66 crore in FY2025. Consolidated net profit for the year rose 28.3 percent to Rs. 48.90 crore, against Rs. 38.12 crore in the prior year. The margin differential reflects a higher cost base, with total consolidated expenses growing from Rs. 212.40 crore to Rs. 291.83 crore.
A large part of the balance sheet expansion traces to the mid-year acquisition of Kohli Printing and Converting Private Limited, now a wholly owned subsidiary. The subsidiary contributed revenues of Rs. 51.39 crore and a net profit of Rs. 2.88 crore to the consolidated results, and introduced goodwill of Rs. 119.30 crore; a line absent from the FY2025 balance sheet entirely. Total consolidated assets nearly doubled from Rs. 324 crore to Rs. 674 crore.
The full-year picture, however, masks a softer fourth quarter. Consolidated Q4 FY26 revenue stood at Rs. 75.80 crore, while expenses of Rs. 80.20 crore exceeded that figure. The share of joint venture profit; Rs. 2.02 crore from Rajoo Bausano Extrusion and other adjustments brought Q4 PAT to just Rs. 1.83 crore. This compares sharply with the December 2025 quarter’s Rs. 18 crore net profit. Whether the Q4 softness reflects integration costs from the subsidiary or seasonality in the order pipeline will be clearer when the company addresses investors.
The board has recommended a final dividend of Re. 0.15 per equity share of face value Re. 1 each for FY2025-26. The payment is contingent on shareholder approval at the forthcoming Annual General Meeting.
Business Overview
Rajoo Engineers Limited, incorporated in 1986 and promoted by the Doshi family, manufactures plastic extrusion machinery from its facility in Veraval (Shapar), Gujarat. The company is among India’s leading producers of blown film lines, sheet lines, thermoforming equipment, and extrusion coating lines.
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