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Rajoo Engineers Limited
(RAJOOENG)
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Rating:68Neutral
Price Target:
₹56.00
▼(-15.05% Downside)
Action:Downgraded
Date:08/11/26
The score is driven primarily by strong financial performance (rapid revenue/earnings growth and a low-leverage balance sheet), partially offset by inconsistent cash-flow conversion and a technically weak price trend below major moving averages. Valuation is broadly reasonable, but the low dividend yield offers limited support.
Positive Factors
After-sales recurring revenue
After-sales parts, maintenance and retrofit services from an installed base create recurring, higher-margin revenue between new-equipment cycles. This stabilizes cash flow and margins versus one-off machine sales, supports customer retention, and improves predictability over multi-month horizons.
Negative Factors
Volatile cash conversion
Free-cash-flow swings despite rising profits indicate working-capital or investment timing risks. Such volatility can limit the company's ability to consistently fund reinvestment, dividends or debt servicing, increasing execution risk and heightening sensitivity to order/collection timing.
Read all positive and negative factors
Positive Factors
Negative Factors
After-sales recurring revenue
After-sales parts, maintenance and retrofit services from an installed base create recurring, higher-margin revenue between new-equipment cycles. This stabilizes cash flow and margins versus one-off machine sales, supports customer retention, and improves predictability over multi-month horizons.
Read all positive factors
Rajoo Engineers Limited (RAJOOENG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.91B
Dividend Yield0.27%
Average Volume (3M)29.21K
Price to Earnings (P/E)20.0
Beta (1Y)0.64
Revenue Growth32.82%
EPS Growth-5.53%
CountryIN
Employees559
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.80
Shares Outstanding178,675,300
10 Day Avg. Volume42,772
30 Day Avg. Volume29,207
Financial Highlights & Ratios
PEG Ratio1.05
Price to Book (P/B)2.63
Price to Sales (P/S)2.64
P/FCF Ratio127.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Rajoo Engineers Limited Business Overview & Revenue Model
Company Description
Established in 1986 and headquartered in Rajkot, India, Rajoo Engineers Ltd. is a global manufacturer and distributor of plastic processing and post-extrusion equipment. The company provides a comprehensive suite of machinery, including various do...
How the Company Makes Money
Rajoo Engineers makes money primarily by selling capital goods—plastic extrusion and converting machinery and related systems—to plastics processors and manufacturers. Revenue is typically recognized from: (1) sale of new machinery/equipment (the ...
Rajoo Engineers Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.79B | 3.44B | 2.50B | 1.94B | 1.57B | 1.83B |
| Gross Profit | 519.17M | 1.52B | 924.74M | 614.67M | 463.39M | 516.51M |
| EBITDA | 417.31M | 735.93M | 513.28M | 301.19M | 165.10M | 242.82M |
| Net Income | 295.29M | 477.43M | 381.16M | 210.08M | 114.89M | 151.04M |
Balance Sheet | ||||||
| Total Assets | 6.12B | 6.74B | 3.24B | 2.27B | 1.80B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 1.32B | 1.04B | 868.18M | 325.07M | 527.66M | 424.32M |
| Total Debt | 177.39M | 243.33M | 2.73M | 16.68M | 19.52M | 2.80M |
| Total Liabilities | 2.71B | 3.15B | 1.61B | 1.01B | 714.11M | 612.46M |
| Stockholders Equity | 3.27B | 3.45B | 1.63B | 1.27B | 1.09B | 988.27M |
Cash Flow | ||||||
| Free Cash Flow | 453.27M | 71.56M | 582.52M | -112.15M | 189.88M | 228.04M |
| Operating Cash Flow | 729.17M | 678.13M | 705.08M | 6.31M | 201.96M | 249.44M |
| Investing Cash Flow | -1.83B | -1.95B | -629.24M | -110.39M | -134.00M | -150.67M |
| Financing Cash Flow | 1.32B | 1.37B | -24.84M | -32.63M | -21.32M | -31.27M |
Rajoo Engineers Limited Technical Analysis
Positive
65.92
Price Trends
51.45
Positive
54.22
Positive
59.11
Negative
Market Momentum
0.87
Negative
66.44
Neutral
86.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAJOOENG, the sentiment is Positive. The current price of 65.92 is above the 20-day moving average (MA) of 51.18, above the 50-day MA of 51.45, and above the 200-day MA of 59.11, indicating a neutral trend. The MACD of 0.87 indicates Negative momentum. The RSI at 66.44 is Neutral, neither overbought nor oversold. The STOCH value of 86.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAJOOENG.
Rajoo Engineers Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹9.91B | 20.00 | ― | 0.27% | 32.82% | -5.53% | |
67 Neutral | ₹13.25B | 35.38 | ― | ― | 31.83% | 41.03% | |
66 Neutral | ₹456.23M | 8.17 | ― | 3.46% | 5.45% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹25.31B | 4,990.68 | ― | 0.35% | 3.14% | -97.76% | |
49 Neutral | ₹1.10B | 24.72 | ― | 1.33% | -19.72% | -25.61% |
* General Sector Average
IN:RAJOOENG
Rajoo Engineers Limited
55.49
-41.51
-42.79%
IN:BEWLTD
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IN:GALAPREC
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1,033.60
206.45
24.96%
IN:KABRAEXTRU
Kabra ExtrusionTechnik Ltd.
723.65
444.75
159.47%
IN:MANUGRAPH
Manugraph India Limited
15.00
-7.79
-34.18%
IN:SOMICONVEY
Somi Conveyor Beltings Limited
93.09
-46.26
-33.20%
Rajoo Engineers Limited Corporate Events
Rajoo Engineers Releases Q1 FY27 Investor Presentation
Jul 24, 2026
Rajoo Engineers Limited has released its investor presentation for the first quarter of FY 2026-27, covering results for the period ended June 30, 2026, as part of its regulatory obligations under SEBI’s Listing Regulations. The disclosure u...
Rajoo Engineers Posts Strong Q1 FY27 Results on Robust Demand and Execution
Jul 24, 2026
Rajoo Engineers reported a strong start to FY27, with Q1 revenue from operations rising to Rs 123.07 crore, a 44.66% year-on-year increase, supported by robust execution and global demand. Despite a reduction in EBITDA and PAT margins versus the p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.