---
title: "Rajputana Stainless Ltd (RSL) — Share Price, Financials & Analysis"
symbol: "RSL"
company: "Rajputana Stainless Ltd"
canonical: "https://tapetide.com/stocks/RSL"
isin: "INE313L01016"
nse_symbol: "RSL"
bse_code: "544731"
sector: "Capital Goods"
industry: "Iron & Steel Products"
market_cap_cr: 1555.53
generated_at: "2026-09-13T19:02:37.617Z"
---

# Rajputana Stainless Ltd (RSL)

Canonical page: https://tapetide.com/stocks/RSL

## Company

- **NSE Symbol:** RSL
- **BSE Code:** 544731
- **ISIN:** INE313L01016
- **Sector:** Capital Goods
- **Industry:** Iron & Steel Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2026-03-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rajputanastainless.com

## Latest Price

- **Price:** ₹190.1
- **Change:** +3.4 (+1.82%)
- **Open:** ₹186.8
- **Day High:** ₹191.99
- **Day Low:** ₹184.01
- **Previous Close:** ₹186.7
- **Volume:** 379349
- **As Of:** 2026-09-11T09:59:54+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:05.544854Z.

- **Market Cap:** ₹1555.53 Cr
- **Classification:** Microcap
- **P/E (reported):** 26.5
- **P/E (TTM):** 24.69
- **EPS (TTM):** ₹7.7
- **Book Value:** ₹43.47
- **Price to Book:** 4.3
- **Dividend Yield:** 0.27%
- **ROE:** 26.23%
- **ROCE:** 38.72%
- **Debt to Equity:** 0.19
- **Revenue (yearly):** ₹1006.96 Cr
- **Net Income:** ₹48.6 Cr
- **EBITDA:** ₹91.91 Cr
- **52-Week High:** ₹192.77
- **52-Week Low:** ₹101.7
- **RSI (14):** 77.96

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 85.8% CAGR over last 5 years

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -77.52% | -71.79% | -53.33% |
| ebitda margin growth | 21.57% | 7.7% | 27.85% | 119.04% |
| net income growth | 54.2% | 21.8% | 29% | 86% |
| revenue growth | 20.2% | 7.41% | 2% | 19% |
| roce | — | -3.68% | 22.26% | 31.39% |
| roe | — | -6.89% | 28.01% | 632.68% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 233 | 248 | 232 | 270 | 251 | 255 | 307 |
| Expenses | 214 | 230 | 211 | 245 | 227 | 231 | 278 |
| Operating Profit | 20 | 18 | 21 | 25 | 23 | 24 | 29 |
| OPM % | 8 | 7 | 9 | 9 | 9 | 9 | 9 |
| Other Income | 1 | 1 | 1 | 0 | 0 | 2 | 2 |
| Interest | 4 | 5 | 5 | 6 | 5 | 6 | 2 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 14 | 12 | 15 | 17 | 17 | 17 | 27 |
| Tax % | 30 | 32 | 25 | 24 | 26 | 24 | 26 |
| Net Profit | 10 | 8 | 11 | 13 | 12 | 13 | 20 |
| EPS in Rs | 1.39 | 1.2 | 1.62 | 1.92 | 1.79 | 1.57 | 2.42 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 432 | 428 | 770 | 952 | 910 | 932 | 1007 | 1082 |
| Expenses | 409 | 406 | 740 | 908 | 850 | 857 | 914 | 981 |
| Operating Profit | 23 | 22 | 31 | 44 | 59 | 75 | 93 | 101 |
| OPM % | 5 | 5 | 4 | 4.6 | 7 | 8 | 9 | 9 |
| Other Income | 1 | 2 | 2 | 3 | 6 | 4 | 4 | 5 |
| Interest | 12 | 12 | 11 | 11 | 14 | 16 | 21 | 18 |
| Depreciation | 4 | 4 | 5 | 7 | 8 | 9 | 9 | 9 |
| Profit before tax | 8 | 7 | 16 | 29 | 42 | 55 | 66 | 79 |
| Tax % | 42 | 70 | 49 | 16 | 25 | 27 | 25 | — |
| Net Profit | 4 | 2 | 8 | 24 | 32 | 40 | 50 | 59 |
| EPS in Rs | 1.27 | 0.65 | 2.41 | 6.98 | 9.18 | 5.78 | 5.96 | 7.7 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 69 | 84 |
| Reserves | 26 | 28 | 36 | 47 | 78 | 83 | 280 |
| Borrowings | 77 | 73 | 92 | 80 | 80 | 102 | 69 |
| Other Liabilities | 100 | 118 | 128 | 136 | 132 | 167 | 168 |
| Total Liabilities | 237 | 253 | 291 | 297 | 324 | 420 | 600 |
| Fixed Assets | 54 | 57 | 57 | 53 | 70 | 70 | 71 |
| CWIP | 3 | 0 | 1 | 15 | 0 | 2 | 4 |
| Investments | 1 | 2 | 4 | 5 | 0 | 3 | 0 |
| Other Assets | 178 | 194 | 229 | 224 | 253 | 346 | 525 |
| Total Assets | 237 | 253 | 291 | 297 | 324 | 420 | 600 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 19 | 15 | -2 | 25 | 31 | 7 | 32 |
| Cash from Investing Activity | -4 | -3 | -6 | -13 | -6 | -12 | -42 |
| Cash from Financing Activity | -14 | -13 | 8 | -12 | -25 | 5 | 112 |
| Net Cash Flow | 1 | 0 | 0 | 0 | 0 | 0 | 102 |
| Free Cash Flow | 14 | 11 | -7 | 6 | 21 | -1 | 19 |
| CFO/OP | 92 | 87 | 17 | 72 | 73 | 20 | 61 |

### Ratios

| Item | 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 | 108 | 121 | 65 | 41 | 53 | 65 | 82 |
| Days Payable | 93 | 107 | 62 | 46 | 52 | 65 | 59 |
| Cash Conversion Cycle | 58 | 60 | 45 | 36 | 36 | 59 | 74 |
| Working Capital Days | 0 | 14 | 20 | 17 | 24 | 40 | 56 |
| ROCE % | — | 14 | 18 | 24 | 32 | 32 | 25 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Promoters | 78.22% | 57.03% | 57.09% |
| FIIs | 0% | 3.94% | 6.3% |
| DIIs | 0% | 1.79% | 0.12% |
| Government | 0% | 0% | 0% |
| Public | 0% | 26.78% | 21.7% |
| Others | 21.78% | 10.45% | 14.8% |
| No. of Shareholders | 62 | 62 | 8209 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 183.96 | Buy |
| EMA (10) | 183.82 | Buy |
| SMA (20) | 175.65 | Buy |
| EMA (20) | 176.25 | Buy |
| SMA (50) | 154.06 | Buy |
| EMA (50) | 160.31 | Buy |
| SMA (100) | 142.97 | Buy |
| EMA (100) | 146.32 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 80.23 | Sell |
| MACD (12,26,9) | 10.04 | Buy |
| Stochastic (14,3,3) | 87.59 | Sell |
| ADX (14) | 70.12 | Buy |
| Williams %R (14) | -8.72 | Sell |
| ATR (14) | 6.19 | High Volatility |
| ROC (12) | 14.11 | Buy |
| Stoch RSI (14) | 49.62 | Neutral |
| UO (7,14,28) | 52.01 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Apr - Unreadable text contains only digital signature details. | [RESULTS- UNAUDITED FINANCIAL RESULTS DEC 31 2025 9 Apr - Unreadable text contains only digital signature details.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13b9277e-05ec-47a7-bf0b-1ea70dc9cad7.pdf) |
| 9 Apr - Board approved unaudited Q3 and nine-month results ended December 31, 2025. | [Board Meeting Outcome for Unaudited Financial Result 9 Apr - Board approved unaudited Q3 and nine-month results ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0f16613-337b-4739-80e7-9c613adfe89a.pdf) |
| 8 Apr - Rajputana Stainless repaid Rs. 96.01 crore debt and became debt-free on 8 April 2026. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Apr - Rajputana Stainless repaid Rs. 96.01 crore debt and became debt-free on 8 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b57911b9-19f4-4193-9407-d23689f7ecb4.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=851A7482_1A08_4248_804E_FDCABA3E839A_144752.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=05569307_B326_489C_9F26_200D3FC821F4_150206.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 15 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/742b8e90-4d87-4dc1-96e3-2de1bc8fb7aa.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8106fb9-1c53-43b6-93f2-64da93f973af.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=617a2e30-8076-48c3-b524-328bac74c7d6.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b4d0691-83f6-4206-a090-3f8c8ccd8b88.pdf) |
| 2026-09-07 | [Board Meeting Outcome for Intimation Under Regulation 30](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3e584da1-8054-4361-8bf1-ad9a52b87138.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4db2a7f3-13c6-4449-b31f-e54725a4dee9.pdf) |
| 2026-08-31 | [Annual General Meeting Scheduled To Be Held On SEP 23 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23e71ab2-334b-40fc-9145-1fd27f07ed17.pdf) |
| 2026-08-31 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=474c00bf-653f-4dda-a7ba-f10de2812225.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b434a1e1-fbce-49a7-88c6-9a101e8078b7.pdf) |
| 2026-08-13 | [Statement Of Deviation & Variation For The Quarter Ended June 302026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edfcbcb1-b3c8-4eb9-86ad-e91e5c6a4a1e.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday August 12 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f38ec0f-b819-4219-9813-af992684d7e8.pdf) |
| 2026-08-12 | [16-09-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb11ae68-789f-4c02-94f0-986e56f6af82.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Results-Financial Results For June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be82c497-33cc-41dc-896c-e96005facbb8.pdf) |
| 2026-05-25 | [Results-Financial Results For Mar 312026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0af13efa-2f47-46cb-84b3-0bde36d6ee97.pdf) |
| 2026-04-09 | [RESULTS- UNAUDITED FINANCIAL RESULTS DEC 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=13b9277e-05ec-47a7-bf0b-1ea70dc9cad7.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:37.617Z.