Company Overview

Rajputana Industries Limited, established in 2011, is a prominent player in the non-ferrous metal recycling industry. The company specializes in manufacturing a wide range of products from recycled scrap metal, including copper, aluminum, brass, and various alloys. They procure scrap metal from open markets and refine it into premium-grade outputs.

The company's manufacturing facility is strategically located in SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan. Once billets are produced from recycled metal scrap, they are either sold to various manufacturing companies or used in-house to produce finished products such as copper rods, aluminium rods, copper nut tubes, brass wires, and super enamelled copper conductors. These products are manufactured in various shapes and sizes to meet specific customer requirements and market demand.

Business Model and Operations

The company operates on a sustainable circular economy model, transforming scrap metals into high-quality, reusable products. By procuring scrap and processing it into metal billets (aluminium, copper, brass, etc.), Rajputana Industries not only contributes to environmental sustainability but also secures cost-effective raw materials for manufacturing premium-grade non-ferrous metal products.

The company is managed by its Promoters and Directors, Mrs. Shivani Sheikh and Mr. Sheikh Naseem. Since its inception, Rajputana Industries has achieved significant milestones:

- Completed Prefabricated building.

- Started commercial production of Copper and Brass Wire Rods in 2015.

- Introduced Super Enamel Copper and Aluminium Conductors in 2017.

- Began installation of a Cable Plant in 2024.

Market Capitalization and Stock Performance

As of July 2025, Rajputana Industries Ltd. has a market capitalization of ₹178 Crore. The company's stock has demonstrated resilience, with a 52-week high share price of ₹120.00 and a 52-week low share price of ₹71.00. Rajputana Industries Ltd. went public through an IPO and its shares were listed on the NSE SME on August 6, 2024.

Financial Performance

FY25 Financial Highlights

Rajputana Industries Limited reported exceptional financial performance for FY25, achieving revenues of ₹553 Crore. This figure represents a substantial year-on-year growth of 69%, underscoring the company's robust market position and operational efficiency.

Quarterly Performance

The company has consistently maintained its growth momentum across quarters:

- Q3 FY2024-25 (ended December 2024): Net profit rose by 15.98% to ₹2.25 Crore compared to ₹1.94 Crore in the same period the previous year. Sales surged by 95.55% to ₹145.31 Crore, up from ₹74.31 Crore in Q3 FY2023-24.

- Q4 FY2024-25 (ended March 2025): Net profit jumped by 61.16% year-on-year to ₹1.95 Crore. Revenue stood at ₹149.85 Crore.

Key Financial Metrics and Ratios

- Annual Revenue Growth (FY25): 69% YoY

- Pre-tax Margin: 2% (indicates potential for improvement)

- Return on Equity (ROE): 12% (considered good)

- Debt to Equity Ratio: 42% (signals a healthy balance sheet)

- Price-to-Book (P/B) Ratio: 2.77 times (as of 04-Jul-2025), a 56% premium to its peers' median of 1.77 times.

- Price-to-Earnings (P/E) Ratio: 21.49 times (as of 04-Jul-2025), a 3% premium to its peers' median of 20.83 times.

Shareholding Pattern

The company maintains a stable ownership structure:

- Promoter Holding: Increased to 66.08% as of March 2025 from 66.08% as of August 2024.

- Promoter Pledging: There is no promoter pledging, indicating strong promoter confidence and commitment to the company's growth.

IPO and Listing Details

- IPO Dates: July 30, 2024 - August 1, 2024

- IPO Price Band: ₹38 per share

- IPO Type: SME IPO

- Equity Shares Offered: 6,285,000

- Total Issue Size: ₹23.88 Crores

- Listing Exchange: NSE SME

- Listing Date: August 6, 2024

Industry Position and Future Outlook

Rajputana Industries operates in the growing non-ferrous metal recycling sector, a crucial industry supporting global sustainability goals and the circular economy. With increasing demand from infrastructure, automotive, and electrical sectors, the industry outlook remains strong.

Management is optimistic about future growth. Mrs. Shivani Shaikh, Chairman and Managing Director, stated, "FY25 has been a milestone year for Rajputana Industries, marked by strong operational execution, significant revenue growth, and our successful listing on NSE Emerge. Achieving significant year-on-year growth in total income reflects not only the increasing demand for quality non-ferrous metal products but also the trust our customers and partners place in us."

The company continues to focus on expanding its operational capabilities and product portfolio to capture emerging opportunities within the non-ferrous metal recycling industry, while upholding its commitment to sustainable manufacturing practices and environmental responsibility.