Rajoo Engineers Limited, incorporated in 1986 and promoted by Mr. C.N. Doshi and Mr. R.N. Doshi, is an India-based company primarily focused on manufacturing and selling plastic processing extrusion machinery and post-extrusion equipment. The company's head office is located in Gujarat.
With nearly four decades of journey, Rajoo Engineers has established itself as a significant player in the plastic processing machinery industry. Commercial production commenced in 1987, and the company went public in August 1994 with its maiden stock issue. The company designs and manufactures machines, offering customized solutions to meet diverse customer requirements.
Rajoo Engineers is one of the leading plastics extrusion machinery manufacturers in India. The company holds a market-leading position in blown film lines, sheet lines, thermoforming, and extrusion coating & laminating lines within the Indian subcontinent. It also maintains a strong standing among Asian manufacturers of similar equipment, reflecting its robust technological capabilities and extensive industry experience.
The company's diverse product line includes:
- Blown Film Lines: HEPTAFOIL, PENTAFOIL, LAMEX, MULTI FOIL, MULTI FOIL LITE, MULTI FOIL X, FOILEX, AQUA FLEX
- Sheet Lines: FOMEX, DISPOCON, DISCON-MS, DISPOCON-F
- Extrusion Coating & Lamination Lines: LAM/NA, LAM/NA RPET
- Other Specialized Lines: LABEX, DRIP EX, DISPO TILT, multi-station thermoforming machines, cross lamination film lines, N 95 mask making machines, lab equipment, mono and multi-layer blown film lines, mono and multi-layer sheet lines, foam extrusion systems (chemical and physical), pipe plants, and drip irrigation systems.
These products find applications across various sectors, including flexible packaging, agriculture, infrastructure, automobiles, food and beverages, pharmaceuticals, white goods, and stationery and printing. The company also provides comprehensive services such as technical assistance, field services, spare parts, training, manuals, extrusion hints, and troubleshooting.
The company has demonstrated strong financial growth, particularly in recent periods.
For the full financial year 2024-25, Rajoo Engineers reported a significant increase in profitability and revenue:
- Consolidated Net Profit: Soared 79.09% to ₹35.30 crore.
- Standalone Net Profit: Rose 81.44% to ₹38.12 crore, compared to ₹21.01 crore in FY2023-24.
- Revenue: Increased 28.53% to ₹253.66 crore, up from ₹197.35 crore in FY2023-24.
The fourth quarter of FY2024-25 also showed robust performance:
- Revenue from Operations: Jumped 70.65% YoY to ₹89.90 crore.
- Profit Before Tax (PBT): Stood at ₹18.97 crore, a 123.96% increase from ₹8.47 crore in Q4 FY2023-24.
- Net Profit: Rose 116.24% to ₹15.31 crore, compared to ₹7.08 crore in Q4 FY2023-24.
- FY2024-25 Net Profit: ₹38.12 crore
- FY2024-25 Sales: ₹253.66 crore
- Q4 FY2024-25 Net Profit: ₹15.31 crore
- Q4 FY2024-25 Revenue: ₹89.90 crore
- Market Capitalization: ₹1,956.48 Crore (as of 17th June 2025)
- Stock P/E: 65.2
- Book Value: ₹9.33
- Dividend Yield: 0.14 %
- ROCE (Return on Capital Employed): 34.9 %
- ROE (Return on Equity): 25.9 %
- Face Value: ₹1.00
The company's board has also recommended a final dividend of ₹0.15 per equity share for FY2024-25, subject to shareholder approval.
Rajoo Engineers Limited is actively pursuing an ambitious expansion project to capitalize on growing market opportunities and achieve sustainable growth. The company is strategically consolidating its product offerings, evidenced by a robust revenue of ₹107 crores in the first half of FY2024-25 and a targeted growth rate of 12% to 15%.
Key initiatives include:
- Manufacturing Capacity Expansion: Planning to increase manufacturing capacity by 30% to meet increasing demand.
- Strong Order Book: Supported by an order book exceeding ₹200 crores.
- Export Contribution: A healthy export contribution of 74% to its revenue underscores its international presence.
- New Manufacturing Park: On February 5, 2025, the company initiated a groundbreaking business expansion project with a Bhumi Pujan ceremony. This development on an 80-acre non-agricultural land is set to establish India's first-of-its-kind manufacturing park dedicated to advanced manufacturing ecosystems.
The company has undertaken several strategic initiatives to strengthen its financial position and support future growth:
- Fund Raising: On March 4, 2025, the Board of Rajoo Engineers approved fundraising of up to ₹225 crore through equity issuance via a Qualified Institutional Placement (QIP).
- Authorized Share Capital Increase: The Board also approved an increase in the authorized share capital from ₹18 crore to ₹20 crore.
Rajoo Engineers maintains a strong financial health, significantly reducing its debt and operating as an almost debt-free company. This robust balance sheet position provides the company with financial flexibility to pursue growth opportunities and navigate market challenges effectively. The company has also received reaffirmation/assignment of credit rating of CARE A-; Stable/ CARE A2+ for its bank facilities.
The stock of Rajoo Engineers Ltd (RAJOOENG) has shown significant movement, with a 52-week high of ₹332.92 and a 52-week low of ₹93.05. The market capitalization has seen substantial growth, increasing by 56.9% in one year to ₹2,424 Crore (as reported on Screener) or ₹1,956.48 Cr (as of 17th June 2025).
Rajoo Engineers' strong financial performance, robust order book, strategic expansion plans, and market leadership position it well for continued growth in the plastic processing machinery sector. With its focus on innovation and strong operational capabilities, the company remains a significant player in both domestic and international markets.
