---
title: "Rajkamal Synthetics Ltd (514028) — Share Price, Financials & Analysis"
symbol: "514028"
company: "Rajkamal Synthetics Ltd"
canonical: "https://tapetide.com/stocks/514028"
isin: "INE376L01013"
nse_symbol: "RAJKAMALSYNTHETICSLTD"
bse_code: "514028"
sector: "Textiles"
industry: "Textile Processing"
market_cap_cr: 14.19
generated_at: "2026-09-13T19:33:37.608Z"
---

# Rajkamal Synthetics Ltd (514028)

Canonical page: https://tapetide.com/stocks/514028

## Company

- **NSE Symbol:** RAJKAMALSYNTHETICSLTD
- **BSE Code:** 514028
- **ISIN:** INE376L01013
- **Sector:** Textiles
- **Industry:** Textile Processing
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rajkamalsynthetics.com

## About

Incorporated in 1981, Rajkamal Synthetics Ltd manufactures and processes textiles.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:36:57.189585Z.

- **Market Cap:** ₹14.19 Cr
- **Classification:** Microcap
- **P/E (reported):** 107.3
- **EPS (TTM):** ₹0.19
- **Book Value:** ₹12.79
- **Price to Book:** 1.68
- **Dividend Yield:** 0%
- **ROE:** 2.67%
- **ROCE:** 3.53%
- **Debt to Equity:** 0.02
- **Revenue (yearly):** ₹5.69 Cr
- **Net Income:** ₹0.26 Cr
- **EBITDA:** ₹0.37 Cr
- **52-Week High:** ₹54.97
- **52-Week Low:** ₹19.01
- **RSI (14):** 45.38

## Tapetide Score

- **Score:** 35 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 6 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.65 | 9% |
| growth | 98.9 | 9% |
| momentum | 8.23 | 12% |
| ownership | 50 | 24% |
| quality | 14.38 | 22% |
| valuation | 17.77 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 1.08 times its book value
- Debtor days have improved from 101 to 49.2 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 25.5%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -269.23% | -184.62% | — |
| ebitda margin growth | -200% | -55.44% | -84.51% | -100% |
| net income growth | -0.1% | 30% | 30% | -165% |
| revenue growth | -78.43% | 170.95% | 142.3% | — |
| roce | — | -96.81% | -97.86% | 2.41% |
| roe | — | -97.98% | -27.03% | -103.79% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.55 | 0.24 | 0.05 | 1.24 | 1.43 | 1.76 | 2.7 | 5.1 | 1.06 |
| Expenses | 0.39 | 0.22 | 0.12 | 1.05 | 1.35 | 1.65 | 2.59 | 5.06 | 1.13 |
| Operating Profit | 0.16 | 0.02 | -0.07 | 0.19 | 0.08 | 0.11 | 0.11 | 0.04 | -0.07 |
| OPM % | 29.09 | 8.33 | -140 | 15.32 | 5.59 | 6.25 | 4.07 | 0.78 | -6.6 |
| Other Income | 0 | 0 | 0 | 0 | 0.04 | 0.03 | 0 | 0.05 | 0 |
| Interest | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.16 | 0.02 | -0.07 | 0.17 | 0.1 | 0.12 | 0.09 | 0.07 | -0.08 |
| Tax % | 0 | 100 | 0 | 29.41 | 20 | 16.67 | 22.22 | 42.86 | 0 |
| Net Profit | 0.16 | 0 | -0.07 | 0.12 | 0.08 | 0.1 | 0.08 | 0.04 | -0.09 |
| EPS in Rs | 0.25 | 0 | -0.11 | 0.18 | 0.12 | 0.15 | 0.12 | 0.06 | -0.14 |

### Profit & Loss

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

| Item | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- |
| Sales | 2.07 | 10.99 | 10.62 |
| Expenses | 1.77 | 10.66 | 10.43 |
| Operating Profit | 0.3 | 0.33 | 0.19 |
| OPM % | 14.49 | 3 | 1.79 |
| Other Income | 0 | 0.12 | 0.08 |
| Interest | 0.02 | 0 | 0 |
| Depreciation | 0.01 | 0.08 | 0.07 |
| Profit before tax | 0.27 | 0.37 | 0.2 |
| Tax % | 18.52 | 27.03 | — |
| Net Profit | 0.22 | 0.28 | 0.13 |
| EPS in Rs | 0.33 | 0.42 | 0.19 |
| Dividend Payout % | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Equity Capital | 6.6 | 11.14 |
| Reserves | 1.67 | 1.94 |
| Borrowings | 0.06 | 0.23 |
| Other Liabilities | 0.69 | 2.43 |
| Total Liabilities | 9.02 | 15.74 |
| Fixed Assets | 0.02 | 0.23 |
| CWIP | 0 | 1.13 |
| Investments | 0.01 | 6.04 |
| Other Assets | 8.99 | 8.34 |
| Total Assets | 9.02 | 15.74 |

### Cash Flow

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

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Cash from Operating Activity | -0.22 | -4.28 |
| Cash from Investing Activity | 0 | -7.44 |
| Cash from Financing Activity | 7.93 | 6.01 |
| Net Cash Flow | 7.71 | -5.72 |
| Free Cash Flow | -0.22 | -5.69 |
| CFO/OP | -90 | -1267 |

### Ratios

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Debtor Days | 153.41 | 49.15 |
| Inventory Days | 73.51 | 94.86 |
| Days Payable | 131.81 | 27.05 |
| Cash Conversion Cycle | 95.11 | 116.96 |
| Working Capital Days | 77.58 | 168.05 |
| ROCE % | — | 3.2 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 26.18% | 25.78% | 25.78% | 25.78% | 25.55% | 25.47% | 25.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 48.48% | 44.59% | 46.19% | 48.25% | 48.24% | 47.99% | 48.8% | 52.88% | 53.63% | 53.72% | 53.84% | 53.9% |
| Others | 25.33% | 29.22% | 27.62% | 25.57% | 25.58% | 25.82% | 25.42% | 21.34% | 20.58% | 20.72% | 20.68% | 20.62% |
| No. of Shareholders | 6145 | 6142 | 6135 | 6087 | 6207 | 6260 | 6246 | 6311 | 6246 | 6204 | 6185 | 6191 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.2 | Buy |
| EMA (10) | 21.32 | Buy |
| SMA (20) | 21.38 | Buy |
| EMA (20) | 21.64 | Sell |
| SMA (50) | 23.06 | Sell |
| EMA (50) | 23.83 | Sell |
| SMA (100) | 29.27 | Sell |
| EMA (100) | 27.71 | Sell |
| SMA (200) | 34.68 | Sell |
| EMA (200) | 33.01 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.31 | Neutral |
| MACD (12,26,9) | -0.62 | Buy |
| Stochastic (14,3,3) | 34.08 | Neutral |
| ADX (14) | 24.82 | Neutral |
| Williams %R (14) | -63.95 | Neutral |
| ATR (14) | 2.71 | High Volatility |
| ROC (12) | 0.42 | Buy |
| Stoch RSI (14) | 99.27 | Sell |
| UO (7,14,28) | 43.82 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=528ae52d-3297-41bd-9d69-e8bd2078cfe3.pdf) |
| 2026-09-08 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Letter To Shareholders Containing Weblink Of Annual Report For The Financial Year 2025-2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd931390-034b-4aac-a5ab-b30e285a1da8.pdf) |
| 2026-09-08 | [Notice Of The 45Th Annual General Meeting Which Will Be Held On Wednesday September 30 2026 At 04:30 Pm (IST)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc154ecd-b828-4ca5-b512-6b913c52bb9c.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d29c0438-b2a3-4945-9314-1df4fd960b2f.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3f302ba5-e09e-4b9d-8077-b909de295383.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=98bec4c0-87f0-4c6d-a498-6e6f8ecad09f.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Outcome Of Board Meeting Held On August 13 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dff97f62-4f48-4c67-94e2-c9368a5eb122.pdf) |
| 2026-08-06 | [Board Meeting Intimation for Board Meeting Intimation For To Consider And Approve Unaudited (Standalone And Consolidated) Financial Results With Limited Review Report Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbe9ffe6-ac92-4fa7-96de-2f14b966056d.pdf) |
| 2026-07-11 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7cf3287-7582-4129-a5c4-6ce93e386bdd.pdf) |
| 2026-06-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b9e12f0e-c2ce-41a6-8389-0cae2465c72b.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=845f5bd6-be85-4ff2-9126-e1bb4a77de8b.pdf) |
| 2026-05-29 | [Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48ed3041-7211-4101-b69f-e7f66e274d02.pdf) |
| 2026-02-02 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f80524d-1da9-4520-b8fb-06870540815f.pdf) |
| 2025-12-01 | [Revised Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=536080f3-51ce-4d54-b250-cb7be1c8e92b.pdf) |
| 2025-11-10 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=68e1589f-adb1-4995-9fd6-e9fccfa3f14f.pdf) |
| 2025-08-14 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a932b2b-fe10-4fd9-8a5d-2d769bb7bbb7.pdf) |
| 2025-04-30 | [Audited Standalone Financial Results Of The Company For The Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=71829355-8fb2-41db-bba0-83edf0184486.pdf) |
| 2025-02-13 | [Unaudited Standalone Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=104445d9-4f72-4c51-ac30-6e9b4f9b5b35.pdf) |
| 2024-11-12 | [Unaudited Standalone Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4af43346-8271-47ad-8503-a2f154b013fc.pdf) |
| 2024-08-14 | [Unaudited Standalone Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b38cc99e-6ebf-4917-afa8-77d5240be8c1.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Appoints Dr. Raja Krishna Murthy Head—Agri Tech to lead Project AVIO; targets agri, carbon monetisation across ~40M farmers | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 9 Feb - Appoints Dr. Raja Krishna Murthy Head—Agri Tech to lead Project AVIO; targets agri, carbon monetisation across ~40M farmers](https://www.bseindia.com/xml-data/corpfiling/AttachHis/959f2ccd-453f-4c8e-838a-405d2a96ad50.pdf) |
| 30 Apr - Rajkamal Synthetics confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.22 crore on March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Rajkamal Synthetics confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.22 crore on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b19e96d2-a511-4057-9717-4a4734adfc2e.pdf) |
| 30 Apr - Rajkamal Synthetics confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.22 crore on March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Rajkamal Synthetics confirms it is not a Large Corporate; outstanding borrowings were Rs. 0.22 crore on March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b19e96d2-a511-4057-9717-4a4734adfc2e.pdf) |
| 3 Feb - Newspaper advertisement for the Unaudited Financial Results of Rajkamal Synthetics Limited for the quarter and nine months ended December 31, 2025 published on Tuesday, February … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Feb - Newspaper advertisement for the Unaudited Financial Results of Rajkamal Synthetics Limited for the quarter and nine months ended December 31, 2025 published on Tuesday, February …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/79b3e29e-c353-475c-b894-b49954e5197b.pdf) |
| 28 Jan - Board meeting on Feb 2, 2026 to approve Q3/9M Dec 31, 2025 results; trading window closed. | [Board Meeting Intimation for Approval Of Standalone And Consolidated Unaudited Financial Results With Limited Review Of The Company For The Quarter And Nine Months Ended December 31, 2025. 28 Jan - Board meeting on Feb 2, 2026 to approve Q3/9M Dec 31, 2025 results; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05f6e9b1-7b3d-4af8-82e1-b8cf25950e50.pdf) |
| 27 Feb - Approved Rs15.00 crore investment for 4.25% in Huwel Lifesciences; 40% net project revenue entitlement. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 27Th February, 2026 27 Feb - Approved Rs15.00 crore investment for 4.25% in Huwel Lifesciences; 40% net project revenue entitlement.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fa6dae23-acd9-4a7f-a794-a5ab107fa942.pdf) |
| 23 Feb - Renamed from Bartronics India Limited to Avio Smart Market Stack Limited effective 23 Feb 2026. | [Announcement under Regulation 30 (LODR)-Change of Company Name 23 Feb - Renamed from Bartronics India Limited to Avio Smart Market Stack Limited effective 23 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3b384b7b-e185-45f9-926b-03881d3f7ff7.pdf) |
| 2 Mar - ASMS signed shareholders agreement with Huwel; minority stake, revenue-share; targets ₹1,000 crore public TB diagnostics market | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 2 Mar - ASMS signed shareholders agreement with Huwel; minority stake, revenue-share; targets ₹1,000 crore public TB diagnostics market](https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa05887d-03c1-44e3-8664-a2759dbdd8d7.pdf) |
| 2 Feb - Approved unaudited Q3/9M results to Dec 31, 2025; acquired 51% stake in Indoframe. | [Board Meeting Outcome for For The Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025. 2 Feb - Approved unaudited Q3/9M results to Dec 31, 2025; acquired 51% stake in Indoframe.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ac93a2c-41cf-4483-8208-535b697e3644.pdf) |
| 19 Feb - Promoter Kinex to lend up to INR 20 crore unsecured to Bartronics at 7.5% p.a., repayable within 12 months. | [Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 19 Feb - Promoter Kinex to lend up to INR 20 crore unsecured to Bartronics at 7.5% p.a., repayable within 12 months.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d85cfbb-1c13-4e8e-ab50-f756515ebffc.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45000160-e321-4694-9a78-cebbd038e73c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_3084_BARTRONICS_2012_2013_26122013091600.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9107656-ac85-46f2-8c0e-97a625fb7be9.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df252550-15b7-4c0d-a9f1-ff551e804444.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c74b3058-9a46-4937-81ae-4a8f4f08622b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a48be39-7ee1-4509-9e3c-7b1b49fb7ebe.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/301f842b-2acb-42ab-b8d4-1400568e2e18.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45656564-d7d7-4696-b700-92c24760d5b5.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532694/77309532694.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514028/77088514028.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532694/71065532694.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 2026-09-13T19:33:37.608Z.