---
title: "Rajnandini Metal Ltd (RAJMET) — Share Price, Financials & Analysis"
symbol: "RAJMET"
company: "Rajnandini Metal Ltd"
canonical: "https://tapetide.com/stocks/RAJMET"
isin: "INE00KV01022"
nse_symbol: "RAJMET"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 88.75
generated_at: "2026-09-13T18:27:43.103Z"
---

# Rajnandini Metal Ltd (RAJMET)

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

## Company

- **NSE Symbol:** RAJMET
- **ISIN:** INE00KV01022
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2021-02-16
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** rajnandinimetal.com

## About

Incorporated in 2010, Rajnandini Metal Ltd in the business of manufacturing, trading, and dealing in high-grade Copper Continuous Casting Rods and copper wires[1]

## Latest Price

- **Price:** ₹3.2
- **Change:** -0.06 (-1.84%)
- **Open:** ₹3.21
- **Day High:** ₹3.25
- **Day Low:** ₹3.1
- **Previous Close:** ₹3.26
- **Volume:** 179619
- **As Of:** 2026-09-11T10:20:33+00:00

## Key Fundamentals

Observed at 2026-09-11T04:53:21.301287Z.

- **Market Cap:** ₹88.75 Cr
- **Classification:** Microcap
- **P/E (reported):** 46.6
- **P/E (TTM):** 45.71
- **EPS (TTM):** ₹0.07
- **Book Value:** ₹2.04
- **Price to Book:** 1.6
- **Dividend Yield:** 30.67%
- **ROE:** -3.85%
- **ROCE:** 15.44%
- **Debt to Equity:** 0.23
- **Revenue (yearly):** ₹263.33 Cr
- **Net Income:** ₹-0.61 Cr
- **EBITDA:** ₹3.01 Cr
- **52-Week High:** ₹5.28
- **52-Week Low:** ₹2.72
- **RSI (14):** 50.69

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 43.79 | 9% |
| growth | 1.1 | 9% |
| momentum | 29.54 | 12% |
| ownership | 50 | 24% |
| quality | 79.97 | 22% |
| valuation | 48.85 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- The company has delivered a poor sales growth of -16.0% over past five years.
- Promoter holding is low: 31.6%
- Company has a low return on equity of 7.72% over last 3 years.
- Contingent liabilities of Rs.308 Cr.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -41.6%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 416.2% | — | — |
| ebitda margin growth | -32% | 1.79% | -53.47% | -39.04% |
| net income growth | -63.64% | -72.27% | -104.01% | -106.1% |
| revenue growth | -7.07% | -74.73% | -37% | -16% |
| roce | — | -65.23% | -71.4% | 36.91% |
| roe | — | -114.33% | 18.68% | -115.04% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 333.1 | 297.67 | 315.8 | 314.61 | 277.72 | 232.72 | 208.53 | 73.88 | 71.16 | 61.84 | 56.45 | 51.95 |
| Expenses | 325.43 | 292.19 | 314.7 | 313.61 | 276.91 | 230.24 | 209.5 | 75.28 | 70.46 | 60.44 | 54.1 | 50.91 |
| Operating Profit | 7.67 | 5.48 | 1.1 | 1 | 0.81 | 2.48 | -0.97 | -1.4 | 0.7 | 1.4 | 2.35 | 1.04 |
| OPM % | 2.3 | 1.84 | 0.35 | 0.32 | 0.29 | 1.07 | -0.47 | -1.89 | 0.98 | 2.26 | 4.16 | 2 |
| Other Income | 0.94 | 3.39 | 3.45 | 1.55 | 1.42 | 1.31 | 4.05 | 0.54 | 0.5 | 0.21 | 0.12 | 0.66 |
| Interest | 2.36 | 3.26 | 3.74 | 3.89 | 3.56 | 3.35 | 2.37 | 1.29 | 0.79 | 0.54 | 0.52 | 0.89 |
| Depreciation | 0.31 | 0.35 | 0.31 | 0.31 | 0.3 | 0.3 | 0.29 | 0.31 | 0.28 | 0.3 | 0.29 | 0.29 |
| Profit before tax | 5.94 | 5.26 | 0.5 | -1.65 | -1.63 | 0.14 | 0.42 | -2.46 | 0.13 | 0.77 | 1.66 | 0.52 |
| Tax % | -9.43 | 26.62 | 42 | -24.85 | -25.15 | 35.71 | 9.52 | -19.11 | 76.92 | 33.77 | 31.93 | 25 |
| Net Profit | 6.5 | 3.86 | 0.29 | -1.24 | -1.22 | 0.09 | 0.38 | -1.99 | 0.03 | 0.51 | 1.13 | 0.39 |
| EPS in Rs | 0.24 | 0.14 | 0.01 | -0.04 | -0.04 | 0 | 0.01 | -0.07 | 0 | 0.02 | 0.04 | 0.01 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 141 | 137 | 148 | 631 | 1028 | 1029 | 1212 | 1034 | 263 | 241 |
| Expenses | 138 | 133 | 144 | 620 | 1010 | 1009 | 1191 | 1030 | 260 | 236 |
| Operating Profit | 3 | 3 | 4 | 11 | 18 | 19 | 21 | 3 | 3 | 5 |
| OPM % | 2.2 | 2.5 | 2.7 | 1.7 | 1.8 | 1.9 | 1.8 | 0.3 | 1.2 | 2.3 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 10 | 8 | 8 | 1 | 1 |
| Interest | 2 | 2 | 2 | 4 | 4 | 7 | 11 | 13 | 3 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 2 | 7 | 14 | 21 | 17 | -3 | 0 | 3 |
| Tax % | 33 | 32 | 28 | 28 | 29 | 35 | 12 | -20 | 420 | — |
| Net Profit | 1 | 1 | 1 | 5 | 10 | 14 | 15 | -2 | 0 | 2 |
| EPS in Rs | 0.05 | 0.04 | 0.04 | 0.18 | 0.36 | 0.49 | 0.55 | -0.08 | -0.01 | 0.07 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 18 | 20 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3 | 4 | 6 | 6 | 12 | 18 | 28 | 28 | 28 | 28 |
| Reserves | 0 | 4 | 7 | 8 | 7 | 11 | 14 | 29 | 29 | 29 |
| Borrowings | 15 | 22 | 25 | 40 | 43 | 51 | 72 | 100 | 44 | 13 |
| Other Liabilities | 9 | 8 | 1 | 8 | 28 | 27 | 27 | 7 | 47 | 49 |
| Total Liabilities | 28 | 38 | 40 | 63 | 90 | 108 | 140 | 164 | 148 | 119 |
| Fixed Assets | 0 | 1 | 7 | 17 | 25 | 25 | 35 | 34 | 33 | 21 |
| CWIP | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 27 | 38 | 33 | 41 | 65 | 83 | 105 | 129 | 113 | 98 |
| Total Assets | 28 | 38 | 40 | 63 | 90 | 108 | 140 | 164 | 148 | 119 |

### Cash Flow

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

| Item | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 2 | 2 | 2 | 5 | -5 | -3 | -20 | 62 | 22 |
| Cash from Investing Activity | 0 | 0 | -3 | -14 | -4 | 0 | -9 | 2 | 5 | 13 |
| Cash from Financing Activity | 0 | -2 | 1 | 12 | -1 | 5 | 11 | 17 | -67 | -34 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 2 | 2 | -12 | 0 | -6 | -14 | -21 | 62 | 33 |
| CFO/OP | 0 | 77 | 58 | 62 | 67 | -10 | 18 | -75 | 1952 | 732 |

### Ratios

| Item | Mar 2012 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96 | 64 | 54 | 45 | 22 | 11 | 12 | 7 | 4 | 4 |
| Inventory Days | — | 14 | 21 | 44 | 14 | 16 | 23 | 31 | 34 | 121 |
| Days Payable | — | 21 | 3 | 20 | 16 | 9 | 9 | 2 | 16 | 64 |
| Cash Conversion Cycle | 96 | 57 | 72 | 69 | 20 | 18 | 26 | 36 | 22 | 61 |
| Working Capital Days | 81 | 16 | 17 | 12 | 7 | 5 | 6 | 9 | 11 | 58 |
| ROCE % | 5 | — | 10 | 9 | 18 | 25 | 29 | 21 | 8 | 4 |

## 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 | 73.24% | 65.27% | 51.68% | 51.68% | 33.71% | 31.61% | 31.61% | 31.61% | 31.61% | 31.61% | 31.61% | 31.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.29% | 32.84% | 46.03% | 46.37% | 64% | 66.24% | 65.42% | 64.28% | 66.14% | 66.14% | 66.27% | 66.19% |
| Others | 3.47% | 1.89% | 2.29% | 1.95% | 2.3% | 2.15% | 2.97% | 4.11% | 2.25% | 2.25% | 2.12% | 2.2% |
| No. of Shareholders | 33264 | 96462 | 164433 | 168642 | 227793 | 244716 | 250313 | 249742 | 244371 | 244371 | 230541 | 225206 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3.17 | Buy |
| EMA (10) | 3.21 | Sell |
| SMA (20) | 3.22 | Sell |
| EMA (20) | 3.22 | Sell |
| SMA (50) | 3.33 | Sell |
| EMA (50) | 3.34 | Sell |
| SMA (100) | 3.6 | Sell |
| EMA (100) | 3.51 | Sell |
| SMA (200) | 3.78 | Sell |
| EMA (200) | 3.82 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.1 | Neutral |
| MACD (12,26,9) | -0.04 | Buy |
| Stochastic (14,3,3) | 20.71 | Neutral |
| ADX (14) | 25.72 | Buy |
| Williams %R (14) | -76.27 | Neutral |
| ATR (14) | 0.17 | High Volatility |
| ROC (12) | 0.63 | Buy |
| Stoch RSI (14) | 57.73 | Neutral |
| UO (7,14,28) | 52.67 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Updates](https://nsearchives.nseindia.com/corporate/RAJMET_07092026181438_NoticetotheShareholders.pdf) |
| 2026-09-07 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RAJMET_07092026112317_NewspaperClippingPostAGM.pdf) |
| 2026-09-05 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/RAJMET_05092026172601_NoticeofAGM2026.pdf) |
| 2026-09-01 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RAJMET_01092026130432_AGMPreNewspaerAdvertisement2026.pdf) |
| 2026-08-14 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/RAJMET_14082026121632_NewspaperClipping.pdf) |
| 2026-08-13 | [General Updates](https://nsearchives.nseindia.com/corporate/RAJMET_13082026161642_AppointmentofInternalandCostAuditor.pdf) |
| 2026-07-17 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/RAJMET_17072026183152_VotingResultsalongwithScrutinizerReport.pdf) |
| 2026-07-09 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/RAJMET_09072026152059_Reg74.pdf) |
| 2026-06-27 | [Trading Window](https://nsearchives.nseindia.com/corporate/RAJMET_27062026140934_ClosureofTradingWindowJune302026.pdf) |
| 2026-06-25 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/RAJMET_04072025124244_Reply_.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_13082026160638_OutcomeofBMOutcome.pdf) |
| 2026-06-08 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_08062026173935_OutcomeofBMJune082026.pdf) |
| 2026-05-20 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_20052026193553_ResultsMarch2026.pdf) |
| 2026-02-27 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_27022026170341_OutcomeofBMFeb272026.pdf) |
| 2026-02-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_11022026162835_ResultsDec2025.pdf) |
| 2026-02-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_11022026160903_ResultsDec2025.pdf) |
| 2025-11-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_13112025170539_ResultsSep2025.pdf) |
| 2025-11-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_06112025193642_RevisedOutcome.pdf) |
| 2025-11-06 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/RAJMET_06112025173739_ReappointmentofIndependnetDirector.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31564_RAJMET_2025_2026_A_4677108_05092026172925.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28132_RAJMET_2024_2025_A_10263084_02092025143543.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25593_RAJMET_2023_2024_03092024185035.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23048_RAJMET_2022_2023_29082023131553_08292023140001.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20724_RAJMET_2021_2022_16082022213526_08162022220002.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18549_RAJMET_2020_2021_29072021131012_29072021140004.zip) |

---

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 2026-09-13T18:27:43.103Z.