AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 23 Sep - 35th AGM held on September 23, 2026; members approved audited financials, Rs.0.50 dividend, and auditor reappointments.
Source: Bse
Rajputana Stainless Limited (RSL)
Small CapMetals stocks · Small cap · NSE
Rajputana Stainless Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals02 Oct 2026 · screener
Latest result16 Aug, 01:35 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 -1.5% / mo · MACD −
Stock trend: 49
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
RSLD candles · FIT view+38.9%Latest close ₹178.38 on 2026-10-19
Daily history is available from 2026-03-19; the requested 1Y window is partially covered.
Bar
-0.9%
RSI
54
MACD hist
-0.04
52W pos
76%
2026-10-19O ₹180.00H ₹181.29L ₹176.00C ₹178.38Vol 2.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
RSLNifty MetalNifty 500
- RSL
- +39.3%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +44.9 pp
Chart stats
19 Oct 2026- From 52W high
- -11.8%
- 52W range position
- 76%
- ATR (14)
- 4.2%
- Volume vs 20D
- 0.47x
- Avg traded value
- ₹9.3 Cr
- 20D price channel
- ₹164 - ₹202.2
₹202.2
₹101.7 - ₹202.2
₹7.5
Latest completed session
20-session average
57.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE56
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent77
Revenue +32.3% · PAT +81.8% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model+33.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence77
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 77/100Rev +32% YoY · PAT +82% YoY · +20% QoQ · operating leverage · margin compression
Filed 12 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹307 Cr | +32.3% | +20.4% |
| EBITDA | ₹29 Cr | +38.1% | +20.8% |
| Operating margin | 9.0% | +0 bps | +0 bps |
| PAT | ₹20 Cr | +81.8% | +53.9% |
| PAT margin | 6.5% | +177 bps | +141 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.80
- P/B
- 4.00
- EV/EBITDA
- 13.86
- Market Cap
- 1456.00Cr
Profitability
- ROE
- 19.20%
- ROCE
- 25.30%
- ROA
- 9.83%
- Dividend Y
- 0.29%
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 86.00%
- Revenue 3Y
- 2.00%
- EPS 3Y
- 29.00%
Balance Sheet
- Debt/Equity
- 0.19
- Interest Coverage
- 5.61×
- Altman Z
- 6.93
- Book Value
- 43.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- 32.00 Cr
- EPS TTM
- 7.70
Shareholding
- Promoter Hold
- 57.09%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 72%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 1,007+8.0% vs prev
Net Profit
₹ CrLatest: 50.0+25.0% vs prev
Return on Equity
%Latest: 13.7-47.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 54. Wait for confirmation.
- SMA20 falling (~1.5% over last month) — short-term momentum negative.
- RSI(14) at 54 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 12% off 52W high · 75% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
88
RS percentile
Insufficient history
1M return
-1.6%
3M return
+39.3%
6M return
+38.9%
1Y return
-
RS 1D
+1
RS 20D
-2
Sector rank
#4
Industry rank
#14
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price above
200-DMA
unavailable
Sector
leading
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
145 observations
19 Oct 2026Value 151.98+0.08%
RS vs Nifty 500152
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 56 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation7/30
Growth18/25
Quality14/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
56
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
56/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 33.4%.
- Growth contributes 18/25 to the score.
Main drags
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Balance sheet is weaker at 8/15; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
24.8
PB
4.0
EV/EBITDA
13.9
ROE
19.2%
ROCE
25.3%
FCF Yield
—
Debt/Equity
0.2
MoS
+33.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
56
Previous: 56
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+33.4%
Previous: +33.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
56
56
56
56
56
56
56
56
56
56
56
56
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹86.81
-105.5% MoS
Growth-justified P/E
34.8
Growth-justified Value
₹267.96
+33.4% MoS
PEG
0.39
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MANAKCOAT
Small
Manaksia Coated Metals & Industries Limited
Mining
match 96
43
33.0
11.0%
+3%
WATCHLIST
SALSTEEL
Small
S.A.L. Steel Limited
Mining
match 94
19
—
-17.7%
-105%
OVERVALUED
STEELXIND
Small
STEEL EXCHANGE INDIA LIMITED
Mining
match 94
11
44.6
—
-91%
OVERVALUED
PRADPME
Small
Pradeep Metals Limited
Mining
match 93
47
24.5
20.3%
+5%
FAIR VALUE
MAHASTEEL
Small
Mahamaya Steel Industries Limited
Mining
match 93
32
193.0
5.7%
-511%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Rajputana Stainless Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
77Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 83rd percentile of the scored universe and 87th percentile within Metals. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
7 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
83rd percentile
overall median 67 · Metals: 87th pctile, median 70 · Small: 86th pctile, median 66
Evidence depth
Financial-only
7 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
71
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 57.1%.
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸ROCE is 25.2%.
Trust risks
- ▸ROCE trend is -4.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Rajputana Stainless Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Meeting Updates 12 Aug - Rajputana Stainless sets Sept. 16, 2026 record date; AGM on Sept. 23, 2026 via VC/OAVM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 8 Sep - CARE assigned A- Stable/A2+ ratings to ₹130 crore facilities and A- Stable to ₹30 crore.
Source: Bse
Credit rating
Credit-rating report · Rajputana Stainless Limited has informed the Exchange about Credit Rating
Source: Nse
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 7 Sep - Rajputana Stainless awarded 2.10 MW wind and 8 MW solar projects in Gujarat; execution in 11 and 4 months.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 12 Aug - Board approved auditor appointments on 12 Aug 2026: statutory, secretarial, cost and internal auditors.
Source: Bse
Credit ratingJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 4 Jul - CRISIL upgraded Rs.165 crore bank loan ratings to BBB+/Stable and A2 on July 3, 2026.
Source: Bse
Credit rating
Credit-rating report · Rajputana Stainless Limited has informed the Exchange about Credit Rating
Source: Nse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper publication of Unaudited Financial Results for the Quarter and three months ended on June 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Jun - FY26 revenue rose 8.05% to Rs. 1,006.96 crore; PAT up 25.01% to Rs. 49.82 crore; 5% dividend recommended.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.