Mumbai, India — April 9, 2026
Rajputana Stainless Ltd released its latest financial update following a board meeting on Thursday, highlighting strong post-IPO recovery, improved financial health, and a complete transition to a debt-free status.
The company reviewed its third-quarter performance along with financial progress for the nine months ending December 2025, signaling steady operational momentum.
Company Turns Fully Debt-Free
Rajputana Stainless announced that it has successfully repaid its entire outstanding debt of ₹96.01 crore, becoming fully debt-free.
The repayment was funded through proceeds raised from its recent Initial Public Offering (IPO), reflecting disciplined capital allocation and strengthening the company’s balance sheet.
Strong FY26 Growth Outlook
The company provided an optimistic outlook for FY2025-26:
- Estimated Revenue: ₹1,368.26 crore
- Estimated Net Profit (PAT): ₹48.80 crore
In comparison, FY2024-25 performance stood at:
- Revenue: ₹937.49 crore
- Net Profit: ₹39.85 crore (up 26% YoY)
The projected growth underscores continued business expansion and improved operational efficiency.
Key Financial Metrics
Following its debt-free transition, the company expects enhanced profitability ratios:
- ROCE: 31.6%
- ROE: 30.1%
- EPS: Approximately ₹5.78
These indicators highlight strong returns and efficient use of capital.
Expansion Plans in Stainless Steel Segment
Rajputana Stainless plans to utilize remaining funds for strategic expansion, particularly in its stainless steel seamless pipes business.
The company currently operates a manufacturing facility in Kalol, Gujarat, with an annual production capacity of 60,000 tonnes, and aims to scale up operations to meet rising demand.
Stock Performance
Amid the positive developments, shares of Rajputana Stainless traded with gains on the NSE, hovering around ₹125.62, reflecting investor confidence in the company’s improving fundamentals.
Outlook
With a strengthened balance sheet, robust growth projections, and expansion initiatives underway, Rajputana Stainless appears well-positioned for sustained growth.
Market participants will closely monitor execution of its expansion plans and consistency in earnings performance in the coming quarters.
