Raja Bahadur International Approves Q1 FY27 Results; Debt-to-Equity Remains High at 23.88
Raja Bahadur International approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 13, 2026. While specific quarterly P&L figures were not detailed in the cover letter, the company operates under significant financial leverage with a debt of ₹312 crore against a net worth of only ₹13 crore. The company is currently focusing on commercial and retail real estate in Pune to drive growth. Investors must monitor the impact of interest costs on net margins, given the company's high Debt-to-Equity ratio of 23.88.
medium confidence
What changedThe company has concluded its first quarter of the 2026-27 fiscal year and formalized its financial reporting for the period.
Why it mattersFor a micro-cap company with extreme leverage (D/E 23.88), quarterly results are critical to assess if operating cash flows are sufficient to service high interest obligations.
Total Debt: ₹312 crNet Worth: ₹13 crDebt-to-Equity Ratio: 23.88TTM Revenue: ₹29 crMarket Cap: ₹126 cr
📅 Short termNeutral. The market will likely wait for the full financial tables to see if the profit momentum from March 2026 (₹0.77 cr) continued into Q1 FY27.
📈 Long termHigh risk. The structural viability depends on the company's ability to monetize its Pune real estate portfolio and significantly deleverage its balance sheet.
⚠ Risk flags
- Extreme leverage (D/E 23.88)
- High interest rate sensitivity
- Concentration risk in Pune real estate market
👀 What to Watch
Review the detailed P&L statement for interest expense trends and check for any reduction in the ₹312 crore debt pile, which remains the primary risk factor.
