RDB Rasayans Ltd (533608)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, RDB Rasayans' revenue was ₹31.9 Cr (+14.1% year on year, +6.6% on the previous quarter), and net profit ₹11.6 Cr (+35.3% year on year); the operating margin was 28.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹31.9 | +14.1% | +6.6% |
| Operating profit | ₹9.0 | +44.8% | +305.5% |
| Net profit | ₹11.6 | +35.3% | +91.4% |
| EPS (₹) | 6.55 | +35.3% | +91.5% |
| Operating margin | 28.1% | — | — |
📢 Recent Corporate Announcements
RDB Rasayans Ltd submitted the revised proceedings of its 31st Annual General Meeting held on August 20, 2026, along with a clarification for an 11-hour and 51-minute delay in its initial submission caused by technical portal issues. The AGM was attended by 95 members via video conferencing. Key resolutions transacted included the adoption of FY26 financial statements, approval of material related-party transactions for FY27, and enhancement of statutory limits under Sections 185 and 186 of the Companies Act, 2013.
- 31st AGM conducted via video conference on August 20, 2026, with 95 members in attendance
- Filing delay of approximately 11 hours and 51 minutes attributed to digital signature portal connectivity issues
- Material related-party transactions for FY 2026-27 placed for shareholder approval
- Special resolutions proposed to enhance limits under Section 185 and Section 186 for loans, investments, and guarantees
- Remote e-voting took place between August 17, 2026 (9:00 AM) and August 19, 2026 (5:00 PM)
RDB Rasayans conducted its 31st Annual General Meeting on August 20, 2026, with 95 members attending via video conferencing. Key resolutions put to vote included the adoption of FY26 financial statements and the re-appointment of director Pragya Baid. Special resolutions were proposed for material related party transactions for FY27, along with loan authorizations under Section 185 and enhanced investment/lending limits under Section 186. Consolidated voting results will be declared separately following the scrutinizer's report.
- 31st Annual General Meeting held on August 20, 2026, attended by 95 members via VC/OAVM
- Special resolutions presented for approval of Material Related Party Transactions for FY 2026-27
- Shareholder approval sought for enhancement of loan, guarantee, and investment limits under Section 186
- Special resolution presented for transaction authorizations under Section 185 of the Companies Act, 2013
RDB Rasayans has filed its quarterly statement confirming no deviation in the utilization of funds raised through its September 2011 IPO. Of the Rs 35.55 Cr raised, the company has utilized Rs 10.45 Cr for capital expenditure against an original allocation of Rs 27.81 Cr. The funds were earmarked for a 7,450 MTPA capacity expansion at Unit-II. Notably, a significant portion of the IPO proceeds remains unutilized nearly 15 years after the initial fundraise.
- Rs 35.55 Cr total raised via Public Issue (IPO) in September 2011
- Rs 10.45 Cr utilized for capital expenditure out of Rs 27.81 Cr allocated for Unit-II
- Planned capacity expansion of 7,450 MTPA through the establishment of Unit-II
- Rs 4.98 Cr utilized for General Corporate Purposes against an allocation of Rs 5.01 Cr
- Zero deviation reported in the objects or purposes of fund utilization for the quarter ended June 2026
RDB Rasayans reported a robust performance for Q1 FY27, with revenue from operations growing 35.5% YoY to Rs 37.93 Cr. Net profit (PAT) increased by 35.4% YoY to Rs 11.60 Cr, while sequentially PAT surged 91.4% from the March 2026 quarter. The company maintains a strong liquidity position with Rs 18.19 Cr in unutilized IPO proceeds, primarily earmarked for capacity expansion. Operating margins showed significant improvement, with PBT margins reaching approximately 40% for the quarter.
- Revenue from operations grew to Rs 37.93 Cr in Q1 FY27 from Rs 27.99 Cr in Q1 FY26.
- Net Profit (PAT) rose to Rs 11.60 Cr, a significant jump from Rs 8.57 Cr YoY and Rs 6.06 Cr QoQ.
- Earnings Per Share (EPS) for the quarter stood at Rs 6.52, compared to Rs 4.84 in the year-ago period.
- Rs 18.19 Cr of IPO proceeds remain unutilized and are currently held in fixed deposits and mutual funds.
- Only Rs 9.00 Cr has been utilized out of the planned Rs 23.91 Cr for manufacturing capacity expansion.
RDB Rasayans reported a strong start to FY27 with revenue from operations growing 35.5% YoY to ₹37.93 Cr. Net profit increased 35.4% YoY to ₹11.60 Cr, supported by a significant contribution from other income (₹5.85 Cr). The company maintains a debt-free balance sheet and holds ₹18.19 Cr in unutilized IPO proceeds, which are currently parked in fixed deposits and mutual funds. Quarterly EPS improved to ₹6.52 from ₹4.84 in the year-ago period, reflecting improved operational scale.
- Revenue from operations grew 35.5% YoY to ₹37.93 Cr compared to ₹28.00 Cr in Q1 FY26
- Net profit for the quarter rose 35.4% YoY to ₹11.60 Cr from ₹8.57 Cr
- Other income remained a significant contributor at ₹5.85 Cr, representing 13.3% of total income
- Unutilized IPO proceeds stand at ₹18.19 Cr as of June 30, 2026, intended for capacity expansion
- Earnings Per Share (EPS) increased to ₹6.52 for the quarter from ₹4.84 in the previous year's corresponding quarter
RDB Rasayans Ltd has scheduled a board meeting for August 13, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company, which operates in the packaging (FIBC) segment, reported a TTM revenue of ₹118 Cr and a net profit of ₹34 Cr for FY26. The trading window for insiders has been closed since June 1, 2026, in compliance with SEBI regulations. Investors will be monitoring if the company can maintain its high ROCE of 20.0% and its debt-free status.
- Board meeting scheduled for August 13, 2026, to review Q1 FY27 results
- Trading window for insiders closed from June 1, 2026, until 48 hours post-announcement
- Company reported a TTM PAT of ₹34 Cr against a market cap of ₹291 Cr
- Operating in the FIBC segment with a debt-free balance sheet (D/E of 0.00)
RDB Rasayans has scheduled a board meeting for August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap player in the FIBC packaging segment with a market cap of ₹291 Cr, reported a TTM revenue of ₹118 Cr and a PAT of ₹34 Cr. Investors will be monitoring if the company can maintain its high ROCE of 20% and manage polymer price fluctuations. The trading window for insiders has been closed since June 1, 2026.
- Board meeting scheduled for August 13, 2026, to approve Q1 results.
- Trading window closed from June 1, 2026, until 48 hours post-announcement.
- Company reported TTM revenue of ₹118 Cr and TTM PAT of ₹34 Cr.
- Maintains a debt-free balance sheet with a D/E ratio of 0.00.
- Promoter holding remains stable at 69.83% as of March 2026.
RDB Rasayans has completed the dispatch of its Annual Report and AGM Notice for the financial year 2025-26 to shareholders as of July 27, 2026. This is a standard procedural filing under SEBI (LODR) Regulations. The company currently operates with a TTM revenue of ₹118 Cr and maintains a strong balance sheet with only ₹1 Cr in debt against a net worth of ₹247 Cr. Investors should utilize the Annual Report to evaluate management's progress on its stated expansion strategy in West Bengal and the FIBC segment.
- Dispatch of the Annual Report for FY 2025-26 was completed on July 27, 2026, via electronic mode.
- Company reported TTM Revenue of ₹118 Cr and a TTM PAT of ₹34 Cr.
- Maintains a debt-free profile with a Debt/Equity ratio of 0.00 and total debt of only ₹1 Cr.
- Promoter holding remains stable at 69.83% as of the March 2026 quarter.
- Operating Profit Margin (OPM) stands at 18.3% for the trailing twelve months.
RDB Rasayans reported a mixed FY 2025-26 with revenue declining 20.6% to ₹117.75 Cr, while Net Profit grew 28.3% to ₹33.96 Cr. The significant margin expansion, with Net Profit Ratio rising to 28.84% from 17.84%, was supported by improved inventory management (21.8 days vs 36.4 days). The company maintains a debt-free balance sheet with a net worth of ₹247 Cr. A key agenda for the upcoming AGM on August 20, 2026, is the approval of material related party transactions involving loans and guarantees to group entities.
- Net Profit increased to ₹33.96 Cr in FY26 from ₹26.47 Cr in FY25, a 28.3% growth
- Revenue from operations contracted by 20.6% YoY to ₹117.75 Cr
- Net Profit Margin improved significantly to 28.84% compared to 17.84% in the previous year
- Export sales contribute approximately 30% of total output, primarily to European markets
- Manufacturing capacity remains at 8,600 MTPA with a monthly output of 2.5 million woven sacks
RDB Rasayans has issued a notice for its 31st AGM on August 20, 2026, seeking approval for significant financial resolutions. The company is proposing a ₹300 Cr limit for material related party transactions and an enhancement of Section 186 limits for loans and investments to ₹300 Cr. This proposed limit is substantial, representing approximately 105% of the company's current market capitalization (₹285 Cr) and 254% of its TTM revenue (₹118 Cr). Currently, the company has utilized ₹163.07 Cr of its existing ₹229.39 Cr statutory limit.
- Proposed limit for Material Related Party Transactions (RPT) set at ₹300 Cr for FY 2026-27.
- Seeking to enhance Section 186 limits for loans, investments, and guarantees to ₹300 Cr.
- Current aggregate value of investments and loans stands at ₹163.07 Cr as of March 31, 2026.
- The maximum permissible limit under current regulations is ₹229.39 Cr (100% of free reserves and securities premium).
- AGM scheduled for August 20, 2026, to be held via Video Conferencing.
RDB Rasayans Ltd has scheduled its 31st Annual General Meeting (AGM) for August 20, 2026, to be conducted via video conferencing. The company has fixed August 13, 2026, as the cut-off date for determining shareholder eligibility for e-voting. This administrative filing follows a period where the company maintained a debt-free balance sheet (D/E 0.00) and a TTM revenue of Rs 118 Cr. Investors should await the full Annual Report for detailed commentary on the company's expansion plans in the FIBC segment.
- 31st Annual General Meeting scheduled for August 20, 2026, at 12:30 p.m. IST
- Cut-off date for e-voting eligibility fixed as August 13, 2026
- Company operates with a debt-free balance sheet (Debt of only Rs 1 Cr against Rs 247 Cr net worth)
- TTM revenue stands at Rs 118 Cr with an operating profit margin of 18.3%
Financial Performance
Revenue Growth by Segment
Total revenue grew 43.77% YoY to INR 148.37 Cr in FY25 from INR 103.20 Cr in FY24. The company operates in the manufacture and sale of polymer-based FIBC/woven bags and trading of raw materials.
Geographic Revenue Split
The company focuses on West Bengal and pan-India markets while aggressively tapping new global prospects to leverage its leadership in the FIBC segment.
Profitability Margins
Operating Profit Margin declined from 31.39% in FY24 to 24.31% in FY25. Net Profit Margin decreased from 23.48% in FY24 to 17.84% in FY25, primarily due to the significant increase in revenue from operations which may involve lower-margin trading activities.
EBITDA Margin
PBIDT grew 10.61% YoY to INR 37.23 Cr in FY25 from INR 33.66 Cr in FY24. The EBITDA margin stood at approximately 25.09% for FY25.
Credit Rating & Borrowing
The company has not taken any credit rating from any agency. It maintains a Debt-Equity Ratio of 0.00, indicating no long-term borrowings.
Operational Drivers
Raw Materials
Polymer-based materials, specifically Polypropylene (PP) and Polyethylene (PE) used for FIBC and woven bags, along with raw materials for trading.
Capacity Expansion
The company is aggressively expanding business activities in West Bengal and across India, focusing on plastic processing solutions to increase revenue.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company engages in trading raw materials to enhance operational performance.
Manufacturing Efficiency
Capacity utilization is not specified, but the company leverages its leadership position in the FIBC segment to tap global prospects.
Strategic Growth
Growth Strategy
Growth will be achieved by expanding business activities in West Bengal and pan-India, tapping new global prospects in the FIBC segment, and focusing on plastic processing solutions. The company also approved a material related party transaction limit of INR 200 Cr for FY26 to provide financial accommodation.
Products & Services
Polymer-based Flexible Intermediate Bulk Containers (FIBC), woven bags, and traded raw materials.
Brand Portfolio
RDB Rasayans, RDB Group.
New Products/Services
Focusing on plastic processing solutions to increase revenue streams.
Market Expansion
Targeting expansion in West Bengal, all over India, and global markets.
Market Share & Ranking
The company claims a leadership position in the FIBC segment.
External Factors
Industry Trends
The FIBC industry is evolving with increased demand for bulk packaging solutions; the company is positioning itself by focusing on plastic processing and global market penetration.
Competitive Landscape
The company competes in the global and domestic FIBC and woven bag markets.
Competitive Moat
Moat is built on its leadership position in the FIBC segment and a debt-free balance sheet, providing high financial flexibility and cost leadership potential.
Macro Economic Sensitivity
Highly sensitive to economic scenarios affecting demand and supply conditions in the polymer and packaging industry.
Consumer Behavior
Shift towards efficient bulk packaging solutions (FIBC) in industrial sectors.
Geopolitical Risks
Exposure to global trade barriers as the company seeks to expand its international footprint in the FIBC segment.
Regulatory & Governance
Industry Regulations
Operations are subject to government regulations and taxation policies affecting the plastic and polymer industry.
Legal Contingencies
No audit qualifications were reported for the financial year. No directors have been debarred or disqualified by the Ministry of Corporate Affairs.
Risk Analysis
Key Uncertainties
Uncertainties include government regulatory changes and economic demand shifts, which could impact revenue by more than 25% as indicated by significant ratio change thresholds.
Geographic Concentration Risk
Significant concentration in West Bengal and India, though global expansion is underway.
Technology Obsolescence Risk
The company is focusing on plastic processing solutions to stay relevant with industry technology shifts.
Credit & Counterparty Risk
Debtors Turnover improved from 6.30 to 9.37, indicating better receivables management and lower credit risk.
