Rajdarshan Industries Limited (ARENTERP)
₹31.83 -4.99% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Rajdarshan Industries' revenue was ₹0.3 Cr (-1.2% year on year, +169.5% on the previous quarter), and net profit ₹0.4 Cr (+48.0% year on year); the operating margin was -33.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.3 | -1.2% | +169.5% |
| Operating profit | ₹-0.1 | loss narrowed | loss narrowed |
| Net profit | ₹0.4 | +48.0% | from loss |
| Operating margin | -33.2% | — | — |
ARENTERP exchange data
NSE end-of-day data for
It closed at its lower price band (circuit) on 16 Oct.
Delivery in the last 5 sessions: 62.0% · 66.7% · 56.4% · 73.9% · 95.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Rajdarshan Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent M/s Ankit Consultancy Pvt. Ltd. on October 8, 2026, confirms the processing and cancellation of share certificates received for dematerialization within prescribed timelines. This is a standard regulatory submission with no financial or operational impact.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Confirmation certificate dated October 8, 2026 issued by RTA Ankit Consultancy Pvt. Ltd.
- Share certificates received for dematerialization were processed, mutilated, and cancelled within 15 days
Rajdarshan Industries Limited concluded its 45th Annual General Meeting held on September 30, 2026, via video conferencing with 53 members present. Shareholders approved all agenda items with the requisite majority, including the adoption of FY26 financial statements, the reappointment of Mr. Devendra Sharma and Mrs. Aruna Doshi, and the approval of material related party transactions. As of the cut-off date of September 23, 2026, the company had 5,469 total shareholders. The scrutinizer reported no adverse qualifications or reporting of fraud by auditors.
- 45th Annual General Meeting successfully conducted on September 30, 2026
- 53 members attended the meeting via video conferencing
- Total shareholder base stood at 5,469 as of the cut-off date of September 23, 2026
- All resolutions passed with requisite majority per Scrutinizer's Report
Rajdarshan Industries Limited has issued letters providing weblinks to access the Notice of the 45th Annual General Meeting (AGM) and the Annual Report for FY2025-26 to shareholders without registered email addresses. The 45th AGM is scheduled to be held on Wednesday, September 30, 2026, at 01:00 PM IST via Video Conferencing/OAVM. This is a standard procedural compliance filing under SEBI LODR Regulations 30 and 36(1)(b).
- 45th Annual General Meeting scheduled for September 30, 2026, at 01:00 PM IST via VC/OAVM
- Intimation sent pursuant to Regulation 30 and 36(1)(b) of SEBI Listing Regulations
- Dispatched weblink communication for FY2025-26 Annual Report to shareholders with unregistered email IDs
Rajdarshan Industries Limited has scheduled its 45th Annual General Meeting (AGM) for September 30, 2026, to be conducted via Video Conferencing. Key agenda items include the adoption of FY26 financial statements, the reappointment of Mrs. Aruna Doshi as Whole-time Director for three years starting April 2027, and the continuation of Mr. Devendra Sharma as Managing Director past age 70. Additionally, the company is seeking shareholder consent for material related party transactions with Madhav Surfaces FZC LLC for up to ₹5 Crore for the sale of quartz grit, powder, and consumables.
- 45th AGM scheduled to be held on September 30, 2026 via Video Conferencing.
- Shareholder approval sought for Related Party Transactions with Madhav Surfaces FZC LLC up to INR 5 Crores.
- Proposed reappointment of Mrs. Aruna Doshi as Whole-time Director for a 3-year term w.e.f. April 01, 2027.
- Approval sought for continuation of Managing Director Mr. Devendra Sharma past the age of 70 years.
Rajdarshan Industries reported a standalone net profit of ₹35.78 Lakhs for Q1 FY27, up 46% from ₹24.44 Lakhs in the year-ago period. This profit was primarily driven by 'Other Income' of ₹46.27 Lakhs, which exceeded the core revenue from operations of ₹29.64 Lakhs. The board also approved the re-appointment of Mrs. Aruna Doshi as Whole Time Director for a three-year term starting April 2027. Additionally, the company approved material related party transactions with Madhav Surfaces LLC, subject to shareholder approval at the upcoming AGM on September 30, 2026.
- Standalone Net Profit increased to ₹35.78 Lakhs in Q1 FY27 compared to ₹24.44 Lakhs in Q1 FY26.
- Revenue from operations slightly declined to ₹29.64 Lakhs from ₹30.12 Lakhs YoY.
- Other Income of ₹46.27 Lakhs accounted for approximately 61% of the total income for the quarter.
- Mrs. Aruna Doshi re-appointed as Whole Time Director for a 3-year term effective from April 01, 2027.
- Material related party transactions approved with Madhav Surfaces LLC, a related entity.
Rajdarshan Industries (ARENTERP) reported a consolidated net profit of ₹35.51 Lakhs for Q1 FY27, up 46.5% from ₹24.24 Lakhs in Q1 FY26. While the bottom line grew, core revenue from operations slightly declined to ₹29.64 Lakhs from ₹30.12 Lakhs YoY. Profitability was heavily supported by 'Other Income' of ₹46.27 Lakhs, which contributed 61% of the total income. The board also approved the re-appointment of Mrs. Aruna Doshi as Whole Time Director and sanctioned material related party transactions with Madhav Surfaces LLC.
- Consolidated Net Profit increased to ₹35.51 Lakhs from ₹24.24 Lakhs in the same quarter last year.
- Other Income of ₹46.27 Lakhs exceeded the core revenue from operations of ₹29.64 Lakhs.
- Earnings Per Share (EPS) improved to ₹1.14 for the quarter compared to ₹0.78 YoY.
- Total expenses decreased slightly to ₹40.13 Lakhs from ₹41.17 Lakhs YoY.
- Re-appointment of Mrs. Aruna Doshi as Whole Time Director approved for a 3-year term starting April 2027.
Rajdarshan Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing, covering the quarter ended June 30, 2026, confirms that share certificates received for dematerialization were processed and cancelled by the Registrar and Transfer Agent (RTA). The RTA, Ankit Consultancy Pvt. Ltd., verified that the depository's name was substituted in the register of members within the mandated 15-day period. This is a standard administrative filing required for all listed companies in India.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Confirmation that dematerialization requests were processed within 15 days
- Certificate issued by RTA Ankit Consultancy Pvt. Ltd. on July 4, 2026
- Verification that security certificates were mutilated and cancelled after due verification
Rajdarshan Industries Limited has submitted its annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter and promoter group, holding a collective 1,978,858 shares, have declared that no new encumbrances or pledges were created on their holdings during the period. The largest individual holder within the group is Aruna Doshi with 1,246,123 shares. This filing is a routine compliance measure to ensure transparency regarding promoter share pledging.
- Promoter group confirmed no new encumbrances were made during the financial year ended March 31, 2026.
- Total promoter and promoter group holding reported is 1,978,858 shares.
- Aruna Doshi remains the lead promoter with a holding of 1,246,123 shares.
- Corporate promoter entities include Mumal Marketing (183,900 shares) and Adheeraj Trade Links (107,350 shares).
- The declaration was made by Madhav Doshi on behalf of the entire promoter group.
Rajdarshan Industries Limited has approved its audited financial results for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. The company confirmed the re-appointment of Mr. Anil Jain as the Internal Auditor for the 2026-27 financial year to maintain internal control standards. Additionally, the company is expanding its operational infrastructure by opening a new administrative office in Udaipur effective June 1, 2026. The board meeting concluded on May 26, 2026, after reviewing both standalone and consolidated performance.
- Approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
- Statutory auditors M/s. Ajay Paliwal & Co issued an audit report with an unmodified opinion for FY26.
- Re-appointed Mr. Anil Jain (Membership No. 406311) as Internal Auditor for the 2026-27 financial year.
- Announced the opening of a new administrative office at Mumal Tower, Udaipur, effective June 1, 2026.
Rajdarshan Industries Limited reported a weak financial performance for the fiscal year ended March 31, 2026, with consolidated revenue from operations falling significantly to ₹57.38 Lakhs from ₹157.28 Lakhs in the previous year. The company swung from a net profit of ₹23.49 Lakhs in FY25 to a net loss of ₹17.65 Lakhs in FY26. Total comprehensive income was further impacted by other losses, resulting in a total comprehensive loss of ₹147.96 Lakhs. A significant concern remains regarding ₹3.90 Crores in loans and advances outstanding for over three years for which no provision has been made.
- Consolidated revenue from operations decreased by 63.5% YoY to ₹57.38 Lakhs in FY26.
- The company reported a consolidated net loss of ₹17.65 Lakhs versus a profit of ₹23.49 Lakhs in FY25.
- Total comprehensive loss for the year stood at ₹147.96 Lakhs compared to a profit of ₹47.77 Lakhs in the prior year.
- Management disclosed ₹3.90 Crores in loans and advances outstanding for more than 3 years without provisioning.
- Announced the opening of a new administrative office in Udaipur effective June 1, 2026.
Rajdarshan Industries Limited has filed its Structured Digital Database (SDD) compliance certificate for the financial year ending March 31, 2026. The company successfully captured 5 out of 5 required Unpublished Price Sensitive Information (UPSI) events within its internal database. The audit conducted by Ronak Jhuthawat & Co confirmed zero non-compliances during the period. This filing ensures the company is meeting SEBI's stringent insider trading prevention standards and maintaining proper audit trails.
- Successfully captured 100% of required events (5 out of 5) in the Structured Digital Database for FY 2025-26.
- External audit by Practicing Company Secretary reported NIL non-compliances for the financial year.
- Confirmed maintenance of a non-tamperable internal database with an audit trail capability of 8 years.
- Compliance aligns with Regulations 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Rajdarshan Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Ankit Consultancy Pvt. Ltd., confirms that all dematerialization requests for the quarter ended March 31, 2026, were processed correctly. The company verified that security certificates were mutilated and cancelled, and depository names were updated in the register of members within the 15-day limit. This is a standard procedural filing required for all listed companies in India to ensure administrative transparency.
- Compliance certificate issued for the quarter ended March 31, 2026.
- Registrar and Transfer Agent (RTA) Ankit Consultancy Pvt. Ltd. confirmed processing of demat requests.
- Verification and substitution of depository names in the register of members completed within 15 days.
- Confirmation that security certificates were mutilated and cancelled after due verification.
Rajdarshan Industries Limited has notified the exchanges regarding the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are made public. The specific date for the board meeting to approve these results will be announced at a later date.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the audited financial results for the fiscal year ending March 31, 2026.
- Restriction applies to all Designated Persons, Directors, Promoters, and their immediate relatives.
- Trading window to reopen 48 hours after the official declaration of financial results.
Rajdarshan Industries Limited has provided a clarification to the National Stock Exchange regarding its Q3 FY2025-26 results. The company explained that its standalone and consolidated figures appeared identical because the financial impact of its associate company, Rupal Holdings Private Limited, is negligible. Specifically, the associate's loss for the quarter was only Rs. 201.39, which rounds to zero when reported in lakhs. Consequently, the reported profit for both standalone and consolidated statements remained at Rs. 9.21 lakhs for the quarter.
- Share of loss from associate Rupal Holdings was only Rs. 201.39 for the quarter ended Dec 31, 2025
- Standalone net profit for the quarter stood at Rs. 9.21 lakhs compared to a loss of Rs. 8.18 lakhs YoY
- Associate loss converted to lakhs is 0.002, which rounds to zero under standard reporting formats
- Cumulative loss from the associate as of December 31, 2025, is Rs. 21,804.118
- Consolidated profit for the nine-month period ended Dec 31, 2025, is reported at Rs. 26.34 lakhs
Rajdarshan Industries reported a consolidated net profit of ₹9.21 Lakhs for the quarter ended December 31, 2025, a recovery from a loss of ₹8.18 Lakhs in the same period last year. Despite the quarterly profit, the company's nine-month revenue (Apr-Dec 2025) witnessed a sharp 69% decline to ₹46.21 Lakhs from ₹150.16 Lakhs. Total Comprehensive Income for the quarter was a loss of ₹57.26 Lakhs, primarily due to negative adjustments in other comprehensive income. The company continues to operate at a very small scale with quarterly revenues remaining under ₹10 Lakhs.
- Consolidated Net Profit turned positive at ₹9.21 Lakhs in Q3 FY26 versus a loss of ₹8.18 Lakhs in Q3 FY25.
- Revenue from operations for the quarter stood at ₹6.79 Lakhs, compared to zero revenue in the corresponding previous year quarter.
- Nine-month revenue (Apr-Dec 2025) dropped significantly to ₹46.21 Lakhs from ₹150.16 Lakhs in the prior year period.
- Total Comprehensive Income for the quarter was a loss of ₹57.26 Lakhs, impacted by ₹66.47 Lakhs in negative other comprehensive income.
- Earnings Per Share (EPS) for the quarter improved to ₹0.30 from a negative ₹0.27 in the previous year.
Financial Performance
Revenue Growth by Segment
Revenue from operations for the trading segment was INR 39.42 Lakhs for H1 FY26, representing a significant decline of 73.75% compared to INR 150.16 Lakhs in H1 FY25. For the quarter ended September 30, 2025 (Q2 FY26), revenue was INR 9.30 Lakhs, down 69.12% from INR 30.12 Lakhs in Q2 FY25.
Profitability Margins
Net Profit Margin for H1 FY26 was 43.45% (INR 17.13 Lakhs profit on INR 39.42 Lakhs revenue), which is heavily supported by Other Income of INR 34.83 Lakhs. This is a shift from H1 FY25 where the net margin was 40.38% (INR 60.63 Lakhs profit on INR 150.16 Lakhs revenue).
EBITDA Margin
EBITDA for H1 FY26 was approximately INR 18.51 Lakhs, representing a 24.9% margin on total income of INR 74.25 Lakhs. This reflects a sharp contraction in core profitability compared to H1 FY25, where EBITDA was significantly higher at INR 62.76 Lakhs (28.4% of total income).
Capital Expenditure
Capital expenditure for H1 FY26 was INR 0.00, as indicated by the zero purchase of fixed assets in the cash flow statement, consistent with the company's asset-light trading model.
Credit Rating & Borrowing
The company is debt-free with total borrowings of INR 0.00 as of September 30, 2025. Consequently, borrowing costs are 0%.
Operational Drivers
Raw Materials
The primary operational cost is 'Purchases of stock-in-trade', which represents 86.1% of revenue from operations (INR 33.96 Lakhs) in H1 FY26.
Capacity Expansion
Not applicable as the company operates primarily in trading and investments; however, the company is exploring diversification and entry into international markets.
Raw Material Costs
Purchases of stock-in-trade decreased by 66.7% YoY to INR 33.96 Lakhs in H1 FY26, down from INR 102.12 Lakhs in H1 FY25, mirroring the decline in revenue.
Manufacturing Efficiency
Not applicable for the trading segment; however, employee benefit expenses increased by 16.8% YoY to INR 7.77 Lakhs in H1 FY26 despite the revenue drop.
Strategic Growth
Growth Strategy
The company aims to sustain growth momentum through the diversification of product offerings and entry into select international markets. This strategy is supported by a clear roadmap to create long-term value and leverage its leadership position in its current segment.
Products & Services
The company primarily deals in the trading of industrial goods and stock-in-trade items, alongside managing a portfolio of investments.
Brand Portfolio
Rajdarshan.
New Products/Services
The company is exploring the diversification of product offerings, though specific revenue contribution percentages for new launches are not yet disclosed.
Market Expansion
Market expansion plans include entering select international markets to reinforce its leadership position.
Market Share & Ranking
The company claims to have successfully increased its market share and reinforced its leadership position in its segment, though specific percentage rankings are not provided.
External Factors
Industry Trends
The industry is seeing a shift toward diversification and internationalization. The company is positioning itself by exploring new avenues of growth and reinforcing its leadership in its core segment.
Competitive Landscape
The company operates in a competitive environment where it claims to have increased market share despite a contraction in its own revenue figures.
Competitive Moat
The company's moat is built on its leadership position in its segment and a robust operating model. Sustainability is driven by quality, innovation, and service excellence.
Macro Economic Sensitivity
The company is sensitive to industrial cycles and market volatility, which impacted revenue by 73.75% YoY during the period.
Geopolitical Risks
Entry into international markets may expose the company to trade barriers and geopolitical shifts, though specific impacts are not yet quantified.
Regulatory & Governance
Industry Regulations
Operations are governed by Ind AS 34 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Taxation Policy Impact
The effective tax rate for H1 FY26 was approximately 4.67% based on a current tax expense of INR 0.80 Lakhs on a profit of INR 17.13 Lakhs.
Risk Analysis
Key Uncertainties
Key risks include high revenue volatility (73.75% YoY decline) and a heavy reliance on non-operating income and investment gains to maintain profitability.
Geographic Concentration Risk
The company is headquartered in Udaipur, Rajasthan, suggesting a potential concentration in the regional industrial market.
Third Party Dependencies
High dependency on suppliers for stock-in-trade, with purchases accounting for 86.1% of revenue.
Technology Obsolescence Risk
Low risk given the trading and investment nature of the business.
Credit & Counterparty Risk
Trade and other receivables increased by INR 4.25 Lakhs in H1 FY26, indicating a potential increase in credit exposure relative to the reduced revenue base.
