🔍

Rudra Global Infra Products Limited (RUDRA)

₹18.78 +1.24% last close, 16 Oct

📊 NSE: RUDRA 🏢 Iron & Steel Products 📢 Latest filing: 01 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Rudra Global's revenue was ₹160 Cr (+6.7% year on year, -10.5% on the previous quarter), and net profit ₹3.6 Cr (-7.5% year on year); the operating margin was 6.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹160	+6.7%	-10.5%
Operating profit	₹10.4	-10.7%	+82.4%
Net profit	₹3.6	-7.5%	+250.5%
EPS (₹)	0.36	-7.7%	+260.0%
Operating margin	6.5%	—	—

Full quarterly financials → Results calendar →

RUDRA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 75.88% of the RUDRA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.61%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.

75.88%Delivery, 16 Oct

73.61%Own 20-session average

0.1×Volume vs its average

₹18.78NSE close · +1.24%

Delivery in the last 5 sessions: 92.8% · 83.8% · 77.0% · 83.6% · 75.9%

Delivery across the market →

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

Rudra Global Informs Of DRHP Filing By Associate Entity Involving 3 Directors

🟡 NEUTRAL ⭐ 2/10

OTHER 📅 01 Oct 2026, 04:44 PM

Rudra Global Infra Products Limited has informed the exchanges that an external company associated with three of its directors has filed a Draft Red Herring Prospectus (DRHP). The directors associated with the filing entity are Managing Director Sahil Gupta, Ashokkumar Jagdishram Gupta, and Shamarani Ashokkumar Gupta. The disclosure does not disclose the name of the entity filing the DRHP, the size of the proposed public issue, or any financial arrangement with Rudra Global.

3 directors of Rudra Global are associated as Director/KMP in an entity filing a DRHP
Managing Director Sahil Gupta (DIN: 02941599) is named among the associated personnel
Directors Ashokkumar Jagdishram Gupta (DIN: 00175862) and Shamarani Ashokkumar Gupta (DIN: 01811489) are also associated
No commercial or financial exposure or issue size was disclosed in the filing

💡 Track subsequent disclosures to confirm the identity of the listing entity and whether any related-party business links or cross-holdings exist with Rudra Global.

Rudra Global CS & Compliance Officer Vidhi Ankit Pala Resigns Effective Sept 7, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Sep 2026, 09:00 PM

Rudra Global Infra Products Limited announced the resignation of Company Secretary and Compliance Officer Ms. Vidhi Ankit Pala, effective from the close of business hours on September 07, 2026. The departure is attributed to personal reasons and pursuit of better professional opportunities, with no other material reasons cited. This administrative role transition does not impact the company's steel manufacturing operations or its TTM revenue base of Rs 633 Cr.

Resignation effective from close of business hours on September 07, 2026
Reason cited: Personal reasons and better professional opportunities
Confirmation that there are no other material reasons behind the resignation
Membership number of outgoing CS is A66884

💡 Monitor upcoming board meeting outcomes for the appointment of a new Company Secretary and Compliance Officer within the statutory deadline.

Rudra Global Infra Products CS & Compliance Officer Vidhi Ankit Pala Resigns

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 07 Sep 2026, 08:40 PM

Rudra Global Infra Products has announced the resignation of Ms. Vidhi Ankit Pala from the position of Company Secretary and Compliance Officer (Key Managerial Personnel), effective from the close of business hours on September 07, 2026. The resignation is attributed to personal reasons and better professional opportunities, with no other material reasons stated. The small-cap company (market cap Rs 201 Cr, TTM revenue Rs 633 Cr) will need to appoint a successor to manage corporate compliance and secretarial functions.

Company Secretary & Compliance Officer Vidhi Ankit Pala resigned effective close of business hours on September 07, 2026
Reason cited includes personal reasons and pursuit of better professional opportunities
Confirmation provided that no other material reasons exist behind the resignation

💡 Track subsequent exchange disclosures regarding the appointment of a new Company Secretary and Compliance Officer to fulfill statutory secretarial requirements.

Rudra Global seeks nod for ₹700 Cr borrowing limit and material RPTs at AGM on Sep 25, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 01 Sep 2026, 06:45 PM

Rudra Global Infra Products has issued the notice for its 16th Annual General Meeting scheduled for September 25, 2026. Key special resolutions include enhancing the Board's borrowing powers under Section 180(1)(c) up to ₹700 Crore and authorising charge creation up to ₹1,000 Crore. The company is also seeking shareholder approval for substantial annual related party transactions (RPTs), including up to ₹200 Crore purchases and ₹150 Crore guarantees with Rudra Green Ship Recycling, alongside transactions with YSR Building Solutions.

AGM scheduled for September 25, 2026, at the registered office in Bhavnagar, Gujarat
Proposed enhancement of borrowing limits under Section 180(1)(c) to ₹700 Crore (exceeding TTM revenue of ₹633 Crore)
Proposed authorization to create charges/mortgages on assets up to ₹1,000 Crore
Material RPT approval sought for Rudra Green Ship Recycling: purchases up to ₹200 Cr, sales up to ₹100 Cr, and guarantees up to ₹150 Cr annually
Material RPT approval sought for YSR Building Solutions: purchases up to ₹100 Cr and sales up to ₹150 Cr annually

💡 Track voting outcomes of the AGM on September 25, 2026, and monitor subsequent debt additions or utilization of approved borrowing and related-party limits.

Rudra Global Infra to Hold 16th AGM on Sept 25, 2026; Fixes Cut-off Date as Sept 18

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 05:10 PM

Rudra Global Infra Products Limited has scheduled its 16th Annual General Meeting for September 25, 2026, at Bhavnagar, Gujarat. The cut-off date for determining shareholder voting rights and AGM attendance has been set for September 18, 2026. Additionally, the board approved the Director's Report and appointed M/s. Mitesh Suvagiya & Co. as the Cost Auditor for FY 2026-27.

16th Annual General Meeting scheduled for September 25, 2026, at 10:00 AM
Shareholder voting eligibility cut-off date fixed as September 18, 2026
Appointed M/s. Mitesh Suvagiya & Co. as Cost Auditor for FY 2026-27 for a tenure of 1 year
Appointed KFin Technologies Limited as the e-voting service agency

💡 Shareholders looking to participate in voting must hold shares by the record/cut-off date of September 18, 2026, ahead of the AGM on September 25, 2026.

Rudra Global Appoints M/s. Mitesh Suvagiya & Co. as Cost Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 05:10 PM

Rudra Global Infra Products Limited has approved the appointment of M/s. Mitesh Suvagiya & Co. as its Cost Auditor for the financial year 2026-27 during its Board meeting on September 01, 2026. The auditor has over 16 years of post-qualification experience in cost accounting, records, and product costing. The appointment tenure is set for one year and adheres to routine statutory compliance requirements. This procedural filing has no direct impact on the company's financial operations or revenue run rate.

M/s. Mitesh Suvagiya & Co. appointed as Cost Auditor for FY 2026-27
Appointee holds more than 16 years of post-qualification cost accounting experience
Tenure of appointment is for 1 year starting September 01, 2026
Auditor holds nil shares and has no relation with directors or KMPs

💡 Track upcoming quarterly operational updates and financial results; this appointment is a statutory compliance matter with no operational change required.

Rudra Global Clarifies No Undisclosed Material Information Behind Share Price Movement

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Aug 2026, 07:44 PM

Rudra Global Infra Products Limited responded to a surveillance clarification sought by NSE on August 14, 2026, regarding significant price movement in its securities. The company confirmed that it has made all required disclosures under Regulation 30 of SEBI LODR Regulations, 2015. Management stated that no material undisclosed events exist and attributed the recent price fluctuations purely to market conditions.

NSE sought clarification regarding significant price movement on August 14, 2026
Company issued its formal response to the exchange on August 17, 2026
Confirmed full compliance with SEBI LODR Regulation 30 with no pending material disclosures
Stated that share price fluctuations are purely market-driven

💡 Track subsequent quarterly earnings and standard statutory filings for fundamental business developments, as no undisclosed material triggers were reported.

Rudra Global Q1 Net Profit at ‡3.62 Cr; Revenue Grows 6.7% YoY to ‡159.56 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 04:34 PM

Rudra Global Infra Products reported a mixed Q1 FY27 performance with revenue increasing 6.7% YoY to ‡159.56 Cr, though it declined 10.5% sequentially from Q4 FY26. Net profit stood at ‡3.62 Cr, a 7.4% decline compared to the same quarter last year (‡3.91 Cr), but a significant recovery from the previous quarter's ‡1.03 Cr. Finance costs saw a notable reduction to ‡4.18 Cr from ‡5.35 Cr YoY, suggesting improved debt management. The company continues to operate in a high-expense environment, with total expenses consuming 97% of total income.

Revenue from operations grew 6.7% YoY to ‡159.56 Cr from ‡149.54 Cr.
Net profit for the quarter was ‡3.62 Cr, representing a 7.4% decline YoY.
Finance costs decreased by 21.8% YoY to ‡4.18 Cr from ‡5.35 Cr.
Earnings Per Share (EPS) for the quarter stood at ‡0.36 compared to ‡0.39 YoY.
Total expenses for the quarter were ‡154.82 Cr, up from ‡144.38 Cr in the previous year's quarter.

💡 Investors should monitor the execution of the 'Rudra Inframart' retail expansion strategy and track if the reduction in finance costs is sustainable to improve net margins.

Rudra Global Submits Routine Regulation 74(5) Certificate for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 07:53 PM

Rudra Global Infra Products Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFIN Technologies Limited (the Registrar and Share Transfer Agent), confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required for all listed companies to ensure shareholding records are synchronized with depositories. There are no financial implications or changes to business operations arising from this document.

Compliance certificate for the quarter ended June 30, 2026.
Certificate issued by Registrar and Share Transfer Agent, KFIN Technologies Limited, on July 01, 2026.
Confirms adherence to SEBI Regulation 74(5) regarding security dematerialization.
Filing submitted to both BSE and NSE on July 17, 2026.

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming Q1 FY27 financial results for actual business performance updates.

Rudra Global Clarifies Single Segment Operations Following NSE Query

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 03 Jul 2026, 03:17 PM

Rudra Global Infra Products Limited responded to an NSE clarification request regarding the absence of segment-wise reporting in its FY26 audited results. The company clarified that it operates exclusively in the 'Iron and Steel Products' segment, making separate segment reporting under Ind AS 108 unnecessary. For the full year FY26, the company reported a total income of ₹624.19 Cr, an 11.2% increase from ₹561.28 Cr in FY25. However, Q4 FY26 net profit was ₹1.03 Cr, a significant decline from the ₹7.38 Cr reported in the preceding quarter (Dec 2025).

Confirmed single segment operation in Iron and Steel Products as per Ind AS 108
FY26 Total Income grew to ₹624.19 Cr from ₹561.28 Cr in the previous year
Trade Receivables surged to ₹34.04 Cr as of March 31, 2026, from ₹6.65 Cr in March 2025
Q4 FY26 Net Profit stood at ₹1.03 Cr, representing a sharp sequential drop from ₹7.38 Cr in Q3 FY26
Total Assets increased to ₹405.63 Cr as of March 31, 2026, compared to ₹342.45 Cr in the prior year

💡 Investors should monitor the company's working capital cycle, specifically the 412% YoY increase in trade receivables, and track the progress of the 'Rudra Inframart' retail expansion which aims for 30 outlets by 2026.

Rudra Global Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Jul 2026, 04:37 PM

Rudra Global Infra Products Limited has announced the closure of its trading window for insiders starting July 1, 2026. This is a standard regulatory procedure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ended June 30, 2026. The window will remain closed for promoters, directors, and designated employees until 48 hours after the results are officially disclosed. This announcement is administrative and does not impact the company's operational fundamentals.

Trading window closure begins on July 1, 2026.
The window remains closed until 48 hours after the Q1 FY27 financial results are declared.
The restriction applies to all Promoters, Directors, and Designated Employees.
Company reported TTM revenue of ₹623 Cr and TTM PAT of ₹14 Cr leading into this period.

💡 Investors should watch for the announcement of the board meeting date, which will determine when the Q1 FY27 financial results will be released.

Rudra Global FY26 Net Profit Rises 18.6% to ₹13.51 Cr; Revenue Up 11% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 20 May 2026, 10:04 PM

Rudra Global Infra Products Limited reported a steady financial performance for the fiscal year ended March 31, 2026. Consolidated annual revenue grew 11% YoY to ₹622.83 crore, while annual net profit increased to ₹13.51 crore from ₹11.39 crore in the previous year. A significant positive is the turnaround in cash flow from operations, which moved from a deficit of ₹13.44 crore to a surplus of ₹32.28 crore. However, the company has significantly increased its long-term borrowings to ₹20.18 crore to fund its expansion.

Consolidated annual revenue increased to ₹622.83 crore in FY26 from ₹560.79 crore in FY25.
Net profit for the full year FY26 rose to ₹13.51 crore, representing an 18.6% growth YoY.
Cash flow from operating activities turned positive at ₹32.28 crore compared to a negative ₹13.44 crore in the previous fiscal.
Earnings Per Share (EPS) improved to ₹1.35 for FY26 from ₹1.13 in FY25.
Non-current borrowings surged to ₹20.18 crore from ₹0.88 crore, indicating a shift in capital structure for growth.

💡 Investors should take confidence in the strong annual profit growth and the healthy turnaround in operational cash flows. While the increase in debt warrants monitoring, the overall trajectory remains positive for long-term holders.

Rudra Global Appoints J. M. Parikh & Associates as Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 May 2026, 05:53 PM

Rudra Global Infra Products Limited has officially appointed M/s J. M. Parikh & Associates as the company's Internal Auditor for the Financial Year 2026-27. The appointment was approved by the Board of Directors in a meeting held on May 02, 2026. The appointed firm is an Ahmedabad-based partnership established in 1998 with expertise in taxation, statutory audits, and project finance. This is a standard regulatory compliance move under SEBI (LODR) Regulations, 2015.

Appointment of M/s J. M. Parikh & Associates (FRN 118007W) as Internal Auditor.
The appointment is effective from May 02, 2026, specifically for the Financial Year 2026-27.
The audit firm has over 25 years of experience, having been established in 1998.
The auditor holds zero shares in the company and has no relationship with Directors or KMPs.

💡 This is a routine administrative appointment required by law and does not necessitate any change in investment strategy. Investors should focus on upcoming quarterly financial results for performance cues.

Rudra Global Complies with SEBI Dematerialization Norms for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Apr 2026, 05:39 PM

Rudra Global Infra Products Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFIN Technologies Limited, confirms that share certificates received for dematerialization during the quarter ended March 31, 2026, were processed correctly. The Registrar and Share Transfer Agent verified that certificates were mutilated and cancelled, and the names of depositories were updated in the records within the mandated 15-day timeframe. This is a standard procedural filing ensuring the integrity of the company's shareholding records.

Compliance certificate for the quarter ended March 31, 2026, submitted to BSE and NSE.
KFIN Technologies Limited confirmed dematerialization requests were processed within 15 days of receipt.
Security certificates were mutilated and cancelled after due verification by the Registrar and Share Transfer Agent.
Confirmation provided for both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

💡 No action is required as this is a routine regulatory filing confirming administrative compliance regarding share dematerialization.

Rudra Global Infra to Close Trading Window from April 1, 2026, for FY26 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Mar 2026, 11:00 AM

Rudra Global Infra Products Limited has announced the closure of its trading window for all insiders starting April 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's upcoming financial disclosures. The restriction applies to promoters, directors, and designated employees until 48 hours after the declaration of the financial results for the quarter and year ended March 31, 2026. This is a standard administrative procedure and does not indicate any fundamental change in the company's operations.

Trading window closure begins on April 1, 2026, for all designated persons and insiders.
The closure is related to the finalization of financial results for the quarter and year ended March 31, 2026.
The window will reopen 48 hours after the official announcement of the financial results to the exchanges.
The notice is issued in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory filing with no impact on stock value; investors should focus on the upcoming Q4 and FY26 earnings release for performance insights.

View All RUDRA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 0.87% YoY to INR 560.79 Cr. TMT Bars revenue decreased 19.97% to INR 486.60 Cr despite a 2.2% volume increase to 1,04,135 MTS. MS Billets revenue fell 97.9% to INR 0.33 Cr from INR 16.03 Cr.

Geographic Revenue Split

Primarily concentrated in Gujarat, India, leveraging the steel cluster in Bhavnagar. Specific regional % split not disclosed.

Profitability Margins

Net Profit Margin declined from 3.74% to 2.03% (a 45.63% drop) due to sluggish demand and higher operational costs. Return on Net Worth halved from 18.27% to 9.11%.

EBITDA Margin

Operating EBITDA Margin was 6.77% in FY25, down from 7.79% in FY24, reflecting a 13.09% deterioration in core profitability.

Capital Expenditure

Planned expansion of Rudra Inframart retail outlets from 7 to 30 by 2026. Specific INR Cr expenditure for this expansion not disclosed.

Credit Rating & Borrowing

Infinium downgraded long-term ratings to IVR BBB-/ Stable in Nov 2025 from IVR BBB/ Stable. Crisil ratings were withdrawn in June 2025 due to non-cooperation.

⚙️ Operational Drivers

Raw Materials

Primary raw materials include MS Billets and steel scrap. MS Billets are used to manufacture TMT bars, which represent over 86% of gross turnover.

Import Sources

Sourced locally within the Bhavnagar steel cluster in Gujarat to minimize logistics costs.

Capacity Expansion

TMT Bar production was 1,04,135 MTS in FY25. Expansion is focused on retail footprint (Rudra Inframart) rather than upstream manufacturing capacity in the current period.

Raw Material Costs

Not disclosed as a specific % of revenue, but sluggish performance is attributed to price volatility in the steel sector.

Manufacturing Efficiency

TMT Bar production volume increased 2.2% YoY to 1,04,135 MTS, indicating stable capacity utilization despite falling revenue realizations.

📈 Strategic Growth

Growth Strategy

Expansion of 'Rudra Inframart' retail outlets from 7 to 30 by 2026 to provide a 'one-roof' solution for home building. This strategy aims to increase brand visibility and customer orientation by selling TMT bars alongside binding wire, pipes, and professional services.

Products & Services

TMT Bars (flagship), MS Billets, Binding Wire, MS and PVC Pipes, Structural Steel, Water Proofing Solutions, and Laminates.

Brand Portfolio

Rudra, Rudra Inframart.

New Products/Services

Patented TMT bars with a 'Quadra rib pattern' launched to provide superior strength and reduced steel consumption.

Market Expansion

Targeting 30 retail outlets across Gujarat by 2026 to deepen penetration in the infrastructure and home-building segments.

Strategic Alliances

Collaborations with Gujarat and Ahmedabad traffic police for safety gear distribution and traffic awareness campaigns.

🌍 External Factors

Industry Trends

Indian crude steel production rose 13.6% to 131.136 MT in the prior period, but the company faces a sluggish domestic market in H1FY26 with declining net profit margins.

Competitive Landscape

Operates in a highly competitive environment within the Bhavnagar steel cluster, competing with both local players and national TMT brands.

Competitive Moat

Moat is based on the patented Quadra rib pattern for TMT bars which reduces consumption and increases yield strength. Sustainability is challenged by rapid technological advancements requiring high capital investment.

Macro Economic Sensitivity

Highly sensitive to Government macro and micro economic policies regarding infrastructure and road transport.

Consumer Behavior

Shift toward 'one-stop-shop' retail experiences for home building, which the company is addressing through Rudra Inframart.

⚖️ Regulatory & Governance

Industry Regulations

Subject to pollution norms and manufacturing standards for the steel industry. Secretarial audit noted non-compliance with the appointment of an Internal Auditor under the Companies Act 2013.

Environmental Compliance

ISO 14001:2004, ISO 9001:2008, and BS OHSAS 18001:2007 certified.

Legal Contingencies

No major pending court cases disclosed; however, the company has a corporate guarantee exposure of INR 38.44 Cr for group company Rudra Green Ship Recycling Private Limited.