Rajoo Engineers Limited Earnings Summary — Q4 FY2026

• Rajoo Engineers concluded FY2026 with a substantial year-on-year revenue increase to ₹35,425 lakhs from ₹25,355 lakhs in FY2025.
• The full-year consolidated Net Profit reached ₹4,889.58 lakhs, representing a 28% growth over the previous fiscal year.
• Q4 results show a significant sequential and year-over-year contraction in profitability, largely due to balancing figures between audited annual and year-to-date performance.
• The Board recommended a final dividend of ₹0.15 per equity share (15% on face value of ₹1 each), demonstrating consistent shareholder returns.
• Consolidated assets surged to ₹67,438.66 lakhs, supported by the integration of Kohli Printing and Converting Private Limited and 'Shree Yantralaya' upgrades.
• The company continues to maintain a nearly debt-free standalone balance sheet, though consolidated borrowings increased to support new acquisitions and working capital.
• Inventory levels rose sharply to ₹20,485 lakhs (consolidated), indicating significant order backlogs or long lead-time project cycles.
• Management noted no immediate significant impact from the new Labour Codes, though a detailed assessment is currently underway.

Management remains focused on technological leadership through projects like 'Shree Yantralaya' and the integration of new subsidiaries to enhance precision manufacturing and capacity. While specific numeric guidance for FY2027 was not provided in the filing, the focus remains on high-margin technology provision and capital discipline.

Stable

While annual metrics show robust double-digit growth, the Q4 specifically appears weaker on a standalone basis due to historical accounting adjustments; however, long-term operational leverage remains intact.

The company is transitioning into a higher-precision technology provider, supported by strong ROCE and recent capacity upgrades. Monitoring of the extremely high inventory levels (long cash conversion cycle) and potential cyclicality in capital goods remains critical for the next fiscal year.