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Last Updated: April 2, 2026, 3:33 am
Author: Getaka|Social: XLinkedIn

Rajdarshan Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹9.48Overvalued by 71.87%vs CMP ₹33.70

P/E (15.0) × ROE (1.1%) × BV (₹73.10) × DY (2.00%)

Defaults: P/E=15

₹20.24Overvalued by 39.94%vs CMP ₹33.70
MoS: -66.5% (Negative)Confidence: 48/100 (Moderate)Models: 1 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹7.7021%Over (-77.2%)
Graham NumberEarnings₹34.8919%Fair (+3.5%)
Earnings PowerEarnings₹9.5813%Over (-71.6%)
DCFCash Flow₹7.2816%Over (-78.4%)
Net Asset ValueAssets₹72.928%Under (+116.4%)
Earnings YieldEarnings₹7.408%Over (-78%)
ROCE CapitalReturns₹30.448%Fair (-9.7%)
Revenue MultipleRevenue₹5.046%Over (-85%)
Consensus (8 models)₹20.24100%Overvalued
Key Drivers: EPS CAGR -18.8% drags value — could be higher if earnings stabilize. | ROE 1.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -18.8% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

45
Rajdarshan Industries Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 0.9% WeakROE 1.1% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 63.7% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-47% → -16%) ImprovingWorking capital: 1,267 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -72% YoY DecliningProfit (4Q): -104% YoY DecliningOPM: -85.7% (down 85.7% YoY) Margin pressure
Industry Rank40/100 · Moderate
ROCE 0.9% vs industry 19.6% Below peersROE 1.1% vs industry 16.9% Below peers3Y sales CAGR: 53% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:33 am

Market Cap 10.5 Cr.
Current Price 33.7
Intrinsic Value₹20.24
High / Low 64.0/30.0
Stock P/E
Book Value 73.1
Dividend Yield0.00 %
ROCE0.87 %
ROE1.06 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Rajdarshan Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ganesha Ecoverse Ltd 50.6 Cr. 20.6 45.0/16.6 21.50.00 %7.18 %9.49 % 10.0
Foundry Fuel Products Ltd 5.05 Cr. 6.30 6.98/5.00 1.660.00 %%% 10.0
Deccan Gold Mines Ltd 1,808 Cr. 91.4 162/83.8 10.30.00 %21.1 %14.2 % 1.00
Asi Industries Ltd 190 Cr. 21.1 39.9/19.07.31 38.91.89 %9.88 %7.01 % 1.00
Anmol India Ltd 53.8 Cr. 9.46 19.7/8.405.21 20.20.00 %9.81 %6.70 % 10.0
Industry Average51,564.31 Cr471.3415.4197.991.59%19.57%16.87%5.18

All Competitor Stocks of Rajdarshan Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.400.440.480.000.680.421.120.380.000.070.300.090.07
Expenses 0.370.480.580.050.690.461.180.410.070.240.400.130.13
Operating Profit 0.03-0.04-0.10-0.05-0.01-0.04-0.06-0.03-0.07-0.17-0.10-0.04-0.06
OPM % 7.50%-9.09%-20.83%-1.47%-9.52%-5.36%-7.89%-242.86%-33.33%-44.44%-85.71%
Other Income 0.030.100.180.240.330.360.460.25-0.01-0.170.35-0.010.16
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.010.010.010.010.010.030.01
Profit before tax 0.060.060.080.190.320.320.390.21-0.09-0.350.24-0.080.09
Tax % 33.33%-66.67%0.00%0.00%0.00%59.38%0.00%4.76%0.00%-17.14%0.00%0.00%0.00%
Net Profit 0.040.100.080.190.320.140.400.21-0.08-0.290.24-0.070.09
EPS in Rs 0.130.320.260.611.030.451.290.68-0.26-0.930.77-0.230.29

Last Updated: March 3, 2026, 3:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2.271.811.271.221.671.610.600.000.441.901.581.570.53
Expenses 1.431.251.251.301.341.188.710.320.802.121.761.880.90
Operating Profit 0.840.560.02-0.080.330.43-8.11-0.32-0.36-0.22-0.18-0.31-0.37
OPM % 37.00%30.94%1.57%-6.56%19.76%26.71%-1,351.67%-81.82%-11.58%-11.39%-19.75%-69.81%
Other Income 0.240.380.460.610.630.430.301.250.900.551.100.530.33
Interest 0.060.040.010.050.010.000.000.000.000.010.010.010.00
Depreciation 0.330.300.260.220.120.060.030.020.010.010.010.030.06
Profit before tax 0.690.600.210.260.830.80-7.840.910.530.310.900.18-0.10
Tax % 28.99%28.33%14.29%15.38%14.46%27.50%-25.64%23.08%-1.89%3.23%21.11%-27.78%
Net Profit 0.490.430.180.220.700.58-5.820.710.540.300.720.23-0.03
EPS in Rs 1.581.380.580.712.251.87-18.722.281.740.972.320.74-0.10
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-12.24%-58.14%22.22%218.18%-17.14%-1103.45%112.20%-23.94%-44.44%140.00%-68.06%
Change in YoY Net Profit Growth (%)0.00%-45.89%80.36%195.96%-235.32%-1086.31%1215.65%-136.14%-20.50%184.44%-208.06%

Rajdarshan Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:21%
3 Years:53%
TTM:-66%
Compounded Profit Growth
10 Years:-5%
5 Years:15%
3 Years:-25%
TTM:-92%
Stock Price CAGR
10 Years:22%
5 Years:36%
3 Years:13%
1 Year:-6%
Return on Equity
10 Years:-1%
5 Years:2%
3 Years:2%
Last Year:1%

Last Updated: September 5, 2025, 12:55 pm

Balance Sheet

Last Updated: December 4, 2025, 1:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.113.113.113.113.113.113.113.113.113.113.113.113.11
Reserves 15.4315.8616.0418.8719.1619.8512.2815.0618.3217.6518.3218.7919.61
Borrowings 0.430.130.010.000.000.000.000.000.000.000.500.000.00
Other Liabilities 0.340.310.140.120.100.150.080.100.560.510.290.230.31
Total Liabilities 19.3119.4119.3022.1022.3723.1115.4718.2721.9921.2722.2222.1323.03
Fixed Assets 1.851.561.310.860.690.640.390.340.320.320.520.490.48
CWIP 2.872.872.870.000.000.000.000.000.000.000.000.000.00
Investments 2.982.962.465.555.826.054.016.549.628.639.189.6010.45
Other Assets 11.6112.0212.6615.6915.8616.4211.0711.3912.0512.3212.5212.0412.10
Total Assets 19.3119.4119.3022.1022.3723.1115.4718.2721.9921.2722.2222.1323.03

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.940.720.98-1.970.33-0.83-0.100.01-0.62-0.38-0.25-0.88
Cash from Investing Activity + 0.250.370.960.36-0.180.34-0.230.120.520.240.290.87
Cash from Financing Activity + -0.32-0.34-0.13-0.06-0.010.000.000.000.000.000.000.00
Net Cash Flow 0.870.741.81-1.670.14-0.49-0.330.14-0.10-0.140.04-0.01
Free Cash Flow 0.980.740.97-1.970.38-0.830.210.07-0.62-0.38-0.42-0.88
CFO/OP 112%129%4,900%2,362%152%-170%-0%-16%156%155%111%274%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.410.430.01-0.080.330.43-8.11-0.32-0.36-0.22-0.68-0.31

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 869.89286.35155.2065.8285.24281.12815.171,136.48124.87228.70281.31
Inventory Days 0.000.000.000.000.00
Days Payable
Cash Conversion Cycle 869.89286.35155.2065.8285.24281.12815.171,136.48124.87228.70281.31
Working Capital Days 1,096.61475.91238.541,451.021,020.691,262.763,333.674,537.61893.291,106.551,267.04
ROCE %3.82%3.20%1.15%1.41%3.80%3.54%-40.89%5.42%2.68%1.52%4.26%0.87%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%63.66%
DIIs 0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%0.68%
Public 35.66%35.65%35.67%35.66%35.66%35.66%35.66%35.65%35.65%35.66%35.66%35.66%
No. of Shareholders 4,8694,7495,0564,9164,8805,1775,4515,6925,5775,6475,5595,393

Shareholding Pattern Chart

No. of Shareholders

Rajdarshan Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.762.320.951.769.00
Diluted EPS (Rs.) 0.762.320.951.769.00
Cash EPS (Rs.) 0.842.340.981.762.33
Book Value[Excl.RevalReserv]/Share (Rs.) 70.5368.9966.8569.0058.50
Book Value[Incl.RevalReserv]/Share (Rs.) 70.5368.9966.8569.0058.50
Revenue From Operations / Share (Rs.) 5.065.086.121.400.00
PBDIT / Share (Rs.) 0.662.931.021.732.99
PBIT / Share (Rs.) 0.572.900.991.702.94
PBT / Share (Rs.) 0.572.900.991.702.93
Net Profit / Share (Rs.) 0.752.320.951.722.27
NP After MI And SOA / Share (Rs.) 0.752.310.941.762.30
PBDIT Margin (%) 13.0757.6916.67123.550.00
PBIT Margin (%) 11.3857.1816.21121.030.00
PBT Margin (%) 11.3857.1816.21121.030.00
Net Profit Margin (%) 14.9145.6215.56122.910.00
NP After MI And SOA Margin (%) 14.9345.5315.49125.610.00
Return on Networth / Equity (%) 1.073.351.412.553.92
Return on Capital Employeed (%) 0.814.201.482.435.01
Return On Assets (%) 1.063.231.382.483.90
Total Debt / Equity (X) 0.000.020.000.000.00
Asset Turnover Ratio (%) 0.070.070.080.020.00
Current Ratio (X) 26.999.5318.3025.52109.96
Quick Ratio (X) 26.999.5318.3025.52109.96
Interest Coverage Ratio (X) 0.000.000.000.002633.53
Interest Coverage Ratio (Post Tax) (X) 0.000.000.000.001999.58
Enterprise Value (Cr.) 14.9010.714.807.100.85
EV / Net Operating Revenue (X) 9.476.782.5216.280.00
EV / EBITDA (X) 72.4411.7615.1113.180.91
MarketCap / Net Operating Revenue (X) 9.547.514.4422.630.00
Price / BV (X) 0.680.550.400.460.18
Price / Net Operating Revenue (X) 9.547.514.4422.650.00
EarningsYield 0.010.060.030.050.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Rajdarshan Industries Ltd. is a Public Limited Listed company incorporated on 26/12/1980 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L14100RJ1980PLC002145 and registration number is 002145. Currently Company is involved in the business activities of Mining/quarrying of limestone, limeshell, ‘kankar' and other calcareous minerals including calcite, chalk and shale. Company's Total Operating Revenue is Rs. 1.57 Cr. and Equity Capital is Rs. 3.11 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Mining/Minerals59, Moti Magri Scheme, Udaipur Rajasthan 313001Contact not found
Management
NamePosition Held
Mr. Devendra SharmaManaging Director & CEO
Mrs. Aruna DoshiWhole Time Director
Mr. Madhav DoshiNon Executive Director
Mr. Roshan Lal NagarIndependent Director
Mr. Prakash Kumar VerdiaIndependent Director
Ms. Swati YadavIndependent Director

FAQ

What is the intrinsic value of Rajdarshan Industries Ltd and is it undervalued?

As of 10 April 2026, Rajdarshan Industries Ltd's intrinsic value is ₹20.24, which is 39.94% lower than the current market price of ₹33.70, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.06 %), book value (₹73.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rajdarshan Industries Ltd?

Rajdarshan Industries Ltd is trading at ₹33.70 as of 10 April 2026, with a FY2026-2027 high of ₹64.0 and low of ₹30.0. The stock is currently near its 52-week low. Market cap stands at ₹10.5 Cr..

How does Rajdarshan Industries Ltd's P/E ratio compare to its industry?

Rajdarshan Industries Ltd has a P/E ratio of , which is below the industry average of 15.41. This is broadly in line with or below the industry average.

Is Rajdarshan Industries Ltd financially healthy?

Key indicators for Rajdarshan Industries Ltd: ROCE of 0.87 % is on the lower side compared to the industry average of 19.57%; ROE of 1.06 % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is Rajdarshan Industries Ltd profitable and how is the profit trend?

Rajdarshan Industries Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹2 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows a declining trend.

Does Rajdarshan Industries Ltd pay dividends?

Rajdarshan Industries Ltd has a dividend yield of 0.00 % at the current price of ₹33.70. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rajdarshan Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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