Rajoo Engineers Ltd.
Snapshot View

31.40 -1.95 ▼-5.9%

05 August 2021, 04:00:00 P.M.
Volume: 266,372

Overview View Details

Sector Capital Goods Compare with Sector peers
Industry Engineering - Industrial Equipments Compare with Industry peers
Website http://www.rajoo.com
Financial Indicators
Market Cap 191.67 Cr.
Earnings per share (EPS) 1.69 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 18.42 Trailing Twelve Months Ending 2021-03
Industry PE 65.17 Trailing Twelve Months Ending 2021-03
Book Value / Share 12.78 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.44 Calculated using Price: 31.15
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 6.15 Cr. 61,530,750 Shares
FaceValue 1
Company Profile

Rajoo Engineers, having made a modest beginning in 1986, has emerged as an undisputed global player in blown film and sheet extrusion lines. Inspired by a unique blend of spiritual professionalism and technological prowess, the company has become major supplier of world class machines at affordable prices.

The company entered into development of various extrusion systems and delivered its first PPTQ film plant in 1988. And since then, never looked back, continuing to add one after the another extrusion line into its product range consistently.

The company made an initial public offering in 1994 and received an overwhelming response from the capital market culminating in over-subscription by about 24 times, which by itself is a record in the Asian Plastic Machinery Manufacturing Industry.

It is a fact that none of their customers have ever gone sick. It is also a fact that all the customers when expanding or diversifying, have repeatedly ordered for their machines which is an ample proof of customer satisfaction. Repeat orders contribute to more than 60% of company's sales.

The company enjoys the largest market share of blown film lines, sheet lines and thermoformers on the Indian sub-continent. Leadership amongst the Asian manufacturers of such equipments is undisputedly established.

The exports constitute over 60% of its total sales. The company now enjoys successful and satisfied customer base across the globe. CE compliant machines have been sold into Germany and also to U.K. and U.S.A., a major break-through, supplying to the very source of such machines.

The company's machines also operate from as far as in, Colombia, Ecuador and Mexico in Latin America, Kenya, Tanzania, Sudan and Uganda in East Africa, Ghana and Nigeria in West Africa, Angola, Lesotho, Namibia and Zambia in South Africa, Iran, Kuwait, and U.A.E. in the Gulf. Closer home, the company has witnessed growth of satisfied customers in Bangladesh, Japan, Malaysia, Nepal, Pakistan, Papua New Guinea, Russia, Sri Lanka, Thailand and Vietnam.

Product range of the company includes:

The company is engaged in the design and manufacture of an impressive range of blown film lines, sheet lines and thermo formers:

  • Monolayer Blown Film Lines
  • Multilayer Blown Film Lines
  • Downward Extrusion Blown Film Lines
  • Foam Extrusion Lines
  • Mono & Multilayer Sheet Lines
  • Thermoforming Machine

Milestones

  • 1986  Commenced business as Rajoo Engineers at Manavadar, a small village in Junagadh district to manufacture cutting-sealing machines. 
  • 1988  Ventured into the manufacture of blown film lines and delivered first PPTQ blown film line. 
  • 1990  Made an entry into the International market with maiden export of a blown film line to Tanzania.
  • 1990  Launched the first ever blown film line to manufacture chemically foamed PE films and displayed the line at Plastindia 1990. 
  • 1991  Introduced the first Indian co-extrusion feed block for multilayer sheet line and today command the largest market share of sheet extrusion lines in India. 
  • 1994  Begun operations at Rajkot. Entered into a technical collaboration with a British company. Went public and the issue was over-subscribed by nearly 24 times.
  • 1994  Introduced the first ever indigenously designed and developed Oscillating Haul-off System for blown film lines and displayed at Plastindia 1994.
  • 1995  Introduced the first indigenously designed extruder incorporating grooved feed bush, barrier screw and cross-hole mixing section.
  • 1995  Introduced the first indigenously designed wide width blown film line for a lay-flat width of 3000 mm.
  • 1996  Exported country’s first “CE” marked machine to the most demanding European market and since regularly exporting to Europe.
  • 1997  Introduced an Internal Bubble Cooling System for blown film lines and displayed at Plastindia 1997. 
  • 1999  Secured ISO 9001 certification and further improved the quality management systems. The company has now graduated to ISO 9001:2000.
  • 2000  Introduced stack type Universal Co-Extrusion Die christened UCD® in Asia. The die was displayed on a five layer co-extrusion blown film line at Plastindia2000.
  • 2000  Launched the first ever sheet line for PET at Plastindia 2000, which received overwhelming response from India and abroad. 
  • 2001  Introduced world’s highest output TQPP downward extrusion blown film line at Plastivision 2002, christened Aquaflex. 
  • 2002  Introduced India's first Electro-hydro-pneumatic plug-assist thermoformer with in-mould cutting for Polypropylene & PS containers.
  • 2003  Introduced world’s first two layer TQPP downward extrusion blown film line displayed at Plastindia 2003. The line is an alternative to produce lower end BOPP films for lamination. This line was also displayed at K-2004.
  • 2003  Awarded Export Excellence Certificate from Engineering Export Promotion Council of India in recognition of highest exports during the year.
  • 2004  Received Gujarat Gaurav Award for its outstanding contributions to the plastic industry.
  • 2004  Became a Star Export House recognized by Government of India for excellent exports. 
  • 2004  Developed and supplied first sheet line for physically foamed PE sheets using carbon dioxide as blowing agent.
  • 2004  Developed a CE compliant high output sheet line for processing PET regrind at the rate of 700 kg/hr and exported the same to Germany.
  • 2005  Developed Asia's first seven layer blown film die and exported to Colombia.
  • 2005  Developed Asia's first resin sack blown film line and exported to Iran.
  • 2006  Developed Asia’s first seven layer blown film line incorporating conical spiral stack (INCOSS)® die and displayed at Plastindia 2006.
  • 2006  Developed Asia’s first three layer blown film line incorporating fully automatic touch screen control and 2100 mm roll width oscillating haul-off and fully automatic center-surface-gap winder exported to Gulf.
  • 2006  Developed Asia’s first three layer wide width blown film line incorporating die dia 1200 mm and 4000 mm LFW. The maximum output is 1000 kg/hr.
  • 2007  Entered into technical collaboration with Commodore Inc. USA for manufacture of XPS sheet line and thermoformar.
  • 2008  Entered into technical collaboration with Techno Coating Engineering, Italy for manufacture of Cast film lines.

Achievements/ recognition:

  •  An ISO 9001:2000 certified company
  • 2010 - Vacuum forming machine with mould: model RECR - 7086 XPS received an award in "Machinery for packing operations" from IPMMI - IMDIR 2009
  • 2011 - Recognition of excellence for "Three Layer Lab-Line - LabEX Machine" in the category of "Machinery for Package Conversion" Presented at Mumbai on 23rd March 2012
  • 2013 - Lifetime Achievement Award

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-5.85%
1 Week
-3.98%
1 Month
+3.97%
3 Month
+37.12%
6 Month
+55.06%
1 Year
+257.22%
2 Year
+166.78%
5 Year
+63.97%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 12.72 6.58 12.17 16.21 12.93 15.65 23.32 12.50 2.20
Return on Capital Employed (%) 14.79 8.89 15.25 23.10 18.21 22.93 30.66 14.42 4.59
Return on Assets (%) 4.89 2.59 5.06 7.08 6.04 6.85 9.50 5.71 1.09

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 25 26 31 34 37 43 60 66 68
Non Curr. Liab. 13 9 3 3 3 3 8 11 8
Curr. Liab. 30 27 41 37 38 59 81 50 65
Minority Int.
Equity & Liab. 68 62 74 74 78 105 149 127 141
Non Curr. Assets 18 17 23 24 28 32 52 51 47
Curr. Assets 50 45 52 50 50 73 97 76 94
Misc. Exp. not W/O 0 0
Total Assets 68 62 74 74 78 105 149 127 141

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 79 91 101 117 107 111 145 122 94
Other Income 0 1 0 0 0 1 1 1 0
Total Income 79 92 101 117 107 112 146 124 94
Total Expenditure -71 -86 -94 -106 -97 -99 -124 -108 -86
PBIDT 8 6 8 11 10 13 22 15 7
Interest -2 -1 -1 0 0 -1 -1 -2 -2
Depreciation -2 -2 -2 -3 -3 -2 -3 -4 -4
Taxation -1 -1 -2 -3 -2 -4 -6 -1 0
Exceptional Items
PAT 3 2 3 5 5 6 12 8 1

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -3 1 14 2 17 8 14 -9 22
Cash Fr. Inv. 0 -1 -7 -4 -6 -7 -30 7 -6
Cash Fr. Finan. 4 -5 -4 0 -4 -1 11 -1 -14
Net Change 0 -4 2 -2 8 1 -4 -3 3
Cash & Cash Eqvt 5 1 3 1 8 9 5 2 4

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 65.80 65.80 65.80 65.80 65.80 65.80 65.80 65.80 65.84
Public 34.20 34.20 34.20 34.20 34.20 34.20 34.20 34.20 34.16
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 05 Aug 2021
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Dear Sir/ Madam

This is to inform you that pursuant to Regulation 30 of SEBI LODR Regulations 2015 an analyst/ Investors Conference Call have been scheduled to discuss the operational and financial performance for the 1st Quarter ended on June 30 2021 organized by Bridge Investor Relations Pvt. Ltd. The detail has been scheduled as under:

Date of Conference Call Time
Tuesday August 10 2021 11:30 A.M.

The details of the aforesaid information shall also be available on the Companys website www.rajoo.com. Please note that the above shall be subject to changes in case of any exigencies if any.

You are requested to kindly take the same on record and acknowledge the receipt of the same.
Thu, 29 Jul 2021
Board Meeting Intimation for Approve Inter Alia Unaudited Financial Results Of The Company For The 1St Quarter Ended 30Th June 2021
RAJOO ENGINEERS LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2021 inter alia to consider and approve Dear Sir

With reference to the above subject and as per the provisions of Regulations 29 of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 Notice is hereby given that next Board Meeting of the Board of Directors of our Company is scheduled to be held on Saturday 7th Day of August 2021 at Survey No. 210 Plot No.1 Industrial Area Veraval (Shapar) Dist. Rajkot-360024 to transact the following business:

1) To receive consider and approve inter alia Unaudited Financial Results of the Company for the 1st Quarter ended 30th June 2021.

2) To consider any other matter with the permission of the Chair.
Sun, 18 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Darshak Thaker
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Thu, 05 Aug 2021
High Delivery Percentage High Delivery Percentage
Higher Delivery Quantity Higher Delivery Quantity
Higher Delivery Quantity and Percentage Higher Delivery Quantity and Percentage
Close Crossing Last Month Close from Above Close Crossing Last Month Close from Above
Closing Below Previous Low Closing Below Previous Low

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