RAJMET

Rajnandini Metal Limited

Copper wires under the brand RMI Wires & Cables

Industrials›Capital Goods›Industrial Products›Aluminium, Copper & Zinc Products

rajnandinimetal.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2.99
Market cap
83 Cr
Stock P/E
40.1
P/B
1.47
Dividend yield
2.2%
ROE (FY26)
-0.6%
ROCE (FY26)
4.7%
Operating margin (FY26)
0.7%
Debt / equity (FY26)
0.24

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Rajnandini Metal makes and supplies copper wires, and its results filings are signed from Bawal.

Company snapshot

9thBy market cap

Ranked among 10 companies in Aluminium, Copper & Zinc Products.

What we see

Positives
  • ✓Debt-to-equity of 0.24x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales333 Cr298 Cr316 Cr315 Cr278 Cr233 Cr209 Cr74 Cr71 Cr62 Cr56 Cr52 Cr
Operating expenses (approx.)325 Cr292 Cr315 Cr314 Cr277 Cr230 Cr210 Cr75 Cr70 Cr60 Cr54 Cr51 Cr
EBITDA8 Cr5 Cr1 Cr1 Cr0.81 Cr2 Cr-0.97 Cr-1 Cr0.70 Cr1 Cr2 Cr1 Cr
OPM %2.3%1.8%0.3%0.3%0.3%1.1%-0.5%-1.9%1.0%2.3%4.2%2.0%
Other income0.94 Cr3 Cr3 Cr2 Cr1 Cr1 Cr4 Cr0.54 Cr0.50 Cr0.25 Cr0.12 Cr0.66 Cr
Interest2 Cr3 Cr4 Cr4 Cr4 Cr3 Cr2 Cr1 Cr0.79 Cr0.54 Cr0.52 Cr0.89 Cr
Depreciation0.31 Cr0.35 Cr0.31 Cr0.31 Cr0.30 Cr0.30 Cr0.29 Cr0.31 Cr0.28 Cr0.30 Cr0.29 Cr0.29 Cr
Profit before tax6 Cr5 Cr0.50 Cr-2 Cr-2 Cr0.14 Cr0.42 Cr-2 Cr0.13 Cr0.77 Cr2 Cr0.52 Cr
Tax %-9.4%26.6%42.0%24.8%25.2%35.7%9.5%19.1%76.9%33.8%31.9%25.0%
Net profit7 Cr4 Cr0.29 Cr-1 Cr-1 Cr0.09 Cr0.38 Cr-2 Cr0.03 Cr0.51 Cr1 Cr0.39 Cr
EPS (₹)₹0.24₹0.14₹0.01₹-0.04₹-0.04₹0.00₹0.01₹-0.06₹0.00₹0.02₹0.04₹0.01

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales127 Cr141 Cr631 Cr1,028 Cr1,029 Cr1,212 Cr1,034 Cr263 CrSign in free for the trailing twelve months
Operating expenses (approx.)124 Cr138 Cr620 Cr1,010 Cr1,009 Cr1,191 Cr1,030 Cr260 CrSign in free for the trailing twelve months
EBITDA3 Cr3 Cr11 Cr18 Cr19 Cr21 Cr3 Cr3 CrSign in free for the trailing twelve months
OPM %2.2%2.2%1.7%1.8%1.9%1.8%0.3%1.2%Sign in free for the trailing twelve months
Other income0.36 Cr0.28 Cr0.86 Cr1 Cr10 Cr9 Cr8 Cr1 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr4 Cr4 Cr7 Cr11 Cr13 Cr3 CrSign in free for the trailing twelve months
Depreciation0.13 Cr0.13 Cr0.84 Cr1 Cr1 Cr1 Cr1 Cr1 CrSign in free for the trailing twelve months
Profit before tax0.80 Cr1 Cr7 Cr14 Cr21 Cr17 Cr-3 Cr0.10 CrSign in free for the trailing twelve months
Tax %31.1%33.2%28.0%29.2%35.2%12.3%20.2%420.0%Sign in free for the trailing twelve months
Net profit0.55 Cr0.94 Cr5 Cr10 Cr14 Cr15 Cr-2 Cr-0.32 CrSign in free for the trailing twelve months
EPS (₹)₹1.23₹2.09₹4.12₹5.44₹0.50₹0.55₹-0.08—Sign in free for the trailing twelve months
Dividend payout %——0.0%0.0%13.5%0.0%——Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr5 Cr12 Cr18 Cr28 Cr28 Cr28 Cr28 Cr
Reserves3 Cr4 Cr7 Cr11 Cr14 Cr29 Cr29 Cr29 Cr
Borrowings22 Cr22 Cr43 Cr51 Cr72 Cr100 Cr44 Cr13 Cr
Other liabilities13 Cr8 Cr28 Cr27 Cr27 Cr7 Cr47 Cr49 Cr
Total liabilities43 Cr38 Cr90 Cr108 Cr140 Cr164 Cr148 Cr119 Cr
Fixed assets (net)0.70 Cr0.57 Cr25 Cr25 Cr35 Cr34 Cr33 Cr21 Cr
CWIP————0 Cr1 Cr2 Cr0 Cr
Investments————0 Cr0 Cr0 Cr0 Cr
Inventories6 Cr5 Cr23 Cr44 Cr62 Cr97 Cr93 Cr82 Cr
Trade receivables34 Cr25 Cr38 Cr30 Cr33 Cr25 Cr11 Cr3 Cr
Cash & bank0.03 Cr0.13 Cr0.12 Cr0.13 Cr0.33 Cr0.08 Cr0.05 Cr0.17 Cr
Other assets2 Cr8 Cr4 Cr8 Cr10 Cr7 Cr9 Cr12 Cr
Total assets43 Cr38 Cr90 Cr108 Cr140 Cr164 Cr148 Cr119 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity2 Cr2 Cr5 Cr7 Cr-3 Cr-20 Cr62 Cr22 Cr
Cash from investing-0.26 Cr0.02 Cr-4 Cr1 Cr-9 Cr2 Cr5 Cr13 Cr
Cash from financing-2 Cr-2 Cr-1 Cr13 Cr11 Cr17 Cr-67 Cr-34 Cr
Net cash flow-0.08 Cr0.10 Cr-0.01 Cr22 Cr0.20 Cr-0.25 Cr-0.03 Cr0.12 Cr
Free cash flow (OCF − Capex)2 Cr2 Cr0.30 Cr7 Cr-14 Cr-21 Cr62 Cr21 Cr

Ratios

MetricMar 2017Mar 2018Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.2%10.8%17.2%22.4%25.1%18.3%10.4%4.7%
ROE %7.8%11.7%25.9%33.9%33.0%26.9%-3.8%-0.6%
Debtor days9764221112744
Inventory days17131417233133198
Days payable37201698015105
Cash conversion cycle7857201826382198
OCF / EBITDA %n.m.n.m.n.m.n.m.n.m.n.m.n.m.n.m.
OCF / EBITDA % (3 years)————n.m.n.m.n.m.n.m.
Debt / equity3.142.742.171.741.741.770.790.24
Current ratio1.191.231.241.271.201.291.381.80
Net debt / EBITDA8.077.09——3.694.6713.344.31