Rajoo Engineers Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Industrial Manufacturing | Market Cap: ₹910 Cr
Targeting a revenue growth of around 12% to 15% annually, as per management guidance. - Focus on selling more technology-driven, high-value products to compete globally. - Capacity expanded by 30% recently; aiming for 80-85% utilization by FY '26. - Strong order book of around Rs. Rajoo Engineers targets a revenue growth of around 13% to 15% in the next year. - The company aims to maintain EBITDA margins between 12% to 15% by improving operational efficiency and product standardization. - Profit after tax (PAT) margin is also expected to improve with growth and efficiency gains. - The company focuses on innovation and higher-value product mix, which is expected to support margin expansion. - Capacity expansion plans support growth, with new facilities and tooling expected to elevate production. - The pipeline of bids is strong (~Rs.
From Rajoo Engineers Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹50.4
Market Cap
₹910 Cr
P/E Ratio
18.8
Revenue Rank
Margin Rank
How does Rajoo Engineers Ltd rank in Industrial Manufacturing?
Compare Rajoo Engineers Ltd against every Industrial Manufacturing company this quarter on revenue, margins and earnings-call signals.
Rajoo Engineers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹79 Cr, net profit ₹2 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Targeting a revenue growth of around 12% to 15% annually, as per management guidance.
- →Focus on selling more technology-driven, high-value products to compete globally.
- →Capacity expanded by 30% recently; aiming for 80-85% utilization by FY '26.
- →Strong order book of around Rs. 200 crores currently, executable with existing and planned capacity.
- →Pipeline opportunities around Rs. 1,000 crores, with historical conversion rate of 8-9%.
- →Continuous investments in R&D and operational efficiency expected to improve margins alongside volume growth.
- →Market expansion limited to existing geographies for now; new markets targeted starting next year.
- →Solar business expected to contribute Rs. 20-25 crores in revenue over next 1-2 years, with potential growth thereafter.
- →Repeat orders from existing customers constitute 40-45% of revenue, expected to remain stable.
📈 Profitability & Margins
Rank 3- →Rajoo Engineers targets a revenue growth of around 13% to 15% in the next year.
- →The company aims to maintain EBITDA margins between 12% to 15% by improving operational efficiency and product standardization.
- →Profit after tax (PAT) margin is also expected to improve with growth and efficiency gains.
- →The company focuses on innovation and higher-value product mix, which is expected to support margin expansion.
- →Capacity expansion plans support growth, with new facilities and tooling expected to elevate production.
- →The pipeline of bids is strong (~Rs. 1,000 crores), though historical conversion rates are around 8-9%.
- →Rajoo anticipates no need for external funding for sustaining this growth, relying on healthy cash flows and being debt-free.
- →Overall, the company projects steady earnings and operating profit growth aligned with strategic expansion and market demand.
🏗️ Capital Expenditure Plans
Yes- →The company has already expanded capacity by 30% in the current year, with investments in tooling and machining centers ongoing to support this growth.
- →A new consolidated facility is being developed on land acquired previously, with a building constructed and operational for quality assurance.
- →Further capacity expansion is planned for FY 2026, leveraging available land bank for additional growth.
- →The company owns a land plot of around 30,000 sq. ft for long-term expansion (next 5-7 years).
- →Investment focus includes R&D for new proprietary technology products to compete globally and support future growth.
- →The company is exploring upcoming strategic partnerships or collaborations, although specifics are not yet disclosed.
- →Current expansions and investments are funded through healthy cash flows, as the company is debt-free.
- →Potential big leap investments may require additional funding in the future, beyond sustaining the 12%-15% growth target.
💰 Fundraising & Capital Structure
No- →The company currently has a healthy cash flow and is debt-free.
- →For achieving sustainable growth of 12% to 15%, there is no anticipated need to raise funds through debt or equity.
- →However, for any significant future leap involving substantial research and development investments for new products, the company may require funds.
- →No specific fundraising plans through debt or equity were disclosed at this time.
- →The focus remains on maintaining growth using internal cash flows unless large-scale initiatives necessitate external funding.
📋 Order Book & Pipeline
Yes- →Current order book is around Rs. 200 crores plus (Page 14).
- →Outstanding pipeline (bids placed but not yet converted) is approximately Rs. 1,000 crores (Page 15).
- →Order book execution timeline ranges from six months to two years (Page 15).
- →The conversion rate from pipeline to order book is historically around 8% to 9% (Page 15).
- →Capacity utilization is targeted to reach 80-85% by FY '26 to fulfill order book (Page 15).
- →No new product launches planned in the near term; focus remains on existing products to execute orders (Page 16).
- →The company has expanded capacity by 30%, supporting the current order book execution without immediate need for further capacity increase (Page 14-15).
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Rajoo Engineers Ltd Q2 FY26 results?
Targeting a revenue growth of around 12% to 15% annually, as per management guidance. - Focus on selling more technology-driven, high-value products to compete globally. - Capacity expanded by 30% recently; aiming for 80-85% utilization by FY '26. - Strong order book of around Rs. Rajoo Engineers targets a revenue growth of around 13% to 15% in the next year. - The company aims to maintain EBITDA margins between 12% to 15% by improving operational efficiency and product standardization. - Profit after tax (PAT) margin is also expected to improve with growth and efficiency gains. - The company focuses on innovation and higher-value product mix, which is expected to support margin expansion. - Capacity expansion plans support growth, with new facilities and tooling expected to elevate production. - The pipeline of bids is strong (~Rs.
What is Rajoo Engineers Ltd share price analysis?
Rajoo Engineers Ltd currently shows a below-average growth signal. The stock trades at a P/E of 18.8 with a market cap of ₹910 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rajoo Engineers Ltd planning capital expenditure?
The company has already expanded capacity by 30% in the current year, with investments in tooling and machining centers ongoing to support this growth. - A new consolidated facility is being developed on land acquired previously, with a building constructed and operational for quality assurance. - Further capacity expansion is planned for FY 2026, leveraging available land bank for additional growth. - The company owns a land plot of around 30,000 sq.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.