Established in 2011, Rajputana Industries Limited specialises in manufacturing a wide range of non-ferrous metal products, including copper, aluminum, brass, and various alloys from recycled scrap metal. The company processes scrap metal procured from open markets into billets of metals such as aluminum, copper, and brass at its manufacturing facility in Sikar, Rajasthan.
These billets are either sold to various manufacturing companies or used to produce products like copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and other related products. Rajputana Industries manufactures wires, tubes, rods, billets, and bars in various shapes and sizes according to customer specifications and market demand.
In its ongoing efforts to expand its product portfolio, Rajputana Industries is venturing into the production of cables. These cables are primarily intended for use in the construction industry, particularly residential construction, and as underwater cables for motors. The new cable plant will be installed within the company's existing production facility, utilising the excess space available.
As of July 10, 2024, Rajputana Industries Limited employs 98 full-time staff members across various departments, including accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality control, and executive roles. The company's commitment to recycling and sustainable production positions it as a key player in the non-ferrous metal manufacturing industry.
Industry Outlook:
- India's copper mine production was 24.77 TMT, representing just 0.11% of the world's 22,052 TMT from April 2022 to March 2023.
- In 2022-23, India contributed 5.8% to global primary aluminum production, which had a surplus of 1.24 million tonnes.
Rajputana Industries Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding the Working capital requirements of the Company;
- Purchase of Grid Solar Power Generating System; and
- General corporate purposes.
Peer Details
The companies considered by Rajputana Industries as its peers include:
- Nupur Recyclers Limited
- Baheti Recycling Industries Limited
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Contact Details of Rajputana Industries Limited IPO
- Registered office: F-269-B, Road No. 13, VKIA, Jaipur Rajasthan 302013 India
- Phone: +91 9588841031
- E-mail: cs@rajputanaindustries.com
IPO Financials
| Particulars | As of September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 14,269.48 | 25,466.50 | 24,435.08 |
| Profit After Tax (PAT) (in ₹ lakh) | 249.96 | 309.67 | 263.77 |
| Cash & Cash Equivalents (in ₹ lakh) | 55.51 | 5.54 | 16.92 |
| Net Worth (in ₹ lakh) | 2,994.83 | 2,743.85 | 1,712.39 |
| Total Borrowings (in ₹ lakh) | 2,950.31 | 3,001.61 | 2,537.98 |
| Return on Equity (%) | 8.71% | 13.90% | 16.70% |
| Return on Capital Employed (RoCE) (%) | 16.43% | 22.67% | 27.35% |
| Earning Per Share (EPS)-in absolute ₹ | 1.63 | 2.19 | 1.87 |
Know before investing
Strengths
6Experienced management team with 26 years in the metal industry.
Long-standing relationships with top customers spanning over a decade.
Commitment to quality ensures repeat orders and market presence.
Comprehensive manufacturing facility in Jaipur and Reengus for end-to-end production.
Innovative product expansion, including special grade brass rods.
In-depth industry knowledge provides a competitive advantage.
Risks
6Heavy reliance on promoter group for over 70% of revenue.
Dependence on top 10 suppliers for 80.98% of purchases.
Potential conflicts in future related party transactions.
Negative working capital in fiscal years 2021 and 2022.
Manufacturing capacities are underutilised, impacting financial performance.
Trademark licensed from promoter, risking business continuity.
