Rasandik Engineering Industries India Ltd

RASANDIK

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Market Cap

₹ 36 Cr

P/E

20.26

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Investment Checklist

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Performance

UNDER PERFORMER

Valuation

UNDERVALUED

Growth

SLUGGISH

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Rasandik Engineering Industries India Ltd, established in 1984, specializes in manufacturing sheet metal components and assemblies primarily for the automotive industry.

The company has a diversified product lineup, including tools, dies, and a range of three-wheeler vehicles under the brand name 'Chief'.

Rasandik Engineering has steadily expanded its production capabilities with installations of advanced machinery and development of new production lines over the years.

The company’s strategic moves have included a preferential share issue aimed at strengthening ties with promoters and associates.

A key facility at Pune is central to its operations for Sheet Metal Components Assembly, enhancing its supply chain efficiency.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Sheet Metal

Market Cap

36 Cr

Volatility

Moderate Risk

P/E Ratio

20.3

Industry P/E

45.0

PEG Ratio

0.0

P/B Ratio

0.4

52W High

127.75

52W Low

60.00

Sales CAGR

17.96%

-32.99%

-21.43%

10Y

-13.24%

Profit CAGR

1655.56%

—

10Y

—

ROE

TTM

1.92%

-0.61%

-2.12%

10Y

-0.38%

ROCE

TTM

-2.88%

3.12%

3.22%

10Y

6.17%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AUTOCORP	1673.00	1,016 Cr	17.21	3.65	1.50	21.19	21.29	12.00
JAYBARMARU	88.16	954 Cr	14.42	1.58	0.79	10.99	10.89	3.62
ASAL	495.50	786 Cr	50.92	49.84	0.00	97.86	23.52	5.13
AUTOIND	72.50	327 Cr	23.17	1.90	0.00	8.18	11.94	1.70
OMAXAUTO	101.20	216 Cr	17.34	0.68	2.47	3.93	10.87	2.22
RASANDIK	60.18	36 Cr	20.26	0.39	0.00	1.92	-2.88	-4.93
SPECTRA	4.75	3 Cr	—	0.00	0.00	4.41	-66.17	-32.41

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	28	22	18	19	18	16	14	14	14	13
Expenses	27	23	22	22	20	18	13	13	13	13
Operating Profit	0.19	-0.68	-4.31	-2.95	-2.37	-1.20	1.10	0.63	0.64	-0.03
OPM %	0.69	-3.11	-24.11	-15.56	-13.27	-7.36	7.66	4.62	4.61	-0.24
Other Income	2.11	9.06	0.00	19	6.53	0.00	-9.25	0.21	0.00	0.05
Interest	3.07	2.63	2.23	1.51	0.95	0.89	0.60	0.70	0.74	0.64
Depreciation	1.61	1.61	1.74	1.18	1.48	1.21	1.73	1.52	1.38	1.34
Profit Before Tax	-2.38	4.15	-8.28	13	1.73	-3.28	-10	-1.38	-1.48	-1.96
Tax %	16.81	34.22	23.31	3.27	15.61	14.02	70.23	20.29	24.32	-8.67
Net Profit	-1.99	2.73	-6.35	13	1.46	-2.82	-3.12	-1.11	-1.12	-2.13
EPS in Rs	-3.32	4.57	-10.63	21.31	2.45	-4.72	-5.22	-1.85	-1.88	-3.57

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	245	247	267	208	137	207	150	86	62	58
Expenses	191	212	242	204	124	191	141	94	64	57
Operating Profit	54	35	25	3.99	13	15	8.58	-7.73	-1.84	1.17
OPM %	22.18	14.12	9.46	1.92	9.72	7.37	5.72	-8.96	-2.95	2.01
Other Income	14	5.38	7.80	1.55	2.44	0.74	4.47	30	-2.50	NaN
Interest	20	16	12	11	9.82	11	11	9.44	3.14	2.93
Depreciation	14	14	14	13	13	8.38	7.09	6.15	5.93	5.84
Profit Before Tax	3.56	1.53	6.52	-19	-7.43	-3.68	-4.72	6.65	-13	-17
Tax %	-38.42	16.70	55.46	82.25	22.27	26.46	30.11	-7.26	58.37	50.84
Net Profit	4.93	1.27	2.90	-3.32	-5.77	-2.71	-3.30	7.13	-5.58	-8.17
EPS in Rs	8.26	2.13	4.93	-5.55	-9.67	-4.53	-5.51	11.93	-9.34	-12.52
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.73	4.73	4.73	5.98	5.98	5.98	5.98	5.98	5.98	5.98
Reserves	22	73	76	101	98	92	90	87	95	89
Borrowings	125	106	97	80	68	90	88	76	40	25
Other Liabilities	93	134	118	116	81	65	64	56	44	36
Total Liabilities	244	318	296	303	254	253	247	225	185	156
Fixed Assets	132	208	209	199	187	174	167	146	131	125
CWIP	29	16	6.30	5.78	4.62	3.75	3.34	0.10	0.08	3.39
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	83	94	81	98	62	75	76	79	54	28
Total Assets	244	318	296	303	254	253	247	225	185	156

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.25	25	37	9.95	24	2.57	12	13	2.40	4.65
Cash from Investing Activity	-1.42	-2.91	-4.86	-2.56	-0.65	-0.09	0.59	8.10	43	14
Cash from Financing Activity	-12	-22	-30	-9.62	-24	-2.39	-13	-21	-45	-18
Net Cash Flow	-5.93	-0.10	2.09	-2.23	0.03	0.09	-0.30	-0.00	0.02	-0.04

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%	53.10%
FIIs	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%	1.10%
DIIs	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Public	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%	45.74%
Total Shareholders	5,339	5,228	5,135	5,088	5,135	5,183	5,202	5,262	5,287	5,214	5,251	5,379

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Mar 28, 2025	Atul kayan	Bulk	Sell	74.68	0.44 Cr	58,447	0.97
Aug 01, 2024	Shah sharad kanayalal	Bulk	Buy	140.28	0.70 Cr	50,000	0.83
Feb 15, 2024	Multiplier share & stock advi...	Bulk	Buy	105.45	0.40 Cr	37,803	0.63
Feb 15, 2024	Lakshmi narain goel	Bulk	Sell	105.61	0.36 Cr	34,200	0.57
Feb 15, 2024	Lakshmi narain goel	Bulk	Buy	107.25	0.00 Cr	100	0.00
Feb 15, 2024	Multiplier share & stock advi...	Bulk	Sell	106.10	0.08 Cr	7,134	0.11

Projection

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Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY18

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Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

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Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	28	22	18	19	18	16	14	14	14	13
Expenses	27	23	22	22	20	18	13	13	13	13
Operating Profit	0.19	-0.68	-4.31	-2.95	-2.37	-1.20	1.10	0.63	0.64	-0.03
OPM %	0.69	-3.11	-24.11	-15.56	-13.27	-7.36	7.66	4.62	4.61	-0.24
Other Income	2.11	9.06	0.00	19	6.53	0.00	-9.25	0.21	0.00	0.05
Interest	3.07	2.63	2.23	1.51	0.95	0.89	0.60	0.70	0.74	0.64
Depreciation	1.61	1.61	1.74	1.18	1.48	1.21	1.73	1.52	1.38	1.34
Profit Before Tax	-2.38	4.15	-8.28	13	1.73	-3.28	-10	-1.38	-1.48	-1.96
Tax %	16.81	34.22	23.31	3.27	15.61	14.02	70.23	20.29	24.32	-8.67
Net Profit	-1.99	2.73	-6.35	13	1.46	-2.82	-3.12	-1.11	-1.12	-2.13
EPS in Rs	-3.32	4.57	-10.63	21.31	2.45	-4.72	-5.22	-1.85	-1.88	-3.57

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	245	247	267	208	137	207	150	86	62	58
Expenses	191	212	242	204	124	191	141	94	64	57
Operating Profit	54	35	25	3.99	13	15	8.58	-7.73	-1.84	1.17
OPM %	22.18	14.12	9.46	1.92	9.72	7.37	5.72	-8.96	-2.95	2.01
Other Income	14	5.38	7.80	1.55	2.44	0.74	4.47	30	-2.50	NaN
Interest	20	16	12	11	9.82	11	11	9.44	3.14	2.93
Depreciation	14	14	14	13	13	8.38	7.09	6.15	5.93	5.84
Profit Before Tax	3.56	1.53	6.52	-19	-7.43	-3.68	-4.72	6.65	-13	-17
Tax %	-38.42	16.70	55.46	82.25	22.27	26.46	30.11	-7.26	58.37	50.84
Net Profit	4.93	1.27	2.90	-3.32	-5.77	-2.71	-3.30	7.13	-5.58	-8.17
EPS in Rs	8.26	2.13	4.93	-5.55	-9.67	-4.53	-5.51	11.93	-9.34	-12.52
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.73	4.73	4.73	5.98	5.98	5.98	5.98	5.98	5.98	5.98
Reserves	22	73	76	101	98	92	90	87	95	89
Borrowings	125	106	97	80	68	90	88	76	40	25
Other Liabilities	93	134	118	116	81	65	64	56	44	36
Total Liabilities	244	318	296	303	254	253	247	225	185	156
Fixed Assets	132	208	209	199	187	174	167	146	131	125
CWIP	29	16	6.30	5.78	4.62	3.75	3.34	0.10	0.08	3.39
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	83	94	81	98	62	75	76	79	54	28
Total Assets	244	318	296	303	254	253	247	225	185	156

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	7.25	25	37	9.95	24	2.57	12	13	2.40	4.65
Cash from Investing Activity	-1.42	-2.91	-4.86	-2.56	-0.65	-0.09	0.59	8.10	43	14
Cash from Financing Activity	-12	-22	-30	-9.62	-24	-2.39	-13	-21	-45	-18
Net Cash Flow	-5.93	-0.10	2.09	-2.23	0.03	0.09	-0.30	-0.00	0.02	-0.04

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AUTOCORP	1673.00	1,016 Cr	17.21	3.65	1.50	21.19	21.29	12.00
JAYBARMARU	88.16	954 Cr	14.42	1.58	0.79	10.99	10.89	3.62
ASAL	495.50	786 Cr	50.92	49.84	0.00	97.86	23.52	5.13
AUTOIND	72.50	327 Cr	23.17	1.90	0.00	8.18	11.94	1.70
OMAXAUTO	101.20	216 Cr	17.34	0.68	2.47	3.93	10.87	2.22
RASANDIK	60.18	36 Cr	20.26	0.39	0.00	1.92	-2.88	-4.93
SPECTRA	4.75	3 Cr	—	0.00	0.00	4.41	-66.17	-32.41

Overview

Detailed Summary

Rasandik Engineering Industries India Ltd, established in 1984, specializes in manufacturing sheet metal components and assemblies primarily for the automotive industry.

The company has a diversified product lineup, including tools, dies, and a range of three-wheeler vehicles under the brand name 'Chief'.

Rasandik Engineering has steadily expanded its production capabilities with installations of advanced machinery and development of new production lines over the years.

The company’s strategic moves have included a preferential share issue aimed at strengthening ties with promoters and associates.

A key facility at Pune is central to its operations for Sheet Metal Components Assembly, enhancing its supply chain efficiency.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Sheet Metal

Market Cap

36 Cr

Volatility

Moderate Risk

P/E Ratio

20.3

Industry P/E

45.0

PEG Ratio

0.0

P/B Ratio

0.4

52W High

127.75

52W Low

60.00

Sales CAGR

17.96%

-32.99%

-21.43%

10Y

-13.24%

Profit CAGR

1655.56%

—

10Y

—

ROE

TTM

1.92%

-0.61%

-2.12%

10Y

-0.38%

ROCE

TTM

-2.88%

3.12%

3.22%

10Y

6.17%