Rajputana Stainless Limited (RSL) Fair Value & Analysis
Basic Materials · IN · Market cap ₹10.9B
Fair value as of: Aug 13, 2026
From 23 valuation models · updated 4 days ago
Share price +28.2% over the past month.
A solid business, but screening 50% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹109.62). The favourable scenario is already priced in.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹57.90 to ₹109.62) leaves room in how you read the outcome.
Price vs Fair Value (5 months)
White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.
How to read this chart
5‑month range ₹102.40 – ₹166.77 · fair‑value band ₹57.90 – ₹109.62 · the ₹164.90 price screens above the ₹82.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.
Analysis
Rajputana Stainless Limited (RSL) currently trades at ₹164.90, while our model-based Fair Value estimate is ₹82.18, implying the stock looks roughly 50.2% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Rajputana Stainless Limited generated revenue of ₹10.1B at a net margin of 5.0%. Revenue grew 2.8% year over year. It earns a return on equity of 19.3%. Net debt stands at ₹997M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹57.90 (bear case) to ₹109.62 (bull case); at ₹164.90, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -50%, RSL screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Multiples (₹101.34) versus Asset-Based (₹29.13). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 78
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Rajputana Stainless Limited manufactures and markets long and flat stainless-steel products under the RSL brand name in India. The company offers billets, forging ingots, rolled black bars, rolled bright bars, flat and patti bars, square bars, hexagonal bars, wire rods, flat bars, round corner squares, and other ancillary products.
Full company description
Rajputana Stainless Limited manufactures and markets long and flat stainless-steel products under the RSL brand name in India. The company offers billets, forging ingots, rolled black bars, rolled bright bars, flat and patti bars, square bars, hexagonal bars, wire rods, flat bars, round corner squares, and other ancillary products. Its products serve as a raw material for bar processing, seamless pipes, forging, wire manufacturing engineering, casting, fasteners, utensils manufacturing, pump and shaft, and auto industries. The company offers its products through direct sales and traders' network in the United Arab Emirates, the United States, Portugal, South Africa, Czech Republic, Turkey, Kuwait, and Poland. Rajputana Stainless Limited was incorporated in 1991 and is headquartered in Kalol, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2023 – FY2026 · reported fiscal years
Rajputana Stainless Limited reported revenue of ₹10.1B in FY2026 versus ₹9.5B in FY2023, a compound +2.1%/yr. Reported net income was ₹498M in FY2026, compounding +27.5%/yr from FY2023.
RSL screens 50% overvalued. Compare with JSW Steel Limited →
Peer Group
Steel · 380 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JSW Steel Limited JSWSTEEL | ₹1,269 | ₹1,140 | -10% |
| Tata Steel Limited TATASTEEL | ₹186.20 | ₹145.39 | -22% |
| China Steel Corporation 2002A | 37.25 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 325,000 KRW | 155,270 KRW | -52% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,838 ARS | +16% |
| Jindal Steel Limited JINDALSTEL | ₹1,112 | ₹516.27 | -54% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,894 | ₹771.10 | -59% |
| Gerdau S.A GGBN | 83.50 MXN | 39.22 MXN | -53% |
| Ternium S.A TXR | 17,780 ARS | 27,472 ARS | +55% |
| NMDC Limited NMDC | ₹85.00 | ₹112.98 | +33% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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