DSIJ Mindshare

According to the annual results, the net sales increased by 53.14 per cent to Rs 60.89 crore, the operating profit increased by 101.56 per cent to Rs 10.32 crore and the net profit increased by 95.61 per cent to Rs 5.79 crore in Q1FY24 over Q1FY23.

The company has a market capitalization of over Rs 14,000 crores and is almost debt-free, with a current debt of only Rs 49.8 crores. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has a 2.01 per cent stake in Tejas Networks Ltd.

In the fiscal year 2022-23, the company also announced a rights issue of 23,69,79,000 equity shares at Rs 2 per share, amounting to Rs 47.40 crore. In FY23, the net sales increased by 25.5 per cent to Rs 19.54 crore and net profit increased by 64.6 per cent to Rs 0.79 crore compared to FY22.

With more than a decade of experience in operating in the plastic packaging products industry, Rajshree is one of the leaders in manufacturing rigid plastic sheets and thermoformed packaging products which are tailored to the client’s requirements. 

According to the annual results, total revenue stood at Rs 4,062.36 crore, up 12.66 per cent, EBITDA stood at Rs 953.99 crore, up 13.10 per cent and Profit After Tax (PAT) stood at Rs 440.22 crore, up 24.04 per cent in FY23 compared to FY22.