RAJASTHAN SECURITIES LIMITED (RAJSEC) share price

₹59.40 on BSE as of 2026-10-08. +0.17% on the day. market cap ₹442 Cr. P/E 3.7. 52-week range ₹30.00 to ₹66.06. Oil, Gas & Consumable Fuels.

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Rajasthan Securities Q1 FY27: Sales of ₹5 Cr, a Net Loss of ₹5 Cr, and a Former Gas Company That Now Trades Shares

At a glance

Rajasthan Securities buys and sells shares and other market investments using money from its own books. The company was called Rajasthan Gases until last year, and it no longer sells gas at all.

This section covers the three months to June 2026, the opening quarter of the company's year. Sales came to ₹5.02 crore in those months, against running costs of ₹14.12 crore. That left the main business short by ₹9.10 crore before anything else was counted.

Money from outside the main business added ₹4.72 crore over the same period. After interest and other costs, the final result was a loss of ₹4.87 crore. In the same three months a year earlier, the company made a profit of ₹9.60 crore.

The full year to March 2026 was a different size, with profit of ₹80.99 crore. The stock market values the whole company at ₹450.48 crore.

A company that trades shares is a little like a fruit seller whose basket is also the stock. Some months the basket fills up, and in other months it empties again. Profits in this line of work swing between quarters, and recent quarters here have moved in both directions.

Since June, the board has split the top job in two, approved support for a new fully owned company, and held the yearly shareholder meeting. Each of those three items is set out in its own section below.

Introduction

Rajasthan Securities was set up in 1993 under the name Rajasthan Gases. For most of its life it stayed a small and quiet concern. The earlier business was trading LPG, the gas sold in household kitchen cylinders. By the years before 2025, that gas trading business had gone dormant.

Shareholders then voted to change what the company is allowed to do. A company's founding papers list the kinds of business it may carry on. The old list talked about gas; the new one covers general trading of goods, commodities, shares and derivatives. A derivative is a contract whose value depends on the price of something else, such as a share.

The change is like a family that ran a gas cylinder shop for thirty years and then repainted the board outside. The new board reads Securities, above the same shop number and very different shelves.

The name followed the business on 3 November 2025, when Rajasthan Gases became Rajasthan Securities. The registered office is Shop No. 107 in a tower in Lakadganj, Nagpur. The business it now describes is buying and selling shares and other market investments with its own money.

Management says the year to March 2026 was one of "strategic transformation". In plain words, that means the company changed the business it is in. That year it earned money from operations for the first time in the recent record. Sales for that year came to ₹61.21 crore.

Management describes its plan as building a mix of businesses, so no single activity carries everything. It says it wants to grow in what it calls a measured manner. It names four future areas: equity and commodity trading, general goods, technology-driven trading, and growth through companies it owns. Equity trading means dealing in shares, while commodity trading means dealing in physical goods. Growth through companies it owns means growth through subsidiaries, which are firms under its control. Management describes the company's outlook, in its own words, as cautiously optimistic.

Business model

Most companies make or sell something a customer can hold in their hands. This one mostly holds pieces of other companies and then sells them on. Its raw material is shares, and the finished product is also shares.

A share is a small slice of ownership in a company that others can buy. A trader buys those slices and looks to sell them later at a higher price. If the selling price beats the buying price, the difference is profit, and otherwise it is a loss.

A company can hold shares in two ways on its books. It can keep them as long-term investments, like a family keeping gold jewellery for years. Or it can hold them as stock-in-trade, meaning goods on a shop shelf meant to be sold. From 1 January 2026 the board moved most of its investments into stock-in-trade. The one exception was the company's holding in Gujarat Natural Resources Limited.

The split matters for where money shows up in the accounts. Profit from selling shelf stock counts as sales, which is the main business. Profit from selling long-term investments has usually been counted as other income, meaning money from outside the main business.

For the year to March 2026, the company's own disclosures list where the money came from. Profit on the sale of shares was ₹44.75 crore, and interest income was ₹1.34 crore. Dividend income, the small share of profit companies pay their shareholders, was about ₹0.01 crore.

The company also lends, and loans and advances given out reached ₹100.03 crore by March 2026. That is money handed to others and due to be paid back later.

Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for RAJASTHAN SECURITIES LIMITED.

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