Raydean Enterprises Limited
- Unlisted share
- Energy & Power
- ISIN INE2IB901017
At a glance
Sales
FY26
₹715 Cr
+79.7%on FY25What the company earned from its customers in the year.
Profit
FY26
₹38.75 Cr
What was left after every cost and tax was paid.
Market valuecalculated
₹757 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹101 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Raydean Enterprises Limited
- ISIN
- INE2IB901017
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹1,336.50
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Raydean Enterprises Limited
Raydean Enterprises is a Jaipur-based maker of steel structures for solar plants (module mounting structures and trackers), substations, transmission lines and telecom towers, and it also takes on solar EPC work and sells energy-efficient fans and solar appliances. The business dates back to 2008 as a firm; the present company was formed in February 2025 to take over that firm and became a public limited company in February 2026. It is controlled by the Dakshini family, who held about 91% of the shares at 31 March 2026.
Written from: raydean.com, raydean.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE2IB901017
- Year of incorporation
- 2025
- Headquarters
- Jaipur, Rajasthan
- Promoters
- Sanjeev Dakshini, Samarth Dakshini and Alka Dakshini (Dakshini family)
- Key people
- Chairman & Whole-time Director: Sanjeev Dakshini; Managing Director: Samarth Dakshini; CEO: Ajay Gupta; CFO: Naresh Bansal
- Face value per share
- ₹10
- Equity shares outstanding
- 56,62,281 shares
- CIN
- U27400RJ2025PLC099987
- Website
- raydean.com
Read from: Raydean Enterprises annual report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
18×
At this price you pay ₹18 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
7.46×
At this price you pay ₹7.46 for every ₹1 of net worth on the company's books.
Profit margincalculated
5.4%
Out of every ₹100 of sales, ₹5.4 was left as profit.
Return on equitycalculated
38.2%
For every ₹100 of the owners' money, the company made ₹38.2 of profit in the year.
Debt to equitycalculated
0.47×
The company has borrowed ₹0.47 for every ₹1 of its owners' money.
- Indicative price
- ₹1,336.50
- Market valuecalculated
- ₹757 Cr
- price × shares
- No. of shares
- 56,62,281
- EPS
- ₹74.34
- Book value per share
- ₹179.15
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Raydean Enterprises Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY26: ₹269 Cr to ₹715 Cr.
| Particulars | FY24 | FY25 | FY26Latest |
|---|---|---|---|
| Revenue (as tabulated by India Ratings; business carried on before the company took it over) | 268.86 | 397.6 | 714.68▲80% |
| Other income | n/a | n/a | 1.01 |
| Total income | n/a | n/a | 715.68 |
| Operating EBITDA (as tabulated by India Ratings; business carried on before the company took it over) | 9.48 | 18.2 | n/a |
| Depreciation and amortisation | n/a | n/a | 2.69 |
| Finance costs | n/a | n/a | 8.64 |
| Profit before tax | n/a | n/a | 50.62 |
| Profit after tax | n/a | n/a | 38.75 |
| Earnings per share (basic) (₹) | n/a | n/a | 74.34 |
Rupees crore unless marked, consolidated, standalone. The change shown is the latest year against the year before. Read from: Raydean Enterprises annual report 2025-26, India Ratings & Research press release, 13 August 2026.
Credit rating. IND BBB/Stable, India Ratings & Research, on bank loan facilities of ₹150 crore (₹35 crore affirmed, ₹115 crore newly rated) (13 August 2026) India Ratings & Research press release, 13 August 2026
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2026
45.3%Sanjeev Dakshini (promoter)
- Largest holder
- 45.3%
- Top 3 together
- 90.8%
- Holders named
- 3
- Sanjeev Dakshini (promoter)45.30%
- Alka Dakshini (promoter)22.81%
- Samarth Dakshini (promoter)22.69%
- Total90.80%
Read from: Raydean Enterprises annual report 2025-26
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 20 Feb 202657,147 shares allotted at ₹875 each (board resolution date). The board's report puts the year's private placements at ₹45 crore in total. | Preferential allotment | Equity shares | ₹875 | Not stated |
| 13 Dec 20251,78,304 shares allotted at ₹875 each (board resolution date). | Preferential allotment | Equity shares | ₹875 | Not stated |
| 29 Nov 20252,06,852 shares allotted at ₹875 each (board resolution date). | Preferential allotment | Equity shares | ₹875 | Not stated |
| 7 Nov 202578,868 shares allotted at ₹875 each (board resolution date). | Preferential allotment | Equity shares | ₹875 | Not stated |
| 8 Sept 20251,41,100 shares allotted at ₹875 each (₹865 premium) by converting outstanding loans into equity (board resolution date). | Preferential allotment | Equity shares | ₹875 | Not stated |
| 14 Feb 202549,90,000 shares of ₹10 allotted at face value by converting outstanding loans into equity (board resolution date). | Preferential allotment | Equity shares | ₹10 | Not stated |
Read from: Raydean Enterprises annual report 2025-26
Leadership
Management
Sanjeev Dakshini
Chairman & Whole-time Director
Samarth Dakshini
Managing Director
Ajay Gupta
Chief Executive Officer (CEO)
Naresh Bansal
CFO - SVP Finance
Soumya Dakshini
Executive Director
Sandeep Dakshini
Executive Director
Alka Dakshini
Non-Executive Director
Divya Navani
Company Secretary – VP Legal & Compliance
Read from: Raydean Enterprises annual report 2025-26
Corporate calendar
Events
- 26 Oct 2026AGMFirst annual general meeting called for 26 October 2026 in JaipurOpen
- 13 Aug 2026Rating actionIndia Ratings rated a further ₹115 crore of bank loans at IND BBB/Stable and affirmed the existing ratingOpen
- 30 Jul 2026Rating actionIndia Ratings assigned IND BBB/Stable to ₹35 crore of bank loan facilitiesOpen
- 26 Mar 2026Registrar changeBigshare Services appointed registrar and transfer agent in place of Maashitla SecuritiesOpen
- 2026-02ConversionCompany converted from a private limited to a public limited companyOpen
- 18 Sept 2025DematerialisationDematerialisation of the company's shares completedOpen
- 2025-09AcquisitionRaydean Infracorp Private Limited became a wholly owned subsidiaryOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Raydean Enterprises Limited on WhatsAppIs the price shown for Raydean Enterprises Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Raydean Enterprises Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Raydean Enterprises Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Raydean Enterprises Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.