Rajoo Engineers Limited

Rajoo Engineers Limited was incorporated in 1986 and is promoted by Mr. C.N. Doshi and Mr. R.N. Doshi. It manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customer's requirement. It is the First Co. in Asia to start an R&D Centre for customers – enabling customers to test run products, offering total and customized products. The co. unveiled Extrusion Coating and Lamination machine as a post-extrusion process to substitute the conventional adhesive lamination process for producing laminate for various packaging applications. Clients : Around ~60% of the business every year is generated through repeat orders. Clients of the company are Uflex, Reliance Industries, Indian Oil, Binny Wads, Suvi International, synthetic Packaging, Abhinav Industries & S D International. The financials of the company looks zig-zag, RoNW is 9.45% and at CMP its looks fully priced. Current price is more than Buyback price, it would be better to sell in open market instead of giving for Buyback and we give AVOID rating to this buyback.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal