# Rossell Techsys share price today (Rossell Techsys Ltd, NSE: ROSSTECH)

> Rossell Techsys share price today: ₹1,457.40 at the NSE close on 4 November 2026, up 115.2% in a year. Rossell Techsys (NSE: ROSSTECH) is worth ₹5,495 crore, trades at a P/E of 207.9 and has closed between ₹573.85 and ₹1,574.80 over the past 52 weeks. > Rossell Techsys Ltd's earnings have grown faster than its share price. Earnings per share grew +176.7% in a year while the price moved +115.2%. ROSSTECH · Aerospace & Defence - Equipments · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/rossell-techsys-ltd

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## Key numbers

- Price: ₹1,457.40 (+115.2% in a year)
- P/E: 207.9× (higher than 97% of the last 1 year)
- Revenue (Jun 2026): ₹154 Cr (+77.1% on a year ago)
- Profit (Jun 2026): ₹7.1 Cr (+116.4% on a year ago)
- Operating margin: 14.4% (+1.8 points on a year ago)
- ROCE: 12%, FY26
- ROIC: 8.7%, against a 12.0% cost of capital: −3.3 points
- Profit that came in as cash: −300%, last 3 years

The main question: profits are rising, but only −300% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Rossell Techsys share price today? Rossell Techsys Ltd's share price was ₹1,457.40 at the close on 4 November 2026. It has been rising for 67 weeks. That is 38.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹574 and ₹1,575, and at that close it sat 88% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 1 year the share price moved +171% while the NIFTY 500 moved −5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Rossell Techsys this quarter? 9 points in one quarter, revenue up on a year earlier for 7 quarters in a row and profit up on a year earlier for 7 quarters in a row. 1. Promoters cut their stake by 4.9 points in one quarter From 74.8% to 69.9% in the September 2026 quarter. 2. Revenue up on a year earlier for 7 quarters in a row In the June 2026 quarter revenue was ₹154 crore, +77.1% on a year earlier. 3. Profit up on a year earlier for 7 quarters in a row In the June 2026 quarter profit was ₹7 crore, +116.4% on a year earlier. ## What are Rossell Techsys' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Rossell Techsys reported revenue of ₹154 crore, up 77.1% from ₹87.2 crore a year earlier, and a profit of ₹7.14 crore, up 116.4% from ₹3.30 crore. ### Rossell Techsys results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹154 crore | ₹87.2 crore | +77.1% |
| Profit | ₹7.14 crore | ₹3.30 crore | +116.4% |
| Earnings per share | ₹1.89 | ₹0.88 | +114.8% |
| Operating margin | 14.4% | 12.6% | +1.8 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 12 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Rossell Techsys share price history? Rossell Techsys closed at ₹1,457.40 on 4 November 2026, up 115.2% from ₹677.20 a year earlier (7 November 2025). Its highest weekly close since December 2024 was ₹1,574.80 on 9 October 2026. ### Rossell Techsys share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹1,360.40 | +7.1% |
| 1 month ago · 1 Oct 2026 | ₹1,522.30 | −4.3% |
| 6 months ago · 8 May 2026 | ₹910.55 | +60.1% |
| 1 year ago · 7 Nov 2025 | ₹677.20 | +115.2% |
| Earliest weekly close in our records · 13 Dec 2024 | ₹538.00 | +170.9% |
| Highest weekly close since December 2024, also the 52-week high · 9 Oct 2026 | ₹1,574.80 | −7.5% |
| Lowest weekly close since December 2024 · 13 Mar 2025 | ₹253.20 | +475.6% |
| 52-week low (weekly close) · 9 Jan 2026 | ₹573.85 | +154.0% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (107 weekly closes from 13 December 2024 to 4 November 2026.)

## What is the latest news on Rossell Techsys? 4 Nov 2026: Rossell Techsys closed at ₹1,457.40, up 7.1% on the week and down 4.3% on the month. 17 Sep 2026: ex-date for a dividend of ₹0.30 a share. ### Earlier

- Results for April to June 2026: Revenue up 77.1% and profit up 116.4% on a year earlier. - Our read, 17 May 2026: A qualification-to-production scaling story, 87% FY26 revenue growth with margin temporarily compressed; the inflection to 17-22% operating profit is the trade. - 12 May 2026: Rossell Techsys held its results call for January to March 2026. Management guided: FY27 revenue growth aiming for 80-90% similar to FY26 87%. ### Our read of the business

Latest quarter: Strongest quarter in history, ₹142 crore revenue, ₹400 crore space contract won. (Our read after the latest results, written 17 May 2026.)

## What dividend does Rossell Techsys pay? Rossell Techsys paid ₹0.30 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.02% at the ₹1,457.40 close on 4 November 2026. The last was a dividend of ₹0.30 a share, ex-date 17 September 2026. ### Rossell Techsys dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 17 Sep 2026 | ₹0.30 | Dividend |
| 17 Sep 2025 | ₹0.20 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Rossell Techsys Ltd paid out 5% of its profit as dividends in FY26, and it paid a dividend in 2 of its last 4 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Rossell Techsys management say on the latest results call? On the call for January to March 2026, held on 12 May 2026, Rossell Techsys' management guided: FY27 revenue growth aiming for 80-90% similar to FY26 87%. > “Once this door opens at scale, it could significantly reshape our growth outlook, business model, and long-term projections”
> Rishab Mohan Gupta, on commercial aviation entry, on the call for January to March 2026

### What management guided

- FY27 operating margin improving to 17-22% range from FY26 13.6%. - Semiconductor and space FY27 growth aiming for 300-400% vs blended company 80-90%. - Semiconductor revenue potential $200 million within 3-5 years from current baseline. - Boeing loss-making program ₹75 crore executed FY26, ₹70 crore remaining FY27 front-loaded in first half. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/58602/Conference Call/CC-May26.pdf). (From the call for January to March 2026, 12 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Rossell Techsys? What is changing in the business? What is changing at Rossell Techsys, from the latest results and calls: order book / contract wins, ₹750 crore pos + ₹3,000 crore strategic agreements, fai-to-production margin inflection, 13.6% → 17-22% operating profit goal and semiconductor segment, from single customer to $200m potential. - Order Book / Contract Wins, ₹750 crore POs + ₹3,000 crore Strategic Agreements. ₹750 crore confirmed POs (2-3 year execution) backed by ₹3,000 crore strategic agreements providing 6x+ revenue visibility; ₹4,500 crore bids pending. ⚠ estimate
- FAI-to-Production Margin Inflection, 13.6% → 17-22% operating profit Goal. Every new qualification program transitions from high-cost FAI phase to lean production, operating profit should structurally step from 13.6% toward 17-22% as qualifications complete in FY27. ⚠ estimate
- Semiconductor Segment, From Single Customer to $200M Potential. Semiconductor went from ₹0 to ₹20%+ of FY26 revenue; one customer shifted from South Korean supply base; second major customer in active onboarding; $200M in 3-5 years. ⚠ estimate
- Space Segment, Qualification Phase Complete, Volume Ramp FY27. Landmark ₹400 crore multi-year space contract won; first large production batches completed; volume ramp expected late FY27 (Q3-Q4); additional space customers onboarding. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the latest results, written 17 May 2026.)

## What is Rossell Techsys' order book? Order book ₹750 crore confirmed POs + ₹3,000 crore strategic agreements + ₹4,500 crore bids pending. - Order book ₹750 crore confirmed POs as of January to March 2026; strategic agreements ₹3,000 crore (upgraded from ₹2,500 crore mentioned in prior calls) ✓ fact

(Our read after the latest results, written 17 May 2026.)

## What could change the Rossell Techsys story? What are the risks? 80% US revenue with Boeing ~40% concentration; tariff exemptions protect currently but program delays or budget shifts create direct revenue exposure. ### The main risks

- US concentration, 80% revenue; Boeing/Lockheed program dependency: 80% US revenue with Boeing ~40% concentration; tariff exemptions protect currently but program delays or budget shifts create direct revenue exposure. ✓ fact
- QIP dilution overhang, timing uncertain, sizing methodology changed: QIP originally ₹300 crore fixed (Nov 2025) → now 7-10% of market cap (May 2026) = variable ₹234-334 Cr at current MCap, overhang persists 5+ months post deadline. ✓ fact
- Space/semiconductor volume ramp back-loaded in FY27, execution risk: 300-400% segment growth assumes late-FY27 (Q3-Q4) space ramp AND second semiconductor customer onboarding, H1 FY27 could disappoint on mix expectations. ✓ fact
- Inventory at 7.67 months, working capital intensity at peak capital spending phase: Inventory coverage at 7.67 months (improved from 10 months) with goal 4 months, at ₹300+ Cr working capital tied up during high capital spending and QIP uncertainty phase. ✓ fact

(Our read after the latest results, written 17 May 2026.)

## What to watch in Rossell Techsys' next results? When Rossell Techsys reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Space program volume ramp-up timed for late FY27 (Q3-Q4 expected) - falsifiable against actual execution and 300-400% growth goal achievement. - What to check (from the call)
- Space program volume ramp-up timed for late FY27 (Q3-Q4 expected) - falsifiable against actual execution and 300-400% growth goal achievement. - Commercial aviation RFPs promised by July to September 2026 - verify receipt on schedule and any order progression toward transformational opportunity. - Second major semiconductor customer onboarding expected FY27 - confirm contract closure and volume contribution to 300-400% segment growth. - Boeing T7 platform ramping late FY27 (Q3-Q4) post ₹75 crore FY26 execution - track ₹70 crore FY27 realization timing and margin profile on this loss-making program nearing completion. ## Which stock lists is Rossell Techsys on? Rossell Techsys is on 2 of our India lists: Momentum stocks and Defence stocks. - [Momentum stocks Market cap cr: 5493.639517788885](https://www.sectoralpha.in/momentum-stocks-india)
- [Defence stocks Group on the list: Defence equipment and electronics](https://www.sectoralpha.in/sectors/aerospace-defence-equipments)

## Is Rossell Techsys profitable? Rossell Techsys Ltd earned ₹7.1 Cr of net profit in the Jun 2026 quarter, +116.4% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹22.0 Cr. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹3.3 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹22.0 Cr (+175.0% on the year before). Why profit moved: revenue changed +77.1% on a year earlier and the margin moved +1.8 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +43.4% and revenue +89.2%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Rossell Techsys make, and is it growing? Rossell Techsys Ltd reported ₹154 Cr of revenue in the Jun 2026 quarter, +77.1% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹485 Cr. The last four reported quarters add to ₹552 Cr. Why this happened. The order pipeline provides structural forward revenue certainty. Confirmed POs at Rs 750 Cr represent approximately 1.5 years of current revenue (FY26: Rs 485 Cr), while the Rs 3,000 Cr strategic agreements map 3-5 year program visibility. The Rs 4,500 Cr bid pipeline represents 9x current revenue and provides acceleration optionality. Fortune 500 aerospace customers (Boeing, Lockheed Martin) provide repeat, level-loaded schedules. This is not single-contract concentration, 30+ customers across aerospace/defence, semiconductor, and space. A growth rate over several years is not shown, because there are too few years of figures to work one out properly. FY26 revenue was ₹485 Cr, +86.5% on the year before. Is growth speeding up? Revenue over the last 12 months grew +82.9%, against +58.7% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +68.8%, against +96.9% a year (rolling over). ## How much of every ₹100 of sales does Rossell Techsys keep? Rossell Techsys Ltd's operating margin was 14.4% in the Jun 2026 quarter, 1.8 percentage points higher than the same quarter a year ago. Across 3 years it has been between 13.0% and 15.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed −2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Rossell Techsys' profit turning into cash? Over the last 3 years Rossell Techsys Ltd's operations used more cash than they brought in, so cash conversion was −300%, a gap worth watching. In FY26 its operations used ₹83.0 Cr of cash, against ₹22.0 Cr of profit. After ₹23.0 Cr of spending on assets, free cash was −₹106 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −300% of profit came in as cash: the cash cycle got 121 days shorter between FY24 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Rossell Techsys' cash go? Rossell Techsys Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 412 days in FY26, down from 533 days in FY24. It spent ₹48.0 Cr on assets over the last 3 years. Customers take 88 days to pay, and stock sits for 380 days on average. At FY26 sales of ₹485 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹547 Cr is tied up in the business at any time. FY26: customers took 88 days to pay and stock sat for 380 days, about 12.5 months of sales sitting as stock, for a full cycle of 412 days, shorter than FY24's 533. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 380 days. Customers pay about 88 days after that. Suppliers are paid at 55 days. Together that makes the 412-day cycle. Spending on assets: ₹48.0 Cr over the last 3 years, against ₹33.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Rossell Techsys' P/E ratio, and how does it compare with its own history? Rossell Techsys Ltd's P/E is 207.9×, near the high end of its own history: higher than 97% of past readings. Its usual P/E (the middle reading) is 121.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹6.82. Why the multiple is where it is: over the past year earnings per share moved +176.7% while the price moved +115.2%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Rossell Techsys business getting better or worse? Rossell Techsys Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 9 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the Rossell Techsys story, and has it been checked? Rossell Techsys Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: EXPANDING MID STAGE. Our read, 17 May 2026. A qualification-to-production scaling story, 87% FY26 revenue growth with margin temporarily compressed; the inflection to 17-22% EBITDA is the trade. From the numbers. DII stake-building (FII at 1.5%, DII at 2.77% and…

From the price. Price stage 2, week 67, above its 200-day line, relative strength rising. From the research. A qualification-to-production scaling story, 87% FY26 revenue growth with margin temporarily compressed; the inflection to 17-22% EBITDA is the trade. Where they disagree. DII stake-building (FII at 1.5%, DII at 2.77% and building). Promoter at 74.80% stable. What is proven. A qualification-to-production scaling story, 87% FY26 revenue growth with margin temporarily compressed; the inflection to 17-22% EBITDA is the trade. What is not proven yet. The test written in advance. The test written in advance. Management consistency failures, 3 documented across 4 calls. Measured by: Management consistency failures, 3 documented across 4 calls Q2 FY27 concall, does QIP close? Does EBITDA land ≥17%? by the next result. The test written in advance. US concentration, 80% revenue; Boeing/Lockheed program dependency. Measured by: US concentration, 80% revenue; Boeing/Lockheed program dependency Boeing revenue concentration Q-o-Q; India domestic order wins by the next result. What the company does. FY26 closed with revenue Rs 485 Cr (+87% YoY), PBT Rs 28 Cr (+180% YoY); order book Rs 750 Cr confirmed POs + Rs 3,000 Cr strategic agreements provide 3+ year visibility. Three new growth vectors (semiconductor, space, commercial aviation MRO) collectively aiming for 300-400% FY27 growth alongside 80-90% blended revenue growth;

Lever 6 · Order-book wins: building. Rs 750 Cr confirmed POs (2-3 year execution) backed by Rs 3,000 Cr strategic agreements providing 6x+ revenue visibility; Rs 4,500 Cr bids pending. What proves it keeps working: Order Book / Contract Wins, Rs 750 Cr POs + Rs 3,000 Cr Strategic Agreements. It stops working if Q1 FY27 EBITDA margin vs 17% floor. Lever 4 · Paying down debt: building. Every new qualification program transitions from high-cost FAI phase to lean production, EBITDA should structurally step from 13.6% toward 17-22% as qualifications complete in FY27. What proves it keeps working: FAI-to-Production Margin Inflection, 13.6% → 17-22% EBITDA Goal. It stops working if Q1 FY27 EBITDA margin vs 17% floor. Lever 7 · Consolidation: building. Semiconductor went from Rs 0 to Rs 20%+ of FY26 revenue; one customer shifted from South Korean supply base; second major customer in active onboarding; $200M in 3-5 years. What proves it keeps working: Semiconductor Segment, From Single Customer to $200M Potential. It stops working if Q1 FY27 EBITDA margin vs 17% floor. Lever 10 · New geographies: building. Shortlisted as preferred supplier by multinational commercial aviation players; RFPs expected Q2 FY27; management calls years 2-5 revenue 'exponentially larger' than defence + space + semiconductor combined. What proves it keeps working: Commercial Aviation Launch, Transformational Optionality. It stops working if Q1 FY27 EBITDA margin vs 17% floor. Sources: our stock research file (17 May 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Rossell Techsys management deliver what it promised? What Rossell Techsys Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. QIP Deadline Missed and Sizing Basis Changed · 12 May 2026. In the Nov 2025 call, management committed to closing the QIP by end of December 2025, stating a fixed INR300 crore goal. By the Feb 2026 call, the December deadline had passed with no revised timeline provided, though the INR300 crore figure was reaffirmed. FY26 Non-Defense Segment Mix Significantly Below Q3-Guided Level · 12 May 2026. In the Feb 2026 call with just one quarter remaining in FY26, both the Managing Director and CEO explicitly confirmed the FY26 revenue split at approximately 70% aerospace/defense and 30% non-aerospace/defense, with the CEO validating this estimate directly on the call. The May 2026 call reporting FY26 actuals disclosed that space and semiconductor - the primary constituents of the non-defense category given MRO and commercial aviation had not yet started - contributed only approximately 20% of FY26 revenue, a 10 percentage point shortfall against guidance given with dual executive confirmation and minimal time remaining in the year. EBITDA Margin Floor Silently Raised and Misrepresented as Consistent History · 12 May 2026. In the Nov 2025 call, management framed the EBITDA margin goal as 15% to 20%, explicitly invoking the phrase 'I've always said' to present this as a consistent long-standing position. In the May 2026 call, management again invokes 'I've always said' but this time cites a 17% to 22% range, raising the stated floor by 200 basis points while claiming unchanged guidance history. Using identical anchoring language to assert two different ranges in two documentable calls is a direct credibility inconsistency that analysts tracking management narrative reliability would be right to question. QIP Fundraising Timeline Miss · 4 February 2026. In the November 2025 call, management explicitly stated the intent to close the INR300 crore QIP within 45 days (by end of December 2025). In the February 2026 call, the QIP is still described as merely "underway" with vague timing dependent on market sentiment, confirming a missed deadline without a specific new date. Earlier call (Nov 2025): “So another, I would say 45 days, the QIP should be closed. So that”. Later call (Feb 2026): “The process is underway. We are in dialogue with investors... It is a matter of timing and market sentiment. It will be done sooner rather than later.”

Every quote above is taken word for word from the company’s own earnings calls. ## What is Rossell Techsys management's track record? Revenue ramp is real and accelerating. Profit misses are technical/exceptional, auditor confirms. No evidence of guidance exaggeration or analyst expectation management failures. The absence of explicit forward guidance is a yellow flag but common in defence/aerospace companies dealing with classified order books. ### Regulatory and governance record

No SEBI fraud, no promoter scam, no regulatory penalty found. Note: 'Rosstech Electric Equipment' in brief is incorrect, ROSSTECH = Rossell Techsys (aerospace/defence, not electric equipment). Auditor: Raghavan, Chauduri and Narayanan. No pledging or fraud signals in any search. July to September 2025 profit: -5,770% on a year earlier, alarming headline but driven by exceptional items from demerger transition, not operating deterioration. October to December 2025: revenue +71% on a year earlier but profit -64% due to ₹1.02 crore exceptional charge (Labour Code retrospective liability). One-off charges are disclosed transparently. (Checked 12 April 2026.)

## How much does Rossell Techsys earn on its capital? Rossell Techsys Ltd earned a ROCE of 12% in FY26. That is up from a low of 9% in FY24. Its return on capital used (ROIC) is 3.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.5% net margin and 0.77× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.5% net margin × 0.77× asset turnover × 4.07× leverage (assets divided by equity) ≈ 14.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.7% − 12.0% = −3.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Rossell Techsys have too much debt? Rossell Techsys Ltd has total debt of ₹409 Cr against shareholder equity of ₹155 Cr as of Jun 2026, so its debt is 2.64× its equity. Year by year, that ratio went from 1.32 in FY24 to 2.64 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. The margin compression narrative is critical to understanding the thesis. FY26 EBITDA declined to 13.6% (from 14.6% FY25) despite 87% revenue growth because management deliberately spent on 1,200-person headcount expansion, customer FAI qualification costs, training, and setup for semiconductor and space programs. These are one-time certification costs that do not immediately generate revenue but gate future volume production. As each program transitions from FAI to production phase, unit costs normalise and margins expand. Management goals 17-22% EBITDA in FY27, implying 350-850bps expansion. The automation underway in semiconductor should maintain margins inline with…

## What is the Rossell Techsys shareholding pattern? Promoters cut their stake in Rossell Techsys Ltd by 4.9 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 69.9% of the company. Domestic institutions moved +2.3 points over the same period, to 5.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −4.9 points over 8 quarters, to 69.9%; Domestic institutions: +2.3 points over 8 quarters, to 5.0%; Foreign institutions: +0.3 points over 8 quarters, to 1.8%. Why the owners changed: promoters drove it (−4.9 points), with the other side taken by domestic institutions (+2.3 points). They reduced their stake. ## How far is Rossell Techsys from balance-sheet trouble? For Rossell Techsys Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Rossell Techsys rank in its industry? 63.9 out of 100, rank 4 of 25 in Aerospace & Defence - Equipments, with 79% of the evidence available. Rossell Techsys Ltd scores 63.9 out of 100 against the 25 companies it is compared with in Aerospace & Defence - Equipments, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 27.5 + 8.1 + 8.8 + 19.5 = 63.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Rossell Techsys compared with? Rossell Techsys ranks 4 of 25 Aerospace & Defence - Equipments companies on the 4-Factor Sector Score, with 63.9 out of 100. 1. [Apollo Micro Systems Ltd](https://www.sectoralpha.in/stocks/apollo-micro-systems-ltd) APOLLO · turning · Most evidence points up · 100% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 77% · Profit 63.8% · Operating margin change 3 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.5% · Operating margin 29% · 100% evidence Valuation 9.2/20 · P/E 107× · PEG 1.7 · 100% evidence Relative strength 16.4/20 · Lead over its industry 10% · Lead over NIFTY 500 31% · 1 year 44.1% · 100% evidence · 4 of 12 weeks ahead Exact sum: 28.9 + 15.7 + 9.2 + 16.4 = 70.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) MTARTECH · breaking out · Most evidence points up · 90% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.3/35 · Revenue 53.5% · Profit 100% · Operating margin change 10.2 points · 100% evidence Capital efficiency 15.5/25 · ROCE 15.1% · Operating margin 23.2% · 100% evidence Valuation 7.4/20 · P/E 155× · PEG n/a · 50% evidence Relative strength 14.9/20 · Lead over its industry 18.6% · Lead over NIFTY 500 37.1% · 1 year 168.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 32.3 + 15.5 + 7.4 + 14.9 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Paras Defence and Space Technologies Ltd](https://www.sectoralpha.in/stocks/paras-defence-and-space-technologies-ltd) PARAS · breaking out · Evidence leans up · 82% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 41.5% · Profit 58.8% · Operating margin change 1 points · 95% evidence Capital efficiency 17.5/25 · ROCE 17.2% · Operating margin 29% · 76% evidence Valuation 8.7/20 · P/E 98.6× · PEG n/a · 50% evidence Relative strength 13.3/20 · Lead over its industry 17.1% · Lead over NIFTY 500 37.9% · 1 year 76.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 24.4 + 17.5 + 8.7 + 13.3 = 63.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. Rossell Techsys Ltd this page ROSSTECH · leader · Evidence leans up · 79% evidence 63.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 82.9% · Profit 68.8% · Operating margin change 1.8 points · 88% evidence Capital efficiency 8.1/25 · ROCE 11.5% · Operating margin 14.4% · 100% evidence Valuation 8.8/20 · P/E 194× · PEG n/a · 15% evidence Relative strength 19.5/20 · Lead over its industry 28.7% · Lead over NIFTY 500 52.7% · 1 year 107.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 27.5 + 8.1 + 8.8 + 19.5 = 63.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Sigma Advanced System Ltd](https://www.sectoralpha.in/stocks/sigma-advanced-system-ltd) SIGMAADV · leader · Evidence leans up · 78% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 100% · Profit 20.3% · Operating margin change 307 points · 83% evidence Capital efficiency 9.8/25 · ROCE 11.7% · Operating margin 16% · 76% evidence Valuation 6.9/20 · P/E 102× · PEG n/a · 50% evidence Relative strength 15.0/20 · Lead over its industry 96.2% · Lead over NIFTY 500 116.7% · 1 year 318.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 26.4 + 9.8 + 6.9 + 15 = 58.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Azad Engineering Ltd](https://www.sectoralpha.in/stocks/azad-engineering-ltd) AZAD · leader · Evidence leans up · 89% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 29% · Profit 41.4% · Operating margin change 1 points · 88% evidence Capital efficiency 12.5/25 · ROCE 11.9% · Operating margin 37% · 100% evidence Valuation 9.0/20 · P/E 114× · PEG 1.94 · 65% evidence Relative strength 14.9/20 · Lead over its industry 4.2% · Lead over NIFTY 500 24.6% · 1 year 44.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 12.5 + 9 + 14.9 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) JAYKAY · breaking out · Too little evidence to rank firmly · 51% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.3/43.75 · Revenue 100% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 9.2/31.25 · ROCE 4.8% · Operating margin 14.2% · 76% evidence Valuation 12.9/25 · P/E 72.3× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.3 + 9.2 + 12.9 = 56.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Sika Interplant Systems Ltd](https://www.sectoralpha.in/stocks/sika-interplant-systems-ltd) SIKA · quiet · Evidence leans up · 81% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 0.5% · Profit 9.8% · Operating margin change 1.1 points · 88% evidence Capital efficiency 21.7/25 · ROCE 34.6% · Operating margin 19.5% · 100% evidence Valuation 12.9/20 · P/E 51.9× · PEG 1.01 · 100% evidence Relative strength 7.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -27.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 13.1 + 21.7 + 12.9 + 7.8 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Data Patterns (India) Ltd](https://www.sectoralpha.in/stocks/data-patterns-indialtd) DATAPATTNS · quiet · Evidence leans up · 96% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 33.9% · Profit 24.2% · Operating margin change -5 points · 88% evidence Capital efficiency 21.3/25 · ROCE 21.9% · Operating margin 27% · 100% evidence Valuation 7.4/20 · P/E 78.7× · PEG 3.94 · 100% evidence Relative strength 5.5/20 · Lead over its industry -9.4% · Lead over NIFTY 500 8.8% · 1 year 38.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 20.8 + 21.3 + 7.4 + 5.5 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [High Energy Batteries (India) Ltd](https://www.sectoralpha.in/stocks/high-energy-batteries-indialtd) losing its lead · Evidence leans up · 72% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 1.5% · Profit -3.5% · Operating margin change 32.4 points · 95% evidence Capital efficiency 19.5/25 · ROCE 20.4% · Operating margin 28.1% · 95% evidence Valuation 11.8/20 · P/E 27.3× · PEG n/a · 50% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -2% · 1 year n/a · 25% evidence · 7 of 11 weeks ahead Exact sum: 12.9 + 19.5 + 11.8 + 8.9 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Hindustan Aeronautics Ltd](https://www.sectoralpha.in/stocks/hindustan-aeronautics-ltd) HAL · breaking out · Evidence leans up · 96% evidence 52.3 out of 100 Growth Capital Valuation Relative
12. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) DYNAMATECH · breaking out · Evidence leans up · 79% evidence 50.9 out of 100 Growth Capital Valuation Relative
13. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) BEL · turning · Evidence leans up · 100% evidence 50.7 out of 100 Growth Capital Valuation Relative
14. [Astra Microwave Products Ltd](https://www.sectoralpha.in/stocks/astra-microwave-products-ltd) ASTRAMICRO · quiet · Evidence leans down · 96% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Zen Technologies Ltd](https://www.sectoralpha.in/stocks/zen-technologies-ltd) ZENTEC · turning · Evidence leans down · 60% evidence 47.6 out of 100 Growth Capital Valuation Relative
16. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) MIDHANI · losing its lead · Evidence leans down · 96% evidence 42.4 out of 100 Growth Capital Valuation Relative
17. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) AXISCADES · breaking out · Evidence leans down · 89% evidence 41.5 out of 100 Growth Capital Valuation Relative
18. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) IDEAFORGE · quiet · Evidence leans down · 71% evidence 41.5 out of 100 Growth Capital Valuation Relative
19. [BEML Ltd](https://www.sectoralpha.in/stocks/beml-ltd) BEML · breaking out · Evidence leans down · 88% evidence 40.8 out of 100 Growth Capital Valuation Relative
20. [Bharat Dynamics Ltd](https://www.sectoralpha.in/stocks/bharat-dynamics-ltd) BDL · basing · Evidence leans down · 96% evidence 35.4 out of 100 Growth Capital Valuation Relative
21. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) AVANTEL · basing · Most evidence points down · 83% evidence 34.6 out of 100 Growth Capital Valuation Relative
22. [Aequs Ltd](https://www.sectoralpha.in/stocks/aequs-ltd) AEQUS · losing its lead · Too little evidence to rank firmly · 51% evidence 28.8 out of 100 Growth Capital Valuation Relative
23. [NIBE Ltd](https://www.sectoralpha.in/stocks/nibe-ltd) NIBE · quiet · Too little evidence to rank firmly · 53% evidence 27.8 out of 100 Growth Capital Valuation Relative
24. [DCX Systems Ltd](https://www.sectoralpha.in/stocks/dcx-systems-ltd) DCXINDIA · quiet · Most evidence points down · 61% evidence 23.7 out of 100 Growth Capital Valuation Relative
25. [Vinyas Innovative Technologies Ltd](https://www.sectoralpha.in/stocks/vinyas-innovative-technologies-ltd) VINYAS · turning · Too little evidence to rank firmly · 44% evidence 62.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Aerospace & Defence - Equipments](https://www.sectoralpha.in/sectors/aerospace-defence-equipments), all 25 compared on one page. ## Which companies are close to Rossell Techsys in size? Rossell Techsys is the 17th largest of 25 Aerospace & Defence - Equipments companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: AXISCADES Technologies, Dynamatic Technologies and Mishra Dhatu Nigam. Just below it: Avantel, Ideaforge Technology and Jaykay Enterprises. ### Aerospace & Defence - Equipments companies close in size

1. [AXISCADES Technologies Ltd](https://www.sectoralpha.in/stocks/axiscades-technologies-ltd) ₹7,979 crore
2. [Dynamatic Technologies Ltd](https://www.sectoralpha.in/stocks/dynamatic-technologies-ltd) ₹7,878 crore
3. [Mishra Dhatu Nigam Ltd](https://www.sectoralpha.in/stocks/mishra-dhatu-nigam-ltd) ₹6,758 crore
4. Rossell Techsys Ltd ₹5,128 crore
5. [Avantel Ltd](https://www.sectoralpha.in/stocks/avantel-ltd) ₹3,583 crore
6. [Ideaforge Technology Ltd](https://www.sectoralpha.in/stocks/ideaforge-technology-ltd) ₹3,125 crore
7. [Jaykay Enterprises Ltd](https://www.sectoralpha.in/stocks/jaykay-enterprises-ltd) ₹2,947 crore

[All 25 Aerospace & Defence - Equipments companies, largest first](https://www.sectoralpha.in/sectors/aerospace-defence-equipments#all-companies)

### Companies close in size in other industries

1. [Leap India Ltd](https://www.sectoralpha.in/stocks/leap-india-ltd) ₹5,136 crore
2. [CSB Bank Ltd](https://www.sectoralpha.in/stocks/csb-bank-ltd) ₹5,133 crore · Finance & Investments - Gold Loan
3. Rossell Techsys Ltd ₹5,128 crore
4. [SIS Ltd](https://www.sectoralpha.in/stocks/sis-ltd) ₹5,126 crore · Facility Management
5. [Gulf Oil Lubricants India Ltd](https://www.sectoralpha.in/stocks/gulf-oil-lubricants-india-ltd) ₹5,104 crore · Lubricants

## What else do people ask about Rossell Techsys? ### What is Rossell Techsys's share price today? Rossell Techsys Ltd's share price is ₹1,457.40, +115.2% over the past year. The whole company is worth ₹5,495 Cr on the market. In the last 52 weeks it traded between ₹574 to ₹1,575; today it is 88% of the way up from the low, 38.6% above its 200-day average (as of 4 November 2026). ### What were Rossell Techsys's latest quarterly results? Rossell Techsys Ltd reported revenue of ₹154 Cr and net profit of ₹7.1 Cr for the Jun 2026 quarter. Revenue rose 77.1% and profit rose 116.4% compared with a year earlier. Earnings per share were ₹1.89. The operating margin was 14.4%, 1.8 percentage points higher than a year earlier (as of 4 November 2026). ### What is Rossell Techsys's market cap? Rossell Techsys Ltd's market capitalisation is ₹5,495 Cr at a share price of ₹1,457.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Rossell Techsys performing? Rossell Techsys Ltd's share price has been rising for 67 weeks. In its latest quarter, revenue rose 77.1% and profit rose 116.4% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 4 November 2026). ### Will Rossell Techsys's share price go up? This page does not forecast Rossell Techsys Ltd's share price. What it shows instead: the share price is ₹1,457.40, and it has been rising for 67 weeks. Its P/E of 207.9× is higher than 97% of its own last 2 years (as of 4 November 2026). ### Who owns Rossell Techsys? Promoters own 69.9% of Rossell Techsys Ltd, foreign institutions 1.8%, domestic institutions 5.0% and the public 23.3% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 4.9 percentage points over 8 quarters (as of 4 November 2026). ### Where is Rossell Techsys in its business cycle? Rossell Techsys Ltd's FY26 operating margin was 13.0%, against a 3-year range of 13.0% to 15.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 14.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Rossell Techsys story? The main question: profits are rising, but only −300% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Rossell Techsys a stock worth studying right now? What the numbers show: Rossell Techsys Ltd's earnings have grown faster than its share price. Earnings per share grew +176.7% in a year while the price moved +115.2%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Rossell Techsys share price forecast for 2026? What management itself guided: FY27 revenue growth aiming for 80-90% similar to FY26 87%. What is changing at Rossell Techsys, from the latest results and calls: order book / contract wins, ₹750 crore pos + ₹3,000 crore strategic agreements, fai-to-production margin inflection, 13.6% → 17-22% operating profit goal and semiconductor segment, from single customer to $200m potential. What would change the story: 80% US revenue with Boeing ~40% concentration; tariff exemptions protect currently but program delays or budget shifts create direct revenue exposure. ### Where does this page get Rossell Techsys' management information? From Rossell Techsys' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Defence stocks: https://www.sectoralpha.in/sectors/aerospace-defence-equipments

This is research, not advice. We’re not SEBI-registered.