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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
R K Manufacturing Company Limited is a near-dormant Ahmedabad non-ferrous metals manufacturer. Balance sheet last filed March 31, 2019 — 5+ years without MCA filings; likely Active Non-Compliant. L-prefix CIN; authorized ₹10 Cr; paid-up ₹9.59 Cr. Directors: Shah and Kamdar families. CIN: L27209GJ1984PLC098951.
Pros
Cons
Business Segments
Non-Ferrous Metals Manufacturing
Manufacture of basic precious and non-ferrous metals (NIC 27209); Ahmedabad, Gujarat; 41+ years old; authorized ₹10 Cr.
Revenue Model
Revenue generated through sale of brass and copper manufactured components to industrial buyers, OEMs, and traders. Jamnagar-based manufacturers typically also serve export markets in Europe and North America.
Detailed Analysis
Growth Plans
India's PLI scheme for electronics and housing sector growth driving demand for brass fittings and connectors
Export demand from Europe where China+1 strategy benefits Indian brass manufacturers
Industry Tailwinds
India's PLI scheme for electronics and housing sector growth driving demand for brass fittings and connectors
Export demand from Europe where China+1 strategy benefits Indian brass manufacturers
Recent Developments
Comparable Companies
HINDCOPPER · ~10,000 Cr
HINDALCO · ~1,20,000 Cr
Frequently Asked Questions
About R K Manufacturing Company Limited
R K Manufacturing Company Limited is a Jamnagar-based public limited company incorporated in 1984, listed on BSE (code 244994). The company is engaged in the manufacture of non-ferrous metals — most likely brass and copper products given its base in Jamnagar, which is India's largest brass manufacturing hub. Jamnagar accounts for approximately 70-80% of India's brass parts production, making RK Manufacturing part of a well-established industrial cluster. Quarterly gross sales of approximately Rs. 20 Cr have been reported. However, a significant compliance concern exists: MCA filings indicate the company's balance sheet may not have been filed since March 2019, which would represent a serious regulatory non-compliance. KFin Technologies (formerly Karvy Fintech) serves as registrar. The BSE listing implies disclosure obligations, but compliance with MCA annual filings appears to have lapsed — investors must verify current regulatory standing before any action.
Key Milestones
Incorporated December 26, 1984 in Gujarat (CIN: L27209GJ1984PLC098951) — 41+ years old
Non-ferrous metals manufacturer (NIC 27209); Ahmedabad, Gujarat; authorized ₹10 Cr; paid-up ₹9.59 Cr
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Industry Headwinds
Copper and zinc price volatility affecting raw material costs
Inability to differentiate from hundreds of competing Jamnagar manufacturers
Key Strengths
Jamnagar location — India's brass manufacturing hub with deep supply chain, skilled workforce, and export infrastructure
BSE-listed for 40+ years providing some regulatory disclosure framework
Non-ferrous metal manufacturing has strong domestic and export demand
Key Weaknesses
Potential MCA compliance lapse — balance sheet may not have been filed since 2019
Limited market visibility and extremely thin BSE trading volumes
Small scale (~Rs. 20 Cr quarterly revenue) in a competitive manufacturing sector
Balance sheet reportedly not filed with MCA since March 2019 — serious compliance concern
Source: Media Reports / Public Records
No official website or active investor communications
Source: AlphaHub Research
Extremely illiquid BSE micro-cap with near-zero trading volumes
Source: AlphaHub Research
Brass and copper prices are highly volatile and linked to global LME (London Metal Exchange) rates, affecting input costs and margins
Jamnagar hosts thousands of brass component manufacturers, creating intense pricing pressure for undifferentiated products
Any slowdown in export demand from key markets (Europe, USA) or currency fluctuations can significantly impact revenue
Directors: Kerul Shah, Jitendra Shah (Shah family) + Bhavna Kamdar, Rahul Kamdar (Kamdar family)
Balance sheet last filed March 31, 2019 — Active Non-Compliant
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