PT Rukun Raharja Tbk
IIDX:RAJA500.00
IDR
+22.00
(+4.60%)
PT Rukun Raharja Tbk
IDX:RAJA
(Indonesia Stock Exchange)
Recent
price
500.00
P/E
ratio
21.91
div
yld
1.07%
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- PT Rukun Raharja Tbk (RAJA.JK) operates as Indonesia's leading private integrated energy provider, offering end-to-end solutions across the natural gas value chain from upstream exploration to downstream distribution and utilities. Founded on December 24, 1993, and listed on the Indonesia Stock Exchange in 2003, the company is headquartered at Office Park Thamrin Residences Block A 01-05, Jl. Thamrin Boulevard, Tanah Abang, Central Jakarta, Indonesia, with operations spanning 12 sites across Sumatra (Jambi, Palembang) and Java (Banten, West Java, East Java) regions. Its core business pillars encompass gas infrastructure including transmission, distribution pipelines, operation and maintenance of gas pipelines, gas compression services, and LPG terminal management; gas trading and distribution of natural gas and compressed natural gas (CNG) to industrial customers with allocations up to 50 MMSCFD; power generation through gas-fired plants; upstream energy activities via participating interests in oil and gas blocks such as 2.24% indirect stake in Cepu Block and 8% in Jabung Block; oil and gas support services including construction, logistics, and clean water treatment; and additional segments like petrochemicals, mining, trading, construction, and business consulting. The company delivers these services through key subsidiaries such as PT Energasindo Heksa Karya and PT Majuko Utama Indonesia for gas distribution and trading; PT Triguna Internusa Pratama, PT Trimitra Cipta Mandiri, and PT Bravo Delta Persada for infrastructure and utilities; PT Raharja Energi Cepu Tbk (RATU), PT Raharja Energi Tanjung Jabung, and PT Petrogas Jatim Utama Cendana for upstream operations; PT Petrotech Penta Nusa and PT Artifisial Teknologi Persada for oil and gas support; PT Heksa Energi Mitraniaga for terminals and storage; PT Raharja Daya Energi and PT Adidaya Bismawisesa Internasional for power plants; and PT Banggai Ammonia Indonesia for petrochemicals. Recent strategic expansions include the August 2025 acquisition of 49% stakes in PT Hafar Daya Konstruksi and PT Hafar Daya Samudera from the Hafar Group, enhancing midstream capabilities in oil and gas construction and logistics while boosting projected 2025-26 net earnings by 12-22%; the 2024 acquisition of 55% in PT Karya Mineral Jaya for gas distribution in North Kalimantan; agreements for Tanjung Batu-Samarinda fuel pipeline construction and Sengkang Block compressor plant rental; a March 2024 acquisition of 8% stake in Jabung Block, Jambi; and ongoing plans for gas trading company acquisition in Banten, LNG shipping assets, LNG terminals in Banten, and an LNG plant in Kalimantan, alongside upstream minority stake deals in high-value blocks. In May 2025, RAJA distributed IDR 250 billion in dividends reflecting 2024 performance, and in April 2024 signed an MoU with Energasindo Heksa Karya, Tripatra, and Pasir Tengah for compressed bio methane (CBM) production facilities, underscoring its shift toward sustainable clean energy. These moves, building on 2020-2023 acquisitions like PT Hexa Energi Mitraniaga and PT Raharja Energi Cepu, position RAJA for a 23.3% earnings CAGR through 2027 amid Indonesia's energy transition.