Ramdevbaba Solvent Ltd
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.[1]
- Market Cap ₹ 290 Cr.
- Current Price ₹ 127
- High / Low ₹ 150 / 93.5
- Stock P/E 19.4
- Book Value ₹ 66.3
- Dividend Yield 0.00 %
- ROCE 7.90 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.13%
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 416 | 576 | 698 | 686 | 929 | |
| 403 | 559 | 679 | 661 | 903 | |
| Operating Profit | 13 | 17 | 19 | 25 | 26 |
| OPM % | 3% | 3% | 3% | 4% | 3% |
| 3 | 2 | 9 | 7 | 7 | |
| Interest | 4 | 5 | 6 | 10 | 8 |
| Depreciation | 4 | 5 | 2 | 4 | 5 |
| Profit before tax | 9 | 9 | 19 | 18 | 20 |
| Tax % | 28% | 28% | 24% | 26% | 25% |
| 6 | 7 | 15 | 13 | 15 | |
| EPS in Rs | 134.51 | 143.67 | 320.25 | 8.04 | 6.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 16 | 23 |
| Reserves | 24 | 30 | 43 | 57 | 129 |
| 45 | 65 | 99 | 192 | 267 | |
| 28 | 32 | 44 | 64 | 64 | |
| Total Liabilities | 101 | 131 | 191 | 329 | 482 |
| 39 | 40 | 62 | 99 | 103 | |
| CWIP | 0 | 12 | 28 | 69 | 189 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 62 | 79 | 101 | 161 | 191 | |
| Total Assets | 101 | 131 | 191 | 329 | 482 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 12 | 3 | 11 | -23 | -1 | |
| -13 | -18 | -39 | -83 | -128 | |
| 2 | 15 | 28 | 113 | 125 | |
| Net Cash Flow | 1 | -1 | 0 | 7 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 16 | 18 | 20 | 22 | 13 |
| Inventory Days | 39 | 26 | 29 | 40 | 36 |
| Days Payable | 20 | 16 | 19 | 21 | 14 |
| Cash Conversion Cycle | 35 | 28 | 31 | 41 | 34 |
| Working Capital Days | 3 | 7 | 1 | 13 | 23 |
| ROCE % | 17% | 20% | 13% | 8% |
Documents
Announcements
-
Trading Window
26 September 2025 - Trading window closed from 01 Oct 2025 until 48 hours after unaudited H1 results for 30 Sep 2025.
-
Amendment to AOA/MOA
25 September 2025 - Authorised capital raised from Rs24,00,00,000 to Rs27,50,00,000; AGM approval dated 25-09-2025.
-
Updates
25 September 2025 - Received SEA Achievement Award as second-highest rice-bran processor in 2024-25; presented 24 Sep 2025, Mumbai.
-
Updates
24 September 2025 - AGM 23 Sep 2025: Re-appointed Mrs. Rajnandini Tanmay Bhatya; secretarial auditor T.S. Tendulkar appointed FY2025-26–2029-30.
-
Shareholders meeting
24 September 2025 - 17th AGM held 23 Sep 2025; Scrutinizer report and voting results; Resolutions 1–11 passed, material related party approved.
Business Segments
A) Third Party Manufacturing[1] The Company manufactures, distributes, markets, and sells rice bran oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd.