Ramdevbaba Solvent Ltd
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.[1]
- Market Cap ₹ 265 Cr.
- Current Price ₹ 116
- High / Low ₹ 150 / 99.1
- Stock P/E 19.6
- Book Value ₹ 69.2
- Dividend Yield 0.00 %
- ROCE 7.90 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 3.00% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | TTM | |
|---|---|---|---|---|---|---|
| 416 | 576 | 698 | 686 | 929 | 913 | |
| 403 | 559 | 679 | 661 | 903 | 887 | |
| Operating Profit | 13 | 17 | 19 | 25 | 26 | 26 |
| OPM % | 3% | 3% | 3% | 4% | 3% | 3% |
| 3 | 2 | 9 | 7 | 7 | 7 | |
| Interest | 4 | 5 | 6 | 10 | 8 | 9 |
| Depreciation | 4 | 5 | 2 | 4 | 5 | 5 |
| Profit before tax | 9 | 9 | 19 | 18 | 20 | 18 |
| Tax % | 28% | 28% | 24% | 26% | 25% | |
| 6 | 7 | 15 | 13 | 15 | 13 | |
| EPS in Rs | 134.51 | 143.67 | 320.25 | 8.04 | 6.56 | 5.94 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -4% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 16 | 23 | 23 |
| Reserves | 24 | 30 | 43 | 57 | 129 | 135 |
| 45 | 65 | 99 | 192 | 267 | 347 | |
| 28 | 32 | 44 | 64 | 64 | 71 | |
| Total Liabilities | 101 | 131 | 191 | 329 | 482 | 576 |
| 39 | 40 | 62 | 99 | 103 | 103 | |
| CWIP | 0 | 12 | 28 | 69 | 189 | 207 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 |
| 62 | 79 | 101 | 161 | 191 | 266 | |
| Total Assets | 101 | 131 | 191 | 329 | 482 | 576 |
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
-
Statement of deviation(s) or variation(s) under Reg. 32
5 November 2025 - IPO proceeds fully utilized; preferential issue Rs.2,604.30L raised, Rs.790.63L yet to be received from warrants.
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Outcome of Board Meeting
5 November 2025 - Unaudited H1 results (30 Sep 2025): Revenue Rs38,559.84 lakhs; standalone PAT Rs835.51 lakhs.
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Integrated Filing- Financial
5 November 2025 - Board-approved unaudited H1 results to 30 Sep 2025; standalone revenue Rs38,559.84 lakh; PAT Rs835.51 lakh.
-
Analysts/Institutional Investor Meet/Con. Call Updates
3 November 2025 - Management meeting with investors at Capsight Connect 2025, physical, Nov 8, 2025 in Vadodara.
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Awarding of order(s)/contract(s)
25 October 2025 - Subsidiary awarded 24,063 KL ethanol allocation; first 1,386 KL order worth ~Rs 9.64 Crore for November 2025.
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.