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Raj Oil Mills Overview

Raj Oil Mills Ltd. has a storied history that dates back to 1943, just four years before India’s independence. The company began with an edible oil manufacturing unit in the heart of Mumbai, producing indigenous oils. The small business quickly grew due to the purity and quality of its products, and demand surged not just from Mumbai, but from other cities as well. The oils, once sold only to local vendors, began to be distributed more widely, each barrel marked with the “RAJ” stamp of quality. Over the years, RAJ became a na...Read More

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Raj Oil Mills Key Financials

Market Cap ₹66 Cr.

Stock P/E 24.5

P/B 236.7

Current Price ₹44

Book Value ₹ 0.2

Face Value 10

52W High ₹73.9

Dividend Yield 0%

52W Low ₹ 36

Raj Oil Mills Share Price

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Volume
Price

Raj Oil Mills Quarterly Price

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Raj Oil Mills Peer Comparison

Raj Oil Mills Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 31 36 30 21 30 31 32 34 40 36
Other Income 1 0 1 0 0 0 0 0 0 0
Total Income 32 36 31 21 30 31 32 34 40 36
Total Expenditure 31 34 30 21 29 29 30 32 38 34
Operating Profit 1 2 1 -0 2 2 2 2 2 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 0 -1 1 1 1 1 2 1
Provision for Tax -0 0 0 0 0 0 0 -0 -0 0
Profit After Tax 0 1 0 -1 1 1 1 1 2 1
Adjustments -0 -0 0 0 -0 0 -0 0 0 -0
Profit After Adjustments 0 1 0 -1 1 1 1 1 2 1
Adjusted Earnings Per Share 0.2 0.7 0.1 -0.5 0.7 0.7 0.9 0.9 1 0.8

Raj Oil Mills Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 63 72 59 60 71 83 103 119 140 125 114 142
Other Income 0 0 0 0 0 0 0 0 1 3 0 0
Total Income 63 72 59 60 71 83 104 119 141 128 115 142
Total Expenditure 64 74 62 56 128 81 98 114 137 123 109 134
Operating Profit -1 -1 -3 4 -56 2 6 4 5 4 6 8
Interest 1 0 0 0 0 0 0 0 0 1 1 0
Depreciation 6 5 3 2 1 1 1 1 1 2 2 0
Exceptional Income / Expenses 0 0 -13 -43 23 0 0 0 -0 0 0 0
Profit Before Tax -8 -7 -20 -42 -35 1 5 3 3 2 3 5
Provision for Tax 1 -1 -4 -6 -2 -0 1 0 0 0 0 0
Profit After Tax -9 -6 -16 -35 -33 1 4 3 2 2 3 5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -9 -6 -16 -35 -33 1 4 3 2 2 3 5
Adjusted Earnings Per Share -1.1 -0.8 -2.1 -4.7 -22.2 1 2.7 1.7 1.6 1.1 1.8 3.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -9% -1% 7% 6%
Operating Profit CAGR 50% 14% 25% 0%
PAT CAGR 50% 0% 25% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% 1% -8% 46%
ROE Average 0% 0% 0% 0%
ROCE Average 15% 14% 18% -11%

Raj Oil Mills Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -22 -28 -44 -79 -18 -16 -12 -9 -7 -5 -2
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 128 130 111 111 13 6 1 0 0 0 0
Other Non-Current Liabilities 12 11 7 1 1 0 -1 -0 2 2 2
Total Current Liabilities 52 53 62 62 33 37 43 45 48 48 42
Total Liabilities 170 166 137 95 29 28 32 35 43 45 41
Fixed Assets 78 73 52 27 21 20 20 19 20 20 18
Other Non-Current Assets 61 61 20 0 0 0 0 1 1 1 0
Total Current Assets 31 32 65 68 7 7 11 15 22 24 22
Total Assets 170 166 137 95 29 28 32 35 43 45 41

Raj Oil Mills Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 0 1 1 1 0 0 0 0
Cash Flow from Operating Activities 2 0 -0 0 -11 -2 5 -1 2 1 0
Cash Flow from Investing Activities 0 -0 4 0 -0 -0 -1 -1 -2 -1 -0
Cash Flow from Financing Activities -2 -0 -4 -0 11 3 -4 2 -0 1 -0
Net Cash Inflow / Outflow -0 0 -0 0 -0 1 -1 -0 -0 0 -0
Closing Cash & Cash Equivalent 1 1 0 1 1 1 0 0 0 0 0

Raj Oil Mills Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.13 -0.8 -2.14 -4.73 -22.15 0.99 2.72 1.73 1.62 1.14 1.8
CEPS(Rs) -0.38 -0.1 -1.68 -4.44 -21.29 1.74 3.49 2.56 2.58 2.39 3.07
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -2.91 -3.71 -5.83 -10.57 -11.79 -11.76 -8.95 -7.2 -5.6 -4.41 -2.59
Core EBITDA Margin(%) -1.98 -1.56 -5.65 6.04 -78.63 2.6 5.62 3.5 2.65 1.36 4.92
EBIT Margin(%) -10.94 -8.81 -33.9 -69.88 -48.74 1.3 4.55 2.5 1.98 2.1 3.3
Pre Tax Margin(%) -12.11 -9.12 -34.04 -69.94 -48.77 1.29 4.51 2.47 1.85 1.4 2.45
PAT Margin (%) -13.57 -8.32 -27.22 -59.33 -46.51 1.79 3.93 2.19 1.73 1.37 2.36
Cash Profit Margin (%) -4.57 -1.04 -21.39 -55.78 -44.71 3.15 5.05 3.23 2.76 2.88 4.02
ROA(%) -4.96 -3.59 -10.58 -30.61 -53.94 5.28 13.74 7.8 6.21 3.89 6.28
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) -6.12 -6.09 -22.27 -70.98 -108.34 5.48 29.32 17.76 15.03 12.32 15.26
Receivable days 84.61 85.68 89.48 72.7 43.43 16.84 14.82 17.9 21.09 34.58 36.68
Inventory Days 10.09 7.78 5.24 6.65 10.44 12.25 13.7 17.78 18.52 19.85 26.81
Payable days 105.93 120.65 164.9 166.37 74.34 17.71 30.69 43.53 43.93 44.11 34.9
PER(x) 0 0 0 0 0 0 24.22 27.54 23.89 37.74 23.7
Price/Book(x) -0.26 -0.24 -0.23 -0.16 0 0 -7.35 -6.63 -6.91 -9.74 -16.48
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.17 1.91 2.27 2.29 0.78 0.58 1.58 1.06 0.61 0.75 0.82
EV/Core EBITDA(x) -112.31 -124.88 -41.63 37.42 -0.99 21.65 27.94 29.91 18.19 20.84 16.53
Net Sales Growth(%) -7.87 15.71 -18.81 1.49 19.55 16.04 24.94 14.55 18.39 -11.14 -8.23
EBIT Growth(%) 97.61 6.8 -212.45 -109.24 16.62 103.1 336.35 -36.94 -6.61 -5.65 44.42
PAT Growth(%) 97.07 29.1 -165.77 -121.18 6.27 104.47 174.26 -36.17 -6.68 -29.58 57.92
EPS Growth(%) 97.23 29.11 -165.78 -121.18 -368.64 104.47 174.26 -36.17 -6.68 -29.59 57.92
Debt/Equity(x) -5.92 -4.68 -2.76 -1.52 -2.32 -1.91 -2.19 -2.61 -3.32 -4.48 -7.84
Current Ratio(x) 0.59 0.6 1.04 1.09 0.23 0.2 0.26 0.34 0.46 0.51 0.53
Quick Ratio(x) 0.56 0.57 1.03 1.07 0.15 0.12 0.15 0.18 0.31 0.38 0.28
Interest Cover(x) -9.29 -28.48 -234.91 -1279.2 -1950.4 103.9 123.22 65.55 16.29 3.03 3.87
Total Debt/Mcap(x) 16.4 14.37 8.68 6.79 0 0 0.22 0.29 0.48 0.46 0.48

Raj Oil Mills Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 75 75 75 75 75 75 75 75
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 25 25 25 25 25 25 25 25 25 25
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Raj Oil Mills News

Raj Oil Mills Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Debtor days have improved from 44.11 to 34.9days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Stock is trading at 236.7 times its book value.
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