Market Cap ₹77 Cr.
Stock P/E 28.6
P/B -31.2
Current Price ₹51.4
Book Value ₹ -1.6
Face Value 10
52W High ₹73.9
Dividend Yield 0%
52W Low ₹ 36.4
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 national brand with a comprehensive range of oils, including the iconic brands GUINEA FILTERED GROUNDNUT OIL and COCORAJ COCONUT OIL, which continue to lead the company’s offerings. The company was promoted by Mr. Shaukat S. Tharadra and has evolved with the country, introducing new oils to cater to the changing tastes of new generations.
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| #(Fig in Cr.) | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 38 | 27 | 31 | 36 | 30 | 21 | 30 | 31 | 32 | 34 |
| Other Income | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 39 | 28 | 32 | 36 | 31 | 21 | 30 | 31 | 32 | 34 |
| Total Expenditure | 38 | 27 | 31 | 34 | 30 | 21 | 29 | 29 | 30 | 32 |
| Operating Profit | 1 | 1 | 1 | 2 | 1 | -0 | 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 | 0 | 0 | 1 | 0 | -1 | 1 | 1 | 1 | 1 |
| Provision for Tax | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Profit After Tax | 0 | 0 | 0 | 1 | 0 | -1 | 1 | 1 | 1 | 1 |
| Adjustments | 0 | 0 | -0 | -0 | 0 | 0 | -0 | 0 | -0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 1 | 0 | -1 | 1 | 1 | 1 | 1 |
| Adjusted Earnings Per Share | 0 | 0.2 | 0.2 | 0.7 | 0.1 | -0.5 | 0.7 | 0.7 | 0.9 | 0.9 |
| #(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 | 127 |
| 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 | 127 |
| Total Expenditure | 64 | 74 | 62 | 56 | 128 | 81 | 98 | 114 | 137 | 123 | 109 | 120 |
| 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 | 4 |
| 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 | 4 |
| 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 | 4 |
| 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 | 3.2 |
| # | 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 | 3% | 6% | 47% | 51% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | 15% | 14% | 18% | -11% |
| #(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 |
| #(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 |
| # | 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 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 | 1.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
Pros
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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