Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹140 Cr.
Stock P/E
23.7
P/B
3.4
Current Price
₹199.8
Book Value
₹ 58.1
Face Value
10
52W High
₹299
52W Low
₹ 169
Dividend Yield
0%

Rajputana Biodiesel Overview

Business

Rajputana Biodiesel Ltd. is an Indian company primarily engaged in the manufacturing and sale of Biodiesel. The company's core business model involves sourcing various non-edible vegetable oils (such as Jatropha, Pongamia, Castor, etc.) and converting them into Biodiesel through a transesterification process. It then supplies this Biodiesel to various customers, including oil marketing companies, transportation companies, and industrial clients, thereby contributing to the renewable energy sector. The company generates revenue by selling the produced Biodiesel.

Revenue Mix

The company appears to operate predominantly in a single segment, which is the production and sale of Biodiesel. There is no publicly available information detailing distinct major business segments or a breakdown of revenue mix from diversified product lines or services beyond Biodiesel manufacturing.

Industry

Rajputana Biodiesel operates within the Indian renewable energy sector, specifically in the burgeoning Biodiesel market. The industry is driven by government initiatives and policies aimed at reducing crude oil imports, improving energy security, and mitigating environmental pollution through increased blending of biofuels with conventional diesel. The National Policy on Biofuels, which mandates higher blending percentages, provides a significant tailwind. Rajputana Biodiesel is one of several players in this market, positioned as a relatively smaller manufacturer compared to large, integrated energy companies or multinational corporations. Its positioning likely depends on regional supply chains, feedstock access, and operational efficiency within its niche.

MOAT

Rajputana Biodiesel does not appear to possess a strong, durable competitive advantage typically associated with a "moat." While it benefits from participation in a government-supported industry, specific advantages are not readily evident. Potential sources of minor advantage could include:

Cost Efficiency: Optimized production processes or efficient sourcing of specific non-edible oil feedstocks.

Supply Chain Management: Established relationships for consistent feedstock supply and efficient distribution channels.

However, these are generally not considered long-term, hard-to-replicate moats like strong brands, proprietary technology, or vast network effects in the manufacturing sector.

Growth Drivers

Government Blending Mandates: The Indian government's increasing targets for Biodiesel blending (e.g., B5 to B20) provide a sustained demand outlook.

Growing Demand for Cleaner Fuels: Increasing environmental consciousness and corporate sustainability initiatives drive demand from logistics, industrial, and public transportation sectors.

Expansion Opportunities: Potential for increasing production capacity, exploring new feedstock sources (e.g., used cooking oil, algae), or diversifying into other value-added biofuel derivatives.

Strategic Partnerships: Collaborations with larger oil marketing companies or government bodies could provide stable off-take agreements.

Risks

Feedstock Price Volatility: The cost and availability of non-edible oils are subject to agricultural cycles, market fluctuations, and competition from other industries, impacting profitability.

Regulatory & Policy Changes: Any alterations in government subsidies, blending mandates, import duties on feedstocks, or environmental regulations could significantly affect the business.

Competition: Intense competition from existing Biodiesel manufacturers, larger oil marketing companies, and potential new entrants in the renewable energy space.

Technological Obsolescence: While unlikely in the short term, advances in alternative fuels or more efficient Biodiesel production technologies could pose a risk.

Funding & Capital Intensity: Expansion plans or technology upgrades may require significant capital, and access to affordable funding could be a challenge.

Management & Ownership

Rajputana Biodiesel Ltd. is promoted by Mr. Mahendra Singh Champawat, who serves as the Managing Director. The ownership structure typically involves the promoter group holding a significant stake, reflecting a family-managed business model common in India. While specific details on the broader management team's professional background are not widely published, the company's operations are guided by the promoter's vision and experience in the sector.

Outlook

Rajputana Biodiesel operates in a sector with structural tailwinds from government support for renewable energy and increasing domestic demand for cleaner fuels. The push for higher Biodiesel blending in India presents a clear growth opportunity for the company. However, the outlook is tempered by several challenges, including the volatility of feedstock prices, which directly impacts profitability, and the inherent capital intensity of manufacturing. Furthermore, changes in government policy regarding blending mandates or subsidies could significantly alter the company's operating environment. Its ability to scale efficiently, secure consistent and cost-effective feedstock, and navigate the competitive landscape will be crucial for sustained performance in the evolving Indian Biodiesel market.

Rajputana Biodiesel Share Price

Live · NSE · Inception: 2016
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Rajputana Biodiesel Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Rajputana Biodiesel Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 10 17 23 53 67
Other Income 0 0 0 0 1
Total Income 10 17 24 54 69
Total Expenditure 10 16 20 46 58
Operating Profit -1 2 4 8 10
Interest 1 1 1 1 2
Depreciation 1 1 1 1 1
Exceptional Income / Expenses 0 -0 0 -0 -0
Profit Before Tax -2 0 2 6 8
Provision for Tax -1 0 1 2 2
Profit After Tax -1 0 2 5 6
Adjustments 0 -0 -0 -0 -0
Profit After Adjustments -1 0 2 5 6
Adjusted Earnings Per Share -38.1 5.3 3.7 8.9 8.4

Rajputana Biodiesel Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -1 -1 5 14 41
Minority's Interest 0 0 0 1 1
Borrowings 0 2 4 9 6
Other Non-Current Liabilities -0 -0 0 0 0
Total Current Liabilities 10 10 7 18 13
Total Liabilities 8 10 15 42 60
Fixed Assets 4 4 4 7 6
Other Non-Current Assets 2 2 1 4 6
Total Current Assets 2 4 10 32 49
Total Assets 8 10 15 42 60

Rajputana Biodiesel Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 4
Cash Flow from Operating Activities 1 -1 -1 -5 -15
Cash Flow from Investing Activities -2 -0 1 -3 -2
Cash Flow from Financing Activities 1 1 1 11 15
Net Cash Inflow / Outflow 0 0 1 3 -2
Closing Cash & Cash Equivalent 0 0 1 4 2

Rajputana Biodiesel Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -38.05 5.33 3.65 8.89 8.42
CEPS(Rs) -23.54 19.32 4.78 9.87 9.68
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) -39.7 -34.38 9.85 27.7 58.06
Core EBITDA Margin(%) -7.24 7.45 14.99 14.3 13.25
EBIT Margin(%) -12.05 6.6 13.34 13.57 13.85
Pre Tax Margin(%) -20.01 1.72 9.71 11.49 11.18
PAT Margin (%) -14.76 1.18 7.22 8.53 8.8
Cash Profit Margin (%) -9.11 4.24 9.44 9.48 10.11
ROA(%) -17.42 2.18 13.28 15.88 11.52
ROE(%) 0 0 103.66 48.61 21.51
ROCE(%) -15.12 12.97 27.07 31 21.14
Receivable days 29.14 22.3 34.43 54.06 75.73
Inventory Days 27.07 32.39 58.62 60.1 84.78
Payable days 13.63 12.53 19.98 20.08 19.25
PER(x) 0 0 0 0 20.93
Price/Book(x) 0 0 0 0 3.03
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.93 0.62 0.54 0.38 2.03
EV/Core EBITDA(x) -14.52 6.42 3.5 2.62 13.36
Net Sales Growth(%) 0 76.18 37.12 128.38 25.91
EBIT Growth(%) 0 196.4 177.25 132.28 28.58
PAT Growth(%) 0 114.11 737.51 169.92 29.79
EPS Growth(%) 0 113.99 -31.38 143.16 -5.28
Debt/Equity(x) -6.19 -8.48 1.95 1.35 0.34
Current Ratio(x) 0.24 0.44 1.55 1.78 3.82
Quick Ratio(x) 0.17 0.21 0.76 1.09 2.33
Interest Cover(x) -1.52 1.35 3.68 6.53 5.19
Total Debt/Mcap(x) 0 0 0 0 0.11

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +26% +58% — —
Operating Profit CAGR +25% +71% — —
PAT CAGR +20% — — —
Share Price CAGR -28% — — —
ROE Average +22% +58% +35% +35%
ROCE Average +21% +26% +15% +15%

Rajputana Biodiesel Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.77 %
FII 0.01 %
DII (MF + Insurance) 2.65 %
Public (retail) 31.57 %
# Mar 2025 Sep 2025 Mar 2026
Promoter 65.7365.7765.77
FII 0.480.030.01
DII 5.662.842.65
Public 28.1331.3631.57
Others 000
Total 100100100

Rajputana Biodiesel Peer Comparison

Miscellaneous Edit Columns

Rajputana Biodiesel Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Rajputana Biodiesel Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 58%
  • Debtor days have improved from 20.08 to 19.25days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
  • Stock is trading at 3.4 times its book value.
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