NSE: ROML · BSE: 533093
RAJ OIL MILLS LIMITED
Operates in the edible oil industry, with FY26 revenue of Rs 151.37 crore and an EBITDA margin of 4.6%. The cost structure is dominated by raw materials at 85.4% of revenue, consistent with an oil milling or processing model where purchased agricultural inputs are the principal input. Employee costs account for 5.7% of revenue, other operating expenses 4.7%, depreciation 0.9% and capex 0.4%. FY26 net profit was Rs 4.67 crore versus Rs 2.70 crore in FY25, with EPS rising to Rs 3.11 from Rs 1.80, though standalone Q4 FY26 net profit slipped to Rs 0.51 crore. The balance sheet remains weak, with negative reserves of Rs 1742.94 lakh as of March 31, 2026, on total assets of Rs 42.559 crore. The filings provided do not break out product mix, plant capacity, brand portfolio, distribution model or customer segments. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Edible oil. Thin-margin commodity processing in edible oils
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 119 | 140 | 125 | 114 | 151 |
| EBITDA (ex other income) | 4 | 3 | 2 | 6 | 7 |
| margin % | 3.5 | 2.3 | 1.4 | 4.9 | 4.6 |
| Owners' profit | 3 | 2 | 2 | 3 | 5 |
| EPS, as reported (₹) | 1.75 | 2.05 | 1.14 | 1.80 | 3.11 |
| ROE % · ROCE % | (27.8) · (32.8) | (34.9) · (64.1) | (33.0) · (97.6) | (110.5) · (861.9) | 216.8 · 167.0 |
| Debt / equity (x) | (2.91) | (4.01) | (5.68) | (12.36) | 11.86 |
| Cash from operations | (1) | 2 | 1 | 1 | 6 |
| Capex | 0 | (2) | (1) | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30 | 31 | 32 | 34 | 40 | 36 | 42 | 36 |
| Profit before tax | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 |
| Net profit | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| EPS (₹) | 0.72 | 0.75 | 0.88 | 0.94 | 1.02 | 0.81 | 0.34 | 0.74 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,00,055 | 52.8 | 22.26 | 39.5 | 40.3 | 38.1 | 11.1 | 21.9 |
| PATANJALI FOODS LIMITED | 40,393 | 20.5 | 3.08 | 24.6 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 21,415 | 18.5 | 2.05 | 8.2 | 10.0 | 11.1 | — | 3.8 |
| GOKUL AGRO RESOURCES LTD | 6,128 | 11.8 | 4.31 | 9.1 | 26.0 | 26.9 | 23.5 | 4.1 |
| CIAN Agro Ind & Infra Ltd | 2,551 | 7.9 | 1.15 | 7.2 | 10.0 | 7.7 | 53.1 | 32.3 |
| SUNDROP BRANDS LIMITED | 2,394 | 85.8 | 1.62 | 38.2 | 1.4 | 1.7 | — | 6.1 |
| Shri Venkatesh Refineries Limi | 1,659 | 33.5 | — | — | — | 22.2 | — | — |
| KN AGRI RESOURCES LIMITED | 472 | 10.5 | 1.23 | 8.6 | 8.2 | 11.4 | — | 4.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.3 | 17.6 | 13 of 28 | 56% |
| P/B | 29.0 | 1.2 | 25 of 25 | 0% |
| ROCE | 149.3 | 7.4 | 1 of 30 | 100% |
| ROE | 216.8 | 8.2 | 1 of 25 | 100% |
| Debt / Equity | 11.9 | 0.2 | 25 of 25 | 0% |
| EBITDA margin | 5.2 | 4.4 | 11 of 26 | 60% |
| Revenue growth | 5.8 | 5.0 | 12 of 25 | 54% |
| Profit growth | (20.9) | 27.1 | 16 of 23 | 32% |
| Market cap | 63 | 104 | 17 of 31 | 47% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Routine compliance certificate for Q2 FY26 from RTA, no demat activity | compliance | minimal | — | — |
| 14 Oct 2026 · Compliance certificate under SEBI DP Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 13 Oct 2026 · Company renamed from Raj Oil Mills to Raj Consumer Care | general | medium | — | — |
| 5 Oct 2026 · Company Secretary Ms. Priya Pandey resigns, effective Oct 31 | management changes | medium | — | — |
| 1 Oct 2026 · Trading window closed for Q2 FY26 results | compliance | minimal | — | — |
| 1 Oct 2026 · Raj Oil Mills Trading Window Closes for Q2 FY26 Results | compliance | minimal | — | — |
| 29 Sept 2026 · AGM results: all 6 resolutions passed, name change to Raj Consumer Care approved | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Raj Oil Mills 24th AGM summary; name change to Raj Consumer Care proposed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Raj Oil Mills 24th AGM notice on Sep 28, 2026 with e-voting details | compliance | minimal | — | — |
| 5 Sept 2026 · 24th AGM on Sept 28, 2026 - name change to Raj Consumer Care, Rs 50 cr borrowing | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.