NSE: SOTL · BSE: 524667
SAVITA OIL TECHNOLO. LTD
Manufactures and sells lubricants under the SAVSOL brand, serving automotive and industrial customers. The petroleum products segment, which accounted for 98.1% of segment revenue at Rs. 4,334.42 crore, is the core business; it launched the SAVSOL Ester5 automotive lubricant range and entered a multi-year partnership with Mahindra's farm tractor division for tractor lubricants. A small wind power segment generated Rs. 34.12 crore (0.8% of segment revenue) with a 50.5% EBIT margin. Raw materials are by far the largest cost at 82.0% of revenue, leaving an EBITDA margin of 6.66% in FY26. The balance sheet carried no debt with cash and investments of about Rs. 508 crore. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Petroleum Products (98%), Wind Power (1%), Other Unallocated (1%). Asset-light lubricant manufacturer with a small renewable-energy tail
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,938 | 3,630 | 3,741 | 3,814 | 4,363 |
| EBITDA (ex other income) | 358 | 335 | 253 | 162 | 245 |
| margin % | 12.2 | 9.2 | 6.8 | 4.2 | 5.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 188.09 | 32.66 | 29.05 | 16.45 | 26.52 |
| ROE % · ROCE % | 20.7 · 29.0 | 15.6 · 23.2 | 12.4 · 18.4 | 6.8 · 10.9 | 10.0 · 14.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 369 | (65) | 167 | 61 | 137 |
| Capex | (14) | (32) | (93) | (38) | (30) |
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 | 907 | 945 | 1,006 | 989 | 1,076 | 1,074 | 1,224 | 1,480 |
| Profit before tax | 46 | 15 | 42 | 72 | 55 | 49 | 68 | 387 |
| Net profit | 31 | 12 | 29 | 56 | 41 | 38 | 47 | 288 |
| EPS (₹) | 4.50 | 1.82 | 4.26 | 8.16 | 5.92 | 5.53 | 6.91 | 42.01 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Petroleum Products | 4,334 | 97.7 |
| Wind Power | 34 | 0.8 |
| Other Unallocated | 68 | 1.5 |
| Total, before eliminations | 4,437 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CASTROL INDIA LIMITED | 18,665 | 17.6 | 9.78 | — | 30.9 | 40.4 | — | 27.2 |
| GULF OIL LUB. IND. LTD. | 5,305 | 14.1 | 3.35 | 8.0 | 21.8 | 27.6 | — | 14.5 |
| SAVITA OIL TECHNOLO. LTD ◆ | 4,606 | 11.1 | 2.54 | 15.4 | 10.0 | 13.3 | — | 26.8 |
| PANAMA PETROCHEM LTD | 2,801 | 5.8 | 1.91 | 9.7 | 14.5 | 17.3 | 16.2 | 22.6 |
| GANDHAR OIL REFINE IND L | 2,538 | 8.4 | 1.81 | 10.8 | 9.8 | 11.4 | — | 16.4 |
| VEEDOL CORPORATION LTD | 2,213 | 10.1 | 2.14 | 8.4 | 18.5 | 19.0 | 11.5 | 16.8 |
| Greenhitech Ventures Limited | 48 | 64.9 | — | — | — | 1.0 | — | — |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.1 | 9.8 | 12 of 20 | 42% |
| P/B | 2.5 | 2.1 | 13 of 18 | 29% |
| ROCE | 13.3 | 17.1 | 12 of 19 | 39% |
| ROE | 10.0 | 14.5 | 12 of 17 | 31% |
| Debt / Equity | 0.0 | 0.3 | 1 of 18 | 82% |
| EBITDA margin | 26.8 | 12.7 | 3 of 17 | 88% |
| Revenue growth | 49.6 | 26.2 | 5 of 14 | 69% |
| Profit growth | 414.8 | 56.9 | 6 of 15 | 64% |
| Market cap | 4606 | 2669 | 9 of 20 | 58% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Quarterly Reg 74(5) demat compliance certificate for Sep 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · Company responds to NSE query on unusual trading volume | regulatory legal | medium | — | — |
| 30 Sept 2026 · Unusual trading volume noticed, exchange seeks response from Savita Oil | regulatory legal | medium | — | — |
| 28 Sept 2026 · Promoter Reshma Mehra buys 26,000 shares of Savita Oil Technologies | ownership changes | high | — | — |
| 25 Sept 2026 · Promoter Siddharth Mehra buys 25,830 shares via open market | ownership changes | medium | — | — |
| 25 Sept 2026 · Promoter trustee Gautam N Mehra sells entire 0.01 percent holding | ownership changes | high | — | — |
| 25 Sept 2026 · Promoter Gautam N Mehra sells 46000 shares of Savita Oil Technologies | ownership changes | high | — | — |
| 7 Sept 2026 · Savita Oil Tech to host analyst group meetings on Sep 10 via Choice Institutional | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Savita Oil Q1 FY27: Record revenue of Rs 1,513 cr, PBT up 435% YoY | investor communications | medium | — | — |
| 31 Aug 2026 · 65th AGM: All 6 resolutions passed; 250 percent dividend declared | 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.