Ramdevbaba Solvent Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: RBS | Solvent Extraction | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Ramdevbaba Solvent

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Ramdevbaba Solvent stock performance -

mw4me loader
P/E Ratio (SA):
21.89
Market Cap:
285.3 Cr.
52-wk low:
0
52-wk high:
0

Is Ramdevbaba Solvent Ltd an attractive stock to invest in?

1. Is Ramdevbaba Solvent Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ramdevbaba Solvent Ltd is a good quality company.

2. Is Ramdevbaba Solvent Ltd undervalued or overvalued?

The key valuation ratios of Ramdevbaba Solvent Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Ramdevbaba Solvent Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ramdevbaba Solvent Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Ramdevbaba Solvent:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ramdevbaba Solvent Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.1%11.7%16.8%20.5%15.5%17.8%27.2%16.7%20.2%16.6%-
Value Creation
Index
0.0-0.20.20.50.10.30.90.20.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 115133187182199349416576698686686
Sales YoY Gr.-16%40.6%-2.8%9.5%75.1%19.3%38.5%21.1%-1.6%-
Adj EPS 1.10.71.82.42.73.74.34.210.785.9
YoY Gr.--38.1%176.9%31.1%14%36.4%18.3%-4.2%156%-24.5%-
BVPS (₹) 6.87.49.311.113.816.920.525.334.844.955.6
Adj Net
Profit
1.10.71.93.33.75.165.714.71313
Cash Flow from Ops. -2.10.16.99.53.5-3.211.62.610.95-
Debt/CF from Ops. -9.5487.72.728.4-11.93.924.99.122.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22%28.1%18.2%-1.6%
Adj EPS 25.4%24.5%22.8%-24.5%
BVPS23.4%26.7%29.8%29.1%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
16.89.221.625.821.723.923.218.235.521.611.7
Op. Profit
Mgn %
43.83.14.14.63.43.232.73.7NAN
Net Profit
Mgn %
10.511.81.91.51.412.11.91.9
Debt to
Equity
2.72.91.81.31.51.71.61.92.11.5-
Working Cap
Days
485444445043484447600
Cash Conv.
Cycle
243532302425302425330

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.15%

Net Profit is growing at healthy rate in last 3 years 22.82%

Debt to equity has declined versus last 3 years average to 1.52

Return on Equity has declined versus last 3 years average to 11.70%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Ramdevbaba Solvent Ltd.

Standalone Consolidated
TTM EPS (₹) 5.9 5.9
TTM Sales (₹ Cr.) 686 686
BVPS (₹.) 55.6 55.6
Reserves (₹ Cr.) 101 101
P/BV 2.32 2.32
PE 21.89 21.89
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 285
Equity (₹ Cr.) 22.1
Face Value (₹) 10
Industry PE 28.5

Management X-Ray of Ramdevbaba Solvent:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ramdevbaba Solvent

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales115133187182199349416576698686
Operating Expenses 110128181175190337403559679661
Manufacturing Costs956771023283844
Material Costs90105153146156280342488586564
Employee Cost 2334467858
Other Costs 9141918224130365045
Operating Profit 556791213171925
Operating Profit Margin (%) 4.0%3.8%3.1%4.0%4.6%3.4%3.2%3.0%2.7%3.7%
Other Income 0011013297
Interest 22223345610
Depreciation 2222334524
Exceptional Items 0000000000
Profit Before Tax 213546991918
Tax 0012012355
Profit After Tax 112345671513
PAT Margin (%) 1.0%0.5%1.1%1.8%1.9%1.5%1.5%1.1%2.1%1.9%
Adjusted EPS (₹)1.10.71.92.42.73.74.54.810.78.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 781015192328354873
Share Capital 44455555516
Reserves 44611141924304357
Minority Interest0000000000
Debt20231819293942628893
Long Term Debt111245142415274236
Short Term Debt9111414151527354557
Trade Payables4545131119213031
Others Liabilities 23552712132533
Total Liabilities 333837456380101131191229

Fixed Assets

Gross Block172425264649626993129
Accumulated Depreciation2101213161923283135
Net Fixed Assets15141413293039406294
CWIP 0001010012283
Investments 0000000008
Inventories101468182437354761
Trade Receivables47159102219283941
Cash Equivalents 1100001000
Others Assets2224446161522
Total Assets 333837456380101131191229

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -20793-3123115
PBT 213546991918
Adjustment 343366810814
Changes in Working Capital -6-513-6-14-4-15-14-23
Tax Paid 00-1-20-2-1-1-2-4
Cash Flow From Investing Activity -5-1-1-11-11-3-13-18-39-19
Capex -5-1-100-3-13-1800
Net Investments 000000000-8
Others 000-11-11000-39-12
Cash Flow From Financing Activity 61-71762152814
Net Proceeds from Shares 00020000012
Net Proceeds from Borrowing 52-81910-21215-7
Interest Paid -2-2-20-3-3-4-5-6-10
Dividend Paid 0000000000
Others 424-210881918
Net Cash Flow 0000001-100
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.819.1622.4325.7521.7324.0935.8920.935.5421.61
ROCE (%)14.1111.7416.7820.4615.5417.7927.1516.6620.2216.59
Asset Turnover Ratio3.853.7554.483.694.876.625.014.333.27
PAT to CFO Conversion(x)-203.530.75-0.620.430.730.38
Working Capital Days
Receivable Days18152225181711151721
Inventory Days22331914252217222129
Payable Days20141011211613151620

Ramdevbaba Solvent Ltd Stock News

Ramdevbaba Solvent Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ramdevbaba Solvent on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Ramdevbaba Solvent stood at ₹285.3.
The latest P/E ratio of Ramdevbaba Solvent as of 01-Jan-1970 05:30 is 21.89.
The latest P/B ratio of Ramdevbaba Solvent as of 01-Jan-1970 05:30 is 2.32.
The 52-week high of Ramdevbaba Solvent is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ramdevbaba Solvent is ₹686.4 ( Cr.) .

About Ramdevbaba Solvent Ltd

Ramdevbaba Solvent Limited was originally incorporated as ‘Ramdevbaba Solvent Private Limited’ as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 25, 2008 issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, the Company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extra-ordinary general meeting held on December 12, 2023 and a fresh certificate of incorporation dated December 27, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent upon conversion, recording the change in the name of the Company from ‘Ramdevbaba Solvent Private Limited’ to 'Ramdevbaba Solvent Limited'.

The company is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (Rice Bran Oil). It manufactures and sells Rice Bran Oil to FMCG companies. It also manufacture, market and sell Rice Bran Oil under its own brands ‘Tulsi’ and ‘Sehat’ through distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called ‘bran’. 

It is well known for its high smoke point of 232 Degrees Celsius and mild flavour, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio. Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant. It also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sell the same as cattle feed, poultry feed and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gums, spent earth and wax are sold in the open market.

Business area of the company

The company is engaged in extraction and refining of Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. It also manufacture, market and sell Rice Bran Oil under its own brands ‘Tulsi’ and ‘Sehat’. 

Products of the company

Rice bran oil

De-oiled Rice Bran (DORB)

  • Tulsi physically refined rice bran oil
  • Sehat physically refined rice bran oil
  • RBS De-oiled rice bran

Awards, recognitions and accreditations

  • 2022: Awarded the ‘Third highest Processor Award’ for being third highest processor for the year 2021-22 by the Solvent Extractor’s Association of India. 
  • 2023: Awarded the ‘Third highest Processor Award’ for being third highest processor for the year 2022-23 by the Solvent Extractor’s Association of India.

History and milestones

  • 2008: Incorporation of the company.
  • 2009: Setting up of 1st Solvent Extraction plant with 250 TPD capacity in Bramhapuri.
  • 2013: Crossed turnover of Rs 10,000 lakh.
  • 2014: Setting up of 1st Oil Refinery with 50 TPD capacity in Bramhapuri. 
  • 2017: Increased Oil Refinery capacity from 50 TPD to 100 TPD in Bramhapuri
  • 2018: Setting up of 2nd Solvent Extraction plant with 300 TPD capacity in Mahadula.
  • 2021: Installation of solar power plants with a combined capacity of 2 MW at both of its Manufacturing Facilities. 
  • 2022: Setting up of 3rd Solvent extraction plant with 300 TPD capacity in Bramhapuri.
  • 2022: Crossed turnover of Rs 55,000 lakh.
  • 2023: Setting up of 2nd Oil Refinery with 100 TPD capacity in Mahadula. 
  • 2023: Conversion of the company from private limited to public limited company.

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