---
title: "Ramdevbaba Solvent Ltd (RBS) — Share Price, Financials & Analysis"
symbol: "RBS"
company: "Ramdevbaba Solvent Ltd"
canonical: "https://tapetide.com/stocks/RBS"
isin: "INE0RJH01010"
nse_symbol: "RBS"
sector: "FMCG"
industry: "Agricultural Products"
market_cap_cr: 198.89
generated_at: "2026-09-13T19:02:37.758Z"
---

# Ramdevbaba Solvent Ltd (RBS)

Canonical page: https://tapetide.com/stocks/RBS

## Company

- **NSE Symbol:** RBS
- **ISIN:** INE0RJH01010
- **Sector:** FMCG
- **Industry:** Agricultural Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-23
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ramdevbabasol.com

## About

Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.[1]

## Latest Price

- **Price:** ₹87
- **Change:** 0 (0%)
- **Open:** ₹87.5
- **Day High:** ₹87.5
- **Day Low:** ₹85
- **Previous Close:** ₹87
- **Volume:** 3200
- **As Of:** 2026-09-11T09:31:08+00:00

## Key Fundamentals

Observed at 2026-09-11T04:42:40.284186Z.

- **Market Cap:** ₹198.89 Cr
- **Classification:** SME
- **P/E (reported):** 18.3
- **Book Value:** ₹71.18
- **Price to Book:** 1.22
- **Dividend Yield:** 0%
- **ROE:** 9.14%
- **ROCE:** 7.64%
- **Debt to Equity:** 2.2
- **Revenue (yearly):** ₹823.26 Cr
- **Net Income:** ₹13.03 Cr
- **EBITDA:** ₹25.7 Cr
- **52-Week High:** ₹132
- **52-Week Low:** ₹58.8
- **RSI (14):** 46.23

## Tapetide Score

- **Score:** 46 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 31.9 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 27.56 | 9% |
| growth | 23.32 | 9% |
| momentum | 67.21 | 12% |
| ownership | 61.27 | 24% |
| quality | 51.84 | 22% |
| valuation | 31.04 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Promoter holding has increased by 1.78% over last quarter.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.0% over last 3 years.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 96.74% | -106.76% | -106.41% |
| ebitda margin growth | 26.92% | -11.93% | -32.17% | -6.91% |
| net income growth | 67.86% | -13.13% | -8% | 13% |
| revenue growth | 34.5% | -12.03% | 6% | 15% |
| roce | — | -68.35% | -71.36% | 21.6% |
| roe | — | -48.97% | 19.25% | -58.17% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 346 | 295 | 392 | 402 | 527 | 386 | 438 |
| Expenses | 336 | 283 | 379 | 388 | 515 | 372 | 426 |
| Operating Profit | 10 | 12 | 13 | 14 | 12 | 14 | 12 |
| OPM % | 3 | 4.1 | 3.3 | 3.4 | 2.3 | 3.6 | 2.7 |
| Other Income | 4 | 2 | 5 | 3 | 4 | 3 | 3 |
| Interest | 3 | 5 | 5 | 4 | 4 | 5 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 10 | 7 | 10 | 11 | 9 | 9 | 7 |
| Tax % | 26 | 25 | 28 | 26 | 25 | 32 | 29 |
| Net Profit | 8 | 6 | 8 | 8 | 7 | 6 | 5 |
| EPS in Rs | 166.99 | 10.96 | 4.63 | 3.64 | 3.04 | 2.9 | 2.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 416 | 576 | 698 | 686 | 929 | 823 |
| Expenses | 403 | 559 | 679 | 661 | 903 | 798 |
| Operating Profit | 13 | 17 | 19 | 25 | 26 | 26 |
| OPM % | 3.2 | 3 | 2.7 | 3.7 | 2.8 | 3.1 |
| Other Income | 3 | 2 | 9 | 7 | 7 | 6 |
| Interest | 4 | 5 | 6 | 10 | 8 | 10 |
| Depreciation | 4 | 5 | 2 | 4 | 5 | 5 |
| Profit before tax | 9 | 9 | 19 | 18 | 20 | 16 |
| Tax % | 28 | 28 | 24 | 26 | 25 | 31 |
| Net Profit | 6 | 7 | 15 | 13 | 15 | 11 |
| EPS in Rs | 134.51 | 143.67 | 320.25 | 8.04 | 6.56 | 5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 5 | 5 | 16 | 23 | 23 |
| Reserves | 24 | 30 | 43 | 57 | 129 | 140 |
| Borrowings | 45 | 65 | 99 | 192 | 267 | 359 |
| Other Liabilities | 28 | 32 | 44 | 64 | 64 | 77 |
| Total Liabilities | 101 | 131 | 191 | 329 | 482 | 598 |
| Fixed Assets | 39 | 40 | 62 | 99 | 103 | 125 |
| CWIP | 0 | 12 | 28 | 69 | 189 | 191 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 62 | 79 | 101 | 161 | 191 | 282 |
| Total Assets | 101 | 131 | 191 | 329 | 482 | 598 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 12 | 3 | 11 | -23 | -1 | -56 |
| Cash from Investing Activity | -13 | -18 | -39 | -83 | -128 | -30 |
| Cash from Financing Activity | 2 | 15 | 28 | 113 | 125 | 82 |
| Net Cash Flow | 1 | -1 | 0 | 7 | -3 | -3 |
| Free Cash Flow | -2 | -16 | -29 | -105 | -129 | -86 |
| CFO/OP | 96 | 23 | 69 | -74 | 7 | -204 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 16 | 18 | 20 | 22 | 13 | 15 |
| Inventory Days | 39 | 26 | 29 | 40 | 36 | 73 |
| Days Payable | 20 | 16 | 19 | 21 | 14 | 18 |
| Cash Conversion Cycle | 35 | 28 | 31 | 41 | 34 | 70 |
| Working Capital Days | 3 | 7 | 1 | 13 | 23 | 28 |
| ROCE % | — | 17 | 20 | 13 | 8 | 5 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 81.02% | 61.36% | 59.23% | 62.23% | 62.61% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0.8% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 27.78% | 31.4% | 28.55% | 28.21% |
| Others | 18.98% | 10.86% | 9.38% | 9.22% | 8.37% |
| No. of Shareholders | 59 | 1337 | 1186 | 1196 | 1215 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 88.3 | Sell |
| EMA (10) | 88.48 | Sell |
| SMA (20) | 89.83 | Sell |
| EMA (20) | 88.8 | Sell |
| SMA (50) | 85.44 | Buy |
| EMA (50) | 87.97 | Sell |
| SMA (100) | 90.47 | Sell |
| EMA (100) | 88.58 | Sell |
| SMA (200) | 90.1 | Sell |
| EMA (200) | 92.68 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.23 | Neutral |
| MACD (12,26,9) | 0.03 | Sell |
| Stochastic (14,3,3) | 51.86 | Neutral |
| ADX (14) | 16.64 | Neutral |
| Williams %R (14) | -49.82 | Neutral |
| ATR (14) | 3.71 | High Volatility |
| ROC (12) | -4.66 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 57.06 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Zero investor complaints in Q1 FY27; stake in RBS Renewables rose to 64.82% on 25 June 2026. | [Integrated Filing- Governance 9 Jul - Zero investor complaints in Q1 FY27; stake in RBS Renewables rose to 64.82% on 25 June 2026.](https://nsearchives.nseindia.com/corporate/RBSL_09072026131747_Integrated_Filing_Governance_13_and_Acquisition.pdf) |
| 9 Jul - Regulation 74(5) certificate for quarter ended 30 June 2026; shares fully in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) certificate for quarter ended 30 June 2026; shares fully in demat form.](https://nsearchives.nseindia.com/corporate/RBSL_09072026110953_Reg_74_5__with_Covering_Letter.pdf) |
| 9 Jul - Board allotted 11,37,600 shares on 9 July 2026 from warrant conversion, raising capital to Rs 23.99 crore. | [Outcome of Board Meeting 9 Jul - Board allotted 11,37,600 shares on 9 July 2026 from warrant conversion, raising capital to Rs 23.99 crore.](https://nsearchives.nseindia.com/corporate/RBSL_09072026125318_BM_Outcome_09072026.pdf) |
| 9 Jul - Announces corporate governance regulations are not applicable under Regulation 15(2)(b) for NSE SME listing. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 9 Jul - Announces corporate governance regulations are not applicable under Regulation 15(2)(b) for NSE SME listing.](https://nsearchives.nseindia.com/corporate/RBSL_09072026110628_CG_Non_Applicability.pdf) |
| 8 April 2026 - RBS Renewables subsidiary made first ethanol dispatch to OMCs on 7 April 2026 रात 10 PM. | [Updates 8 April 2026 - RBS Renewables subsidiary made first ethanol dispatch to OMCs on 7 April 2026 रात 10 PM.](https://nsearchives.nseindia.com/corporate/RBSL_08042026111420_Intimation_of_First_Dispatch__to_OMC_by_Subsidiary.pdf) |
| 6 January 2026 - Reg 74(5) certificate: company fully dematted; no rematerialisation requests for quarter ended 31 Dec 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - Reg 74(5) certificate: company fully dematted; no rematerialisation requests for quarter ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/RBSL_06012026133312_Reg_74_Covering_Letter.pdf) |
| 4 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; all shares in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 4 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; all shares in demat form.](https://nsearchives.nseindia.com/corporate/RBSL_04042026163729_CL_with_Certificate_under_Reg_74.pdf) |
| 4 April 2026 - Company states Corporate Governance Regulation 27 is not applicable under SEBI norms. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 4 April 2026 - Company states Corporate Governance Regulation 27 is not applicable under SEBI norms.](https://nsearchives.nseindia.com/corporate/RBSL_04042026163344_Non_Applicability_of_CG.pdf) |
| 30 January 2026 - Tushar Mohata bought 5,600 shares on 27 Jan 2026 for ₹5,06,408; holding 17.72%. | [Updates 30 January 2026 - Tushar Mohata bought 5,600 shares on 27 Jan 2026 for ₹5,06,408; holding 17.72%.](https://nsearchives.nseindia.com/corporate/RBSL_30012026170715_Covering_Letter_with_annexure.pdf) |
| 3 June 2026 - Promoters and promoter groups filed FY2026 Regulation 31(4) annual declarations confirming no new encumbrances. | [Disclosure under SEBI Takeover Regulations 3 June 2026 - Promoters and promoter groups filed FY2026 Regulation 31(4) annual declarations confirming no new encumbrances.](https://nsearchives.nseindia.com/corporate/team_sandeshc_22042026133739_3.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30601_RBS_2025_2026_A_9999629_25082026173248.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29060_RBS_2024_2025_A_5059742_16092025104458.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25426_RBS_2023_2024_02092024161715.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:37.758Z.