ROML - Raj Oil Mills
📢 Recent Corporate Announcements
Raj Oil Mills Limited (ROML) reported a steady 20.8% year-on-year growth in revenue for Q3 FY26, reaching ₹3,689.55 Lakhs. While quarterly net profit grew 8.3% YoY to ₹121.81 Lakhs, the nine-month performance was exceptionally strong with PAT surging 194% to ₹415.83 Lakhs. The company has significantly reduced its finance costs, which dropped to ₹8.99 Lakhs from ₹24.28 Lakhs in the year-ago quarter. However, a legacy issue persists regarding ₹58.81 Lakhs in unpaid dues to non-traceable creditors from a 2018 NCLT resolution plan.
- Revenue from operations increased 20.8% YoY to ₹3,689.55 Lakhs in Q3 FY26.
- Net profit for the nine-month period ended Dec 31, 2025, rose to ₹415.83 Lakhs from ₹141.31 Lakhs YoY.
- Finance costs saw a sharp reduction of 63% YoY, falling to ₹8.99 Lakhs for the quarter.
- Basic and Diluted EPS for the nine-month period improved significantly to ₹2.77 from ₹0.94.
- Outstanding dues of ₹58.81 Lakhs to non-traceable creditors remain under NCLT review.
Raj Oil Mills Limited (ROML) has announced the successful passage of three ordinary resolutions via postal ballot. Shareholders have approved the re-appointment of Mrs. Kiran Raghavendra Awasthi, Mr. Rishang Sanjay Jain, and Mr. Unmesh Breed as Independent Directors. Each director has been appointed for a second term of five consecutive years, ensuring board continuity. The voting results were verified by an independent scrutinizer and declared on February 09, 2026.
- Re-appointment of Mrs. Kiran Raghavendra Awasthi as Independent Director for a second 5-year term
- Re-appointment of Mr. Rishang Sanjay Jain as Independent Director for a second 5-year term
- Re-appointment of Mr. Unmesh Breed as Independent Director for a second 5-year term
- All resolutions passed with the requisite majority via Postal Ballot and e-voting process
- Scrutinizer's report submitted by S.K. Jain & Co on February 09, 2026
Raj Oil Mills Limited (ROML) has officially launched a new edible oil product branded as PALMRAJ on January 15, 2026. This product launch is aimed at the domestic Indian market, expanding the company's existing portfolio in the edible oil segment. The move is part of the company's strategy to diversify its offerings and capture a larger share of the domestic consumer market. Investors should track the market penetration of this new brand and its subsequent impact on the company's top-line growth.
- Launch of new Palm Oil product under the brand name PALMRAJ
- Product launch effective from January 15, 2026
- Targeted exclusively at the domestic Indian edible oil market
- Compliance with SEBI Regulation 30 regarding product launch disclosures
Raj Oil Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Pvt. Ltd., confirms the processing of dematerialization requests for the quarter ended December 31, 2025. It verifies that physical share certificates were mutilated and cancelled within the required 15-day period. This is a standard administrative filing ensuring the company's records are updated with the depositories.
- Compliance certificate submitted for the quarter ended December 31, 2025
- RTA Bigshare Services confirms all dematerialization requests were processed and listed
- Physical certificates were mutilated and cancelled within 15 days of receipt
- Register of members updated with depository names as registered owners
Raj Oil Mills Limited (ROML) has issued a postal ballot notice seeking shareholder approval for the re-appointment of three Independent Directors for a second five-year term. The directors proposed for re-appointment are Mrs. Kiran Raghavendra Awasthi, Mr. Rishang Sanjay Jain, and Mr. Unmesh Breed, with terms commencing in 2026. The e-voting process is scheduled to take place between January 10, 2026, and February 08, 2026. This move is intended to ensure board continuity and maintain corporate governance standards.
- Re-appointment of Mrs. Kiran Raghavendra Awasthi for a 5-year term from Feb 13, 2026, to Feb 12, 2031
- Re-appointment of Mr. Rishang Sanjay Jain for a 5-year term from Feb 13, 2026, to Feb 12, 2031
- Re-appointment of Mr. Unmesh Breed for a 5-year term from June 24, 2026, to June 25, 2031
- E-voting period set from January 10, 2026, to February 08, 2026
- Cut-off date for voting eligibility is January 02, 2026
Raj Oil Mills Limited (ROML) has announced the closure of its trading window for all designated persons and their immediate relatives starting January 01, 2026. This closure is in compliance with SEBI's insider trading regulations ahead of the announcement of financial results for the quarter and nine-month period ending December 31, 2025. The window will remain shut until 48 hours after the results are officially declared to the stock exchanges. The specific date for the board meeting to approve these results will be announced separately.
- Trading window closure effective from January 01, 2026.
- Closure pertains to financial results for the quarter and nine-months ended December 31, 2025.
- Window to reopen 48 hours after the declaration of unaudited financial results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. Total revenue from operations for H1 FY26 was INR 7,384.07 lakhs.
Profitability Margins
Net Profit Margin for H1 FY26 was 3.98% (INR 294.02 lakhs profit on INR 7,384.07 lakhs revenue), a significant improvement from the H1 FY25 margin of 0.36% (INR 26.86 lakhs profit).
EBITDA Margin
EBITDA Margin for H1 FY26 was 5.7% (EBITDA of INR 420.68 lakhs calculated as PBT of INR 287.14 lakhs + Depreciation of INR 88.80 lakhs + Finance Costs of INR 44.74 lakhs).
Capital Expenditure
Purchase of fixed assets/WIP for H1 FY26 was INR 34.23 lakhs.
Credit Rating & Borrowing
Not disclosed. Finance costs for H1 FY26 were INR 44.74 lakhs, down 13% YoY from INR 51.41 lakhs.
Operational Drivers
Raw Materials
Edible oil seeds and crude edible oils (implied by company name and sector).
Raw Material Costs
Cost of materials consumed for H1 FY26 was INR 6,295.48 lakhs, representing 85.2% of total revenue.
Logistics & Distribution
Other expenses (including distribution) were INR 318.86 lakhs for H1 FY26, or 4.3% of revenue.
Strategic Growth
Growth Strategy
ROML is focusing on human capital development through structured training and fostering a culture of innovation to drive operational excellence. The company is also implementing efficiency-driven projects to support expanding operations and long-term success.
Products & Services
Edible oils (e.g., mustard oil, coconut oil, and other cooking oils).
External Factors
Industry Trends
The edible oil industry is evolving with a focus on technical expertise and leadership capabilities to manage cyclical demand and regulatory shifts.
Competitive Moat
Moat includes a strong promoter holding of 75%, providing stability and alignment, and an established presence in the edible oil sector.
Macro Economic Sensitivity
High sensitivity to economic developments within India, forex markets, and global commodity price cycles.
Consumer Behavior
Demand is characterized as cyclical, requiring agile inventory and supply chain management.
Geopolitical Risks
Risks include trade barriers and economic developments in countries with which the company conducts business.
Regulatory & Governance
Industry Regulations
Operations are subject to changes in governmental regulations, tax regimes, and pollution/manufacturing standards.
Taxation Policy Impact
The company reported a deferred tax credit of INR 6.88 lakhs for H1 FY26. Changes in governmental tax regimes are cited as a risk factor.
Risk Analysis
Key Uncertainties
Raw material pricing and availability (high impact), cyclical demand, and changes in government regulations.
Technology Obsolescence Risk
The company is mitigating technology risks through continuous technical training and innovation-driven projects.
Credit & Counterparty Risk
Trade receivables stood at INR 696.88 lakhs as of September 30, 2025, with a provision for doubtful debts of INR 4.67 lakhs made during the half-year.