Shree Rajivlochan Oil Extraction Ltd (530295)
🎯 Key Takeaways
- Shree Rajivlochan Oil Extraction Ltd appears to be in a state of operational dormancy or transition, with no revenue or profitability over the latest quarters despite a stable balance sheet. The company has not generated meaningful financial activity in recent periods, and its high valuation metrics (P/E of 220) contrast sharply with near-zero earnings and returns.
- ⚠️ 1) Persistent lack of revenue and profitability over multiple quarters raises concerns about the viability of core operations. 2) The company's high v
📖 The Story
Shree Rajivlochan Oil Extraction Ltd appears to be in a state of operational dormancy or transition, with no revenue or profitability over the latest quarters despite a stable balance sheet. The company has not generated meaningful financial activity in recent periods, and its high valuation metrics (P/E of 220) contrast sharply with near-zero earnings and returns. Management has focused on administrative actions such as auditor changes and AGM scheduling rather than operational revival.
📰 What's Happening
In the most recent board meeting on 2026-09-01, management approved the FY2026 annual report and appointed Jain Bardia & Co as the new auditor pending shareholder approval at the 36th AGM scheduled for 30/09/2026 in Raipur. The meeting also appointed Samantrai Prashant & Co as e-voting scrutineer. This follows a series of governance updates, including auditor transitions and routine governance processes, with no mention of business revival, new product launches, or strategic initiatives.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 |
| OPM % | — | — | — | — |
| Net Profit | 0 | 0 | 0 | 0 |
| EPS | ₹0.03 | ₹0.04 | ₹0.01 | ₹0.03 |
The company has reported zero revenue and operating income across the last four quarters (Jun 2026 to Sep 2025), with net profit declining slightly from ₹0.04 to ₹0.03 per EPS over the same period. Despite stable equity and reserves, there has been no improvement in financial performance, suggesting prolonged operational stagnation. The absence of revenue or profit trends indicates the business may not be actively generating income from core operations.
🔮 Management Outlook & What's Next
Management has not provided forward-looking operational guidance in the available filings. The only forward-looking statement pertains to the scheduling of the 36th AGM on 30/09/2026, where shareholders will vote on the new auditor appointment. No commentary on business outlook, revenue expectations, or strategic plans was included in the board meeting summary.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 |
| Reserves | 2 | 2 | 2 | 2 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 5 | 5 | 6 | 5 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 |
| Total Assets | 5 | 5 | 6 | 5 |
The balance sheet remains extremely conservative, with total assets of ₹5–6 crore and no borrowings as of March 2026. Equity and reserves have remained unchanged, indicating no capital investment or write-downs. The lack of debt and minimal asset base suggests limited operational activity or potential wind-down of operations rather than expansion or reinvestment.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -1 |
| Investing | 0 |
| Financing | -0 |
| Net Cash Flow | -1 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 20.4% | 20.4% | 20.4% | 20.4% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 79.4% | 79.4% | 79.4% | 79.4% |
| # Shareholders | 1,473 | 1,466 | 1,458 | 1,455 |
Promoter holding remains steady at 20.36% with no changes observed across recent quarters. Institutional ownership (FII and DII) is currently zero, and public shareholders hold approximately 79.4% of the company. The shareholder base is highly dispersed, with over 1,400 individual shareholders, but there is no evidence of institutional accumulation or significant retail movement.
⚖️ Peer Comparison — Edible Oil
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| GOKULAGRO | 6,983 | 11.7 | 46.9% | 40.7% | 0.51 |
| 519477 | 3,817 | 11.8 | 15.5% | 16.4% | 0.66 |
| 543373 | 1,136 | 74.9 | 10.4% | 15.9% | 1.91 |
| MODINATUR | 451 | 8.6 | 22.4% | 30.4% | 0.94 |
| GOKUL | 410 | 19.8 | 9.8% | 6.0% | 0.80 |
| VIJSOLX | 221 | 9.3 | 10.7% | 7.0% | 0.10 |
| 519216 | 186 | 13.0 | 15.1% | 9.1% | 0.00 |
| MKPL | 153 | 31.3 | 7.7% | 6.8% | 0.54 |
| 519471 | 134 | 13.3 | 24.7% | 28.9% | 0.75 |
| 544708 | 132 | — | — | — | 2.24 |
⚠️ Risk Factors
1) Persistent lack of revenue and profitability over multiple quarters raises concerns about the viability of core operations. 2) The company's high valuation (P/E of 220) appears disconnected from its financial reality, suggesting potential mispricing or speculative interest. 3) Heavy reliance on a dispersed retail investor base with no institutional confidence may limit liquidity and support. 4) Governance updates dominate communication, with no strategic direction disclosed.
🧠 Analyst's Read
The company is currently in a non-operational or dormant phase, with governance activities replacing business development as the primary focus. Investors should monitor the upcoming AGM outcome for any signs of strategic revival, but the absence of operational updates or financial improvement suggests limited near-term catalysts.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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