अApnaFunda

RAJPUTANA BIODIESEL LIMITED (RAJPUTANA)

Energy Minerals · Oil Refining/Marketing · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.52 / 100
Profitability 76Balance sheet 27

Passes these screensQuality Compounder

Share price

Closing priceAdjusted for splits and bonus issues.

₹201.7 latest close · −2.6% over the last 90 sessions

₹180₹200₹220₹240Jun 12Jul 16Aug 11Sep 7Oct 6Nov 6 ₹180₹200₹220₹240Jun 12Aug 25Nov 6

₹201.7 month-end · −23.3% over 12 months

₹200₹225₹250Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹225₹250Nov '25May '26Nov '26

₹201.7 month-end · −35.6% since Dec '24

₹200₹250₹300Dec '24May '25Sep '25Feb '26Jun '26Nov '26 ₹200₹250₹300Dec '24Dec '25Nov '26

52-week range ₹169.00 to ₹299.00 · 1-year volatility 43.5%

Was the rally earned?

-23%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 46 points, but investors now pay less per rupee of profit (P/E 34.5x to 15.7x), which took 69 points back.
  • The share count rose 9%.
Net profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53 ptsNet profit growthP/E change: −69 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−69 ptsP/E changeShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7 ptsShare count changeShare price: −23%−23%Share priceNet profit growth: +53 pts. Points of the price return explained by net profit growing (or shrinking).+53ProfitP/E change: −69 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−69P/EShare count change: −7 pts. Points of the price return explained by the share count changing. More shares count against the price.−7SharesShare price: −23%−23%Share price
Net profit growth+53 ptsNet profit rose about 83%, which lifts the price.
P/E change-69 ptsThe P/E fell from 34.5x to 15.7x, which lowers the price.
Share count change-7 ptsShare count rose 9%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with RELIANCE INDUSTRIES

How rough has the ride been?

Maximum drawdown-51.0%not yet recovered
1-year volatility43.5%annualised

Drawdown from peak

0%−20%−40%20252026−51.0% 0%−20%−40%2026−51.0%
Largest drawdowns

-51.0% (2025-01 peak to 2025-03 low, not yet recovered)

Is it expensive against its own past and its peers?

15.7xP/E todayNear its historic low
Against its own history17th percentile
CheapestMedian 29.3xDearest

Usual range 15.5x to 34.3x since 2024-12.

Against Energy Minerals15.7x vs 12.7x
This company
15.7x
Sector median
12.7x

23% above the Energy Minerals median.

12.7x20.6x28.4x36.3xDec '24May '25Oct '25Mar '26Aug '26Nov '2612.7x20.6x28.4x36.3xDec '24Aug '25Apr '26Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

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P/B (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median

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P/S (this company)10th to 90th percentile of its own historyIts medianEnergy Minerals median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Energy Minerals is valued

Where does it rank among Energy Minerals peers?

Each cell is the company's percentile rank among its Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE76thflat vs a year ago
  • Revenue growth100th
  • EPS growth86th
  • Debt/equity ↓21st▼ 29 pts vs a year ago
  • Cash cycle ↓27th▲ 18 pts vs a year ago
  • P/E ↓36th▲ 26 pts vs a year ago
  • 12M momentum21st

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Energy Minerals sector page Watch it move against Energy Minerals in the Observatory

What is the price implying?

~22%annual earnings growth implied by the price

At a P/E of 35.9x, the price would imply about 22.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 6 Nov
₹201.70
P/E
15.7x
ROCE
22.0%
Market Cap
₹142 cr
Revenue (TTM)
₹122 cr
P/S
1.2x
P/B
2.8x
ROE
18.1%
Debt / Equity
0.6x
Promoter Holding
65.8%
12M Momentum
-23.3%

52-week range

₹169.00₹299.00
25% of the way from its 52-week low to its high

Price risk

1Y volatility
43.5%
Beta vs sector
1-year daily
0.10

Balance sheet & cash

Interest cover
operating profit ÷ interest
7.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
-1.05x
low
Share count, 1Y
unchanged

Are profits backed by cash?

1 of 4checks within range3 beyond a threshold
Other income reliance8%Within range

Other income as a share of pre-tax profit (trailing twelve months): 7.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion-1.05xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -1.05x (cash from operations ₹-23 cr, net profit ₹22 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress89% of fixed assetsBeyond threshold

Capital work-in-progress is 89% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Since Dec 2024, DIIs trimmed 8.2 pts; FIIs trimmed 3.4 pts.
  • The number of shareholders fell from 997 to 808 (-19%) between Dec 2024 and Mar 2026.

Holdings, Mar '26

How each group changed

GroupDec '24Mar '26Change
Promoters65.7%65.8%+0.1 pts
FIIs3.4%0.0%-3.4 pts
DIIs10.8%2.6%-8.2 pts
Public and others20.1%31.6%+11.5 pts

Number of shareholders

808shareholders-19% since Dec '24
808871934997 Dec '24Mar '25Sep '25Mar '26
Dec '24: 997
Mar '25: 813
Sep '25: 858
Mar '26: 808
808871934997 Dec '24Mar '25Sep '25Mar '26
Dec '24: 997
Mar '25: 813
Sep '25: 858
Mar '26: 808

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−5.0%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like RAJPUTANA BIODIESEL LIMITED today on valuation, return on capital, debt, growth, price momentum and size.
  • Over the following 12 months the middle half of them returned −28% to +30% vs the market, against −7% for all non-financial companies in the same months.
  • The gap against the base rate (+1.5%, 80% range −8.0% to +8.1%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SAHAJSOLAR · Aug 2025: −62.5% vs market
BAWEJA · Jul 2025: −60.2% vs market
ZEAL · Apr 2025: −55.7% vs market
PRLIND · Oct 2025: −52.5% vs market
NOVAAGRI · Feb 2025: −49.9% vs market
POWERMECH · Jan 2020: −49.3% vs market
SMSPHARMA · Sep 2021: −43.4% vs market
PRATHAM · Oct 2025: −41.8% vs market
WTICAB · Feb 2025: −39.6% vs market
MEGASTAR · Oct 2023: −37.6% vs market
KRISHCA · Jul 2025: −37.0% vs market
ATMASTCO · Jul 2025: −35.5% vs market
ENSER · Sep 2025: −29.8% vs market
BBTCL · Apr 2023: −23.3% vs market
BTML · Oct 2025: −22.5% vs market
TUNWAL · Sep 2025: −21.7% vs market
DHARMAJ · Nov 2024: −16.5% vs market
ANNAPURNA · Jul 2024: −15.6% vs market
NILAINFRA · Oct 2020: −14.7% vs market
DEVIT · Aug 2024: −14.3% vs market
QUESTLAB · Jul 2025: −14.3% vs market
TARACHAND · Jun 2025: −13.5% vs market
KOPRAN · Oct 2021: −11.6% vs market
SDBL · Dec 2024: −7.2% vs market
LIBAS · May 2020: −5.6% vs market
ROHLTD · Dec 2023: −4.4% vs market
APOLSINHOT · Nov 2020: −1.7% vs market
UNIVASTU · May 2025: +1.0% vs market
VADILALIND · Aug 2023: +4.6% vs market
RPPL · Jan 2023: +5.6% vs market
KRYSTAL · Apr 2025: +7.6% vs market
TCL · Sep 2025: +12.6% vs market
VINSYS · Aug 2024: +14.2% vs market
RATNAVEER · Jun 2025: +14.3% vs market
GNA · Jan 2020: +21.7% vs market
RBZJEWEL · Oct 2025: +23.4% vs market
MMP · Oct 2022: +23.8% vs market
ROSSELLIND · Aug 2021: +32.4% vs market
BIRLANU · Jan 2020: +37.3% vs market
DHRUV · Sep 2023: +45.0% vs market
ASAHISONG · Jan 2020: +52.9% vs market
MADHUSUDAN · Jul 2025: +58.5% vs market
THEMISMED · Jul 2022: +63.9% vs market
NCLIND · Apr 2020: +66.7% vs market
TPLPLASTEH · Sep 2023: +71.4% vs market
MBAPL · Oct 2020: +79.5% vs market
ARVSMART · Jan 2021: +81.8% vs market
ARHAM · Oct 2025: +103.1% vs market
AIROLAM · Mar 2021: +105.4% vs market
BETA · Jul 2020: +202.5% vs market
Similar setups −5.0%All companies −6.5%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge

Similar setups' median
−5.0%
All companies' median
−6.5%
Beat the market
46% vs 43%

50 past situations · 50 companies · 31 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
RPPL
Process Industries
Jan 2023 21x— −21%−31% +6%
ENSER
Miscellaneous
Sep 2025 22x— −30%−39% −30%
BBTCL
Process Industries
Apr 2023 20x— −14%−29% −23%
TUNWAL
Consumer Durables
Sep 2025 15x— −30%−35% −22%
ASAHISONG
Process Industries
Jan 2020 9x— −27%−36% +53%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
BTML
Consumer Services
Oct 2025 26x22% −29%−34% −23%
TPLPLASTEH
Process Industries
Sep 2023 21x— +23%−11% +71%
TARACHAND
Transportation
Jun 2025 21x— −24%−35% −14%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high and size. Closest on: 12-month momentum, drawdown from 12-month high and ROCE. Not used (unavailable for this company): operating margin and volatility. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to RAJPUTANA BIODIESEL LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

10 events since Mar '25

  1. SepPeer rankMoved into the top quartile of Energy Minerals on ROCE (from the 2nd quartile).
  2. JunResultsYear-on-year EPS growth turned positive.
  3. JunPeer rankMoved into the 2nd quartile of Energy Minerals on EPS growth (from the bottom quartile).
  4. MarPeer rankSlipped to the bottom quartile of Energy Minerals on EPS growth (from the 3rd quartile).
  5. DecPeer rankSlipped to the 2nd quartile of Energy Minerals on ROCE (from the top quartile).
  6. DecDebtDebt / equity halved over 12 months to 0.34x.
  7. DecSharesShare count is up 40.0% over 12 months.
  8. JunInstitutionsFII + DII holding fell 8.1 pts over 1 quarter to 6.1%.
Show 2 earlier events
  1. JunDebtDebt / equity fell below 1.0x (0.34x).
  2. MarPriceFell 51% from the Jan 2025 peak to the Mar 2025 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history24 months · 2024-12 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1115.7x₹122 cr18.1%22.0%0.6x
2026-1015.1x₹122 cr18.1%22.0%0.6x
2026-0915.5x₹122 cr18.1%22.0%0.6x
2026-0818.5x₹122 cr18.1%22.0%0.6x
2026-0715.1x₹122 cr18.1%22.0%0.6x
2026-0616.4x₹122 cr18.1%22.0%0.6x
2026-0530.9x₹67 cr12.0%21.0%0.3x
2026-0431.3x₹67 cr12.0%21.0%0.3x
2026-0328.1x₹67 cr12.0%21.0%0.3x
2026-0229.8x₹67 cr12.0%21.0%0.3x
2026-0129.8x₹67 cr12.0%21.0%0.3x
2025-1231.5x₹67 cr12.0%21.0%0.3x
2025-1134.5x₹67 cr12.0%21.0%0.3x
2025-1033.7x₹67 cr12.0%21.0%0.3x
2025-0936.3x₹67 cr12.0%21.0%0.3x
2025-0833.8x₹67 cr12.0%21.0%0.3x
2025-0728.8x₹67 cr12.0%21.0%0.3x
2025-0630.2x₹67 cr12.0%21.0%0.3x
2025-0526.0x₹53 cr29.4%31.0%1.4x
2025-0427.7x₹53 cr29.4%31.0%1.4x
2025-0319.8x₹53 cr29.4%31.0%1.4x
2025-0226.8x₹53 cr29.4%31.0%1.4x
2025-0133.3x₹53 cr29.4%31.0%1.4x
2024-1235.3x₹53 cr29.4%31.0%1.4x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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