Raj Oil Mills Share Price

Raj Oil Mills Limited, with its corporate operations in Mumbai, functions as an edible oil manufacturing and processing company in India. The company was incorporated in 2001 and was promoted by Shaukat S Tharadra, acquiring the running business of Raj Oil Mills, a partnership firm founded in 1943 by Late Haji Suleman Jamal. Raj Oil Mills produces refined groundnut, sunflower, soyabean, cottonseed, and rice bran oils, as well as filtered groundnut oil under the Guinea brand; coconut oil under the COCORAJ brand; filtered til oil under the Tilraj and Guinea brands; mustard oil under the Mustraj and Guinea brands; and blended til oil under the Divya Shakti brand. The company’s fully integrated manufacturing facility at Manor, Palghar, supports end-to-end processes including oilseed crushing, refining, packaging, and warehousing. 

Raj Oil Mills share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the edible oil sector. The company’s financial health depends on crushing volumes, refining capacity utilization (5000 TPA crushing and 30000 TPA filtration), raw material costs including oilseeds, and the performance of its branded edible oil segments across consumer and industrial channels. Raj Oil Mills stock price is influenced by various factors such as earnings, government policies on import duties for edible oils, price controls on essential commodities, and global vegetable oil price trends. In the longer run, strategies such as expansion into new product categories like Palm Oil under the PALMRAJ brand, portfolio diversification, and value-added product development affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements. 

Raj Oil Mills live share price provides real-time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Raj Oil Mills live price helps in observing short term price volatility and shows how a stock moves relative to the broader FMCG index. Furthermore, monitoring Raj Oil Mills stock price movements helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. 

Raj Oil Mills Limited Company Fundamentals 

A. Company Background

Raj Oil Mills Limited was incorporated in 2001 and was promoted by Shaukat S Tharadra, subsequently acquiring the running business of Raj Oil Mills, a partnership firm founded in 1943. The company is engaged in the business of buying, selling, manufacturing, and processing of edible oils, edible oil seeds and other related products. It operates primarily in the Edible Oil and Cakes segment, with crushing and oil filtration capacities of 5000 TPA and 30000 TPA respectively, and a fully integrated manufacturing facility at Manor, Palghar, supporting end-to-end processes including oilseed crushing, refining, packaging, and warehousing. The company also commenced commercial production at Jaipur in 2010. Its operations are based in India, with a corporate office located in Mumbai, Maharashtra, while its manufacturing facility and warehouse are located at Manor, Palghar. Over time, the company has expanded its product portfolio to include new launches such as Palm Oil under the PALMRAJ brand. Financial performance is assessed through standard metrics such as revenue growth, operating margins, and crushing volumes. Market valuation indicators such as the P/E ratio are used by analysts for comparative assessment within the edible oil manufacturing sector. Overall fundamentals are influenced by raw material availability, global vegetable oil price cycles, government policies, and input cost fluctuations. 

B. Company Product Lines

• Refined Oils (Groundnut, Sunflower, Soyabean, Cottonseed, Rice Bran) 

• Filtered Groundnut Oil (Guinea brand) 

• Coconut Oil (COCORAJ brand) 

• Filtered Til Oil (Tilraj and Guinea brands) 

• Mustard Oil (Mustraj and Guinea brands) 

• Blended Til Oil (Divya Shakti brand – for pooja lamps and diyas) 

• Palm Oil (PALMRAJ brand – launched January 2026) 

• Edible Oil Cakes (byproduct from oilseed crushing) 

C. Company Revenue Model

• Domestic Branded Oil Sales 

• Revenue generated through sale of packaged edible oils under brands Guinea, COCORAJ, Tilraj, Mustraj, Divya Shakti, and PALMRAJ to retail and institutional customers across India. 

• Bulk Oil Sales 

• Income from sale of refined and filtered oils in bulk quantities to industrial buyers and food processors. 

• Oil Cake Sales 

• Revenue from sale of de-oiled cakes as animal feed and for industrial use. 

• Toll Processing Income 

• Revenue from contract crushing and refining of oilseeds for third-party clients. 

Revenue performance is primarily influenced by edible oil demand, raw material (oilseed) costs, branded product realizations, and government policies on import duties and price controls. 

D. Geographic Presence

• Corporate Office 

• Administrative and management functions based in Mumbai, Maharashtra. 

• Manufacturing Facility 

• Fully integrated facility located in Manor, Palghar district, Maharashtra. 

• Distribution Network 

• Domestic distribution across India through a network of distributors and retail channels. 

• Export Markets 

• Products supplied to select international markets depending on demand conditions. 

E. Key Milestones

• 1943: Raj Oil Mills founded as a partnership firm by Late Haji Suleman Jamal. 

• 2001: Incorporation of Raj Oil Mills Limited. 

• 2009: IPO and listing on NSE and BSE. 

• 2010: Commenced commercial production at Jaipur facility. 

• 2026: Launched new edible oil product PALMRAJ (Palm Oil) targeting the domestic market. 

F. Industry Perspective

The edible oil manufacturing industry is capital-intensive and closely linked to consumer demand for cooking oils, government policies on import tariffs and price controls, and global vegetable oil price cycles. Demand trends are influenced by income levels, health consciousness leading to shifts among oil types, and population growth. The industry faces fluctuations in raw material prices such as oilseeds (groundnut, sunflower, soyabean, mustard, sesame, coconut) which are often subject to monsoon-related volatility. Import duties on crude and refined palm oil, soyabean oil, and sunflower oil significantly impact domestic price realizations. Companies in this sector must manage commodity price volatility, brand competition, and raw material procurement risks while maintaining operational efficiency and adhering to food safety regulations. These factors collectively influence financial performance and investor perception of firms like Raj Oil Mills. 

Raj Oil Mills Limited Stock Market Presence: Listings and Index Representation 

Raj Oil Mills Limited is listed on the National Stock Exchange (NSE) under the symbol ROML and on the Bombay Stock Exchange (BSE) with the scrip code 533093. Raj Oil Mills share price is actively traded on both exchanges. The company’s market presence is within the small-cap segment of the market. Due to its size and sector focus, Raj Oil Mills stock price is generally tracked by investors interested in the edible oil and FMCG industry. 

Raj Oil Mills Limited is part of several broad-based and sector-specific stock market indices, reflecting its position as a small-cap edible oil company in India. While it is not included in benchmark indices like the Sensex or Nifty 50, it is a constituent of wider market indices such as the BSE SmallCap index. Raj Oil Mills share price finds representation in these indices based on its market standing. This presence helps investors track the stock relative to other edible oil and consumer staples companies. 

Raj Oil Mills Limited Stock Performance and Share Price History 

Raj Oil Mills share price on the stock exchanges reflects its position as an edible oil manufacturer with a portfolio of household brands in India. Its performance is qualitatively driven by factors such as crushing volumes, capacity utilization of its refining facility, management of oilseed procurement costs, growth in branded sales, and the ability to control operational and marketing expenses. Investors compare Raj Oil Mills share price current movement with other edible oil and FMCG companies to assess relative strength. 

These underlying factors become visible through real market movements across different time periods. Similar trends appear during earnings-driven price changes. Broader sector strength has also supported the stock. Beyond operational and sector influences, corporate actions—such as the company’s launch of a new edible oil product PALMRAJ in January 2026 under SEBI Regulation 30 compliance—have significantly affected Raj Oil Mills share price movements by shaping future growth expectations for its branded portfolio. This shows how strategic initiatives may trigger short-term swings, even within a regulatory environment influenced by import duty changes and edible oil price cycles. 

While short-term movements respond to events and announcements, longer-term valuation trends are better captured by the stock’s annual high and low levels, offering context beyond daily or weekly changes. A notable peak indicates stronger branded volume growth and stable oilseed prices, whereas a significant low aligns with market corrections or sector volatility. These extremes reflect the impact of trade policies, global vegetable oil trends, and earnings visibility, providing a framework for understanding historical performance. 

Raj Oil Mills stock behavior mirrors the trading patterns of a small-cap FMCG company within India’s edible oil ecosystem. The company’s diversified portfolio spanning multiple oil types under brands like Guinea, COCORAJ, Tilraj, Mustraj, and Divya Shakti has shaped its price history. Over the past five years, the stock has experienced periods of sharp gains followed by phases of consolidation. For instance, it delivered positive returns in certain years (e.g., post-pandemic rally) but recorded negative returns in other years, underperforming the broader small-cap index over one year, three year, and five year horizons. The stock has shown higher volatility compared to the overall market, with a beta of approximately 2.696, indicating significant sensitivity to broader market movements. 

The company’s performance has closely tracked India’s edible oil consumption and global vegetable oil price cycles. Positive momentum appeared during the post-pandemic recovery, driven by increased at-home cooking and stable commodity prices. However, periods of high oilseed procurement costs, rising import duties, and competitive pressure from larger players have led to consolidation in the stock price. Profitability showed a significant turnaround in Q4 FY2025, with net profit surging 1210% year-on-year, highlighting the impact of margin expansion and cost optimization. Despite the strong quarterly improvement, full-year revenue for FY2025 was approximately Rs 114.46 crore, reflecting an 8.23% decline, underscoring the volatile nature of the edible oil industry. 

Despite disruptions caused by raw material price volatility, Raj Oil Mills shares have shown resilience on the back of a strengthened brand presence and improved operational metrics. The company maintains a workforce of approximately 228 employees and a fully integrated manufacturing facility at Manor. It has also focused on restructuring operations under new promoter leadership, returning to profitable growth backed by its strong brand recall. 

The share price has declined for several recurring reasons. A drop in demand for branded edible oils or a sharp increase in oilseed procurement costs directly impacts profitability and leads to selling pressure. Changes in government policy—such as reductions in import duties on cheap palm oil or soyabean oil, creating competitive pressure—can also cause the stock to fall. Moreover, increases in operational costs (e.g., raw material procurement or energy expenses) without matching price increases squeeze margins, making the stock less attractive. Periods of global economic slowdown that affect consumer spending on branded staples raise concerns about volume growth, leading to price declines. The stock is sensitive to raw material price movements; if groundnut or sunflower seed prices rise significantly, it can cause the stock to fall as investors adjust expectations for future margin growth. Broader market sell-offs in small-cap FMCG stocks also pull the price down, regardless of the company’s individual performance. Lower capacity utilization or reduced branded sales in any product category directly hurts revenue, resulting in a lower valuation. However, new product launches under the PALMRAJ brand and continued focus on cost optimization are expected to support the company’s performance. 

Raj Oil Mills Limited Investor Relevance and Role in Portfolio 

Raj Oil Mills Limited is a holding in small-cap and FMCG sector portfolios, offering exposure to branded edible oil manufacturing and processing. Its inclusion in FMCG indices underscores its importance in India’s edible oil and consumer staples manufacturing space. The company’s position as a branded edible oil player with a portfolio of household names, together with its integrated crushing, refining, and packaging capabilities, makes it a consideration for long-term allocations. 

Raj Oil Mills share price is influenced by the company’s ownership structure. Raj Oil Mills’ equity is held by a broad mix of promoters, institutional investors, and retail investors, reflecting its standing in India’s FMCG sector. Promoters hold a stable majority stake of 75.00%, reflecting strong internal control and commitment. Foreign institutional investors and mutual funds hold negligible or zero stakes. The public holds the remaining 25.00% stake. The company’s management includes Whole-Time Executive Chairman Parvez Shafee Ahmed Shaikh, Managing Director Atikurraheman Daudbhai Mukhi, and CEO Sanjay Kumar Samantray. This investor base, with stable promoter participation, underscores the company’s role as a holding in both domestic and focused portfolios concentrating on branded edible oils. 

Beyond fundamentals and ownership, the stock is actively monitored in cash market segments, where trading volumes and delivery patterns reflect expectations on edible oil prices, procurement costs, and regulatory policy actions on import duties and price controls. The stock is available for trading on both major Indian exchanges, allowing investors to take positions based on their outlook for the FMCG sector. Market participants watch these trading indicators to gauge sentiment around quarterly results and policy announcements, such as changes in edible oil import tariffs or MSP for oilseeds. 

Technical indicators provide additional insight into short-term momentum shifts in the stock price. While these indicators are primarily used for near-term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short term and weekly timeframe, the stock has exhibited price movements that correlate with broader FMCG sector trends. Based on available data, the stock’s beta of 2.696 indicates higher volatility compared to the broader market. The company’s debt to equity ratio reflects a moderate use of leverage. Return on equity (ROE) of 1.87% and return on capital employed (ROCE) of 2.14% are at modest levels, and the company’s book value per share is a reference point for valuation. 

Overall, Raj Oil Mills demonstrates a higher volatility profile compared to the broader market, with the stock generally considered to have above average systematic risk. This makes it more sensitive to broader market movements and sector-specific factors such as raw material price fluctuations, import competition, and changes in government policies affecting the edible oil industry. 

Raj Oil Mills Limited Sectoral Relevance and Peer Positioning 

Raj Oil Mills Limited sector relevance stems from its eight-decade legacy in the edible oil industry (originating as a partnership firm in 1943), its position as a branded player with a portfolio of household names including Guinea, COCORAJ, Tilraj, Mustraj, Divya Shakti, and the newly launched PALMRAJ, its fully integrated manufacturing facility at Manor, Palghar supporting crushing, refining, packaging, and warehousing, its crushing capacity of 5000 TPA and oil filtration capacity of 30000 TPA, and its distribution network across India, establishing it as a focused small-cap edible oil provider supporting India’s FMCG and food processing ecosystem. Peer comparisons with companies like Gokul Agro Resources, Patanjali Foods, Marico, Ruchi Soya, and Ajanta Soya focus on crushing capacity, branded portfolio strength, sourcing efficiency, and value-added product diversification rather than short-term stock moves. These benchmarks help investors assess operational scale, efficiency, and regulatory adherence. Institutional tracking of edible oil prices, import duty changes, and government agricultural policies further highlights Raj Oil Mills positioning within India’s broader edible oil manufacturing market. 

Raj Oil Mills’ P/E ratio reflects how investors perceive the company’s earnings relative to its revenue streams from branded edible oils and bulk sales. Based on available data, the current P/E ratio of around 12.12 indicates a certain valuation relative to its earnings, significantly lower than some larger peers. The company’s profit after tax improved significantly in Q4 FY2025, surging 1210% year-on-year to Rs 1.31 crore, reflecting a strong margin recovery after a period of weakness. Quarterly performance has shown sequential movement, with net profit rising from Rs 1.1 crore in Q3 FY2025 to Rs 1.3 crore in Q4 FY2025, accompanied by moderate growth in total revenue. The net profit margin improved in the recent quarter compared to the same quarter of the prior year. Overall, these changes highlight how market sentiment evolved alongside the company’s operational performance in a cyclical edible oil industry. 

Alongside valuation, Raj Oil Mills earnings per share provide insight into its operational performance and income generation from branded oil sales and crushing operations. Based on available data, the company reported a basic EPS in Q4 FY2025 that was significantly higher than the previous quarter and much higher than the same quarter of the prior year, showing notable improvement. The trailing twelve-month EPS stands at a moderate level of Rs 1.8. The company’s EPS for the last full fiscal year was lower compared to the prior fiscal year due to input cost pressures earlier in the year. The company has a face value of Rs 10 per share and is promoted by the Shaikh and Mukhi families. More recent quarterly performance suggests that EPS has shown strong sequential growth as the company benefited from cost optimization and improved product mix. 

Raj Oil Mills market cap highlights its position as a small-cap player within India’s edible oil sector. Based on recent data, the company’s market capitalization fluctuates within a range of Rs 61 to Rs 69 crore depending on the reporting period. The market cap has moved in line with investor perceptions of the company’s growth potential following a significant correction from its 52-week high of Rs 73.80. From earlier years through more recent periods, the market cap showed a certain trend as the company streamlined operations under new promoter leadership and launched new products, followed by a significant correction. This pattern reflects investor confidence during favourable edible oil cycles, followed by contraction during challenging periods impacted by cheap imports and rising raw material costs. This decrease mirrors the correction in the share price from its annual high to recent levels. 

Finally, Raj Oil Mills earnings trajectory demonstrates the impact of its operational execution in a competitive industry. In recent fiscal years, total income showed trends supported by the core edible oil business. Based on available data, the company’s revenue from operations decreased from the previous fiscal year to the most recent fiscal year, a modest percentage decline. Total income decreased over the same period. Profit after tax declined significantly earlier in the year but improved sharply in Q4 FY2025. However, quarterly performance has shown improvement, with total income in a recent quarter rising compared to the previous quarter and also compared to the same quarter of the previous year. The company’s branded sales grew in the most recent fiscal quarter. The company has faced headwinds from fluctuating oilseed prices, cheap imports, and increased competitive pressures. However, the company has expanded into new product categories over the last couple of years, including PALMRAJ brand palm oil, and expects a certain level of sales revenue in the coming times. These developments illustrate the cyclical nature of the edible oil industry and the company’s position within this sector. 

Over time, Raj Oil Mills market cap has moved in relation to FMCG and edible oil sector peers. The company’s earnings have followed the pattern typical of the branded edible oil business, with revenue performance connecting directly to consumer demand and raw material cost cycles. Quarterly earnings have shown variability influenced by procurement costs and seasonal demand. The earnings per share figure has followed the trajectory of overall profitability. The price-to-earnings multiple has varied over time, reflecting changing investor expectations about branded volume growth and margin recovery. When edible oil demand picks up and raw material costs moderate, the multiple may expand; during periods of weak demand or rising procurement costs, it may contract. Comparisons with peer edible oil companies help investors understand relative valuation. 

Summary 

Raj Oil Mills Limited operates as a small-cap branded edible oil manufacturer with a legacy spanning over eight decades, offering a portfolio of oils under brands such as Guinea, COCORAJ, Tilraj, Mustraj, and Divya Shakti. Raj Oil Mills share price reflects investor assessment of edible oil demand trends, oilseed procurement costs, and regulatory policies affecting the industry. The stock trades on both NSE and BSE within the small-cap segment. Operational performance depends on consumer spending and commodity cycles, while Raj Oil Mills stock price movements are observed by market participants tracking the FMCG and edible oil sector