RBS

Ramdevbaba Solvent Limited

Listed company · ISIN INE0RJH01010 · NSE SM · FV ₹10
Last price
₹81
-1.82%today
What this company does

Ramdevbaba Solvent Limited is a listed company. It booked ₹438 cr of revenue in its latest half year (H2 FY26) and kept 1.1% of sales as profit.

35out of 100
Equitytale Health Score
Strained

Healthier than 35% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 2,334–2,885 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns25

How much profit it earns on the money it employs

Balance sheet16

How much it owes, and whether earnings cover the interest

Cash quality5

Whether reported profit actually arrives as cash

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Makes a profit
✓ Promoters hold 64%
✓ No promoter shares pledged
Watch-outs
! Thin 1.1% net margin
! Low 7.3% return on equity
! Carries high debt (D/E 2.7)

What if I invest in RBS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹81▼ -1.82%
latest close · 2026-10-01
52-wk low ₹7249 sessions so far52-wk high ₹97
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio17.8Average
LowAverageHigh
P/B ratio1.40Moderate
Below bookModerateHigh
EV / EBITDA23.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.3%Weak
WeakFairStrong ▸15%
Return on capital6.0%Weak
WeakFairStrong
Net margin1.1%Thin
ThinDecentStrong
EBITDA margin2.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.71High
LowModerateHigh ▸1
Interest cover2.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.31Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹185 cr
Book value
₹58
EPS
₹2.27
latest half year
Net debt
₹357 cr
owes more than its cash
Enterprise value
₹543 cr
EBITDA
₹23 cr
annualised
EBIT
₹23 cr
annualised
Operating margin
2.7%
Return on assets
1.6%
Earnings yield
5.60%
P/S
0.21
Sales / share
₹382.9
Tax rate
29.2%
Face value
₹10
Shares
2.3 cr
Working capital
₹65 cr
Current assets
₹272 cr
Current liabilities
₹207 cr
Delivery %
71.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-10-01.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹27–₹27, midpoint ₹27

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹438 cr
Other Income₹3 cr
Total Income₹440 cr
Cost of Materials₹341 cr
Purchases of Stock-in-Trade₹18 cr
Inventory Change (±)₹2 cr
Employee Benefit Expense₹6 cr
Finance Costs₹4 cr
Other Expenses₹58 cr
Total Expenses₹433 cr
Profit before Tax₹7 cr
Tax Expense₹2 cr
Net Profit₹5 cr
Net margin on total income1.1%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹361 cr82.1%
Employee benefit expense₹6 cr1.5%
Finance costs₹4 cr1.0%
Other expenses₹61 cr13.9%
Tax expense₹2 cr0.5%
Profit for the period₹5 cr1.1%
Total income ₹440 cradds up to ₹100 ✓
Half-yearly results · consolidated (₹ cr)
MetricH1 FY26H2 FY26
Revenue386 cr438 cr
Total income389 cr440 cr
Expenses379 cr433 cr
Profit before tax9 cr7 cr
Tax3 cr2 cr
Net profit (owners' share)7 cr5 cr
Net margin (owners' share, on revenue)1.7%1.1%
EPS (₹)2.892.27
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹598 cr
Shareholder equity
₹132 cr
parent shareholders
Total debt
₹359 cr
Cash
₹1 cr
Who owns it · 2026-07-11
No pledge
Promoter
64.4%
FII / Foreign
—
DII / Domestic
0.8%
Retail / others
34.8%
Promoter stake up 5.1% over the last 4 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and the Statutory Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
9.01 L votes for, 0 against
2
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and the Statutory Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
9.01 L votes for, 0 against
3
Re-Appointment of Mrs. Rajnandini Tanmay Bhaiya (DIN: 10259615) Non-Executive Women Director of the company, Who retires by rotation and being eligible offer herself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
9.01 L votes for, 0 against
4
Ratification of Cost Auditor’s Remuneration.
Backed by 100% of shareholders other than promotersneeded 50%
9.01 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 62 named members
owning 64.4% between them · as of 2026-07-11
TUSHAR RAMESH MOHATA18.06%
NILESH SURESH MOHTA15.42%
PRASHANT KISANLAL BHAIYA9.20%
ANITA PRASHANT BHAIYA2.78%
PRANAV NILESH MOHTA2.56%
Preeti Nilesh Mohata2.39%
CHETAN RAMESH MOHATA2.25%
PRASHANT KISAHNLAL BHAIYA1.81%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹26 cr raised in Feb 2025 by selling shares to selected investors

As of Mar 2026, the company says it has spent 70% of what it set aside, leaving ₹8 cr still to be spent.

Capital Enhancement in RBS Renewables Private Limited
100%
₹5 cr of ₹5 cr
Infusion of Funds towards repayment of unsecured loan by RBS Renewables Private Limited
100%
₹12 cr of ₹12 cr
Margin money for working capital purpose for RBS Renewables Private Limited
0%
₹0 cr of ₹3 cr
General corporate purposes
24%
₹1 cr of ₹6 cr
₹45 cr raised in Apr 2024 by selling shares to the public

As of Mar 2026, the company says it has spent 100% of what it set aside.

Setting up of new manufacturing facility
100%
₹19 cr of ₹19 cr
Repayment in full or in part, of certain of our outstanding borrowings
100%
₹8 cr of ₹8 cr
Funding the working capital requirements of our Company
100%
₹12 cr of ₹12 cr
General corporate purposes
100%
₹5 cr of ₹5 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.