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Raj Oil Mills Limited (ROML) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹679M

RO Raj Oil Mills Limited ROML · NSE
Price₹44.09
Fair Value₹45.19
Upside+2.5%
Quality60/100
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Healthy Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 30/100
Evidence: High Range ₹29.58 – ₹60.79 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price −0.7% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹29.58 to ₹60.79) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹136.70 ₹34.55 Fair Value ₹45.19 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹34.55 – ₹136.70 · fair‑value band ₹29.58 – ₹60.79 · the ₹44.09 price screens below the ₹45.19 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Raj Oil Mills Limited (ROML) currently trades at ₹44.09, while our model-based Fair Value estimate is ₹45.19, implying the stock looks roughly 2.5% fairly valued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Raj Oil Mills Limited generated revenue of ₹1.5B at a net margin of 3.1%. Revenue grew 29.3% year over year. Net debt stands at ₹258M. The stock trades on a trailing P/E of 14.2. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹29.58 (bear case) to ₹60.79 (bull case); at ₹44.09, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 2%, ROML screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹31.16 ₹43.57 ₹59.29 80
Rev-Margin DCF ₹31.69 ₹50.30 ₹72.03 74
ROIC Compounder ₹27.04 ₹30.96 ₹34.40 72
All 24 models by family
DCF Models
FCF DCF ₹31.04 ₹45.49 ₹65.07 38
Owner Earnings ₹34.88 ₹51.13 ₹73.16 31
5Y Revenue Exit ₹31.69 ₹50.27 ₹74.03 39
5Y EBITDA Exit ₹36.67 ₹59.69 ₹86.66 41
5Y P/E Exit ₹38.78 ₹63.69 ₹90.05 38
10Y Revenue Exit ₹30.18 ₹46.17 ₹67.73 36
10Y EBITDA Exit ₹33.96 ₹52.18 ₹76.63 37
10Y P/E Exit ₹35.20 ₹54.73 ₹79.01 35
Earnings-Based
Graham-Dodd ₹21.18 ₹69.79 ₹93.34 54
Lynch FV ₹15.72 ₹22.45 ₹29.19 50
PEG = 1.0 ₹15.72 ₹22.45 ₹29.19 46
EPV ₹26.78 ₹30.38 ₹33.39 59
Multiples
P/E Multiple ₹49.05 ₹65.40 ₹81.75 63
P/S Multiple ₹39.71 ₹52.94 ₹66.18 58
P/B Multiple ₹5.93 ₹7.90 ₹9.88 55
EV/EBIT ₹47.15 ₹62.75 ₹78.35 53
EV/EBITDA ₹45.45 ₹60.48 ₹75.51 54
EV/Revenue ₹33.75 ₹48.07 ₹62.39 43
Asset-Based
NCAV (Graham) ₹0.7200 ₹0.9600 ₹1.44 50
Growth DCF
Growth DCF ₹31.16 ₹43.57 ₹59.29 80
Rev-Margin DCF ₹31.69 ₹50.30 ₹72.03 74
Economic Profit
Residual Income ₹6.75 ₹11.64 ₹236.33 61
ROIC Compounder ₹27.04 ₹30.96 ₹34.40 72
Growth Earnings
Growth-Adj P/E ₹41.38 ₹59.12 ₹76.85 68

Widest divergence: Growth Earnings (₹59.12) versus Asset-Based (₹0.9600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.5B
Revenue growth (YoY) +29.3%
Net margin 3.1%
Free cash flow ₹48.3M FY2026
P/E ratio 14.2
Operating margin 2.0%
More key figures
EPS (TTM) ₹3.11
EPS growth (YoY) -60.5%
Net debt ₹258M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 45

Profitability 69
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Raj Oil Mills Limited manufactures and trades edible oil and cakes in India. The company offers 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 …

Full company description

Raj Oil Mills Limited manufactures and trades edible oil and cakes in India. The company offers 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. Raj Oil Mills Limited was founded in 1943 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Raj Oil Mills Limited reported revenue of ₹1.5B in FY2026 versus ₹1.2B in FY2022, a compound +6.3%/yr. Reported net income was ₹46.7M in FY2026, compounding +15.8%/yr from FY2022.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹1.5B
Latest YoY
+32.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.9%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.9%
Revenue +6.3%/yr
FY22 ₹1.2B
FY23 ₹1.4B
FY24 ₹1.2B
FY25 ₹1.1B
FY26 ₹1.5B
Net income +15.8%/yr
FY22 ₹26.0M
FY23 ₹24.3M
FY24 ₹17.1M
FY25 ₹27.0M
FY26 ₹46.7M

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Cite: Fair Value Calculator (2026). "Raj Oil Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/ROML

Peer Group

Packaged Foods · 651 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside +3% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 29% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 14.2× · Cheaper than median
P/B 31.53× · Pricier than 75% of peers
P/S (TTM) 0.45× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 9.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 37 · sector 25
FUTURE 100 · sector 20
PAST 0 · sector 28
HEALTH 100 · sector 96
DIVIDEND 0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,646 ₹1,870 -67%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Patanjali Foods Limited PATANJALI ₹352.60 ₹144.77 -59%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
PT Mayora Indah Tbk, MYOR 1,665 IDR 2,699 IDR +62%
PT Cisarua Mountain Dairy Tbk CMRY 4,630 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Raj Oil Mills Limited (ROML) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹45.19 versus a price of ₹44.09, about +2% (fairly valued).
What is the fair value of ROML?
Our model-based fair value for Raj Oil Mills Limited is ₹45.19 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹44.09.
What is the quality score of ROML?
Raj Oil Mills Limited has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Raj Oil Mills Limited (ROML)?
Raj Oil Mills Limited reported trailing-twelve-month revenue of about ₹1.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ROML?
The net profit margin of Raj Oil Mills Limited is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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