Rajputana Biodiesel Ltd. – Company Report
1. Company Overview
Rajputana Biodiesel Ltd., founded in 2016 and headquartered in Phulera, Rajasthan, is a dynamic Indian player in the biofuels and renewable energy sector. The company specializes in manufacturing and supplying biodiesel and its by-products, including glycerine and fatty acids. With a mission to promote sustainability and reduce fossil fuel dependence, Rajputana leverages modern production technologies and operates a state-of-the-art facility spanning 4,000 sq. meters in the RIICO Industrial Area. The company is recognized for its environmental initiatives and has established strong ties with government agencies, research institutions, and leading industry partners.
Key Highlights
- Incorporated: 2016
- Headquarters: Phulera, Rajasthan, India
- Facility: 4,000 sq. meters; installed capacity 24 KLPD, approved 30 KLPD
- Employees: ~30 permanent (as of July 2024)
- Certifications/Approvals: UN-certified plant, various environmental consents
- Listed: NSE SME (listed December 2024)
- Promoters: Sarthak Soni (MD & CFO), Madhuri Surana (Non-Executive Director)
- Market Cap (Aug 2025): ₹155 crore
- Unique Strength: Flexible feedstock sourcing, visionary expansion in by-product and export markets, government and institutional tie-ups
2. Products and Services
Biodiesel: High-quality, eco-friendly fuel substitute for conventional diesel, made from used cooking oil, animal fat, and vegetable oil.
By-Products:
- Glycerine (pharma, cosmetics, industrial uses)
- Fatty acids (used in soaps and detergents)
- Crude glycerin, esterified fatty acid, methanol
- Citric acid, sodium methoxide, RBD palm stearin, castic potash flakes
- Waste sludge, fats, and custom formulations
Job Work/Semi-Refining: Services for third-party manufacturers in processing and refining.
Sustainability & Innovation: Focused R&D for value addition, and broad feedstock adaptability that supports reduced environmental impact.
3. Recent News and Financial Performance
- Strategic Order from OMCs (April 2025):
- Rajputana Biodiesel Ltd., along with subsidiary Nirvaanraj Energy Pvt Ltd, secured a biodiesel supply order worth ₹51.13 crore from IOCL, BPCL, and HPCL. The order involves 6,034 KL of biodiesel to be supplied from April 2025 to July 2025.
- It also secured Letters of Intent (LOIs) for the supply of 3,543 KL of biodiesel to IOCL and HPCL. The orders, valued at approximately ₹30 crore, cover the period from April to July 2025.
- Approval to enhance Biodiesel Production at Meerut plant (March 2025): Rajputana Biodiesel Limited has announced that its subsidiary, Nirvaanraj Energy Private Limited, has received the ‘Consolidated Consent to Operate and Authorisation’ letter from the Uttar Pradesh Pollution Control Board. It pertains to enhancement of producing of Bio Diesel (Product) upto a maximum quantity of 80 KL per day at its Meerut facility.
- PCB Approval to increase Biodiesel Production (September 2025): Rajputana Biodiesel Ltd and its subsidiary Nirvaanraj Energy have achieved key milestones, including regulatory approvals under the Water and Air Pollution Acts to produce up to 90 KL/day of biodiesel at their Phulera facility.
- Strategic Order from OMCs (September 2025): The company also secured a biodiesel supply tender of 5,405 KL to IOCL, BPCL, and HPCL worth ~₹43.5 crore for September–October 2025, enhancing revenue visibility for FY26 and supporting future growth.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹68.6 crore |
| Net Profit | ₹5.92 crore |
| Operating Margin | 13.9% |
| Net Profit Margin | 8.8% |
| EPS | ₹8.42 |
| Debt | Conservative; interest coverage 5.8x |
| Dividend | None (retained for growth) |