Rajgor Castor Derivatives Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Rajgor Castor Derivatives Ltd. (RCDL) is an Indian manufacturer and trader specializing in castor oil and its derivatives. The company operates within the agro-industrial chemical sector, processing castor seeds into high-grade oil and de-oiled cake for various industrial and agricultural applications. RCDL plays a role in the global castor oil supply chain, as India is the leading producer of castor seeds worldwide.

Key Points

• Key Facts: Rajgor Castor Derivatives Ltd. was incorporated in 2018 and is headquartered in Ahmedabad, Gujarat. The company is listed on the NSE SME platform (NSE: RCDL). It was promoted by the Rajgor family, specifically Mr. Brijeshkumar Vasantlal Rajgor and Mr. Vasantkumar Shankarlal Rajgor.
• Operations and Resources: The company operates a manufacturing facility located in Harij, Patan district, Gujarat. This facility is strategically positioned in a major castor-growing belt, ensuring steady access to raw materials. The plant includes units for crushing, refining, and producing de-oiled cakes.
• Ownership: The company is a promoter-led entity, with the promoter group holding a significant majority stake since its Initial Public Offering (IPO) in late 2023.
• Market and Significance: RCDL serves both domestic and international markets. Castor oil is a critical raw material for industries including pharmaceuticals, lubricants, paints, cosmetics, and plastics.
• Business Model: The company follows a B2B (Business-to-Business) model. It procures castor seeds from local farmers and markets (mandis), processes them into refined castor oil and castor de-oiled cake, and supplies these to industrial users and exporters. It focuses on maintaining narrow margins through high-volume processing and efficient procurement.

Revenue and Financials

Based on the FY2024-25 annual performance (as per the latest available full-year data for that period), the company’s revenue is primarily driven by two product segments:

• Revenue Breakdown by Segment (Annual FY25):
  • Refined Castor Oil: Contributing approximately 75% - 80% of total revenue. This product is used in specialized industrial formulations.
  • Castor De-Oiled Cake (DOC): Contributing approximately 20% - 25% of revenue. This byproduct is sold primarily as high-protein organic fertilizer.
• Geographical Revenue:
  • Domestic (India): Represents the majority of sales, as the company supplies several domestic refineries and industrial houses.
  • Exports: A growing portion of revenue, either through direct exports or sales to merchant exporters.
• Key Products:
  • Refined Castor Oil (F.S.G. - First Special Grade): A pale yellow, viscous liquid used in manufacturing.
  • Castor De-Oiled Cake: The solid residue left after oil extraction, valued for its nitrogen, phosphorus, and potassium content for soil health.
• Recent Financial Performance (H1 FY26 vs H1 FY25):

  Note: These are interim figures used for trend analysis.

  • The company reported revenue from operations of ₹285.40 crore for the first half of FY26, representing a growth compared to the previous year’s corresponding period, driven by higher crushing volumes.
  • Profit After Tax (PAT) for the same period stood at approximately ₹4.85 crore.
• Strategic Initiatives:
  • Capacity Enhancement: RCDL has recently completed the expansion of its refining capacity to meet increasing demand from the lubricant and personal care sectors.
  • Direct Sourcing: Implementing a more robust direct-from-farmer procurement model to reduce dependency on intermediaries and improve raw material quality control.
  • Sustainability: Investing in effluent treatment systems at the Harij plant to comply with environmental standards and reduce the operational footprint.

References

1. Annual Report Mar 2025
2. Investor Presentation Nov 2025
3. Quarterly Result Nov 2025