---
title: "Rajesh Solvex Ltd (519514) — Share Price, Financials & Analysis"
symbol: "519514"
company: "Rajesh Solvex Ltd"
canonical: "https://tapetide.com/stocks/519514"
isin: "INE893E01012"
bse_code: "519514"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
generated_at: "2026-09-13T18:27:42.095Z"
---

# Rajesh Solvex Ltd (519514)

Canonical page: https://tapetide.com/stocks/519514

## Company

- **BSE Code:** 519514
- **ISIN:** INE893E01012
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rajeshsolvex.com

## About

Rajesh Solvex specializes in crushing Mustard Deoiled Cake in India.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 43.7 to 15.9 days.

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -31% | 17% | — |
| revenue growth | -43% | — | 4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.66 | 1.96 | 1.95 | 1.06 | 0.47 | 0.14 | 0 | 0 | 0.49 | 0.99 | 0 | 0 |
| Expenses | 1.33 | 1.42 | 1.45 | 1.11 | 0.65 | 0.34 | 0.17 | 0.11 | 0.63 | 0.84 | 1.33 | 1.29 |
| Operating Profit | 0.33 | 0.54 | 0.5 | -0.05 | -0.18 | -0.2 | -0.17 | -0.11 | -0.14 | 0.15 | -1.33 | -1.29 |
| OPM % | 19.88 | 27.55 | 25.64 | -4.72 | -38.3 | -142.86 | — | — | -28.57 | 15.15 | — | — |
| Other Income | 0 | 0 | 0.02 | 0.13 | 0 | 0 | 0.04 | 0 | 0 | 0 | 1.45 | 1.42 |
| Interest | 0.2 | 0.2 | 0.18 | 0.1 | 0.1 | 0.08 | 0 | 0.01 | 0 | 0.1 | 0.11 | 0.08 |
| Depreciation | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.07 | 0.05 |
| Profit before tax | 0.09 | 0.3 | 0.31 | -0.06 | -0.32 | -0.32 | -0.17 | -0.16 | -0.18 | 0.01 | -0.06 | 0 |
| Tax % | 0 | 0 | 58.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | 0.09 | 0.3 | 0.13 | -0.06 | -0.32 | -0.32 | -0.17 | -0.16 | -0.18 | 0.01 | -0.06 | 0 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 17.25 | 0.12 | 6.58 | 20.33 | 2.31 | 0.02 | -0.01 | 2.93 | 4.83 | 2.75 |
| Expenses | 17.51 | 1.07 | 7.14 | 19.9 | 7.38 | 5.71 | 2.14 | 2.92 | 4.76 | 2.89 |
| Operating Profit | -0.26 | -0.95 | -0.56 | 0.43 | -5.07 | -5.69 | -2.15 | 0.01 | 0.07 | -0.14 |
| OPM % | -1.51 | -791.67 | -8.51 | 2.12 | -219.48 | -28450 | — | 0.34 | 1.45 | -5.09 |
| Other Income | 0.03 | 0.72 | 0.88 | 0.1 | 5.87 | 7.56 | 1.71 | 0.01 | 0.01 | 0.02 |
| Interest | 0.21 | 0.28 | 0.4 | 0.51 | 0.62 | 0.77 | 0.28 | 0.22 | 0.15 | 0.02 |
| Depreciation | 0.27 | 0.27 | 0.27 | 0.26 | 0.17 | 0.16 | 0.16 | 0.19 | 0.18 | 0.19 |
| Profit before tax | -0.71 | -0.78 | -0.35 | -0.24 | 0.01 | 0.94 | -0.88 | -0.39 | -0.25 | -0.33 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 19.15 | 0 | 0 | 0 | 0 |
| Net Profit | -0.71 | -0.78 | -0.35 | -0.24 | 0.01 | 0.76 | -0.88 | -0.38 | -0.26 | -0.34 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 |
| Reserves | -5.59 | -6.37 | -6.73 | -6.97 | -6.95 | -6.19 | -7.07 | -7.45 | -7.71 | -8.05 |
| Borrowings | 2.41 | 2.86 | 4.59 | 4.5 | 4.98 | 4.27 | 5.1 | 4.69 | 5.21 | 5.78 |
| Other Liabilities | 0.12 | 0.17 | 1.43 | 0.51 | 0.26 | 0.45 | 0.11 | 0.25 | 0.32 | 0.26 |
| Total Liabilities | 2.44 | 2.16 | 4.79 | 3.54 | 3.79 | 4.03 | 3.64 | 2.99 | 3.32 | 3.49 |
| Fixed Assets | 2.02 | 1.75 | 1.48 | 1.8 | 1.89 | 1.73 | 2.04 | 1.86 | 1.67 | 2.42 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.26 | 0.27 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0.16 | 0 | 0 | 0 | 0 |
| Other Assets | 0.42 | 0.41 | 3.31 | 1.74 | 1.9 | 2.14 | 1.6 | 0.87 | 1.38 | 1.07 |
| Total Assets | 2.44 | 2.16 | 4.79 | 3.54 | 3.79 | 4.03 | 3.64 | 2.99 | 3.32 | 3.49 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | -0.83 | -0.56 | 0.27 | 0.75 | 0.74 | -0.85 | 0.77 | -0.01 | -0.04 |
| Cash from Investing Activity | — | 0.72 | 0.88 | -0.48 | -0.25 | 0.01 | 1.24 | -0.26 | -0.01 | -0.59 |
| Cash from Financing Activity | — | 0.13 | -0.11 | 0.1 | -0.61 | -0.76 | -0.29 | -0.63 | 0.37 | 0.48 |
| Net Cash Flow | — | 0.02 | 0.21 | -0.11 | -0.11 | -0.01 | 0.1 | -0.12 | 0.35 | -0.15 |
| Free Cash Flow | — | -0.83 | -0.56 | -0.31 | 0.5 | 0.74 | -1.32 | 0.51 | -0.02 | -0.63 |
| CFO/OP | — | 87 | 100 | 63 | -15 | -16 | 40 | 7700 | -14 | 29 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 1.06 | 365 | 53.25 | 5.39 | 227.53 | 30112.5 | -44530 | 73.5 | 41.56 | 15.93 |
| Inventory Days | 4.95 | 110.8 | 114.5 | 21.81 | 16.91 | 32.26 | 41.39 | 17.72 | 35 | 114.51 |
| Days Payable | 3.07 | 71.7 | 82.87 | 8.15 | 11.53 | 22.07 | 37.63 | 85.05 | 80 | 89.46 |
| Cash Conversion Cycle | 2.95 | 404.11 | 84.88 | 19.04 | 232.91 | 30122.69 | -44526.24 | 6.17 | -3.44 | 40.98 |
| Working Capital Days | 5.5 | 547.5 | 83.21 | 19.21 | 251.23 | 30112.5 | 48910 | 62.29 | 44.59 | 54.42 |
| ROCE % | — | -23.2 | 1.87 | 8.45 | 19.21 | 48.1 | -16.88 | -5.42 | -3.48 | -9.95 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- |
| Promoters | 43.35% | 26.68% | 26.68% |
| DIIs | 0.03% | 0.03% | 0.03% |
| Public | 56.62% | 73.3% | 73.3% |
| No. of Shareholders | 7686 | 7677 | 7677 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 43.35% | 43.35% | 26.68% | 26.68% | 26.68% | 26.68% | 26.68% | 26.68% | 26.68% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 56.62% | 56.62% | 73.3% | 73.3% | 73.3% | 73.3% | 73.3% | 73.3% | 73.3% |
| No. of Shareholders | 7686 | 7688 | 7678 | 7677 | 7677 | 7677 | 7677 | 7678 | 7677 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 6 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 74.82 | Sell |
| EMA (10) | 74.31 | Sell |
| SMA (20) | 78.2 | Sell |
| EMA (20) | 76.58 | Sell |
| SMA (50) | 80.94 | Sell |
| EMA (50) | 78.04 | Sell |
| SMA (100) | 75.43 | Sell |
| EMA (100) | 76.37 | Sell |
| SMA (200) | 72.57 | Buy |
| EMA (200) | 73.81 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 41.29 | Neutral |
| MACD (12,26,9) | -2.4 | Sell |
| Stochastic (14,3,3) | 19.45 | Buy |
| ADX (14) | 18.91 | Neutral |
| Williams %R (14) | -63.66 | Neutral |
| ATR (14) | 4.22 | High Volatility |
| ROC (12) | -9.25 | Sell |
| Stoch RSI (14) | 50.92 | Neutral |
| UO (7,14,28) | 50.68 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jan - RTA confirms dematerialisation and cancellation of share certificates for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jan - RTA confirms dematerialisation and cancellation of share certificates for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/80fc19f0-82c4-4169-81a2-3714e97ce17a.pdf) |
| 4 Feb - Board meeting on 11 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025. | [Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December 2025 4 Feb - Board meeting on 11 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6eca52bb-2122-43b7-bfb0-0b8d8badabae.pdf) |
| 25 Feb - Newspaper advertisement issued by the Company in connection with SEBI circular no. SEBI/HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, regarding opening of special window for re-lodgment of … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Feb - Newspaper advertisement issued by the Company in connection with SEBI circular no. SEBI/HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, regarding opening of special window for re-lodgment of …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57a7aa88-be0c-4261-9966-45cdbaca16d5.pdf) |
| 12 Feb - Copies of the Newspaper publication of the unaudited financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb - Copies of the Newspaper publication of the unaudited financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended 31st December …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4dc5090-31cf-4943-99c9-3133331428a3.pdf) |
| 11 Feb - Approved Q3 & 9M unaudited standalone and consolidated results to Dec 31, 2025; limited review unmodified. | [Board Meeting Outcome for Board Meeting Intimation For To Consider And Approve The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December 2025. 11 Feb - Approved Q3 & 9M unaudited standalone and consolidated results to Dec 31, 2025; limited review unmodified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e915d16b-c06f-456e-bbaa-7dace21d434b.pdf) |
| — | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December 2025 Along With Limited Review Report 11 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1da16488-9703-4857-8ccb-7b7d3d873486.pdf) |
| — | [Board Meeting To Be Held On 14/02/2018. 7 Feb 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ed4cf6c4-a612-41dd-907e-4a69cf33447f.pdf) |
| — | [Board Meeting To Be Held On 14/02/2018. 7 Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/ed4cf6c4-a612-41dd-907e-4a69cf33447f.pdf) |
| — | [Statement Of Investor Complains For Quarter Ended 31 12 2017 11 Jan 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86b627d2-d026-4206-ab06-fa2fdf23e366.pdf) |
| — | [Statement Of Investor Complains For Quarter Ended 31 12 2017 11 Jan 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/1/86b627d2-d026-4206-ab06-fa2fdf23e366.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7940ced9-e73a-4988-84a2-8533f2a0f75c.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9b7c5127-dbdd-4794-8746-6ea2ef8636ba.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/32f62476-15f8-4cee-851b-ce4798952432.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/73919526731.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/70701526731.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/67367526731_04_11_20.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/5267310319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/5267310318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/5267310317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/526731/5267310316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:42.095Z.