Savita Oil Technologies
SOTL NSE
Savita Oil Technologies
EnergyNSE: SOTL BSE: 524667 Petroleum Products
Key Fundamentals
MicrocapLubricantsPetroleum ProductsMarket Cap
₹4,770 Cr
Volatility
Moderate
P/E Ratio
11.5
EBITDA
₹291 Cr
Return on Equity
10.02%
Debt to Equity
0
Book Value
₹264.72
EPS
₹26.77
52W High
₹850.1
52W Low
₹285.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 17.8%
Weaknesses
2- Stock is trading at 2.67 times its book value
- Company has a low return on equity of 8.73% over last 3 years.
Growth Rate
Revenue Growth
14.2% higher than
3Y
Net Income Growth
60.6% higher than
3Y
Cash Flow Change
123% higher than
3Y
ROE
47.14% higher than
3Y
ROCE
31.44% higher than
3Y
EBITDA Margin (Avg.)
22.49% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoAI opinion · based on fundamentals
Risk medium
Savita Oil Technologies is a nearly debt-free, mid-cap petroleum specialty products manufacturer with a market cap of ₹4,140 Cr trading at a PE of 22.1x. The company posted TTM sales growth of 14% and TTM profit growth of 92%, rebounding sharply from a 3-year profit CAGR of -4%, while maintaining its position as India's market leader in transformer oils and white oils.
Bull Case 8
- Near debt-free balance sheet provides financial resilience and flexibility for capacity expansion without dilution or interest burden
- Market leader in transformer oils in India with sales volume exceeding 3,00,000 KL annually, benefiting from India's ₹9 lakh crore grid expansion program driving structural demand for transformer oils
- TTM profit growth of 92% signals a sharp margin recovery, with EBITDA margins improving from 3.0% in Q3 FY25 to 5.5% in Q3 FY26
- Total income grew ~15% YoY in Q3 FY26 and ~12% YoY on 9-month basis, with double-digit growth across all segments including domestic transformer oils, white oils, and international business
- Compounded sales CAGR of 18% over 5 years and 11% over 10 years demonstrates consistent long-term revenue scaling ability
- FY26 total sales volume grew ~17% YoY with capacity of ~5.5 lakh tonnes across 4 manufacturing units, and new synthetic ester capacity at Mahad provides further volume upside
- Stock price CAGR of 47% over 1 year and 25% over 3 years reflects strong market re-rating alongside improving fundamentals
- Healthy dividend payout ratio of 17.8% maintained consistently despite earnings volatility, indicating shareholder-friendly capital allocation
Bear Case 8
- 3-year ROE of only 9.82% is below cost of equity for most investors, indicating subpar capital efficiency over a meaningful period
- 3-year compounded profit CAGR of -4% and 5-year profit CAGR of -2% show the company struggled to grow earnings over extended periods despite revenue growth
- EBITDA margins remain thin at 5.4-6.6% range, leaving limited buffer against raw material (base oil) price volatility or competitive pricing pressure
- Dividend yield of only 0.68% is modest given the PE of 22.1x, offering limited income protection if growth slows
- Revenue mix is 83% domestic and 17% exports, creating concentration risk tied to Indian economic cycles and government infrastructure spending timelines
- P/B ratio of 2.22x against a 3-year ROE of ~10% implies the market is pricing in significant future improvement that may not materialize
- Wind power segment contribution is minimal and the core business (99% of turnover) remains entirely tied to petroleum-derived products, posing long-term transition risk as electrification reduces certain oil demand categories
- 10-year compounded profit CAGR of 19% is inflated by base effects and masks significant year-to-year earnings volatility, with PBT swinging from ₹155.7 Cr in FY25 to ₹15.1 Cr in a single quarter (Q3 FY25)
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 920 | 889 | 958 | 973 | 956 | 907 | 945 | 1,006 | 989 | 1,076 | 1,074 | 1,224 | 1,480 |
| Expenses | 851 | 829 | 873 | 941 | 908 | 873 | 924 | 957 | 929 | 1,025 | 1,033 | 1,159 | 1,116 |
| Operating Profit | 69 | 60 | 86 | 32 | 47 | 34 | 22 | 48 | 60 | 51 | 40 | 65 | 364 |
| OPM % | 8% | 7% | 9% | 3.3% | 4.9% | 3.8% | 2.3% | 4.8% | 6% | 4.8% | 3.8% | 5% | 25% |
| Other Income | 17 | 14 | 24 | 26 | 20 | 26 | 10 | 9 | 27 | 17 | 22 | 18 | 37 |
| Interest | 9 | 9 | 10 | 10 | 7 | 8 | 7 | 6 | 6 | 4 | 5 | 5 | 4 |
| Depreciation | 5 | 5 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 |
| PBT | 73 | 60 | 93 | 41 | 55 | 47 | 19 | 45 | 75 | 59 | 52 | 71 | 391 |
| Tax % | 24% | 21% | 27% | 20% | 23% | 32% | 19% | 24% | 22% | 25% | 21% | 29% | 25% |
| Net Profit | 56 | 48 | 68 | 33 | 42 | 32 | 15 | 35 | 59 | 44 | 41 | 50 | 292 |
| EPS in Rs | 8.05 | 6.88 | 9.89 | 4.74 | 6.12 | 4.6 | 2.19 | 5 | 8.53 | 6.37 | 5.96 | 7.34 | 42.63 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,835 | 1,484 | 1,496 | 1,782 | 2,261 | 2,044 | 1,911 | 2,937 | 3,629 | 3,740 | 3,813 | 4,360 | 4,853 |
| Expenses | 1,773 | 1,395 | 1,341 | 1,595 | 2,064 | 1,889 | 1,610 | 2,578 | 3,293 | 3,486 | 3,651 | 4,115 | 4,332 |
| Operating Profit | 62 | 89 | 155 | 186 | 197 | 155 | 300 | 358 | 336 | 254 | 162 | 246 | 521 |
| OPM % | 3.4% | 6% | 10% | 10% | 9% | 8% | 16% | 12% | 9% | 7% | 4.2% | 6% | 11% |
| Other Income | 9 | 10 | 13 | 10 | 18 | 12 | 32 | 31 | 23 | 74 | 55 | 56 | 94 |
| Interest | 41 | 26 | 14 | 14 | 29 | 20 | 9 | 19 | 35 | 38 | 28 | 19 | 18 |
| Depreciation | 34 | 30 | 28 | 26 | 24 | 22 | 20 | 21 | 21 | 23 | 24 | 26 | 26 |
| PBT | -4 | 43 | 126 | 156 | 163 | 125 | 303 | 348 | 303 | 267 | 166 | 256 | 572 |
| Tax % | -70% | 15% | 26% | 19% | 30% | 23% | 26% | 25% | 25% | 24% | 25% | 24% | — |
| Net Profit | -1 | 36 | 94 | 126 | 114 | 96 | 224 | 260 | 226 | 204 | 124 | 194 | 427 |
| EPS in Rs | -0.17 | 4.95 | 12.82 | 17.63 | 15.96 | 13.59 | 31.81 | 37.7 | 32.66 | 29.56 | 17.91 | 28.27 | 62.3 |
| Div. Payout % | -288% | 20% | 21% | 3% | 3% | 29% | 9% | 13% | 12% | 14% | 22% | 18% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 550 | 577 | 647 | 728 | 837 | 855 | 1,078 | 1,244 | 1,435 | 1,611 | 1,662 | 1,827 |
| Borrowings | 64 | 42 | 22 | 6 | 4 | 1 | 0 | 0 | 0 | 0 | 0 | 2 |
| Other Liabilities | 519 | 417 | 461 | 536 | 576 | 561 | 641 | 731 | 815 | 855 | 697 | 896 |
| Total Liabilities | 1,149 | 1,051 | 1,144 | 1,284 | 1,431 | 1,431 | 1,733 | 1,989 | 2,264 | 2,480 | 2,372 | 2,739 |
| Fixed Assets | 265 | 235 | 230 | 210 | 202 | 189 | 185 | 184 | 180 | 192 | 207 | 201 |
| CWIP | 1 | 3 | 1 | 2 | 3 | 8 | 1 | 5 | 20 | 19 | 12 | 24 |
| Investments | 30 | 36 | 19 | 24 | 69 | 177 | 271 | 468 | 326 | 404 | 424 | 475 |
| Other Assets | 853 | 776 | 894 | 1,049 | 1,158 | 1,058 | 1,277 | 1,332 | 1,738 | 1,864 | 1,729 | 2,039 |
| Total Assets | 1,149 | 1,051 | 1,144 | 1,284 | 1,431 | 1,431 | 1,733 | 1,989 | 2,264 | 2,480 | 2,372 | 2,739 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 125 | 76 | 55 | 97 | 128 | 177 | 124 | 369 | -64 | 177 | 64 | 138 |
| Investing | -26 | -9 | -3 | -9 | -51 | -116 | -84 | -298 | 124 | -49 | -10 | -30 |
| Financing | -102 | -68 | -55 | -75 | -34 | -102 | -20 | -76 | -69 | -61 | -103 | -47 |
| Net Cash Flow | -2 | -2 | -4 | 13 | 43 | -41 | 21 | -4 | -9 | 67 | -49 | 61 |
| Free Cash Flow | 116 | 59 | 45 | 91 | 117 | 165 | 115 | 354 | -95 | 148 | 32 | 109 |
| CFO/OP | 233 | 98 | 55 | 70 | 92 | 140 | 67 | 127 | 4 | 101 | 44 | 77 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93 | 95 | 103 | 110 | 93 | 91 | 104 | 73 | 75 | 77 | 74 | 77 |
| Inventory Days | 70 | 98 | 136 | 114 | 91 | 104 | 160 | 95 | 103 | 100 | 91 | 90 |
| Days Payable | 103 | 108 | 126 | 127 | 106 | 117 | 152 | 102 | 92 | 90 | 69 | 79 |
| Cash Conversion Cycle | 60 | 85 | 112 | 98 | 79 | 78 | 112 | 67 | 87 | 87 | 97 | 88 |
| Working Capital Days | 60 | 83 | 101 | 101 | 84 | 84 | 111 | 67 | 87 | 88 | 93 | 86 |
| ROCE % | 5% | 11% | 21% | 24% | 23% | 16% | 31% | 31% | 24% | 19% | 10% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Savita Oil Technologies insights
60 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Clarification sought from Savita Oil Technologies Ltd
24 Jul - Exchange has sought clarification from Savita Oil Technologies Ltd on July 24, 2026, with reference to Movement in Volume. 24 Jul - Exchange has sought clarification from Savita Oil Technologies Ltd on July 24, 2026, with reference to Movement in Volume.
2
Earnings Release Of Q4 & FY 2025-26 Financial Results
8 May - Savita Oil Technologies reported FY26 revenue 4,407.7 Cr, PBT 244.4 Cr, and recommended Rs.5 final dividend. 8 May - Savita Oil Technologies reported FY26 revenue 4,407.7 Cr, PBT 244.4 Cr, and recommended Rs.5 final dividend.
4
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
7 May - Savita Oil approves amalgamation of Savita GreenTec, appointed date April 1, 2026; no share issue. 7 May - Savita Oil approves amalgamation of Savita GreenTec, appointed date April 1, 2026; no share issue.
5
Board Meeting Intimation for Consideration Of Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended 31St March, 2026
30 Apr - Board meets on 7 May 2026 to approve FY26 results, consider final dividend and amalgamation with Savita GreenTec. 30 Apr - Board meets on 7 May 2026 to approve FY26 results, consider final dividend and amalgamation with Savita GreenTec.
Frequently Asked Questions about Savita Oil Technologies
What does Savita Oil Technologies Ltd do?
Savita Oil Technologies Limited, established in 1961, is a specialty petroleum products company engaged in manufacturing Transformer Oils, White Oils etc. [1]
Where is Savita Oil Technologies Ltd (SOTL) listed?
Savita Oil Technologies Ltd trades as SOTL on the NSE and under code 524667 on the BSE.
Which sector does Savita Oil Technologies Ltd belong to?
Savita Oil Technologies Ltd is classified under the Energy sector, in the Petroleum Products industry.
What is the market capitalisation of Savita Oil Technologies Ltd?
Savita Oil Technologies Ltd has a market capitalisation of ₹4,770 Cr, which places it in the Small Cap band.
What is the PE ratio of Savita Oil Technologies Ltd?
Savita Oil Technologies Ltd trades at a PE ratio of 11.50, on earnings per share of ₹26.77, against a book value of ₹264.72 per share.
What is the 52-week high and low of Savita Oil Technologies Ltd?
Over the last 52 weeks Savita Oil Technologies Ltd has traded between ₹285.8 and ₹850.1.
Does Savita Oil Technologies Ltd pay dividends?
Savita Oil Technologies Ltd has a dividend yield of 0.72%.
What is the Return on Equity (ROE) of Savita Oil Technologies Ltd?
Savita Oil Technologies Ltd reported a return on equity of 10.02%. Its debt-to-equity ratio is 0.00.
Company Information
Savita Oil Technologies Limited, established in 1961, is a specialty petroleum products company engaged in manufacturing Transformer Oils, White Oils etc. [1]
Website savita.com
CEO Mr. Gautam Nandkishore Mehra B.E., M.B.A.
Employees 607
Listed 1995-06-28
Face Value ₹ 2
Issued Size 6,85,60,415
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