Rajputana Bio.
Q3 FY25 Earnings Call Analysis
Chemicals & Petrochemicals
fundraise: Yescapex: Yesrevenue: Category 1margin: Category 3orderbook: No information
💰fundraise
Any current/future new fundraising through debt or equity?
- Rajputana Biodiesel Limited plans to raise funds through a preferential equity round for the GCC biodiesel unit and the CBG unit.
- The company intends to use both its own capital and external funds in this preferential round.
- No specific details on debt fundraising were mentioned in the transcript.
- The preferential round is aimed at financing new capacity expansions and projects, including the CBG and GCC biodiesel plants.
🏗️capex
Any current/future capex/capital investment/strategic investment?
- Acquisition of 262-acre land parcel for planting own feedstock (Napier grass) for compressed biogas (CBG) production, expected to register by January end; civil work for CBG project to commence by January.
- Civil work to start by January for a new biodiesel unit in the GCC region (Middle East) targeting the European Union and marine fuel blending markets; location mostly finalized and awaiting regulatory approvals.
- Expansion of current biodiesel capacities in India by 3 to 4 times; plans to run enhanced capacity near 100% utilization next year.
- Preferential share issuance planned to raise funds for GCC biodiesel and CBG units; promoters to participate as well.
- Diversification into biomass pellets production (solid segment) with a 50-75 tons/day pellet unit under development.
Overall, the company is investing in vertical and horizontal growth across biodiesel, CBG, and pellet sectors with clear timelines for 2026.
📊revenue
Future growth expectations in sales/revenue/volumes?
- Rajputana Biodiesel aims to operate at nearly 100% capacity at its enhanced Indian units next year.
- The company plans to start civil work for a 150 kiloliters per day biodiesel plant in the GCC region by January-end 2026.
- They intend to tap the marine fuel blending market with 24% biodiesel blending mandatory from January 2028 in GCC.
- The CBG (Compressed Biogas) unit will begin with a 10 tons per day capacity in Rajasthan, targeting high EBITDA margins of 65%-70%.
- The company expects to grow vertically and horizontally across biodiesel, biomass pellets, and CBG sectors, becoming a one-stop renewable energy solution provider.
- They have bid for the highest tender volume in company history, with supply expected by March next year.
- Revenue growth is expected from expanded capacities, diversified product segments, and entry into lucrative GCC and export markets.
📈margin
Future growth expectations in earnings/operating earnings/profits/EPS?
- Company aims to run enhanced capacities at almost 100% next year, targeting 130-150 kiloliters per day biodiesel production from April FY27.
- Bid for highest volume ever in OMC biodiesel tender for Nov-Mar 2026 period, awaiting allocations.
- Expanding into GCC region capturing Europe's 14% biodiesel blending mandate and marine VLSFO fuel blending mandate (24% biodiesel by 2028).
- Vertical integration with CBG and biomass pellets, targeting high EBITDA margins (CBG EBITDA 65-75%).
- Plans to diversify into Sustainable Aviation Fuel long term.
- H2 FY26 numbers expected heavier than H1, indicating revenue and profit growth.
- Company confident of sustaining and growing profitability due to own feedstock (leading to cost advantages).
- Strategic expansions and product diversification aimed at long-term value creation and steady profit margin improvements.
📋orderbook
Current/ Expected Orderbook/ Pending Orders?
- Rajputana Biodiesel Limited has bid for the highest volume ever in the company's history in the current OMC biodiesel tender for November 2025 to March 2026.
- Exact order quantity and price details are not disclosed due to restrictions on sharing unpublished sensitive information.
- Supply of these tendered volumes is expected by March 2026 upon receiving allocations.
- The company expects to operate at near 100% capacity of its enhanced production units in the next year.
- They have also received approvals for establishing two compressed biogas (CBG) units and a biodiesel unit in the GCC region aimed to tap export and international markets.
