💰 Financial Performance

Revenue Growth by Segment

The company operates in a single reportable segment. Total revenue from operations for H1 FY26 was INR 11.25 Lakhs, representing a marginal growth of 2.27% compared to INR 11.00 Lakhs in H1 FY25. Quarterly revenue for Q2 FY26 was INR 5.75 Lakhs, up 4.5% from INR 5.50 Lakhs in Q1 FY26.

Geographic Revenue Split

Not disclosed in available documents. The company maintains its registered office in Udaipur, Rajasthan, and a corporate office in New Delhi.

Profitability Margins

The company is currently loss-making at the operational level. Net Profit Margin for H1 FY26 was -16.98% (Loss of INR 1.91 Lakhs on revenue of INR 11.25 Lakhs), deteriorating from -8.91% (Loss of INR 0.98 Lakhs) in H1 FY25. This decline is driven by fixed administrative costs exceeding the low revenue base.

EBITDA Margin

EBITDA is negative as the company reported a loss before tax of INR 1.91 Lakhs for H1 FY26. Core profitability is under pressure as total expenses of INR 13.16 Lakhs exceeded total income of INR 11.25 Lakhs by 16.9%.

Capital Expenditure

Not disclosed in available documents. Cash flow from investing activities shows zero additions to property, plant, and equipment for the half-year ended September 30, 2025.

Credit Rating & Borrowing

Not disclosed in available documents. Finance costs were reported as negligible (INR 0.00 Lakhs) for H1 FY26, suggesting minimal interest-bearing debt.

⚙️ Operational Drivers

Raw Materials

Not disclosed in available documents. The current P&L does not list 'Cost of Materials Consumed,' suggesting the company may not be actively manufacturing or is operating as a service/holding entity.

Capacity Expansion

Not disclosed in available documents. Property, Plant and Equipment is reported as zero in the unaudited statement of assets and liabilities as of September 30, 2025.

Raw Material Costs

Not disclosed in available documents. Operating expenses are primarily administrative, including employee benefits (INR 4.97 Lakhs) and listing fees (INR 3.25 Lakhs).

Manufacturing Efficiency

Not applicable as the company does not report active manufacturing expenses or inventory in the current period.

Logistics & Distribution

Postage and courier charges were INR 1.30 Lakhs for H1 FY26, representing 11.5% of total revenue, which is high for administrative logistics.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company has not outlined a specific growth strategy in the provided documents. Current operations appear focused on maintaining listing compliance, as evidenced by listing fees being one of the largest expense items (28.9% of revenue).

Products & Services

The company name suggests involvement in Petro Synthetics; however, the financial statements do not specify current product sales, only 'Revenue from operations' of INR 11.25 Lakhs for the half-year.

🌍 External Factors

Industry Trends

The petrochemical and synthetic industry is generally capital-intensive and cyclical. However, RAJASPETRO's current financials reflect a dormant or micro-scale operation that is not currently benefiting from industry-wide growth trends.

Competitive Moat

No apparent moat. The company has a very small operational scale and is currently reporting net losses.

Macro Economic Sensitivity

Highly sensitive to regulatory costs. As a listed entity with very low revenue, changes in SEBI or BSE listing fees directly impact the bottom line.

⚖️ Regulatory & Governance

Industry Regulations

The company is subject to SEBI (LODR) Regulations, 2015. Compliance costs are significant relative to revenue, with listing fees totaling INR 3.25 Lakhs for H1 FY26.

Taxation Policy Impact

The company reported zero tax expense for H1 FY26 due to the net loss of INR 1.91 Lakhs.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the company's viability as a going concern given that total income (INR 11.25 Lakhs) is lower than basic administrative expenses (INR 13.16 Lakhs).

Third Party Dependencies

High dependency on professional services and regulatory bodies, as professional charges and listing fees constitute 31.1% of total expenses.

Credit & Counterparty Risk

Trade receivables are not specifically detailed, but the company generated a small cash inflow from operations of INR 0.08 Lakhs from trade/other receivables changes.