# Solvent Extraction — company-by-company sector analysis > Solvent Extraction: Shri Venkatesh Refineries Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-18. Not investment advice. ## Bottom line The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Shri Venkatesh Refineries Ltd leads with revenue of ₹2,079 crore, based on 1 of 1 comparable companies through Mar 2026. Shri Venkatesh Refineries Ltd has the fastest current revenue growth at 72.7%, across 1 of 1 comparable companies. ## Sector relative strength The 52-week comparison of Solvent Extraction against NIFTY 500 is not available from the current market series. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Shri Venkatesh Refineries Ltd is the strongest against the sector itself at 0%. Readings are as of 2026-08-09. 13-week sector return versus NIFTY 500: — 52-week sector return versus NIFTY 500: — Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹1.1K Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Shri Venkatesh Refineries Ltd (SVRL): 61/100 — Thin evidence · provisional; evidence 59% - Growth & earnings 23.8/35 | Capital efficiency 16.4/25 | Valuation 8.5/20 | Relative strength 12.0/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 5 of the last 12 weeks - Exact sum: 23.8 + 16.4 + 8.5 + 12 = 60.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Market action Shri Venkatesh Refineries Ltd has the strongest one-year price move in Solvent Extraction at +5.2%. It also leads on Mansfield relative strength against NIFTY at +4%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-03-06. ### Strongest one-year price performers 1. Shri Venkatesh Refineries Ltd (SVRL): 5.2% ### Strongest relative strength versus NIFTY 500 1. Shri Venkatesh Refineries Ltd (SVRL): 4.0% ## Solvent Extraction — the story behind the numbers This is the written read behind the Solvent Extraction figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 4 themes are live here, 1 of them rated high severity. The Solvent Extraction sector review for the week ending 2026-07-19 relies on a single constituent, Shri Venkatesh Refineries Ltd (543373), given the limited coverage in this dataset. The company reported FY26 revenue of ₹1,377.57 cr, marking a 96.4% increase from ₹701.64 cr in FY25. Net profit rose 111.4% to ₹38.20 cr. How old this read is: This read comes from our Solvent Extraction sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks. ### Live themes, worst first - HIGH | Company profitability vulnerable to fluctuations in edible oil prices with thin operating margins due to intense industry competition | Focus on volume sale and better sales realisation along with rise in scale of operation | quoted: "Profit margin: 2.8% (up from 2.6% in FY 2025). The increase in margin was driven by higher revenue." | named for 543373 - MEDIUM | Exposure to geopolitical issues due to reliance on import of raw materials including de-gum Soyabean oil from bulk dealers | Procures imported raw material from bulk dealers during off season | named for 543373 - MEDIUM | Products under Essential Commodities Act with government-controlled stocking and price levels affecting profitability | named for 543373 - MEDIUM | Vulnerable to agro-climatic risks as raw material availability and prices depend on climatic conditions | Procures raw material from nearby areas in Maharashtra during season | named for 543373 Sources: our Solvent Extraction sector brief, 28 Jul 2026 · company earnings-call transcripts. ## Revenue Scale & Growth Durability What the numbers say: Shri Venkatesh Refineries Ltd is the scale leader at ₹2,079 crore, Shri Venkatesh Refineries Ltd's growth is 72.7% from a ₹2,079 crore base, with 11 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Shri Venkatesh Refineries Ltd is the scale benchmark; Shri Venkatesh Refineries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Shri Venkatesh Refineries Ltd's growth falls below Shri Venkatesh Refineries Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Shri Venkatesh Refineries Ltd · ₹2,079 crore | Not enough peers | 6/8 recent comparable periods | 1/1 companies · 11 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Shri Venkatesh Refineries Ltd (SVRL): ₹2.1K Cr ### Revenue growth — fastest growers 1. Shri Venkatesh Refineries Ltd (SVRL): 73% ### 20-quarter Revenue history - SVRL: Sep 2020 ₹132 Cr | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 ₹311 Cr | Dec 2021 — | Mar 2022 ₹301 Cr | Jun 2022 — | Sep 2022 ₹324 Cr | Dec 2022 — | Mar 2023 ₹305 Cr | Jun 2023 — | Sep 2023 ₹287 Cr | Dec 2023 — | Mar 2024 ₹288 Cr | Jun 2024 — | Sep 2024 ₹308 Cr | Mar 2025 ₹393 Cr | Sep 2025 ₹556 Cr | Mar 2026 ₹822 Cr ### 20-quarter Revenue growth history - SVRL: Sep 2020 — | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 136% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 4.2% | Dec 2022 — | Mar 2023 1.3% | Jun 2023 — | Sep 2023 -11% | Dec 2023 — | Mar 2024 -5.6% | Jun 2024 — | Sep 2024 7.3% | Mar 2025 36% | Sep 2025 81% | Mar 2026 109% ## Operating Economics & Margin Trend What the numbers say: Shri Venkatesh Refineries Ltd leads both opm at 5% and margin change at 0 percentage points. Investor read: Shri Venkatesh Refineries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Shri Venkatesh Refineries Ltd · 5% | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Shri Venkatesh Refineries Ltd (SVRL): 5.0% ### Margin change — fastest expanders 1. Shri Venkatesh Refineries Ltd (SVRL): 0.0 pp ### 20-quarter OPM history - SVRL: Sep 2020 3.6% | Dec 2020 5.4% | Mar 2021 2.8% | Jun 2021 2.2% | Sep 2021 2.1% | Dec 2021 7.1% | Mar 2022 6.0% | Jun 2022 5.7% | Sep 2022 4.3% | Dec 2022 6.0% | Mar 2023 4.5% | Jun 2023 4.9% | Sep 2023 5.0% | Dec 2023 7.8% | Mar 2024 4.8% | Jun 2024 4.7% | Sep 2024 4.9% | Mar 2025 5.0% | Sep 2025 5.0% | Mar 2026 5.0% ### 20-quarter Margin change history - SVRL: Sep 2020 — | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 −1.5 pp | Dec 2021 +1.7 pp | Mar 2022 +3.2 pp | Jun 2022 +3.4 pp | Sep 2022 +2.2 pp | Dec 2022 −1.2 pp | Mar 2023 −1.5 pp | Jun 2023 −0.7 pp | Sep 2023 +0.7 pp | Dec 2023 +1.8 pp | Mar 2024 +0.3 pp | Jun 2024 −0.3 pp | Sep 2024 −0.1 pp | Mar 2025 +0.2 pp | Sep 2025 +0.1 pp | Mar 2026 0.0 pp ## Profit Scale & Acceleration What the numbers say: Shri Venkatesh Refineries Ltd leads net profit at ₹56 crore; the second comparison lacks enough current evidence. Investor read: Shri Venkatesh Refineries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Shri Venkatesh Refineries Ltd · ₹56 crore | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 11 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Shri Venkatesh Refineries Ltd (SVRL): ₹56 Cr ### Profit growth — fastest growers ### 20-quarter Net profit history - SVRL: Sep 2020 ₹2 Cr | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 ₹3 Cr | Dec 2021 — | Mar 2022 ₹12 Cr | Jun 2022 — | Sep 2022 ₹8 Cr | Dec 2022 — | Mar 2023 ₹6 Cr | Jun 2023 — | Sep 2023 ₹7 Cr | Dec 2023 — | Mar 2024 ₹8 Cr | Jun 2024 — | Sep 2024 ₹7 Cr | Mar 2025 ₹11 Cr | Sep 2025 ₹14 Cr | Mar 2026 ₹24 Cr ### 20-quarter Profit growth history - SVRL: Sep 2020 — | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 50% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 167% | Dec 2022 — | Mar 2023 -50% | Jun 2023 — | Sep 2023 -13% | Dec 2023 — | Mar 2024 33% | Jun 2024 — | Sep 2024 0.0% | Mar 2025 38% | Sep 2025 100% | Mar 2026 118% ## Return On Capital Employed What the numbers say: Shri Venkatesh Refineries Ltd leads ROCE at 19.8%. Shri Venkatesh Refineries Ltd has the strongest latest improvement at +5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Shri Venkatesh Refineries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: Shri Venkatesh Refineries Ltd · 19.8% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. Shri Venkatesh Refineries Ltd (SVRL): 20% ### ROCE change — fastest improvers 1. Shri Venkatesh Refineries Ltd (SVRL): +5.0 pp ### 20-quarter ROCE history ### 20-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. Shri Venkatesh Refineries Ltd (SVRL): 29.8 ### 20-quarter PEG history ### 20-quarter P/E history - SVRL: Sep 2020 — | Dec 2020 — | Mar 2021 — | Jun 2021 — | Sep 2021 — | Dec 2021 12.1 | Mar 2022 27.0 | Jun 2022 6.8 | Sep 2022 10.9 | Dec 2022 10.9 | Mar 2023 9.6 | Jun 2023 11.7 | Sep 2023 18.0 | Dec 2023 17.2 | Mar 2024 12.3 | Jun 2024 19.0 | Sep 2024 20.4 | Mar 2025 29.6 | Sep 2025 33.8 | Mar 2026 22.6 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Shri Venkatesh Refineries Ltd (SVRL) — market value ₹1.1K Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Mar 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Solvent Extraction sector outperforming NIFTY 500? The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. ### Which Solvent Extraction company is largest by revenue? Shri Venkatesh Refineries Ltd leads with revenue of ₹2,079 crore, based on 1 of 1 comparable companies through Mar 2026. ### Which Solvent Extraction company is growing fastest? Shri Venkatesh Refineries Ltd has the fastest current revenue growth at 72.7%, across 1 of 1 comparable companies. ### Which Solvent Extraction company has the strongest 4-Factor Sector Score? Shri Venkatesh Refineries Ltd ranks first at 60.7/100 with 58.5% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Solvent Extraction comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Solvent Extraction index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Solvent Extraction, this page builds its own equal-weight basket of 1 listed Solvent Extraction companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Mar 2026. ### Which are the best Solvent Extraction stocks in India? Ranked by this page's four-factor score, Shri Venkatesh Refineries Ltd places first among 1 listed Solvent Extraction companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Solvent Extraction stocks are listed in India? This comparison covers 1 listed Solvent Extraction companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026. ### Which Solvent Extraction company is the biggest? Shri Venkatesh Refineries Ltd is the largest, with trailing-twelve-month revenue of ₹2,079 crore. That covers 1 of 1 companies with comparable reporting through Mar 2026. ### Which Solvent Extraction company has the best profit margins? Shri Venkatesh Refineries Ltd has the highest operating margin at 5%, from 1 of 1 comparable companies. Shri Venkatesh Refineries Ltd shows the biggest recent improvement, at 0 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Solvent Extraction company makes the most profit? Shri Venkatesh Refineries Ltd earns the most, at ₹56 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. ### Which Solvent Extraction company earns the highest return on capital? Shri Venkatesh Refineries Ltd leads on return on capital employed at 19.8%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Solvent Extraction stock has the strongest price momentum? Shri Venkatesh Refineries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Solvent Extraction company scores highest for research priority? Shri Venkatesh Refineries Ltd scores 60.7 out of 100 with 58.5% evidence confidence, from 23.8 points on growth and earnings, 16.4 on capital efficiency, 8.5 on valuation and 12 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Solvent Extraction companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Solvent Extraction sector? The 1 Solvent Extraction companies on this page carry ₹1,140 crore of combined market value. Shri Venkatesh Refineries Ltd is the largest at ₹1,140 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-18. ### How is the Solvent Extraction sector performing? 1 of the 1 covered Solvent Extraction companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-08-18. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.