Indian Acrylics Ltd.

•

indianacrylics.comBSE: -NSE: INDIANACRY

Market Cap₹ 81 Cr.

Current Price

High / Low—

Stock P/E0.0

Book Value₹ -1

Price to Book8.78

Dividend Yield0.00 %

ROCE-5.9 %

ROE-121.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Fibre: 52.1% • Yarn: 47.9%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Operating margins have improved to 0.3% from -2.8%
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a high debt-to-equity of 18.03x
Operating cash flow has been negative in recent years
Company has a low return on equity of -59.9% over last 3 years
Company has a low return on capital employed of 1.9%
Interest coverage is weak at -0.7x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile - Spinning

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TRIDENT	24.07	31.03	12265.97	2.08	158.09	12.95	1786.83	4.68	9.95	16.79
2.	SANATHAN	431.00	59.89	3637.81	0.00	23.82	-41.08	1334.74	79.08	7.09	8.10
3.	NITINSPIN	624.55	16.58	3511.22	0.48	75.27	83.62	875.03	10.30	12.21	17.78
4.	FILATEX	73.34	17.04	3256.72	0.41	48.52	19.33	1145.30	9.14	15.90	6.85
5.	GHCLTEXTIL	139.20	13.83	1330.55	0.43	39.35	191.05	408.94	52.73	6.30	16.90
6.	PASHUPATI	82.99	83.70	1309.91	0.00	7.25	276.04	130.01	9.71	11.31	9.49
7.	NAHARSPING	294.15	14.01	1060.86	0.34	69.88	337.83	966.10	17.92	3.37	13.16
8.	AMBIKCO	1633.95	11.50	935.44	2.26	257.00	1514.32	2579.20	1243.47	11.47	15.28
9.	PRECOT	692.20	16.24	830.64	0.58	26.61	135.43	245.73	24.78	11.19	20.16
10.	SUMEETINDS	11.33	28.58	787.15	0.00	1.14	-85.69	272.36	9.61	65.12	3.11
11.	RAJPALAYAM	795.65	5.93	733.61	0.06	17.55	-78.38	261.28	38.56	1.84	20.71
12.	INDIANACRY	5.98	0.00	80.92	0.00	-1.67	64.52	106.94	24.08	-5.92	1.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	138	172	130	106	114	96	96	83	86	102	89	74	107
	139	185	127	110	116	100	95	83	86	100	86	80	111
Operating Profit	-1	-13	3	-4	-1	-4	1	0	-0	2	3	-6	1
OPM %	-0.67%	-7.57%	2.38%	-3.61%	-1.21%	-4.13%	1.39%	0.31%	-0.10%	1.74%	3.75%	-8.59%	1.25%
Other Income	4	1	2	2	3	1	1	0	2	0	1	2	2
Interest	8	9	8	6	6	5	4	3	4	5	4	4	3
Depreciation	4	4	4	4	4	4	3	3	3	3	3	3	2
	-9	-25	-8	-12	-9	-12	-5	-6	-5	-6	-2	-11	-2
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%
Net Profit	-9	-25	-8	-12	-9	-12	-5	-6	-5	-6	-2	-11	-2
	-1	-2	-1	-1	-1	-1	-0	-0	-0	-0	-0	-1	-0
Equity Capital	135	135	135	135	135	135	135	135	135	135	135	135	135
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	544	481	531	737	748	534	624	909	555	394	372
	496	429	486	701	677	467	641	838	561	393	378
Operating Profit	48	52	45	36	71	66	-17	72	-6	1	—
OPM %	9	11	8	5	10	12	-3	8	-1	0	—
Other Income	0	0	0	0	0	0	0	0	0	0	6
Interest	18	16	20	28	38	35	34	37	33	19	17
Depreciation	10	13	16	18	22	25	25	16	15	14	11
	21	23	9	12	11	6	-76	19	-54	-31	-21
Tax %	0	0	0	6	4	0	0	0	0	0	0
Net Profit	21	23	9	12	11	6	-76	19	-54	-31	-21
EPS	0	0	0	0	1	0	-6	1	-4	-2	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	2	2	1	1	1	0	-6	1	-4	-2	—

COMPOUNDED SALES GROWTH

10 Years:: -3%
5 Years:: -12%
3 Years:: -14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: -16%
5 Years:: -49%
3 Years:: -60%
Last Year:: -122%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	135	135	135	135	135	135	135	135	135	135
	-60	-37	-15	-3	7	13	-62	-43	-95	-125
	22	15	29	15	29	9	15	21	30	27
Trade Payables	141	139	142	203	219	173	261	239	129	123
	89	170	205	227	228	244	251	205	199	212
Total Liabilities	327	422	496	577	618	575	600	558	398	372
ASSETS	-	-	-	-	-	-	-	-	-	-
	96	193	228	218	288	273	254	242	226	207
Capital Work in Progress	56	1	11	58	11	3	2	1	1	1
	0	0	0	1	1	0	0	0	0	0
	101	125	175	201	231	228	213	208	113	110
	0	0	0	0	0	0	0	0	18	16
Cash & Bank	22	26	10	11	15	11	58	36	9	9
	52	76	73	88	73	60	72	71	31	29
Total Assets	327	422	496	577	618	575	600	558	398	372
Total Debt	40	147	204	205	203	207	209	178	184	182
Net Working Capital	-7	26	49	31	17	55	-6	-4	-51	-35
Contingent Liabilities	51	30	52	40	11	11	12	12	11	11
Book Value per Share	5.59	7.24	8.89	9.74	10.49	10.99	5.38	6.81	3.01	0.75
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	46	15	4	76	101	11	87	53	9	-10
Cash from Investing	-58	-57	-59	-58	-43	-5	-4	-1	0	27
Cash from Financing	23	46	40	-18	-54	-11	-37	-74	-36	-17
	10	4	-16	1	4	-5	47	-22	-27	1
Free Cash Flow	-12	-41	-56	21	56	11	84	51	9	-10
OCF / Net Profit	2.22	0.63	0.42	6.56	9.41	1.77	-1.15	2.78	-0.16	0.31
Cumulative 5-Year FCF	0	0	0	0	-32	-8	116	224	211	145

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	1.52	1.73	0.65	0.86	0.79	0.46	-5.62	1.42	-3.99	-2.28
Book Value (₹)	5.59	7.24	8.89	9.74	10.49	10.99	5.38	6.81	3.01	0.75
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.27	2.66	1.82	2.17	2.43	2.33	-3.79	2.59	-2.86	-1.27
PROFITABILITY
Operating Margin %	8.34%	9.99%	8.33%	4.90%	9.55%	12.40%	-2.78%	7.90%	-1.13%	0.34%
Net Margin %	3.55%	4.51%	1.65%	1.57%	1.43%	1.17%	-12.19%	2.11%	-9.75%	-7.82%
ROE %	31.58%	26.91%	8.10%	9.20%	7.82%	4.31%	-68.67%	23.27%	-81.35%	-121.53%
ROCE %	41.09%	21.56%	10.15%	12.34%	14.46%	11.68%	-13.21%	20.31%	-8.71%	-5.91%
	7.05%	6.23%	1.92%	2.16%	1.79%	1.05%	-12.95%	3.32%	-11.31%	-8.01%
EFFICIENCY
Debtor Days	15	27	29	19	16	15	12	10	15	16
Inventory Days	63	80	102	93	105	157	129	85	106	104
Payable Days	133	175	151	120	160	238	167	153	181	180
	-55	-68	-20	-9	-39	-66	-26	-59	-60	-61
FINANCIAL HEALTH
Debt to Equity (x)	0.53x	1.50x	1.70x	1.55x	1.43x	1.39x	2.87x	1.93x	4.51x	18.03x
Interest Coverage (x)	2.17x	2.50x	1.44x	1.43x	1.29x	1.18x	-1.24x	1.52x	-0.66x	-0.66x
	0.96x	1.13x	1.24x	1.12x	1.06x	1.23x	0.98x	0.99x	0.76x	0.82x
GROWTH
Revenue Growth %	-1.28%	-11.62%	10.41%	38.85%	1.53%	-28.70%	16.90%	45.79%	-39.02%	-28.88%
Operating Profit Growth %	611.62%	6.89%	-13.69%	-19.12%	98.05%	-7.43%	-126.22%	514.06%	-108.71%	121.57%
Net Profit Growth %	237.60%	13.28%	-62.15%	31.21%	-7.70%	-41.52%	-1315.01%	125.24%	-381.47%	42.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-381.46%	42.90%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.01x	8.78x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	-54.06x	193.69x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.56	62.56	62.56	62.56	62.56	62.56	62.56	62.56	62.56
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.37	37.37	37.37	37.37	37.37	37.37	37.37	37.37	37.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

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Indian Acrylics Ltd.

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Name

TRIDENT

24.07

31.03

12265.97

2.08

158.09

12.95

1786.83

4.68

9.95

16.79

SANATHAN

431.00

59.89

3637.81

0.00

23.82

-41.08

1334.74

79.08

7.09

8.10

NITINSPIN

624.55

16.58

3511.22

0.48

75.27

83.62

875.03

10.30

12.21

17.78

FILATEX

73.34

17.04

3256.72

0.41

48.52

19.33

1145.30

9.14

15.90

6.85

GHCLTEXTIL

139.20

13.83

1330.55

0.43

39.35

191.05

408.94

52.73

6.30

16.90

PASHUPATI

82.99

83.70

1309.91

0.00

7.25

276.04

130.01

9.71

11.31

9.49

NAHARSPING

294.15

14.01

1060.86

0.34

69.88

337.83

966.10

17.92

3.37

13.16

AMBIKCO

1633.95

11.50

935.44

2.26

257.00

1514.32

2579.20

1243.47

11.47

15.28

PRECOT

692.20

16.24

830.64

0.58

26.61

135.43

245.73

24.78

11.19

20.16

SUMEETINDS

11.33

28.58

787.15

0.00

1.14

-85.69

272.36

9.61

65.12

3.11

RAJPALAYAM

795.65

5.93

733.61

0.06

17.55

-78.38

261.28

38.56

1.84

20.71

INDIANACRY

5.98

0.00

80.92

0.00

-1.67

64.52

106.94

24.08

-5.92

1.25

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

138

172

130

106

114

102

107

139

185

127

110

116

100

111

Operating Profit

-1

-13

-4

-1

-4

-0

-6

OPM %

-0.67%

-7.57%

2.38%

-3.61%

-1.21%

-4.13%

1.39%

0.31%

-0.10%

1.74%

3.75%

-8.59%

1.25%

Other Income

Interest

Depreciation

-9

-25

-8

-12

-9

-12

-5

-6

-5

-6

-2

-11

-2

Tax %

-0.00%

Net Profit

-9

-25

-8

-12

-9

-12

-5

-6

-5

-6

-2

-11

-2

-1

-2

-1

-0

-1

-0

Equity Capital

135

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

544

481

531

737

748

534

624

909

555

394

372

496

429

486

701

677

467

641

838

561

393

378

Operating Profit

-17

-6

—

OPM %

-3

-1

—

Other Income

Interest

Depreciation

-76

-54

-31

-21

Tax %

Net Profit

-76

-54

-31

-21

EPS

-6

-4

-2

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

-6

-4

-2

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

135

-60

-37

-15

-3

-62

-43

-95

-125

Trade Payables

141

139

142

203

219

173

261

239

129

123

170

205

227

228

244

251

205

199

212

Total Liabilities

327

422

496

577

618

575

600

558

398

372

ASSETS

193

228

218

288

273

254

242

226

207

Capital Work in Progress

101

125

175

201

231

228

213

208

113

110

Cash & Bank

Total Assets

327

422

496

577

618

575

600

558

398

372

Total Debt

147

204

205

203

207

209

178

184

182

Net Working Capital

-7

-6

-4

-51

-35

Contingent Liabilities

Book Value per Share

5.59

7.24

8.89

9.74

10.49

10.99

5.38

6.81

3.01

0.75

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

101

-10

Cash from Investing

-58

-57

-59

-58

-43

-5

-4

-1

Cash from Financing

-18

-54

-11

-37

-74

-36

-17

-16

-5

-22

-27

Free Cash Flow

-12

-41

-56

-10

OCF / Net Profit

2.22

0.63

0.42

6.56

9.41

1.77

-1.15

2.78

-0.16

0.31

Cumulative 5-Year FCF

-32

-8

116

224

211

145

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

1.52

1.73

0.65

0.86

0.79

0.46

-5.62

1.42

-3.99

-2.28

Book Value (₹)

5.59

7.24

8.89

9.74

10.49

10.99

5.38

6.81

3.01

0.75

Dividend per Share (₹)

0.00

Cash EPS (₹)

2.27

2.66

1.82

2.17

2.43

2.33

-3.79

2.59

-2.86

-1.27

PROFITABILITY

Operating Margin %

8.34%

9.99%

8.33%

4.90%

9.55%

12.40%

-2.78%

7.90%

-1.13%

0.34%

Net Margin %

3.55%

4.51%

1.65%

1.57%

1.43%

1.17%

-12.19%

2.11%

-9.75%

-7.82%

ROE %

31.58%

26.91%

8.10%

9.20%

7.82%

4.31%

-68.67%

23.27%

-81.35%

-121.53%

ROCE %

41.09%

21.56%

10.15%

12.34%

14.46%

11.68%

-13.21%

20.31%

-8.71%

-5.91%

7.05%

6.23%

1.92%

2.16%

1.79%

1.05%

-12.95%

3.32%

-11.31%

-8.01%

EFFICIENCY

Debtor Days

Inventory Days

102

105

157

129

106

104

Payable Days

133

175

151

120

160

238

167

153

181

180

-55

-68

-20

-9

-39

-66

-26

-59

-60

-61

FINANCIAL HEALTH

Debt to Equity (x)

0.53x

1.50x

1.70x

1.55x

1.43x

1.39x

2.87x

1.93x

4.51x

18.03x

Interest Coverage (x)

2.17x

2.50x

1.44x

1.43x

1.29x

1.18x

-1.24x

1.52x

-0.66x

0.96x

1.13x

1.24x

1.12x

1.06x

1.23x

0.98x

0.99x

0.76x

0.82x

GROWTH

Revenue Growth %

-1.28%

-11.62%

10.41%

38.85%

1.53%

-28.70%

16.90%

45.79%

-39.02%

-28.88%

Operating Profit Growth %

611.62%

6.89%

-13.69%

-19.12%

98.05%

-7.43%

-126.22%

514.06%

-108.71%

121.57%

Net Profit Growth %

237.60%

13.28%

-62.15%

31.21%

-7.70%

-41.52%

-1315.01%

125.24%

-381.47%

42.90%

0.00%

-381.46%

42.90%

VALUATION

P/E (x)

0.00x

P/B (x)

0.00x

4.01x

8.78x

Dividend Yield %

0.00%

0.00x

-54.06x

193.69x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.56

FIIs

0.00

0.07

Government

0.00

37.37

Indian Acrylics Ltd.

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Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

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Indian Acrylics Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI