Indo Rama Synthetics (India) Ltd.

•

indoramaindia.comBSE: 500207NSE: INDORAMA

Market Cap₹ 2,261 Cr.

Current Price

High / Low₹ 90 / 29

Stock P/E14.0

Book Value₹ 22

Price to Book1.51

Dividend Yield0.00 %

ROCE17.8 %

ROE33.9 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Polyster: 99.9% • Renewable Energy: 0.1%

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

Company has delivered good sales growth of 19.2% CAGR over last 5 years
Operating margins have improved to 5.4% from 1.5%
Company generates healthy free cash flow
Company converts assets efficiently - asset turnover of 1.9x

CONS

Company has a high debt-to-equity of 2.18x
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of -3.0% over last 3 years
Recent results are weak - TTM profit is down 22.4% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -8.26x)
Company has a low return on capital employed of 7.7%

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

Peer comparison

TextilesTextileTextile - Manmade Fibres

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

S.No.	Name
1.	GANECOS	1014.75	48.13	2719.12	0.34	29.04	169.99	423.67	25.67	5.42	14.09
2.	INDORAMA	86.59	14.03	2260.98	0.00	63.74	20.83	936.64	-28.27	17.84	10.84
3.	SUNRAKSHAK	377.50	26.91	1170.50	0.00	15.04	130.71	276.33	120.64	22.15	8.18
4.	SARLAPOLY	101.10	414.74	803.78	1.98	37.28	66.90	113.26	10.62	-0.93	24.27
5.	BANSWRAS	112.85	10.39	386.31	0.89	4.61	436.89	315.83	3.22	8.15	7.31
6.	PARASPETRO	2.15	0.00	71.86	0.00	0.13	-33.50	0.00	—	0.46	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	770	1,259	940	904	944	951	1,166	1,198	1,306	1,221	1,182	1,202	937
	795	1,229	997	895	915	948	1,102	1,116	1,215	1,152	1,132	1,099	876
Operating Profit	-26	30	-56	10	29	3	63	82	91	68	50	102	60
OPM %	-3.32%	2.42%	-6.01%	1.06%	3.10%	0.32%	5.43%	6.86%	6.96%	5.60%	4.27%	8.52%	6.43%
	2	1	4	1	1	3	2	23	3	2	6	5	4
Interest	24	31	37	41	38	38	40	42	29	34	36	32	29
Depreciation	8	10	10	11	12	12	13	12	12	12	12	12	12
Profit before Tax	-55	-9	-99	-40	-19	-44	14	51	53	25	9	64	64
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	0	0	0	0	-19	-44	14	51	53	25	9	64	64
	-2.11	-0.34	-3.79	-1.55	-0.73	-1.69	0.53	1.96	2.02	0.94	0.34	2.46	2.44

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,761	2,536	2,468	2,108	2,043	4,038	4,085	3,873	4,259	4,910	4,541
	2,708	2,553	2,548	2,141	1,960	3,750	4,057	3,923	4,091	4,613	4,260
Operating Profit	54	-17	-80	-34	83	288	28	-49	168	297	281
OPM %	1.94%	-0.69%	-3.26%	-1.61%	4.04%	7.14%	0.69%	-1.28%	3.95%	6.06%	6.20%
	73	53	117	32	21	24	38	17	39	31	17
Interest	43	54	91	92	66	62	60	132	157	130	131
Depreciation	117	78	79	86	34	31	31	39	48	48	48
Profit before Tax	-34	-96	-134	-180	3	219	-25	-203	1	150	161
Tax %	36.49%	137.12%	40.21%	-75.43%	-3244.54%	-22.61%	0.65%	-0.00%	0.00%	0.00%	0.00%
Net Profit	-22	36	-80	-317	113	269	-25	-203	1	150	161
EPS	-1.36	2.35	-5.29	-12.14	4.34	10.30	-0.94	-7.79	0.05	5.75	—
Dividend Payout %	-73.38%	40.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 19%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 6%
3 Years:: —

STOCK PRICE CAGR

10 Years:: 10%
5 Years:: 9%
3 Years:: 22%
1 Year:: 60%

RETURN ON EQUITY

10 Years:: -1%
5 Years:: 9%
3 Years:: -3%
Last Year:: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	152	152	152	261	261	261	261	261	261	261
	397	450	350	-39	72	339	312	107	107	258
	518	321	307	488	394	353	888	1,063	859	1,000
Trade Payables	543	735	704	552	871	1,024	1,108	1,056	1,308	1,451
	383	377	147	217	-46	-89	-73	203	183	16
Total Liabilities	1,992	2,035	1,660	1,480	1,552	1,888	2,496	2,690	2,719	2,985
	1,134	935	898	703	691	702	783	1,217	1,264	1,232
Capital Work in Progress	6	16	11	7	9	35	324	105	36	42
	16	1	1	0	0	0	0	0	0	0
	273	257	195	251	403	543	644	591	594	667
	0	0	0	0	0	0	0	165	166	243
Cash & Bank	56	83	70	23	9	12	61	29	30	18
	507	743	485	496	440	596	683	583	628	783
Total Assets	1,992	2,035	1,660	1,480	1,552	1,888	2,496	2,690	2,719	2,985

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	222	128	39	-120	167	197	-77	-97	391	134
Cash from Investing	-3	-33	53	40	-18	-75	-348	-258	-36	-14
Cash from Financing	-208	-111	-93	87	-174	-123	479	322	-354	-127
	10	-17	-1	8	-9	2	50	-32	1	-7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.84	74.84	74.84	74.84	74.84	74.84	74.84	74.84	74.84
	0.00	0.01	0.00	0.01	0.50	0.37	0.22	0.24	0.13
	2.89	2.57	2.56	2.56	0.92	0.92	0.92	0.92	0.92
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	22.27	22.57	22.59	22.59	23.74	23.86	24.02	23.99	24.11

Documents

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

2026-09-10

Price movement

2026-09-10 - Significant movement in price has been observed in Indo Rama Synthetics (India) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Indo Rama Synthetics (India) Limited has submitted their response.

2026-09-10

Price movement

2026-09-10 - Significant movement in price has been observed in Indo Rama Synthetics (India) Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-10

Updates

2026-09-10 - Indo Rama Synthetics (India) Limited has informed the Exchange regarding 'Disclosure under Reg 7(2) of SEBI(PIT) Regulations, 2015'.

2026-09-10

Shareholders meeting

2026-09-10 - Indo Rama Synthetics (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 08, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-08

Shareholders meeting

2026-09-08 - Indo Rama Synthetics (India) Limited has informed the Exchange regarding Proceedings of 40th Annual General Meeting held on September 08, 2026 at 11.30 a.m.

2026-08-18

Copy of Newspaper Publication

2026-08-18 - Indo Rama Synthetics (India) Limited has informed the Exchange about Copy of Newspaper Publication in respect of dispatch of Notice of 40th AGM along with Annual Report 2025-26.

2026-08-12

Copy of Newspaper Publication

2026-08-12 - Indo Rama Synthetics (India) Limited has informed the Exchange about Copy of Newspaper Publication in respect of holding 40th AGM of the Company through VC/OAVM.

2026-08-11

General Updates

2026-08-11 - Indo Rama Synthetics (India) Limited has informed the Exchange about Book Closure for the purpose of Annual General Meeting

2026-08-11

Record Date

2026-08-11 - Indo Rama Synthetics (India) Limited has informed the Exchange that Record date for the purpose of Annual General Meeting is 01-Sep-2026.

News

Recent coverage and analyst commentary for INDORAMA

Loading news…

🤖

AI Stock Analyst

Indo Rama Synthetics (India) Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

GANECOS

1014.75

48.13

2719.12

0.34

29.04

169.99

423.67

25.67

5.42

14.09

INDORAMA

86.59

14.03

2260.98

0.00

63.74

20.83

936.64

-28.27

17.84

10.84

SUNRAKSHAK

377.50

26.91

1170.50

0.00

15.04

130.71

276.33

120.64

22.15

8.18

SARLAPOLY

101.10

414.74

803.78

1.98

37.28

66.90

113.26

10.62

-0.93

24.27

BANSWRAS

112.85

10.39

386.31

0.89

4.61

436.89

315.83

3.22

8.15

7.31

PARASPETRO

2.15

0.00

71.86

0.00

0.13

-33.50

0.00

—

0.46

—

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

770

1,259

940

904

944

951

1,166

1,198

1,306

1,221

1,182

1,202

937

795

1,229

997

895

915

948

1,102

1,116

1,215

1,152

1,132

1,099

876

Operating Profit

-26

-56

102

OPM %

-3.32%

2.42%

-6.01%

1.06%

3.10%

0.32%

5.43%

6.86%

6.96%

5.60%

4.27%

8.52%

6.43%

Interest

Depreciation

Profit before Tax

-55

-9

-99

-40

-19

-44

Tax %

-0.00%

0.00%

Net Profit

-19

-44

-2.11

-0.34

-3.79

-1.55

-0.73

-1.69

0.53

1.96

2.02

0.94

0.34

2.46

2.44

Mar 2015

Mar 2016

Mar 2017

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,761

2,536

2,468

2,108

2,043

4,038

4,085

3,873

4,259

4,910

4,541

2,708

2,553

2,548

2,141

1,960

3,750

4,057

3,923

4,091

4,613

4,260

Operating Profit

-17

-80

-34

288

-49

168

297

281

OPM %

1.94%

-0.69%

-3.26%

-1.61%

4.04%

7.14%

0.69%

-1.28%

3.95%

6.06%

6.20%

117

Interest

132

157

130

131

Depreciation

117

Profit before Tax

-34

-96

-134

-180

219

-25

-203

150

161

Tax %

36.49%

137.12%

40.21%

-75.43%

-3244.54%

-22.61%

0.65%

-0.00%

0.00%

Net Profit

-22

-80

-317

113

269

-25

-203

150

161

EPS

-1.36

2.35

-5.29

-12.14

4.34

10.30

-0.94

-7.79

0.05

5.75

—

Dividend Payout %

-73.38%

40.40%

0.00%

—

Mar 2015

Mar 2016

Mar 2017

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

152

261

397

450

350

-39

339

312

107

258

518

321

307

488

394

353

888

1,063

859

1,000

Trade Payables

543

735

704

552

871

1,024

1,108

1,056

1,308

1,451

383

377

147

217

-46

-89

-73

203

183

Total Liabilities

1,992

2,035

1,660

1,480

1,552

1,888

2,496

2,690

2,719

2,985

1,134

935

898

703

691

702

783

1,217

1,264

1,232

Capital Work in Progress

324

105

273

257

195

251

403

543

644

591

594

667

165

166

243

Cash & Bank

507

743

485

496

440

596

683

583

628

783

Total Assets

1,992

2,035

1,660

1,480

1,552

1,888

2,496

2,690

2,719

2,985

Mar 2015

Mar 2016

Mar 2017

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

222

128

-120

167

197

-77

-97

391

134

Cash from Investing

-3

-33

-18

-75

-348

-258

-36

-14

Cash from Financing

-208

-111

-93

-174

-123

479

322

-354

-127

-17

-1

-9

-32

-7

Mar 2015

Mar 2016

Mar 2017

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.84

0.00

0.01

0.00

0.01

0.50

0.37

0.22

0.24

0.13

2.89

2.57

2.56

0.92

Government

0.00

22.27

22.57

22.59

23.74

23.86

24.02

23.99

24.11

Indo Rama Synthetics (India) 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

Indo Rama Synthetics (India) 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