Indo Rama Synthetics (India) Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Polyster: 99.9% • Renewable Energy: 0.1%
AI Sector View
AI GENERATEDTextiles
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.
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
| 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 | — |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - 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 - Indo Rama Synthetics (India) Limited has informed the Exchange regarding 'Disclosure under Reg 7(2) of SEBI(PIT) Regulations, 2015'.
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 - 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 - 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 - 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 - Indo Rama Synthetics (India) Limited has informed the Exchange about Book Closure for the purpose of Annual General Meeting
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
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account