RAJRILTD
Raj Rayon Industries Limited
Polyester yarns including POY, DTY and specialty yarns for automotive and apparel markets
Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products
rajrayon.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
RRIL (Raj Rayon Industries) makes polyester yarns (POY, DTY and polyester chips) at an integrated plant in Silvassa and sells them to 3,500+ customers.
Company snapshot
24thBy market cap
Ranked among 100 companies in Other Textile Products.
What we see
- ✓195% of operating profit came in as cash over the last three years — profits are backed by real cash.
- ✗Net margin is very thin at 2.9% — little room for error if costs rise.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Standalone only
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 180 Cr | 195 Cr | 217 Cr | 202 Cr | 212 Cr | 229 Cr | 206 Cr | 260 Cr | 319 Cr | 305 Cr | 295 Cr | 204 Cr |
| Operating expenses (approx.) | 172 Cr | 185 Cr | 210 Cr | 199 Cr | 210 Cr | 216 Cr | 195 Cr | 245 Cr | 304 Cr | 289 Cr | 279 Cr | 187 Cr |
| EBITDA | 8 Cr | 10 Cr | 7 Cr | 3 Cr | 2 Cr | 13 Cr | 11 Cr | 15 Cr | 16 Cr | 17 Cr | 16 Cr | 17 Cr |
| OPM % | 4.4% | 5.2% | 3.2% | 1.6% | 1.0% | 5.9% | 5.2% | 5.9% | 4.9% | 5.4% | 5.5% | 8.4% |
| Other income | 0.76 Cr | 0.65 Cr | 0.96 Cr | 0.94 Cr | 0.79 Cr | 0.41 Cr | 3 Cr | 0.21 Cr | 3 Cr | 0.58 Cr | 1 Cr | 1.00 Cr |
| Interest | 2 Cr | 3 Cr | 4 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr |
| Depreciation | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr |
| Profit before tax | 4 Cr | 5 Cr | 0.43 Cr | -3 Cr | -4 Cr | 7 Cr | 7 Cr | 7 Cr | 10 Cr | 7 Cr | 8 Cr | 8 Cr |
| Tax % | -1.0% | 62.4% | 601.7% | -38.8% | -6.3% | -10.7% | -80.2% | 18.4% | 19.2% | 20.6% | -85.7% | 15.0% |
| Net profit | 4 Cr | 2 Cr | -2 Cr | -3 Cr | -4 Cr | 8 Cr | 13 Cr | 6 Cr | 8 Cr | 6 Cr | 14 Cr | 7 Cr |
| EPS (₹) | ₹0.07 | ₹0.04 | ₹-0.04 | ₹-0.06 | ₹-0.16 | ₹0.30 | ₹0.24 | ₹0.11 | ₹0.14 | ₹0.11 | ₹0.25 | ₹0.12 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 274 Cr | 76 Cr | — | — | 0 Cr | 0.06 Cr | 137 Cr | 745 Cr | 849 Cr | 1,180 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 293 Cr | 92 Cr | — | — | 0.23 Cr | 2 Cr | 135 Cr | 718 Cr | 820 Cr | 1,116 Cr | Sign in free for the trailing twelve months |
| EBITDA | -19 Cr | -16 Cr | — | — | -0.23 Cr | -2 Cr | 2 Cr | 27 Cr | 30 Cr | 64 Cr | Sign in free for the trailing twelve months |
| OPM % | -6.8% | -21.1% | — | — | — | -4301.3% | 1.3% | 3.7% | 3.5% | 5.4% | Sign in free for the trailing twelve months |
| Other income | 2 Cr | 0.41 Cr | — | — | 0.96 Cr | 0.0004 Cr | 0.44 Cr | 5 Cr | 5 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Interest | 2 Cr | 0.04 Cr | — | — | — | 0.0032 Cr | 1 Cr | 11 Cr | 14 Cr | 18 Cr | Sign in free for the trailing twelve months |
| Depreciation | 48 Cr | 37 Cr | — | — | 36 Cr | 28 Cr | 13 Cr | 11 Cr | 12 Cr | 18 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -66 Cr | -53 Cr | — | — | -35 Cr | 641 Cr | -13 Cr | 10 Cr | 8 Cr | 32 Cr | Sign in free for the trailing twelve months |
| Tax % | -0.0% | -0.0% | — | — | — | 0.0% | 1.3% | 59.3% | -67.1% | -5.2% | Sign in free for the trailing twelve months |
| Net profit | -66 Cr | -53 Cr | — | — | -35 Cr | 641 Cr | -12 Cr | 4 Cr | 14 Cr | 34 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-1.91 | ₹-1.52 | — | — | ₹-1.00 | ₹2807.34 | ₹-0.22 | ₹0.07 | ₹0.50 | ₹0.61 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 35 Cr | 35 Cr | 35 Cr | 35 Cr | 35 Cr | 0.23 Cr | 81 Cr | 56 Cr | 56 Cr | 56 Cr |
| Reserves | -471 Cr | -523 Cr | -572 Cr | -605 Cr | -640 Cr | 35 Cr | 24 Cr | 53 Cr | 67 Cr | 101 Cr |
| Borrowings | 490 Cr | 125 Cr | 714 Cr | 709 Cr | 709 Cr | — | 125 Cr | 80 Cr | 237 Cr | 222 Cr |
| Other liabilities | 287 Cr | 649 Cr | 53 Cr | 52 Cr | 52 Cr | 67 Cr | 82 Cr | 233 Cr | 140 Cr | 219 Cr |
| Total liabilities | 342 Cr | 285 Cr | 230 Cr | 191 Cr | 155 Cr | 102 Cr | 311 Cr | 421 Cr | 500 Cr | 598 Cr |
| Fixed assets (net) | 274 Cr | 237 Cr | 198 Cr | 161 Cr | 126 Cr | 89 Cr | 138 Cr | 219 Cr | 212 Cr | 342 Cr |
| CWIP | — | — | — | — | — | 6 Cr | 8 Cr | 3 Cr | 101 Cr | 0.87 Cr |
| Investments | 0.10 Cr | 0.10 Cr | 0.10 Cr | 0.10 Cr | 0.10 Cr | — | 0.03 Cr | 0 Cr | 0 Cr | 25 Cr |
| Inventories | 18 Cr | 7 Cr | 0.60 Cr | 0.60 Cr | 0.60 Cr | — | 74 Cr | 102 Cr | 109 Cr | 118 Cr |
| Trade receivables | 21 Cr | 23 Cr | 17 Cr | 15 Cr | 15 Cr | 0.0005 Cr | 23 Cr | 36 Cr | 29 Cr | 30 Cr |
| Cash & bank | 2 Cr | 0.46 Cr | -0.0085 Cr | 0.0078 Cr | 0.06 Cr | 0.09 Cr | 0.20 Cr | 7 Cr | 8 Cr | 12 Cr |
| Other assets | 27 Cr | 19 Cr | 14 Cr | 14 Cr | 14 Cr | 8 Cr | 67 Cr | 54 Cr | 41 Cr | 69 Cr |
| Total assets | 342 Cr | 285 Cr | 230 Cr | 191 Cr | 155 Cr | 102 Cr | 311 Cr | 421 Cr | 500 Cr | 598 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 7 Cr | -1 Cr | — | 0.01 Cr | 0.02 Cr | -5 Cr | -75 Cr | 79 Cr | 37 Cr | 119 Cr |
| Cash from investing | 0.36 Cr | 0.80 Cr | — | 4 Cr | 0 Cr | -6 Cr | -65 Cr | -111 Cr | -83 Cr | -83 Cr |
| Cash from financing | -6 Cr | -1 Cr | — | -4 Cr | 0.03 Cr | 11 Cr | 140 Cr | 39 Cr | 47 Cr | -32 Cr |
| Net cash flow | 1 Cr | -1 Cr | — | 0.02 Cr | 0.05 Cr | 0.03 Cr | 0.11 Cr | 7 Cr | 1.00 Cr | 4 Cr |
| Free cash flow (OCF − Capex) | 7 Cr | -1 Cr | — | — | — | -11 Cr | -140 Cr | -14 Cr | -69 Cr | 71 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | — | — | — | — | 1821.3% | -4.9% | 11.2% | 6.1% | 13.3% |
| ROE % | — | — | — | — | — | 1821.3% | -11.9% | 3.7% | 11.3% | 21.7% |
| Debtor days | 28 | 107 | — | — | — | 3 | 61 | 18 | 12 | 9 |
| Inventory days | 33 | 41 | — | — | — | — | 176 | 62 | 58 | 44 |
| Days payable | 11 | 22 | — | — | — | 1117 | 177 | 76 | 69 | 78 |
| Cash conversion cycle | 50 | 126 | — | — | — | -1114 | 60 | 4 | 1 | -25 |
| OCF / EBITDA % | — | — | — | — | — | — | n.m. | 288.6% | 124.7% | 186.9% |
| OCF / EBITDA % (3 years) | — | — | — | — | — | — | — | -5.3% | 68.9% | 194.7% |
| Debt / equity | — | — | — | — | — | — | 1.20 | 0.74 | 1.94 | 1.42 |
| Current ratio | 0.12 | 0.05 | 0.03 | 0.03 | 0.03 | 1.96 | 0.93 | 0.93 | 0.83 | 0.86 |
| Net debt / EBITDA | — | — | — | — | — | — | 70.45 | 2.67 | 7.77 | 3.30 |