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)
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Key metrics

Price as of 2026-10-16

Stock price
₹22.51
Market cap
1,252 Cr
Stock P/E
36.0
P/B
8.00
ROE (FY26)
21.7%
ROCE (FY26)
13.3%
Operating margin (FY26)
3.8%
Debt / equity (FY26)
1.42
OCF / EBITDA (FY26)
186.9%
OCF / EBITDA (3Y)
194.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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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

Positives
  • ✓195% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 2.9% — little room for error if costs rise.
1 more signal from the filings.Sign in free to see them all

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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales180 Cr195 Cr217 Cr202 Cr212 Cr229 Cr206 Cr260 Cr319 Cr305 Cr295 Cr204 Cr
Operating expenses (approx.)172 Cr185 Cr210 Cr199 Cr210 Cr216 Cr195 Cr245 Cr304 Cr289 Cr279 Cr187 Cr
EBITDA8 Cr10 Cr7 Cr3 Cr2 Cr13 Cr11 Cr15 Cr16 Cr17 Cr16 Cr17 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 income0.76 Cr0.65 Cr0.96 Cr0.94 Cr0.79 Cr0.41 Cr3 Cr0.21 Cr3 Cr0.58 Cr1 Cr1.00 Cr
Interest2 Cr3 Cr4 Cr4 Cr4 Cr3 Cr3 Cr4 Cr4 Cr5 Cr5 Cr5 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr4 Cr5 Cr5 Cr5 Cr
Profit before tax4 Cr5 Cr0.43 Cr-3 Cr-4 Cr7 Cr7 Cr7 Cr10 Cr7 Cr8 Cr8 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 profit4 Cr2 Cr-2 Cr-3 Cr-4 Cr8 Cr13 Cr6 Cr8 Cr6 Cr14 Cr7 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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales274 Cr76 Cr——0 Cr0.06 Cr137 Cr745 Cr849 Cr1,180 CrSign in free for the trailing twelve months
Operating expenses (approx.)293 Cr92 Cr——0.23 Cr2 Cr135 Cr718 Cr820 Cr1,116 CrSign in free for the trailing twelve months
EBITDA-19 Cr-16 Cr——-0.23 Cr-2 Cr2 Cr27 Cr30 Cr64 CrSign 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 income2 Cr0.41 Cr——0.96 Cr0.0004 Cr0.44 Cr5 Cr5 Cr5 CrSign in free for the trailing twelve months
Interest2 Cr0.04 Cr———0.0032 Cr1 Cr11 Cr14 Cr18 CrSign in free for the trailing twelve months
Depreciation48 Cr37 Cr——36 Cr28 Cr13 Cr11 Cr12 Cr18 CrSign in free for the trailing twelve months
Profit before tax-66 Cr-53 Cr——-35 Cr641 Cr-13 Cr10 Cr8 Cr32 CrSign 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 Cr641 Cr-12 Cr4 Cr14 Cr34 CrSign in free for the trailing twelve months
EPS (₹)₹-1.91₹-1.52——₹-1.00₹2807.34₹-0.22₹0.07₹0.50₹0.61Sign 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
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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital35 Cr35 Cr35 Cr35 Cr35 Cr0.23 Cr81 Cr56 Cr56 Cr56 Cr
Reserves-471 Cr-523 Cr-572 Cr-605 Cr-640 Cr35 Cr24 Cr53 Cr67 Cr101 Cr
Borrowings490 Cr125 Cr714 Cr709 Cr709 Cr—125 Cr80 Cr237 Cr222 Cr
Other liabilities287 Cr649 Cr53 Cr52 Cr52 Cr67 Cr82 Cr233 Cr140 Cr219 Cr
Total liabilities342 Cr285 Cr230 Cr191 Cr155 Cr102 Cr311 Cr421 Cr500 Cr598 Cr
Fixed assets (net)274 Cr237 Cr198 Cr161 Cr126 Cr89 Cr138 Cr219 Cr212 Cr342 Cr
CWIP—————6 Cr8 Cr3 Cr101 Cr0.87 Cr
Investments0.10 Cr0.10 Cr0.10 Cr0.10 Cr0.10 Cr—0.03 Cr0 Cr0 Cr25 Cr
Inventories18 Cr7 Cr0.60 Cr0.60 Cr0.60 Cr—74 Cr102 Cr109 Cr118 Cr
Trade receivables21 Cr23 Cr17 Cr15 Cr15 Cr0.0005 Cr23 Cr36 Cr29 Cr30 Cr
Cash & bank2 Cr0.46 Cr-0.0085 Cr0.0078 Cr0.06 Cr0.09 Cr0.20 Cr7 Cr8 Cr12 Cr
Other assets27 Cr19 Cr14 Cr14 Cr14 Cr8 Cr67 Cr54 Cr41 Cr69 Cr
Total assets342 Cr285 Cr230 Cr191 Cr155 Cr102 Cr311 Cr421 Cr500 Cr598 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity7 Cr-1 Cr—0.01 Cr0.02 Cr-5 Cr-75 Cr79 Cr37 Cr119 Cr
Cash from investing0.36 Cr0.80 Cr—4 Cr0 Cr-6 Cr-65 Cr-111 Cr-83 Cr-83 Cr
Cash from financing-6 Cr-1 Cr—-4 Cr0.03 Cr11 Cr140 Cr39 Cr47 Cr-32 Cr
Net cash flow1 Cr-1 Cr—0.02 Cr0.05 Cr0.03 Cr0.11 Cr7 Cr1.00 Cr4 Cr
Free cash flow (OCF − Capex)7 Cr-1 Cr———-11 Cr-140 Cr-14 Cr-69 Cr71 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—————1821.3%-4.9%11.2%6.1%13.3%
ROE %—————1821.3%-11.9%3.7%11.3%21.7%
Debtor days28107———36118129
Inventory days3341————176625844
Days payable1122———1117177766978
Cash conversion cycle50126———-11146041-25
OCF / EBITDA %——————n.m.288.6%124.7%186.9%
OCF / EBITDA % (3 years)———————-5.3%68.9%194.7%
Debt / equity——————1.200.741.941.42
Current ratio0.120.050.030.030.031.960.930.930.830.86
Net debt / EBITDA——————70.452.677.773.30