SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gujarat Raffia Industries Ltd (GUJRAFFIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523836 NSE: GUJRAFFIA Plastic Products | Small Cap | Guj Raffia Inds Share Price

₹41.70 0.15 (0.36%)

As on 04-Jun'26 16:59

Gujarat Raffia Industries Ltd (GUJRAFFIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523836 NSE: GUJRAFFIA Plastic Products | Small Cap | Guj Raffia Inds Share Price

₹41.70 0.15 (0.36%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹23 Cr.
Current Price
₹41.7
52-Week Low / High
₹35 / 90
TTM EPS
₹1.9
TTM Sales
₹88.6 Cr.
Book Value per Share
₹41.1
P/E Ratio
21.55
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.01
In line with its 5-year historical median
Price to Sales (P/S)
0.25
Lower than its 5-year historical median
EV/EBITDA
5.51
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.50%
Underperforms industry median
Return on Capital Employed (ROCE)
3.97%
Underperforms industry median
Return on Assets (ROA)
2.03%
Operating Profit Margin
6.1%
Net Profit Margin
1.74%
Gross Profit Margin
6.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-2.81%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
13.92%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.7%
Asset Quality
Promoter Holding
39.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17 Cr.
Equity
₹5.4 Cr.
Face Value
₹10
All Time Low / High
₹0.50 / 106.16

Gujarat Raffia Industries stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Gujarat Raffia Industries Ltd a good quality company?
Gujarat Raffia Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Gujarat Raffia Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Gujarat Raffia Industries Ltd vs industry peers?
Gujarat Raffia Industries Ltd revenue CAGR is -2.31%, compared to the industry median CAGR of 4.71%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Gujarat Raffia Industries Ltd?
Promoters hold 39.60% of the Gujarat Raffia Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Gujarat Raffia Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat Raffia Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7%8.7%8.2%7.1%3.7%7.3%6.7%7.8%4%4%-
Value Creation
Index
-0.5-0.4-0.4-0.5-0.7-0.5-0.5-0.4-0.7-0.7-

Growth Parameters

Sales 3736.538.647.633.838.83839.230.93089
Sales YoY Gr.--1.4%5.8%23.2%-29%14.9%-2.1%3.3%-21.2%-2.8%-
Adj EPS 1.61.61.71.712.21.81.10.811.9
YoY Gr.--1.3%8.9%0%-43.3%127.8%-16.7%-41.9%-28%33.8%-
BVPS (₹) 2526.528.230.431.133.335.337.238.239.241.1
Adj Net
Profit
0.80.80.90.90.51.210.60.40.61
Cash Flow from Ops. 18.43.5-0.69.1-0.8-5.97.45.27.7-
Debt/CF from Ops. 19.21.33-20.90.2-4.3-1.41.70.70.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -2.3%-2.3%-7.5%-2.8%
Adj EPS -4.7%1.2%-17.6%33.8%
BVPS5.2%4.8%3.5%2.5%
Share Price 18.3% -10.1% 12.9% 4.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.66.16.263.26.95.432.12.74.8
Op. Profit
Mgn %
9.211.18.35.35.56.65.33.85.16.13.4
Net Profit
Mgn %
2.12.12.21.91.63.12.61.51.41.91.2
Debt to
Equity
1.50.80.70.70.10.20.40.60.20.10
Working Cap
Days
18319419415919011916718116711324
Cash Conv.
Cycle
149160163124131871271311278916

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales37.0336.5138.6247.5633.7638.7937.9839.2430.9130.04
Operating Expenses + 33.6432.4635.4345.0532.2036.2235.9537.7629.3328.24
Manufacturing Costs2.872.923.203.822.844.204.984.614.043.47
Material Costs27.4526.2229.5335.5124.2127.4926.4128.8621.7721.22
Employee Cost 1.221.191.201.321.402.832.531.951.991.93
Other Costs 2.102.121.504.403.751.712.032.341.531.63
Operating Profit 3.394.053.192.511.562.572.031.481.581.80
Operating Profit Margin (%) 9.1%11.1%8.3%5.3%4.6%6.6%5.3%3.8%5.1%6.0%
Other Income + 0.730.040.010.430.510.310.562.140.890.53
Exceptional Items 0000000000
Interest 1.111.360.910.720.300.190.321.060.480.33
Depreciation 2.011.711.211.071.211.440.971.281.321.38
Profit Before Tax 11.021.071.160.551.251.301.280.670.62
Tax 0.210.240.220.230.230.060.190.250.130.10
Profit After Tax 0.790.780.850.920.331.191.121.030.540.52
PAT Margin (%) 2.1%2.1%2.2%1.9%1.0%3.1%2.9%2.6%1.7%1.7%
Adjusted EPS (₹)1.61.61.71.70.62.22.11.91.01.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Guj Raffia Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 12.4613.2514.1016.4516.7817.9719.0920.1220.6621.18
Share Capital 4.994.994.995.405.405.405.405.405.405.40
Reserves 7.478.259.1011.0511.3812.5713.6914.7115.2515.77
Debt +16.198.788.6611.561.203.068.029.672.941.86
Long Term Debt9.521.890.470.330.630.470.302.451.871.86
Short Term Debt6.676.898.1911.230.572.597.727.221.080
Minority Interest0000000000
Trade Payables1.791.921.744.552.520.892.881.270.300.13
Others Liabilities 4.239.377.934.515.152.552.804.662.142.20
Total Liabilities 34.6833.3232.4337.0725.6524.4632.8035.7226.0425.37

Fixed Assets

Net Fixed Assets +13.0111.3110.199.579.037.649.1512.1310.7511.09
Gross Block28.6128.6228.7129.1620.3520.3922.8826.9025.0926.82
Accumulated Depreciation15.6017.3118.5219.5911.3212.7613.7314.7714.3415.73
CWIP 0000000000
Investments 0.05000000025.60
Inventories10.839.658.659.506.164.408.758.836.313.06
Trade Receivables8.9810.599.7810.765.406.3710.524.403.552.17
Cash Equivalents 0.730.412.775.433.544.650.997.431.192.26
Others Assets 1.081.361.041.811.521.413.382.932.251.19
Total Assets 34.6833.3232.4337.0725.6524.4632.8035.7226.0425.37

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.958.373.47-0.569.07-0.76-5.887.385.157.70
PBT 11.021.071.160.551.251.301.030.670.62
Adjustment 3.013.032.121.731.241.351.022.321.651.61
Changes in Working Capital -2.914.610.35-3.447.28-3.36-8.24.042.835.48
Tax Paid -0.15-0.29-0.080000000
Cash Flow From Investing Activity + -0.050.08-0.08-0.40-0.610.17-2.40-4.23-1.91-5.32
Capex -0.120.04-0.08-0.45-0.66-0.04-2.49-4.260.06-1.73
Net Investments 000000.170.060-2-3.60
Others 0.070.040.010.050.050.040.030.020.030.01
Cash Flow From Financing Activity + -0.76-8.77-1.033.62-10.351.704.623.29-9.48-1.31
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0002.72000000
Interest Paid -1.11-1.36-0.91-0.72-0.30-0.19-0.32-1.06-0.48-0.33
Dividend Paid 0001.43000000
Others 0.35-7.41-0.120.18-10.041.894.944.36-9-0.98
Net Cash Flow 0.14-0.322.362.66-1.891.11-3.666.44-6.251.07

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.536.096.236.031.976.856.035.242.642.5
ROCE (%)78.78.27.143.717.346.697.84.043.97
Asset Turnover Ratio1.151.181.171.371.081.551.331.1511.17
PAT to CFO Conversion(x)1.210.734.08-0.6127.48-0.64-5.257.179.5414.81
Working Capital Days
Receivable Days68.7089.4096.3078.8087.3055.3081.2069.4046.9034.80
Inventory Days102.5093.5086.5069.6084.7049.7063.2081.7089.4056.90
Payable Days24.9025.8022.6032.3053.3022.602626.3013.203.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gujarat Raffia Industries Ltd FAQs

The current trading price of Guj Raffia Inds on 04-Jun-2026 16:59 is ₹41.70.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Guj Raffia Inds stood at ₹22.54 Cr

The latest P/E ratio of Guj Raffia Inds as of 03-Jun-2026 is 21.55.

The latest P/B ratio of Guj Raffia Inds as of 03-Jun-2026 is 1.01.

The 52-week high of Guj Raffia Inds is ₹89.95 and the 52-week low is ₹35.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Guj Raffia Inds is ₹88.56 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gujarat Raffia Industries Ltd is a below average quality company.

The key valuation ratios of Gujarat Raffia Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Raffia Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Gujarat Raffia Industries Ltd

Gujarat Raffia Industries Limited was incorporated on the July 30, 1984. The company is located in the Mehsana and Gandhinagar districts of Gujarat.

The company is engaged in the business of manufacturing and marketing HDPE woven sheets and sacks, tarpaulin, rolls, covers, and ropes. It is one of the major manufacturers of Tarpaulin and PP Bags along with subsidiary products like stitching yarn, garbage bags. The company planned its financial restructuring by reducing paid-up capital and face value of its shares, for which it received approval from the High Court of Gujarat on September 21, 2007.

Products & Services:-

  • PP bags
  • Stiching yarn
  • Tarpaulin
  • Tents
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×