Download App
Help CenterSubscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

Indo Rama Synthetics (India) Ltd (INDORAMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500207 NSE: INDORAMA Textile - Manmade Fibres | Small Cap | Indo Rama Synthetic Share Price

₹86.30 3.56 (4.30%)

As on 11-Sep'26 16:01

Indo Rama Synthetics (India) Ltd (INDORAMA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500207 NSE: INDORAMA Textile - Manmade Fibres | Small Cap | Indo Rama Synthetic Share Price

₹86.30 3.56 (4.30%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹2,160 Cr.
Current Price
₹86.3
52-Week Low / High
₹29 / 88
TTM EPS
₹6.2
TTM Sales
₹4,541 Cr.
Book Value per Share
₹22.3
P/E Ratio
13.40
Higher than its 5-year historical median
Industry PE
22.4
Price to Book (P/B)
3.71
Higher than its 5-year historical median
Price to Sales (P/S)
0.48
Higher than its 5-year historical median
EV/EBITDA
9.56
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
33.85%
Outperforms industry median
Return on Capital Employed (ROCE)
17.84%
Outperforms industry median
Return on Assets (ROA)
5.27%
Operating Profit Margin
6.8%
Net Profit Margin
3.06%
Gross Profit Margin
3.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
77.02%
Net Profit Growth (1 Year)
-
10629.29%
Asset Quality
Promoter Holding
74.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹322 Cr.
Equity
₹261.1 Cr.
Face Value
₹10
All Time Low / High
₹4.55 / 116.67

Indo Rama Synthetics (India) stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Strong
Check Price chart
Q.1 Is Indo Rama Synthetics (India) Ltd a good quality company?
Indo Rama Synthetics (India) Ltd is a weak quality company, based on a inconsistent 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.

View More

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.

View More
How does Indo Rama Synthetics (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indo Rama Synthetics (India) Ltd vs industry peers?
Indo Rama Synthetics (India) Ltd revenue CAGR is 17.44%, compared to the industry median CAGR of 2.4%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Indo Rama Synthetics (India) Ltd?
Promoters hold 74.84% of the Indo Rama Synthetics (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indo Rama Synthetics (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 10.3% based on the current price.
View More

10 Year X-Ray :

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.
Indo Rama Synthetics (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ-5.4%-3.8%-36.3%-11.6%9.8%34.9%3.7%-2.6%10.7%15.7%-
Value Creation
Index ⓘ		-1.4-1.3-3.6-1.8-0.31.5-0.7-1.2-0.20.1-

Growth Parameters ⓘ
Sales ⓘ2,4682,2561,6952,1082,0233,9013,9063,7073,9574,5194,152
Sales YoY Gr.--8.6%-24.9%24.4%-4%92.9%0.1%-5.1%6.8%14.2%-
Adj EPS ⓘ-7.1-5.1-15.2-124.610.2-0.7-5.30.85.24.3
YoY Gr.-NANANANA121.6%-106.5%NANA568%-
BVPS (₹) ⓘ33.127.613.58.512.82322.116.617.421.622.9
Adj Net
Profit ⓘ		-107-77.4-270-314120265-17.3-13920.4136111
Cash Flow from Ops. ⓘ39.228.1-211-118181198-65.8-16533645.9-
Debt/CF from Ops. ⓘ7.813.1-2.7-42.11.5-10.1-6.12.620.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7%17.4%5%14.2%
Adj EPS ⓘNA2.6%NA568%
BVPSⓘ-4.6%11.1%-0.8%24.4%
Share Price 10.3% 9.5% 19% 59.8%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		-19.4-16.8-81.8-135.643.257-3-27.54.626.819.2
Op. Profit
Mgn % ⓘ		-3.31.2-5.7-1.54.17.40.9-0.43.75.76.5
Net Profit
Mgn % ⓘ		-4.4-3.4-16-14.95.96.8-0.4-3.80.532.7
Debt to
Equity ⓘ		0.60.92.42.11.10.51.22.31.91.7-
Working Cap
Days ⓘ		101981241151368610112112312061
Cash Conv.
Cycle ⓘ		-50-66-75-46-62-39-32-35-34-47-18

Valuation of Indo Rama Synthetic - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,7612,5362,4682,1082,0434,0384,0853,8734,2594,910
Operating Expenses ⓘ + 2,7082,5532,5482,1411,9603,7504,0573,9234,0914,613
Manufacturing Costs290272309300293440539440472530
Material Costs2,1571,9701,9471,6041,4382,9683,2243,2023,3563,767
Employee Cost 921061059090108114126118125
Other Costs ⓘ 169205188148140235179155144191
Operating Profit ⓘ 54-17-80-348328828-49168297
Operating Profit Margin (%) 1.9%-0.7%-3.3%-1.6%4.0%7.1%0.7%-1.3%3.9%6.1%
Other Income ⓘ + 788412132322438173934
Exceptional Items ⓘ -6-31-50-120000-3
Interest ⓘ 43549192666260132157130
Depreciation ⓘ 117787986343131394848
Profit Before Tax ⓘ -34-96-134-1803219-25-2031150
Tax ⓘ -12-132-54136-110-50-0000
Profit After Tax -2236-80-317113269-25-2031150
PAT Margin (%) -0.8%1.4%-3.3%-15.0%5.6%6.7%-0.6%-5.3%0.0%3.1%
Adjusted EPS (₹)-1.42.5-5.4-12.14.310.3-0.9-7.80.15.8
Dividend Payout Ratio (%)-73.40%40.40%0%0%0%0%0%0%0%0%
PARTICULARSMar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 548602502222333600573368368519
Share Capital ⓘ 152152152261261261261261261261
Reserves ⓘ 397450350-3972339312107107258
Debt +4482762493993042238051,043851993
Long Term Debt2439981307233173560365358445
Short Term Debt205178168937150245678493549
Minority Interest0000000000
Trade Payables5437357045528711,0241,1081,0561,3081,451
Others Liabilities ⓘ 45442220630644411022319222
Total Liabilities ⓘ 1,9922,0351,6601,4801,5521,8882,4962,6902,7192,985

Fixed Assets

Net Fixed Assets ⓘ +1,1349358987036917027831,2171,2641,232
Gross Block3,4371,0091,0511,1071,1281,1701,2571,7251,8011,817
Accumulated Depreciation2,30374153404437468474508537585
CWIP ⓘ 6171179353241053642
Investments ⓘ 16110000000
Inventories273257195251403543644591594667
Trade Receivables12019813391105183162165166243
Cash Equivalents 5683702391261293018
Others Assets ⓘ 387545352404335413521583628783
Total Assets ⓘ 1,9922,0351,6601,4801,5521,8882,4962,6902,7192,985
PARTICULARSMar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 22112739-119182200-81-97391134
PBT ⓘ -35-96-134-1803219-25-2031150
Adjustment ⓘ 16594107155929471171184166
Changes in Working Capital ⓘ 9313067-9472-116-123-62207-182
Tax Paid ⓘ -1-1-01153-4-2-10
Cash Flow From Investing Activity ⓘ + -3-335340-18-75-348-258-36-14
Capex -2-43-77-11-26-80-360-260-39-23
Net Investments -13-4512435-00000
Others ⓘ 125511874512229
Cash Flow From Financing Activity ⓘ + -208-111-9387-174-123479322-354-127
Net Proceeds from Shares ⓘ 000299000000
Net Proceeds from Borrowing ⓘ -100-30-296-72-3534918-6-50
Interest Paid ⓘ -50-35-63-102-74-60-60-126-161-131
Dividend Paid ⓘ -15-15-15-0-0-0-0000
Others ⓘ -43-30-13-206-28-28190431-18753
Net Cash Flow ⓘ 10-17-18-9250-321-7
PARTICULARSMar'15Mar'16Mar'17Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-3.976.28-14.55-87.4840.8457.65-4.19-43.250.3833.85
ROCE (%)0.81-4.29-4.98-11.739.8734.462.95-4.69.9817.84
Asset Turnover Ratio1.451.381.461.391.412.452.071.671.781.92
PAT to CFO Conversion(x)N/A3.53N/AN/A1.610.74N/AN/A3910.89
Working Capital Days
Receivable Days14.2020.8022.4018.8016.8012.5013.9013.8012.6013.60
Inventory Days34.3034.7030.5037.2055.804147.70524541.90
Payable Days65.30103.20134.90142.90180.60116.50120.70123.30128.50133.70

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Rama Synthetics (India) Ltd FAQs

The current trading price of Indo Rama Synthetic on 11-Sep-2026 16:01 is ₹86.30.

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 10-Sep-2026 the market cap of Indo Rama Synthetic stood at ₹2,160.5 Cr

The latest P/E ratio of Indo Rama Synthetic as of 10-Sep-2026 is 19.38.

The latest P/B ratio of Indo Rama Synthetic as of 10-Sep-2026 is 3.62.

The 52-week high of Indo Rama Synthetic is ₹88.05 and the 52-week low is ₹28.70.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Rama Synthetic is ₹4,152 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Rama Synthetics (India) Ltd is a average quality company.

The key valuation ratios of Indo Rama Synthetics (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indo Rama Synthetics (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Indo Rama Synthetics (India) Ltd

The history of Indo Rama Synthetics (India) Ltd. dates back to 1989, when it first forayed into the business of polyesters. Believing that polyester was going to be the fibre of the future, the commitment and perseverance over the years by the company has today resulted in an undisputed leadership position for it in the Indian polyester arena. A leading manufacturer and supplier in the country's fast growing polyester sector since the last two decades, Indo Rama has emerged as India's second largest dedicated polyester manufacturer having carved a niche in the market place for its unmatched quality offerings.

Equipped with a state-of-art integrated manufacturing complex at Butibori near Nagpur in Maharashtra, Indo Rama also has several technical collaborations with various technology leaders in Japan, Germany and USA. A customer focused organization, Indo Rama stands for high quality standards and innovative business practices.

Driven by the passion to seek new challenges, Indo Rama has recently forayed into the power sector. Indo Rama's 82.5 MW installed capacity comprises 52.5 MW (3x13.5 MW + 3x4 MW) of diesel generating (DG) sets and 40 MW of co-gen captive facility based on coal, giving 30 MW electricity. The company's combined power generation capabilities are integrated into a common power supply pool, from which required amount of power is fed for internal use and the surplus is sold to external agencies.

The Indo Rama Group has a strong presence in Indonesia, Thailand, USA, Nepal and Sri Lanka, besides India. It has focussed business activities in the field of Textiles, Polyesters and Industrial Chemicals. Forbes magazine has recognized the Group - Indo Rama Synthetics (India) and associate companies based in South-East Asia - as one of the '100 Best Small Companies in the Emerging Markets'.

Product range of the company includes:

  • Polyester Staple Fibre (PSF)
  • Partially Oriented Yarn (POY)
  • Draw Texturised Yarn (DTY)
  • Fully Drawn Yarn (FDY)
  • Polyester Chips

Awards and achievement:

  • 2008-09- First prize in National energy conservation award -2008 by Ministry of Power, Government of India
  • Second prize in over all export performance award by SRTEPC
  • 2007-08 -National Award for Excellence in water management 2007 by CII
  • Second prize in National energy conservation award in the petrochemicals sector by Ministry of Power, Govt. of India
  •  2006-07-“Best export performance” for exports to focus African countries in Gold category by SRTEPC
  • National Award in Excellence in water management 2006 by CII
  • Leadership & excellence award in safety, health & environment by CII
  • 2005-06- “Best export performance” for exports to ‘Focus Lac’ countries in Gold category by SRTEPC
  • Man-made fibre yarn blended with natural fibre, State level energy conservation by SRTEPC
  • Leadership & excellence award in safety, health & environment by CII  2004-05
  • State level energy conservation award by MEDA, Pune
  • National Award in Excellence in water management 2004-05 by CII
  • Corporate excellence award in Sourcing excellence by IIMM-Ariba Inc
  • Udyog Ratna Award - O.P. Lohia, CMD in Outstanding contribution to the State of Madhya Pradesh by Govt. of Madhya Pradesh  2003-04
  • Special award in silver category by SRTEPC
  • National award for Excellence in water management 2003-05 by CII
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Viscose spun yarn in gold category by SRTEPC 2002-03
  • Special award in silver category by SRTEPC
  • National award in Excellence in water management 2003-05 by CII
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC 2001-02
  • Special award in silver category by SRTEPC
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC  1999-2000
  • Special award in silver category by SRTEPC
  • Polyester spun yarn in gold category by SRTEPC
  • Man-made fibre yarn blended with natural yarn in gold category by SRTEPC
  • Man-made fibre yarn blended with natural fibre in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC1998-99
  • Man-made fibre yarn blended with natural yarn in gold category by SRTEPC
  • Non-traditional markets in gold category by SRTEPC 1997-98
  • Special award in gold category by SRTEPC
  • Man-made staple fibre in gold category by SRTEPC
  • Polyester filament yarn in gold category by SRTEPC
  • Man-made blended fibre yarn in gold category by SRTEPC 1996-97
  • Special award in gold category by SRTEPC
  • Man-made staple fibre in gold category by SRTEPC 1995-96
  • Polyester-cotton blended yarn in gold category by SRTEPC 1994-95
  • Special award in gold category by SRTEPC
  • Viscose spun yarn in Gold category by SRTEPC 
  • Polyester-cotton blended yarn in gold category by SRTEPC1993-94
  • Polyester-cotton blended yarn in gold category by SRTEPC 1990-91
  • Viscose spun yarn in Gold category by SRTEPC   1989-90
  • Viscose spun yarn in Gold category by SRTEPC 

Certifications:

  • ISO 9001:2000,
  • ISO 14001:2004
  • OSHAS 18001
You have 36 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now