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Indian Acrylics Ltd (INDIANACRY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514165 NSE: INDIANACRY Textile - Spinning | Small Cap | Indian Acrylics Share Price

₹5.65 -0.26 (-4.40%)

As on 25-Jun'26 16:59

Indian Acrylics Ltd (INDIANACRY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514165 NSE: INDIANACRY Textile - Spinning | Small Cap | Indian Acrylics Share Price

₹5.65 -0.26 (-4.40%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹76 Cr.
Current Price
₹5.7
52-Week Low / High
₹4 / 9
TTM EPS
₹-1.8
TTM Sales
₹352 Cr.
Book Value per Share
₹-1
P/E Ratio
0.00
Industry PE
22.8
Price to Book (P/B)
-5.47
Lower than its 5-year historical median
Price to Sales (P/S)
0.22
Lower than its 5-year historical median
EV/EBITDA
66.06
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-121.53%
In line with industry median
Return on Capital Employed (ROCE)
-5.91%
Underperforms industry median
Return on Assets (ROA)
-8.01%
Operating Profit Margin
0.4%
Net Profit Margin
-7.82%
Gross Profit Margin
-4.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-28.88%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
62.56%
Pledged shares (%) of Promoter's holding (%)
26.36%
Reserves
₹-149 Cr.
Equity
₹135.3 Cr.
Face Value
₹10
All Time Low / High
₹0.90 / 45.00

Indian Acrylics stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Indian Acrylics Ltd a good quality company?
Indian Acrylics 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 Indian Acrylics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indian Acrylics Ltd vs industry peers?
Indian Acrylics Ltd revenue CAGR is -12.03%, compared to the industry median CAGR of 1.47%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Indian Acrylics Ltd?
Promoters hold 62.56% of the Indian Acrylics Ltd, with 26.36% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Indian Acrylics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.1% based on the current price.

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.
Indian Acrylics 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 41.1%21.6%10.2%12.3%14.5%11.7%-13.2%20.3%-8.7%-5.9%-
Value Creation
Index
1.90.5-0.3-0.10.0-0.2-1.90.5-1.6-1.4-

Growth Parameters

Sales 544481531737748534624910555394352
Sales YoY Gr.--11.6%10.4%38.9%1.5%-28.7%16.9%45.8%-39%-28.9%-
Adj EPS 1.51.70.7-0.30.80.5-5.61.4-4-2.3-1.8
YoY Gr.-13.8%-62.4%-147.7%NA-41.8%-1321.7%NA-381%NA-
BVPS (₹) 5.67.28.99.810.5115.46.830.8-1
Adj Net
Profit
20.623.58.8-4.210.76.3-76.119.2-54.1-30.6-24
Cash Flow from Ops. 45.714.73.776.110111.187.453.58.6-9.5-
Debt/CF from Ops. 0.91054.92.7218.72.43.321.3-19.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -3.5%-12%-14.2%-28.9%
Adj EPS -204.5%-223.4%NANA
BVPS-20%-41%-48.2%-75.1%
Share Price -8.3% -15.6% -28.3% -31.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
31.6278.1-3.37.84.3-68.723.3-81.4-120.71271.4
Op. Profit
Mgn %
8.910.88.44.99.612.4-2.87.9-1.10.4-0.4
Net Profit
Mgn %
3.84.91.7-0.61.41.2-12.22.1-9.8-7.8-6.9
Debt to
Equity
0.51.51.71.61.41.42.91.94.518-
Working Cap
Days
9312515313314520216811314514782
Cash Conv.
Cycle
-25-7321816298-12-41-3

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales544.14480.90530.96737.22748.47533.63623.83909.50554.58394.43
Operating Expenses + 495.77429.20486.33701.12676.99467.46641.19837.65560.83393.08
Manufacturing Costs77.4876.9580.0394.88104.4789.8385.79132.80105.3075.90
Material Costs371.52291.24339.04523.97481.36300.93473.51595.32371.12255.18
Employee Cost 24.0936.2441.7451.2059.3852.7356.7269.0959.1544.65
Other Costs 22.6724.7825.5231.0831.7823.9725.1640.4425.2717.35
Operating Profit 48.3751.7044.6236.0971.4866.17-17.3571.85-6.251.35
Operating Profit Margin (%) 8.9%10.8%8.4%4.9%9.6%12.4%-2.8%7.9%-1.1%0.3%
Other Income + 0000000000
Exceptional Items -0.01-0.16022.51000000
Interest 17.5915.5420.0628.4838.0434.6633.9636.8632.5018.54
Depreciation 10.1512.6515.7317.8222.2325.2524.7515.7915.2913.67
Profit Before Tax 20.6223.358.8412.3111.216.26-76.0719.20-54.05-30.86
Tax 0000.710.5000000
Profit After Tax 20.6223.358.8411.6010.716.26-76.0719.20-54.05-30.86
PAT Margin (%) 3.8%4.9%1.7%1.6%1.4%1.2%-12.2%2.1%-9.8%-7.8%
Adjusted EPS (₹)1.51.70.70.90.80.5-5.61.4-4.0-2.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Indian Acrylics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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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 + 75.5897.99120.27131.87141.97148.7372.8292.1940.6910.10
Share Capital 135.32135.32135.32135.32135.32135.32135.32135.32135.32135.32
Reserves -59.74-37.33-15.05-3.456.6513.41-62.50-43.13-94.64-125.22
Debt +36.94134.44191.70188.30187.69180.01180.16155.70157.63160.65
Long Term Debt18.09119.11162.57173.04158.48170.60165.61134.54127.34133.30
Short Term Debt18.8415.3329.1315.2629.229.4214.5521.1630.2927.35
Minority Interest0000000000
Trade Payables140.75138.81142.42203.12218.89172.84261.17239.44128.65123.30
Others Liabilities 74.0850.6942.0754.0369.5373.6285.4570.1971.2978.34
Total Liabilities 327.35421.94496.46577.33618.10575.21599.60557.52398.25372.39

Fixed Assets

Net Fixed Assets +96.10193.30227.85218.35287.59273.11254.38241.60226.22206.60
Gross Block447.83557.69607.96616.28707.73714.76719.45722.46701.53667.85
Accumulated Depreciation351.74364.39380.11397.93420.15441.66465.07480.86475.31461.25
CWIP 55.981.3410.9957.6110.843.111.690.900.920.83
Investments 00.020.020.510.540.430.420.180.180.18
Inventories100.84125.07174.51201.37230.69227.91213.29207.93113.45110.28
Trade Receivables28.6348.5337.1837.7525.8616.9023.9827.2918.1415.67
Cash Equivalents 22.3525.9710.1211.0415.4310.8757.6535.828.689.40
Others Assets 23.4527.7035.8050.7047.1542.8948.2043.8030.6829.45
Total Assets 327.35421.94496.46577.33618.10575.21599.60557.52398.25372.39

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 45.7314.663.7276.13100.7511.0887.3653.458.63-9.54
PBT 20.6322.268.84-10.2111.216.26-76.0719.20-54.05-30.86
Adjustment 27.7428.1835.7945.5959.7759.9158.7252.6547.8032.53
Changes in Working Capital -2.63-35.78-40.9140.7429.77-55.09104.71-18.414.88-11.21
Tax Paid 0000000000
Cash Flow From Investing Activity + -58.18-56.60-59.25-57.58-42.57-4.66-3.71-0.870.3527.32
Capex -58.18-56.58-59.25-57.10-42.53-4.77-3.72-1.110.3627.33
Net Investments 0-0.020-0.49-0.030.110.010.24-0-0
Others 0-0000000-00
Cash Flow From Financing Activity + 22.7145.5639.68-17.62-53.79-10.98-36.87-74.40-36.13-17.07
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -17.59-15.54-20.06-28.48-38.04-34.66-33.96-36.86-32.50-18.54
Dividend Paid 0000000000
Others 40.3061.0959.7410.86-15.7523.68-2.90-37.54-3.621.48
Net Cash Flow 10.263.62-15.850.924.39-4.5646.78-21.83-27.140.72

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)31.5826.918.19.27.824.31-68.6723.27-81.35-121.53
ROCE (%)41.0921.5610.1512.3414.4611.68-13.2120.31-8.71-5.91
Asset Turnover Ratio1.981.381.171.371.250.891.061.571.161.02
PAT to CFO Conversion(x)2.220.630.426.569.411.77N/A2.78N/AN/A
Working Capital Days
Receivable Days14.9027.2029.2018.6015.5014.601210.301515.60
Inventory Days62.7079.70102.1093.10105.40156.80129.1084.50105.80103.50
Payable Days132.90175.20151.40120.40160237.60167.30153.50181180.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *24.8924.8924.8924.8926.3626.3626.3626.3626.3626.36
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

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Announcements

Indian Acrylics Ltd FAQs

The current trading price of Indian Acrylics on 25-Jun-2026 16:59 is ₹5.65.

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 24-Jun-2026 the market cap of Indian Acrylics stood at ₹76.46 Cr

The latest P/E ratio of Indian Acrylics as of 24-Jun-2026 is 0.00.

The latest P/B ratio of Indian Acrylics as of 24-Jun-2026 is -5.47.

The 52-week high of Indian Acrylics is ₹9.00 and the 52-week low is ₹3.52.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Acrylics is ₹352 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Acrylics Ltd is a average quality company.

The key valuation ratios of Indian Acrylics 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 Weak which suggest that the price of Indian Acrylics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Indian Acrylics Ltd

Indian Acrylics Ltd was incorporated as a Public Limited Company on February 28,1986 and obtained certificate of commencement of business on March 10,1986 from Registrar of Companies Punjab H.P.and Chandigarh at Jalandhar.

It was originally formed as Joint Sector project by.R K Garg alongwith Punjab State Industrial Development Corporation Limited (PSIDC) the project is now being implemented in assisted sector.

India acrylics a mega petrochemical project is largest producer of acrylic fiber with a capacity to produce 42000 TPA.. IAL manufactures a range of acrylic staple fibre from 0.9 denier to 13 denier in regular and high shrink, and tow between 0.9D to 6D with K – Tex of 60,78 and 100.

The company alone has the acrylic fiber plant in the country with an international level capacity and enjoys the growth rate of 10% per annum

Their country effort on developing new uses of acrylic fiber, such as mink  blankets, stock upholstery, sarees, dress material-shirt, softy toy, plush & fur fabric blending with velvet and silk has made as a top company to reckon with.

Product range of the company includes:

  • Staple fabric
  • Normal Bright Staple fibre
  • Semi Dull lusture Staple Fibre
  • Normal Bright Staple Fibre (Non Shrinkable)
  • Normal Bright Staple (Shrinkable)
  • Acrylic tow
  • Acrylic top

Achievements/ recognition:

  • Highest export award performance (2006-07)
  • Arch of Europe award 2002
  • Export award certificate 2006-2007
  • Export award certificate 2004-2005
  • Export award certificate 2003-2004
  • Export award certificate 2001-2002
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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.

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