Fin Cascade

Prices as of 8 Oct 2026 close · Not investment advice

Indo Rama Synthetics (India) Limited

NSE: INDORAMAOther Textile ProductsASM stage 1

Share price

₹88.10

-8.22% close of 8 Oct 2026

Market cap ₹2,299 CrP/E 14.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

43

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹2,299 Cr

P/E ratio

14.0

P/B ratio

4.4

ROCE

17.9%

ROE

34.5%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹106.5552-week low ₹30.09

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 1.7% over the past year. Meanwhile what it keeps of every 100 rupees of sales held steady, near 7.3% over the last four years.

Whether it grew faster than its sector

It grew 2.6% a year against a sector median of 7.2% — 4.6 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.1 times its growth rate, on earnings growth of 107%.

Profit growthPrice per ₹1 profitPer 1% growth
Indo Rama Synthetics (India) Limited — this one107%/yr14.0×—
K.P.R. Mill Limited2%/yr39.2×₹19.6
Welspun Living Limited4%/yr77.4×₹19.4
Vardhman Textiles Limited-4%/yr17.7×—
Trident Limited-6%/yr28.2×—
Indo Count Industries Limited-23%/yr59.9×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Textile Products), it ranks 17 of 106 on returns, 74 of 103 on growth, 72 of 106 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 17.9% on capital, ahead of 84% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹547 crore of cash from the business but spent ₹762 crore on plant and equipment, ₹215 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹354 crore to ₹1140 crore. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 6 Oct 2026 · Standalone · Audited

Revenue

₹1,097 Cr

Net profit

₹44 Cr

EPS

₹1.68

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹2,299 Cr
Prev close
₹88.10
52w High
₹112
52w Low
₹29.0
Enterprise value
₹3,421 Cr
Beta
1.4
Price CAGR 1y
60.0%
Price CAGR 3y
25.0%
Price CAGR 5y
13.0%
Price CAGR 10y
11.0%

Ratios

Return on assets
4.6%
PEG ratio
0.1
P/E ratio
14.0
P/B ratio
4.4
EV / EBITDA
10.6
Industry P/E
16.7
ROCE
17.9%
ROCE 5y average
12.0%
ROE
34.5%
Debt / Equity
2.2
Interest coverage
2.2
Dividend yield
0.0%
ROE 3y average
-4.0%
ROE last year
34.0%

Annual P&L

Annual revenue
₹4,910 Cr
Annual profit
₹150 Cr
Operating margin
6.0%
Net profit margin
3.1%
EBITDA margin
6.4%
Sales growth 3y
6.3%
Sales growth 5y
19.2%
Profit growth 3y
107.0%
Profit growth 5y
4.0%
EPS
₹5.8
Sales growth TTM
-2.0%
Profit growth TTM
124.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹937 Cr
Profit latest quarter
₹64 Cr
YoY quarterly sales growth
-28.3%
YoY quarterly profit growth
20.8%
OPM latest quarter
10.8%

Balance Sheet

Book Value
₹19.9
Face Value
₹10.0
Total debt
₹1,140 Cr
Total cash
₹18 Cr
Borrowings
₹1,140 Cr
Reserves / Equity
1.0

Cash Flow

Operating cash flow
₹134 Cr
Free cash flow
₹111 Cr
FCF yield
-0.8%
Net cash flow
-₹7 Cr

Shareholding

Promoter holding
74.8%
FII holding
0.1%
DII holding
0.9%
Public holding
24.1%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
K P R Mill Ltd1,101.3041.337,6440.45258.521.61,935.59.619.6
Welspun Living235.8680.122,2830.04162.683.62,795.523.76.3
Vardhman Textile536.4018.315,5330.93314.649.52,703.113.38.6
Trident22.3128.811,3692.24158.112.91,786.84.79.8
Indo Count Inds.471.1061.89,3300.3263.262.01,207.025.98.2
Garware Tech.773.7534.37,5561.1664.621.7482.431.422.0
Kusumgar626.8552.36,5810.0041.9882.6241.993.618.8
Indo Rama Synth.95.9915.32,5060.0063.720.8936.6-28.317.9
Median115.9519.03510.005.947.2116.310.510.0

Competes with: Alok Industries Limited, Garware Technical Fibres Limited, Indo Count Industries Limited, K.P.R. Mill Limited, Kusumgar Limited, Trident Limited, Vardhman Textiles Limited, Welspun Living Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7701,2599409049449511,1661,1981,3061,2211,1821,202937
Expenses7941,2289978959159481,1021,1161,2151,1521,1321,099835
Material Cost899863931864876585
Change in Inventories-2.9365-7088-4762
Purchases of Stock-in-Trade4082791.933448
Employee Cost303332273331
Other Expenses151171180151205109
Operating Profit-2431-56102936382916850102102
OPM %-3.112.49-6.011.063.100.325.436.866.965.604.278.5211
Other Income11411322332654
Exceptional items (within Other Income)000-2.7000
Interest24313741383840422934363229
Depreciation8101011121213121212121212
Profit before tax-55-9-99-40-19-441451532596464
Tax %0000000000000
Net Profit-55-9-99-40-19-441451532596464
EPS in Rs-2.11-0.34-3.79-1.55-0.73-1.690.521.962.020.940.342.462.44
Diluted EPS in Rs1.962.020.940.342.462.44

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,9082,6562,7582,5252,4592,1062,0434,0384,0853,8734,2594,9104,541
Expenses2,8672,6292,6352,4642,4792,1281,9503,7344,0413,9104,0804,5984,218
Material Cost3,2123,534
Change in Inventories-7036
Purchases of Stock-in-Trade215197
Employee Cost118125
Other Expenses606706
Operating Profit412712261-20-229330444-37179312323
OPM %1.4014.402.40-0.80-1.104.6081.10-0.904.2067
Other Income2021365-245520109224281617
Exceptional items (within Other Income)0-2.70
Interest455043549192666260132157130131
Depreciation15814311778798634313139484848
Profit before tax40-31-33-94-135-1803219-25-2031.40150161
Tax %-1-56-38-140-4075-3,245-23-1000
Net Profit40-14-2138-81-317113269-25-2031.40150161
EPS in Rs2.65-0.89-1.362.48-5.36-124.3410-0.94-7.790.055.756.18
Diluted EPS in Rs0.055.75
Dividend Payout %38-112-734000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
6%
5 years
19%
3 years
6%
TTM
-2%

Compounded profit growth

10 years
8%
5 years
4%
3 years
107%
TTM
124%

Stock price CAGR

10 years
11%
5 years
13%
3 years
25%
1 year
60%

Return on equity

10 years
—
5 years
9%
3 years
-4%
Last year
34%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital152152152152152261261261261261261261
Reserves476436397450350-3972339312107107258
Borrowings7136585173213074713953548901,3391,1361,140
Other Liabilities8468238201,0067997909831,1521,2501,1991,4311,585
Total Liabilities2,1872,0691,8861,9291,6081,4831,7112,1052,7132,9072,9363,244
Fixed Assets1,1761,2701,1349358987036917027831,2171,2641,232
CWIP20636161179353241053642
Investments10416110000000
Other Assets7957917309776987731,0121,3681,6051,5841,6361,970
Total Assets2,1872,0691,8861,9291,6081,4831,7112,1052,7132,9072,9363,244

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-28-8922112739-119182200-81-97391134
Cash from Investing Activity-34207-3-335340-18-75-348-258-36-14
Cash from Financing Activity65-115-208-111-9387-174-123479322-354-127
Net Cash Flow3310-17-18-9250-321-7
Free Cash Flow-299-12421984-38-130156120-441-357352111

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days111616292016191714161418
Inventory Days4648464836571026773676565
Days Payable808792136132126221126125120142141
Cash Conversion Cycle-24-23-30-60-76-53-100-43-38-38-63-58
Working Capital Days-50-42-43-50-69-52-62-22-25-81-73-42
ROCE %-81-1-811333-41018

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters757575757575757575757575
FIIs0.170.160.0300.0100.010.500.370.210.240.13
DIIs3.073.072.892.892.572.562.560.920.920.920.920.92
Public222222222323232424242424
No. of Shareholders25,89325,87828,57228,27929,84030,27129,69728,72126,65126,94726,67726,804

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +53.1% (₹57.56 → ₹88.10)Brick size ₹7.34 (fixed)Bricks 14
₹40.00₹60.00₹80.00₹100₹88.10Nov '25Jul '26
Price moved up one brickPrice moved down one brickLast close ₹88.10 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

1,122inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

12,785cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

3,45,20,474inr

2026-03-31

News

News and filings about Indo Rama Synthetics (India) Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • Monoethylene Glycol (MEG)
  • Paraxylene (PX)
  • Purified Isophthalic Acid (IPA)
  • Purified Terephthalic Acid (PTA)

Depends on the price of

  • coal

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Textiles
Industry
Other Textile Products
Classification
Textiles › Other Textile Products
ISIN
INE156A01020

Plants

  • Butibori Integrated Polyester Complex
  • INVIYA Spandex Manufacturing Facility

News impact

Big market events that reach Indo Rama Synthetics (India) Limited, and how the effect spreads.

30 Sept, 22:31 IST · Market event · medium impact

India extends RoDTEP scheme for exporters till Dec

India extended exporter duty refunds till December, so textile and engineering exporters keep a small margin cushion for one more quarter, with no clear loser.

TextilesCapital Goods

Who it hits first

  • The government extended the RoDTEP duty-refund scheme for exporters till December 31, 2026, keeping refund rates unchanged.
  • Textile and engineering exporters — from Jindal Worldwide's denim to TD Power Systems' generators — keep a margin cushion for one more quarter.
  • The gain is modest and short-dated: three extra months of refunds, not a new incentive.

Who may gain

  • Jindal Worldwide (denim exporter, 90% export revenue) — refunds protect thin export margins
  • TD Power Systems (generator exporter, 93% export revenue) — refunds on nearly all sales
  • Commercial Syn Bags (bulk-bag exporter) — steadier export pricing
  • Kitex Garments (infantwear exporter) — targeted relief, though losses limit the benefit
  • Jash Engineering (water-equipment exporter) — lower export costs on foreign orders

Along the supply chain

Downstream

The end buyers are foreign importers of Indian garments and machinery, who may see steadier prices as exporters pass less cost through.

Upstream

Yarn and fibre makers such as Indo Rama Synthetics, which supply garment exporters, could see steadier pull if refunds keep exporter order books healthy.

Where demand moves

Business

Exporters do not gain new orders from this move; they keep a cost refund that protects margins on existing foreign sales for one more quarter.

Capital

Investors may nibble at high-export stocks like TD Power and Jindal Worldwide, but a three-month extension rarely triggers big buying.

How it spreads across sectors

Capital Goods

Mildly positive for engineering exporters; domestic-heavy names feel nothing.

Textiles

Positive but small: garment and fabric exporters keep refunds till December, cushioning margins in a weak global demand patch.

When it plays out

Immediate

Exporter stocks edge up over 1-7 days on relief that refunds continue without a gap.

Medium term

Over 1-6 months, focus shifts to whether the scheme survives past December; a lapse would reverse the benefit.

Short term

Over 1-4 weeks, exporters factor refunds into October-December pricing and shipment plans.

Who it hits first

  • India raised the extra import tax (anti-dumping duty) on jute bags and jute goods coming from Bangladesh and Nepal.
  • Orders for jute bags should shift from foreign suppliers to Indian jute mills, lifting their sales and factory use.
  • The trade-remedy office (DGTR) is also considering extra countervailing duties, which could protect local mills further.
  • The 29 ranked textile names are mostly cotton, synthetic and garment makers with no jute-bag business, so they get no direct lift.
  • True jute makers Cheviot Company and Gloster Limited have no fundamentals row in this pack, so no signal is emitted for them.

Who may gain

  • Indian jute mills such as Cheviot Company and Gloster Limited, makers of jute bags — more orders as imported bags get costlier (no signal: no Layer 7 row).
  • Jute fibre farmers — steadier demand from busy domestic mills.

Along the supply chain

Downstream

Downstream, bulk buyers of jute bags such as cement, grain and food packers (for example Birla Corporation, a cement maker, and Kohinoor Foods, a food maker) face higher bag prices.

Upstream

Upstream, jute growers and raw-jute suppliers should see steadier pull from Indian mills running at higher capacity.

Where demand moves

Business

Business demand shifts from imported jute bags to bags made by Indian mills; garment, cotton and synthetic makers see no order change.

Capital

Investment interest may tilt toward domestic jute mills rather than the ranked generic textile stocks.

How it spreads across sectors

Fast Moving Consumer Goods

Food and grain packers that buy jute bags face slightly higher packaging costs.

Forest Materials

Home to jute-bag makers Cheviot Company and Gloster Limited, which should gain sales (no signal for lack of data row).

Textiles

Jute segment gains orders; cotton, synthetic and garment makers in the ranked pool see no direct change.

Commodity angle

Commodity

jute

Move series

Note

Jute carries a demand shock from the duty, but prices are stale with no usable move, so no margin bps were available and every signal carries null commodity impact.

Shock

demand

Unit

INR/quintal

A pattern seen before

Cascade chain

  • Anti-dumping duty hike → Bangladesh/Nepal jute bags costlier in India
  • Costlier imports → domestic jute-mill orders and capacity use rise
  • Dearer bags → cement, grain and food packers face higher packaging cost

Pattern name

China Cascade

Patterns

  • China Cascade

Sectors queried

  • Chemicals
  • Pharma

When it plays out

Immediate

1–7 days: jute-bag import orders pause as buyers check the new duty cost; domestic mill enquiries pick up.

Medium term

1–6 months: if countervailing duties follow, local mills hold gains; otherwise imports adjust and the lift fades.

Short term

1–4 weeks: domestic mills report higher bookings and capacity use; bag buyers pass some cost onward.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Sep 2016unspecified₹1
21 Jul 2015unspecified₹1
23 Jul 2014unspecified₹1
25 Jun 2013unspecified₹1
12 Jun 2012unspecified₹1
5 Jul 2011unspecified₹1
23 Feb 2011interim₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
10 Sep 2026URMILA LOHIA · PromoterBUY2,17,1371.61
10 Sep 2026URMILA LOHIA · PromoterBUY1,97,6591.53

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.