Indo Rama Synthetics Ltd
NSE: INDORAMA · Other Textile Products · sector
₹74.41NSE close 2026-10-26
Key numbers
Market cap₹1,943 cr
Price₹74.41
52w high / low₹112 / ₹29
P/E9.2xSector median 13.7x
P/B3.0xSector median 1.1x
Book value₹25.2
Dividend yield–Sector median 0.51%
ROE38.2%Sector median 5.4%
ROCE22.2%Sector median 7.5%
OPM7.8%Sector median 6.6%
Debt / equity1.31xSector median 0.43x
EV/EBITDA7.7xSector median 9.6x
Interest cover2.7x
Current ratio0.76x
Sales growth 3y+6.3%Sector median +0.6%
Profit growth 3y–Sector median +1.1%
PEG0.19x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹18 cr vs borrowings ₹1,132 cr (FY26): borrowings are higher by ₹1,113 cr.
- Operating profit covered interest 2.7x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹74.41 on 2026-10-26: -33.7% from the 52-week high, +156.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹101.72 · low ₹31.52
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,166 | 1,198 | 1,306 | 1,221 | 1,182 | 1,202 | 937 | 1,341 |
| EBITDA | 63 | 82 | 91 | 68 | 48 | 102 | 102 | 112 |
| OPM % | 5.4% | 6.9% | 7.0% | 5.6% | 4.0% | 8.5% | 10.8% | 8.3% |
| Other income | 2 | 23 | 3 | 2 | 9 | 5 | 4 | 3 |
| Net profit | 14 | 51 | 53 | 25 | 9 | 64 | 64 | 74 |
| EPS (₹) | 0.53 | 1.96 | 2.02 | 0.94 | 0.34 | 2.46 | 2.44 | 2.84 |
| Revenue YoY | +1.4% | +0.3% | -28.3% | +9.8% | ||||
| Profit YoY | -35.4% | +25.6% | +20.8% | +201.8% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,038 | 4,085 | 3,873 | 4,259 | 4,910 | 4,661 |
| EBITDA | 306 | 42 | -40 | 178 | 309 | 363 |
| Net profit | 269 | -25 | -203 | 1 | 150 | 211 |
| EPS (₹) | 10.30 | -0.94 | -7.79 | 0.05 | 5.75 | 8.08 |
| Revenue growth | +1.2% | -5.2% | +10.0% | +15.3% | -4.7% | |
| Profit growth | -109.1% | – | – | +10,629.3% | +48.4% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.3% | +19.2% | -4.7% |
| Net profit | – | +5.8% | +48.4% |
| EPS | – | +5.8% | – |
| Share price | – | +37.8% (2y) | +20.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 573 | 368 | 368 | 519 |
| Borrowings | – | 866 | 1,317 | 1,126 | 1,132 |
| Cash & equivalents | – | 61 | 29 | 30 | 18 |
| Total assets | – | 2,713 | 2,907 | 2,936 | 3,244 |
| Fixed assets | – | 761 | 1,197 | 1,254 | 1,225 |
| Capital work in progress | – | 346 | 125 | 36 | 42 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 162 | 165 | 166 | 243 |
| Inventory | – | 644 | 591 | 594 | 667 |
| Payables | – | 1,108 | 1,056 | 1,308 | 1,451 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 200 | -81 | -219 | 234 | 13 |
| Cash from investing | -75 | -348 | -260 | -39 | -23 |
| Cash from financing | -123 | 479 | 447 | -195 | 3 |
| Capex | 80 | 365 | 260 | 39 | 24 |
| Free cash flow | 120 | -446 | -479 | 196 | -11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -4.3% | -55.3% | 0.4% | 28.9% |
| ROCE % | – | 2.4% | -4.3% | 10.6% | 17.0% |
| Debtor days | – | 14 | 16 | 14 | 18 |
| Inventory days | – | 73 | 67 | 65 | 65 |
| Payable days | – | 125 | 120 | 142 | 141 |
| Cash conversion cycle (days) | – | -38 | -37 | -63 | -58 |
| Working capital days | – | -20 | -78 | -70 | -41 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 75.00% |
| FIIs | 0.11% |
| DIIs | 0.81% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.80% |
| Public (non-institutions) | 24.08% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 74.84% | 75.00% |
| Promoter group | % |
|---|---|
| Indorama Netherlands B V | 38.56% |
| Urmila Lohia | 20.92% |
| OM Prakash Lohia | 14.73% |
| Vishal Lohia | 0.44% |
| Aradhana Lohia | 0.12% |
| Yashovardhan Lohia | 0.10% |
| Rimple Lohia | 0.09% |
| Aloke Lohia | 0.04% |
| Brookgrange Investments Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Siam Stock Holdings Limited | 6.59% |
| Shruti Lohia | 4.89% |
| Raviraj Developers Limited | 1.31% |
31,064 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| FILATEX | ₹4,202 cr | 22.0x | 2.8x | 13.5% | 18.1% | 8.1% | -1.1% | 0.27% |
| INDORAMA | ₹1,943 cr | 9.2x | 3.0x | 38.2% | 22.2% | 7.8% | +6.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-17 | Other | Annual General Meeting |
| 2023-07-20 | Other | Annual General Meeting |
| 2022-07-15 | Other | Annual General Meeting |
| 2021-08-13 | Other | Annual General Meeting |
| 2020-08-18 | Other | Annual General Meeting |
| 2019-07-17 | Other | Annual General Meeting |
| 2018-07-19 | Other | Annual General Meeting |
| 2017-09-08 | Other | Annual General Meeting |
| 2016-09-21 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2015-07-21 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2014-07-23 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-06-25 | Dividend | Annual General Meeting/Dividend Re 1 Per Equity Share |
| 2012-06-12 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2011-07-05 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2011-02-23 | Dividend | Interim Dividend-Re.1/- Per Share (Purpose Revised) |
| 2010-10-14 | Other | Annual General Meeting |
| 2009-09-03 | Other | Annual General Meeting |
| 2008-08-28 | Dividend | Agm/Dividend - 10% |
| 2007-08-16 | Other | Agm/Div-Re.1/- Per Share |
| 2006-06-29 | Other | Agm/Div-Rs.3.00 Per Sh |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturer of Polyester Staple Fibre, Partially Oriented Yarn, Draw Texturized Yarn, Fully Drawn Yarn and Polyester Chips
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | INDORAMA |
| BSE code | 500207 |
| ISIN | INE156A01020 |
| Face value | ₹10.0 |
| Incorporated | 1986-04-28 |
| Website | www.indoramaindia.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.