RAJ Rayon Industries Ltd
NSE: RAJRILTD · Other Textile Products · sector
₹20.59NSE close 2026-10-26
Key numbers
Market cap₹1,145 cr
Price₹20.59
52w high / low₹26 / ₹19
P/E33.2xSector median 13.7x
P/B7.3xSector median 1.1x
Book value₹2.8
Dividend yield–Sector median 0.51%
ROE24.9%Sector median 5.4%
ROCE13.7%Sector median 7.5%
OPM5.8%Sector median 6.6%
Debt / equity1.42xSector median 0.43x
EV/EBITDA20.1xSector median 9.6x
Interest cover2.7x
Current ratio0.86x
Sales growth 3y+104.9%Sector median +0.6%
Profit growth 3y–Sector median +1.1%
PEG0.68x
Last 12 months to Jun 2026, Standalone. "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 ₹48 cr vs borrowings ₹222 cr (FY26): borrowings are higher by ₹174 cr.
- Operating profit covered interest 2.7x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 16% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹20.59 on 2026-10-26: -20.3% from the 52-week high, +6.1% 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 ₹30.38 · low ₹19.07
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 212 | 229 | 206 | 260 | 319 | 305 | 295 | 204 |
| EBITDA | 2 | 14 | 11 | 15 | 16 | 17 | 16 | 17 |
| OPM % | 1.0% | 5.9% | 5.2% | 5.9% | 4.9% | 5.4% | 5.5% | 8.4% |
| Other income | 1 | 0 | 3 | 0 | 3 | 1 | 1 | 1 |
| Net profit | -4 | 8 | 13 | 6 | 8 | 6 | 14 | 7 |
| EPS (₹) | -0.16 | 0.30 | 0.48 | 0.11 | 0.14 | 0.11 | 0.25 | 0.12 |
| Revenue YoY | +50.6% | +33.2% | +43.2% | -21.4% | ||||
| Profit YoY | – | -28.0% | +4.4% | +13.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 137 | 745 | 849 | 1,180 | 1,124 |
| EBITDA | 669 | 2 | 27 | 30 | 64 | 66 |
| Net profit | 641 | -12 | 4 | 14 | 34 | 35 |
| EPS (₹) | 2,807.34 | -0.22 | 0.07 | 0.50 | 0.61 | 0.62 |
| Revenue growth | +2,28,600.0% | +443.0% | +14.0% | +38.9% | +23.9% | |
| Profit growth | -101.9% | – | +241.8% | +146.1% | +48.9% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +104.9% | – | +23.9% |
| Net profit | – | – | +48.9% |
| EPS | – | – | – |
| Share price | – | -2.9% (2y) | -14.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 104 | 108 | 122 | 156 |
| Borrowings | – | 125 | 80 | 237 | 222 |
| Cash & equivalents | – | 1 | 29 | 8 | 48 |
| Total assets | – | 311 | 421 | 500 | 598 |
| Fixed assets | – | 138 | 219 | 212 | 342 |
| Capital work in progress | – | 8 | 3 | 101 | 1 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 23 | 36 | 29 | 30 |
| Inventory | – | 74 | 102 | 109 | 118 |
| Payables | – | 75 | 125 | 129 | 209 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -5 | -75 | 79 | 37 | 119 |
| Cash from investing | -6 | -65 | -111 | -83 | -83 |
| Cash from financing | 11 | 140 | 39 | 47 | -32 |
| Capex | 6 | 65 | 92 | 105 | 48 |
| Free cash flow | -11 | -140 | -14 | -69 | 71 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -11.9% | 3.7% | 11.3% | 21.7% |
| ROCE % | – | -4.9% | 11.2% | 6.1% | 13.3% |
| Debtor days | – | 61 | 18 | 12 | 9 |
| Inventory days | – | 248 | 62 | 57 | 46 |
| Payable days | – | 249 | 76 | 68 | 82 |
| Cash conversion cycle (days) | – | 60 | 4 | 1 | -27 |
| Working capital days | – | -25 | -7 | -15 | -12 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 94.13% |
| DIIs | 0.00% |
| Public (non-institutions) | 5.87% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% |
| Promoter group | % |
|---|---|
| SVG Fashions Private Limited | 84.88% |
| Rajwada Silk Mills LLP | 2.61% |
| Satyanarayan Agarwal | 1.35% |
| Rajkumar Satyanarayan Agarwal | 1.26% |
| Sandiip Satyanarayan Agarwwal | 1.25% |
| Rricha Sandiip Agarwwal | 0.63% |
| Sapna Rajkumar Agarwal | 0.63% |
| Binaykia Synthetics Ltd | 0.63% |
| Yashovardhan Rajkumar Agarwal | 0.54% |
| Harshvardhan Yogesh Rungta | 0.18% |
| Deepak Synthetics Ltd | 0.18% |
| Public holders above 1% | % |
|---|---|
| Anju Ganeriwal | 1.25% |
| Ankit Ganeriwal | 1.23% |
| Anuj Ganeriwal | 1.20% |
25,965 shareholders. Pledged: – of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| 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 | – | – | – | – | – | – | – |
| RAJRILTD | ₹1,145 cr | 33.2x | 7.3x | 24.9% | 13.7% | 5.8% | +104.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2011-09-06 | Dividend | Dividend Rs 0.3 |
| 2010-07-29 | Dividend | Dividend Rs 0.3 |
| 2007-09-19 | Dividend | Dividend Rs 0.5 |
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: Manufacturing Chips, Partially Oriented Yarn(POY) & Polyester Texturised Yarn(PTY)
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | RAJRILTD |
| BSE code | 530699 |
| ISIN | INE533D01032 |
| Face value | ₹1.0 |
| Incorporated | 1993-08-17 |
| Website | www.rajrayon.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.