Raj Rayon Industries (RAJRILTD) had a P/E of 49.0× on 6 Nov 2026, above the industry P/E of 17.0×, and the shares are 18% below their 52-week high. It earns ROCE of 16% and ROE of 24%, and sales grew 105% a year over 3 years. Debt is 1.42× equity. It is a small-cap company with a market cap of ₹1,188 Cr, ranked 28th of 246 Textile Manufacturing companies by market cap; the shares fell 15% over the past year.
- ₹21.09
- ₹21.09
- ₹20.64
- ₹20.68
- 14.7K
Health check
- ReturnsBehind
−15.4% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 49.0 vs industry 17.0.
- GrowthStrong
Sales +104.8% a year over 3 years.
- ProfitabilityAverage
ROCE 15.7% vs peer median 10.7%.
- Balance sheetFair
Debt 1.42× equity, interest covered 3.0×, Piotroski 7 of 9.
- Red flags2 to check
Quarterly sales down 21.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,188 Cr
- Small cap
- P/E
- 49.0
- Industry 17.0
- Price to book
- 8.92
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 24.4%
- Peers 10.1%
- ROCE
- 15.7%
- Peers 10.7%
- Debt to equity
- 1.42
- Debt ₹222 Cr
- EPS (TTM)
- ₹0.43
- Face value ₹1
- OPM (TTM)
- 5.8%
- Net margin 3.1%
- Sales growth
- −21.4%
- Latest quarter vs a year ago
- Profit growth
- +12.9%
- Latest quarter vs a year ago
- Price to sales
- 1.06
- EV/EBITDA 20.2
Strengths and risks
Strengths
- Return on equity of 24.4%.
Risks to check
- Quarterly sales down 21.4% on a year ago.
- P/E of 49.0 against an industry P/E of 17.0.
About Raj Rayon Industries
Raj Rayon Industries Limited engages in the manufacture and trade of polyester chips, and polyester and processed yarns in India. The company offers trilobal, cationic, cotluk, colored, fire retardant, anti-microbial, tri-lobal, and octa-lobal yarns. It also offers full dull, semi dull, doped dyed, micro filaments, non-intermingle, low/slight intermingle, and high intermingle yarns. In addition, the company provides partially oriented yarn and drawn…
- Headquarters
- Mumbai
- Employees
- 412
- Sector
- Consumer Cyclical
- ISIN
- INE533D01032
- Website
- rajrayon.com
Price range
- Avg volume (3M)
- 14.2K
- 1-year return
- minus 15.4%
- From 52-week high
- minus 18.4%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| RAJRILTDRaj Rayon Industries | 21.09 | plus 1.98% | 1,188 | 49.0 | 8.92 | 15.7% | 24.4% | 5.8% | 104.8% | – | 0.00% | minus 15.4% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 260 | 319 | 305 | 295 | 204 | |
| 245 | 304 | 289 | 279 | 187 | |
| 15.3 | 15.6 | 16.6 | 16.1 | 17.3 | |
| 5.9% | 4.9% | 5.4% | 5.5% | 8.4% | |
| 0.2 | 3.1 | 0.6 | 1.1 | 1 | |
| 4 | 4.2 | 4.9 | 4.8 | 5.2 | |
| 4.1 | 4.5 | 4.9 | 4.9 | 5 | |
| 7.4 | 9.9 | 7.4 | 7.6 | 8.1 | |
| 18.4% | 19.2% | 20.6% | −85.7% | 15.0% | |
| 6.1 | 8 | 5.9 | 14 | 6.9 | |
| 0.08 | 0.10 | 0.07 | 0.17 | 0.09 |
Profit & loss
- Sales CAGR 3Y
- +104.8%
- ROE
- 24.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 137 | 745 | 849 | 1,180 | |
| – | +443.0% | +14.0% | +38.9% | |
| 135 | 718 | 820 | 1,116 | |
| 1.8 | 27.3 | 29.5 | 63.7 | |
| 1.3% | 3.7% | 3.5% | 5.4% | |
| −0.2 | 2.3 | 3.3 | 2.7 | |
| 0.9 | 11.2 | 12.2 | 16 | |
| 13.5 | 11.3 | 12.4 | 18.4 | |
| 0.3 | 2.8 | – | 0.3 | |
| −12.5 | 9.9 | 8.3 | 32.3 | |
| 1.3% | 59.3% | −67.1% | −5.2% | |
| −12.4 | 4 | 13.8 | 34 | |
| – | – | +241.5% | +146.2% | |
| -0.22 | 0.07 | 0.17 | 0.42 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 55.6 | 55.6 | 55.6 | 55.6 | |
| 48.5 | 52.6 | 66.9 | 101 | |
| 126 | 176 | 239 | 222 | |
| 80.7 | 136 | 140 | 219 | |
| 311 | 421 | 502 | 598 | |
| 182 | 225 | 314 | 344 | |
| 43.7 | 6.8 | 105 | 1.5 | |
| 0 | 0.1 | 1.3 | 1.5 | |
| 0.2 | 7 | 8 | 37.7 | |
| 85.1 | 182 | 73.5 | 214 | |
| 311 | 421 | 502 | 598 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −75.2 | 78.7 | 36.8 | 119 | |
| −65 | −111 | −83.2 | −83 | |
| 140 | 38.7 | 47.4 | −31.7 | |
| 0.1 | 6.8 | 1 | 4.4 | |
| −64.8 | −92.3 | −105 | −47.8 | |
| −140 | −13.6 | −68.5 | 71.3 |
Shareholding pattern
- Promoters94.13%
- Public5.87%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 94.13% | 5.87% | 0.00 | |
| 30 Jun 2026 | 94.13% | 5.87% | 0.00 | |
| 31 Mar 2026 | 94.13% | 5.87% | 0.00 | |
| 31 Dec 2025 | 94.13% | 5.87% | 0.00 | |
| 30 Sep 2025 | 94.13% | 5.87% | – |
Major shareholders
Filings & events
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