Skip to main content
Swing Capital

Raj Rayon Industries Ltd

NSE: RAJRILTD BSE: 530699Textile

Incorporated in 1993, Raj Rayon Ltd manufactures and trades polyester chips, polyester yarn and processed yarn[1]

₹20.6
52W: ₹19.2 — ₹31.9
PE 33.8 · Book ₹2.81 · +633% vs book
Market Cap₹1,148 Cr
Stock P/E33.8Price to Earnings
ROCE13.6%Return on Capital
ROE26.8%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 24.4% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 7.44 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Tax rate seems low

Shareholding Pattern

Promoters94.14%
FIIs0%
DIIs0%
Public5.87%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public5.86%5.87%▲0.05.88%▲0.05.87%▼0.05.87%5.86%▼0.05.87%▲0.05.87%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales195217202212229206260319305295
Expenses185210199210216195245304289279
Operating Profit10732131115161716
OPM %5%3%2%1%6%5%6%5%5%5%
Net Profit2-2-3-481368614
EPS ₹0.04-0.04-0.06-0.080.150.240.110.140.110.25

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,180Cr, up 39% YoY. OPM at 5%.

Debt Position

Borrowings at ₹222Cr. Debt-to-equity ratio: 2.20x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹1Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (-0.82pp change). FIIs: 0% (+0.00pp change). Promoters hold 94.14%.

Margin & Efficiency

ROCE improving from -6% (Mar 2015) to 14% (Mar 2026). Working capital days: -19.

Valuation

PE 33.8x with 13.6% ROCE. Price is 633% above book value of ₹2.81. Dividend yield: 0%.

Recent Announcements