---
title: "Bombay Rayon Fashions Ltd (BRFL) — Share Price, Financials & Analysis"
symbol: "BRFL"
company: "Bombay Rayon Fashions Ltd"
canonical: "https://tapetide.com/stocks/BRFL"
isin: "INE589G01011"
nse_symbol: "BRFL"
bse_code: "532678"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T19:16:39.593Z"
---

# Bombay Rayon Fashions Ltd (BRFL)

Canonical page: https://tapetide.com/stocks/BRFL

## Company

- **NSE Symbol:** BRFL
- **BSE Code:** 532678
- **ISIN:** INE589G01011
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** bombayrayon.com

## About

Bombay Rayon Fashions Ltd was incorporated in 1992. It is mainly engaged in the business of manufacturing textiles consisting of yarn, fabrics and garments. The Company is also engaged in power generation through coal and windmills & manufacturing of buttons. [1]

## Latest Price

- **Price:** ₹2
- **Change:** 0 (0%)
- **Open:** ₹1.9
- **Day High:** ₹2
- **Day Low:** ₹1.9
- **Previous Close:** ₹2
- **Volume:** 0
- **As Of:** 2022-12-12T04:54:59+00:00

## Key Insights

### Strengths

- Debtor days have improved from 1,620 to 117 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -27.6% over past five years.
- Company has a low return on equity of -81.3% over last 3 years.
- Contingent liabilities of Rs.221 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -111% | 21% | — |
| revenue growth | 769% | -7% | -28% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 130 | 90 | 10 | 20 | 20 | 30 | 16 | 22 | 19 | 721 | 14 | 7 |
| Expenses | 570 | 537 | 72 | 145 | 145 | 139 | 82 | 91 | 85 | 926 | 47 | 24 |
| Operating Profit | -440 | -447 | -62 | -125 | -125 | -109 | -66 | -69 | -66 | -205 | -33 | -17 |
| OPM % | -337 | -498 | -624 | -624 | -624 | -367 | -407 | -316 | -352 | -28 | -235 | -233 |
| Other Income | -141 | 14 | 0 | -135 | -135 | 559 | 0 | 0 | -217 | -552 | -10 | -4 |
| Interest | 111 | 126 | 117 | -69 | -69 | 35 | 22 | 22 | 23 | 86 | 4 | 1 |
| Depreciation | 36 | 27 | 31 | 32 | 32 | 13 | 17 | 17 | 17 | 66 | 16 | 15 |
| Profit before tax | -728 | -587 | -210 | -223 | -223 | 403 | -104 | -108 | -323 | -909 | -63 | -37 |
| Tax % | -17 | -56 | -28 | -27 | -27 | -43 | -2 | -8 | 0 | -13 | 0 | 0 |
| Net Profit | -603 | -258 | -152 | -162 | -162 | 575 | -103 | -99 | -323 | -792 | -63 | -37 |
| EPS in Rs | -18.98 | -8.12 | -4.78 | -5.12 | -5.12 | 18.1 | -3.23 | -3.13 | -10.17 | -24.93 | -1.98 | -1.16 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2995 | 3581 | 4210 | 3895 | 3099 | 973 | 488 | 109 | 778 | 761 |
| Expenses | 2602 | 3054 | 3460 | 3295 | 2901 | 2787 | 2402 | 483 | 1057 | 1082 |
| Operating Profit | 392 | 527 | 750 | 600 | 199 | -1814 | -1914 | -374 | -279 | -321 |
| OPM % | 13 | 15 | 18 | 15 | 6 | -186 | -392 | -344 | -36 | -42 |
| Other Income | -343 | 34 | 98 | 14 | 22 | -8 | -327 | 145 | -894 | -783 |
| Interest | 451 | 558 | 597 | 673 | 423 | 445 | 442 | 146 | 154 | 113 |
| Depreciation | 316 | 177 | 181 | 167 | 160 | 160 | 138 | 104 | 117 | 114 |
| Profit before tax | -718 | -174 | 69 | -225 | -362 | -2426 | -2821 | -479 | -1444 | -1332 |
| Tax % | -33 | -24 | 59 | -28 | -21 | -30 | -35 | -78 | -9 | — |
| Net Profit | -484 | -133 | 28 | -162 | -286 | -1691 | -1829 | -105 | -1320 | -1214 |
| EPS in Rs | -35.91 | -9.83 | 2.12 | -8.73 | -9 | -53.25 | -57.62 | -3.32 | -39.52 | -38.24 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 135 | 135 | 135 | 186 | 317 | 317 | 317 | 317 | 317 | 317 |
| Reserves | 2319 | 2221 | 1894 | 2531 | 4032 | 2342 | 513 | 415 | -849 | -810 |
| Borrowings | 4670 | 5360 | 5596 | 5578 | 4050 | 4408 | 4912 | 4585 | 4607 | 4399 |
| Other Liabilities | 1066 | 856 | 1278 | 1057 | 940 | 884 | 888 | 819 | 873 | 866 |
| Total Liabilities | 8190 | 8572 | 8902 | 9352 | 9339 | 7950 | 6631 | 6137 | 4948 | 4772 |
| Fixed Assets | 3854 | 3666 | 3606 | 3452 | 3299 | 3066 | 2432 | 1360 | 2032 | 1904 |
| CWIP | 139 | 15 | 5 | 12 | 18 | 18 | 19 | 3 | 18 | 18 |
| Investments | 47 | 38 | 23 | 23 | 23 | 23 | 23 | 643 | 24 | 10 |
| Other Assets | 4150 | 4854 | 5268 | 5865 | 5999 | 4843 | 4157 | 4131 | 2874 | 2839 |
| Total Assets | 8190 | 8572 | 8902 | 9352 | 9339 | 7950 | 6631 | 6137 | 4948 | 4772 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 396 | -839 | 523 | 334 | -278 | -99 | 29 | -5 | 366 | -1583 |
| Cash from Investing Activity | -336 | -1 | 69 | 91 | -6 | -3 | 37 | 147 | -343 | -120 |
| Cash from Financing Activity | -94 | 846 | -607 | -410 | 256 | 54 | -63 | -137 | -31 | 239 |
| Net Cash Flow | -34 | 6 | -14 | 15 | -28 | -49 | 3 | 5 | -9 | -1463 |
| Free Cash Flow | 42 | -883 | 515 | 360 | -293 | -110 | 68 | 141 | 635 | -1685 |
| CFO/OP | 57 | -200 | 99 | 46 | -46 | -49 | -2 | 0 | -98 | 567 |

### Ratios

| Item | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 74 | 105 | 110 | 112 | 133 | 191 | 503 | 968 | 3774 | 117 |
| Inventory Days | 507 | 507 | 451 | 430 | 538 | 641 | 401 | 129 | 1150 | 81 |
| Days Payable | 160 | 176 | 109 | 118 | 87 | 118 | 114 | 125 | 1377 | 317 |
| Cash Conversion Cycle | 421 | 437 | 452 | 424 | 584 | 714 | 789 | 972 | 3547 | -119 |
| Working Capital Days | 13 | 118 | 114 | 75 | 68 | 249 | -70 | -1826 | -9042 | -1686 |
| ROCE % | 8 | 1 | 5 | 8 | 6 | 1 | -25 | -32 | -8 | -9 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.61% | 38.51% | 35.96% | 35.6% | 33.33% | 26.8% | 25.55% | 25.55% |
| FIIs | 0.33% | 0.09% | 0.09% | 0.09% | 0.03% | 0.22% | 2.15% | 2.15% |
| DIIs | 28% | 57.61% | 56.95% | 56.69% | 56.2% | 53.81% | 51.89% | 51.89% |
| Public | 5.06% | 3.8% | 7% | 7.61% | 10.44% | 19.17% | 20.42% | 20.43% |
| No. of Shareholders | 6269 | 25457 | 26342 | 24425 | 26097 | 43345 | 43775 | 43767 |

### Quarterly

| Category | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 35.15% | 33.33% | 28.37% | 26.8% | 26.8% | 26.8% | 25.55% | 25.55% | 25.55% | 25.55% | 25.55% | 25.55% |
| FIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.22% | 0.22% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% |
| DIIs | 56.26% | 56.2% | 56.2% | 56.2% | 54.89% | 53.81% | 53.81% | 51.89% | 51.89% | 51.89% | 51.89% | 51.89% |
| Public | 8.56% | 10.44% | 15.39% | 16.97% | 18.28% | 19.17% | 20.43% | 20.43% | 20.42% | 20.42% | 20.43% | 20.43% |
| No. of Shareholders | 24253 | 26097 | 32858 | 34434 | 36550 | 43345 | 43151 | 43521 | 43780 | 43775 | 43773 | 43767 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 7 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2 | Sell |
| EMA (10) | 2 | Sell |
| SMA (20) | 2 | Sell |
| EMA (20) | 2 | Sell |
| SMA (50) | 2 | Sell |
| EMA (50) | 2.01 | Sell |
| SMA (100) | 1.99 | Buy |
| EMA (100) | 2.2 | Sell |
| SMA (200) | 2.77 | Sell |
| EMA (200) | 2.97 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.55 | Neutral |
| MACD (12,26,9) | 0 | Sell |
| Stochastic (14,3,3) | 50 | Neutral |
| ADX (14) | 67.11 | Buy |
| Williams %R (14) | -50 | Neutral |
| ATR (14) | 0 | Low Volatility |
| ROC (12) | 0 | Neutral |
| Stoch RSI (14) | 50 | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Aug 2024 - Successful completion of E-Auction for Bombay Rayon Fashion. | [Status Of E-Auction Under Insolvency And Bankruptcy Code, 2016. 9 Aug 2024 - Successful completion of E-Auction for Bombay Rayon Fashion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f13689f1-bbc9-44c1-ac8d-5072603cd8f8.pdf) |
| 7 Aug 2024 - Notice of E-Auction Sale for Bombay Rayon Fashions. | [NOTICE OF E-AUCTION SALE 7 Aug 2024 - Notice of E-Auction Sale for Bombay Rayon Fashions.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/420f09c2-b1d9-4593-90ed-3b8611b4c1d1.pdf) |
| 7 Aug 2024 - Notice of E-Auction sale for Bombay Rayon Fashions. | [Corporate Insolvency Resolution Process (CIRP)-Public Announcement 7 Aug 2024 - Notice of E-Auction sale for Bombay Rayon Fashions.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9871a6bd-07c5-4620-ba3f-e754cf82f340.pdf) |
| 27 October 2025 - Certificate under Reg 74(5) for quarter ended 30 Sep 2025 from MUFG Intime (RTA). | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 27 October 2025 - Certificate under Reg 74(5) for quarter ended 30 Sep 2025 from MUFG Intime (RTA).](https://nsearchives.nseindia.com/corporate/VERA_27102025173622_VERA30092025.pdf) |
| 27 January 2026 - Affirmation directors Bansari P. Shah, Bharatbhai L. Gadhavi, Ashish Somani not debarred; AGM 30.09.2025. | [Updates 27 January 2026 - Affirmation directors Bansari P. Shah, Bharatbhai L. Gadhavi, Ashish Somani not debarred; AGM 30.09.2025.](https://nsearchives.nseindia.com/corporate/VERA_27012026172154_DISCLOSUREVERA.pdf) |
| 26 Oct 2023 - Certificate received from Link Intime India Private Limited, Registrar and Share Transfer Agent of the Company. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 26 Oct 2023 - Certificate received from Link Intime India Private Limited, Registrar and Share Transfer Agent of the Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4d69d63f-958e-4152-91af-10a911ed3add.pdf) |
| 20 January 2026 - Certificate under Reg 74(5) confirming demat processing for quarter ended 31-Dec-2025 submitted. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 20 January 2026 - Certificate under Reg 74(5) confirming demat processing for quarter ended 31-Dec-2025 submitted.](https://nsearchives.nseindia.com/corporate/VERA_20012026161929_REG743112202531122025.pdf) |
| 19 December 2025 - Board approved resignation and appointment of secretarial auditors; re-issuance of Form MGT-8 for FY2024-25; appointment for FY2025-26. | [Outcome of Board Meeting 19 December 2025 - Board approved resignation and appointment of secretarial auditors; re-issuance of Form MGT-8 for FY2024-25; appointment for FY2025-26.](https://nsearchives.nseindia.com/corporate/VERA_19122025171223_OUTCOME191225.pdf) |
| 13 November 2025 - Approved unaudited H1 results to 30 Sep 2025: Profit ₹1.98 crore; limited review attached; committees reconstituted. | [Outcome of Board Meeting 13 November 2025 - Approved unaudited H1 results to 30 Sep 2025: Profit ₹1.98 crore; limited review attached; committees reconstituted.](https://nsearchives.nseindia.com/corporate/VERA_13112025180839_VERABMOUTCOME13112025.pdf) |
| 10 Nov 2023 - Bombay Rayon Fashions Limited approved for liquidation. | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 10 Nov 2023 - Bombay Rayon Fashions Limited approved for liquidation.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c88a323a-55c7-4660-9e90-c9cb53f28a83.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28979_VERA_2024_2025_A_5203873_08092025223255.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24683_VERA_2023_2024_2707202492139.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23890_VERA_2022_2023_08092023231658_09092023104814.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21769_VERA_2021_2022_08092022223230_09092022070012.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19646_VERA_2020_2021_07092021185305_09072021190052.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17752_VERA_2019_2020_10102020175834_17102020114102.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_15859_VERA_2018_2019_06092019144858_06092019150006.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_14101_VERA_2017_2018_05102018154352.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_BRFL_2009_2010_20042011101112.zip) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532678/77179532678.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2024-08-09 | [Status Of E-Auction Under Insolvency And Bankruptcy Code, 2016.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f13689f1-bbc9-44c1-ac8d-5072603cd8f8.pdf) |
| 2024-08-07 | [NOTICE OF E-AUCTION SALE](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=420f09c2-b1d9-4593-90ed-3b8611b4c1d1.pdf) |
| 2024-08-07 | [Corporate Insolvency Resolution Process (CIRP)-Public Announcement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9871a6bd-07c5-4620-ba3f-e754cf82f340.pdf) |
| 2023-11-10 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c88a323a-55c7-4660-9e90-c9cb53f28a83.pdf) |
| 2023-10-26 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4d69d63f-958e-4152-91af-10a911ed3add.pdf) |
| 2023-10-12 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b51c1e3c-7180-49ff-b4ae-2101bf96d303.pdf) |
| 2023-10-12 | [Approval Of Extension For Holding Annual General Meeting ('AGM') By 45 Days By The Office Of ROC, Mumbai.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18f7f28a-453f-4fb1-a2c4-aff7e63af36a.pdf) |
| 2023-10-10 | [Resignation Of Ms. Prachi Deshpande As Whole Time Director/ Company Secretary](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2e0a5122-bddd-4e51-8193-9028e3f9e09a.pdf) |
| 2023-09-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c07d04bc-d2c4-43ba-a9a2-b0e8690092ba.pdf) |
| 2023-09-14 | [Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3f817ac-070c-441a-8b0a-59c10507e324.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8fe774e-1651-41f9-85db-7fba51d592e7.pdf) |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/a8fe774e-1651-41f9-85db-7fba51d592e7.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:39.593Z.