Indo Rama Synthetics
Indo Rama Synthetics (INDORAMA) share price was ₹74.13 at the 28 Oct 2026 close; market capitalisation ₹1,936 Cr; P/E (TTM) 9.17; sector Textiles. The share price rose 11.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 9.8% year on year to ₹1,340.6 Cr and net profit rose 202.5% year on year to ₹74.1 Cr (compared with Sep 2025). Promoters held 75.00% of Indo Rama Synthetics in Sep 2026, up 0.16 percentage points from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapTextilesConsumer DiscretionaryPrice-based figures as of 28 Oct 2026, 15:51 IST · EPS basis: Consolidated · TTM
Peer Comparison
Consumer Discretionary › Textiles › Manmade Textiles › Other Textile Products
| ₹1,091.50 | 40.90 | 37,309 Cr | 6.55 | 0.48% | 15.21% | 20.18% | 6,678 Cr | 913 Cr | |
| ₹215.51 | 73.80 | 20,360 Cr | 4.14 | 0.05% | 4.28% | 6.25% | 10,013 Cr | 287 Cr | |
| ₹505.70 | 17.25 | 14,644 Cr | 1.39 | 1.01% | 7.11% | 8.60% | 10,472 Cr | 860 Cr | |
| ₹21.28 | 27.28 | 10,844 Cr | 2.66 | 2.33% | 7.90% | 10.68% | 6,860 Cr | 395 Cr | |
| ₹428.10 | 56.25 | 8,479 Cr | 3.60 | 0.36% | 5.38% | 9.76% | 4,468 Cr | 150 Cr | |
| ₹751.70 | 35.31 | 7,340 Cr | 5.43 | 1.16% | 14.65% | 19.60% | 1,688 Cr | 210 Cr | |
| ₹554.90 | 43.02 | 5,826 Cr | 11.62 | 0.00% | 19.52% | 24.76% | 701 Cr | 131 Cr | |
| Indo Rama Synthetics (this company) | ₹74.13 | 9.17 | 1,936 Cr | 2.95 | 0.00% | 28.93% | 27.47% | 4,682 Cr | 211 Cr |
| Median 8 companies | ₹466.90 | 38.11 | 9,661 Cr | 3.87 | 0.42% | 11.28% | 15.14% | 5,680 Cr | 249 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
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Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
4- Stock is trading at 3.67 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of -3.56% over last 3 years.
Technical Indicators
Oscillators
Bullish
Overall
Neutral
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year Operating margin 8% · Sep 2026
Quarterly Results
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,259 | 940 | 904 | 944 | 951 | 1,166 | 1,198 | 1,306 | 1,221 | 1,182 | 1,202 | 937 | 1,341 |
| Expenses | 1,228 | 997 | 895 | 915 | 948 | 1,102 | 1,116 | 1,215 | 1,152 | 1,132 | 1,099 | 835 | 1,229 |
| Operating Profit | 31 | -56 | 10 | 29 | 3 | 63 | 82 | 91 | 68 | 50 | 102 | 102 | 112 |
| OPM % | 2.5% | -6% | 1.1% | 3.1% | 0.3% | 5% | 7% | 7% | 6% | 4.3% | 9% | 11% | 8% |
| Other Income | 1 | 4 | 1 | 1 | 3 | 2 | 23 | 3 | 2 | 6 | 5 | 4 | 3 |
| Interest | 31 | 37 | 41 | 38 | 38 | 40 | 42 | 29 | 34 | 36 | 32 | 29 | 29 |
| Depreciation | 10 | 10 | 11 | 12 | 12 | 13 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| PBT | -9 | -99 | -40 | -19 | -44 | 14 | 51 | 53 | 25 | 9 | 64 | 64 | 74 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -9 | -99 | -40 | -19 | -44 | 14 | 51 | 53 | 25 | 9 | 64 | 64 | 74 |
| EPS (₹) | -0.34 | -3.79 | -1.55 | -0.73 | -1.69 | 0.52 | 1.96 | 2.02 | 0.94 | 0.34 | 2.46 | 2.44 | 2.84 |
Profit & Loss
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,908 | 2,656 | 2,758 | 2,525 | 2,459 | 2,106 | 2,043 | 4,038 | 4,085 | 3,873 | 4,259 | 4,910 | 4,661 |
| Expenses | 2,867 | 2,629 | 2,635 | 2,464 | 2,479 | 2,128 | 1,950 | 3,734 | 4,041 | 3,910 | 4,080 | 4,598 | 4,295 |
| Operating Profit | 41 | 27 | 122 | 61 | -20 | -22 | 93 | 304 | 44 | -37 | 179 | 312 | 366 |
| OPM % | 1.4% | 1% | 4.4% | 2.4% | -0.8% | -1.1% | 4.6% | 8% | 1.1% | -0.9% | 4.2% | 6% | 8% |
| Other Income | 202 | 136 | 5 | -24 | 55 | 20 | 10 | 9 | 22 | 4 | 28 | 16 | 19 |
| Interest | 45 | 50 | 43 | 54 | 91 | 92 | 66 | 62 | 60 | 132 | 157 | 130 | 126 |
| Depreciation | 158 | 143 | 117 | 78 | 79 | 86 | 34 | 31 | 31 | 39 | 48 | 48 | 48 |
| PBT | 40 | -31 | -33 | -94 | -135 | -180 | 3 | 219 | -25 | -203 | 1 | 150 | 211 |
| Tax % | -1% | -56% | -38% | -140% | -40% | 75% | -3245% | -23% | -1% | 0% | 0% | 0% | — |
| Net Profit | 40 | -14 | -21 | 38 | -81 | -317 | 113 | 269 | -25 | -203 | 1 | 150 | 211 |
| EPS (₹) | 2.65 | -0.89 | -1.36 | 2.48 | -5.36 | -12.12 | 4.34 | 10.3 | -0.94 | -7.79 | 0.05 | 5.75 | 8.08 |
| Div. Payout % | 38% | -112% | -73% | 40% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 152 | 152 | 152 | 152 | 152 | 261 | 261 | 261 | 261 | 261 | 261 | 261 | 261 |
| Reserves | 476 | 436 | 397 | 450 | 350 | -39 | 72 | 339 | 312 | 107 | 107 | 258 | 396 |
| Borrowings | 713 | 658 | 517 | 321 | 307 | 471 | 395 | 354 | 890 | 1,339 | 1,136 | 1,140 | 861 |
| Other Liabilities | 846 | 823 | 820 | 1,006 | 799 | 790 | 983 | 1,152 | 1,250 | 1,199 | 1,431 | 1,585 | 1,614 |
| Total Liabilities | 2,187 | 2,069 | 1,886 | 1,929 | 1,608 | 1,483 | 1,711 | 2,105 | 2,713 | 2,907 | 2,936 | 3,244 | 3,132 |
| Fixed Assets | 1,176 | 1,270 | 1,134 | 935 | 898 | 703 | 691 | 702 | 783 | 1,217 | 1,264 | 1,232 | 1,221 |
| CWIP | 206 | 3 | 6 | 16 | 11 | 7 | 9 | 35 | 324 | 105 | 36 | 42 | 38 |
| Investments | 10 | 4 | 16 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 795 | 791 | 730 | 977 | 698 | 773 | 1,012 | 1,368 | 1,605 | 1,584 | 1,636 | 1,970 | 1,873 |
| Total Assets | 2,187 | 2,069 | 1,886 | 1,929 | 1,608 | 1,483 | 1,711 | 2,105 | 2,713 | 2,907 | 2,936 | 3,244 | 3,132 |
Cash Flow
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -28 | -89 | 221 | 127 | 39 | -119 | 182 | 200 | -81 | -97 | 391 | 134 |
| Investing | -34 | 207 | -3 | -33 | 53 | 40 | -18 | -75 | -348 | -258 | -36 | -14 |
| Financing | 65 | -115 | -208 | -111 | -93 | 87 | -174 | -123 | 479 | 322 | -354 | -127 |
| Net Cash Flow | 3 | 3 | 10 | -17 | -1 | 8 | -9 | 2 | 50 | -32 | 1 | -7 |
| Free Cash Flow | -299 | -124 | 219 | 84 | -38 | -130 | 156 | 120 | -441 | -357 | 352 | 111 |
| CFO/EBITDA | -53 | -325 | 181 | 210 | -201 | 540 | 179 | 65 | -176 | 258 | 219 | 43 |
Ratios
| Particulars | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 16 | 16 | 29 | 20 | 16 | 19 | 17 | 14 | 16 | 14 | 18 |
| Inventory Days | 46 | 48 | 46 | 48 | 36 | 57 | 102 | 67 | 73 | 67 | 65 | 65 |
| Days Payable | 80 | 87 | 92 | 136 | 132 | 126 | 221 | 126 | 125 | 120 | 142 | 141 |
| Cash Conversion Cycle | -24 | -23 | -30 | -60 | -76 | -53 | -100 | -43 | -38 | -38 | -63 | -58 |
| Working Capital Days | -50 | -42 | -43 | -50 | -69 | -52 | -62 | -22 | -25 | -81 | -73 | -42 |
| ROCE % | — | -8% | 1% | -1% | -8% | — | 11% | 33% | 3% | -4% | 10% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY11–FY27.
Documents
Frequently Asked Questions about Indo Rama Synthetics
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Company Information
Incorporated in 1989, Indo Rama Synthetics Ltd is a manufacturer of polyester yarns and fibres[1]
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