---
title: "Raj Rayon Industries Ltd (RAJRILTD) — Share Price, Financials & Analysis"
symbol: "RAJRILTD"
company: "Raj Rayon Industries Ltd"
canonical: "https://tapetide.com/stocks/RAJRILTD"
isin: "INE533D01032"
nse_symbol: "RAJRILTD"
bse_code: "530699"
sector: "Textiles"
industry: "Textile Processing"
market_cap_cr: 1189.46
generated_at: "2026-09-13T19:58:08.355Z"
---

# Raj Rayon Industries Ltd (RAJRILTD)

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

## Company

- **NSE Symbol:** RAJRILTD
- **BSE Code:** 530699
- **ISIN:** INE533D01032
- **Sector:** Textiles
- **Industry:** Textile Processing
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2022-03-16
- **CEO:** Mr. Chintan Mukesh Dharod
- **Employees:** 363
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** rajrayon.com

## About

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

## Latest Price

- **Price:** ₹21.1
- **Change:** -0.09 (-0.42%)
- **Open:** ₹21.1
- **Day High:** ₹21.39
- **Day Low:** ₹20.78
- **Previous Close:** ₹21.19
- **Volume:** 8744
- **As Of:** 2026-09-11T09:48:46+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:28.839917Z.

- **Market Cap:** ₹1189.46 Cr
- **Classification:** Microcap
- **P/E (reported):** 33.6
- **P/E (TTM):** 34.03
- **EPS (TTM):** ₹0.62
- **EPS (reported):** ₹0.07
- **Book Value:** ₹2.36
- **Price to Book:** 8.95
- **Dividend Yield:** 0%
- **ROE:** 21.72%
- **ROCE:** 16.32%
- **Debt to Equity:** 1.88
- **Revenue (yearly):** ₹1184.6 Cr
- **Net Income:** ₹34 Cr
- **EBITDA:** ₹68.6 Cr
- **52-Week High:** ₹28.9
- **52-Week Low:** ₹19.41
- **RSI (14):** 36.41

## Tapetide Score

- **Score:** 44 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 25 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 22.62 | 9% |
| growth | 71.66 | 9% |
| momentum | 44.55 | 12% |
| ownership | 44.58 | 24% |
| quality | 53.43 | 22% |
| valuation | 31.16 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 24.4% CAGR over last 5 years

### Weaknesses

- Stock is trading at 8.92 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 223.36% | 51.26% | — |
| ebitda margin growth | 6.4% | 44.39% | 33.72% | -100.14% |
| net income growth | -50.71% | 146.38% | 67% | 24% |
| revenue growth | -30.55% | 38.7% | 105% | 552.7% |
| roce | — | 111.67% | 62.71% | 133.38% |
| roe | — | 92.72% | 12.24% | -96.6% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 179.65 | 195.37 | 217.08 | 202.22 | 211.98 | 229.33 | 205.85 | 260.19 | 319.32 | 305.39 | 294.82 | 204.46 |
| Expenses | 171.67 | 185.13 | 210.15 | 198.92 | 209.88 | 215.84 | 195.22 | 244.85 | 303.73 | 288.76 | 278.67 | 187.18 |
| Operating Profit | 7.98 | 10.24 | 6.93 | 3.3 | 2.1 | 13.49 | 10.63 | 15.34 | 15.59 | 16.63 | 16.15 | 17.28 |
| OPM % | 4.44 | 5.24 | 3.19 | 1.63 | 0.99 | 5.88 | 5.16 | 5.9 | 4.88 | 5.45 | 5.48 | 8.45 |
| Other Income | 0.74 | 0.63 | 0.94 | 0.94 | 0.79 | 0.41 | 2.61 | 0.21 | 3.05 | 0.58 | 1.06 | 1 |
| Interest | 2.18 | 2.83 | 3.97 | 3.68 | 3.83 | 3.4 | 2.66 | 4 | 4.23 | 4.9 | 4.79 | 5.18 |
| Depreciation | 2.74 | 2.59 | 3.47 | 3.07 | 3.11 | 3.13 | 3.12 | 4.11 | 4.49 | 4.92 | 4.86 | 5.03 |
| Profit before tax | 3.8 | 5.45 | 0.43 | -2.51 | -4.05 | 7.37 | 7.46 | 7.44 | 9.92 | 7.39 | 7.56 | 8.07 |
| Tax % | -1.05 | 62.39 | 597.67 | 38.65 | 6.42 | -10.72 | -80.16 | 18.41 | 19.15 | 20.57 | -85.58 | 14.99 |
| Net Profit | 3.84 | 2.05 | -2.14 | -3.48 | -4.31 | 8.15 | 13.44 | 6.07 | 8.02 | 5.87 | 14.03 | 6.86 |
| EPS in Rs | 0.07 | 0.04 | -0.04 | -0.06 | -0.08 | 0.15 | 0.24 | 0.11 | 0.14 | 0.11 | 0.25 | 0.12 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 76 | 18 | 0 | 0 | 0 | 137 | 745 | 849 | 1180 | 1124 |
| Expenses | 92 | 30 | 1 | 0 | 2 | 135 | 718 | 820 | 1116 | 1058 |
| Operating Profit | -16 | -12 | -1 | 0 | -2 | 2 | 27 | 30 | 64 | 66 |
| OPM % | -21 | -65 | — | — | — | 1.3 | 3.7 | 3.5 | 5 | 6 |
| Other Income | 0 | 0 | 3 | 1 | 671 | 0 | 5 | 5 | 5 | 6 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 14 | 18 | 19 |
| Depreciation | 37 | 37 | 36 | 36 | 28 | 13 | 11 | 12 | 18 | 19 |
| Profit before tax | -53 | -48 | -34 | -35 | 641 | -13 | 10 | 8 | 32 | 33 |
| Tax % | 0 | 0 | 0 | 0 | 0 | -1 | 59 | -67 | -5 | — |
| Net Profit | -53 | -48 | -34 | -35 | 641 | -12 | 4 | 14 | 34 | 35 |
| EPS in Rs | -1.52 | -1.39 | -0.98 | -1 | 2807.32 | -0.22 | 0.07 | 0.25 | 0.61 | 0.62 |
| 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 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 0.23 | 56 | 56 | 56 | 56 |
| Reserves | -471 | -523 | -572 | -605 | -640 | 100 | 49 | 28 | 42 | 76 |
| Borrowings | 719 | 718 | 714 | 709 | 709 | 0 | 125 | 201 | 264 | 248 |
| Other Liabilities | 59 | 56 | 53 | 52 | 52 | 2 | 82 | 136 | 140 | 219 |
| Total Liabilities | 342 | 285 | 230 | 191 | 155 | 102 | 311 | 421 | 502 | 598 |
| Fixed Assets | 274 | 237 | 198 | 161 | 126 | 89 | 138 | 219 | 212 | 342 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 6 | 8 | 3 | 101 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 |
| Other Assets | 68 | 48 | 32 | 30 | 30 | 8 | 165 | 199 | 188 | 230 |
| Total Assets | 342 | 285 | 230 | 191 | 155 | 102 | 311 | 421 | 502 | 598 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | -1 | -2 | 0 | 0 | -5 | -75 | 79 | 37 | 119 |
| Cash from Investing Activity | 0 | 1 | 2 | 4 | 0 | -6 | -65 | -111 | -83 | -83 |
| Cash from Financing Activity | -6 | -1 | 0 | -4 | 0 | 11 | 140 | 39 | 47 | -32 |
| Net Cash Flow | 1 | -1 | 0 | 0 | 0 | 0 | 0 | 7 | 1 | 4 |
| Free Cash Flow | 7 | -1 | -2 | 4 | 0 | -11 | -139 | -10 | -68 | 71 |
| CFO/OP | -40 | 10 | 16 | -1 | -9 | 203 | -4210 | 291 | 125 | 187 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 28 | 108 | 336 | — | — | — | 61 | 18 | 12 | 9 |
| Inventory Days | 30 | 35 | 14 | — | — | — | 248 | 62 | 57 | 46 |
| Days Payable | 10 | 19 | 30 | — | — | — | 249 | 76 | 68 | 82 |
| Cash Conversion Cycle | 48 | 124 | 319 | — | — | — | 60 | 4 | 1 | -26 |
| Working Capital Days | -457 | -3427 | -14506 | — | — | — | -28 | -22 | -19 | -27 |
| ROCE % | -20 | -20 | -24 | -24 | -29 | -30 | -7 | 7 | 7 | 14 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% | 94.13% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.77% | 0.33% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.04% | 0.04% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 4.94% | 5.29% | 5.54% | 5.55% | 5.54% | 5.53% | 5.58% | 5.59% | 5.59% | 5.63% | 5.63% | 5.62% |
| Others | 0.15% | 0.24% | 0.28% | 0.27% | 0.28% | 0.29% | 0.24% | 0.23% | 0.24% | 0.2% | 0.2% | 0.25% |
| No. of Shareholders | 22081 | 24705 | 26151 | 26290 | 26835 | 27509 | 28699 | 27748 | 27027 | 26676 | 26492 | 26247 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 21.96 | Sell |
| EMA (10) | 21.76 | Sell |
| SMA (20) | 22.34 | Sell |
| EMA (20) | 21.98 | Sell |
| SMA (50) | 21.84 | Sell |
| EMA (50) | 21.9 | Sell |
| SMA (100) | 21.48 | Sell |
| EMA (100) | 21.8 | Sell |
| SMA (200) | 21.67 | Sell |
| EMA (200) | 22.13 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 35.42 | Neutral |
| MACD (12,26,9) | -0.16 | Sell |
| Stochastic (14,3,3) | 10.7 | Buy |
| ADX (14) | 19.58 | Neutral |
| Williams %R (14) | -89.08 | Buy |
| ATR (14) | 0.68 | High Volatility |
| ROC (12) | -8.54 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 37.13 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=be2ce22b-1c58-48d7-8aab-3787b50bfa19.pdf) |
| 2026-09-07 | [33Rd AGM Notice To Be Held On 30.09.2026 At 12.00 Noon Through VCOM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=980fa2f0-b30a-4ef1-86e8-1f338a433a52.pdf) |
| 2026-09-07 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3b896fd-9327-401b-a395-131e6adba42f.pdf) |
| 2026-09-07 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=333c668f-2fdb-4983-b45a-1c1121f019f6.pdf) |
| 2026-08-25 | [Intimation Of Schedule Of Analyst / Institutional Investor Meetings Under The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07d61f07-6d04-4510-b3e6-d7c9e5fce542.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40cf5147-1a98-471b-b5aa-5cd595827cc8.pdf) |
| 2026-08-14 | [News Paper _June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b710aaeb-1bc6-4fc8-b717-c9500b9ea733.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Board Of Directors Of The Company At Its Meeting Held Today Wednesday 12Th August 2026 Has Inter- Alia Considered Approved And Taken On Record The Un-Audited Financial Results Of The Company For The First Quarter Ended June 30 2](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=86ab7cfe-a819-472f-a8dd-8f6b46b7253b.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adab51a3-f255-431a-bf85-8a21cac7d8c3.pdf) |
| 2026-08-10 | [Intimation Of Schedule Of Analyst / Institutional Investor Meetings Under The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f1539e97-0fbe-4184-8966-6ea0542a0425.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-12 | [Board Of Directors Of The Company At Its Meeting Held Today Wednesday 12Th August 2026 Has Inter- Alia Considered Approved And Taken On Record The Un-Audited Financial Results Of The Company For The First Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb424b03-9546-429d-b6c5-ba774144275c.pdf) |
| 2026-05-14 | [Approved And Taken On Record The Audited Financial Results Of The Company For The Last Quarter & Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd216585-7d39-482c-843e-24ed3185870b.pdf) |
| 2026-02-06 | [Unaudited Results For The Quarter And Nine Months Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0e65d8ad-2c10-48c5-81a6-c51ddcc9c79f.pdf) |
| 2025-11-13 | [Outcome Of Board Meeting Held On Thursday November 13 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0dce4c32-92f8-4045-b5c4-f7b2a595e6f4.pdf) |
| 2025-08-05 | [The Un-Audited Financial Results Of The Company For The First Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=03441184-7330-4d1c-99bd-1c0d6651ff28.pdf) |
| 2025-05-29 | [Audited Financial Results For The Last Quarter & Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=958fdb11-d252-4b93-afc4-28ffd2394732.pdf) |
| 2025-02-11 | [The Company At Its Meeting Held Today Tuesday 11Th February 2025 Has Inter- Alia Considered Approved And Taken On Record The Un-Audited Financial Results Of The Company For The Quarter And Nine Month](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cac9d0e-efc5-458c-8d92-346eef66725a.pdf) |
| 2024-11-14 | [Un-Audited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4088af37-b0ac-40d6-a426-929fc058fd76.pdf) |
| 2024-08-13 | [The Un-Audited Financial Results Of The Company For The First Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=384c42aa-0484-4e01-ae55-e22788eb819f.pdf) |
| 2024-05-28 | [The Board Of Directors Of The Company At Its Meeting Held On 28Th May, 2024 Has Inter- Alia:1. Approved And Taken On Record The Audited Financial Results Of The Company For The Last Quarter & Year Ended March 31, 2024, Copy Of The Same Is Attached](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a6d99a3b-2980-4f5e-b743-e0311132e28e.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a3601a94-9838-42e4-83bc-0208aac8d686.pdf) |
| 2024-05-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=74382817-7b0b-4fa1-84e1-b6c2053e888e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Newspaper publication regarding Special Window for re-lodgment of physical share transfer requests | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Feb - Newspaper publication regarding Special Window for re-lodgment of physical share transfer requests](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab62658a-e53e-4fcd-9096-3ecda1ffd442.pdf) |
| 9 Feb - News paper publication for unaudited financial results for the quart ended 31.12.2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Feb - News paper publication for unaudited financial results for the quart ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d15e64-a50e-4404-8516-00e33f41ff1d.pdf) |
| 6 Feb - Board approved unaudited Q3 and 9M results to Dec 31, 2025; Q3 PAT ₹586.82L, 9M PAT ₹1,996.06L | [Board Meeting Outcome for Submission Of Outcome Of Board Meeting Held On 06.02.2026 6 Feb - Board approved unaudited Q3 and 9M results to Dec 31, 2025; Q3 PAT ₹586.82L, 9M PAT ₹1,996.06L](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ecd633d9-76e8-4802-aa43-0b11244860f3.pdf) |
| 30 Jan - Board meeting Feb 6, 2026 to consider Unaudited Q3/9M results; trading window closed until 48 hours after results. | [Board Meeting Intimation for Consider And Approve Un-Audited Financial Results/Statements Of The Company For The Third Quarter And Nine Months Ended December, 31, 2025 30 Jan - Board meeting Feb 6, 2026 to consider Unaudited Q3/9M results; trading window closed until 48 hours after results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec828601-126f-4d42-9f66-c3ae84f5ac7c.pdf) |
| 21 Apr - Raj Rayon confirms it is not a Large Corporate as of 31 March 2026. | [Intimation Regarding Non-Applicability Of Large Entity Disclosure 21 Apr - Raj Rayon confirms it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1090bc39-bf15-482d-a13b-1bc3e07ca401.pdf) |
| 17h - Board meets May 14, 2026 to consider audited results for quarter and year ended March 31, 2026. | [Board Meeting Intimation for Audited Financial Results/Statements Of The Company For The Quarter And Year Ended March 31, 2026. 17h - Board meets May 14, 2026 to consider audited results for quarter and year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/a860fd63-916e-4439-92df-99ed8cc690ea.pdf) |
| 16h - Raj Rayon confirms it is not a Large Corporate as of 31 March 2026. | [Intimation Regarding Non-Applicability Of Large Entity Disclosure 16h - Raj Rayon confirms it is not a Large Corporate as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1090bc39-bf15-482d-a13b-1bc3e07ca401.pdf) |
| 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f570bc0-82ed-474c-9f71-201c794e7c48.pdf) |
| — | [Closure of Trading Window 25 Mar](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d4cedd33-599a-493c-9c88-f837e976d818.pdf) |
| — | [Unaudited Results For The Quarter And Nine Months Ended 31.12.2025 6 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0e65d8ad-2c10-48c5-81a6-c51ddcc9c79f.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74382817-7b0b-4fa1-84e1-b6c2053e888e.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3241cedf-24d5-4b0b-85f5-302933b36536.pdf) |
| Jul 2025 | [Concall - Jul 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3241cedf-24d5-4b0b-85f5-302933b36536.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_RAJRAYON_2010_2011_15092011120506.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/772231e5-61d4-40eb-8056-3e482fecd37c.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10429332-d232-42ff-9d99-143ffc3a4821.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96412102-4cc5-4913-9b7b-3308fbbae9c2.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/76178530699.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/72267530699.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/68346530699.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/5306990319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/5306990318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/530699/5306990317.pdf) |

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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 2026-09-13T19:58:08.355Z.