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Last Updated: April 2, 2026, 4:12 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500270 | NSE: BARODARY

Baroda Rayon Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹82.02Overvalued by 24.75%vs CMP ₹109.00

P/E (8.0) × ROE (7.5%) × BV (₹168.00) × DY (2.00%)

₹269.70Undervalued by 147.43%vs CMP ₹109.00
MoS: +59.6% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹52.8822%Over (-51.5%)
Graham NumberEarnings₹262.4316%Under (+140.8%)
Earnings PowerEarnings₹197.4211%Under (+81.1%)
DCFCash Flow₹95.6213%Over (-12.3%)
Net Asset ValueAssets₹167.637%Under (+53.8%)
EV/EBITDAEnterprise₹33.009%Over (-69.7%)
Earnings YieldEarnings₹182.207%Under (+67.2%)
ROCE CapitalReturns₹1,696.789%Under (+1456.7%)
Revenue MultipleRevenue₹43.435%Over (-60.2%)
Consensus (9 models)₹269.70100%Undervalued
Key Drivers: EPS CAGR -35.5% drags value — could be higher if earnings stabilize. | Wide model spread (₹33–₹1,697) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -35.5%

*Investments are subject to market risks

Investment Snapshot

57
Baroda Rayon Corporation Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 5.0% WeakROE 7.5% AverageD/E -0.69 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 67.5% Stable
Earnings Quality30/100 · Weak
OPM contracting (203% → 20%) DecliningWorking capital: 1,773 days Capital intensive
Quarterly Momentum100/100 · Strong
Revenue (4Q): +110% YoY AcceleratingProfit (4Q): +103% YoY StrongOPM: 30.8% (up 3.8% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 8.0 vs industry 180.9 Cheaper than peersROCE 5.0% vs industry 8.1% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:12 am

Market Cap 251 Cr.
Current Price 109
Intrinsic Value₹269.70
High / Low 176/100
Stock P/E8.02
Book Value 168
Dividend Yield0.00 %
ROCE5.04 %
ROE7.46 %
Face Value 10.0
PEG Ratio-0.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Baroda Rayon Corporation Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Baroda Rayon Corporation Ltd 251 Cr. 109 176/1008.02 1680.00 %5.04 %7.46 % 10.0
Bhudevi Infra Projects Ltd 109 Cr. 237 336/207 0.170.00 %10.0 %39.5 % 10.0
Century Enka Ltd 859 Cr. 393 555/37112.0 6592.54 %5.98 %4.24 % 10.0
Filatex India Ltd 1,794 Cr. 40.4 66.1/34.09.70 31.70.62 %14.1 %10.6 % 1.00
Paras Petrofils Ltd 83.2 Cr. 2.49 3.24/1.53694 0.620.00 %5.42 %5.49 % 1.00
Industry Average753.25 Cr131.03180.93201.420.53%8.11%13.46%7.00

All Competitor Stocks of Baroda Rayon Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 7.5337.1154.266.419.047.1310.4917.2615.1056.7522.3613.0612.64
Expenses -226.2534.1649.685.376.585.908.1912.1411.0241.2114.908.558.75
Operating Profit 233.782.954.581.042.461.232.305.124.0815.547.464.513.89
OPM % 3,104.65%7.95%8.44%16.22%27.21%17.25%21.93%29.66%27.02%27.38%33.36%34.53%30.78%
Other Income 6.7222.124.379.589.294.444.080.530.329.530.202.020.99
Interest 1.302.070.770.540.361.030.040.160.070.650.490.430.58
Depreciation 0.000.030.010.010.020.020.040.060.060.060.070.070.07
Profit before tax 239.2022.978.1710.0711.374.626.305.434.2724.367.106.034.23
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 239.2022.978.1710.0611.374.626.305.424.2624.367.106.044.23
EPS in Rs 104.4010.033.574.394.962.022.752.371.8610.633.102.641.85

Last Updated: March 3, 2026, 11:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 12:40 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0000000005877100105
Expenses 13012262122-327-179687273
Operating Profit -13-0-1-2-2-6-2-12232723892731
OPM % 406%12%27%30%
Other Income 19003-37021-15342281413
Interest 6001100167312
Depreciation 3330000000000
Profit before tax -3-4-4-0-40-618-124375273344042
Tax % 0%0%0%0%0%-1%0%0%0%0%0%0%
Net Profit -3-4-4-0-40-618-124375273344042
EPS in Rs -1.46-1.53-1.82-0.10-17.34-2.567.88-53.97163.50119.0414.9417.6118.22
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-33.33%0.00%100.00%85.00%400.00%-788.89%402.42%-27.20%-87.55%17.65%
Change in YoY Net Profit Growth (%)0.00%33.33%100.00%-15.00%315.00%-1188.89%1191.31%-429.62%-60.35%105.19%

Baroda Rayon Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:237%
Compounded Profit Growth
10 Years:26%
5 Years:68%
3 Years:-55%
TTM:190%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:18%
1 Year:-18%
Return on Equity
10 Years:%
5 Years:%
3 Years:32%
Last Year:8%

Last Updated: September 5, 2025, 2:36 pm

Balance Sheet

Last Updated: March 3, 2026, 12:36 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23232323232323232323232323
Reserves -161-175-199-214-261-267-249-3732275309349363
Borrowings 1497178211215224228242295245211175194
Other Liabilities 16023825311811611289209959498155180
Total Liabilities 170157155139939292102415637642702760
Fixed Assets 158145122108636363412332019
CWIP 000-0-0-0-0-0-0-0-0-0-0
Investments 6666666677111
Other Assets 66262524232355406627638682740
Total Assets 170157155139939292102415637642702760

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -12777-6-133-3-9-4-17-8522-342
Cash from Investing Activity + 0000000340258-14
Cash from Financing Activity + 126-7761333941346-40-12-29
Net Cash Flow -000-0000-017-6-1
Free Cash Flow -12777-6-133-3-9-4-14-4447528
CFO/OP 979%-20,919%695%6,068%182%162%171%14%-26%9%-32%155%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-162.00-71.00-79.00-213.00-217.00-230.00-230.00-364.0032.00-7.00-202.00-148.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1169283
Inventory Days 10,699
Days Payable 60
Cash Conversion Cycle 10,7559283
Working Capital Days 2,8342,3891,773
ROCE %308%55%2%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 67.53%67.53%67.52%67.52%67.52%67.52%67.52%67.52%67.52%67.52%67.52%67.52%
FIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
DIIs 1.08%1.08%1.08%1.02%1.02%1.02%1.02%1.02%1.01%1.01%1.01%1.00%
Public 31.38%31.37%31.37%31.45%31.45%31.45%31.45%31.46%31.46%31.46%31.46%31.45%
No. of Shareholders 84,76384,41083,04781,88680,73779,99278,87878,48778,22777,96077,61477,281

Shareholding Pattern Chart

No. of Shareholders

Baroda Rayon Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 17.6114.94119.04163.49-53.97
Diluted EPS (Rs.) 12.6714.94119.04158.04-53.97
Cash EPS (Rs.) 17.7114.96119.06163.49-53.97
Book Value[Excl.RevalReserv]/Share (Rs.) 162.50144.89129.9510.91-152.59
Book Value[Incl.RevalReserv]/Share (Rs.) 162.50144.89129.9510.91-152.59
Revenue From Operations / Share (Rs.) 43.4733.5325.510.000.00
PBDIT / Share (Rs.) 13.307.96114.68160.72-52.06
PBIT / Share (Rs.) 13.207.93114.66160.72-52.06
PBT / Share (Rs.) 17.6114.94119.04163.49-53.97
Net Profit / Share (Rs.) 17.6114.94119.04163.49-53.97
PBDIT Margin (%) 30.6023.73449.580.000.00
PBIT Margin (%) 30.3723.65449.520.000.00
PBT Margin (%) 40.5144.54466.700.000.00
Net Profit Margin (%) 40.5144.54466.700.000.00
Return on Networth / Equity (%) 10.8310.3091.601498.920.00
Return on Capital Employeed (%) 5.913.5354.97147.1980.84
Return On Assets (%) 5.745.3342.3990.25-120.81
Long Term Debt / Equity (X) 0.370.540.609.01-0.57
Total Debt / Equity (X) 0.460.630.8211.81-0.69
Asset Turnover Ratio (%) 0.140.110.110.000.00
Current Ratio (X) 3.544.953.792.420.20
Quick Ratio (X) 0.340.380.310.160.20
Inventory Turnover Ratio (X) 0.160.000.000.000.00
Interest Coverage Ratio (X) 24.846.7739.1560.08-212.09
Interest Coverage Ratio (Post Tax) (X) 24.656.7539.1460.08-212.09
Enterprise Value (Cr.) 473.48575.72585.61300.480.00
EV / Net Operating Revenue (X) 4.757.4910.020.000.00
EV / EBITDA (X) 15.5331.572.230.810.00
MarketCap / Net Operating Revenue (X) 3.014.775.970.000.00
Price / BV (X) 0.801.101.170.270.00
Price / Net Operating Revenue (X) 3.014.775.970.000.00
EarningsYield 0.130.090.7855.420.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Baroda Rayon Corporation Ltd. is a Public Limited Listed company incorporated on 30/06/1958 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L45100GJ1958PLC000892 and registration number is 000892. Currently Company is involved in the business activities of Manufacture of other textiles/textile products. Company's Total Operating Revenue is Rs. 99.60 Cr. and Equity Capital is Rs. 22.91 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
RealtyP.O. Fatehnagar, Udhna, Surat Gujarat 394220Contact not found
Management
NamePosition Held
Mr. Damodarbhai B PatelChairman & Managing Director
Mr. Viral D BhavaniWhole Time Director
Mrs. Vidhya V BhavaniNon Executive Director
Mr. Chimanlal N PatelIndependent Director
Mr. Zaverilal M RamaniIndependent Director
Mr. Rameshbhai V PatelIndependent Director

FAQ

What is the intrinsic value of Baroda Rayon Corporation Ltd and is it undervalued?

As of 15 April 2026, Baroda Rayon Corporation Ltd's intrinsic value is ₹269.70, which is 147.43% higher than the current market price of ₹109.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.46 %), book value (₹168), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Baroda Rayon Corporation Ltd?

Baroda Rayon Corporation Ltd is trading at ₹109.00 as of 15 April 2026, with a FY2026-2027 high of ₹176 and low of ₹100. The stock is currently near its 52-week low. Market cap stands at ₹251 Cr..

How does Baroda Rayon Corporation Ltd's P/E ratio compare to its industry?

Baroda Rayon Corporation Ltd has a P/E ratio of 8.02, which is below the industry average of 180.93. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Baroda Rayon Corporation Ltd financially healthy?

Key indicators for Baroda Rayon Corporation Ltd: ROCE of 5.04 % is on the lower side compared to the industry average of 8.11%; ROE of 7.46 % is below ideal levels (industry average: 13.46%). Dividend yield is 0.00 %.

Is Baroda Rayon Corporation Ltd profitable and how is the profit trend?

Baroda Rayon Corporation Ltd reported a net profit of ₹40 Cr in Mar 2025 on revenue of ₹100 Cr. Compared to ₹375 Cr in Mar 2022, the net profit shows a declining trend.

Does Baroda Rayon Corporation Ltd pay dividends?

Baroda Rayon Corporation Ltd has a dividend yield of 0.00 % at the current price of ₹109.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Baroda Rayon Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE