Indo Rama Synthetics (India) Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Indo Rama Synthetics (India) Ltd?

Indo Rama Synthetics (India) Ltd is trading at 32.60 as of 22 April 2026, with a FY2026-2027 high of 75.0 and low of 28.7. The stock is currently near its 52-week low. Market cap stands at 852 Cr..

Q: Is Indo Rama Synthetics (India) Ltd financially healthy?

Key indicators: ROCE of 9.94 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Indo Rama Synthetics (India) Ltd profitable and how is the profit trend?

Indo Rama Synthetics (India) Ltd reported a net profit of 1 Cr in Mar 2025 on revenue of 4,259 Cr. Compared to 269 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹0.56Overvalued by 98.28%vs CMP ₹32.60

P/E (6.1) × ROE (0.7%) × BV (₹17.10) × DY (2.00%)

₹30.06Fairly Valued by 7.79%vs CMP ₹32.60

MoS: -8.4% (Negative)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹0.49	26%	Over (-98.5%)
Graham Number	Earnings	₹44.99	16%	Under (+38%)
DCF	Cash Flow	₹10.10	16%	Over (-69%)
Net Asset Value	Assets	₹17.03	8%	Over (-47.8%)
EV/EBITDA	Enterprise	₹45.27	11%	Under (+38.9%)
Earnings Yield	Earnings	₹52.60	8%	Under (+61.3%)
ROCE Capital	Returns	₹64.77	8%	Under (+98.7%)
Revenue Multiple	Revenue	₹81.48	6%	Under (+149.9%)
Consensus (8 models)		₹30.06	100%	Fairly Valued

Key Drivers: ROE 0.7% is below cost of equity. | Wide model spread (₹0–₹81) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.6%

*Investments are subject to market risks

Analyst Summary

Indo Rama Synthetics (India) Ltd operates in the Textiles - Spinning - Synthetic Blended segment, current market price is ₹32.60, market cap is 852 Cr.. At a glance, stock P/E is 6.09, ROE is 0.66 %, ROCE is 9.94 %, book value is 17.1, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹30.06, around 7.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,259 Cr versus the prior period change of 10.0%, while latest net profit is about ₹1 Cr with a prior-period change of 100.5%. The 52-week range shown on this page is 75.0/28.7, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisIndo Rama Synthetics (India) Ltd. is a Public Limited Listed company incorporated on 28/04/1986 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Num…

This summary is generated from the stock page data available for Indo Rama Synthetics (India) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Indo Rama Synthetics (India) Ltd scores 53/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health38/100 · Weak

ROCE 9.9% AverageROE 0.7% WeakD/E 0.91 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money50/100 · Moderate

FII holding up 0.20% (6mo) Slight increaseDII holding down 1.64% MF sellingPromoter holding at 74.8% Stable

Earnings Quality50/100 · Moderate

OPM stable around 2% Steady

Quarterly Momentum70/100 · Strong

Revenue (4Q): +24% YoY Accelerating

Industry Rank65/100 · Strong

P/E 6.1 vs industry 47.4 Cheaper than peersROCE 9.9% vs industry 4.2% Above peersROE 0.7% vs industry 3.0% Below peers3Y sales CAGR: 2% Slow

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, 3:06 am

Market Cap	852 Cr.
Current Price	32.6
Intrinsic Value	₹30.06
High / Low	75.0/28.7
Stock P/E	6.09
Book Value	17.1
Dividend Yield	0.00 %
ROCE	9.94 %
ROE	0.66 %
Face Value	10.0
PEG Ratio	-0.48

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Indo Rama Synthetics (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indo Rama Synthetics (India) Ltd	852 Cr.	32.6	75.0/28.7	6.09	17.1	0.00 %	9.94 %	0.66 %	10.0
RSWM Ltd	604 Cr.	128	191/120	21.6	279	0.00 %	2.59 %	3.19 %	10.0
Banswara Syntex Ltd	346 Cr.	101	166/93.2	14.4	164	0.99 %	7.25 %	3.87 %	5.00
Modern Threads (I) Ltd	152 Cr.	43.7	62.0/31.4	13.0		0.00 %	2.90 %	1.41 %	10.0
Sangam (India) Ltd	2,148 Cr.	428	524/341	33.5	227	0.47 %	6.80 %	3.47 %	10.0
Industry Average	820.40 Cr	92.74		47.35	130.19	0.15%	4.20%	2.96%	8.20

All Competitor Stocks of Indo Rama Synthetics (India) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	889.68	880.01	769.62	1,259.42	940.10	904.14	944.30	950.53	1,165.63	1,198.47	1,305.71	1,220.64	1,182.05
Expenses	932.06	857.20	793.56	1,228.08	996.60	894.54	915.00	947.51	1,102.38	1,116.24	1,214.85	1,152.25	1,131.60
Operating Profit	-42.38	22.81	-23.94	31.34	-56.50	9.60	29.30	3.02	63.25	82.23	90.86	68.39	50.45
OPM %	-4.76%	2.59%	-3.11%	2.49%	-6.01%	1.06%	3.10%	0.32%	5.43%	6.86%	6.96%	5.60%	4.27%
Other Income	0.38	5.03	0.58	0.53	4.26	1.42	1.10	2.70	2.47	22.76	2.85	1.71	6.42
Interest	16.29	20.10	23.51	30.82	36.65	40.65	38.02	38.07	39.56	41.59	29.03	33.57	36.09
Depreciation	7.64	7.63	8.31	9.82	10.12	10.85	11.56	11.73	12.57	12.33	11.93	11.98	12.00
Profit before tax	-65.93	0.11	-55.18	-8.77	-99.01	-40.48	-19.18	-44.08	13.59	51.07	52.75	24.55	8.78
Tax %	0.00%	-1,372.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-65.93	1.62	-55.18	-8.77	-99.01	-40.48	-19.18	-44.08	13.59	51.07	52.75	24.55	8.78
EPS in Rs	-2.52	0.06	-2.11	-0.34	-3.79	-1.55	-0.73	-1.69	0.52	1.96	2.02	0.94	0.34

Last Updated: February 5, 2026, 1:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,908	2,656	2,758	2,525	2,459	2,106	2,043	4,038	4,085	3,873	4,259	4,907
Expenses	2,867	2,629	2,635	2,464	2,479	2,128	1,950	3,734	4,041	3,910	4,080	4,615
Operating Profit	41	27	122	61	-20	-22	93	304	44	-37	179	292
OPM %	1%	1%	4%	2%	-1%	-1%	5%	8%	1%	-1%	4%	6%
Other Income	202	136	5	-24	55	20	10	9	22	4	28	34
Interest	45	50	43	54	91	92	66	62	60	132	157	140
Depreciation	158	143	117	78	79	86	34	31	31	39	48	48
Profit before tax	40	-31	-33	-94	-135	-180	3	219	-25	-203	1	137
Tax %	-1%	-56%	-38%	-140%	-40%	75%	-3,245%	-23%	-1%	0%	0%
Net Profit	40	-14	-21	38	-81	-317	113	269	-25	-203	1	137
EPS in Rs	2.65	-0.89	-1.36	2.48	-5.36	-12.12	4.34	10.30	-0.94	-7.79	0.05	5.26
Dividend Payout %	38%	-112%	-73%	40%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-135.00%	-50.00%	280.95%	-313.16%	135.65%	138.05%	-109.29%	-712.00%	100.49%
Change in YoY Net Profit Growth (%)	0.00%	85.00%	330.95%	-594.11%	448.80%	2.41%	-247.35%	-602.71%	812.49%

Indo Rama Synthetics (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2013-2014 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	15%
3 Years:	2%
TTM:	14%

Compounded Profit Growth
10 Years:	8%
5 Years:	15%
3 Years:	-79%
TTM:	144%

Stock Price CAGR
10 Years:	7%
5 Years:	23%
3 Years:	-5%
1 Year:	8%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	-15%
Last Year:	1%

Last Updated: September 5, 2025, 7:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	152	152	152	152	152	261	261	261	261	261	261	261
Reserves	476	436	397	450	350	-39	72	339	312	107	107	184
Borrowings	713	658	517	321	307	471	395	354	890	1,339	1,136	1,087
Other Liabilities	846	823	820	1,006	799	790	983	1,152	1,250	1,199	1,431	1,439
Total Liabilities	2,187	2,069	1,886	1,929	1,608	1,483	1,711	2,105	2,713	2,907	2,936	2,971
Fixed Assets	1,176	1,270	1,134	935	898	703	691	702	783	1,217	1,264	1,247
CWIP	206	3	6	16	11	7	9	35	324	105	36	38
Investments	10	4	16	1	1	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	1,685
Total Assets	2,187	2,069	1,886	1,929	1,608	1,483	1,711	2,105	2,713	2,907	2,936	2,971

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-28	-89	221	127	39	-119	182	200	-81	-97	391
Cash from Investing Activity +	-34	207	-3	-33	53	40	-18	-75	-348	-258	-36
Cash from Financing Activity +	65	-115	-208	-111	-93	87	-174	-123	479	322	-354
Net Cash Flow	3	3	10	-17	-1	8	-9	2	50	-32	1
Free Cash Flow	-299	-124	219	84	-38	-130	156	120	-441	-357	352
CFO/OP	-53%	-325%	181%	210%	-201%	540%	179%	65%	-176%	258%	219%

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-672.00	-631.00	-395.00	-260.00	-327.00	-493.00	-302.00	-50.00	-846.00	-38.00	178.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	11	16	16	29	20	16	19	17	14	16	14
Inventory Days	46	48	46	48	36	57	102	67	73	67	65
Days Payable	80	87	92	136	132	126	221	126	125	120	142
Cash Conversion Cycle	-24	-23	-30	-60	-76	-53	-100	-43	-38	-38	-63
Working Capital Days	-50	-42	-43	-50	-69	-52	-62	-22	-25	-81	-73
ROCE %		-8%	1%	-1%	-8%		11%	33%	3%	-4%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.85%	74.85%	74.85%	74.85%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%	74.84%
FIIs	0.19%	0.17%	0.17%	0.16%	0.03%	0.00%	0.01%	0.00%	0.01%	0.50%	0.37%	0.21%
DIIs	3.07%	3.07%	3.07%	3.07%	2.89%	2.89%	2.57%	2.56%	2.56%	0.92%	0.92%	0.92%
Public	21.89%	21.91%	21.92%	21.92%	22.24%	22.27%	22.56%	22.59%	22.58%	23.73%	23.86%	24.03%
No. of Shareholders	25,027	25,269	25,893	25,878	28,572	28,279	29,840	30,271	29,697	28,721	26,651	26,947

Shareholding Pattern Chart

No. of Shareholders

Indo Rama Synthetics (India) 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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	0.05	-7.79	-0.94	10.30	4.34
Diluted EPS (Rs.)	0.05	-7.79	-0.94	10.30	4.34
Cash EPS (Rs.)	1.90	-6.29	0.25	11.50	5.63
Book Value[Excl.RevalReserv]/Share (Rs.)	14.10	14.10	21.93	22.99	12.76
Book Value[Incl.RevalReserv]/Share (Rs.)	14.10	14.10	21.93	22.99	12.76
Revenue From Operations / Share (Rs.)	163.11	148.34	156.44	154.65	78.24
PBDIT / Share (Rs.)	7.92	-1.25	2.54	11.97	4.39
PBIT / Share (Rs.)	6.08	-2.75	1.34	10.77	3.10
PBT / Share (Rs.)	0.05	-7.79	-0.94	8.40	0.12
Net Profit / Share (Rs.)	0.05	-7.79	-0.94	10.30	4.34
NP After MI And SOA / Share (Rs.)	0.05	-7.79	-0.94	10.30	4.34
PBDIT Margin (%)	4.85	-0.84	1.62	7.74	5.61
PBIT Margin (%)	3.72	-1.85	0.85	6.96	3.96
PBT Margin (%)	0.03	-5.25	-0.60	5.43	0.16
Net Profit Margin (%)	0.03	-5.25	-0.60	6.66	5.54
NP After MI And SOA Margin (%)	0.03	-5.25	-0.60	6.66	5.54
Return on Networth / Equity (%)	0.38	-55.26	-4.28	44.82	34.02
Return on Capital Employeed (%)	20.27	-8.97	2.91	33.63	13.26
Return On Assets (%)	0.04	-6.99	-0.90	12.77	6.62
Long Term Debt / Equity (X)	0.97	0.99	0.97	0.28	0.69
Total Debt / Equity (X)	3.06	3.58	1.51	0.53	0.91
Asset Turnover Ratio (%)	1.46	1.38	1.70	2.07	1.27
Current Ratio (X)	0.62	0.60	0.85	0.81	0.69
Quick Ratio (X)	0.34	0.32	0.43	0.39	0.32
Inventory Turnover Ratio (X)	7.19	4.62	5.12	6.16	4.49
Interest Coverage Ratio (X)	1.32	-0.24	1.11	5.05	1.74
Interest Coverage Ratio (Post Tax) (X)	1.01	-0.54	0.58	5.35	2.90
Enterprise Value (Cr.)	1984.69	2303.81	1824.56	2023.51	1310.44
EV / Net Operating Revenue (X)	0.46	0.59	0.44	0.50	0.64
EV / EBITDA (X)	9.60	-70.43	27.56	6.47	11.42
MarketCap / Net Operating Revenue (X)	0.20	0.26	0.24	0.42	0.49
Price / BV (X)	2.41	2.76	1.78	2.86	3.05
Price / Net Operating Revenue (X)	0.20	0.26	0.24	0.42	0.49
EarningsYield	0.00	-0.20	-0.02	0.15	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indo Rama Synthetics (India) Ltd. is a Public Limited Listed company incorporated on 28/04/1986 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L17124MH1986PLC166615 and registration number is 166615. Currently Company is involved in the business activities of Manufacture of synthetic or artificial filament staple fibre not textured. Company's Total Operating Revenue is Rs. 3956.82 Cr. and Equity Capital is Rs. 261.11 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Textiles - Spinning - Synthetic Blended	A-31, MIDC Industrial Area, Nagpur Maharashtra 441122	Contact not found

Management
Name	Position Held
Mr. Om Prakash Lohia	Chairman & Managing Director
Mr. Vishal Lohia	Whole Time Director
Mr. Sanjay Thapliyal	Whole Time Director
Mr. Dilip Kumar Agarwal	Non Exe.Non Ind.Director
Ms. Ranjana Agarwal	Ind. Non-Executive Woman Director
Mr. Dhanendra Kumar	Ind. Non-Executive Director
Mr. Dharmpal Agarwal	Ind. Non-Executive Director
Mr. Ravi Capoor	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Indo Rama Synthetics (India) Ltd and is it undervalued?

As of 22 April 2026, Indo Rama Synthetics (India) Ltd's intrinsic value is ₹30.06, which is 7.79% lower than the current market price of ₹32.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.66 %), book value (₹17.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indo Rama Synthetics (India) Ltd?

Indo Rama Synthetics (India) Ltd is trading at ₹32.60 as of 22 April 2026, with a FY2026-2027 high of ₹75.0 and low of ₹28.7. The stock is currently near its 52-week low. Market cap stands at ₹852 Cr..

How does Indo Rama Synthetics (India) Ltd's P/E ratio compare to its industry?

Indo Rama Synthetics (India) Ltd has a P/E ratio of 6.09, which is below the industry average of 47.35. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Indo Rama Synthetics (India) Ltd financially healthy?

Key indicators for Indo Rama Synthetics (India) Ltd: ROCE of 9.94 % is on the lower side compared to the industry average of 4.20%; ROE of 0.66 % is below ideal levels (industry average: 2.96%). Dividend yield is 0.00 %.

Is Indo Rama Synthetics (India) Ltd profitable and how is the profit trend?

Indo Rama Synthetics (India) Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹4,259 Cr. Compared to ₹269 Cr in Mar 2022, the net profit shows a declining trend.

Does Indo Rama Synthetics (India) Ltd pay dividends?

Indo Rama Synthetics (India) Ltd has a dividend yield of 0.00 % at the current price of ₹32.60. The company is currently not paying meaningful dividends.