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Last Updated: April 2, 2026, 3:33 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530699 | NSE: RAJRILTD

Raj Rayon Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.38Overvalued by 48.87%vs CMP ₹20.30

P/E (33.8) × ROE (15.3%) × BV (₹2.46) × DY (2.00%)

₹8.34Overvalued by 58.92%vs CMP ₹20.30
MoS: -143.4% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹12.5727%Over (-38.1%)
Graham NumberEarnings₹5.7616%Over (-71.6%)
DCFCash Flow₹10.8013%Over (-46.8%)
Net Asset ValueAssets₹2.469%Over (-87.9%)
EV/EBITDAEnterprise₹5.3111%Over (-73.8%)
Earnings YieldEarnings₹6.009%Over (-70.4%)
ROCE CapitalReturns₹3.089%Over (-84.8%)
Revenue MultipleRevenue₹15.247%Over (-24.9%)
Consensus (8 models)₹8.34100%Overvalued
Key Drivers: Wide model spread (₹2–₹15) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.1%

*Investments are subject to market risks

Investment Snapshot

58
Raj Rayon Industries Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health46/100 · Moderate
ROCE 6.8% WeakROE 15.3% GoodD/E -1.15 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
Promoter holding at 94.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (1% → 4%) Improving
Quarterly Momentum70/100 · Strong
Revenue (4Q): +27% YoY Accelerating
Industry Rank60/100 · Moderate
P/E 33.8 vs industry 44.4 In-lineROCE 6.8% vs industry 11.1% AverageROE 15.3% vs industry 12.6% Above peers

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.

Raj Rayon Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 33.8 vs Ind 44.4 | ROCE 6.8% | ROE 15.3% | CFO/NP N/A
Balance Sheet Stress
40/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.02x | Borrow/Reserve 2.57x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹14 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-34
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -4.4% | Q NP -26.8% | Q OPM +0.6 pp
Derived FieldValueHow it is derived
Valuation Gap %-58.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves2.57xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-351Latest shareholder count minus previous count
Quarterly Sales Change-4.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-26.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+0.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:33 am

Market Cap 1,131 Cr.
Current Price 20.3
Intrinsic Value₹8.34
High / Low 31.9/19.2
Stock P/E33.8
Book Value 2.46
Dividend Yield0.00 %
ROCE6.78 %
ROE15.3 %
Face Value 1.00
PEG Ratio1.61

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

View Share Price Target for Raj Rayon Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Raj Rayon Industries Ltd 1,131 Cr. 20.3 31.9/19.233.8 2.460.00 %6.78 %15.3 % 1.00
AYM Syntex Ltd 1,097 Cr. 187 279/142 98.10.00 %8.36 %2.53 % 10.0
AK Spintex Ltd 724 Cr. 233 289/17898.9 47.00.00 %13.4 %13.5 % 2.00
Sarla Performance Fibers Ltd 631 Cr. 75.5 128/65.010.6 61.63.97 %14.9 %13.9 % 1.00
Bombay Dyeing & Manufacturing Company Ltd 2,113 Cr. 102 197/92.0116 1131.17 %2.60 %1.37 % 2.00
Industry Average1,220.29 Cr126.5644.4281.390.37%11.07%12.57%7.18

All Competitor Stocks of Raj Rayon Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26.26110.40153.07179.65195.37217.08202.22211.98229.33205.85260.19319.32305.39
Expenses 25.14108.77150.87171.67185.13210.15198.92209.88215.84195.22244.85303.73288.76
Operating Profit 1.121.632.207.9810.246.933.302.1013.4910.6315.3415.5916.63
OPM % 4.27%1.48%1.44%4.44%5.24%3.19%1.63%0.99%5.88%5.16%5.90%4.88%5.45%
Other Income 0.03-0.032.820.740.630.940.940.790.412.610.213.050.58
Interest 0.101.192.222.182.833.973.683.833.402.664.004.234.90
Depreciation 3.343.432.552.742.593.473.073.113.133.124.114.494.92
Profit before tax -2.29-3.020.253.805.450.43-2.51-4.057.377.467.449.927.39
Tax % 0.00%-5.30%-16.00%-1.05%62.39%597.67%38.65%6.42%-10.72%-80.16%18.41%19.15%20.57%
Net Profit -2.29-2.870.293.842.05-2.14-3.48-4.318.1513.446.078.025.87
EPS in Rs -0.04-0.050.010.070.04-0.04-0.06-0.080.150.240.110.140.11

Last Updated: March 3, 2026, 3:12 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 47018445227476180001377458491,091
Expenses 52018660329392301021357188201,033
Operating Profit -50-3-151-19-16-12-1-0-22273058
OPM % -11%-1%-34%-7%-21%-65%1%4%3%5%
Other Income 382200316710556
Interest 4971892000001111416
Depreciation 32424948373736362813111217
Profit before tax -128-108-287-66-53-48-34-35641-1310832
Tax % -31%-31%0%0%0%0%0%0%0%-1%59%-67%
Net Profit -88-75-287-66-53-48-34-35641-1241433
EPS in Rs -3.29-2.81-8.27-1.91-1.52-1.39-0.98-1.002,807.32-0.220.070.250.60
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)14.77%-282.67%77.00%19.70%9.43%29.17%-2.94%1931.43%-101.87%133.33%250.00%
Change in YoY Net Profit Growth (%)0.00%-297.44%359.67%-57.31%-10.26%19.73%-32.11%1934.37%-2033.30%235.21%116.67%

Raj Rayon Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:17%
5 Years:%
3 Years:%
TTM:14%
Compounded Profit Growth
10 Years:8%
5 Years:19%
3 Years:35%
TTM:8548%
Stock Price CAGR
10 Years:48%
5 Years:204%
3 Years:27%
1 Year:-7%
Return on Equity
10 Years:%
5 Years:%
3 Years:1%
Last Year:12%

Last Updated: September 5, 2025, 12:50 pm

Balance Sheet

Last Updated: December 4, 2025, 1:51 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 27273535353535350.2356565656
Reserves 24-51-404-471-523-572-605-64010049284281
Borrowings 5697087277197187147097090125201262208
Other Liabilities 4139795956535252282136140244
Total Liabilities 661724436342285230191155102311421500589
Fixed Assets 33736932027423719816112689138219212331
CWIP 1000000006831013
Investments 0000000000000
Other Assets 31535511668483230308165199186254
Total Assets 661724436342285230191155102311421500589

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -56-45-47-1-200-5-757937
Cash from Investing Activity + -77-242201240-6-65-111-83
Cash from Financing Activity + 14259-17-6-1-0-40111403947
Net Cash Flow 9-901-1-0000071
Free Cash Flow -141-53-57-1-240-11-139-10-68
CFO/OP 111%1,773%-0%-40%10%16%-1%-9%203%-4,210%291%125%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-619.00-711.00-878.00-738.00-734.00-726.00-710.00-709.00-2.00-123.00-174.00-232.00

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 1312852428108336611812
Inventory Days 14222433035142486257
Days Payable 2680231019302497668
Cash Conversion Cycle 11942844481243196041
Working Capital Days 10388-185-457-3,427-14,506-28-22-19
ROCE %-14%-6%-38%-20%-20%-24%-24%-29%-30%-7%7%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%94.14%
DIIs 0.82%0.82%0.73%0.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 5.06%5.06%5.15%5.55%5.86%5.86%5.87%5.88%5.87%5.87%5.86%5.87%
No. of Shareholders 21,86121,39622,08124,70526,15126,29026,83527,50928,69927,74827,02726,676

Shareholding Pattern Chart

No. of Shareholders

Raj Rayon Industries 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 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.250.07-0.222807.34-1.00
Diluted EPS (Rs.) 0.170.05-0.152807.34-1.00
Cash EPS (Rs.) 0.470.270.012930.600.02
Book Value[Excl.RevalReserv]/Share (Rs.) 1.751.501.42154.17-17.48
Book Value[Incl.RevalReserv]/Share (Rs.) 1.751.501.42154.17-17.48
Revenue From Operations / Share (Rs.) 15.2713.402.470.240.00
PBDIT / Share (Rs.) 0.610.580.03-10.370.02
PBIT / Share (Rs.) 0.390.37-0.20-133.02-1.00
PBT / Share (Rs.) 0.140.17-0.222807.95-1.00
Net Profit / Share (Rs.) 0.240.07-0.222807.95-1.00
PBDIT Margin (%) 4.034.351.61-4300.540.00
PBIT Margin (%) 2.572.83-8.19-55189.810.00
PBT Margin (%) 0.971.33-9.131165042.900.00
Net Profit Margin (%) 1.620.54-9.011165042.900.00
Return on Networth / Equity (%) 14.164.85-15.631821.280.00
Return on Capital Employeed (%) 7.7210.02-6.49-30.285.97
Return On Assets (%) 2.750.96-3.97626.11-22.39
Long Term Debt / Equity (X) 1.641.160.860.00-0.01
Total Debt / Equity (X) 2.442.121.580.00-1.15
Asset Turnover Ratio (%) 1.842.040.660.000.00
Current Ratio (X) 0.830.920.931.960.02
Quick Ratio (X) 0.330.440.391.960.02
Inventory Turnover Ratio (X) 8.056.830.000.000.00
Interest Coverage Ratio (X) 2.522.901.71-739.160.00
Interest Coverage Ratio (Post Tax) (X) 2.021.36-8.54-9485.750.00
Enterprise Value (Cr.) 1330.441403.033726.110.41716.94
EV / Net Operating Revenue (X) 1.571.8827.157.440.00
EV / EBITDA (X) 38.8143.211681.08-0.17988.34
MarketCap / Net Operating Revenue (X) 1.301.6926.259.290.00
Price / BV (X) 11.3015.1045.520.01-0.01
Price / Net Operating Revenue (X) 1.301.6926.259.290.00
EarningsYield 0.010.000.001253.55-4.56

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Raj Rayon Industries Ltd. is a Public Limited Listed company incorporated on 17/08/1993 and has its registered office in the State of Dadra & Nagar Haveli, India. Company's Corporate Identification Number(CIN) is L17120DN1993PLC000368 and registration number is 000368. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company's Total Operating Revenue is Rs. 849.38 Cr. and Equity Capital is Rs. 55.61 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Processing/TexturisingSurvey No. 177/1/3, Dist. Silvassa Dadra & Nagar Haveli 396230Contact not found
Management
NamePosition Held
Mr. Rajkumar Satyanarayan AgarwalChairman & Managing Director
Mr. Sandiip Satyanarayan AgarwwalWholeTime Director & CFO
Mrs. Sapna Rajkumar AgarwalNon Exe.Non Ind.Director
Mr. Vinodkumar Bajranglal DalmiaInd. Non-Executive Director
Mr. Kailashnath Jeevan KoppikarInd. Non-Executive Director
Mrs. Supriya Mahesh PujariInd. Non-Executive Woman Director

FAQ

What is the intrinsic value of Raj Rayon Industries Ltd and is it undervalued?

As of 05 April 2026, Raj Rayon Industries Ltd's intrinsic value is ₹8.34, which is 58.92% lower than the current market price of ₹20.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.3 %), book value (₹2.46), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Raj Rayon Industries Ltd?

Raj Rayon Industries Ltd is trading at ₹20.30 as of 05 April 2026, with a FY2026-2027 high of ₹31.9 and low of ₹19.2. The stock is currently near its 52-week low. Market cap stands at ₹1,131 Cr..

How does Raj Rayon Industries Ltd's P/E ratio compare to its industry?

Raj Rayon Industries Ltd has a P/E ratio of 33.8, which is below the industry average of 44.42. This is broadly in line with or below the industry average.

Is Raj Rayon Industries Ltd financially healthy?

Key indicators for Raj Rayon Industries Ltd: ROCE of 6.78 % is on the lower side compared to the industry average of 11.07%; ROE of 15.3 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Raj Rayon Industries Ltd profitable and how is the profit trend?

Raj Rayon Industries Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹849 Cr. Compared to ₹641 Cr in Mar 2022, the net profit shows a declining trend.

Does Raj Rayon Industries Ltd pay dividends?

Raj Rayon Industries Ltd has a dividend yield of 0.00 % at the current price of ₹20.30. 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 Raj Rayon Industries 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
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