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BARODA RAYON CORPORATION LTD.

Realty › Realty
₹135.95
at close · 28 Oct 2026
▲ 8.00 (+6.25%)

Latest filings

  1. RTA submits quarterly dematerialisation certificate for Sept 2026 · Compliance
  2. Nil report on physical share transfer re-lodgement requests for September 2026 · Compliance
  3. Baroda Rayon 66th AGM voting results: Both resolutions passed with over 99.9 percent · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops a commercial real estate project in Surat called the Surat Textile Bourse. The bulk of revenue in FY26 (period ended March 31, 2026) came from real estate, with FY26 revenue at Rs 61.77 crore and a net profit of Rs 22.21 crore. The Textiles segment has been non-operational since August 2008 and contributes negligible revenue. The company's main cost line is materials/construction at 98.3% of revenue, with employees at 1.9% and other opex at 4.0%. Per filings, total revenue declined to Rs 6,334 lakhs in FY26 from Rs 10,273 lakhs in FY25, and net profit fell to Rs 2,220.62 lakhs from Rs 4,035.03 lakhs. The company carries outstanding borrowings of Rs 175.86 crore (provisional) and a sub-investment grade rating of IVR BB-/Stable; it took a Rs 80 crore secured term loan from Aditya Birla Capital in June 2026 to refinance existing lenders and add fresh debt. Cash flow from operations turned negative at -Rs 397.13 lakhs in FY26 versus +Rs 4,234.41 lakhs in FY25, and cash balances fell to Rs 9.01 lakhs from Rs 86.13 lakhs.

Operating scale
Surat Textile Bourse Phase-I units sold
225 of 323 unitsas referenced in 2026 rating
Outstanding borrowings
Rs. 175.86 crore (provisional)March 31, 2026
Rated loan facility size
Rs. 189.10 croreenhanced in 2026
Secured term loan from Aditya Birla Capital
Rs. 80 crore (Rs. 32.06 cr refinance + Rs. 47.94 cr fresh)June 29, 2026
Credit rating
IVR BB-/Stable (sub-investment grade)2026
Promoter real estate experience
35+ years
Who pays it
Buyers of commercial units/space in the Surat Textile Bourse project in Surat, Gujarat.
Biggest cost
Materials and construction costs at 98.3% of revenue (FY26).
Kind of business
Asset-heavy, geographically concentrated (Surat) real estate developer with a non-operational legacy textiles business; cyclical exposure to commercial real estate.
Where it sits
Single-project real estate developer focused on the Surat Textile Bourse in Surat, Gujarat; textiles operations on standstill since August 2008.
Market Cap
₹311 Cr
P / E (TTM)
15.3×
EV / EBITDA
21.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.1%·
ROCE (5y median)
ROE 10.8% (5y median) · margin 36.9%
Leverage
0.45·
Debt / Equity · low
Net debt ₹176 Cr
Cash conversion
-0.01×▼
Operating cash ÷ profit · 5 yrs
₹-11 Cr on ₹744 Cr
Moves on a normal day
1.15%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 92 Residential, Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#27/61
P/B#27/70
ROCE#33/88
ROE#21/73
Debt / Equity#48/73
EBITDA margin#20/59
Revenue growth#49/64
Profit growth#52/79

Scorecard

Measured from the filed financials, judged against its Residential, Commercial Projects peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹744 Cr of profit and an operating cash outflow of ₹11 Cr — -0.01×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 3792 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from BARODA RAYON CORPORATION LTD.'s filed financials and exchange disclosures

What does BARODA RAYON CORPORATION LTD. do?

BARODA RAYON CORPORATION LTD. is a Realty company listed on BSE.

Is BARODA RAYON CORPORATION LTD. profitable?

Yes. Over the trailing twelve months BARODA RAYON CORPORATION LTD. reported a net profit of ₹22 Cr on revenue of ₹62 Cr.

Does BARODA RAYON CORPORATION LTD. pay a dividend?

Not in the latest reported year — BARODA RAYON CORPORATION LTD.'s dividend payout for FY26 was nil.

Is BARODA RAYON CORPORATION LTD. debt-free?

No. It reported borrowings of ₹176 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹176 Cr after cash. Debt stands at 0.45× equity. That is higher than 65% of its 73 Residential, Commercial Projects peers.

Is BARODA RAYON CORPORATION LTD. expensive compared with its peers?

On trailing P/E, BARODA RAYON CORPORATION LTD. ranks 27 of 61 in Residential, Commercial Projects — cheaper than 57% of them, against an industry median of 17.4×. This is a position, not a valuation judgement.

How much does the BARODA RAYON CORPORATION LTD. share price move in a day?

On a typical session BARODA RAYON CORPORATION LTD. moves 1.15% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track BARODA RAYON CORPORATION LTD.'s announcements?

Every NSE and BSE filing by BARODA RAYON CORPORATION LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.