Manufactures polyester yarn through three integrated processes — polymerisation, POY/FDY (Partially Oriented Yarn / Fully Drawn Yarn), and DTY (Draw Textured Yarn) — and has completed three consecutive capacity expansions since the company was revived under SVG Group ownership in January 2023. FY26 revenue of Rs 1,179.72 crore was up 38.9% from the prior year, with EBITDA margin of 5.4% and operating cash flow of Rs 119 crore for the year. The company plans Rs 500-600 crore of investment over 18-24 months to reach 700 TPD polymerisation, 650 TPD POY/FDY and 400 TPD DTY capacity, including a 167% step-up in DTY capacity. Specialty offerings such as dope-dyed and micro-fibre yarns are flagged in management commentary as higher-margin products. Materials account for 82.4% of revenue, making raw material procurement the dominant cost line. The statutory auditor has issued a qualified opinion for three consecutive years owing to three inoperative bank accounts from the pre-CIRP period that current management has been unable to verify. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Polyester POY/FDY, Polyester DTY, Specialty polyester yarns. Capital-intensive polyester yarn manufacturer in an active capacity-expansion phase
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 137 | 745 | 849 | 1,180 |
| EBITDA (ex other income) | 669 | 2 | 27 | 30 | 64 |
| margin % | 1215937.3 | 1.3 | 3.7 | 3.5 | 5.4 |
| Owners' profit | 641 | (12) | 4 | 14 | 34 |
| EPS, as reported (₹) | 2807.34 | (0.22) | 0.07 | 0.50 | 0.61 |
| ROE % · ROCE % | 639.3 · 639.3 | (11.9) · (6.5) | 3.7 · 10.0 | 11.3 · 7.7 | 21.7 · 16.3 |
| Debt / equity (x) | 0.00 | 1.20 | 0.74 | 1.94 | 1.42 |
| Cash from operations | (5) | (75) | 79 | 37 | 119 |
| Capex | (6) | (65) | (92) | (105) | (48) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 212 | 229 | 206 | 260 | 319 | 305 | 295 | 204 |
| Profit before tax | (4) | 7 | 7 | 7 | 10 | 7 | 8 | 8 |
| Net profit | (4) | 8 | 13 | 6 | 8 | 6 | 14 | 7 |
| EPS (₹) | (0.16) | 0.30 | 0.48 | 0.22 | 0.28 | 0.11 | 0.25 | 0.12 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Newspaper ad confirms dispatch of 33rd AGM notice and annual report | compliance | minimal | — | — |
| 7 Sept 2026 · Raj Rayon files BRSR for FY 2025-26 | compliance | minimal | — | — |
| 7 Sept 2026 · Raj Rayon submits 33rd Annual Report 2025-26; AGM on Sep 30, 2026 | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · 33rd AGM notice on Sep 30, 2026; related party deals up to Rs 900 Cr | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Analyst/Institutional investor meeting scheduled for 31 Aug 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Newspaper notice for 33rd AGM via video conferencing | compliance | minimal | — | — |
| 14 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 12 Aug 2026 · Raj Rayon Q1 FY27 Presentation: EBITDA Margin Improves to 8.4 percent | investor communications | medium | — | — |
| 12 Aug 2026 · Raj Rayon announces Rs 650 crore Phase II expansion in Silvassa | compliance | low | — | — |
| 12 Aug 2026 · Q1 results: Revenue down 21% YoY, PAT up 13%; Rs 650 Cr capex cleared | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.6 | 14.8 | 140 of 205 | 32% |
| P/B | 7.5 | 1.3 | 174 of 183 | 5% |
| ROCE | 10.5 | 4.2 | 56 of 227 | 76% |
| ROE | 21.7 | 4.8 | 21 of 214 | 91% |
| Debt / Equity | 1.4 | 0.3 | 184 of 214 | 14% |
| EBITDA margin | 8.9 | 9.8 | 108 of 198 | 46% |
| Revenue growth | (21.4) | 6.9 | 163 of 192 | 15% |
| Profit growth | 12.9 | 20.0 | 117 of 203 | 43% |
| Market cap | 1168 | 63 | 26 of 221 | 89% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
