NSE: RELCHEMQ · BSE: 503162
RELIANCE CHEMOTEX IND LTD
Manufactures and sells yarns as its single business segment. In FY26, revenue from operations was Rs 36,200.58 Lacs (FY25: Rs 35,859.78 Lacs), and net profit rose approximately 30% to Rs 526.15 Lacs from Rs 404.52 Lacs the year before. Materials account for 51.9% of revenue and employee costs another 18.7%, while finance costs stood at Rs 2,490.48 Lacs, indicating meaningful debt on the books. A government subsidy received for asset expansion is being amortised over the life of the underlying assets. The business is part of a promoter group that includes Modern Fibotex India Limited and A R Fibtex Private Limited. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Yarns. Single-segment, capital-intensive yarn manufacturer with high energy and finance costs
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 362 | 365 | 367 | 359 | 362 |
| EBITDA (ex other income) | 41 | 34 | 31 | 32 | 41 |
| margin % | 11.5 | 9.4 | 8.5 | 9.0 | 11.2 |
| Owners' profit | 18 | 12 | 3 | 4 | 5 |
| EPS, as reported (₹) | 24.04 | 16.46 | 4.26 | 5.36 | 6.97 |
| ROE % · ROCE % | 14.9 · 20.1 | 9.4 · 13.2 | 2.4 · 7.9 | 2.9 · 9.1 | 3.7 · 8.7 |
| Debt / equity (x) | 0.96 | 1.49 | 2.09 | 1.90 | 1.87 |
| Cash from operations | 58 | (0) | 18 | 11 | 22 |
| Capex | (48) | (54) | (93) | (9) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 92 | 82 | 92 | 100 | 82 | 88 | 99 |
| Profit before tax | 0 | 0 | 3 | 1 | 1 | 1 | 2 | 1 |
| Net profit | 1 | 0 | 2 | 1 | 2 | 1 | 2 | 1 |
| EPS (₹) | 1.89 | 0.26 | 2.44 | 1.41 | 2.19 | 1.06 | 2.31 | 1.81 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.4 | 16.8 | 81 of 179 | 55% |
| P/B | 0.6 | 1.1 | 42 of 185 | 76% |
| ROCE | 1.4 | 4.3 | 141 of 215 | 35% |
| ROE | 3.7 | 4.7 | 105 of 188 | 44% |
| Debt / Equity | 1.9 | 0.4 | 166 of 188 | 12% |
| EBITDA margin | 11.8 | 9.8 | 82 of 198 | 59% |
| Revenue growth | 7.0 | 6.9 | 96 of 192 | 50% |
| Profit growth | 28.5 | 20.0 | 93 of 203 | 55% |
| Market cap | 80 | 61 | 103 of 223 | 54% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Quarterly dematerialisation compliance certificate under SEBI Reg 74(5) | compliance | minimal | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 24 Sept 2026 · Reliance Chemotex re-appoints Sanjiv Shroff as MD for 3 years | management changes | high | — | — |
| 24 Sept 2026 · Reliance Chemotex AGM: all 6 resolutions passed, Rs 0.50 dividend approved | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Reliance Chemotex 48th AGM held; final dividend of Rs 0.50 per share declared | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · Newspaper Notice Published for 48th AGM on September 24, 2026 | compliance | minimal | — | — |
| 31 Aug 2026 · 48th AGM Notice, Annual Report FY26 and Dividend Recommendation | board shareholder meetings | medium | — | — |
| 31 Aug 2026 · 48th AGM on September 24, 2026; final dividend at Rs 0.50 per share | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Newspaper advertisement for 48th AGM published on 19 August 2026 | compliance | minimal | — | — |
| 13 Aug 2026 · Reliance Chemotex posts Q1 FY27 results; net profit declines YoY | compliance | minimal | — | — |
How to read this document
| 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 | 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 |
Sources, method and disclosures
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.