Indo Rama Synthetics (India) Limited — Cyborg Score 5/10

Mixed
Textile Manufacturing - Manmade Fibers & Polyester

Strategic Profile

The company operates on a 207 acre production site based in central India and leverages vertical integration with a power generation facility used for captive consumption. The company serves both domestic and export markets across India, Turkey, Nepal, and internationally, positioning itself as a key player in the polyester value chain.

Cyborg Score Rationale

The company has a low return on equity of -15.5% over last 3 years and low interest coverage ratio. However, revenue reached ₹1,305.71 Cr in Q1 FY26 with net profit of ₹52.75 Cr, suggesting operational strength despite profitability challenges.

Top Insights

  • Leading polyester manufacturer with established 207-acre manufacturing facility and captive power generation
  • Diversified product portfolio serving multiple end-user industries from textiles to automotive
  • Strong revenue scale (~₹4,620 Cr on TTM basis) but challenged by profitability metrics and high debt-to-equity ratio
  • International presence across Turkey, Nepal, and export markets provides geographic diversification

Named Competitors

  • Polyester Products — Major integrated polyester and polymer producer
  • Polyester Yarns & Fibers — Diversified polyester and chemical producer
  • Synthetic Fibers — Polyester film and fiber manufacturer

Recent Developments

  • (February 2026) Stock trading at ₹36.88, down from higher levels in 2025
  • (June 2025) Q1 FY26 revenue of ₹1,305.71 Cr with net profit of ₹52.75 Cr
  • (October 2025) Market capitalization approximately ₹1,798.8 Cr with stock at ₹68

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