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Gujarat Raffia Industries Limited
(GUJRAFFIA)
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Rating:66Neutral
Price Target:
₹45.00
▼(-10.45% Downside)
Action:Reiterated
Date:08/26/26
The score is driven primarily by improving financial fundamentals (deleveraging, positive recent operating/free cash flow, and a strong FY2026 revenue rebound), tempered by persistently thin margins and historical volatility. Technical indicators are largely neutral with only mild near-term strength, and valuation appears fair rather than compelling at a 18.63 P/E with no dividend support.
Positive Factors
Strong FY2026 Revenue Rebound
The sharp FY2026 rebound indicates renewed demand for PP woven packaging and improved production or order volumes. If sustained, higher scale can strengthen customer reach and spread fixed manufacturing costs across more sales.
Negative Factors
Persistently Thin Profit Margins
Very limited net profitability leaves little protection against polypropylene cost inflation, energy changes, pricing pressure, or execution setbacks. Even strong sales growth may therefore produce only modest earnings and cash returns for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 Revenue Rebound
The sharp FY2026 rebound indicates renewed demand for PP woven packaging and improved production or order volumes. If sustained, higher scale can strengthen customer reach and spread fixed manufacturing costs across more sales.
Read all positive factors
Gujarat Raffia Industries Limited (GUJRAFFIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹223.80M
Dividend YieldN/A
Average Volume (3M)6.59K
Price to Earnings (P/E)18.8
Beta (1Y)0.83
Revenue Growth178.31%
EPS Growth102.76%
CountryIN
Employees102
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Miscellaneous
Share Statistics
EPS (TTM)1.93
Shares Outstanding5,404,500
10 Day Avg. Volume11,580
30 Day Avg. Volume6,589
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.92
Price to Sales (P/S)0.23
P/FCF Ratio4.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gujarat Raffia Industries Limited Business Overview & Revenue Model
Company Description
Gujarat Raffia Industries Ltd. (GRIL) is a manufacturer of PE tarpaulin, plastic sheeting, geomembrane, tents, shelters, pond and canal lining, fumigation covers, and HDPE/PP woven bags and sacks. The company was founded in 1984 and operates manuf...
How the Company Makes Money
The company primarily makes money by manufacturing and selling polypropylene (PP) woven packaging products (e.g., raffia/PP woven sacks/bags and allied packaging materials) to customers who require bulk packaging for storage and transportation. Ke...
Gujarat Raffia Industries Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 885.60M | 300.41M | 309.12M | 392.41M | 379.82M |
| Gross Profit | 63.46M | 50.78M | 20.47M | 28.00M | 32.06M |
| EBITDA | 30.27M | 23.31M | 24.71M | 36.20M | 25.93M |
| Net Income | 10.47M | 5.22M | 5.18M | 10.27M | 11.18M |
Balance Sheet | |||||
| Total Assets | 277.18M | 253.74M | 260.42M | 357.22M | 327.98M |
| Cash, Cash Equivalents and Short-Term Investments | 118.73M | 78.55M | 31.86M | 74.32M | 9.89M |
| Total Debt | 18.61M | 25.00M | 35.18M | 125.45M | 82.17M |
| Total Liabilities | 54.92M | 41.95M | 54.06M | 156.05M | 137.08M |
| Stockholders Equity | 222.25M | 211.79M | 206.35M | 201.17M | 190.90M |
Cash Flow | |||||
| Free Cash Flow | 45.62M | 56.53M | 49.59M | 17.21M | -86.60M |
| Operating Cash Flow | 46.54M | 73.80M | 50.25M | 63.43M | -61.71M |
| Investing Cash Flow | -20.46M | -53.27M | -19.41M | -42.56M | -24.33M |
| Financing Cash Flow | -7.73M | -9.84M | -94.79M | 43.57M | 49.41M |
Gujarat Raffia Industries Limited Technical Analysis
Negative
50.25
Price Trends
40.38
Positive
40.52
Negative
43.83
Negative
Market Momentum
0.34
Positive
48.83
Neutral
32.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GUJRAFFIA, the sentiment is Negative. The current price of 50.25 is above the 20-day moving average (MA) of 40.79, above the 50-day MA of 40.38, and above the 200-day MA of 43.83, indicating a neutral trend. The MACD of 0.34 indicates Positive momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 32.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GUJRAFFIA.
Gujarat Raffia Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹32.29B | 15.96 | ― | 3.48% | 5.47% | 15.83% | |
71 Outperform | ₹36.81B | 13.31 | ― | 3.08% | 8.62% | 20.79% | |
66 Neutral | ₹223.80M | 18.76 | ― | ― | 178.31% | 102.76% | |
66 Neutral | ₹131.84B | 27.46 | ― | 1.55% | -2.27% | 38.33% | |
62 Neutral | ₹12.26B | 8.21 | ― | 0.22% | 9.30% | 425.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₹28.12B | -4.51 | ― | ― | -1.22% | -97.08% |
* General Sector Average
IN:GUJRAFFIA
Gujarat Raffia Industries Limited
40.48
0.48
1.20%
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IN:STYRENIX
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Gujarat Raffia Industries Limited Corporate Events
Gujarat Raffia’s Statutory Auditor Resigns, Board to Seek Replacement
Aug 14, 2026
Gujarat Raffia Industries Limited operates in the industrial textiles and packaging segment, producing raffia-based tarpaulins and similar polymer products from its base in Gujarat with a head office in Ahmedabad. The company is publicly listed on...
Gujarat Raffia Closes Trading Window Ahead of June Quarter Results
Jun 29, 2026
Gujarat Raffia Industries Limited has announced the closure of its trading window for company shares from 1 June 2026 until 48 hours after the Board approves unaudited standalone financial results for the quarter ending 30 June 2026. The move, mad...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.