Indo Rama Synthetics (India) Limited (INDORAMA) AI Stock Analysis

• Market Cap: ₹8.51B
• Dividend Yield: N/A
• Average Volume (3M): 41.68K
• Price to Earnings (P/E): 36.1
• Beta (1Y): 1.43
• Revenue Growth: 30.79%
• EPS Growth: N/A
• Country: IN
• Employees: 1,443
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.34
• Shares Outstanding: 261,113,160
• 10 Day Avg. Volume: 32,696
• 30 Day Avg. Volume: 41,681
• PEG Ratio: -6.90
• Price to Book (P/B): 2.64
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 2.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ₹32.00 ▼(-33.87% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is held back mainly by weak profitability and high leverage despite improving revenue and a return to positive free cash flow. Technical indicators also point to a continuing downtrend. A high P/E and lack of dividend yield further limit the valuation appeal.

Positive Factors

Revenue and margin recovery

A sustained revenue uptick alongside a materially improved gross margin indicates the company is regaining pricing power or cost control. Over a 2–6 month horizon this supports stronger operating cash generation and creates a foundation to normalize profitability if margins hold and volume growth continues.

Negative Factors

High leverage

Very high leverage materially constrains financial flexibility and raises refinancing and solvency risk if cash flows weaken. Over months, elevated debt servicing limits capacity for strategic investments, increases vulnerability to interest rate or demand shocks, and prolongs recovery timelines.

Indo Rama Synthetics (India) Limited Business Overview & Revenue Model

Company Description

Indo Rama Synthetics (India) Limited manufactures and supplies polyester in India. The company offers various polyester products, including polyester staple fiber, polyester filament yarn, draw texturized yarn, fully drawn yarn, and polyester chip...

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Indo Rama Synthetics (India) Limited manufactures and supplies polyester in India. The company offers various polyester products, including polyester staple fiber, polyester filament yarn, draw texturized yarn, fully drawn yarn, and polyester chip...

How the Company Makes Money

INDORAMA primarily makes money by manufacturing and selling synthetic polymer-based products across two main business lines: (1) polyester intermediates and textiles (PSF, POY, DTY, and polyester chips) and (2) packaging films (BOPP films). Revenu...

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INDORAMA primarily makes money by manufacturing and selling synthetic polymer-based products across two main business lines: (1) polyester intermediates and textiles (PSF, POY, DTY, and polyester chips) and (2) packaging films (BOPP films). Revenu...

Indo Rama Synthetics (India) Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	48.90B	42.59B	36.96B	39.33B	40.38B	20.43B
Gross Profit	10.65B	9.03B	3.95B	493.60M	5.08B	5.84B
EBITDA	3.07B	1.79B	-327.10M	662.00M	3.02B	1.03B
Net Income	1.42B	14.00M	-2.03B	-245.60M	2.69B	1.13B
Balance Sheet
Total Assets	29.71B	29.36B	29.07B	27.13B	21.05B	17.11B
Cash, Cash Equivalents and Short-Term Investments	82.90M	300.40M	293.70M	614.00M	123.20M	93.80M
Total Debt	10.94B	11.36B	13.39B	8.90B	3.58B	3.95B
Total Liabilities	25.26B	25.67B	25.39B	21.40B	15.06B	13.78B
Stockholders Equity	4.46B	3.68B	3.68B	5.73B	5.99B	3.33B
Cash Flow
Free Cash Flow	814.70M	3.52B	-3.57B	-4.46B	1.20B	1.56B
Operating Cash Flow	914.60M	3.91B	-967.30M	-809.90M	2.00B	1.82B
Investing Cash Flow	-53.30M	-363.40M	-2.58B	-3.48B	-754.40M	-175.00M
Financing Cash Flow	-1.06B	-3.54B	3.22B	4.79B	-1.23B	-1.74B

Indo Rama Synthetics (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 48.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDORAMA, the sentiment is Negative. The current price of 48.39 is above the 20-day moving average (MA) of 32.68, above the 50-day MA of 36.71, and below the 200-day MA of 48.92, indicating a bearish trend. The MACD of -1.53 indicates Negative momentum. The RSI at 44.18 is Neutral, neither overbought nor oversold. The STOCH value of 65.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDORAMA.

Indo Rama Synthetics (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JAYAGROGN	60 Neutral	₹7.78B	22.24	―	1.23%	0.69%	-7.54%
TNPL	58 Neutral	₹9.04B	36.69	―	2.08%	4.65%	-127.24%
ESTER	57 Neutral	₹7.72B	-20.11	―	0.56%	16.82%	―
INDORAMA	48 Neutral	₹8.51B	36.11	―	―	30.79%	―
FAIRCHEMOR	46 Neutral	₹6.24B	-2,425.33	―	1.07%	-22.10%	-85.56%
OAL	46 Neutral	₹8.27B	-127.17	―	0.17%	12.25%	-74.52%

Indo Rama Synthetics (India) Limited Corporate Events