Gujarat Raffia Industries Ltd

₹ 41.7 1.34%

11 Sep - close price

About

Incorporated in 1984, Gujarat Raffia Industries Ltd manufactures PE Tarpaulin, PP Bags & allied products^[1]

Key Points

Business Overview:^[1]^[2]
a) HDPE/PP Woven Products:
Woven sacks, Woven bags (HDPE & PP)
b) Protective Covers & Linings:
Tarpaulins (PE Tarpaulin), Pond linings, Fumigation covers, Canal linings,
Geomembranes
c) Sheeting Solutions:
Plastic sheeting, Ground sheeting
d) Shelter & Utility Items:
Tents, Shelters
e) Other Products:
Ropes, Vermises / Vermibed

Website BSE NSE

Market Cap ₹ 22.6 Cr.
Current Price ₹ 41.7
High / Low ₹ 90.0 / 35.1
Stock P/E 19.1
Book Value ₹ 41.1
Dividend Yield 0.00 %
ROCE 6.36 %
ROE 4.84 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 1.01 times its book value
Company is expected to give good quarter
Company's working capital requirements have reduced from 67.6 days to 42.6 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 39.6%
Company has a low return on equity of 3.35% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Packaging

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9.03	7.63	7.15	7.11	10.52	5.47	6.10	7.96	11.52	26.11	23.90	26.99	9.39
	8.55	7.98	6.91	6.54	9.90	4.96	5.56	7.83	10.36	25.40	23.57	26.21	8.46
Operating Profit	0.48	-0.35	0.24	0.57	0.62	0.51	0.54	0.13	1.16	0.71	0.33	0.78	0.93
OPM %	5.32%	-4.59%	3.36%	8.02%	5.89%	9.32%	8.85%	1.63%	10.07%	2.72%	1.38%	2.89%	9.90%
	0.24	0.85	0.39	0.04	0.12	0.01	0.01	0.40	0.06	0.02	0.29	0.12	0.14
Interest	0.21	0.10	0.09	0.08	0.08	0.35	0.11	0.06	0.06	0.06	0.06	0.07	0.03
Depreciation	0.33	0.33	0.33	0.33	0.33	0.08	0.35	0.35	0.71	0.41	0.41	0.41	0.41
Profit before tax	0.18	0.07	0.21	0.20	0.33	0.09	0.09	0.12	0.45	0.26	0.15	0.42	0.63
Tax %	16.67%	14.29%	14.29%	25.00%	15.15%	11.11%	11.11%	16.67%	24.44%	26.92%	26.67%	0.00%	25.40%
	0.15	0.06	0.18	0.15	0.28	0.07	0.08	0.10	0.34	0.19	0.11	0.41	0.47
EPS in Rs	0.28	0.11	0.33	0.28	0.52	0.13	0.15	0.19	0.63	0.35	0.20	0.76	0.87
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	38.74	37.03	36.50	38.62	47.56	33.76	38.79	37.98	39.24	30.91	30.04	88.56	86.39
	34.42	33.63	32.45	35.44	45.05	32.21	36.22	35.94	37.76	29.33	28.24	85.53	83.64
Operating Profit	4.32	3.40	4.05	3.18	2.51	1.55	2.57	2.04	1.48	1.58	1.80	3.03	2.75
OPM %	11.15%	9.18%	11.10%	8.23%	5.28%	4.59%	6.63%	5.37%	3.77%	5.11%	5.99%	3.42%	3.18%
	0.10	0.72	0.04	0.01	0.43	0.51	0.31	0.56	2.14	0.89	0.53	0.44	0.57
Interest	1.38	1.11	1.36	0.91	0.72	0.30	0.19	0.32	1.06	0.48	0.33	0.25	0.22
Depreciation	2.06	2.01	1.71	1.21	1.07	1.21	1.44	0.97	1.28	1.32	1.38	1.95	1.64
Profit before tax	0.98	1.00	1.02	1.07	1.15	0.55	1.25	1.31	1.28	0.67	0.62	1.27	1.46
Tax %	19.39%	21.00%	23.53%	20.56%	20.00%	41.82%	4.80%	14.50%	19.53%	19.40%	16.13%	17.32%
	0.80	0.79	0.78	0.85	0.92	0.33	1.19	1.12	1.03	0.54	0.52	1.05	1.18
EPS in Rs	1.60	1.58	1.56	1.70	1.70	0.61	2.20	2.07	1.91	1.00	0.96	1.94	2.18
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	9%
5 Years:	18%
3 Years:	31%
TTM:	178%

Compounded Profit Growth
10 Years:	3%
5 Years:	0%
3 Years:	9%
TTM:	100%

Stock Price CAGR
10 Years:	12%
5 Years:	2%
3 Years:	8%
1 Year:	7%

Return on Equity
10 Years:	4%
5 Years:	4%
3 Years:	3%
Last Year:	5%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.99	4.99	4.99	4.99	5.40	5.40	5.40	5.40	5.40	5.40	5.40	5.40
Reserves	6.68	7.47	8.25	9.10	11.05	11.38	12.57	13.69	14.71	15.25	15.77	16.82
	17.90	18.26	10.85	10.23	11.61	1.20	3.22	8.22	12.54	3.52	2.50	1.87
	5.40	3.95	9.23	8.10	9.02	7.67	3.27	5.49	3.07	1.87	1.70	3.63
Total Liabilities	34.97	34.67	33.32	32.42	37.08	25.65	24.46	32.80	35.72	26.04	25.37	27.72
	14.86	13.01	11.31	10.19	9.57	9.03	7.64	9.15	12.13	10.75	11.09	9.21
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.05	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.00	5.60	7.78
	20.06	21.61	22.01	22.23	27.51	16.62	16.82	23.65	23.59	13.29	8.68	10.73
Total Assets	34.97	34.67	33.32	32.42	37.08	25.65	24.46	32.80	35.72	26.04	25.37	27.72

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3.98	0.95	8.37	3.47	-0.56	9.07	-0.76	-5.88	7.38	5.02	7.70	4.90
	-0.21	-0.05	0.08	-0.08	-0.40	-0.61	0.17	-2.40	-4.23	-1.91	-5.32	-2.04
	-4.08	-0.76	-8.77	-1.03	3.62	-10.35	1.70	4.62	3.29	-9.48	-1.31	-1.02
Net Cash Flow	-0.30	0.14	-0.32	2.36	2.66	-1.89	1.11	-3.66	6.44	-6.37	1.07	1.83
Free Cash Flow	3.73	0.83	8.41	3.39	-1.01	8.41	-0.81	-8.37	3.13	5.07	5.97	4.83
CFO/OP	95%	32%	214%	109%	-22%	585%	-30%	-288%	499%	318%	428%	162%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	57.76	88.51	105.90	92.43	82.58	58.38	59.94	101.10	40.93	41.92	26.37	5.98
Inventory Days	151.61	144.01	134.33	106.92	97.65	92.87	58.42	120.98	111.68	105.75	52.63	18.19
Days Payable	25.20	23.67	26.73	21.51	46.77	37.99	11.68	39.96	16.06	5.03	2.24	2.06
Cash Conversion Cycle	184.16	208.85	213.51	177.84	133.46	113.26	106.68	182.12	136.54	142.64	76.76	22.11
Working Capital Days	73.40	82.60	36.20	17.39	15.58	55.25	60.79	91.20	30.51	106.51	53.83	42.58
ROCE %	7.75%	7.03%	8.68%	8.18%	7.14%	3.69%	6.48%	6.47%	6.90%	4.05%	3.97%	6.36%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export as % of Revenue from Operations
%

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			xx.xx	xx.xx	xx.xx
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Permanent Employees
Count

Installed Capacity
MT

Tarpaulin & Fabrics % of Turnover
%

Production Volume
MT

Sales Volume (Turnover)
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.56%	39.56%	39.65%	39.56%	39.56%	39.56%	39.56%	39.60%	39.60%	39.60%	39.60%	39.60%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%
	60.44%	60.45%	60.35%	60.44%	60.44%	60.00%	60.00%	60.40%	60.39%	60.40%	60.41%	60.40%
No. of Shareholders	28,296	28,402	28,403	29,380	29,549	29,621	29,621	29,687	29,655	29,935	29,728	31,614

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	34.16%	34.16%	39.15%	39.26%	39.26%	39.27%	39.55%	39.65%	39.56%	39.60%	39.60%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.00%	0.00%
	65.84%	65.84%	60.85%	60.74%	60.74%	60.73%	60.46%	60.35%	60.00%	60.41%	60.40%
No. of Shareholders	27,908	27,175	27,034	26,938	26,970	28,453	28,331	28,403	29,621	29,728	31,614

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Gujarat Raffia Industries Ltd

Gujarat Raffia Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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