Dashboard/INDORAMA

INDORAMA

UNDERVALUED

Indo Rama Synthetics (India) Limited

Others · NSE

54.3% vs fair value

52W Low

29

+24.1% from low

52W High

75

-52.0% from high

News sentiment
1 bull6 neu4 bear

Valuation Gauge

UNDERVALUED+54.3% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹36

Fair Value

₹79

Fair Value Analysis

₹79

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for Others sector companies | Sector-cheap: P/E at 10th percentile vs sector peers. | ROCE improving (latest 11.9%) — capital allocation becoming more efficient.

Medium confidence

Cash Flow Analysis

33% weight

₹199

Balance Sheet Value

33% weight

₹19

Growth Valuation

33% weight

₹18

Price vs Market

INDORAMA
Nifty 50

Shareholding Pattern

Stock Health Score

B

Solid Fundamentals

5.5 / 10

Profitability

10/10

ROE of 30.8% is above the Others sector benchmark of 15% — strong returns

Debt & Leverage

1/10

D/E ratio of 2.5x is significantly above the Others sector norm — high leverage risk

Valuation vs Peers

10/10

P/E of 6.9x trades at a 83% discount to Others sector median (40x) — attractively valued

Cash Flow

6/10

FCF margin of 8.7% — healthy cash generation (₹352 Cr)

Earnings Growth

1/10

5yr EPS CAGR of -82.7% — severe earnings decline

Dividend

4/10

No dividend — typical for growth-stage companies

Company Health Timeline

10-year financial health at a glance

FY14
FY15
FY16
FY17
FY20
FY21
FY22
FY23
FY24
FY25
Revenue Growth
OPM %
Net Profit
Free Cash Flow
ROE %
ROCE %
Debt / Equity
Interest Cov.
Health Score
13
25
38
25
0
50
88
0
0
50
Strong
Moderate
Weak
Poor
No data

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

37.9%

Free cash flow / market cap

Revenue Growth (YoY)

+1.4%

Year-on-year revenue change

Profit Growth (YoY)

-35.4%

Year-on-year PAT change

Operating Cash Flow

₹391 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹5.3

P/E Ratio

6.9x

P/B Ratio

2.1x

ROE

30.8%

ROCE

18.8%

Debt / Equity

2.46x

Beta

0.23

Div Yield

FCF (Cr)

₹352 Cr

Revenue (Cr)

₹4,053 Cr

EPS Growth 5Y

-82.7%

Mkt Cap (Cr)

₹942 Cr

52W High

₹75

52W Low

₹29

Book Value/Share

₹17.2

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
TTM₹4.9K Cr₹292 Cr6.0%₹137 Cr₹5.26
2025-03-31₹4.3K Cr₹179 Cr4.0%₹1 Cr₹0.05
2024-03-31₹3.9K Cr₹-37 Cr-1.0%₹-203 Cr₹-7.79
2023-03-31₹4.1K Cr₹44 Cr1.0%₹-25 Cr₹-0.94
2022-03-31₹4.0K Cr₹304 Cr8.0%₹269 Cr₹10.30
2021-03-31₹2.0K Cr₹93 Cr5.0%₹113 Cr₹4.34
2020-03-31₹2.1K Cr₹-22 Cr-1.0%₹-317 Cr₹-12.12
2017-03-31₹2.5K Cr₹-20 Cr-1.0%₹-81 Cr₹-5.36
2016-03-31₹2.5K Cr₹61 Cr2.0%₹38 Cr₹2.48
2015-03-31₹2.8K Cr₹122 Cr4.0%₹-21 Cr₹-1.36
2014-03-31₹2.7K Cr₹27 Cr1.0%₹-14 Cr₹-0.89
2013-03-31₹2.9K Cr₹41 Cr1.0%₹40 Cr₹2.65

Compounded Growth Rates

Sales Growth

3Y+6.3%
5Y+19.2%
10Y+6.3%

Profit Growth

3Y
5Y+3.9%
10Y

EPS Growth

3Y
5Y+3.9%
10Y

Peer Comparison

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Heads UP Ventures Limited

₹7.1₹28.8+75.3%3.9UNDERVALUED

Credo Brands Marketing Limited

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Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

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Exchange Filings

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