Indo Rama Synthetics (India) Limited

NSEI:INDORAMA Stock Report

Market Cap: ₹11.1b

Indo Rama Synthetics (India) Past Earnings Performance

Past criteria checks 3/6

Indo Rama Synthetics (India)'s earnings have been declining at an average annual rate of -19.7%, while the Luxury industry saw earnings growing at 17.1% annually. Revenues have been growing at an average rate of 12.3% per year. Indo Rama Synthetics (India)'s return on equity is 31.9%, and it has net margins of 2.9%.

Key information

-19.74%

Earnings growth rate

-19.76%

EPS growth rate

Luxury Industry Growth17.62%
Revenue growth rate12.26%
Return on equity31.86%
Net Margin2.90%
Last Earnings Update30 Sep 2025

Recent past performance updates

There May Be Underlying Issues With The Quality Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

Nov 17
There May Be Underlying Issues With The Quality Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

Recent updates

Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Not Doing Enough For Some Investors As Its Shares Slump 25%

Nov 29
Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Not Doing Enough For Some Investors As Its Shares Slump 25%

There May Be Underlying Issues With The Quality Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

Nov 17
There May Be Underlying Issues With The Quality Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

Little Excitement Around Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Revenues

Aug 20
Little Excitement Around Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Revenues

Shareholders May Be Wary Of Increasing Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) CEO Compensation Package

Jul 17
Shareholders May Be Wary Of Increasing Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) CEO Compensation Package

Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Shares Bounce 33% But Its Business Still Trails The Industry

May 15
Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Shares Bounce 33% But Its Business Still Trails The Industry

Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Shares Fly 33% But Investors Aren't Buying For Growth

May 15
Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Shares Fly 33% But Investors Aren't Buying For Growth

Indo Rama Synthetics (India) (NSE:INDORAMA) Use Of Debt Could Be Considered Risky

Mar 08
Indo Rama Synthetics (India) (NSE:INDORAMA) Use Of Debt Could Be Considered Risky

Lacklustre Performance Is Driving Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Low P/S

Jan 28
Lacklustre Performance Is Driving Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Low P/S

The Market Lifts Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Shares 30% But It Can Do More

Sep 13
The Market Lifts Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Shares 30% But It Can Do More

Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Shares Not Telling The Full Story

Jul 27
Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Shares Not Telling The Full Story

Positive Sentiment Still Eludes Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Following 25% Share Price Slump

Mar 25
Positive Sentiment Still Eludes Indo Rama Synthetics (India) Limited (NSE:INDORAMA) Following 25% Share Price Slump

Is Indo Rama Synthetics (India) (NSE:INDORAMA) Weighed On By Its Debt Load?

Jan 06
Is Indo Rama Synthetics (India) (NSE:INDORAMA) Weighed On By Its Debt Load?

Is Indo Rama Synthetics (India) (NSE:INDORAMA) Using Debt In A Risky Way?

Aug 23
Is Indo Rama Synthetics (India) (NSE:INDORAMA) Using Debt In A Risky Way?

We Like These Underlying Return On Capital Trends At Indo Rama Synthetics (India) (NSE:INDORAMA)

Feb 18
We Like These Underlying Return On Capital Trends At Indo Rama Synthetics (India) (NSE:INDORAMA)

There's No Escaping Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Muted Earnings

Dec 15
There's No Escaping Indo Rama Synthetics (India) Limited's (NSE:INDORAMA) Muted Earnings

Indo Rama Synthetics (India) (NSE:INDORAMA) Has A Pretty Healthy Balance Sheet

Jun 02
Indo Rama Synthetics (India) (NSE:INDORAMA) Has A Pretty Healthy Balance Sheet

Under The Bonnet, Indo Rama Synthetics (India)'s (NSE:INDORAMA) Returns Look Impressive

Apr 02
Under The Bonnet, Indo Rama Synthetics (India)'s (NSE:INDORAMA) Returns Look Impressive

Shareholders Would Enjoy A Repeat Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Recent Growth In Returns

Jan 01
Shareholders Would Enjoy A Repeat Of Indo Rama Synthetics (India)'s (NSE:INDORAMA) Recent Growth In Returns

These 4 Measures Indicate That Indo Rama Synthetics (India) (NSE:INDORAMA) Is Using Debt Reasonably Well

Sep 08
These 4 Measures Indicate That Indo Rama Synthetics (India) (NSE:INDORAMA) Is Using Debt Reasonably Well

Indo Rama Synthetics (India) (NSE:INDORAMA) Is Looking To Continue Growing Its Returns On Capital

Jul 06
Indo Rama Synthetics (India) (NSE:INDORAMA) Is Looking To Continue Growing Its Returns On Capital

We Think You Should Be Aware Of Some Concerning Factors In Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

May 25
We Think You Should Be Aware Of Some Concerning Factors In Indo Rama Synthetics (India)'s (NSE:INDORAMA) Earnings

Is Indo Rama Synthetics (India) (NSE:INDORAMA) Using Too Much Debt?

Feb 17
Is Indo Rama Synthetics (India) (NSE:INDORAMA) Using Too Much Debt?

Should Indo Rama Synthetics (India) (NSE:INDORAMA) Be Disappointed With Their 32% Profit?

Dec 26
Should Indo Rama Synthetics (India) (NSE:INDORAMA) Be Disappointed With Their 32% Profit?

Indo Rama Synthetics (India) (NSE:INDORAMA) Has Debt But No Earnings; Should You Worry?

Nov 03
Indo Rama Synthetics (India) (NSE:INDORAMA) Has Debt But No Earnings; Should You Worry?

Indo Rama Synthetics (India) (NSE:INDORAMA) Share Prices Have Dropped 40% In The Last Year

Aug 18
Indo Rama Synthetics (India) (NSE:INDORAMA) Share Prices Have Dropped 40% In The Last Year

Health Check: How Prudently Does Indo Rama Synthetics (India) (NSE:INDORAMA) Use Debt?

Jun 26
Health Check: How Prudently Does Indo Rama Synthetics (India) (NSE:INDORAMA) Use Debt?

Revenue & Expenses Breakdown

How Indo Rama Synthetics (India) makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NSEI:INDORAMA Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2548,9051,4201,3640
30 Jun 2546,2037331,3450
31 Mar 2542,589141,3590
31 Dec 2439,646-9011,3990
30 Sep 2437,391-2,0271,4510
30 Jun 2440,480-1,6741,2900
31 Mar 2438,733-2,0341,4570
31 Dec 2338,492-1,6131,4220
30 Sep 2337,987-1,2831,4100
30 Jun 2336,759-1,1831,3490
31 Mar 2340,849-2461,3360
31 Dec 2244,5668101,2600
30 Sep 2246,6612,4231,2370
30 Jun 2245,2182,9351,2380
31 Mar 2240,3812,6911,1970
31 Dec 2136,1482,9061,1450
30 Sep 2131,3542,7141,1440
30 Jun 2126,1922,0521,0180
31 Mar 2120,4291,1349920
31 Dec 2016,954-6539590
30 Sep 2016,158-3,3389330
30 Jun 2017,117-3,6418980
31 Mar 2021,075-3,1659620
31 Dec 1920,837-4,3569600
30 Sep 1920,477-2,8349250
30 Jun 1918,724-2,7198990
31 Mar 1916,946-2,7118780
31 Dec 1817,781-1,3201,0110
30 Sep 1817,941-1,1131,0320
30 Jun 1820,177-9631,0730
31 Mar 1822,556-8279430
31 Dec 1722,859-6341,0850
30 Sep 1723,333-8221,1160
30 Jun 1724,143-7931,0290
31 Mar 1724,680-8021,1330
31 Mar 1625,3573561,1440
31 Mar 1527,151-2179780

Quality Earnings: INDORAMA has high quality earnings.

Growing Profit Margin: INDORAMA became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: INDORAMA has become profitable over the past 5 years, growing earnings by -19.7% per year.

Accelerating Growth: INDORAMA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: INDORAMA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (14.1%).


Return on Equity

High ROE: Whilst INDORAMA's Return on Equity (31.86%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/19 08:11
End of Day Share Price 2026/01/16 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Indo Rama Synthetics (India) Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.