MarketFriction

Gujarat Raffia Industries Ltd

NSE GUJRAFFIA · BSE 523836 · Packaging
₹40.27 -1.03%
NSE close2026-10-01
52 week range35.10 - 88.00
Market cap₹21.1 Cr.
P/E17.9
Price band 10% Delivery 73.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7.637.157.1110.525.476.107.9611.5226.1123.9026.999.39
Expenses7.986.916.549.904.965.567.8310.3625.4023.5726.218.46
Operating Profit-0.350.240.570.620.510.540.131.160.710.330.780.93
OPM %-4.59%3.36%8.02%5.89%9.32%8.85%1.63%10.07%2.72%1.38%2.89%9.90%
Other Income0.850.390.040.120.010.010.400.060.020.290.120.14
Interest0.100.090.080.080.350.110.060.060.060.060.070.03
Depreciation0.330.330.330.330.080.350.350.710.410.410.410.41
Profit before tax0.070.210.200.330.090.090.120.450.260.150.420.63
Tax %14.29%14.29%25.00%15.15%11.11%11.11%16.67%24.44%26.92%26.67%0.00%25.40%
Net Profit0.060.180.150.280.070.080.100.340.190.110.410.47
EPS in Rs0.110.330.280.520.130.150.190.630.350.200.760.87
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales37.0336.5038.6247.5633.7638.7937.9839.2430.9130.0488.5686.39
Expenses33.6332.4535.4445.0532.2136.2235.9437.7629.3328.2485.5383.64
Operating Profit3.404.053.182.511.552.572.041.481.581.803.032.75
OPM %9.18%11.10%8.23%5.28%4.59%6.63%5.37%3.77%5.11%5.99%3.42%3.18%
Other Income0.720.040.010.430.510.310.562.140.890.530.440.57
Interest1.111.360.910.720.300.190.321.060.480.330.250.22
Depreciation2.011.711.211.071.211.440.971.281.321.381.951.64
Profit before tax1.001.021.071.150.551.251.311.280.670.621.271.46
Tax %21.00%23.53%20.56%20.00%41.82%4.80%14.50%19.53%19.40%16.13%17.32%
Net Profit0.790.780.850.920.331.191.121.030.540.521.051.18
EPS in Rs1.581.561.701.700.612.202.071.911.000.961.942.18
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%18%31%178%
Compounded Profit Growth0%-5%0%100%
Stock Price CAGR12%1%5%5%
Return on Equity4%4%3%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.994.994.994.995.405.405.405.405.405.405.405.40
Reserves6.687.478.259.1011.0511.3812.5713.6914.7115.2515.7716.82
Borrowings17.9018.2610.8510.2311.611.203.228.2212.543.522.501.87
Other Liabilities5.403.959.238.109.027.673.275.493.071.871.703.63
Total Liabilities34.9734.6733.3232.4237.0825.6524.4632.8035.7226.0425.3727.72
Fixed Assets14.8613.0111.3110.199.579.037.649.1512.1310.7511.099.21
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.050.050.000.000.000.000.000.000.002.005.607.78
Other Assets20.0621.6122.0122.2327.5116.6216.8223.6523.5913.298.6810.73
Total Assets34.9734.6733.3232.4237.0825.6524.4632.8035.7226.0425.3727.72
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3.980.958.373.47-0.569.07-0.76-5.887.385.027.704.90
Cash from Investing Activity-0.21-0.050.08-0.08-0.40-0.610.17-2.40-4.23-1.91-5.32-2.04
Cash from Financing Activity-4.08-0.76-8.77-1.033.62-10.351.704.623.29-9.48-1.31-1.02
Net Cash Flow-0.300.14-0.322.362.66-1.891.11-3.666.44-6.371.071.83
Free Cash Flow3.730.838.413.39-1.018.41-0.81-8.373.135.075.974.83
CFO/OP95%32%214%109%-22%585%-30%-288%499%318%428%162%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days57.7688.51105.9092.4382.5858.3859.94101.1040.9341.9226.375.98
Inventory Days151.61144.01134.33106.9297.6592.8758.42120.98111.68105.7552.6318.19
Days Payable25.2023.6726.7321.5146.7737.9911.6839.9616.065.032.242.06
Cash Conversion Cycle184.16208.85213.51177.84133.46113.26106.68182.12136.54142.6476.7622.11
Working Capital Days73.4082.6036.2017.3915.5855.2560.7991.2030.51106.5153.8310.51
ROCE %7.75%7.03%8.68%8.18%7.14%3.69%6.48%6.47%6.90%4.05%3.97%5.49%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters39.56%39.56%39.65%39.56%39.56%39.56%39.56%39.60%39.60%39.60%39.60%39.60%
FIIs0.00%0.00%0.00%0.00%0.00%0.44%0.44%0.00%0.00%0.00%0.00%0.00%
Public60.44%60.45%60.35%60.44%60.44%60.00%60.00%60.40%60.39%60.40%60.41%60.40%
No. of Shareholders28,29628,40228,40329,38029,54929,62129,62129,68729,65529,93529,72831,614

Fundamentals

Market Cap₹ 21.1 Cr.
Current Price₹ 39.0
Stock P/E17.9
Book Value₹ 41.1
ROCE5.49 %
ROE3.69 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)178%
Compounded Profit Growth (TTM)100%
Standalone figures.
Valuation
Market capRs 22 Cr
Enterprise valueRs 20 Cr
P/E (TTM)18.44x
Price to book0.98x
Price to sales0.25x
EV / EBITDA5.89x
EV / EBIT11.63x
EV / sales0.23x
Price to cash flow4.44x
Earnings yield5.42%
P/E, 3-year average33.93x
P/B, 3-year average1.00x
P/E, 5-year average26.36x
P/B, 5-year average0.93x
Profitability
Operating margin (excl. other income)3.42%
Operating margin (incl. other income)3.92%
EBITDA margin3.84%
Pre-tax margin1.69%
Net profit margin1.37%
Net margin, latest quarter5.01%
ROE4.84%
ROCE6.37%
ROA3.96%
ROE, 3-year average3.33%
ROCE, 3-year average4.79%
ROA, 3-year average2.58%
ROE, 5-year average4.26%
ROCE, 5-year average5.78%
ROA, 5-year average2.93%
ROIC (approx.)6.94%
Tax rate17.32%
Other income / net worth1.98%
Growth
Sales growth (latest year)194.81%
Profit growth (latest year)101.92%
Sales CAGR, 3 years31.17%
Sales CAGR, 5 years17.95%
Profit CAGR, 3 years0.64%
Profit CAGR, 5 years-2.47%
Sales growth QoQ-65.21%
Profit growth QoQ14.63%
Sales growth YoY (latest quarter)-18.49%
Profit growth YoY (latest quarter)38.24%
Per share
EPS (TTM)Rs 2.18
EPS (latest year)Rs 1.94
EPS (latest quarter)Rs 0.87
EPS, 3-year averageRs 1.30
EPS, 5-year averageRs 1.58
Book value per shareRs 41.11
Sales per shareRs 159.85
Cash flow per shareRs 9.07
Free cash flow per shareRs 8.94
Efficiency
Asset turnover3.19x
Fixed asset turnover9.62x
Inventory turnover21.23x
Inventory days17 days
Debtor days6 days
Debtors turnover61.08x
Creditor days2 days
Cash conversion cycle22 days
Working capital days11 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 4 Cr
Net debtRs -2 Cr
Debt to equity0.08x
Net debt / EBITDA-0.67x
Interest coverage7.64x
Owners' fund to total sources80.16%
Debt to assets6.75%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years4.49x
Sales to cash flow18.07x
Statement figures
Net sales (TTM)Rs 86 Cr
Net sales (latest year)Rs 89 Cr
Sales (latest quarter)Rs 9 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 83 Cr
Total expenditure (latest year)Rs 86 Cr
Total income (latest year)Rs 89 Cr
Share capitalRs 5 Cr
ReservesRs 17 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 28 Cr
Net blockRs 9 Cr
InvestmentsRs 8 Cr
ReceivablesRs 1 Cr
InventoryRs 4 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.54
Ownership
Promoter holding39.60% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 18.4 is at the 50th percentile of its own 8.9-year range (median 18.4, low 4.0, high 123.9).
P/B 0.98 is at the 46th percentile (median 0.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGUJRAFFIANifty 50Difference
1 week+1.3%-2.8% +4.1 pts
1 month+0.8%-6.8% +7.6 pts
3 months-1.7%-7.6% +5.9 pts
6 months+6.5%+0.4% +6.1 pts
1 year+3.1%-9.9% +13.0 pts
2 years-12.3%-13.6% +1.3 pts
3 years+14.9%+14.2% +0.7 pts
5 years+5.8%+27.9% -22.1 pts

Red flags

F-score 7 of 8
lookAuditor change Auditor change 2026-09-07: Gujarat Raffia Industries Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹9 Cr -18.5% vs Jun 2025. Net profit ₹0 Cr +38.2%.
Against our estimate for Jun 2026: sales -49.1%, profit +127.0% big beat. Our estimate for Sep 2026: sales Rs 42 Cr, profit Rs 0 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
EPL Ltd7,46518.217.8 %
AGI Greenpac Ltd5,13013.919.5 %
Uflex Ltd4,6686.757.03 %
TCPL Packaging Ltd3,74831.017.9 %
Polyplex Corporation Ltd3,32921.40.89 %
Jindal Poly Films Ltd2,93850.2-1.99 %
XPRO India Ltd2,72483.43.78 %
Cosmo First Ltd2,18812.811.2 %
Knack Packaging Ltd2,16121.234.1 %
Mold-Tek Packaging Ltd2,13428.113.3 %
Huhtamaki India Ltd1,78013.012.0 %
Arrow Greentech Ltd1,31420.629.6 %
Commercial Syn Bags Ltd1,09934.815.0 %
Dhunseri Ventures Ltd1,0025.256.74 %
Ester Industries Ltd8822.75 %
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-09Annual General Meeting
2023-09-07Annual General Meeting
2022-09-19Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-24 Extra Ordinary General Meeting
2020-09-22 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-12 Annual General Meeting
2017-08-28 Annual General Meeting
2016-09-19 Annual General Meeting
2014-09-17Annual General Meeting
2013-09-20Annual General Meeting
2012-09-24Annual General Meeting
2011-08-29Annual General Meeting
2006-09-01Agm
DateTypeWhat it says
2026-10-01Shareholder meetingGujarat Raffia Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 29, 2026
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-07Change in AuditorsChange in Auditors of the company.
2026-09-07Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026
2026-09-07Board meeting outcomeOutcome of Board Meeting held on September 07, 2026.
2026-08-14ResignationResignation of Mr KPSJ ASSOCIATES LLP STATTUTORY AUDITOR as Other of the company w.e.f. August 14, 2026.
2026-08-13Board meeting outcomeGujarat Raffia Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Quarterly Compliance Report Gujarat Raffia Industries Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__
2026-07-20Structural Digital DatabaseUplaod sdd
2026-06-25Reply to Clarification- FinaThe Exchange had sought clarification from Gujarat Raffia Industries Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SE...
2026-06-09Disclosure under SEBI TakeovGujarat Raffia Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of In...
2026-05-21Board meeting outcomeGujarat Raffia Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-21Quarterly Compliance Report Gujarat Raffia Industries Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__
2026-04-21Structural Digital DatabaseSdd
2026-04-10Reply to Clarification- FinaThe Exchange had sought clarification from Gujarat Raffia Industries Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SE...
2026-02-13Board meeting outcomeGujarat Raffia Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-13Board meeting outcomeBoard meeting held on February 13, 2026.
2026-01-21Structural Digital DatabaseSDD COMPLIANCE
2026-01-21Quarterly Compliance Report Gujarat Raffia Industries Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__
2026-01-08Clarification - Financial ReThe Exchange has sought clarification from Gujarat Raffia Industries Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SE...
2025-11-18Board meeting outcomeGujarat Raffia Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-13Board meeting outcomeBoard meeting held on November 13, 2025.
2025-11-06AppointmentAppointment of Mr ABHISHEK BHUTORIA as Chief Financial Officer of the company w.e.f. November 06, 2025.
2025-11-06Change in ManagementChange in Management
2025-11-06AppointmentAppointment of Mr RISHI JAITH as Company Secretary & Compliance Officer of the company w.e.f. November 06, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Gujarat Raffia Industries Ltd?

Gujarat Raffia Industries Ltd (GUJRAFFIA) has a market capitalisation of Rs 21.1 Cr. at the 2026-10-01 close.

What is the P/E ratio of Gujarat Raffia Industries Ltd?

Gujarat Raffia Industries Ltd trades at a P/E of 17.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Gujarat Raffia Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Gujarat Raffia Industries Ltd sales was Rs 9 Cr (-18.5% vs Jun 2025) and net profit was Rs 0 Cr.

What is the 52-week high and low of Gujarat Raffia Industries Ltd?

The 52-week high is Rs 88.00 and the 52-week low is Rs 35.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03