# Textiles - Processing/Texturising — company-by-company sector analysis

> Textiles - Processing/Texturising: Vishal Fabrics Ltd owns the largest revenue base; Sunrakshakk Industries India Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 3 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Vishal Fabrics Ltd leads with revenue of ₹1,602 crore, based on 6 of 6 comparable companies through Mar 2026. Sunrakshakk Industries India Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

### Is the Textiles - Processing/Texturising sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Textiles - Processing/Texturising company is largest by revenue?

Vishal Fabrics Ltd leads with revenue of ₹1,602 crore, based on 6 of 6 comparable companies through Mar 2026.

### Which Textiles - Processing/Texturising company is growing fastest?

Sunrakshakk Industries India Ltd has the fastest current revenue growth at 100%, across 6 of 6 comparable companies.

### Which Textiles - Processing/Texturising company has the strongest 4-Factor Sector Score?

Sunrakshakk Industries India Ltd ranks first at 73.7/100 with 76.2% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Textiles - Processing/Texturising company has the least gross debt?

Bombay Dyeing & Manufacturing Company Ltd has the lowest comparable gross debt at ₹3 crore. Sarla Performance Fibers Ltd has the highest at ₹276 crore.

### How much history does this Textiles - Processing/Texturising comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Textiles - Processing/Texturising against NIFTY 500 is not available from the current market series. 3 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Sunrakshakk Industries India Ltd is the strongest against the sector itself at +25.1%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 3/6
Stocks leading sector: 3/6

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹7.5K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Sunrakshakk Industries India Ltd (539300): 74/100 — Favorable setup; evidence 76%
   - Growth & earnings 26.5/35 | Capital efficiency 20.2/25 | Valuation 10.3/20 | Relative strength 16.7/20
   - Exact sum: 26.5 + 20.2 + 10.3 + 16.7 = 73.7
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. Raj Rayon Industries Ltd (RAJRILTD): 58/100 — Mixed-positive evidence; evidence 74%
   - Growth & earnings 26.4/35 | Capital efficiency 11.9/25 | Valuation 9.7/20 | Relative strength 9.6/20
   - Exact sum: 26.4 + 11.9 + 9.7 + 9.6 = 57.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. Vishal Fabrics Ltd (VISHAL): 47/100 — Mixed-negative evidence; evidence 70%
   - Growth & earnings 20.7/35 | Capital efficiency 12.4/25 | Valuation 10.9/20 | Relative strength 3.0/20
   - Exact sum: 20.7 + 12.4 + 10.9 + 3 = 47
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. AYM Syntex Ltd (AYMSYNTEX): 42/100 — Mixed-negative evidence; evidence 80%
   - Growth & earnings 11.3/35 | Capital efficiency 9.2/25 | Valuation 9.1/20 | Relative strength 12.2/20
   - Exact sum: 11.3 + 9.2 + 9.1 + 12.2 = 41.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Sarla Performance Fibers Ltd (SARLAPOLY): 34/100 — Adverse evidence; evidence 81%
   - Growth & earnings 5.0/35 | Capital efficiency 8.8/25 | Valuation 10.9/20 | Relative strength 9.6/20
   - Exact sum: 5 + 8.8 + 10.9 + 9.6 = 34.3
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): 30/100 — Adverse evidence; evidence 77%
   - Growth & earnings 10.6/35 | Capital efficiency 6.0/25 | Valuation 8.5/20 | Relative strength 4.8/20
   - Exact sum: 10.6 + 6 + 8.5 + 4.8 = 29.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Vishal Fabrics Ltd is the scale leader at ₹1,602 crore, 9.7% ahead of Bombay Dyeing & Manufacturing Company Ltd. Sunrakshakk Industries India Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 235.9% from a ₹608 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Vishal Fabrics Ltd is the scale benchmark; Sunrakshakk Industries India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Vishal Fabrics Ltd's growth falls below Sunrakshakk Industries India Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Vishal Fabrics Ltd · ₹1,602 crore | 9.7% versus #2 · Bombay Dyeing & Manufacturing Company Ltd | 6/8 recent comparable periods | 6/6 companies · 86 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Vishal Fabrics Ltd (VISHAL): ₹1.6K Cr
2. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): ₹1.5K Cr
3. AYM Syntex Ltd (AYMSYNTEX): ₹1.4K Cr
4. Raj Rayon Industries Ltd (RAJRILTD): ₹1.2K Cr
5. Sunrakshakk Industries India Ltd (539300): ₹608 Cr

### Revenue growth — fastest growers
1. Sunrakshakk Industries India Ltd (539300): 100%
2. Raj Rayon Industries Ltd (RAJRILTD): 39%
3. Vishal Fabrics Ltd (VISHAL): 5.4%
4. Sarla Performance Fibers Ltd (SARLAPOLY): -6.1%
5. AYM Syntex Ltd (AYMSYNTEX): -8.3%

### 20-quarter Revenue history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹31 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹103 Cr | Jun 2025 ₹125 Cr | Sep 2025 ₹121 Cr | Dec 2025 ₹164 Cr | Mar 2026 ₹198 Cr
- BOMDYEING: Jun 2021 ₹381 Cr | Sep 2021 ₹496 Cr | Dec 2021 ₹527 Cr | Mar 2022 ₹598 Cr | Jun 2022 ₹606 Cr | Sep 2022 ₹745 Cr | Dec 2022 ₹652 Cr | Mar 2023 ₹670 Cr | Jun 2023 ₹498 Cr | Sep 2023 ₹441 Cr | Dec 2023 ₹369 Cr | Mar 2024 ₹381 Cr | Jun 2024 ₹451 Cr | Sep 2024 ₹381 Cr | Dec 2024 ₹415 Cr | Mar 2025 ₹359 Cr | Jun 2025 ₹378 Cr | Sep 2025 ₹363 Cr | Dec 2025 ₹324 Cr | Mar 2026 ₹396 Cr
- AYMSYNTEX: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹347 Cr | Mar 2023 ₹330 Cr | Jun 2023 ₹320 Cr | Sep 2023 ₹333 Cr | Dec 2023 ₹331 Cr | Mar 2024 ₹374 Cr | Jun 2024 ₹347 Cr | Sep 2024 ₹404 Cr | Dec 2024 ₹378 Cr | Mar 2025 ₹361 Cr | Jun 2025 ₹326 Cr | Sep 2025 ₹349 Cr | Dec 2025 ₹324 Cr | Mar 2026 ₹366 Cr
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹26 Cr | Mar 2023 ₹110 Cr | Jun 2023 ₹153 Cr | Sep 2023 ₹180 Cr | Dec 2023 ₹195 Cr | Mar 2024 ₹217 Cr | Jun 2024 ₹202 Cr | Sep 2024 ₹212 Cr | Dec 2024 ₹229 Cr | Mar 2025 ₹206 Cr | Jun 2025 ₹260 Cr | Sep 2025 ₹319 Cr | Dec 2025 ₹305 Cr | Mar 2026 ₹295 Cr
- SARLAPOLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹82 Cr | Mar 2023 ₹70 Cr | Jun 2023 ₹85 Cr | Sep 2023 ₹96 Cr | Dec 2023 ₹96 Cr | Mar 2024 ₹106 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹114 Cr | Dec 2024 ₹102 Cr | Mar 2025 ₹100 Cr | Jun 2025 ₹102 Cr | Sep 2025 ₹107 Cr | Dec 2025 ₹89 Cr | Mar 2026 ₹103 Cr
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹343 Cr | Dec 2022 ₹385 Cr | Mar 2023 ₹377 Cr | Jun 2023 ₹328 Cr | Sep 2023 ₹309 Cr | Dec 2023 ₹401 Cr | Mar 2024 ₹412 Cr | Jun 2024 ₹340 Cr | Sep 2024 ₹385 Cr | Dec 2024 ₹404 Cr | Mar 2025 ₹391 Cr | Jun 2025 ₹397 Cr | Sep 2025 ₹433 Cr | Dec 2025 ₹424 Cr | Mar 2026 ₹348 Cr

### 20-quarter Revenue growth history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 232% | Jun 2025 421% | Sep 2025 348% | Dec 2025 507% | Mar 2026 92%
- BOMDYEING: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 59% | Sep 2022 50% | Dec 2022 24% | Mar 2023 12% | Jun 2023 -18% | Sep 2023 -41% | Dec 2023 -43% | Mar 2024 -43% | Jun 2024 -9.4% | Sep 2024 -14% | Dec 2024 12% | Mar 2025 -5.8% | Jun 2025 -16% | Sep 2025 -4.7% | Dec 2025 -22% | Mar 2026 10%
- AYMSYNTEX: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -4.5% | Mar 2024 13% | Jun 2024 8.7% | Sep 2024 21% | Dec 2024 14% | Mar 2025 -3.6% | Jun 2025 -6.0% | Sep 2025 -13% | Dec 2025 -14% | Mar 2026 1.4%
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 643% | Mar 2024 97% | Jun 2024 32% | Sep 2024 18% | Dec 2024 17% | Mar 2025 -5.1% | Jun 2025 29% | Sep 2025 50% | Dec 2025 33% | Mar 2026 43%
- SARLAPOLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 17% | Mar 2024 51% | Jun 2024 31% | Sep 2024 19% | Dec 2024 6.3% | Mar 2025 -5.7% | Jun 2025 -8.1% | Sep 2025 -6.1% | Dec 2025 -13% | Mar 2026 3.0%
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -10% | Dec 2023 4.1% | Mar 2024 9.2% | Jun 2024 3.6% | Sep 2024 24% | Dec 2024 0.6% | Mar 2025 -4.9% | Jun 2025 17% | Sep 2025 13% | Dec 2025 5.0% | Mar 2026 -11%

## Operating Economics & Margin Trend

What the numbers say: Sunrakshakk Industries India Ltd leads opm at 10%; Bombay Dyeing & Manufacturing Company Ltd leads margin change at +4 percentage points.

Investor read: Sunrakshakk Industries India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Sunrakshakk Industries India Ltd · 10% | 9.8% versus #2 · AYM Syntex Ltd | 2/8 recent comparable periods | 6/6 companies · 115 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Sunrakshakk Industries India Ltd (539300): 10%
2. AYM Syntex Ltd (AYMSYNTEX): 9.1%
3. Vishal Fabrics Ltd (VISHAL): 7.4%
4. Raj Rayon Industries Ltd (RAJRILTD): 5.0%
5. Sarla Performance Fibers Ltd (SARLAPOLY): 2.0%

### Margin change — fastest expanders
1. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): +4.0 pp
2. AYM Syntex Ltd (AYMSYNTEX): +1.7 pp
3. Vishal Fabrics Ltd (VISHAL): +0.3 pp
4. Raj Rayon Industries Ltd (RAJRILTD): 0.0 pp
5. Sunrakshakk Industries India Ltd (539300): −1.0 pp

### 20-quarter OPM history
- 539300: Jun 2021 12% | Sep 2021 6.5% | Dec 2021 11% | Mar 2022 12% | Jun 2022 13% | Sep 2022 18% | Dec 2022 13% | Mar 2023 12% | Jun 2023 16% | Sep 2023 14% | Dec 2023 19% | Mar 2024 16% | Jun 2024 13% | Sep 2024 20% | Dec 2024 22% | Mar 2025 11% | Jun 2025 9.0% | Sep 2025 10% | Dec 2025 9.0% | Mar 2026 10%
- BOMDYEING: Jun 2021 0.7% | Sep 2021 5.4% | Dec 2021 9.6% | Mar 2022 12% | Jun 2022 2.1% | Sep 2022 1.1% | Dec 2022 6.1% | Mar 2023 -14% | Jun 2023 1.0% | Sep 2023 4.0% | Dec 2023 -7.0% | Mar 2024 -12% | Jun 2024 3.0% | Sep 2024 -11% | Dec 2024 4.0% | Mar 2025 -4.0% | Jun 2025 -4.0% | Sep 2025 -4.0% | Dec 2025 -8.0% | Mar 2026 0.0%
- AYMSYNTEX: Jun 2021 10% | Sep 2021 11% | Dec 2021 11% | Mar 2022 11% | Jun 2022 7.5% | Sep 2022 5.8% | Dec 2022 6.6% | Mar 2023 6.3% | Jun 2023 4.4% | Sep 2023 6.4% | Dec 2023 7.7% | Mar 2024 11% | Jun 2024 8.5% | Sep 2024 8.2% | Dec 2024 7.7% | Mar 2025 7.4% | Jun 2025 5.1% | Sep 2025 5.6% | Dec 2025 7.2% | Mar 2026 9.1%
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -100% | Dec 2022 4.3% | Mar 2023 1.0% | Jun 2023 1.0% | Sep 2023 4.0% | Dec 2023 5.0% | Mar 2024 3.0% | Jun 2024 2.0% | Sep 2024 1.0% | Dec 2024 6.0% | Mar 2025 5.0% | Jun 2025 6.0% | Sep 2025 5.0% | Dec 2025 5.0% | Mar 2026 5.0%
- SARLAPOLY: Jun 2021 25% | Sep 2021 19% | Dec 2021 16% | Mar 2022 14% | Jun 2022 18% | Sep 2022 13% | Dec 2022 9.9% | Mar 2023 15% | Jun 2023 15% | Sep 2023 14% | Dec 2023 14% | Mar 2024 18% | Jun 2024 18% | Sep 2024 19% | Dec 2024 26% | Mar 2025 22% | Jun 2025 11% | Sep 2025 22% | Dec 2025 3.0% | Mar 2026 2.0%
- VISHAL: Jun 2021 10% | Sep 2021 11% | Dec 2021 10% | Mar 2022 10% | Jun 2022 10% | Sep 2022 9.1% | Dec 2022 8.7% | Mar 2023 7.1% | Jun 2023 6.3% | Sep 2023 7.0% | Dec 2023 7.1% | Mar 2024 7.3% | Jun 2024 7.8% | Sep 2024 7.9% | Dec 2024 7.7% | Mar 2025 7.2% | Jun 2025 7.2% | Sep 2025 6.8% | Dec 2025 6.8% | Mar 2026 7.4%

### 20-quarter Margin change history
- 539300: Jun 2021 −9.6 pp | Sep 2021 −6.5 pp | Dec 2021 −1.2 pp | Mar 2022 +7.3 pp | Jun 2022 +1.2 pp | Sep 2022 +11.5 pp | Dec 2022 +2.5 pp | Mar 2023 −0.2 pp | Jun 2023 +2.8 pp | Sep 2023 −4.1 pp | Dec 2023 +6.0 pp | Mar 2024 +4.3 pp | Jun 2024 −3.0 pp | Sep 2024 +6.2 pp | Dec 2024 +2.8 pp | Mar 2025 −5.0 pp | Jun 2025 −4.0 pp | Sep 2025 −10.0 pp | Dec 2025 −13.0 pp | Mar 2026 −1.0 pp
- BOMDYEING: Jun 2021 +25.3 pp | Sep 2021 +18.2 pp | Dec 2021 +2.3 pp | Mar 2022 +2.3 pp | Jun 2022 +1.4 pp | Sep 2022 −4.3 pp | Dec 2022 −3.5 pp | Mar 2023 −25.7 pp | Jun 2023 −1.1 pp | Sep 2023 +2.9 pp | Dec 2023 −13.1 pp | Mar 2024 +2.0 pp | Jun 2024 +2.0 pp | Sep 2024 −15.0 pp | Dec 2024 +11.0 pp | Mar 2025 +8.0 pp | Jun 2025 −7.0 pp | Sep 2025 +7.0 pp | Dec 2025 −12.0 pp | Mar 2026 +4.0 pp
- AYMSYNTEX: Jun 2021 +16.9 pp | Sep 2021 +1.6 pp | Dec 2021 −0.8 pp | Mar 2022 −1.3 pp | Jun 2022 −2.8 pp | Sep 2022 −5.5 pp | Dec 2022 −4.5 pp | Mar 2023 −4.3 pp | Jun 2023 −3.1 pp | Sep 2023 +0.6 pp | Dec 2023 +1.1 pp | Mar 2024 +4.4 pp | Jun 2024 +4.1 pp | Sep 2024 +1.8 pp | Dec 2024 −0.0 pp | Mar 2025 −3.4 pp | Jun 2025 −3.4 pp | Sep 2025 −2.6 pp | Dec 2025 −0.4 pp | Mar 2026 +1.7 pp
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +3,004.3 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +104.0 pp | Dec 2023 +0.7 pp | Mar 2024 +2.0 pp | Jun 2024 +1.0 pp | Sep 2024 −3.0 pp | Dec 2024 +1.0 pp | Mar 2025 +2.0 pp | Jun 2025 +4.0 pp | Sep 2025 +4.0 pp | Dec 2025 −1.0 pp | Mar 2026 0.0 pp
- SARLAPOLY: Jun 2021 +4.2 pp | Sep 2021 −1.2 pp | Dec 2021 −2.0 pp | Mar 2022 −13.1 pp | Jun 2022 −8.0 pp | Sep 2022 −5.4 pp | Dec 2022 −5.7 pp | Mar 2023 +1.0 pp | Jun 2023 −2.5 pp | Sep 2023 +0.9 pp | Dec 2023 +4.2 pp | Mar 2024 +3.0 pp | Jun 2024 +3.0 pp | Sep 2024 +5.0 pp | Dec 2024 +12.0 pp | Mar 2025 +4.0 pp | Jun 2025 −7.0 pp | Sep 2025 +3.0 pp | Dec 2025 −23.0 pp | Mar 2026 −20.0 pp
- VISHAL: Jun 2021 +2.5 pp | Sep 2021 +2.6 pp | Dec 2021 +1.9 pp | Mar 2022 −0.1 pp | Jun 2022 −0.5 pp | Sep 2022 −1.5 pp | Dec 2022 −1.6 pp | Mar 2023 −3.3 pp | Jun 2023 −3.7 pp | Sep 2023 −2.0 pp | Dec 2023 −1.6 pp | Mar 2024 +0.2 pp | Jun 2024 +1.5 pp | Sep 2024 +0.9 pp | Dec 2024 +0.6 pp | Mar 2025 −0.2 pp | Jun 2025 −0.6 pp | Sep 2025 −1.1 pp | Dec 2025 −0.9 pp | Mar 2026 +0.3 pp

## Profit Scale & Acceleration

What the numbers say: Vishal Fabrics Ltd leads with ₹36 crore of TTM profit, 1.7% above Sunrakshakk Industries India Ltd. Sunrakshakk Industries India Ltd shows ≥100% on the scoring scale (250% uncapped) growth from a ₹35 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Vishal Fabrics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Vishal Fabrics Ltd · ₹36 crore | 1.7% versus #2 · Sunrakshakk Industries India Ltd | 7/8 recent comparable periods | 6/6 companies · 86 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Vishal Fabrics Ltd (VISHAL): ₹36 Cr
2. Sunrakshakk Industries India Ltd (539300): ₹35 Cr
3. Raj Rayon Industries Ltd (RAJRILTD): ₹34 Cr
4. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): ₹27 Cr
5. AYM Syntex Ltd (AYMSYNTEX): ₹7 Cr

### Profit growth — fastest growers
1. Sunrakshakk Industries India Ltd (539300): 100%
2. Raj Rayon Industries Ltd (RAJRILTD): 100%
3. Vishal Fabrics Ltd (VISHAL): 26%
4. AYM Syntex Ltd (AYMSYNTEX): -44%
5. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): -80%

### 20-quarter Net profit history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹2 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹2 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹12 Cr
- BOMDYEING: Jun 2021 ₹-108 Cr | Sep 2021 ₹-93 Cr | Dec 2021 ₹-217 Cr | Mar 2022 ₹-42 Cr | Jun 2022 ₹-77 Cr | Sep 2022 ₹-93 Cr | Dec 2022 ₹-101 Cr | Mar 2023 ₹-246 Cr | Jun 2023 ₹-120 Cr | Sep 2023 ₹-52 Cr | Dec 2023 ₹3.1K Cr | Mar 2024 ₹66 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹393 Cr | Dec 2024 ₹70 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹-10 Cr | Mar 2026 ₹21 Cr
- AYMSYNTEX: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹-11 Cr | Sep 2023 ₹-5 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹-4 Cr | Sep 2025 ₹-0 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹9 Cr
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-2 Cr | Mar 2023 ₹-3 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹-2 Cr | Jun 2024 ₹-3 Cr | Sep 2024 ₹-4 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹6 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹14 Cr
- SARLAPOLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹19 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹-60 Cr
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹11 Cr | Dec 2022 ₹12 Cr | Mar 2023 ₹11 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹9 Cr

### 20-quarter Profit growth history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 200% | Jun 2025 — | Sep 2025 250% | Dec 2025 350% | Mar 2026 100%
- BOMDYEING: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -98% | Mar 2025 -82% | Jun 2025 -13% | Sep 2025 -99% | Dec 2025 -114% | Mar 2026 75%
- AYMSYNTEX: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -270% | Mar 2024 2,050% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 -90% | Jun 2025 -257% | Sep 2025 -110% | Dec 2025 -56% | Mar 2026 347%
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 -200% | Dec 2024 300% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 -25% | Mar 2026 7.7%
- SARLAPOLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 279% | Mar 2024 — | Jun 2024 183% | Sep 2024 171% | Dec 2024 75% | Mar 2025 18% | Jun 2025 29% | Sep 2025 0.0% | Dec 2025 -64% | Mar 2026 -562%
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -60% | Dec 2023 -35% | Mar 2024 -39% | Jun 2024 106% | Sep 2024 46% | Dec 2024 22% | Mar 2025 13% | Jun 2025 91% | Sep 2025 48% | Dec 2025 -17% | Mar 2026 22%

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: Bombay Dyeing & Manufacturing Company Ltd has the clearest covered balance-sheet capacity with ₹923 crore net cash and gross debt of ₹3 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Bombay Dyeing & Manufacturing Company Ltd · ₹3 crore | 93.6% versus #2 · Sunrakshakk Industries India Ltd | 8/8 recent comparable periods | 6/6 companies · 89 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): ₹3 Cr
2. Sunrakshakk Industries India Ltd (539300): ₹47 Cr
3. AYM Syntex Ltd (AYMSYNTEX): ₹188 Cr
4. Raj Rayon Industries Ltd (RAJRILTD): ₹222 Cr
5. Vishal Fabrics Ltd (VISHAL): ₹225 Cr

### Net debt — lowest net debt
1. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): ₹-923 Cr
2. Sarla Performance Fibers Ltd (SARLAPOLY): ₹118 Cr
3. AYM Syntex Ltd (AYMSYNTEX): ₹173 Cr
4. Raj Rayon Industries Ltd (RAJRILTD): ₹174 Cr

### 20-quarter Gross debt history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹7 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹43 Cr | Jun 2025 — | Sep 2025 ₹45 Cr | Dec 2025 — | Mar 2026 ₹47 Cr
- BOMDYEING: Jun 2021 ₹3.4K Cr | Sep 2021 ₹4.2K Cr | Dec 2021 ₹4.2K Cr | Mar 2022 ₹4.4K Cr | Jun 2022 ₹4.4K Cr | Sep 2022 ₹4.0K Cr | Dec 2022 ₹4.0K Cr | Mar 2023 ₹3.6K Cr | Jun 2023 ₹3.6K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹3.6K Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹3 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹3 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹3 Cr | Mar 2026 ₹3 Cr
- AYMSYNTEX: Jun 2021 ₹240 Cr | Sep 2021 ₹236 Cr | Dec 2021 ₹236 Cr | Mar 2022 ₹290 Cr | Jun 2022 ₹290 Cr | Sep 2022 ₹311 Cr | Dec 2022 ₹311 Cr | Mar 2023 ₹276 Cr | Jun 2023 ₹276 Cr | Sep 2023 ₹318 Cr | Dec 2023 ₹318 Cr | Mar 2024 ₹324 Cr | Jun 2024 ₹324 Cr | Sep 2024 ₹316 Cr | Dec 2024 ₹316 Cr | Mar 2025 ₹202 Cr | Jun 2025 ₹202 Cr | Sep 2025 ₹238 Cr | Dec 2025 ₹238 Cr | Mar 2026 ₹188 Cr
- RAJRILTD: Jun 2021 ₹709 Cr | Sep 2021 ₹709 Cr | Dec 2021 ₹709 Cr | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 ₹29 Cr | Dec 2022 ₹29 Cr | Mar 2023 ₹125 Cr | Jun 2023 ₹125 Cr | Sep 2023 ₹178 Cr | Dec 2023 ₹178 Cr | Mar 2024 ₹201 Cr | Jun 2024 ₹176 Cr | Sep 2024 ₹162 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹262 Cr | Jun 2025 ₹237 Cr | Sep 2025 ₹208 Cr | Dec 2025 ₹208 Cr | Mar 2026 ₹222 Cr
- SARLAPOLY: Jun 2021 ₹119 Cr | Sep 2021 ₹156 Cr | Dec 2021 ₹156 Cr | Mar 2022 ₹135 Cr | Jun 2022 ₹135 Cr | Sep 2022 ₹133 Cr | Dec 2022 ₹133 Cr | Mar 2023 ₹109 Cr | Jun 2023 ₹109 Cr | Sep 2023 ₹120 Cr | Dec 2023 ₹120 Cr | Mar 2024 ₹137 Cr | Jun 2024 ₹144 Cr | Sep 2024 ₹151 Cr | Dec 2024 ₹151 Cr | Mar 2025 ₹181 Cr | Jun 2025 ₹188 Cr | Sep 2025 ₹168 Cr | Dec 2025 ₹168 Cr | Mar 2026 ₹276 Cr
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹378 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹317 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹381 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹292 Cr | Jun 2025 — | Sep 2025 ₹250 Cr | Dec 2025 — | Mar 2026 ₹225 Cr

### 20-quarter Net debt history
- BOMDYEING: Jun 2021 ₹3.2K Cr | Sep 2021 ₹4.0K Cr | Dec 2021 ₹4.0K Cr | Mar 2022 ₹4.0K Cr | Jun 2022 ₹4.0K Cr | Sep 2022 ₹3.9K Cr | Dec 2022 ₹3.9K Cr | Mar 2023 ₹3.5K Cr | Jun 2023 ₹3.5K Cr | Sep 2023 ₹3.3K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹-126 Cr | Jun 2024 ₹-126 Cr | Sep 2024 ₹-813 Cr | Dec 2024 ₹-813 Cr | Mar 2025 ₹-600 Cr | Jun 2025 ₹-600 Cr | Sep 2025 ₹-608 Cr | Dec 2025 ₹-608 Cr | Mar 2026 ₹-923 Cr
- AYMSYNTEX: Jun 2021 ₹209 Cr | Sep 2021 ₹195 Cr | Dec 2021 ₹195 Cr | Mar 2022 ₹269 Cr | Jun 2022 ₹269 Cr | Sep 2022 ₹287 Cr | Dec 2022 ₹287 Cr | Mar 2023 ₹267 Cr | Jun 2023 ₹254 Cr | Sep 2023 ₹289 Cr | Dec 2023 ₹289 Cr | Mar 2024 ₹317 Cr | Jun 2024 ₹304 Cr | Sep 2024 ₹302 Cr | Dec 2024 ₹302 Cr | Mar 2025 ₹184 Cr | Jun 2025 ₹170 Cr | Sep 2025 ₹223 Cr | Dec 2025 ₹223 Cr | Mar 2026 ₹173 Cr
- RAJRILTD: Jun 2021 ₹709 Cr | Sep 2021 ₹709 Cr | Dec 2021 ₹709 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹29 Cr | Dec 2022 ₹29 Cr | Mar 2023 ₹126 Cr | Jun 2023 ₹124 Cr | Sep 2023 ₹176 Cr | Dec 2023 ₹176 Cr | Mar 2024 ₹169 Cr | Jun 2024 ₹147 Cr | Sep 2024 ₹134 Cr | Dec 2024 ₹134 Cr | Mar 2025 ₹229 Cr | Jun 2025 ₹229 Cr | Sep 2025 ₹185 Cr | Dec 2025 ₹185 Cr | Mar 2026 ₹174 Cr
- SARLAPOLY: Jun 2021 ₹20 Cr | Sep 2021 ₹48 Cr | Dec 2021 ₹48 Cr | Mar 2022 ₹105 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹72 Cr | Dec 2022 ₹72 Cr | Mar 2023 ₹100 Cr | Jun 2023 ₹74 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹69 Cr | Mar 2024 ₹88 Cr | Jun 2024 ₹108 Cr | Sep 2024 ₹92 Cr | Dec 2024 ₹92 Cr | Mar 2025 ₹136 Cr | Jun 2025 ₹136 Cr | Sep 2025 ₹102 Cr | Dec 2025 ₹102 Cr | Mar 2026 ₹118 Cr

## Return On Capital Employed

What the numbers say: Sunrakshakk Industries India Ltd leads ROCE at 29.2%, 15.6 percentage points above Raj Rayon Industries Ltd. Raj Rayon Industries Ltd has the strongest latest improvement at +8.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Sunrakshakk Industries India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Sunrakshakk Industries India Ltd · 29.2% | 114.7% versus #2 · Raj Rayon Industries Ltd | Not enough history | 6/6 companies · 60 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Sunrakshakk Industries India Ltd (539300): 29%
2. Raj Rayon Industries Ltd (RAJRILTD): 14%
3. Sarla Performance Fibers Ltd (SARLAPOLY): 11%
4. Vishal Fabrics Ltd (VISHAL): 10%
5. AYM Syntex Ltd (AYMSYNTEX): 5.4%

### ROCE change — fastest improvers
1. Raj Rayon Industries Ltd (RAJRILTD): +8.7 pp
2. Sunrakshakk Industries India Ltd (539300): +7.0 pp
3. Vishal Fabrics Ltd (VISHAL): −1.0 pp
4. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): −1.5 pp
5. AYM Syntex Ltd (AYMSYNTEX): −4.3 pp

### 20-quarter ROCE history
- BOMDYEING: Jun 2021 — | Sep 2021 3.9% | Dec 2021 — | Mar 2022 6.1% | Jun 2022 — | Sep 2022 7.3% | Dec 2022 — | Mar 2023 0.1% | Jun 2023 — | Sep 2023 -0.1% | Dec 2023 269% | Mar 2024 -4.0% | Jun 2024 231% | Sep 2024 -4.9% | Dec 2024 34% | Mar 2025 -2.4% | Jun 2025 27% | Sep 2025 -2.3% | Dec 2025 1.2% | Mar 2026 -3.9%
- AYMSYNTEX: Jun 2021 — | Sep 2021 20% | Dec 2021 — | Mar 2022 20% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 6.8% | Jun 2023 — | Sep 2023 4.4% | Dec 2023 2.6% | Mar 2024 7.7% | Jun 2024 12% | Sep 2024 13% | Dec 2024 16% | Mar 2025 9.0% | Jun 2025 8.1% | Sep 2025 4.5% | Dec 2025 5.7% | Mar 2026 4.7%
- RAJRILTD: Jun 2021 — | Sep 2021 5.7% | Dec 2021 — | Mar 2022 -30% | Jun 2022 — | Sep 2022 -15% | Dec 2022 — | Mar 2023 -6.8% | Jun 2023 — | Sep 2023 0.4% | Dec 2023 8.2% | Mar 2024 7.6% | Jun 2024 9.9% | Sep 2024 5.4% | Dec 2024 7.6% | Mar 2025 6.0% | Jun 2025 13% | Sep 2025 13% | Dec 2025 19% | Mar 2026 15%
- SARLAPOLY: Jun 2021 — | Sep 2021 13% | Dec 2021 — | Mar 2022 13% | Jun 2022 — | Sep 2022 11% | Dec 2022 — | Mar 2023 7.4% | Jun 2023 — | Sep 2023 4.6% | Dec 2023 8.4% | Mar 2024 6.3% | Jun 2024 14% | Sep 2024 9.5% | Dec 2024 19% | Mar 2025 12% | Jun 2025 18% | Sep 2025 10% | Dec 2025 15% | Mar 2026 6.5%

### 20-quarter ROCE change history
- BOMDYEING: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.4 pp | Dec 2022 — | Mar 2023 −6.0 pp | Jun 2023 — | Sep 2023 −7.4 pp | Dec 2023 — | Mar 2024 −4.1 pp | Jun 2024 — | Sep 2024 −4.8 pp | Dec 2024 −234.8 pp | Mar 2025 +1.6 pp | Jun 2025 −204.0 pp | Sep 2025 +2.6 pp | Dec 2025 −33.1 pp | Mar 2026 −1.5 pp
- AYMSYNTEX: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.1 pp | Dec 2022 — | Mar 2023 −12.8 pp | Jun 2023 — | Sep 2023 −9.7 pp | Dec 2023 — | Mar 2024 +0.9 pp | Jun 2024 — | Sep 2024 +8.1 pp | Dec 2024 +13.4 pp | Mar 2025 +1.3 pp | Jun 2025 −3.7 pp | Sep 2025 −8.0 pp | Dec 2025 −10.3 pp | Mar 2026 −4.3 pp
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −20.7 pp | Dec 2022 — | Mar 2023 +23.5 pp | Jun 2023 — | Sep 2023 +15.4 pp | Dec 2023 — | Mar 2024 +14.4 pp | Jun 2024 — | Sep 2024 +5.0 pp | Dec 2024 −0.6 pp | Mar 2025 −1.6 pp | Jun 2025 +2.7 pp | Sep 2025 +7.9 pp | Dec 2025 +11.5 pp | Mar 2026 +8.7 pp
- SARLAPOLY: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.7 pp | Dec 2022 — | Mar 2023 −5.6 pp | Jun 2023 — | Sep 2023 −6.4 pp | Dec 2023 — | Mar 2024 −1.1 pp | Jun 2024 — | Sep 2024 +4.9 pp | Dec 2024 +10.2 pp | Mar 2025 +6.1 pp | Jun 2025 +4.1 pp | Sep 2025 +0.9 pp | Dec 2025 −3.5 pp | Mar 2026 −5.9 pp

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable guarded peg leader.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 0 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG

### P/E — lowest P/E
1. Sarla Performance Fibers Ltd (SARLAPOLY): 12.5
2. Vishal Fabrics Ltd (VISHAL): 14.0
3. Sunrakshakk Industries India Ltd (539300): 32.9
4. Raj Rayon Industries Ltd (RAJRILTD): 34.1
5. AYM Syntex Ltd (AYMSYNTEX): 210.0

### 20-quarter Guarded PEG history

### 20-quarter P/E history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 12.9 | Sep 2024 12.6 | Dec 2024 44.2 | Mar 2025 72.5 | Jun 2025 57.4 | Sep 2025 32.5 | Dec 2025 26.7 | Mar 2026 23.4
- BOMDYEING: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1.2 | Mar 2024 1.1 | Jun 2024 1.4 | Sep 2024 1.3 | Dec 2024 7.1 | Mar 2025 31.1 | Jun 2025 107.8 | Sep 2025 117.0 | Dec 2025 44.9 | Mar 2026 108.9
- AYMSYNTEX: Jun 2021 9.5 | Sep 2021 9.9 | Dec 2021 8.8 | Mar 2022 11.1 | Jun 2022 9.8 | Sep 2022 11.7 | Dec 2022 18.9 | Mar 2023 43.3 | Jun 2023 54.3 | Sep 2023 463.0 | Dec 2023 438.8 | Mar 2024 394.6 | Jun 2024 42.0 | Sep 2024 72.0 | Dec 2024 66.5 | Mar 2025 53.0 | Jun 2025 56.7 | Sep 2025 89.8 | Dec 2025 75.0 | Mar 2026 80.9
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 -450.8 | Sep 2023 -2,140.8 | Dec 2023 326.5 | Mar 2024 365.8 | Jun 2024 295.1 | Sep 2024 315.7 | Dec 2024 -728.3 | Mar 2025 79.8 | Jun 2025 112.1 | Sep 2025 67.8 | Dec 2025 36.6 | Mar 2026 32.6
- SARLAPOLY: Jun 2021 13.3 | Sep 2021 11.2 | Dec 2021 12.3 | Mar 2022 9.8 | Jun 2022 8.4 | Sep 2022 9.1 | Dec 2022 9.5 | Mar 2023 9.7 | Jun 2023 19.1 | Sep 2023 22.7 | Dec 2023 31.3 | Mar 2024 20.8 | Jun 2024 26.2 | Sep 2024 16.6 | Dec 2024 18.4 | Mar 2025 10.1 | Jun 2025 14.8 | Sep 2025 12.2 | Dec 2025 11.2 | Mar 2026 10.3
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 23.9 | Sep 2025 18.6 | Dec 2025 16.0 | Mar 2026 10.4

## Enterprise Value & Book Value

What the numbers say: Vishal Fabrics Ltd leads both ev/ebitda at 5.3× and p/bv at 0.77×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Vishal Fabrics Ltd · 5.3× | 27.4% versus #2 · Sarla Performance Fibers Ltd | 0/6 recent comparable periods | 6/6 companies · 83 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Vishal Fabrics Ltd (VISHAL): 5.3
2. Sarla Performance Fibers Ltd (SARLAPOLY): 7.3
3. AYM Syntex Ltd (AYMSYNTEX): 9.9
4. Sunrakshakk Industries India Ltd (539300): 14.4
5. Raj Rayon Industries Ltd (RAJRILTD): 19.7

### P/BV — lowest P/BV
1. Vishal Fabrics Ltd (VISHAL): 0.8
2. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): 1.1
3. Sarla Performance Fibers Ltd (SARLAPOLY): 1.9
4. AYM Syntex Ltd (AYMSYNTEX): 2.3
5. Sunrakshakk Industries India Ltd (539300): 6.2

### 20-quarter EV/EBITDA history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 6.1 | Sep 2024 6.0 | Dec 2024 20.0 | Mar 2025 25.7 | Jun 2025 31.0 | Sep 2025 19.1 | Dec 2025 16.1 | Mar 2026 14.4
- BOMDYEING: Jun 2021 103.9 | Sep 2021 63.3 | Dec 2021 41.1 | Mar 2022 26.2 | Jun 2022 23.2 | Sep 2022 20.3 | Dec 2022 18.9 | Mar 2023 23.1 | Jun 2023 91.6 | Sep 2023 92.8 | Dec 2023 — | Mar 2024 — | Jun 2024 126.2 | Sep 2024 45.6 | Dec 2024 91.3 | Mar 2025 24.5 | Jun 2025 28.7 | Sep 2025 38.0 | Dec 2025 22.2 | Mar 2026 31.4
- AYMSYNTEX: Jun 2021 4.4 | Sep 2021 4.7 | Dec 2021 4.3 | Mar 2022 4.8 | Jun 2022 4.7 | Sep 2022 5.0 | Dec 2022 6.0 | Mar 2023 6.6 | Jun 2023 6.2 | Sep 2023 7.0 | Dec 2023 7.5 | Mar 2024 8.3 | Jun 2024 7.1 | Sep 2024 11.5 | Dec 2024 13.1 | Mar 2025 11.5 | Jun 2025 12.2 | Sep 2025 10.4 | Dec 2025 9.3 | Mar 2026 9.9
- RAJRILTD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 234.2 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 458.7 | Sep 2023 316.8 | Dec 2023 75.6 | Mar 2024 53.3 | Jun 2024 40.0 | Sep 2024 47.5 | Dec 2024 55.2 | Mar 2025 43.6 | Jun 2025 50.5 | Sep 2025 40.3 | Dec 2025 24.2 | Mar 2026 19.7
- SARLAPOLY: Jun 2021 7.1 | Sep 2021 6.8 | Dec 2021 6.1 | Mar 2022 5.1 | Jun 2022 4.7 | Sep 2022 5.3 | Dec 2022 5.3 | Mar 2023 4.8 | Jun 2023 7.1 | Sep 2023 7.9 | Dec 2023 9.4 | Mar 2024 8.1 | Jun 2024 12.1 | Sep 2024 9.3 | Dec 2024 11.1 | Mar 2025 6.8 | Jun 2025 9.5 | Sep 2025 8.6 | Dec 2025 7.9 | Mar 2026 7.3
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 8.6 | Sep 2025 8.5 | Dec 2025 7.5 | Mar 2026 5.3

### 20-quarter P/BV history
- 539300: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 2.8 | Sep 2024 2.7 | Dec 2024 9.6 | Mar 2025 12.4 | Jun 2025 12.2 | Sep 2025 9.9 | Dec 2025 3.9 | Mar 2026 4.4
- BOMDYEING: Jun 2021 21.8 | Sep 2021 -11.4 | Dec 2021 -6.4 | Mar 2022 -5.8 | Jun 2022 -2.7 | Sep 2022 -2.3 | Dec 2022 -1.9 | Mar 2023 -1.6 | Jun 2023 -3.1 | Sep 2023 -2.4 | Dec 2023 -2.4 | Mar 2024 -2.5 | Jun 2024 -3.5 | Sep 2024 2.4 | Dec 2024 1.6 | Mar 2025 1.1 | Jun 2025 1.8 | Sep 2025 1.5 | Dec 2025 1.1 | Mar 2026 0.9
- AYMSYNTEX: Jun 2021 1.1 | Sep 2021 1.4 | Dec 2021 1.3 | Mar 2022 1.4 | Jun 2022 1.1 | Sep 2022 1.0 | Dec 2022 0.9 | Mar 2023 0.7 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 0.9 | Mar 2024 1.1 | Jun 2024 1.2 | Sep 2024 2.6 | Dec 2024 2.9 | Mar 2025 3.0 | Jun 2025 2.8 | Sep 2025 2.0 | Dec 2025 1.7 | Mar 2026 1.8
- RAJRILTD: Jun 2021 0.0 | Sep 2021 0.0 | Dec 2021 0.0 | Mar 2022 0.0 | Jun 2022 -0.5 | Sep 2022 8.7 | Dec 2022 18.4 | Mar 2023 0.1 | Jun 2023 0.1 | Sep 2023 21.2 | Dec 2023 9.9 | Mar 2024 11.3 | Jun 2024 11.1 | Sep 2024 16.0 | Dec 2024 12.9 | Mar 2025 11.2 | Jun 2025 18.7 | Sep 2025 16.3 | Dec 2025 9.5 | Mar 2026 8.0
- SARLAPOLY: Jun 2021 1.0 | Sep 2021 1.2 | Dec 2021 1.4 | Mar 2022 1.3 | Jun 2022 1.1 | Sep 2022 1.0 | Dec 2022 0.9 | Mar 2023 0.7 | Jun 2023 1.1 | Sep 2023 1.0 | Dec 2023 1.2 | Mar 2024 1.1 | Jun 2024 2.2 | Sep 2024 1.7 | Dec 2024 2.2 | Mar 2025 1.3 | Jun 2025 1.9 | Sep 2025 1.7 | Dec 2025 1.5 | Mar 2026 1.2
- VISHAL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 1.4 | Mar 2025 1.2 | Jun 2025 1.4 | Sep 2025 1.2 | Dec 2025 1.1 | Mar 2026 0.6

## Market action

Sunrakshakk Industries India Ltd has the strongest one-year price move in Textiles - Processing/Texturising at +24.2%. It also leads on Mansfield relative strength against NIFTY at +27.4%. 3 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Sunrakshakk Industries India Ltd (539300): 24%
2. AYM Syntex Ltd (AYMSYNTEX): 6.1%
3. Sarla Performance Fibers Ltd (SARLAPOLY): -14%
4. Raj Rayon Industries Ltd (RAJRILTD): -18%
5. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): -25%

### Strongest relative strength versus NIFTY 500
1. Sunrakshakk Industries India Ltd (539300): 27%
2. AYM Syntex Ltd (AYMSYNTEX): 26%
3. Sarla Performance Fibers Ltd (SARLAPOLY): 7.1%
4. Raj Rayon Industries Ltd (RAJRILTD): -8.0%
5. Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING): -9.7%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Bombay Dyeing & Manufacturing Company Ltd (BOMDYEING) — market value ₹2.5K Cr; latest fundamentals Mar 2026
- AYM Syntex Ltd (AYMSYNTEX) — market value ₹1.4K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Raj Rayon Industries Ltd (RAJRILTD) — market value ₹1.2K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Sunrakshakk Industries India Ltd (539300) — market value ₹1.2K Cr; latest fundamentals Mar 2026
- Sarla Performance Fibers Ltd (SARLAPOLY) — market value ₹835 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Vishal Fabrics Ltd (VISHAL) — market value ₹497 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 1. Unverified: 5. Withheld: 0. Graded companies: 6.

3 of 6 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | AYMSYNTEX | AYM Syntex Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | RAJRILTD | Raj Rayon Industries Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | SARLAPOLY | Sarla Performance Fibers Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Textiles - Processing/Texturising index?

The Nifty Textiles - Processing/Texturising index tracks India's listed Textiles - Processing/Texturising companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Textiles - Processing/Texturising sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Textiles - Processing/Texturising stocks in India?

Ranked by this page's four-factor score, Sunrakshakk Industries India Ltd places first among 6 listed Textiles - Processing/Texturising companies, followed by Raj Rayon Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Textiles - Processing/Texturising stocks are listed in India?

This comparison covers 6 listed Textiles - Processing/Texturising companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Textiles - Processing/Texturising company is the biggest?

Vishal Fabrics Ltd is the largest, with trailing-twelve-month revenue of ₹1,602 crore, ahead of Bombay Dyeing & Manufacturing Company Ltd at ₹1,461 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

### Which Textiles - Processing/Texturising company is growing fastest?

Sunrakshakk Industries India Ltd has the fastest revenue growth at 100% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Textiles - Processing/Texturising company has the best profit margins?

Sunrakshakk Industries India Ltd has the highest operating margin at 10%, from 6 of 6 comparable companies. Bombay Dyeing & Manufacturing Company Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Textiles - Processing/Texturising company makes the most profit?

Vishal Fabrics Ltd earns the most, at ₹36 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Sunrakshakk Industries India Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Textiles - Processing/Texturising company earns the highest return on capital?

Sunrakshakk Industries India Ltd leads on return on capital employed at 29.2%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Textiles - Processing/Texturising company has the strongest balance sheet?

Bombay Dyeing & Manufacturing Company Ltd carries the lowest comparable gross debt at ₹3 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Textiles - Processing/Texturising stock has the strongest price momentum?

Sunrakshakk Industries India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Textiles - Processing/Texturising company scores highest for research priority?

Sunrakshakk Industries India Ltd scores 73.7 out of 100 with 76.2% evidence confidence, from 26.5 points on growth and earnings, 20.2 on capital efficiency, 10.3 on valuation and 16.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Textiles - Processing/Texturising companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Textiles - Processing/Texturising sector?

The 6 Textiles - Processing/Texturising companies on this page carry ₹7,534 crore of combined market value. Bombay Dyeing & Manufacturing Company Ltd is the largest at ₹2,514 crore, about 33% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### What is the Textiles - Processing/Texturising sector's P/E ratio?

The median price-to-earnings ratio across the 6 Textiles - Processing/Texturising companies on this page is 34.1×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

### How is the Textiles - Processing/Texturising sector performing?

3 of the 6 covered Textiles - Processing/Texturising companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/textiles-processing-texturising