Raj Rayon Industries share price today

Raj Rayon Industries Ltd's share price was ₹20.28 at the close on 4 November 2026. It has been falling for 8 weeks. That is 7.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹20 and ₹26, and at that close it sat 13% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Raj Rayon Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 5 weeks in a row.

Over the last 11 years the share price moved +4,970% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue fell in the June 2026 quarter and best operating margin in 15 quarters.

1. Revenue fell in the June 2026 quarter

   Revenue was ₹204 crore, -21.4% on a year earlier (₹260 crore), after 4 quarters of growth.

2. Best operating margin in 15 quarters

   Operating margin was 8.5% in the June 2026 quarter, against 5.9% a year earlier.

   Why: The operating margin, the share of sales left after running costs, rose because the company got better prices at home while supply was tight. It chose domestic sales over exports.

   Next results: check whether raw material costs and selling prices leave a better gap for the margin.

   From the earnings call on 28 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Raj Rayon Industries reported revenue of ₹204 crore, down 21.4% from ₹260 crore a year earlier, and a profit of ₹6.86 crore, up 13.0% from ₹6.07 crore.

Raj Rayon Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Raj Rayon Industries' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Raj Rayon Industries closed at ₹20.28 on 4 November 2026, down 15.5% from ₹23.99 a year earlier (7 November 2025) and up 5,694.3% over five years. Its highest weekly close since March 2016 was ₹84.65 on 3 March 2023.

Raj Rayon Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

536 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Raj Rayon Industries closed at ₹20.28, up 4.0% on the week and up 1.4% on the month. 28 Sep 2026: Raj Rayon Industries held its results call for April to June 2026. Management guided: Capacity to reach 700 tons per day over the next 2 years, with value addition rising during the ramp.

Earlier

• Results for April to June 2026: Revenue down 21.4% and profit up 13.0% on a year earlier.

Raj Rayon Industries has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Raj Rayon Industries Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Raj Rayon Industries' management guided: Capacity to reach 700 tons per day over the next 2 years, with value addition rising during the ramp.

“If I am getting better realization in the domestic market, I do not want to export simply because exporting sounds attractive. I want to earn more.”Sandeep Agarwal, on the call for April to June 2026

What management guided

• Planned ₹650 crore expansion funding: ₹350 crore primary capital, approximately ₹150-200 crore debt, balance internal accruals.
• Promoter stake planned at 75%, with dilution planned over the next 6 months.
• September quarter expected to be considerably better than Q1 on top line and bottom line; volume and realization growth expected, with demand continuing through March.
• Spreads expected to increase by 1-2% as domestic PTA supply expands.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When Raj Rayon Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: September-quarter top line, bottom line, volume, and realization improvement - check against management's stronger-than-Q1 expectation.

Raj Rayon Industries is on 2 of our India lists: 52 week high & low and Penny stocks.

Raj Rayon Industries Ltd earned ₹6.9 Cr of net profit in the Jun 2026 quarter, +13.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹34.0 Cr. That is 3.4% of the quarter's revenue. The same quarter a year earlier earned ₹6.1 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

3 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹34.0 Cr (+142.9% on the year before).

Why profit moved: revenue changed −21.4% on a year earlier and the margin moved +2.5 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −3.5% and revenue +26.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Raj Rayon Industries Ltd reported ₹204 Cr of revenue in the Jun 2026 quarter, −21.4% on the same quarter a year earlier. Over 10 years it has grown 10.1% a year on average. The last full year, FY26, came in at ₹1,180 Cr. The last four reported quarters add to ₹1,124 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,180 Cr, +39.0% on the year before.

Recent pace: the last four quarters grew +26.4% on average, against 10.1% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.9%, against +19.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +49.0%, against +1,035.0% a year (rolling over).

Raj Rayon Industries Ltd's operating margin was 8.4% in the Jun 2026 quarter, 2.5 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 10 years it has been between −65.0% and 5.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.5 percentage points on the year while gross margin changed +3.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 452% of Raj Rayon Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹119 Cr of operating cash against ₹34.0 Cr of profit. After ₹48.0 Cr of spending on assets, ₹71.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 452% of profit came in as cash: the cash cycle got 150 days shorter between FY18 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 5.8× depreciation over three years. The next section checks what that spending is building.

Raj Rayon Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −26 days in FY26, down from 124 days in FY18. It spent ₹238 Cr on assets over the last 3 years. Customers take 9 days to pay, and stock sits for 46 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,180 Cr, each day of that cycle ties up about ₹3.2 Cr, so roughly −₹84.0 Cr is tied up in the business at any time.

FY26: customers took 9 days to pay and stock sat for 46 days, about 1.5 months of sales sitting as stock, for a full cycle of −26 days, shorter than FY18's 124.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 46 days. Customers pay about 9 days after that. Suppliers are paid at 82 days. Together that makes the −26-day cycle.

Spending on assets: ₹238 Cr over the last 3 years, against ₹41.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Raj Rayon Industries Ltd's P/E is 32.5×, near the low end of its own history: it has been lower only 5% of the time. Its usual P/E (the middle reading) is 39.4×, over 2.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +144.0% while the price moved −15.5%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Raj Rayon Industries Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 11 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.