Earnings Call/Transcript
Indo Rama Q2 FY27 Earnings Call Transcript
Indo Rama Synthetics filed the transcript of its Q2 and H1 FY27 earnings conference call held on 26 October 2026 at 4:00 PM IST.
Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.


Investor Presentation
Q2 FY27
Investor Presentation
Q1 FY26
Investor Presentation
Q4 FY25
Textiles & Apparels
Other Textile Products
1,943 Cr
High Risk
9.2
26.7
0.0
3.0
112.31
28.70
Sales CAGR
Profit CAGR
ROE
ROCE

View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
View Standalone
Bearish
2
Neutral
6
Bullish
6
Bearish
14
Neutral
6
Bullish
26
Bearish
12
Neutral
0
Bullish
20
Bearish
12
Neutral
0
Bullish
20
Bearish
12
Neutral
0
Bullish
20
Bearish
12
Neutral
0
Bullish
20
Indo Rama Synthetics (India) Ltd (INDORAMA) is currently trading at 78.15 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Indo Rama Synthetics manufactures polyester filament yarn, staple fiber, draw textured yarn, polyester chips, and bottle-grade PET resin from its integrated Butibori complex. Its 6.72 lakh-tonne annual capacity serves textile, packaging, automotive, hygiene, home-furnishing, and industrial customers across 19 Indian states and Union Territories, with exports to 28 countries. Q2 FY27 showed substantial operating improvement: total income rose 10% year-on-year to INR1,344 crore, EBITDA increased 46.4% to INR117.7 crore, and profit after tax jumped 201.8% to INR74.1 crore. Margin expansion was supported by better product contribution, cost discipline, lower finance costs, and the ability to pass through sharply higher raw-material prices. Despite a 9.7% decline in H1 FY27 income caused mainly by supply-chain issues, EBITDA grew 24.9% and profit after tax increased 78.3%. Operating cash flow reached INR328.5 crore, while net debt fell 23.5% to approximately INR852 crore, materially strengthening leverage and improving debt-servicing flexibility. The company is positioning for a potentially more favorable polyester cycle through domestic PTA availability, trade agreements, improving competitiveness against China and other Asian exporters, and stagnant cotton supply. Management believes these factors can support higher utilization, renewed exports, and double-digit EBITDA margins, although much depends on commodity prices and execution.
Over the past 52 weeks, Indo Rama Synthetics (India) Ltd has traded between a low of ₹28.70 and a high of ₹112.31. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Indo Rama Synthetics (India) Ltd has a market capitalization of approximately 1,943.47. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Indo Rama Synthetics (India) Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 9.22 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,943.47 Cr, Indo Rama Synthetics (India) Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Indo Rama Synthetics (India) Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Indo Rama Synthetics (India) Ltd is 9.22. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Indo Rama said supply-chain disruption affected both the first and second quarters of FY27. It therefore expects annual volume of about 4 lakh tonnes, compared with around 4.75 lakh tonnes in FY26.
Indo Rama attributes the change to cost optimisation, eight profitable quarters in succession and improved access to PTA and MEG after policy changes. Management also cites Rs 628 crore spent in 2023 and 2024 on ramp-up and debottlenecking work.
Indo Rama Synthetics is investing in specialty fibre and specialty filament production at its Butibori complex. The approved amount is additional capital expenditure across Indo Rama Synthetics and its wholly owned subsidiary, Indorama Ventures Yarns Private Limited.
Indo Rama reported Q2 FY27 profit after tax of ₹74.1 crore. This was a 202% increase year-on-year, according to the company's investor presentation.