Raj Rayon Industries Limited · NSE:RAJRILTD
Raj Rayon Industries — Investor Presentation (March 2026)
41 slides from Raj Rayon Industries's investor presentation, March 2026
Slide 1: Raj Rayon Industries Limited Investor Presentation
POY DTY FDY CHIPS Raj Rayon BASE YARN VALUE ADDED VALUE ADDED BY PRODUCT PRODUCTS PRODUCTS Industries Limited Investor Presentation March 2026
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Raj Rayon Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Company Overview
Company Overview 3
Slide 4: Company Snapshot
Company Snapshot Revived under Established Plant Location SVG Group 1993 Jan 2023 Silvassa MFG Land Area Manufacturing CAPEX (over next 2 years) 25 acres Plant Size Rs 500–600 900,000 sq ft Crores Installed Capacity (In TPD) Products +13% p.a. 477 Polyester Chips POY 391 371 DTY Specialty Yarns FY24
Slide 5: Our Journey
Our Journey 1993 2018 2021–2022 FY24 FY26 Raj Rayon Industries Production at the Intensive modernisation of First full year of Third consecutive capacity Limited established at Silvassa plant comes to plant infrastructure. operations. First capacity expansion completed and Silvassa. Specialises in a
Slide 6: SVG Ecosystem & Vertical Integration
SVG Ecosystem & Vertical Integration Vertical Integration Value Proposition Established 1984. India's leading vertically integrated producer of polyester knits, converting fibre to fully stitched garments. Captive Demand: RRIL’s upstream operations support SVG’s downstream business, ensuring stable
Slide 7: SVG Group – The Value Chain
SVG Group – The Value Chain The Highlighted stages represent the process owned and operated by Raj Rayon Industries Ltd 7
Slide 8: SVG Takeover of RRIL — Transaction Structure
SVG Takeover of RRIL — Transaction Structure 2021 2022–23 FY24–FY27 How SVG Funded the Acquisition Bank Debt Raised Post Acquisition Debt Retirement as Revenues Scaled SVG Capital Infusion Term Loans Debt Evolution vs Revenue Growth Equity (Share Capital) Rs 54.9 Cr Bank of Baroda Rs 180 Cr Year Ter
Slide 9: RRIL's Credit Rating Journey
RRIL’s Credit Rating Journey IND BBB+ / Stable • Linkages with Strong Parent • Strong Credit Metrics; Likely to Improve Further in Medium Term • Liquidity Indicator — Adequate IND D (Issuer Not Cooperating) • Successful Turnaround of • Production at the Silvassa Operations 2025 plant was halted as t
Slide 10: Products & Manufacturing Process Flow
Products & Manufacturing Process Flow Products Capacity (in TPD) Polyester Chips: +75% +86% The base polymer product, made through continuous melt polymerisation of PTA and MEG. Used as feedstock by other yarn manufacturers. Lower- 700 +167% FY23 margin product; RRIL uses polymer internally for POY/
Slide 11: Manufacturing Infrastructure
Manufacturing Infrastructure • 25 acres land and 900,000sq ft manufacturing plant strategically located in the scenic region of Silvassa • Supplies polyester filament yarn throughout India • Comprehensive R&D facilities for spinning and texturizing • State-of-the-art equipment for polymer and yarn t
Slide 12: Board of Directors
Board of Directors Mr. Rajkumar Mr. Sandiip Ms. Sapna Ms. Supriya Mr. Vinodkumar Mr. Kailashnath Satyanarayan Satyanarayan Rajkumar Mahesh Pujari Bajranglal Dalmia Jeevan Koppikar Agarwal Agarwal Agarwal Executive Director & Non-Executive, Non-Executive, Non-Executive, Non-Executive, Chairman CEO In
Slide 13: Corporate Videos
Corporate Videos 01 RRIL Transformation Film 02 RRIL Corporate Film 03 SVG Fashions Corporate Film From abandonment to ambition — this A corporate film on Raj Rayon Industries A corporate film presenting SVG Fashions film captures the transformation of Raj Limited — showcasing the company's — India'
Slide 14: Business Model
Business Model 14
Slide 15: Revenue Model
Revenue Model Primary revenue Pricing Pricing Sales Customer Export Working streams mechanism Premium channels base revenues capital cycle RRIL operates a structurally POY (largest), RRIL prices RRIL commands Primarily through 3,500+ customers RRIL plans to negative working capital DTY (growing), pr
Slide 16: Input Cost Dynamics
Input Cost Dynamics Location Advantage Price Trend Primary raw materials Purified Terephthalic Acid Western region (Gujarat / PTA and MEG prices have (PTA) and Mono Ethylene witnessed declining trend Maharashtra) produces ~70– driven by China oversupply. Glycol (MEG) — together 73% of India's PTA an
Slide 17: Structural Advantages
Structural Advantages Strong Management Pedigree SVG Group founded in 1984 has more than four decades of experience in continuous textile operation through multiple cycles and disruptions. Promoters have full domain expertise across the complete value chain Complete Value Chain with an established t
Slide 18: Growth Strategy
Growth Strategy 18
Slide 19: Growth Drivers
Growth Drivers Athleisure Boom Automotive Industry Expansion The post-COVID shift to fitness and Growing vehicle production and rising performance wear has structurally polyester content per vehicle — for elevated global demand for polyester, airbags, seatbelts, headliners, carpets which is the domi
Slide 20: Capacity Expansion Plan
Capacity Expansion Plan ₹500–600 Cr Infrastructure Lower Cost / Cost Savings New Products Margin Mix Shift Capex Already Built Tonne vs Amplified Unlocked Greenfield Land, civil, utilities and Next 18 to 24 inherent capacity built in Significant capex saving Packaging, Logistics, FDY, Cotton-like, I
Slide 21: Identifiable Margin Levers
Identifiable Margin Levers Operating leverage 01 Fixed costs spread over ~75% more production volume as polymerisation scales 300 to 700 TPD — fixed cost per kg produced falls proportionately. Product mix shift towards DTY and niche products 02 As DTY capacity grows from 150 to 400 TPD (+167%), the
Slide 22: Sustainability Measures
Sustainability Measures Energy Recovery Residual process heat is recovered and reused for preheating HTM heaters, Efficient Water Recycling reducing fuel consumption. Biomass fuel 2 A state-of-the-art ETP with Reverse conversion planned — reduces both cost Osmosis technology is operational. Text Her
Slide 23: RRIL at Inflection Point
RRIL at Inflection Point A Verified Turnaround — Three Consecutive Expansions The Margin Story Is Entirely Ahead Revenue from Rs. 137 Crore in FY23 to Rs Operating leverage, DTY and niche products 1,150 Crore in FY26. From NCLT insolvency to mix shift, specialty products and cost savings 3,500+ cust
Slide 24: Industry Overview
Industry Overview 24
Slide 25: Indian Textile Market
Indian Textile Market INR bn 7,666 9,115 12,300 -12,400 71-73% Indian Textile & Apparel Market Domestic 65% 68% to Grow at 6%–7% by FY28 Export 35% 32% 27%-29% FY19 FY23 FY 28P Market Growth led by various Domestic Fibre Consumption Drivers: Economic Factors MMF/ Capita 22.5 60% (Kg/Capita) • Increa
Slide 26: Polyester Yarn Industry
Polyester Yarn Industry PSF + PFY Domestic Demand is in the range of ~5.0 mn.t Annually Polyester yarn market in India is ~Rs 550bn PFY (Polyester filament yarn) PSF (Polyester staple fiber) ‘000 tonne ‘000 tonne 3712 3805 1620 3630 1477 1307 3070 3340 1350 3288 1053 1275 642 342 465 254 202 270 FY1
Slide 27: Quarterly Financial Highlights
Quarterly Financial Highlights 27
Slide 28: Management Commentary
Management Commentary "FY26 has been a defining year for Raj Rayon. We delivered 39% revenue growth to Rs 1,180 Crore — driven majority by volume expansion following the significant capacity additions we commissioned in the first and second quarters of the year. Our EBITDA more than doubled to Rs 64
Slide 29: Financial Highlights – Q4FY26
Financial Highlights – Q4FY26 Rs. in crore Revenue EBITDA & Margin (%) PAT & Margin (%) +43% +51.9% +4.4% 295 16 13 14 206 11 5.2% 5.5% 6.5% 4.8% Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Production (in ‘000 MT) Sales (in ‘000 MT) Capacity Utilization +37% +40% 96% 42.84 30.08 68% 31.28 21.51 Q4FY25
Slide 30: Financial Highlights – FY26
Financial Highlights – FY26 Rs. in crore Revenue EBITDA & Margin (%) PAT & Margin (%) +39% +115.7% +146.2% 1180 64 34 849 30 14 3.5% 5.4% 1.6% 2.9% FY25 FY26 FY25 FY26 FY25 FY26 Production (in ’000 MT) Sales (in ‘000 MT) Capacity Utilization +41% +42% 95% 82% 165.53 125.27 117.40 88.36 FY25 FY26 FY2
Slide 31: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crores) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 294.8 205.8 43.2% 1,179.7 849.4 38.9% Raw Material 231.3 161.3 934.2 692.5 Gross Profit 63.5 44.6 42.4% 245.5 156.9 56.5% Gross Profit Margin 21.5% 21.7% 20.8% 18.5% Employee Cost 4.5 3.4 16.2 12
Slide 32: Balance Sheet
Balance Sheet ASSETS (Rs. Crores) Mar-26 Mar-25 EQUITY AND LIABILITIES (Rs. Crores) Mar-26 Mar-25 Non-current assets Equity Property, plant and equipment 342.4 212.4 Equity Share capital 55.6 55.6 Capital work-in-progress 0.9 101.5 Instruments entirely equity in nature 25.0 25.0 Other intangible ass
Slide 33: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crores) Mar-26 Mar-25 Net Profit Before Tax 32.3 8.3 Adjustments for: Non Cash Items / Other Investment or Financial Items 33.7 24.7 Operating profit before working capital changes 66.0 33.0 Changes in working capital 53.2 4.0 Cash generated from Operations 119.3
Slide 34: Historical Financial Highlights
Historical Financial Highlights 34
Slide 35: Historical Financial Highlights
Historical Financial Highlights Rs. in crore Revenue EBITDA & Margin (%) PAT & Margin (%) 34 +105% p.a. 1180 64 +228% 14 849 4 745 0.5% 1.6% 2.9% 27 30 137 1.3% 3.7% 3.5% 5.4% 2 -12 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Production (in ’000 MT) Sales (in ’000 MT) Capacity Utiliz
Slide 36: Historical Financial Highlights - Segmental
Historical Financial Highlights - Segmental Revenue (Rs. in Cr) Installed Capacity (in ’000 MT) Capacity Utilization (%) 174.00 1179 14.00 142.66 99% 111 135.50 66% 50% 45% 848 32.00 756 45.00 120 117.00 672 94% 92% 94% 97% 225 395 77.00 57.50 237 27.90 134 84% 87% 91% 88% 294 333 396 15.00 43.00 53
Slide 37: Historical Financial Highlights
Historical Financial Highlights ROCE ROE 21.7 16.2 12.1 3.8 11.0 8.9 0.5 -44.3 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Asset Turnover Debt to Equity 3.6 1.9 3.6 1.6 2.8 1.2 1.2 0.9 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 37
Slide 38: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crores) FY26 FY25 FY24 FY23 Revenue from Operations 1,179.7 849.4 745.2 137.2 Raw Material 934.2 692.5 599.2 109.3 Gross Profit 245.5 156.9 145.9 28.0 Gross Profit Margin 20.8% 18.5% 19.6% 20.4% Employee Cost 16.2 12.0 11.5 2.0 Other Expenses 165.6 115.4 107.
Slide 39: Balance Sheet
Balance Sheet ASSETS (Rs. Crores) Mar-26 Mar-25 Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crores) Mar-26 Mar-25 Mar-24 Mar-23 Non-current assets Equity Property, plant and equipment 342.4 212.4 218.7 138.4 Equity Share capital 55.6 55.6 55.6 55.6 Capital work-in-progress 0.9 101.5 2.8 7.9 Instrument
Slide 40: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crores) Mar-26 Mar-25 Mar-24 Mar-23 Net Profit Before Tax 32.3 8.3 9.9 -12.5 Adjustments for: Non Cash Items / Other Investment or Financial Items 33.7 24.7 25.5 14.6 Operating profit before working capital changes 66.0 33.0 35.4 2.1 Changes in working capital 53
Slide 41: Thank You
Thank You Company Investor Relations Advisors Raj Rayon Industries Limited CIN: L17120DN1993PLC000368 CIN: U74140MH2010PTC204285 Ms. Riddhi Shah Mr. Dhruv Shah / Ms. Drashti Shah Consulting Company Secretary +91 84337 10056 / +91 87672 24443 investors@rajrayon.com dhruv.shah@sgapl.net / drashti.shah
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