500270
Baroda Rayon financials
- Market cap
- ₹284 Cr
- Sector
- Realty
What Baroda Rayon does
The Baroda Rayon Corporation Limited was incorporated in 1958 to manufacture textile (rayon yarn) products. Since August 2008, all operational activities of its textile segment have been at a standstill. The company's only active operating segment today is real estate, where it runs ongoing projects that generate its revenue income.
Segments
- Real Estate
- Textile
- Operating segment
- Real Estate (sole active segment)
- Textile manufacturing status
- Halted since August 2008
Quarterly results
Q1 FY27: revenue down 18.2%, net profit up 157.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 15 | 57 | 22 | 13 −24% | 13 −13% | 14 −75% | 18 −18% |
| EBITDA | 5 | 4 | 16 | 7 | 5 +0% | 4 +0% | 3 −81% | 6 −14% |
| Net profit | 5 | 4 | 24 | 7 | 6 +20% | 4 +0% | 5 −79% | 18 +157% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −13.5% 1Y
1Y: ₹143.75 on 10 Sept 2025 → ₹124.3. High ₹147 (16 Sept 2025), low ₹100.9 (30 Mar 2026).
Financials, as filed
Revenue grew 2.0% a year over 3 years, FY23 to FY26. Operating margin narrowed to 30.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹58 Cr | ₹76 Cr | ₹99 Cr | ₹62 Cr |
| Operating profit | ₹238 Cr | ₹9 Cr | ₹27 Cr | ₹19 Cr |
| Operating margin | 406.5% | 11.8% | 27.3% | 30.6% |
| Interest | ₹7 Cr | ₹3 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹273 Cr | ₹34 Cr | ₹39 Cr | ₹22 Cr |
| Net margin | 466.7% | 44.7% | 39.4% | 35.5% |
| Cash from operations | ₹22 Cr | ₹-3 Cr | ₹42 Cr | ₹-4 Cr |
| Free cash flow | ₹47 Cr | ₹5 Cr | ₹28 Cr | ₹-2 Cr |
| ROCE | 55.0% | 2.0% | 5.0% | 4.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹-373 Cr | ₹2 Cr | ₹275 Cr | ₹309 Cr | ₹363 Cr | ₹372 Cr |
| Borrowings | ₹242 Cr | ₹295 Cr | ₹245 Cr | ₹211 Cr | ₹194 Cr | ₹176 Cr |
| Other liabilities | ₹209 Cr | ₹95 Cr | ₹94 Cr | ₹98 Cr | ₹180 Cr | ₹162 Cr |
| Total liabilities | ₹102 Cr | ₹415 Cr | ₹637 Cr | ₹642 Cr | ₹760 Cr | ₹732 Cr |
| Fixed assets | ₹41 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹19 Cr | ₹19 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹55 Cr | ₹406 Cr | ₹627 Cr | ₹638 Cr | ₹740 Cr | ₹712 Cr |
| Total assets | ₹102 Cr | ₹415 Cr | ₹637 Cr | ₹642 Cr | ₹760 Cr | ₹732 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 76,678.
- Promoters
- 67.5%
- FIIs
- 0.0%
- DIIs
- 0.9%
- Public
- 31.5%
Since Jun 2025
- DIIs −0.09 pp
- Public +0.08 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 67.5%, FIIs 0.0%, DIIs 1.1%, Public 31.4%.Dec '23: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.4%.Mar '24: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.4%.Jun '24: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.4%.Sep '24: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.4%.Dec '24: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.5%.Mar '25: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.5%.Jun '25: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.5%.Sep '25: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.5%.Dec '25: Promoters 67.5%, FIIs 0.0%, DIIs 1.0%, Public 31.4%.Mar '26: Promoters 67.5%, FIIs 0.0%, DIIs 0.9%, Public 31.5%.Jun '26: Promoters 67.5%, FIIs 0.0%, DIIs 0.9%, Public 31.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Baroda Rayon above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Kanchenjunga Texturisers Private Limited | 32.30% | unchanged |
| Sejima Texyarn Private Limited | 19.28% | unchanged |
| Damodar Bhimjibhai Patel | 6.21% | unchanged |
| Mohanlal Bhimjibhai Patel | 4.67% | unchanged |
| Viral Damodar Bhavani | 4.19% | unchanged |
| Narshibhai Devjibhai Bhavani | 1.29% | unchanged |
| Leeladhar Devjibhai Bhavani | 1.20% | unchanged |
| Devjibhai Ramjibhai Patel | 1.20% | unchanged |
| Rohan Bhavani | 1.19% | unchanged |
| Versa S A | 1.06% | unchanged |
| Janak Leeladharbhai Bhavani | 1.02% | unchanged |
| Shree Durga Industrial Controls Pvt Ltd | 0.27% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Baroda Rayon
Guides on how to read this kind of business and the numbers that matter.