GUJRAFFIA
Gujarat Raffia Industries financials
- Market cap
- ₹22 Cr
- Sector
- Capital Goods
What Gujarat Raffia Industries Limited does
Gujarat Raffia Industries Limited is a Gujarat-based industrial manufacturing company headquartered in Ahmedabad, with its registered office and manufacturing works at Santej, Taluka Kalol, in Gandhinagar district. The company operates manufacturing plants whose operations and processes have been reviewed on-site by the board's independent directors. It also has an export business, reporting foreign exchange earnings alongside its domestic operations in both FY2024-25 and FY2023-24.
- Manufacturing plant location
- Santej, Taluka Kalol, Gandhinagar district, Gujarat
- Export operations
- Active — foreign exchange earnings reported in FY2024-25 and FY2023-24
Quarterly results
Q1 FY27: revenue down 18.5%, net profit up 38.2% 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 | 5 | 6 | 8 | 12 | 26 +377% | 24 +292% | 27 +239% | 9 −18% |
| EBITDA | 1 | 1 | 0 | 1 | 1 +39% | 0 −39% | 1 +500% | 1 −20% |
| Net profit | 0 | 0 | 0 | 0 | 0 +171% | 0 +38% | 0 +310% | 0 +38% |
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 +7.0% 1Y
1Y: ₹38.99 on 10 Sept 2025 → ₹41.72. High ₹86.18 (24 Oct 2025), low ₹35.45 (4 Mar 2026).
Financials, as filed
Revenue grew 69.2% a year over 2 years, FY24 to FY26. Operating margin held at 3.4%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹31 Cr | ₹30 Cr | ₹89 Cr |
| Operating profit | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Operating margin | 3.0% | 6.0% | 3.4% |
| Interest | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹2 Cr |
| Net profit | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net margin | 1.7% | 1.8% | 1.2% |
| Cash from operations | ₹5 Cr | ₹8 Cr | ₹5 Cr |
| Free cash flow | ₹5 Cr | ₹6 Cr | ₹5 Cr |
| ROCE | 4.0% | 4.0% | 6.4% |
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 | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹13 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr | ₹16 Cr | ₹17 Cr |
| Borrowings | ₹3 Cr | ₹8 Cr | ₹13 Cr | ₹4 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹3 Cr | ₹5 Cr | ₹3 Cr | ₹2 Cr | ₹6 Cr | ₹4 Cr |
| Total liabilities | ₹24 Cr | ₹33 Cr | ₹36 Cr | ₹26 Cr | ₹30 Cr | ₹28 Cr |
| Fixed assets | ₹8 Cr | ₹9 Cr | ₹12 Cr | ₹11 Cr | ₹10 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹10 Cr | ₹8 Cr |
| Other assets | ₹17 Cr | ₹24 Cr | ₹24 Cr | ₹13 Cr | ₹10 Cr | ₹11 Cr |
| Total assets | ₹24 Cr | ₹33 Cr | ₹36 Cr | ₹26 Cr | ₹30 Cr | ₹28 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 grew 6% to 31,614.
- Promoters
- 39.6%
- Public
- 60.4%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 39.6%, Public 60.4%.Dec '23: Promoters 39.6%, Public 60.5%.Mar '24: Promoters 39.6%, Public 60.4%.Jun '24: Promoters 39.6%, Public 60.4%.Sep '24: Promoters 39.6%, Public 60.4%.Dec '24: Promoters 39.6%, FIIs 0.4%, Public 60.0%.Mar '25: Promoters 39.6%, FIIs 0.4%, Public 60.0%.Jun '25: Promoters 39.6%, Public 60.4%.Sep '25: Promoters 39.6%, Public 60.4%.Dec '25: Promoters 39.6%, Public 60.4%.Mar '26: Promoters 39.6%, Public 60.4%.Jun '26: Promoters 39.6%, Public 60.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Gujarat Raffia Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pradeep Bhutoria | 12.62% | unchanged |
| Bengal Business Llp | 9.44% | unchanged |
| Asian Gases Ltd | 8.16% | unchanged |
| Pradeepkumar Bhutoria (Huf) | 3.46% | unchanged |
| Sushma Bhutoria | 2.65% | unchanged |
| Abhishek P Bhutoria | 2.51% | unchanged |
| Sneha Bhutoria | 0.76% | 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.
What the price assumes
- Growth the price implies
- 16.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Gujarat Raffia Industries Limited
Guides on how to read this kind of business and the numbers that matter.