--- title: "Indian Acrylics Ltd (INDIANACRY) — Share Price, Financials & Analysis" symbol: "INDIANACRY" company: "Indian Acrylics Ltd" canonical: "https://tapetide.com/stocks/INDIANACRY" bse_code: "514165" sector: "Commodities" industry: "Chemicals & Petrochemicals" generated_at: "2026-09-13T18:46:15.631Z" --- # Indian Acrylics Ltd (INDIANACRY) Canonical page: https://tapetide.com/stocks/INDIANACRY ## Company - **BSE Code:** 514165 - **Sector:** Commodities - **Industry:** Chemicals & Petrochemicals - **Macro Sector:** Commodities - **Face Value:** ₹10 - **F&O Eligible:** No - **Website:** indianacrylics.com ## About Incorporated in 1996, Indian Acrylics Ltd is in the business of manufacturing both acrylic fiber and yarn.[1] ## Latest Price ## Key Insights ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of -7.74% over past five years. - Promoters have pledged 26.4% of their holding. - Earnings include an other income of Rs.6.23 Cr. ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | 22% | — | — | | revenue growth | 3% | -27% | -8% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 171.59 | 130.22 | 106.34 | 114.16 | 95.88 | 96.36 | 82.92 | 86.19 | 102.19 | 89.3 | 74 | 106.94 | | Expenses | 184.58 | 127.12 | 110.19 | 115.54 | 99.84 | 95.03 | 82.66 | 86.28 | 100.41 | 85.95 | 80.36 | 105.6 | | Operating Profit | -12.99 | 3.1 | -3.85 | -1.38 | -3.96 | 1.33 | 0.26 | -0.09 | 1.78 | 3.35 | -6.36 | 1.34 | | OPM % | -7.57 | 2.38 | -3.62 | -1.21 | -4.13 | 1.38 | 0.31 | -0.1 | 1.74 | 3.75 | -8.59 | 1.25 | | Other Income | 1.21 | 1.6 | 1.71 | 2.8 | 0.72 | 1.21 | 0.36 | 1.86 | 0.25 | 1.48 | 2.15 | 2.35 | | Interest | 9.14 | 8.43 | 6.45 | 6.5 | 4.57 | 4.33 | 3.15 | 3.67 | 4.94 | 4.22 | 4.45 | 2.98 | | Depreciation | 3.81 | 3.91 | 3.76 | 3.69 | 3.69 | 3.13 | 3.16 | 2.82 | 2.84 | 2.81 | 2.75 | 2.38 | | Profit before tax | -24.73 | -7.64 | -12.35 | -8.77 | -11.5 | -4.92 | -5.69 | -4.72 | -5.75 | -2.2 | -11.41 | -1.67 | | Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Net Profit | -24.74 | -7.65 | -12.34 | -8.77 | -11.49 | -4.92 | -5.69 | -4.72 | -5.75 | -2.2 | -11.42 | -1.67 | | EPS in Rs | -1.83 | -0.57 | -0.91 | -0.65 | -0.85 | -0.36 | -0.42 | -0.35 | -0.42 | -0.16 | -0.84 | -0.12 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 523 | 731 | 745 | 526 | 618 | 902 | 546 | 389 | 352 | 372 | | Expenses | 486 | 701 | 678 | 468 | 641 | 838 | 561 | 393 | 353 | 372 | | Operating Profit | 36 | 30 | 67 | 59 | -23 | 65 | -15 | -3 | -1 | 0 | | OPM % | 7 | 4.1 | 9 | 11 | -3.7 | 7 | -2.7 | -0.9 | -0.4 | 0 | | Other Income | 8 | 28 | 4 | 8 | 6 | 7 | 8 | 5 | 6 | 6 | | Interest | 20 | 28 | 38 | 35 | 34 | 37 | 32 | 19 | 17 | 17 | | Depreciation | 16 | 18 | 22 | 25 | 25 | 16 | 15 | 14 | 11 | 11 | | Profit before tax | 9 | 12 | 11 | 6 | -76 | 19 | -54 | -31 | -24 | -21 | | Tax % | 0 | 6 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | — | | Net Profit | 9 | 11 | 11 | 6 | -76 | 19 | -54 | -31 | -24 | -21 | | EPS in Rs | 0.66 | 0.84 | 0.79 | 0.46 | -5.62 | 1.44 | -3.99 | -2.28 | -1.78 | -1.54 | | Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 135 | 135 | 135 | 135 | 135 | 135 | 135 | 135 | 135 | 135 | | Reserves | -37 | -15 | -4 | 6 | 13 | -63 | -43 | -95 | -125 | -148 | | Borrowings | 147 | 204 | 205 | 214 | 216 | 216 | 184 | 187 | 183 | 231 | | Other Liabilities | 177 | 172 | 241 | 263 | 211 | 310 | 282 | 171 | 179 | 134 | | Total Liabilities | 422 | 496 | 577 | 618 | 575 | 599 | 557 | 398 | 372 | 352 | | Fixed Assets | 193 | 228 | 218 | 288 | 273 | 254 | 242 | 226 | 207 | 194 | | CWIP | 1 | 11 | 58 | 11 | 3 | 2 | 1 | 1 | 1 | 1 | | Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Assets | 227 | 258 | 301 | 319 | 299 | 343 | 315 | 171 | 165 | 158 | | Total Assets | 422 | 496 | 577 | 618 | 575 | 599 | 557 | 398 | 372 | 352 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | 15 | 4 | 76 | 101 | 11 | 87 | 54 | 9 | -10 | -30 | | Cash from Investing Activity | -57 | -60 | -57 | -43 | -5 | -4 | -1 | 0 | 27 | 2 | | Cash from Financing Activity | 46 | 40 | -18 | -54 | -11 | -37 | -74 | -36 | -17 | 34 | | Net Cash Flow | 4 | -16 | 1 | 4 | -5 | 47 | -22 | -27 | 1 | 6 | | Free Cash Flow | -42 | -55 | 19 | 58 | 6 | 84 | 53 | 9 | 18 | -28 | | CFO/OP | 32 | 12 | 252 | 150 | 19 | -379 | 83 | -59 | 277 | 2277 | ### Ratios | Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 37 | 26 | 19 | 13 | 12 | 14 | 11 | 12 | 15 | 17 | | Inventory Days | 157 | 188 | 141 | 175 | 276 | 164 | 127 | 112 | 158 | 161 | | Days Payable | 174 | 153 | 142 | 166 | 210 | 201 | 147 | 126 | 176 | 146 | | Cash Conversion Cycle | 20 | 61 | 18 | 22 | 79 | -23 | -8 | -3 | -4 | 32 | | Working Capital Days | 0 | 27 | 10 | 1 | 31 | -37 | -16 | -40 | -42 | -2 | | ROCE % | 22 | 10 | 5 | 14 | 11 | -13 | 20 | -9 | -6 | -3 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 59.85% | 59.89% | 61.4% | 62.56% | 62.56% | 62.56% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | | DIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | | Public | 40.08% | 40.04% | 38.54% | 37.37% | 37.37% | 37.37% | 37.37% | 37.36% | 37.37% | 37.37% | 37.36% | | No. of Shareholders | 104595 | 103433 | 100601 | 98919 | 98604 | 105474 | 104837 | 104258 | 103502 | 102343 | 102007 | ### Quarterly | Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | 62.57% | | DIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | | Public | 37.38% | 37.37% | 37.36% | 37.36% | 37.36% | 37.37% | 37.37% | 37.38% | 37.37% | 37.36% | 37.37% | 37.36% | | No. of Shareholders | 103530 | 103277 | 104258 | 104097 | 103759 | 103680 | 103502 | 103172 | 102906 | 102598 | 102343 | 102007 | ## Technical Indicators Derived from daily closing prices and recomputed each trading session; values move with the market. - **Overall Signal:** Strong Sell - **Buy / Neutral / Sell:** 1 / 6 / 12 ### Moving Averages — summary: **Strong Sell** | Indicator | Value | Signal | | --- | --- | --- | | SMA (10) | 5.9 | Sell | | EMA (10) | 5.89 | Sell | | SMA (20) | 5.94 | Sell | | EMA (20) | 5.91 | Sell | | SMA (50) | 5.88 | Sell | | EMA (50) | 5.89 | Sell | | SMA (100) | 5.92 | Sell | | EMA (100) | 5.9 | Sell | | SMA (200) | 5.92 | Sell | | EMA (200) | 6.14 | Sell | ### Oscillators — summary: **Sell** | Indicator | Value | Signal | | --- | --- | --- | | RSI (14) | 45.83 | Neutral | | MACD (12,26,9) | -0.01 | Sell | | Stochastic (14,3,3) | 60.66 | Neutral | | ADX (14) | 14.57 | Neutral | | Williams %R (14) | -44.14 | Neutral | | ATR (14) | 0.36 | High Volatility | | ROC (12) | -5.84 | Sell | | Stoch RSI (14) | 0 | Buy | | UO (7,14,28) | 46.54 | Neutral | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 5 Sep - Newspaper publication regarding notice of AGM, Evoting & Book closure. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Newspaper publication regarding notice of AGM, Evoting & Book closure.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9dfc0dcb-e1e1-4d0e-b125-6a818971c895.pdf) | | 2 Sep - Annual Report 2025-26 and 39th AGM notice shared; AGM scheduled for 29 September 2026. | [Intimation Of Letter To Shareholders Under Reg.36(1)(B) Of SEBI (LODR) Regulations, 2015. 2 Sep - Annual Report 2025-26 and 39th AGM notice shared; AGM scheduled for 29 September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff6657e5-5644-4ef4-acea-43dfdc21a092.pdf) | | 2 Sep - 39th AGM on 29 Sep 2026; annual report issued, with director reappointments and cost auditor ratification. | [Reg. 34 (1) Annual Report. 2 Sep - 39th AGM on 29 Sep 2026; annual report issued, with director reappointments and cost auditor ratification.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=48bee567-81df-463d-9755-c9f0cdd0de66.pdf) | | 14 Aug - Newspaper cutting of extract of unaudited financial results for the quarter ended 30.06.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper cutting of extract of unaudited financial results for the quarter ended 30.06.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14fa360c-7e38-43a1-8ec5-708a24377106.pdf) | | 13 Aug - Board approved Q1 FY2026-27 results, AGM on 29 September 2026, and reappointed two directors. | [Board Meeting Outcome for Outcome Of Board Meeting Held On 13.08.2026. 13 Aug - Board approved Q1 FY2026-27 results, AGM on 29 September 2026, and reappointed two directors.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=345a7683-de78-4e32-b55b-68409f0a43f0.pdf) | | 1 Aug - Board meeting on August 13, 2026 to consider Q1 FY2027 unaudited results. | [Board Meeting Intimation for 13/08/2026 To Consider And Approve Unaudited Financial Results For The Quarter Ended 30.06.2026. 1 Aug - Board meeting on August 13, 2026 to consider Q1 FY2027 unaudited results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=77d29947-8c9e-4eaa-8c70-4a6bc0737531.pdf) | | — | [Intimation Of Book Closure And Date Of Annual General Meeting E-Voting Facilities And Fixation Of CUT-OFF DATE. 24 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=402ae7e8-5483-4e91-b051-bd7ae3183014.pdf) | | — | [Unaudited Financial Results For The Quarter Ended 30.06.2026. 13 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89b3d25a-2120-497e-bf9b-fa80afde59ad.pdf) | ### Annual Reports | Date | Document | | --- | --- | | from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/62704201-a568-45ff-8cdd-2f8f8bd6353c.pdf) | | from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d39f0ddc-7749-493e-97dd-9406af5181ef.pdf) | | from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2391045e-eda9-4c1d-84e7-3518a34838ba.pdf) | | from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/75341514165.pdf) | | from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/69994514165.pdf) | | from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/67733514165.pdf) | | from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/5141650319.pdf) | | from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/5141650318.pdf) | | from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/5141650317.pdf) | | from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/514165/5141650316.pdf) | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:46:15.631Z.