Gujarat Raffia Industries Limited (GUJRAFFIA) AI Stock Analysis

3 Followers

Gujarat Raffia Industries Limited

(NSE:GUJRAFFIA)

Select Model

Rating:59Neutral

Price Target:INR 42.00▲(4.24% Upside)

Action:downgraded

Date:11/12/26

The overall score of 59 reflects a company with a strong, low-debt balance sheet and healthy cash generation, offset by significant profitability challenges and bearish market momentum. The most impactful positive is the financial foundation, while the primary risks are the sharp gross margin decline and the stock's weak technical position, trading below all major moving averages with negative momentum.

Positive Factors

Revenue RecoveryThe sharp FY2026 revenue rebound indicates renewed demand for the company’s polypropylene woven packaging products after two weaker years. If maintained, higher volumes can improve operating absorption, strengthen customer reach, and provide a foundation for more consistent earnings over the next several quarters.

Negative Factors

Thin ProfitabilityPersistently thin net profitability leaves limited protection against changes in polypropylene prices, energy costs, labor, or selling prices. Even with stronger revenue, a small margin cushion can cause earnings to fluctuate materially and restrict the cash available for reinvestment and shareholder returns.

Gujarat Raffia Industries Limited (GUJRAFFIA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 273.09M
Dividend Yield: ―
Average Volume (3M): 2,552
Price to Earnings (P/E): 18.7
Beta (1Y): 0.97
Revenue Growth: 178.31%
EPS Growth: 102.43%
Country: India
Employees: 90
Sector: General
Sector Strength: 55
Industry: Manufacturing - Miscellaneous

Gujarat Raffia Industries Limited Business Overview & Revenue Model

Company Description

Gujarat Raffia Industries Ltd. (GRIL) is a manufacturer of PE tarpaulin, plastic sheeting, geomembrane, tents, shelters, pond and canal lining, fumigation covers, and HDPE/PP woven bags and sacks. The company was founded in 1984 and operates manufact...

How the Company Makes Money

The company primarily makes money by manufacturing and selling polypropylene (PP) woven packaging products (e.g., raffia/PP woven sacks/bags and allied packaging materials) to customers who require bulk packaging for storage and transportation. Key r...

Gujarat Raffia Industries Limited Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is excellent (88) with very low debt and steady equity growth, and cash flow is robust (78) with strong conversion. However, the income statement is weak (48) due to significant gross margin compression and thin net margins, despite strong revenue growth. The overall financial health is sound, but profitability concerns weigh on the score.

Income Statement

48Neutral

Balance Sheet

88Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	863.87M	885.60M	300.41M	309.12M	392.41M	379.82M
Gross Profit	66.58M	63.46M	50.78M	20.47M	28.00M	32.06M
EBITDA	27.73M	30.27M	23.31M	24.71M	36.20M	25.93M
Net Income	11.80M	10.47M	5.22M	5.18M	10.27M	11.18M
Balance Sheet
Total Assets	0	277.18M	253.74M	260.42M	357.22M	327.98M
Cash, Cash Equivalents and Short-Term Investments	118.73M	118.73M	78.55M	31.86M	74.32M	9.89M
Total Debt	0	18.61M	25.00M	35.18M	125.45M	82.17M
Total Liabilities	-222.25M	54.92M	41.95M	54.06M	156.05M	137.08M
Stockholders Equity	222.25M	222.25M	211.79M	206.35M	201.17M	190.90M
Cash Flow
Free Cash Flow	26.53M	45.62M	56.53M	49.59M	17.21M	-86.60M
Operating Cash Flow	26.66M	46.54M	73.80M	50.25M	63.43M	-61.71M
Investing Cash Flow	-40.14M	-20.46M	-53.27M	-19.41M	-42.56M	-24.33M
Financing Cash Flow	-4.36M	-7.73M	-9.84M	-94.79M	43.57M	49.41M

Gujarat Raffia Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price40.29

Price Trends

50DMA43.68Negative

100DMA41.98Negative

200DMA41.06Negative

Market Momentum

MACD-1.19Positive

RSI41.28Neutral

STOCH9.46Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GUJRAFFIA, the sentiment is Negative. The current price of 40.29 is below the 20-day moving average (MA) of 46.69, below the 50-day MA of 43.68, and below the 200-day MA of 41.06, indicating a bearish trend. The MACD of -1.19 indicates Positive momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 9.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GUJRAFFIA.

Gujarat Raffia Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GUJRAFFIA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GULPOLY	74Outperform	INR 10.81B	7.23	―	0.87%	9.30%	425.35%
IN:BEPL	73Outperform	INR 27.91B	12.63	―	3.55%	14.71%	33.12%
IN:GUJRAFFIA	59Neutral	INR 224.02M	18.67	―	―	178.31%	102.43%
IN:SPLPETRO	57Neutral	INR 131.98B	24.86	―	1.49%	20.51%	72.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:STYRENIX	54Neutral	INR 33.56B	13.19	―	2.44%	9.70%	25.33%
IN:CHEMPLASTS	49Neutral	INR 37.29B	-6.47	―	―	4.54%	-58.33%

* General Sector Average

Performance Comparison

IN:GUJRAFFIA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GUJRAFFIA	Gujarat Raffia Industries Limited	40.29	-4.78	-10.61%
IN:BEPL	Bhansali Engineering Polymers Ltd.	112.70	20.78	22.61%
IN:CHEMPLASTS	Chemplast Sanmar Limited	236.25	-103.05	-30.37%
IN:GULPOLY	Gulshan Polyols Limited	171.50	24.55	16.71%
IN:SPLPETRO	Supreme Petrochem Limited	703.05	56.08	8.67%
IN:STYRENIX	Styrenix Performance Materials Ltd	1880.85	-212.01	-10.13%

Gujarat Raffia Industries Limited Corporate Events

Gujarat Raffia Sets 40th AGM, Moves to Appoint New Statutory Auditor

Sep 7, 2026

Gujarat Raffia Industries Limited’s board has approved its Board Report, including the Management Discussion and Analysis, for the financial year 2025-26 and scheduled its 40th Annual General Meeting for 29 September 2026 at the company’s registered...

Gujarat Raffia’s Statutory Auditor Resigns, Board to Seek Replacement

Aug 14, 2026

Gujarat Raffia Industries Limited operates in the industrial textiles and packaging segment, producing raffia-based tarpaulins and similar polymer products from its base in Gujarat with a head office in Ahmedabad. The company is publicly listed on ma...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 12, 2026

Gujarat Raffia Industries Limited AI Stock Analysis