Filatex India vs Indo Rama Synthetics India: Share Price, Comparison and Key Differences

Filatex India MCap Rs 3,690 Cr, PE 19.33x, ROE 12.18%, D/E 0.10. Indo Rama Synthetics India MCap Rs 1,542 Cr, PE 9.57x, ROE 28.93%, D/E 2.18.

Updated: 11 Aug 2026 • 1:26 pm

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Filatex India vs Indo Rama Synthetics India: Share Price, Comparison and Key Differences

Filatex India vs Indo Rama Synthetics India is a comparison synthetic fibre investors look up when evaluating two listed Indian manufacturers of polyester yarn and filament. Filatex India, a Noida-based company, manufactures polyester and polypropylene filament yarn and partially oriented yarn (POY) for the Indian textile and fabric industry. Indo Rama Synthetics India, a Nagpur-based company (part of the Indo Rama group), manufactures polyester filament yarn, polyester staple fibre and chips for the Indian textile and industrial applications. Both Filatex India vs Indo Rama Synthetics serve the same polyester yarn manufacturing space for Indian textile demand.

This Filatex India vs Indo Rama Synthetics India article covers reach and market position, key products, latest declared results and stock valuation. The Filatex India vs Indo Rama Synthetics India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Filatex India vs Indo Rama Synthetics India: Reach and Market Position

On the Filatex India side of the Filatex India vs Indo Rama Synthetics India comparison, Filatex India supplies polyester filament yarn to fabric manufacturers and traders across India. Market capitalisation is Rs 3,690 Cr.

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On the Indo Rama Synthetics India side of the Filatex India vs Indo Rama Synthetics India comparison, Indo Rama Synthetics India supplies polyester filament yarn and staple fibre to textile mills and industrial customers. Market capitalisation is Rs 1,542 Cr.

Filatex India vs Indo Rama Synthetics India: Key Products and Business Mix

In the Filatex India vs Indo Rama Synthetics India product comparison, Filatex India offers: Filatex earns from polyester and polypropylene filament yarn and POY manufacturing. EPS is Rs 4.30. PE is 19.33x, ROE 12.18 percent, D/E 0.10.

For Indo Rama Synthetics India in this Filatex India vs Indo Rama Synthetics India breakdown: Indo Rama earns from polyester filament yarn, polyester staple fibre and polyester chips. EPS is Rs 6.17. PE is 9.57x (very cheap!), ROE 28.93 percent (very high!), D/E 2.18 (high debt).

Filatex India vs Indo Rama Synthetics India: Latest Results

The Filatex India vs Indo Rama Synthetics India results for Filatex India: Filatex India has a market cap of Rs 3,690 Cr and PE of 19.33x. ROE is 12.18 percent with low debt (D/E 0.10). Filatex is 2.4 times larger than Indo Rama.

The Filatex India vs Indo Rama Synthetics India results for Indo Rama Synthetics India: Indo Rama Synthetics has a market cap of Rs 1,542 Cr and PE of 9.57x. ROE is an unusual 28.93 percent. D/E is 2.18 – significantly leveraged. Indo Rama's very high ROE with high debt suggests an equity base compressed by accumulated debt.

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Filatex India vs Indo Rama Synthetics India: Stock and Valuation

The Filatex India vs Indo Rama Synthetics India stock comparison uses the latest available market data from Groww. Investors tracking Filatex India vs Indo Rama Synthetics India should verify current prices on NSE or BSE before trading.

Filatex India vs Indo Rama Synthetics at current valuations: Filatex trades at Rs 3,690 Cr market cap, PE 19.33x, ROE 12.18 percent, D/E 0.10. Indo Rama trades at Rs 1,542 Cr market cap, PE 9.57x (very cheap), ROE 28.93 percent, D/E 2.18 (high debt). Indo Rama is dramatically cheaper on PE with a very high ROE from its leveraged balance sheet. The high D/E is a key risk to note.

Filatex India vs Indo Rama Synthetics India: Quick Comparison Table

The Filatex India vs Indo Rama Synthetics India comparison table below summarises the key metrics covered in this article side by side.

Parameter	Filatex India	Indo Rama Synthetics India
Sector	Polyester + polypropylene filament yarn + POY (Noida, UP)	Polyester filament yarn + staple fibre + chips (Nagpur, MH)
Market Cap	Rs 3,690 Cr	Rs 1,542 Cr
P/E Ratio	19.33x	9.57x (very cheap)
ROE	12.18%	28.93% (high debt effect)
Debt to Equity	0.10	2.18 (high)
Products	POY + filament yarn + polypropylene	PFY + PSF + chips
Dividend	0.36%	None

Conclusion

The Filatex India vs Indo Rama Synthetics India comparison above covers the key data points on reach, products, results and valuation. Filatex India vs Indo Rama Synthetics India covers two Indian polyester yarn manufacturers with different financial profiles. Filatex has a clean, low-debt balance sheet with moderate ROE. Indo Rama has a cheap PE and high statistical ROE but significant debt (D/E 2.18) from its manufacturing capacity. Filatex vs Indo Rama investors should review polyester yarn spreads, capacity utilisation and Indo Rama's debt service coverage. Both Filatex vs Indo Rama are commodity-influenced by crude oil prices and polyester market dynamics. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does Filatex India make?

Ans. Filatex India manufactures polyester partially oriented yarn (POY), draw textured yarn (DTY), fully drawn yarn (FDY) and polypropylene filament yarn for the Indian textile and fabric manufacturing industry.

What does Indo Rama Synthetics make?

Ans. Indo Rama Synthetics India makes polyester filament yarn (PFY), polyester staple fibre (PSF) and polyester chips – raw materials for polyester fabric and industrial applications like geotextiles and non-woven fabric.

Why is Indo Rama PE so cheap?

Ans. Indo Rama's PE of 9.57x reflects its high D/E (2.18) and the associated higher financial risk from significant debt. Commodity textile companies with high debt typically trade at very low PE multiples.

What are POY and DTY?

Ans. POY (Partially Oriented Yarn) is an intermediate polyester yarn that requires further texturising. DTY (Draw Textured Yarn) is the finished, textured yarn used directly in fabrics. Filatex makes both types.

Are polyester yarn manufacturers affected by crude oil prices?

Ans. Yes. Polyester is derived from PTA (purified terephthalic acid) and MEG (monoethylene glycol), both petrochemicals. Crude oil price changes affect raw material costs and yarn margins for Filatex and Indo Rama.