India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,140 Rajinder Kumar Garg & family ₹2,200 Cr
Market Cap
₹68.47 Cr
INDIANACRY · BSE
Share Price
₹5.07
+0.20% today
Revenue
₹352 Cr
FY 2025-26 · -9.7% YoY
EBITDA
−₹1.32 Cr
Margin -0.4%
Net Profit
−₹24.10 Cr
FY 2025-26 · +21.1% YoY
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹135.32 Cr
Issued & subscribed
Open charges
₹119 Cr
Satisfied ₹644.79 Cr
About Indian Acrylics Limited
Data last updated:
Indian Acrylics Limited is a public limited company based in Sangrur, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 February 1986 and has been in existence for over 40 years.
Its director Rajinder Kumar Garg and family are #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L24301PB1986PLC006715. Its GSTIN is 03AAACI3794C1ZX (Punjab). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 514165.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹135.32 Cr. It is led by directors including Rajinder Kumar Garg (Managing Director) and Alok Goyal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Village Harkishanpura. Sub – Teh. Bhawanigarh Distt Sangrur, Punjab, India – 148026.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹351.68 Cr, a decline of 9.7% compared to the previous year. For the same year it recorded a net loss of ₹24.1 Cr (net margin -6.9%) and EBITDA of -₹1.32 Cr (EBITDA margin -0.4%). Total assets are valued at ₹251.69 Cr (up 11.7% YoY).
The company has about 2,704 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indian Acrylics. As per MCA filings, the company has open charges of ₹119 Cr and satisfied charges of ₹644.79 Cr on record. Court records list 220 cases involving the company, including 120 filed by the company and 100 filed against it; 78 cases are pending. The company has 12 deals on record (10 market trades, 2 funding rounds), with disclosed funding of ₹10 Cr; the latest was in April 2021. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 29 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indianacrylics.com.
Company details
CIN L24301PB1986PLC006715
Registration Number 006715
Incorporation Date 28 February 1986
ROC Chandigarh
Listing Status Listed - Listed on BSE (514165)
Company Status Active
Date of Last AGM 29 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Indian Acrylics has one previous CIN (Corporate Identification Number): L24301PB2005PLC006715. The current CIN is L24301PB1986PLC006715, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24301PB1986PLC006715 | Current |
| L24301PB2005PLC006715 | Previous |
Key People
Rajinder Kumar Garg Managing Director Alok Goyal Whole-Time Director Dheeraj Garg Whole-Time Director Recognitions & Rankings of Indian Acrylics
Contact details
Indian Acrylics Limited's registered office is in Sangrur, Punjab. Its website is indianacrylics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Harkishanpura. Sub – Teh. Bhawanigarh Distt Sangrur, Punjab, India – 148026
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Indian Acrylics Limited, buy the company report.
Comprehensive company report
Indian Acrylics Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included
Brands
Indian Acrylics operates one associated brand: Indian Acrylics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Acrylic fiber, tops, and tows are manufactured and supplied. | indianacrylics.com |
Business activity
The main business activity of Indian Acrylics is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Indian Acrylics Limited, buy the company report.
Financials of Indian Acrylics Limited
FY 2025-26 filings availableIndian Acrylics Limited reported revenue of ₹351.68 Cr (down 9.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹352 Cr
-9.7% YoY
EBITDA
−₹1.32 Cr
+65.0% YoY
Profit After Tax
−₹24.10 Cr
+21.1% YoY
Net Worth
−₹12.37 Cr
-222.7% YoY
Total Assets
₹252 Cr
+11.7% YoY
Total Debt
₹231 Cr
+26.2% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 352 | 389 | 546 | 902 | 618 | 526 | 745 |
| Revenue growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.4% | - |
| EBITDA | (1.32) | (3.77) | (14.69) | 64.73 | (23.08) | 58.55 | 67.25 |
| EBITDA margin | -0.4% | -1.0% | -2.7% | +7.2% | -3.7% | +11.1% | +9.0% |
| Profit before tax | (24.10) | (30.88) | (54.06) | 19.48 | (76.07) | 6.30 | 11.23 |
| Net profit | (24.10) | (30.56) | (54.06) | 19.48 | (76.07) | 6.30 | 10.73 |
| Net profit margin | -6.9% | -7.9% | -9.9% | +2.2% | -12.3% | +1.2% | +1.4% |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.44 | (5.62) | 0.46 | 0.79 |
| Balance sheet | |||||||
| Total assets | 252 | 225 | 238 | 288 | 300 | 374 | 365 |
| Net worth | (12.37) | 10.08 | 40.68 | 92.19 | 72.57 | 148 | 142 |
| Total debt | 231 | 183 | 187 | 184 | 216 | 216 | 214 |
| Cash & bank | 15.21 | 9.41 | 8.70 | 35.85 | 57.67 | 10.91 | 15.43 |
| Net working capital | 52.59 | 14.31 | 7.55 | 42.20 | 39.71 | 92.98 | 62.79 |
| Cash flow | |||||||
| Cash from operations | (29.83) | (9.56) | 8.63 | 53.69 | 87.36 | 11.23 | 101 |
| Cash from investing | 1.67 | 27.33 | 0.36 | (1.11) | (3.72) | (4.77) | (42.53) |
| Cash from financing | 33.96 | (17.07) | (36.13) | (74.40) | (36.87) | (10.98) | (53.79) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 74.00 | 89.30 | 102 | 86.19 | 82.92 | 96.36 | 95.88 |
| Revenue growth (YoY) | +24.1% | -10.8% | -7.3% | +6.6% | -24.5% | - | - | - |
| Other income | 2.35 | 2.15 | 1.48 | 0.25 | 1.86 | 0.36 | 1.21 | 0.72 |
| EBITDA | 1.33 | (6.35) | 3.35 | 1.78 | (0.09) | 0.25 | 1.33 | (3.96) |
| EBITDA margin | +1.2% | -8.6% | +3.8% | +1.7% | -0.1% | +0.3% | +1.4% | -4.1% |
| Depreciation | 2.38 | 2.75 | 2.81 | 2.84 | 2.82 | 3.16 | 3.13 | 3.69 |
| Interest | 2.98 | 4.45 | 4.22 | 4.94 | 3.67 | 3.15 | 4.33 | 4.57 |
| Profit before tax | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.70) | (4.92) | (11.50) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.70) | (4.92) | (11.50) |
| EPS (₹) | (0.12) | (0.84) | (0.16) | (0.42) | (0.35) | (0.42) | (0.36) | (0.85) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 352 | 389 | 546 | 902 | 618 | 526 | 744 |
| Revenue growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.3% | - |
| EBITDA | (1.32) | (3.75) | (14.69) | 64.72 | (23.06) | 58.59 | 67.23 |
| EBITDA margin | -0.4% | -1.0% | -2.7% | +7.2% | -3.7% | +11.1% | +9.0% |
| Profit before tax | (24.10) | (30.86) | (54.06) | 19.20 | (76.06) | 6.27 | 11.21 |
| Net profit | (24.10) | (30.54) | (54.06) | 19.20 | (76.06) | 6.27 | 10.71 |
| Net profit margin | -6.9% | -7.8% | -9.9% | +2.1% | -12.3% | +1.2% | +1.4% |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.42 | (5.62) | 0.46 | 0.79 |
| Balance sheet | |||||||
| Total assets | 252 | 225 | 238 | 288 | 300 | 375 | 365 |
| Net worth | (12.36) | 10.10 | 40.68 | 92.19 | 72.82 | 149 | 142 |
| Total debt | 231 | 183 | 187 | 184 | 216 | 216 | 214 |
| Cash & bank | 15.20 | 9.40 | 8.68 | 35.82 | 57.65 | 10.87 | 15.43 |
| Net working capital | 52.43 | 14.14 | 7.37 | 42.02 | 39.55 | 92.80 | 62.50 |
| Cash flow | |||||||
| Cash from operations | (29.83) | (9.55) | 8.63 | 53.45 | 87.36 | 11.08 | 101 |
| Cash from investing | 1.67 | 27.33 | 0.35 | (0.87) | (3.71) | (4.66) | (42.57) |
| Cash from financing | 33.96 | (17.07) | (36.13) | (74.40) | (36.87) | (10.98) | (53.79) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 74.00 | 89.30 | 102 | 86.19 | 82.92 | 96.36 | 95.88 |
| Revenue growth (YoY) | +24.1% | -10.8% | -7.3% | +6.6% | -24.5% | - | - | - |
| Other income | 2.35 | 2.15 | 1.48 | 0.25 | 1.86 | 0.36 | 1.21 | 0.72 |
| Total expenses | 106 | 80.35 | 85.95 | 100 | 86.28 | 82.66 | 95.03 | 99.84 |
| EBITDA | 1.33 | (6.35) | 3.35 | 1.78 | (0.09) | 0.26 | 1.33 | (3.96) |
| EBITDA margin | +1.2% | -8.6% | +3.8% | +1.7% | -0.1% | +0.3% | +1.4% | -4.1% |
| Depreciation | 2.38 | 2.75 | 2.81 | 2.84 | 2.82 | 3.16 | 3.13 | 3.69 |
| Interest | 2.98 | 4.45 | 4.22 | 4.94 | 3.67 | 3.15 | 4.33 | 4.57 |
| Profit before tax | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.69) | (4.92) | (11.50) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 74.00 | 89.30 | 102 | 86.19 | 82.92 | 96.36 | 95.88 |
| Revenue growth (YoY) | +24.1% | -10.8% | -7.3% | +6.6% | -24.5% | - | - | - |
| Other income | 2.35 | 2.15 | 1.48 | 0.25 | 1.86 | 0.36 | 1.21 | 0.72 |
| EBITDA | 1.33 | (6.35) | 3.35 | 1.78 | (0.09) | 0.25 | 1.33 | (3.96) |
| EBITDA margin | +1.2% | -8.6% | +3.8% | +1.7% | -0.1% | +0.3% | +1.4% | -4.1% |
| Depreciation | 2.38 | 2.75 | 2.81 | 2.84 | 2.82 | 3.16 | 3.13 | 3.69 |
| Interest | 2.98 | 4.45 | 4.22 | 4.94 | 3.67 | 3.15 | 4.33 | 4.57 |
| Profit before tax | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.70) | (4.92) | (11.50) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.70) | (4.92) | (11.50) |
| EPS (₹) | (0.12) | (0.84) | (0.16) | (0.42) | (0.35) | (0.42) | (0.36) | (0.85) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 352 | 389 | 546 | 902 | 618 | 526 | 745 |
| Revenue growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.4% | - |
| Other income | 5.73 | 5.10 | 8.42 | 7.40 | 5.72 | 7.66 | 4.25 |
| Total expenses | 353 | 393 | 561 | 838 | 641 | 468 | 678 |
| Employee cost | 0.00 | 44.83 | 61.12 | 71.67 | 56.72 | 52.73 | 59.38 |
| EBITDA | (1.32) | (3.77) | (14.69) | 64.73 | (23.08) | 58.55 | 67.25 |
| EBITDA margin | -0.4% | -1.0% | -2.7% | +7.2% | -3.7% | +11.1% | +9.0% |
| Depreciation | 11.23 | 13.67 | 15.29 | 15.79 | 24.75 | 25.25 | 22.23 |
| Interest | 17.28 | 18.54 | 32.50 | 36.86 | 33.96 | 34.66 | 38.04 |
| Profit before tax | (24.10) | (30.88) | (54.06) | 19.48 | (76.07) | 6.30 | 11.23 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 |
| Net profit | (24.10) | (30.56) | (54.06) | 19.48 | (76.07) | 6.30 | 10.73 |
| Net profit margin | -6.9% | -7.9% | -9.9% | +2.2% | -12.3% | +1.2% | +1.4% |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.44 | (5.62) | 0.46 | 0.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 135 | 135 | 135 | 135 | 135 | 135 | 135 |
| Reserves & surplus | (148) | (125) | (94.64) | (43.13) | (62.75) | 13.16 | 6.40 |
| Shareholders' funds (net worth) | (12.37) | 10.08 | 40.68 | 92.19 | 72.57 | 148 | 142 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 25.93 | 40.44 | 63.22 | 64.83 | 115 | 136 | 137 |
| Unsecured loans | 205 | 142 | 124 | 119 | 102 | 79.76 | 76.84 |
| Total debt | 231 | 183 | 187 | 184 | 216 | 216 | 214 |
| Total liabilities | 252 | 225 | 238 | 288 | 300 | 374 | 365 |
| Assets | |||||||
| Gross block | 664 | 668 | 702 | 722 | 719 | 717 | 708 |
| Net block | 194 | 207 | 226 | 242 | 254 | 273 | 288 |
| Capital work in progress | 0.83 | 0.83 | 0.92 | 0.90 | 1.69 | 3.11 | 10.84 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 90.18 | 110 | 113 | 208 | 213 | 228 | 231 |
| Sundry debtors | 16.05 | 15.67 | 18.14 | 27.29 | 24.12 | 17.04 | 26.03 |
| Cash & bank balances | 15.21 | 9.41 | 8.70 | 35.85 | 57.67 | 10.91 | 15.43 |
| Loans & advances | 31.52 | 25.81 | 27.14 | 40.48 | 43.87 | 37.77 | 43.97 |
| Total current assets | 153 | 161 | 167 | 312 | 339 | 294 | 316 |
| Total current liabilities | 100 | 147 | 160 | 269 | 299 | 201 | 253 |
| Net working capital | 52.59 | 14.31 | 7.55 | 42.20 | 39.71 | 92.98 | 62.79 |
| Total assets | 252 | 225 | 238 | 288 | 300 | 374 | 365 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 9.41 | 8.70 | 35.85 | 57.67 | 10.91 | 15.43 | 11.11 |
| Net cash from operating activities | (29.83) | (9.56) | 8.63 | 53.69 | 87.36 | 11.23 | 101 |
| Net cash from investing activities | 1.67 | 27.33 | 0.36 | (1.11) | (3.72) | (4.77) | (42.53) |
| Net cash from financing activities | 33.96 | (17.07) | (36.13) | (74.40) | (36.87) | (10.98) | (53.79) |
| Net change in cash | 5.80 | 0.70 | (27.14) | (21.83) | 46.77 | (4.52) | 4.32 |
| Closing cash | 15.21 | 9.41 | 8.70 | 35.85 | 57.67 | 10.91 | 15.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.4% | - |
| EBITDA growth | +65.0% | +74.3% | -122.7% | +380.5% | -139.4% | -12.9% | - |
| PBT growth | +22.0% | +42.9% | - | +9998.0% | - | -43.9% | -7.0% |
| Net income growth | +21.1% | +43.5% | -377.5% | +125.6% | -1307.5% | -41.3% | - |
| Revenue CAGR (3Y) | -27.0% | -14.3% | +1.3% | +6.6% | -5.4% | +0.2% | +16.1% |
| EBITDA CAGR (3Y) | - | -45.3% | - | -1.3% | - | +17.3% | +12.7% |
| Profitability & leverage | |||||||
| Net income margin | -6.9% | -7.9% | -9.9% | +2.2% | -12.3% | +1.2% | +1.4% |
| Return on capital employed | - | 0.0% | 0.0% | +17.0% | 0.0% | +10.5% | +12.8% |
| Return on net worth | - | 0.0% | 0.0% | +16.3% | 0.0% | +3.8% | +6.4% |
| Debt / equity | - | 7.28 | 2.79 | 2.43 | 1.96 | 1.48 | 1.53 |
| Long-term debt / equity | - | 0.92 | 0.61 | 0.75 | 0.83 | 0.72 | 0.59 |
| Interest cover | -137.69 | -106.31 | -108.41 | 75.32 | -71.00 | 104.08 | 84.50 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.57 | 0.77 | 1.25 | 0.86 | 0.74 | 1.13 |
| Inventory turnover | - | 3.48 | 3.40 | 4.28 | 2.80 | 2.29 | 3.44 |
| Debtors turnover | - | 23.03 | 24.04 | 35.10 | 30.03 | 24.43 | 23.57 |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.44 | (5.62) | 0.46 | 0.79 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 0.75 | 3.01 | 6.81 | 5.36 | 10.97 | 10.47 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107 | 74.00 | 89.30 | 102 | 86.19 | 82.92 | 96.36 | 95.88 |
| Revenue growth (YoY) | +24.1% | -10.8% | -7.3% | +6.6% | -24.5% | - | - | - |
| Other income | 2.35 | 2.15 | 1.48 | 0.25 | 1.86 | 0.36 | 1.21 | 0.72 |
| Total expenses | 106 | 80.35 | 85.95 | 100 | 86.28 | 82.66 | 95.03 | 99.84 |
| EBITDA | 1.33 | (6.35) | 3.35 | 1.78 | (0.09) | 0.26 | 1.33 | (3.96) |
| EBITDA margin | +1.2% | -8.6% | +3.8% | +1.7% | -0.1% | +0.3% | +1.4% | -4.1% |
| Depreciation | 2.38 | 2.75 | 2.81 | 2.84 | 2.82 | 3.16 | 3.13 | 3.69 |
| Interest | 2.98 | 4.45 | 4.22 | 4.94 | 3.67 | 3.15 | 4.33 | 4.57 |
| Profit before tax | (1.68) | (11.40) | (2.20) | (5.75) | (4.72) | (5.69) | (4.92) | (11.50) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 352 | 389 | 546 | 902 | 618 | 526 | 744 |
| Revenue growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.3% | - |
| Other income | 5.73 | 5.10 | 8.42 | 7.13 | 5.71 | 7.59 | 4.25 |
| Total expenses | 353 | 393 | 561 | 838 | 641 | 467 | 677 |
| Employee cost | 0.00 | 44.65 | 59.15 | 69.09 | 56.72 | 52.73 | 59.38 |
| EBITDA | (1.32) | (3.75) | (14.69) | 64.72 | (23.06) | 58.59 | 67.23 |
| EBITDA margin | -0.4% | -1.0% | -2.7% | +7.2% | -3.7% | +11.1% | +9.0% |
| Depreciation | 11.23 | 13.67 | 15.29 | 15.79 | 24.75 | 25.25 | 22.23 |
| Interest | 17.28 | 18.54 | 32.50 | 36.86 | 33.96 | 34.66 | 38.04 |
| Profit before tax | (24.10) | (30.86) | (54.06) | 19.20 | (76.06) | 6.27 | 11.21 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 |
| Net profit | (24.10) | (30.54) | (54.06) | 19.20 | (76.06) | 6.27 | 10.71 |
| Net profit margin | -6.9% | -7.8% | -9.9% | +2.1% | -12.3% | +1.2% | +1.4% |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.42 | (5.62) | 0.46 | 0.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 135 | 135 | 135 | 135 | 135 | 135 | 135 |
| Reserves & surplus | (148) | (125) | (94.64) | (43.13) | (62.50) | 13.41 | 6.65 |
| Shareholders' funds (net worth) | (12.36) | 10.10 | 40.68 | 92.19 | 72.82 | 149 | 142 |
| Secured loans | 25.93 | 40.44 | 89.17 | 87.20 | 115 | 136 | 137 |
| Unsecured loans | 205 | 142 | 97.66 | 96.38 | 102 | 79.76 | 76.84 |
| Total debt | 231 | 183 | 187 | 184 | 216 | 216 | 214 |
| Total liabilities | 252 | 225 | 238 | 288 | 300 | 375 | 365 |
| Assets | |||||||
| Gross block | 664 | 668 | 702 | 722 | 719 | 717 | 708 |
| Net block | 194 | 207 | 226 | 242 | 254 | 273 | 288 |
| Capital work in progress | 0.83 | 0.83 | 0.92 | 0.90 | 1.69 | 3.11 | 10.84 |
| Investments | 0.18 | 0.18 | 0.18 | 0.18 | 0.42 | 0.43 | 0.54 |
| Inventories | 90.18 | 110 | 113 | 208 | 213 | 228 | 231 |
| Sundry debtors | 16.05 | 15.67 | 18.14 | 27.29 | 23.98 | 16.90 | 25.86 |
| Cash & bank balances | 15.20 | 9.40 | 8.68 | 35.82 | 57.65 | 10.87 | 15.43 |
| Loans & advances | 31.52 | 25.81 | 27.14 | 40.48 | 43.87 | 37.77 | 43.85 |
| Total current assets | 153 | 161 | 167 | 312 | 339 | 293 | 316 |
| Total current liabilities | 101 | 147 | 160 | 270 | 299 | 201 | 253 |
| Net working capital | 52.43 | 14.14 | 7.37 | 42.02 | 39.55 | 92.80 | 62.50 |
| Total assets | 252 | 225 | 238 | 288 | 300 | 375 | 365 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 9.40 | 8.68 | 35.82 | 57.65 | 10.87 | 15.43 | 11.04 |
| Net cash from operating activities | (29.83) | (9.55) | 8.63 | 53.45 | 87.36 | 11.08 | 101 |
| Net cash from investing activities | 1.67 | 27.33 | 0.35 | (0.87) | (3.71) | (4.66) | (42.57) |
| Net cash from financing activities | 33.96 | (17.07) | (36.13) | (74.40) | (36.87) | (10.98) | (53.79) |
| Net change in cash | 5.80 | 0.72 | (27.14) | (21.83) | 46.78 | (4.56) | 4.39 |
| Closing cash | 15.20 | 9.40 | 8.68 | 35.82 | 57.65 | 10.87 | 15.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -9.7% | -28.7% | -39.5% | +46.0% | +17.5% | -29.3% | - |
| EBITDA growth | +64.8% | +74.5% | -122.7% | +380.7% | -139.4% | -12.9% | - |
| PBT growth | +21.9% | +42.9% | - | +9998.0% | - | -44.1% | -8.9% |
| Net income growth | +21.1% | +43.5% | -381.6% | +125.2% | -1313.1% | -41.5% | - |
| Revenue CAGR (3Y) | -27.0% | -14.3% | +1.3% | +6.6% | -5.5% | +0.2% | +16.0% |
| EBITDA CAGR (3Y) | - | -45.4% | - | -1.3% | - | +17.4% | +12.7% |
| Profitability & leverage | |||||||
| Net income margin | -6.9% | -7.9% | -9.9% | +2.1% | -12.3% | +1.2% | +1.4% |
| Return on capital employed | - | 0.0% | 0.0% | +16.9% | 0.0% | +10.5% | +12.8% |
| Return on net worth | - | 0.0% | 0.0% | +16.1% | 0.0% | +3.8% | +6.4% |
| Debt / equity | - | 7.28 | 2.79 | 2.42 | 1.95 | 1.48 | 1.53 |
| Long-term debt / equity | - | 0.92 | 0.61 | 0.75 | 0.83 | 0.72 | 0.59 |
| Interest cover | -137.69 | -106.43 | -108.41 | 75.33 | -71.03 | 103.96 | 84.53 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.57 | 0.77 | 1.25 | 0.86 | 0.74 | 1.12 |
| Inventory turnover | - | 3.48 | 3.40 | 4.28 | 2.80 | 2.29 | 3.45 |
| Debtors turnover | - | 23.03 | 24.04 | 35.20 | 30.24 | 24.60 | 23.40 |
| EPS (₹) | (1.78) | (2.28) | (3.99) | 1.42 | (5.62) | 0.46 | 0.79 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 0.75 | 3.01 | 6.81 | 5.38 | 10.99 | 10.49 |
To see the full year-wise statements and ratios of Indian Acrylics Limited, buy the company report.
Board of directors of Indian Acrylics Limited
Indian Acrylics has 10 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Goyal | Whole-Time Director | 01 Jan 2018 | 8 Years 10 Months | Current |
| Dheeraj Garg Also directs: Steel Strips Wheels Ltd | Whole-Time Director | 29 Nov 1997 | 28 Years 11 Months | Current |
| Rajinder Kumar Garg | Managing Director | 28 Feb 1986 | 40 Years 8 Months | Current |
| Shivdev Inder Singh | Director | 01 Jul 2017 | 9 Years 4 Months | Current |
| Shashi Bhushan Gupta Also directs: Steel Strips Wheels Ltd, Usha Yarns Limited | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
| Deva Bharathi Reddy | Director | 15 Sep 2020 | 6 Years 1 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Indian Acrylics Limited is audited by AKR & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKR & ASSOCIATES | FY 2025 | 021179N |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 62.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 37.40%.
Mar 2026
QUARTER
62.60% Promoters
0.10% DII (Domestic Institutional)
37.40% Retail & Others
Promoter holding - history
Now 62.60% · Mar 2026High 62.60% · Jun 2025Low 62.60% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 62.60% | 62.60% | 62.60% | 62.60% |
| Public | 37.40% | 37.40% | 37.40% | 37.40% |
Charges & borrowings
Open charges
₹119 Cr
Satisfied charges
₹644.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2023 | 100732030 | Others | ₹20 Cr | Open | |
| 13 Apr 1993 | 90168546 | Others | ₹99 Cr | Open | |
| 20 Mar 2021 | 100435268 | Indian Overseas Bank | ₹2.18 Cr | Satisfied | |
| 12 Mar 2021 | 100423561 | State Bank of India | ₹2.74 Cr | Satisfied | |
| 08 Mar 2021 | 100429186 | Hdfc Bank Limited | ₹7.91 Cr | Satisfied |
To see the full charge records of Indian Acrylics Limited, buy the company report.
Total charge records: 56 View all charges
Deals & funding
Indian Acrylics Limited has 12 deals on record (10 market trades, 2 funding rounds), with disclosed funding of ₹10 Cr; the latest was in April 2021.
Total deals
12
Market trades
10
Funding rounds
2
Disclosed funding
₹10 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Market trade | ₹88.4 Lakh | Seller: an individual |
| Jun 2018 | Market trade | ₹5.64 Cr | Buyer: an individual |
| Oct 2016 | Market trade | ₹2.92 Cr | Buyer: Parth Infin Brokers Private Limited Seller: Parth Infin Brokers Private Limited |
| Dec 2007 | Funding round | ₹6 Cr | Investors: Ifci Limited |
| Sep 2004 | Market trade | ₹2.35 Cr | Buyer: an individual Seller: Icici Bank Limited |
To see the full deal history of Indian Acrylics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indian Acrylics Limited has 220 court cases on record: 120 filed by Indian Acrylics, 100 filed against it. 78 cases are pending and 142 are disposed.
Total cases
220
Filed by the company
120
Filed against the company
100
Pending
78
Disposed
142
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 111 | 33 | 65 |
| High courts | 92 | 55 | 11 |
| Supreme Court | 17 | 12 | 2 |
Cases on record (5 of 220)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by M/S Oswal Worsted Spinners Limited | Pending |
| District court, Chandigarh | Appeal | Filed by the company against M/S Shiwalya Spinning and Weaving Mills Pvt Ltd | Pending |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Rishab Cotspin P Ltd and 2 others | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against M/S Shiwalya Spinning and Weaving Mills Pvt. Ltd. | Pending |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed by the company against M/S Shiwalya Spinning and Weaving Mills Pvt. Ltd. and Ors | Disposed |
To see the full case history of Indian Acrylics Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Indian Acrylics Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 29 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Excel Laminators | |||
| an individual supplier | |||
| an individual supplier | |||
| Super Tex Industries | |||
| an individual supplier |
To see the full MSME payment records of Indian Acrylics Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indian Acrylics Limited has a workforce of 2,704 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
2,704
Active EPFO establishments
1
Employee growth
16.8%
GST
Indian Acrylics has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACI3794C1ZX | Punjab | Active | 01 Jul 2017 |
| 04AAACI3794C2ZU | Chandigarh | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Indian Acrylics Limited, buy the company report.
Recent activity
Indian Acrylics Limited has 80 board changes on record since 1986: 46 appointments and 34 cessations. The latest: Surinder Singh Virdi was appointed as Director on 01 Oct 2024.
AGM
Indian Acrylics Limited last Annual general meeting of members was held on 29 Sep 2026 as per latest MCA records.
Charges
A charge registered on 18 Feb 2020 via Charge ID 100327775 with Others was fully satisfied on 20 Aug 2026.
Charges
A charge with Others of Rs. 36.00 Cr registered on 18 Feb 2020 with Charge ID 100327775 was modified on 08 Jul 2026.
Charges
A charge registered on 02 Mar 2021 via Charge ID 100425544 with Others was fully satisfied on 21 May 2026.
Filing
Indian Acrylics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge with Others of Rs. 7.91 Cr registered on 02 Mar 2021 with Charge ID 100425544 was modified on 23 Mar 2026.
Charges
A charge with Others of Rs. 99.00 Cr registered on 13 Apr 1993 with Charge ID 90168546 was modified on 05 Mar 2026.
Appointed
Surinder Singh Virdi was appointed as Director.
Ceased
Ajit Singh Chatha ceased to be Director.
Ceased
Madan Mohan Chopra ceased to be Director.
Ceased
Sudhanshu Shekhar Jha ceased to be Director.
Appointed
Parampal Sidhu was appointed as Nominee Director.
191 earlier events are in the company report.
News
Frequently asked questions
Indian Acrylics is an active public limited company based in Sangrur, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 February 1986 (40+ years old) and is registered under CIN L24301PB1986PLC006715. Listed on BSE: 514165.
Indian Acrylics reported revenue of ₹351.68 Cr for FY 2025-26 (down 9.7% YoY) based on consolidated financials.
Indian Acrylics has 10 current directors:
- Rajinder Kumar Garg - Managing Director
- Alok Goyal - Whole-Time Director
- Dheeraj Garg - Whole-Time Director
- Shivdev Inder Singh - Director
- Shashi Bhushan Gupta - Director
- Deva Bharathi Reddy - Director
- Sanjay Krishna Ahuja - Nominee Director
- Tejinder Kaur - Director
- Surinder Singh Virdi - Director
- Parampal Sidhu - Nominee Director
The latest financial statements of Indian Acrylics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian Acrylics is 03AAACI3794C1ZX, registered in Punjab. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 04AAACI3794C2ZU (Chandigarh).
The CIN (Corporate Identification Number) of Indian Acrylics is L24301PB1986PLC006715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indian Acrylics is a listed company as per MCA records. Its shares are listed on BSE (code: 514165).
Indian Acrylics has 220 court cases on record: 120 filed by the company and 100 filed against it. 78 are pending. Most are in the district courts.
Indian Acrylics was incorporated on 28 February 1986, making it 40+ years old. It is registered with the Registrar of Companies, Chandigarh.
Indian Acrylics has 12 deals on record (10 market trades, 2 funding rounds), with disclosed funding of ₹10 Cr; the latest was in April 2021.
Surinder Singh Virdi was appointed as Director on 01 Oct 2024. Ajit Singh Chatha ceased to be Director on 30 Sep 2024. Madan Mohan Chopra ceased to be Director on 30 Sep 2024. Indian Acrylics has 80 board changes on record in total.
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