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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (Latest quarter (gross sales annualised))
Investment Thesis
Ranjan Polyster Ltd is a small synthetic fabric processor based in Bhilwara, Rajasthan, incorporated in 1990. It operates in a strategically located textile hub but remains a micro-cap unlisted entity with a ₹29 share price and limited public financial information, offering exposure to India's MMF textile sector with high associated risks.
Pros
Cons
Business Segments
Fabric Processing (Job Work)
Processing of fabrics on job basis received from fabric manufacturers; for export and domestic market; man-made fiber/synthetic fabric; Bhilwara, Rajasthan — India's synthetic fabric hub.
Revenue Model
Revenue is generated through the processing of synthetic fabrics (likely job-work processing and/or manufacturing) and sale of man-made fibre products to textile manufacturers and exporters in and around the Bhilwara textile belt.
Detailed Analysis
Growth Plans
Government PLI scheme for textiles incentivizing MMF production and processing
China+1 sourcing strategy by global brands potentially benefiting Indian synthetic textile processors
Industry Tailwinds
Government PLI scheme for textiles incentivizing MMF production and processing
China+1 sourcing strategy by global brands potentially benefiting Indian synthetic textile processors
Recent Developments
India's synthetic textile exports from Bhilwara cluster have been recovering post-COVID, with polyester fabric demand growing from key markets including Bangladesh, the Middle East, and Europe.
2024Comparable Companies
BANSWARASYN · ~400 Cr
PE: ~10xx
SANGAMIND · ~500 Cr
Frequently Asked Questions
About Ranjan Polysters
Ranjan Polyster Ltd. is a Bhilwara-based synthetic fabric processing company incorporated on 27 August 1990 in Rajasthan. The company is a key player in the synthetic textile processing ecosystem of Bhilwara, which is known as the 'Manchester of Rajasthan' and one of India's largest synthetic fabric manufacturing hubs. Ranjan Polysters primarily processes synthetic fabrics on a job basis — meaning it receives fabric from manufacturers and processes it (dyeing, finishing, printing) for domestic sale and export markets. The company's installed capacity is 325 lakh (32.5 million) metres of fabric per annum, making it a significant mid-sized processor in the Bhilwara textile cluster. The registered address is at 11-12th KM Stone, Chittorgarh Road, Guwardi, Bhilwara, Rajasthan — on the industrial corridor outside Bhilwara city. The company manufactures man-made fibres and processes synthetic fabrics for both export and domestic markets. Bhilwara's synthetic fabric industry exports to over 40 countries, with Ranjan Polysters participating in this ecosystem. The directors include Manoj Jain, Chitra Naraniwal, Saket Parikh, Mahesh Kumar Bhimsariya, Mohit Kumar Bhimsaria, and others — reflecting the multi-stakeholder structure common in Rajasthan's textile industry. India's synthetic textile sector is the world's third-largest, with Bhilwara's RIICO industrial area housing hundreds of weaving and processing units. The polyester fabric market is growing driven by demand from sportswear, home furnishings, and export garments. Ranjan Polysters' job-processing model reduces raw material risk while maintaining exposure to fabric volume demand cycles.
Key Milestones
Incorporated August 27, 1990 in Rajasthan (CIN: L24302RJ1990PLC005560) — 35+ years old; Bhilwara, Rajasthan
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We source & quote
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You accept the allocation
Quote valid for 3 days
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Industry Headwinds
Crude oil price spikes increasing polyester raw material costs
Intense fragmented competition in Bhilwara's textile processing cluster
Polyester yarn and fibre prices are linked to crude oil derivatives (PTA and MEG); crude price volatility directly impacts input costs
Source: Media Reports / Public Records
The Bhilwara region has hundreds of small and mid-size fabric processors; intense local competition limits margin expansion
Source: Company Financial Filings
Textile sector is cyclical; economic slowdowns reduce demand from downstream apparel exporters and domestic retailers
Source: AlphaHub Research
Polyester yarn and fibre prices are linked to crude oil derivatives (PTA and MEG); crude price volatility directly impacts input costs
The Bhilwara region has hundreds of small and mid-size fabric processors; intense local competition limits margin expansion
Textile sector is cyclical; economic slowdowns reduce demand from downstream apparel exporters and domestic retailers
PE: ~9xx
Fabric processing on job basis for fabric manufacturers; export + domestic market; man-made fibers
Revenue (gross sales) ₹840.93 Cr; total income ₹843.37 Cr; authorized ₹3.5 Cr; paid-up ₹3 Cr
Bhimsaria family (Mahesh Kumar, Mohit Kumar, Shakuntala Devi); delisted public company; website: ranjanpolysters.com
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