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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2026, Indo Rama Synthetics (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Indo Rama Synthetics (India) (NSE:INDORAMA) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Indo Rama Synthetics (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Indo Rama Synthetics (India) Sloan Ratio % Related Terms
Indo Rama Synthetics (India) Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indo Rama Synthetics (India) Sloan Ratio % Competitor Comparison
For the Textile Manufacturing subindustry, Indo Rama Synthetics (India)'s Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indo Rama Synthetics (India) Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Rama Synthetics (India)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Indo Rama Synthetics (India)'s Sloan Ratio % falls into.
Indo Rama Synthetics (India) Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Indo Rama Synthetics (India)'s Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 245.5 (Sep. 2025 ) + 87.8 (Dec. 2025 ) + 641.3 (Mar. 2026 ) + 637.4 (Jun. 2026 ) = ₹1,612 Mil.
Indo Rama Synthetics (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 Mil.
Indo Rama Synthetics (India)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indo Rama Synthetics (India) (NSE:INDORAMA) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indo Rama Synthetics (India) and its competitors.
Is Indo Rama Synthetics (India)'s Sloan Ratio % too high?
Indo Rama Synthetics (India)'s current Sloan Ratio % is 0.00%. Overall, Indo Rama Synthetics (India) has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indo Rama Synthetics (India)'s Sloan Ratio % compare to competitors?
Indo Rama Synthetics (India)'s Sloan Ratio % of 0.00% can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indo Rama Synthetics (India) and its competitors. Indo Rama Synthetics (India)'s current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Rama Synthetics (India) stock overvalued right now?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) (NSE:INDORAMA) is currently considered Fairly Valued. The stock's GF Value™ is ₹52.96, compared to a current price of ₹56.41 — trading 6.5% above its estimated fair value. The current Sloan Ratio % is 0.00%. Indo Rama Synthetics (India)'s overall GF Score™ is 66/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Indo Rama Synthetics (India) (NSE:INDORAMA), the current Sloan Ratio % is 0.00% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indo Rama Synthetics (India) (NSE:INDORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) stock appears to be overvalued.
The current stock price of ₹56.41 is trading 6.5% above its estimated GF Value™ of ₹52.96.
GuruFocus considers Indo Rama Synthetics (India) to be Fairly Valued.
Key valuation signals for NSE:INDORAMA:
Sloan Ratio %: 0.00%
GF Value™: ₹52.96 vs. price of ₹56.41 (6.5% above fair value)
No single metric tells the full story. See the NSE:INDORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Rama Synthetics (India) Ltd is a polyester manufacturer. The company offers products such as Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Draw Texturised Yarn (DTY), Fully Drawn Yarn (FDY), Polyester Chips, and Others. Its only operating segment is the manufacturing and trading of Polyester goods. Geographically, it derives a majority of revenue from India and also has a presence in Turkey, Nepal, and Other overseas countries.
66GF Score
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