Garware Synthetics Ltd

Garware Synthetics Ltd

₹ 18.2 2.07%
21 Jun - close price
About

Incorporated in 1958, Garware Synthetic Ltd
is in the business of manufacturing wide range of bristles made from Nylon.

Key Points

Business Overview:[1]
Company manufactures bristles made from Nylon 6, 66, 610, PBT, Polypropylene, which find application in various Brush Industries and are sold under "GARFLON" brand. Company recently developed nylon sutures which are used for medical purpose.

  • Market Cap 10.6 Cr.
  • Current Price 18.2
  • High / Low 21.0 / 10.9
  • Stock P/E
  • Book Value -3.58
  • Dividend Yield 0.00 %
  • ROCE -0.62 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.11% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2.74 2.26 3.37 3.62 3.44 2.92 2.99 2.74 2.75 2.89 2.47 2.72 2.61
2.34 2.15 3.01 3.31 3.26 2.73 2.84 2.58 2.69 2.65 2.39 2.54 2.74
Operating Profit 0.40 0.11 0.36 0.31 0.18 0.19 0.15 0.16 0.06 0.24 0.08 0.18 -0.13
OPM % 14.60% 4.87% 10.68% 8.56% 5.23% 6.51% 5.02% 5.84% 2.18% 8.30% 3.24% 6.62% -4.98%
-0.00 -0.00 -0.00 -0.00 0.44 -0.00 0.03 0.02 0.54 -0.00 0.01 -0.00 0.28
Interest 0.21 0.05 0.11 0.10 0.32 0.09 0.08 0.10 0.06 0.09 0.17 0.05 0.05
Depreciation -0.00 0.01 0.01 0.02 0.23 0.13 0.12 0.11 0.11 0.11 0.11 0.11 0.11
Profit before tax 0.19 0.05 0.24 0.19 0.07 -0.03 -0.02 -0.03 0.43 0.04 -0.19 0.02 -0.01
Tax % 15.79% -0.00% -0.00% -0.00% 471.43% -0.00% 150.00% -0.00% -46.51% 175.00% -5.26% -100.00% 1,600.00%
0.16 0.06 0.24 0.19 -0.25 -0.03 -0.00 -0.03 0.63 -0.03 -0.20 0.03 0.14
EPS in Rs 0.28 0.10 0.41 0.33 -0.43 -0.05 -0.00 -0.05 1.08 -0.05 -0.34 0.05 0.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7.37 7.43 8.10 7.90 8.54 9.60 10.64 9.11 8.27 12.70 11.40 10.70
7.29 7.86 8.22 7.81 8.11 9.10 10.61 8.81 7.21 11.73 10.55 10.32
Operating Profit 0.08 -0.43 -0.12 0.09 0.43 0.50 0.03 0.30 1.06 0.97 0.85 0.38
OPM % 1.09% -5.79% -1.48% 1.14% 5.04% 5.21% 0.28% 3.29% 12.82% 7.64% 7.46% 3.55%
0.39 0.51 0.79 0.29 0.28 -0.00 -1.18 -0.00 -0.00 0.44 0.30 0.29
Interest 0.02 -0.00 0.16 0.14 0.16 0.09 0.20 0.09 0.43 0.59 0.33 0.37
Depreciation 0.05 0.05 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.26 0.47 0.44
Profit before tax 0.40 0.03 0.49 0.22 0.53 0.39 -1.38 0.18 0.61 0.56 0.35 -0.14
Tax % 40.00% -200.00% -24.49% 27.27% 11.32% 10.26% -0.00% 38.89% 4.92% 58.93% -62.86% 71.43%
0.24 0.09 0.61 0.17 0.47 0.34 -1.37 0.11 0.58 0.23 0.58 -0.05
EPS in Rs 1.05 0.29 0.81 0.59 -2.36 0.19 1.00 0.40 1.00 -0.09
Dividend Payout % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: 0%
3 Years: 9%
TTM: -6%
Compounded Profit Growth
10 Years: 1%
5 Years: %
3 Years: %
TTM: -180%
Stock Price CAGR
10 Years: 8%
5 Years: 37%
3 Years: 9%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.55 5.55 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81
Reserves -10.02 -9.94 -8.51 -8.34 -7.63 -7.28 -8.66 -8.55 -7.96 -8.37 -7.78 -7.89
6.05 5.97 4.58 4.52 4.42 10.16 12.43 12.91 12.42 11.99 11.68 5.31
11.18 11.20 10.73 10.71 10.37 4.89 4.05 3.17 3.44 7.49 5.61 11.29
Total Liabilities 12.76 12.78 12.61 12.70 12.97 13.58 13.63 13.34 13.71 16.92 15.32 14.52
10.70 10.73 10.43 10.43 10.42 10.50 10.47 10.45 10.44 13.53 12.28 11.84
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
2.06 2.05 2.18 2.27 2.55 3.08 3.16 2.89 3.27 3.39 3.04 2.68
Total Assets 12.76 12.78 12.61 12.70 12.97 13.58 13.63 13.34 13.71 16.92 15.32 14.52

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1.28 0.14 -0.04 0.14 0.26 0.25 -1.79 -0.52 0.41 1.33 0.57 0.39
0.89 -0.03 0.05 -0.04 0.07 -0.06 -0.00 -0.00 -0.01 -0.64 -0.00 -0.00
-2.15 -0.09 0.01 -0.20 -0.26 -0.05 1.81 0.43 -0.52 -0.60 -0.46 -0.40
Net Cash Flow 0.02 0.02 0.01 -0.10 0.08 0.13 0.02 -0.09 -0.12 0.09 0.11 -0.02

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 39.12 39.30 36.05 43.43 38.04 49.43 40.48 44.07 64.88 48.28 47.07 43.32
Inventory Days 67.62 59.95 61.08 71.96 96.49 83.69 68.89 82.49 101.66 52.43 49.52 56.10
Days Payable 248.49 232.20 207.83 234.95 238.30 137.14 121.47 142.42 166.53 115.56 115.18 145.10
Cash Conversion Cycle -141.75 -132.96 -110.70 -119.56 -103.77 -4.02 -12.10 -15.85 0.01 -14.84 -18.59 -45.67
Working Capital Days -220.88 -222.05 -171.69 -170.03 -142.32 -69.58 -42.88 -26.04 -27.81 -41.67 -35.86 -51.51
ROCE % 1.44% -27.22% 44.51% 7.24% 28.32% 8.50% 3.61% 2.73% 10.18% 10.56% 4.81%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78% 45.78%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
54.21% 54.21% 54.21% 54.21% 54.21% 54.21% 54.22% 54.22% 54.22% 54.23% 54.21% 54.23%
No. of Shareholders 13,50213,56013,69413,72713,66813,65113,63513,62413,57613,48713,42513,384

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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