Garware Synthetics Ltd

Garware Synth Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garware Synthetics Ltd

₹ 22.0 -4.35%
08 May - close price
garwaresyn.com BSE: 514400
About

Incorporated in 1958, Garware Synthetic Ltd manufactures a wide range of bristles made
from Nylon.[1]

Key Points

Business Overview:[1]
GSL manufactures wide range of bristles made from Nylon 6, 66, 610, PBT, Polypropylene, which finds extensive application in various Brush Industries. Recently, it has developed nylon sutures, which were currently imported into the country. These sutures are used mainly
for medical purpose.

Website BSE
  • Market Cap ₹ 12.8 Cr.
  • Current Price ₹ 22.0
  • High / Low ₹ 30.4 / 11.8
  • Stock P/E 27.2
  • Book Value ₹ -2.98
  • Dividend Yield 0.00 %
  • ROCE -3.05 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • The company has delivered a poor sales growth of 3.33% over past five years.
  • Earnings include an other income of Rs.0.29 Cr.

* 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

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
2.74 2.75 2.89 2.47 2.72 2.61 2.67 2.77 2.55 2.75 2.60 2.84 2.49
2.58 2.69 2.65 2.39 2.54 2.74 2.63 2.70 2.49 2.86 2.35 2.53 2.15
Operating Profit 0.16 0.06 0.24 0.08 0.18 -0.13 0.04 0.07 0.06 -0.11 0.25 0.31 0.34
OPM % 5.84% 2.18% 8.30% 3.24% 6.62% -4.98% 1.50% 2.53% 2.35% -4.00% 9.62% 10.92% 13.65%
0.02 0.54 0.00 0.01 0.00 0.28 0.19 0.07 0.01 0.29 0.00 0.00 0.00
Interest 0.10 0.06 0.09 0.17 0.05 0.05 0.05 0.05 0.06 -0.04 0.02 0.02 0.02
Depreciation 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11
Profit before tax -0.03 0.43 0.04 -0.19 0.02 -0.01 0.07 -0.02 -0.10 0.11 0.12 0.18 0.21
Tax % 0.00% -46.51% 175.00% 5.26% -100.00% -1,600.00% 0.00% -250.00% 0.00% 90.91% 0.00% 33.33% -4.76%
-0.03 0.63 -0.03 -0.20 0.03 0.14 0.07 0.03 -0.10 0.01 0.12 0.12 0.22
EPS in Rs -0.05 1.08 -0.05 -0.34 0.05 0.24 0.12 0.05 -0.17 0.02 0.21 0.21 0.38
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
7.43 8.10 7.90 8.54 9.60 10.64 9.11 8.27 12.70 11.40 10.70 10.73 10.68
7.86 8.22 7.81 8.11 9.10 10.61 8.81 7.21 11.73 10.55 10.32 10.68 9.89
Operating Profit -0.43 -0.12 0.09 0.43 0.50 0.03 0.30 1.06 0.97 0.85 0.38 0.05 0.79
OPM % -5.79% -1.48% 1.14% 5.04% 5.21% 0.28% 3.29% 12.82% 7.64% 7.46% 3.55% 0.47% 7.40%
0.51 0.79 0.29 0.28 0.00 -1.18 0.00 0.00 0.44 0.30 0.29 0.57 0.29
Interest 0.00 0.16 0.14 0.16 0.09 0.20 0.09 0.43 0.59 0.33 0.37 0.11 0.02
Depreciation 0.05 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.26 0.47 0.44 0.44 0.44
Profit before tax 0.03 0.49 0.22 0.53 0.39 -1.38 0.18 0.61 0.56 0.35 -0.14 0.07 0.62
Tax % -200.00% -24.49% 27.27% 11.32% 10.26% 0.00% 38.89% 4.92% 58.93% -62.86% -71.43% 71.43%
0.09 0.61 0.17 0.47 0.34 -1.37 0.11 0.58 0.23 0.58 -0.05 0.01 0.47
EPS in Rs 1.05 0.29 0.81 0.59 -2.36 0.19 1.00 0.40 1.00 -0.09 0.02 0.82
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: 3%
5 Years: 3%
3 Years: -5%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 221%
Stock Price CAGR
10 Years: 8%
5 Years: 16%
3 Years: 27%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5.55 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81 5.81
Reserves -9.94 -8.26 -8.09 -7.63 -7.28 -8.66 -8.55 -7.96 -8.37 -7.78 -7.89 -7.78 -7.54
5.97 4.58 4.52 4.42 10.16 12.43 12.91 12.42 11.99 5.96 5.39 5.22 5.40
11.20 10.48 10.46 10.37 4.89 4.05 3.17 3.44 7.49 11.33 11.21 11.02 10.52
Total Liabilities 12.78 12.61 12.70 12.97 13.58 13.63 13.34 13.71 16.92 15.32 14.52 14.27 14.19
10.73 10.43 10.43 10.42 10.50 10.47 10.45 10.44 13.53 12.28 11.84 11.43 11.25
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 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 0.00
2.05 2.18 2.27 2.55 3.08 3.16 2.89 3.27 3.39 3.04 2.68 2.84 2.94
Total Assets 12.78 12.61 12.70 12.97 13.58 13.63 13.34 13.71 16.92 15.32 14.52 14.27 14.19

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.14 -0.04 0.14 0.26 0.25 -1.79 -0.52 0.41 1.33 0.57 0.39 0.04
-0.03 0.05 -0.04 0.07 -0.06 0.00 0.00 -0.01 -0.64 0.00 0.00 -0.03
-0.09 0.01 -0.20 -0.26 -0.05 1.81 0.43 -0.52 -0.60 -0.46 -0.40 -0.13
Net Cash Flow 0.02 0.01 -0.10 0.08 0.13 0.02 -0.09 -0.12 0.09 0.11 -0.02 -0.12
Free Cash Flow 0.06 -0.05 0.12 0.26 0.15 -1.79 -0.52 0.40 0.69 0.57 0.39 0.01
CFO/OP -33% 33% 244% 74% 56% -5,967% -153% 44% 137% 59% 137% 160%

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 39.30 36.05 43.43 38.04 49.43 40.48 44.07 64.88 48.28 47.07 43.32 48.98
Inventory Days 59.95 61.08 71.96 96.49 83.69 68.89 82.49 101.66 52.43 49.52 56.10 52.84
Days Payable 232.20 207.83 234.95 238.30 137.14 121.47 142.42 166.53 115.56 115.18 145.10 175.52
Cash Conversion Cycle -132.96 -110.70 -119.56 -103.77 -4.02 -12.10 -15.85 0.01 -14.84 -18.59 -45.67 -73.69
Working Capital Days -222.05 -172.14 -170.03 -142.32 -69.58 -42.88 -26.04 -575.97 -376.78 -219.00 -227.19 -420.79
ROCE % -27.22% 41.51% 6.41% 26.86% 8.50% 3.61% 2.73% 10.18% 10.56% 6.86% -1.37% -3.05%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Electricity Consumption
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Estimated Actual Production
MT
Installed Production Capacity
MT per year
Total Number of Employees
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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%
54.22% 54.23% 54.21% 54.23% 54.21% 54.21% 54.21% 54.22% 54.22% 54.22% 54.23% 54.22%
No. of Shareholders 13,57613,48713,42513,38413,37713,45713,47913,43413,40913,37313,35813,329

* 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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