Garware Synthetics Ltd

₹ 18.5 -2.73%

05 Oct - close price

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 ₹ 10.8 Cr.
Current Price ₹ 18.5
High / Low ₹ 29.4 / 11.8
Stock P/E 59.7
Book Value ₹ -2.63
Dividend Yield 0.00 %
ROCE 15.0 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

The company has delivered a poor sales growth of 4.57% 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

Services Services Commercial Services & Supplies Trading & Distributors

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2.89	2.47	2.72	2.61	2.67	2.77	2.55	2.75	2.60	2.84	2.49	2.41	1.68
	2.65	2.39	2.54	2.74	2.63	2.70	2.49	2.86	2.35	2.53	2.15	2.38	1.53
Operating Profit	0.24	0.08	0.18	-0.13	0.04	0.07	0.06	-0.11	0.25	0.31	0.34	0.03	0.15
OPM %	8.30%	3.24%	6.62%	-4.98%	1.50%	2.53%	2.35%	-4.00%	9.62%	10.92%	13.65%	1.24%	8.93%
	0.00	0.01	0.00	0.28	0.19	0.07	0.01	0.29	0.00	0.00	0.00	0.01	0.00
Interest	0.09	0.17	0.05	0.05	0.05	0.05	0.06	-0.04	0.02	0.02	0.02	0.03	0.06
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	0.15
Profit before tax	0.04	-0.19	0.02	-0.01	0.07	-0.02	-0.10	0.11	0.12	0.18	0.21	-0.10	-0.06
Tax %	175.00%	5.26%	-100.00%	-1,600.00%	0.00%	-250.00%	0.00%	90.91%	0.00%	33.33%	-4.76%	-10.00%	0.00%
	-0.03	-0.20	0.03	0.14	0.07	0.03	-0.10	0.01	0.12	0.12	0.22	-0.09	-0.07
EPS in Rs	-0.05	-0.34	0.05	0.24	0.12	0.05	-0.17	0.02	0.21	0.21	0.38	-0.15	-0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	8.10	7.90	8.54	9.60	10.64	9.11	8.27	12.70	11.40	10.70	10.73	10.34	9.42
	8.22	7.81	8.11	9.10	10.61	8.81	7.21	11.73	10.55	10.32	10.68	9.38	8.59
Operating Profit	-0.12	0.09	0.43	0.50	0.03	0.30	1.06	0.97	0.85	0.38	0.05	0.96	0.83
OPM %	-1.48%	1.14%	5.04%	5.21%	0.28%	3.29%	12.82%	7.64%	7.46%	3.55%	0.47%	9.28%	8.81%
	0.79	0.29	0.28	0.00	-1.18	0.00	0.00	0.44	0.30	0.29	0.57	-0.01	0.01
Interest	0.16	0.14	0.16	0.09	0.20	0.09	0.43	0.59	0.33	0.37	0.11	0.09	0.13
Depreciation	0.02	0.02	0.02	0.02	0.03	0.03	0.02	0.26	0.47	0.44	0.44	0.44	0.48
Profit before tax	0.49	0.22	0.53	0.39	-1.38	0.18	0.61	0.56	0.35	-0.14	0.07	0.42	0.23
Tax %	-24.49%	27.27%	11.32%	10.26%	0.00%	38.89%	4.92%	58.93%	-62.86%	-71.43%	71.43%	11.90%
	0.61	0.17	0.47	0.34	-1.37	0.11	0.58	0.23	0.58	-0.05	0.01	0.36	0.18
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	0.62	0.32
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:	5%
3 Years:	-3%
TTM:	-12%

Compounded Profit Growth
10 Years:	29%
5 Years:	-8%
3 Years:	-2%
TTM:	1900%

Stock Price CAGR
10 Years:	11%
5 Years:	5%
3 Years:	16%
1 Year:	-39%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	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	-8.26	-8.09	-7.63	-7.28	-8.66	-8.55	-7.96	-8.37	-7.78	-7.89	-7.78	-7.34
	4.58	4.52	4.42	10.16	12.43	12.91	12.42	11.99	5.96	5.39	5.22	5.47
	10.48	10.46	10.37	4.89	4.05	3.17	3.44	7.49	11.33	11.21	11.02	9.95
Total Liabilities	12.61	12.70	12.97	13.58	13.63	13.34	13.71	16.92	15.32	14.52	14.27	13.89
	10.43	10.43	10.42	10.50	10.47	10.45	10.44	13.53	12.28	11.84	11.43	11.20
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
	2.18	2.27	2.55	3.08	3.16	2.89	3.27	3.39	3.04	2.68	2.84	2.69
Total Assets	12.61	12.70	12.97	13.58	13.63	13.34	13.71	16.92	15.32	14.52	14.27	13.89

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.04	0.14	0.26	0.25	-1.79	-0.52	0.41	1.33	0.57	0.39	0.04	-0.12
	0.05	-0.04	0.07	-0.06	0.00	0.00	-0.01	-0.64	0.00	0.00	-0.03	-0.23
	0.01	-0.20	-0.26	-0.05	1.81	0.43	-0.52	-0.60	-0.46	-0.40	-0.13	0.27
Net Cash Flow	0.01	-0.10	0.08	0.13	0.02	-0.09	-0.12	0.09	0.11	-0.02	-0.12	-0.07
Free Cash Flow	-0.05	0.12	0.26	0.15	-1.79	-0.52	0.40	0.69	0.57	0.39	0.01	-0.36
CFO/OP	33%	244%	74%	56%	-5,967%	-153%	44%	137%	59%	137%	160%	-11%

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	36.05	43.43	38.04	49.43	40.48	44.07	64.88	48.28	47.07	43.32	48.98	43.77
Inventory Days	61.08	71.96	96.49	83.69	68.89	82.49	101.66	52.43	49.52	56.10	52.84	62.10
Days Payable	207.83	234.95	238.30	137.14	121.47	142.42	166.53	115.56	115.18	145.10	175.52	174.93
Cash Conversion Cycle	-110.70	-119.56	-103.77	-4.02	-12.10	-15.85	0.01	-14.84	-18.59	-45.67	-73.69	-69.06
Working Capital Days	-172.14	-170.03	-142.32	-69.58	-42.88	-26.04	-575.97	-376.78	-219.00	-227.19	-420.79	-428.54
ROCE %	41.51%	6.41%	26.86%	8.50%	3.61%	2.73%	10.18%	10.56%	6.86%	-1.37%	-3.05%	15.02%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Consumption per Ton of Production
KWH per ton

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x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
xx	xx	xx	xx	xx	xx	xx	xx	xx	xx

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Electricity Consumption
Lakhs KWH

Installed Production Capacity
MT per year

Number of Employees
employees

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%
	54.23%	54.21%	54.23%	54.21%	54.21%	54.21%	54.22%	54.22%	54.22%	54.23%	54.22%	54.21%
No. of Shareholders	13,487	13,425	13,384	13,377	13,457	13,479	13,434	13,409	13,373	13,358	13,329	13,286

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	45.78%	43.64%	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%
	54.21%	56.36%	54.21%	54.21%	54.21%	54.21%	54.22%	54.23%	54.22%	54.22%	54.21%
No. of Shareholders	14,013	13,790	13,706	13,598	13,522	13,727	13,624	13,384	13,434	13,329	13,286

* 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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Garware Synthetics Ltd

Garware Synthetics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports