Garware Synthetics Ltd

₹ 34.6 -1.98%

04 Feb - 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.

Website BSE

Market Cap ₹ 20.1 Cr.
Current Price ₹ 34.6
High / Low ₹ 40.0 / 13.4
Stock P/E
Book Value ₹ -3.41
Dividend Yield 0.00 %
ROCE -1.37 %
ROE %
Face Value ₹ 10.0

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Pros

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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	3.37	3.62	3.44	2.92	2.99	2.74	2.75	2.89	2.47	2.72	2.61	2.67	2.77
	3.01	3.31	3.26	2.73	2.84	2.58	2.69	2.65	2.39	2.54	2.74	2.63	2.70
Operating Profit	0.36	0.31	0.18	0.19	0.15	0.16	0.06	0.24	0.08	0.18	-0.13	0.04	0.07
OPM %	10.68%	8.56%	5.23%	6.51%	5.02%	5.84%	2.18%	8.30%	3.24%	6.62%	-4.98%	1.50%	2.53%
	0.00	0.00	0.44	0.00	0.03	0.02	0.54	0.00	0.01	0.00	0.28	0.19	0.07
Interest	0.11	0.10	0.32	0.09	0.08	0.10	0.06	0.09	0.17	0.05	0.05	0.05	0.05
Depreciation	0.01	0.02	0.23	0.13	0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
Profit before tax	0.24	0.19	0.07	-0.03	-0.02	-0.03	0.43	0.04	-0.19	0.02	-0.01	0.07	-0.02
Tax %	0.00%	0.00%	471.43%	0.00%	-150.00%	0.00%	-46.51%	175.00%	5.26%	-100.00%	-1,600.00%	0.00%	-250.00%
	0.24	0.19	-0.25	-0.03	0.00	-0.03	0.63	-0.03	-0.20	0.03	0.14	0.07	0.03
EPS in Rs	0.41	0.33	-0.43	-0.05	0.00	-0.05	1.08	-0.05	-0.34	0.05	0.24	0.12	0.05
Raw PDF

Upcoming result date: 13 February 2025

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	TTM
	7.37	7.43	8.10	7.90	8.54	9.60	10.64	9.11	8.27	12.70	11.40	10.70	10.77
	7.29	7.86	8.22	7.81	8.11	9.10	10.61	8.81	7.21	11.73	10.55	10.32	10.61
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	0.16
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%	1.49%
	0.39	0.51	0.79	0.29	0.28	0.00	-1.18	0.00	0.00	0.44	0.30	0.29	0.54
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	0.20
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	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	0.06
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	0.27
EPS in Rs			1.05	0.29	0.81	0.59	-2.36	0.19	1.00	0.40	1.00	-0.09	0.46
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:	-1%

Compounded Profit Growth
10 Years:	1%
5 Years:	%
3 Years:	%
TTM:	-273%

Stock Price CAGR
10 Years:	-1%
5 Years:	90%
3 Years:	33%
1 Year:	101%

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	Sep 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	5.81
Reserves	-10.02	-9.94	-8.26	-8.09	-7.63	-7.28	-8.66	-8.55	-7.96	-8.37	-7.78	-7.89	-7.79
	6.05	5.97	4.58	4.52	4.42	10.16	12.43	12.91	12.42	11.99	5.96	5.39	10.73
	11.18	11.20	10.48	10.46	10.37	4.89	4.05	3.17	3.44	7.49	11.33	11.21	5.82
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	14.57
	10.70	10.73	10.43	10.43	10.42	10.50	10.47	10.45	10.44	13.53	12.28	11.84	11.62
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
	2.06	2.05	2.18	2.27	2.55	3.08	3.16	2.89	3.27	3.39	3.04	2.68	2.95
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	14.57

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	-48.78
ROCE %	1.44%	-27.22%	41.51%	6.41%	26.86%	8.50%	3.61%	2.73%	10.18%	10.56%	6.86%	-1.37%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 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%	54.22%	54.22%	54.22%	54.23%	54.21%	54.23%	54.21%	54.21%	54.21%
No. of Shareholders	13,727	13,668	13,651	13,635	13,624	13,576	13,487	13,425	13,384	13,377	13,457	13,479

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	45.78%	43.64%	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%
	54.21%	56.36%	54.21%	54.21%	54.21%	54.21%	54.22%	54.23%	54.21%
No. of Shareholders	14,013	13,790	13,706	13,598	13,522	13,727	13,624	13,384	13,479

* 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

Shareholding Pattern

Documents

Announcements

Annual reports