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Garware Synthetics

514400 BSE
₹21.50

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P/E
67.19
View as Markdown
MCP
Close 4 Nov 2026 ₹21.50 −0.89 −3.97% 1Y
Start ₹22.39

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
15.00%
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
₹0.32
Book Value
−₹2.64
Market Cap
—
P/E (TTM)
67.19
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
₹90.00 L
52W High
₹29.40
52W Low
₹11.81

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

41 Weak

Data confidence 93/100

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
26
Poor
Cheap vs sector & own history 24% weight
Growth
35
Poor
Sales & profit trajectory 9% weight
Financial Health
29
Poor
Solvency, leverage, coverage 9% weight
Momentum
71
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

1
  • The company has delivered a poor sales growth of 4.57% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish1513
OscillatorsBullish153
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
61.84
Neutral
MACD (12,26,9)
0.45
Bullish
SMA (50)
19.02
Bullish
SMA (200)
19.62
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+2.73%
5Y+4.57%
3Y−3.20%
1Y−3.63%
TTM−11.72%

Net profit

Net profit growth by window
10Y+7.79%
5Y−9.10%
3Y−14.70%
1YTiny base
TTM+200.00%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.14 pp
5Y−3.54 pp
3Y+1.82 pp
1Y+8.81 pp
TTM+6.28 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹8.54 Cr
Mar 2018₹9.60 Cr
Mar 2019₹10.64 Cr
Mar 2020₹9.11 Cr
Mar 2021₹8.27 Cr
Mar 2022₹12.70 Cr
Mar 2023₹11.40 Cr
Mar 2024₹10.70 Cr
Mar 2025₹10.73 Cr
Mar 2026₹10.34 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.47 Cr
Mar 2018₹0.34 Cr
Mar 2019−₹1.37 Cr
Mar 2020₹0.11 Cr
Mar 2021₹0.58 Cr
Mar 2022₹0.23 Cr
Mar 2023₹0.58 Cr
Mar 2024−₹0.05 Cr
Mar 2025₹0.01 Cr
Mar 2026₹0.36 Cr

Quarterly Results

₹ Cr
514400 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2.89
2.47
2.72
2.61
2.67
2.77
2.55
2.75
2.6
2.84
2.49
2.41
1.68
Expenses
2.65
2.39
2.54
2.74
2.63
2.7
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 %
8.3%
3.24%
6.62%
−4.98%
1.5%
2.53%
2.35%
−4%
9.62%
10.92%
13.65%
1.24%
8.93%
Other Income
0
0.01
0
0.28
0.19
0.07
0.01
0.29
0
0
0
0.01
0
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
PBT
0.04
−0.19
0.02
−0.01
0.07
−0.02
−0.1
0.11
0.12
0.18
0.21
−0.1
−0.06
Tax %
175%
5.26%
−100%
−1600%
0%
−250%
0%
90.91%
0%
33.33%
−4.76%
−10%
0%
Net Profit
−0.03
−0.2
0.03
0.14
0.07
0.03
−0.1
0.01
0.12
0.12
0.22
−0.09
−0.07
EPS (₹)
−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

Profit & Loss

₹ Cr
514400 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
8.1
7.9
8.54
9.6
10.64
9.11
8.27
12.7
11.4
10.7
10.73
10.34
9.42
Expenses
8.22
7.81
8.11
9.1
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
0.5
0.03
0.3
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%
Other Income
0.79
0.29
0.28
0
−1.18
0
0
0.44
0.3
0.29
0.57
−0.01
0.01
Interest
0.16
0.14
0.16
0.09
0.2
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
PBT
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%
38.89%
4.92%
58.93%
−62.86%
−71.43%
71.43%
11.9%
—
Net Profit
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 (₹)
1.05
0.29
0.81
0.59
−2.36
0.19
1
0.4
1
−0.09
0.02
0.62
0.32
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
514400 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
4.58
4.52
4.42
10.16
12.43
12.91
12.42
11.99
5.96
5.39
5.22
5.47
Other Liabilities
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
12.7
12.97
13.58
13.63
13.34
13.71
16.92
15.32
14.52
14.27
13.89
Fixed Assets
10.43
10.43
10.42
10.5
10.47
10.45
10.44
13.53
12.28
11.84
11.43
11.2
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
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
12.7
12.97
13.58
13.63
13.34
13.71
16.92
15.32
14.52
14.27
13.89

Cash Flow

₹ Cr
514400 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.04
0.14
0.26
0.25
−1.79
−0.52
0.41
1.33
0.57
0.39
0.04
−0.12
Investing
0.05
−0.04
0.07
−0.06
0
0
−0.01
−0.64
0
0
−0.03
−0.23
Financing
0.01
−0.2
−0.26
−0.05
1.81
0.43
−0.52
−0.6
−0.46
−0.4
−0.13
0.27
Net Cash Flow
0.01
−0.1
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
0.4
0.69
0.57
0.39
0.01
−0.36
CFO/EBITDA
33
244
74
56
−5,967
−153
44
137
59
137
160
−11

Ratios

514400 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
102
52.43
49.52
56.1
52.84
62.1
Days Payable
208
235
238
137
121
142
167
116
115
145
176
175
Cash Conversion Cycle
−111
−120
−104
−4.02
−12.1
−15.85
0.01
−14.84
−18.59
−45.67
−73.69
−69.06
Working Capital Days
−172
−170
−142
−69.58
−42.88
−26.04
−576
−377
−219
−227
−421
−429
ROCE %
41.51%
6.41%
26.86%
8.5%
3.61%
2.73%
10.18%
10.56%
6.86%
−1.37%
−3.05%
15.02%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Garware Synthetics insights

61 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 45.78%
  • Public 43.00%
  • Others 11.21%
  • DIIs 0.01%

No promoter shares pledged as of 14 Oct 2026

Change since Jun 2026

Documents

Frequently Asked Questions about Garware Synthetics

What does Garware Synthetics Ltd do?
Incorporated in 1958, Garware Synthetic Ltd manufactures a wide range of bristles made from Nylon.
Where is Garware Synthetics Ltd (GARWSYN) listed?
Garware Synthetics Ltd trades under code 514400 on the BSE.
Which sector does Garware Synthetics Ltd belong to?
Garware Synthetics Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the PE ratio of Garware Synthetics Ltd?
Garware Synthetics Ltd trades at a PE ratio of 67.19 as of 4 Nov 2026, on earnings per share of ₹0.32, against a book value of ₹-2.64 per share.
What is the 52-week high and low of Garware Synthetics Ltd?
Over the last 52 weeks Garware Synthetics Ltd has traded between ₹11.81 and ₹29.4 as of 4 Nov 2026.

Company Information

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

Website garwaresyn.com
Face Value ₹10

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