Garware Synthetics Ltd.

About

Garware Synthetics Limited engages in the manufacture and sale of nylon monofilaments, bristles, and fishing line and PP bristles in India. The company provides nylon bristles for use in tooth, shaving, and industrial and household brushes; polypropylene bristles; and nylon fishing line products. It also offers nylon rods, bushes, and machinery parts for use in engineering, textile, metal, material handling equipment, automobile, marine, paper/sugar mill, bottling and food processing, railway, and chemical industries. In addition, the company provides nylon tubing products for use in automotive gasoline, high pressure lubricant, refrigeration line, air lines on pneumatic control system, gasoline, fuel line for petrol engine, and beverage line applications. Further, it develops nylon sutures for medical applications. The company offers its products under the Garflon brand name. Garware Synthetics Limited was founded in 1958 and is based in Thane, India.

Key Metrics

as of Sep 2026

Market Cap11 Cr

P/E61.20

Div Yield0.00 %

Book Value₹-2.63

52w High₹30.40

52w Low₹11.80

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

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

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	10.34	10.73	10.70	11.40	12.70	8.27	9.11	10.64	9.60	8.54	7.90	8.10
Expenses	9.41	10.68	10.32	10.55	11.73	7.21	8.81	10.61	9.10	8.11	7.81	8.22
Operating Profit	0.93	0.05	0.38	0.85	0.97	1.06	0.30	0.03	0.50	0.43	0.09	-0.12
OPM %	8.99	0.47	3.55	7.46	7.64	12.82	3.29	0.28	5.21	5.04	1.14	-1.48
Other Income	0.02	0.57	0.29	0.30	0.44	0.00	0.00	-1.18	0.00	0.28	0.29	0.79
Interest	0.09	0.11	0.37	0.33	0.59	0.43	0.09	0.20	0.09	0.16	0.14	0.16
Depreciation	0.44	0.44	0.44	0.47	0.26	0.02	0.03	0.03	0.02	0.02	0.02	0.02
Profit before tax	0.42	0.07	-0.14	0.35	0.56	0.61	0.18	-1.38	0.39	0.53	0.22	0.49
Tax %	11.90	71.43	-71.43	-62.86	58.93	4.92	38.89	0.00	10.26	11.32	27.27	-24.49
Net Profit	0.36	0.01	-0.05	0.58	0.23	0.58	0.11	-1.37	0.34	0.47	0.17	0.61
EPS in Rs	0.62	0.02	-0.09	1.00	0.40	1.00	0.19	-2.36	0.59	0.81	0.29	1.05
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

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
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	-7.34	-7.78	-7.89	-7.78	-8.37	-7.96	-8.55	-8.66	-7.28	-7.63	-8.09	-8.26
Borrowings	5.42	5.22	5.39	5.96	11.99	12.42	12.91	12.43	10.16	4.42	4.52	4.58
Other Liabilities	10.00	11.02	11.21	11.33	7.49	3.44	3.17	4.05	4.89	10.37	10.46	10.48
Total Liabilities	13.89	14.27	14.52	15.32	16.92	13.71	13.34	13.63	13.58	12.97	12.70	12.61
Fixed Assets	11.20	11.43	11.84	12.28	13.53	10.44	10.45	10.47	10.50	10.42	10.43	10.43
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
Other Assets	2.69	2.84	2.68	3.04	3.39	3.27	2.89	3.16	3.08	2.55	2.27	2.18
Total Assets	13.89	14.27	14.52	15.32	16.92	13.71	13.34	13.63	13.58	12.97	12.70	12.61

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-0.12	0.04	0.39	0.57	1.33	0.41	-0.52	-1.79	0.25	0.26	0.14	-0.04
Cash from Investing Activity	-0.23	-0.03	0.00	0.00	-0.64	-0.01	0.00	0.00	-0.06	0.07	-0.04	0.05
Cash from Financing Activity	0.12	-0.13	-0.40	-0.46	-0.60	-0.52	0.43	1.81	-0.05	-0.26	-0.20	0.01
Net Cash Flow	-0.23	-0.12	-0.02	0.11	0.09	-0.12	-0.09	0.02	0.13	0.08	-0.10	0.01
Free Cash Flow	-0.36	0.01	0.39	0.57	0.69	0.40	-0.52	-1.79	0.15	0.26	0.12	-0.05
CFO/OP %	-12.00	160.00	137.00	59.00	137.00	44.00	-153.00	-5,967.00	56.00	74.00	244.00	33.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	43.77	48.98	43.32	47.07	48.28	64.88	44.07	40.48	49.43	38.04	43.43	36.05
Inventory Days	62.10	52.84	56.10	49.52	52.43	101.66	82.49	68.89	83.69	96.49	71.96	61.08
Days Payable	174.93	175.52	145.10	115.18	115.56	166.53	142.42	121.47	137.14	238.30	234.95	207.83
Cash Conversion Cycle	-69.06	-73.69	-45.67	-18.59	-14.84	0.01	-15.85	-12.10	-4.02	-103.77	-119.56	-110.70
Working Capital Days	-428.89	-420.79	-227.19	-219.00	-376.78	-575.97	-26.04	-42.88	-69.58	-142.32	-170.03	-172.14
ROCE %	14.29	-3.05	-1.37	6.86	10.56	10.18	2.73	3.61	8.50	26.86	6.41	41.51

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	45.78	45.78	45.78	45.78	45.78	45.78	45.78	45.78	45.78	45.78	45.78	45.78
DIIs	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	54.21	54.22	54.23	54.22	54.22	54.22	54.21	54.21	54.21	54.23	54.21	54.23
No. of Shareholders	13,286	13,329	13,358	13,373	13,409	13,434	13,479	13,457	13,377	13,384	13,425	13,487

Corporate Actions

1 records

Action	Ex Date	Record Date	Ratio	Amount (₹)	Notes
Other	22 Jul 2022	23 Jul 2022	—	—	E.G.M.

Announcements

5 filings

Announcement under Regulation 30 (LODR)-Newspaper Publication
05 Sep 2026 5 Sep - Submission of Newspaper Clipping published on September 05, 2029.
Notice Of 57Th Annual General Meeting 4 Sep
04 Sep 2026
Reg. 34 (1) Annual Report.
04 Sep 2026 4 Sep - Garware Synthetics filed FY26 annual report; AGM on 30 Sep 2026 includes chairman pay hike to Rs 2.5 lakh/month.
Company Fixes Book Closure For The Purpose Of AGM. 24 Aug
24 Aug 2026
Company Fixes Record Date For The Purpose Of AGM.
24 Aug 2026 24 Aug - 57th AGM on 30 September 2026; book closure 24-30 September, cut-off 23 September.

Shareholding Pattern

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Shareholding Pattern (BSE filings)

Financial Results — Filings

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Financial / Quarterly Results (BSE filings)

Board Filings

Open on BSE

Corporate Announcements & Board Filings (BSE)

Annual Reports

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