About
Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India. The company offers a range of shirting fabrics, including cotton, linen, lycra, polyester, viscose, and other blends. It also provides its uniform fabrics to corporate and government institutions. In addition, the company designs bridal and formal ethnic wear under the Ivy League brand; and supplies salwar kameez and tunics. It markets its products through a network of agents/dealers, as well as directly to retail chains, the RMG sector, garment exporters, clothing brands, boutique, and corporate houses. The company was formerly known as Rajesh Synthetics Ltd. and changed its name to Swasti Vinayaka Synthetics Limited in September 1999. Swasti Vinayaka Synthetics Limited was incorporated in 1981 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap35 Cr
P/E10.40
Div Yield0.00 %
Book Value₹2.90
52w High₹5.54
52w Low₹3.00
Face Value₹1.00
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 | 7.22 | 6.90 | 9.84 | 7.87 | 7.41 | 10.63 | 9.82 | 8.40 | 9.52 | 6.93 | 10.80 | 7.09 | 5.84 |
| Expenses | 6.28 | 4.52 | 8.36 | 8.71 | 6.93 | 9.18 | 8.97 | 7.51 | 8.54 | 6.02 | 9.87 | 6.28 | 5.26 |
| Operating Profit | 0.94 | 2.38 | 1.48 | -0.84 | 0.48 | 1.45 | 0.85 | 0.89 | 0.98 | 0.91 | 0.93 | 0.81 | 0.58 |
| OPM % | 13.02 | 34.49 | 15.04 | -10.67 | 6.48 | 13.64 | 8.66 | 10.60 | 10.29 | 13.13 | 8.61 | 11.42 | 9.93 |
| Other Income | 0.04 | 0.15 | 0.04 | 1.63 | 0.02 | 0.07 | 0.05 | 0.05 | 0.01 | 0.14 | 0.04 | 0.03 | 0.05 |
| Depreciation | 0.12 | 0.08 | 0.12 | 0.11 | 0.09 | -0.03 | 0.02 | 0.10 | 0.27 | 0.05 | 0.09 | 0.18 | 0.01 |
| Interest | 0.13 | 0.23 | 0.21 | 0.32 | 0.16 | 0.21 | 0.16 | 0.26 | 0.10 | 0.11 | 0.21 | 0.09 | 0.13 |
| Profit before tax | 0.73 | 2.22 | 1.19 | 0.36 | 0.25 | 1.34 | 0.72 | 0.58 | 0.62 | 0.89 | 0.67 | 0.57 | 0.49 |
| Tax % | 24.66 | 44.14 | 0.00 | 0.00 | 0.00 | 61.94 | 0.00 | 0.00 | 0.00 | 73.03 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.55 | 1.25 | 1.19 | 0.36 | 0.25 | 0.51 | 0.72 | 0.58 | 0.61 | 0.24 | 0.67 | 0.57 | 0.48 |
| EPS in Rs | 0.06 | 0.14 | 0.13 | 0.04 | 0.03 | 0.06 | 0.08 | 0.06 | 0.07 | 0.03 | 0.07 | 0.06 | 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 | 32.03 | 38.35 | 30.66 | 26.82 | 20.35 | 14.27 | 20.91 | 19.06 | 19.31 | 16.52 | 16.09 | 16.06 |
| Expenses | 28.53 | 34.18 | 27.44 | 23.65 | 17.61 | 11.49 | 18.37 | 15.40 | 16.21 | 13.68 | 13.75 | 14.29 |
| Operating Profit | 3.50 | 4.17 | 3.22 | 3.17 | 2.74 | 2.78 | 2.54 | 3.66 | 3.10 | 2.84 | 2.34 | 1.77 |
| OPM % | 10.93 | 10.87 | 10.50 | 11.82 | 13.46 | 19.48 | 12.15 | 19.20 | 16.05 | 17.19 | 14.54 | 11.02 |
| Other Income | 1.85 | 0.18 | 0.26 | 0.26 | 0.12 | 0.14 | 0.26 | 0.46 | 0.32 | 0.08 | 0.08 | 0.40 |
| Interest | 0.92 | 0.73 | 0.53 | 0.47 | 0.30 | 0.64 | 0.40 | 0.25 | 0.22 | 0.28 | 0.41 | 0.28 |
| Depreciation | 0.40 | 0.36 | 0.32 | 0.32 | 0.28 | 0.28 | 0.49 | 0.42 | 0.47 | 0.49 | 0.66 | 0.69 |
| Profit before tax | 4.03 | 3.26 | 2.63 | 2.64 | 2.28 | 2.00 | 1.91 | 3.45 | 2.73 | 2.15 | 1.35 | 1.20 |
| Tax % | 24.32 | 25.46 | 24.71 | 24.62 | 23.68 | 23.00 | 25.13 | 26.96 | 24.54 | 43.72 | 34.07 | 37.50 |
| Net Profit | 3.05 | 2.42 | 1.98 | 1.99 | 1.75 | 1.54 | 1.43 | 2.52 | 2.06 | 1.21 | 0.88 | 0.75 |
| EPS in Rs | 0.34 | 0.27 | 0.22 | 0.22 | 0.19 | 0.17 | 0.16 | 0.28 | 0.23 | 0.13 | 0.10 | 0.08 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 30.56 | 33.98 | 52.07 | 63.64 | 65.33 |
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 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 17.12 | 13.99 | 11.60 | 9.61 | 7.61 | 7.87 | 5.95 | 5.79 | 3.52 | 2.35 | 1.95 | 1.79 |
| Borrowings | 4.25 | 5.52 | 2.75 | 2.35 | 0.83 | 2.64 | 6.40 | 3.19 | 1.84 | 1.45 | 0.80 | 2.42 |
| Other Liabilities | 10.74 | 16.20 | 10.95 | 14.36 | 11.86 | 10.08 | 10.01 | 8.92 | 9.54 | 7.32 | 6.39 | 5.49 |
| Total Liabilities | 41.11 | 44.71 | 34.30 | 35.32 | 29.30 | 27.59 | 29.36 | 24.90 | 21.90 | 18.12 | 16.14 | 16.70 |
| Fixed Assets | 8.23 | 4.41 | 4.65 | 4.86 | 4.75 | 4.62 | 4.91 | 4.22 | 4.29 | 4.80 | 4.97 | 5.60 |
| 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 | 0.27 | 0.26 | 1.89 | 0.14 | 0.34 | 0.85 | 1.36 | 1.78 | 0.83 | 0.83 | 0.83 |
| Other Assets | 32.88 | 40.03 | 29.39 | 28.57 | 24.41 | 22.63 | 23.60 | 19.32 | 15.83 | 12.49 | 10.34 | 10.27 |
| Total Assets | 41.11 | 44.71 | 34.30 | 35.32 | 29.30 | 27.59 | 29.36 | 24.90 | 21.90 | 18.12 | 16.14 | 16.70 |
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 | 5.07 | -1.19 | -2.78 | 3.13 | 1.83 | -0.16 | 2.97 | 1.38 | 3.43 | 3.30 | 3.22 | 2.71 |
| Cash from Investing Activity | -2.37 | -0.11 | 1.69 | -2.03 | -0.25 | 1.01 | -0.86 | 0.39 | -0.98 | -0.31 | -0.04 | -2.02 |
| Cash from Financing Activity | -3.41 | 1.67 | 1.47 | -1.12 | -1.58 | -0.85 | -2.10 | -2.09 | -2.33 | -2.77 | -3.17 | -0.72 |
| Net Cash Flow | -0.70 | 0.38 | 0.38 | -0.02 | -0.01 | -0.01 | 0.02 | -0.32 | 0.12 | 0.22 | 0.01 | -0.03 |
| Free Cash Flow | 2.35 | -1.36 | -2.94 | 2.65 | 1.38 | -0.20 | 1.75 | 1.19 | 3.42 | 2.94 | 3.16 | 1.24 |
| CFO/OP % | 145.00 | -29.00 | -86.00 | 99.00 | 67.00 | -6.00 | 117.00 | 38.00 | 111.00 | 116.00 | 138.00 | 153.00 |
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 | 147.91 | 138.96 | 84.88 | 124.39 | 130.57 | 175.72 | 119.40 | 112.99 | 74.85 | 58.33 | 55.58 | 55.45 |
| Inventory Days | 378.31 | 216.50 | 245.94 | 257.91 | 276.72 | 444.35 | 269.00 | 233.92 | 173.93 | 171.52 | 128.08 | 121.10 |
| Days Payable | 38.97 | 33.28 | 26.81 | 45.66 | 31.71 | 27.93 | 39.29 | 27.50 | 45.07 | 18.93 | 4.72 | 17.93 |
| Cash Conversion Cycle | 487.25 | 322.18 | 304.01 | 336.64 | 375.59 | 592.14 | 349.11 | 319.40 | 203.71 | 210.92 | 178.94 | 158.63 |
| Working Capital Days | 265.29 | 236.80 | 247.14 | 182.50 | 237.12 | 295.43 | 149.42 | 149.94 | 94.70 | 94.79 | 81.89 | 62.05 |
| ROCE % | 16.81 | 15.39 | 14.26 | 16.20 | 14.76 | 14.32 | 13.08 | 26.11 | 25.47 | 23.65 | 16.79 | 14.28 |
Corporate Actions
15 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 23 Aug 2021 | 24 Aug 2021 | 2:7 | — | |
| Dividend | 19 Sep 2019 | — | — | 0.10 | |
| Dividend | 19 Sep 2018 | — | — | 0.10 | |
| Dividend | 21 Sep 2017 | — | — | 0.09 | |
| Dividend | 22 Sep 2016 | — | — | 0.08 | |
| Dividend | 16 Sep 2015 | — | — | 0.07 | |
| Dividend | 18 Sep 2014 | — | — | 0.06 | |
| Dividend | 19 Sep 2013 | — | — | 0.05 | |
| Dividend | 13 Sep 2012 | — | — | 0.05 | |
| Dividend | 15 Sep 2011 | — | — | 0.04 | |
| Dividend | 16 Sep 2010 | — | — | 0.05 | |
| Dividend | 18 Jun 2009 | — | — | 0.10 | |
| Dividend | 12 Jun 2008 | — | — | 0.05 | |
| Dividend | 04 Dec 2007 | 05 Dec 2007 | — | 0.05 | |
| Other | 30 Jul 2001 | 14 Aug 2001 | — | — | General |