Garware Synthetics Ltd
Garware Synthetics Ltd (GARWSYN) last reported results for the quarter ended Jun 2026, with sales of ₹1.68 crore and net profit of ₹-0.07 crore. The stock last traded at ₹18.5, a market capitalisation of ₹10.7 crore, on a P/E of 59.7. Over the past 52 weeks the stock has ranged between ₹11.8 and ₹29.4. Figures are as of 9 Oct 2026 and are not real time.
Garware Synthetics Ltd share price and key metrics
- Current price
- ₹18.5
- Market cap
- ₹10.7 cr
- Stock P/E
- 59.7
- Book value
- ₹-2.63
- ROE
- %
- ROCE
- 15.0%
- Dividend yield
- 0.00%
- 52w high / low
- 29.4/11.8
Metrics as of 9 Oct 2026. Not real time.
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Garware Synthetics Ltd growth and returns
- 10 Years
- 3%
- 5 Years
- 5%
- 3 Years
- -3%
- TTM
- -12%
- 10 Years
- 29%
- 5 Years
- -8%
- 3 Years
- -2%
- TTM
- 1900%
- 10 Years
- 11%
- 5 Years
- 7%
- 3 Years
- 15%
- 1 Year
- -36%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- Last Year
- %
Garware Synthetics Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1.68 cr, down 35.4% from ₹2.6 cr a year earlier. Net profit swung to a loss of ₹0.07 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2.77 | 2.55 | 2.75 | 2.6 | 2.84 | 2.49 | 2.41 | 1.68 |
| Expenses | 2.7 | 2.49 | 2.86 | 2.35 | 2.53 | 2.15 | 2.38 | 1.53 |
| Operating profit | 0.07 | 0.06 | -0.11 | 0.25 | 0.31 | 0.34 | 0.03 | 0.15 |
| OPM % | 2.53% | 2.35% | -4.00% | 9.62% | 10.92% | 13.65% | 1.24% | 8.93% |
| Other income | 0.07 | 0.01 | 0.29 | 0 | 0 | 0 | 0.01 | 0 |
| Interest | 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 | 0.15 |
| Profit before tax | -0.02 | -0.1 | 0.11 | 0.12 | 0.18 | 0.21 | -0.1 | -0.06 |
| Tax % | -250.00% | 0.00% | 90.91% | 0.00% | 33.33% | -4.76% | -10.00% | 0.00% |
| Net profit | 0.03 | -0.1 | 0.01 | 0.12 | 0.12 | 0.22 | -0.09 | -0.07 |
| EPS (₹) | 0.05 | -0.17 | 0.02 | 0.21 | 0.21 | 0.38 | -0.15 | -0.12 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Garware Synthetics Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.54 | 9.6 | 10.64 | 9.11 | 8.27 | 12.7 | 11.4 | 10.7 | 10.73 | 10.34 | 9.42 |
| Operating profit | 0.43 | 0.5 | 0.03 | 0.3 | 1.06 | 0.97 | 0.85 | 0.38 | 0.05 | 0.96 | 0.83 |
| OPM % | 5.04% | 5.21% | 0.28% | 3.29% | 12.82% | 7.64% | 7.46% | 3.55% | 0.47% | 9.28% | 8.81% |
| Net profit | 0.47 | 0.34 | -1.37 | 0.11 | 0.58 | 0.23 | 0.58 | -0.05 | 0.01 | 0.36 | 0.18 |
| EPS (₹) | 0.81 | 0.59 | -2.36 | 0.19 | 1.00 | 0.40 | 1.00 | -0.09 | 0.02 | 0.62 | 0.32 |
TTM is the trailing twelve months to the most recent quarter.
Garware Synthetics Ltd balance sheet
| ₹ crore | 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 |
| Reserves | -7.63 | -7.28 | -8.66 | -8.55 | -7.96 | -8.37 | -7.78 | -7.89 | -7.78 | -7.34 |
| Borrowings | 4.42 | 10.16 | 12.43 | 12.91 | 12.42 | 11.99 | 5.96 | 5.39 | 5.22 | 5.47 |
| Other liabilities | 10.37 | 4.89 | 4.05 | 3.17 | 3.44 | 7.49 | 11.33 | 11.21 | 11.02 | 9.95 |
| Total liabilities | 12.97 | 13.58 | 13.63 | 13.34 | 13.71 | 16.92 | 15.32 | 14.52 | 14.27 | 13.89 |
| Fixed assets | 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 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other assets | 2.55 | 3.08 | 3.16 | 2.89 | 3.27 | 3.39 | 3.04 | 2.68 | 2.84 | 2.69 |
| Total assets | 12.97 | 13.58 | 13.63 | 13.34 | 13.71 | 16.92 | 15.32 | 14.52 | 14.27 | 13.89 |
As reported by the company. Total assets equal total liabilities by construction.
Garware Synthetics Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0.26 | 0.25 | -1.79 | -0.52 | 0.41 | 1.33 | 0.57 | 0.39 | 0.04 | -0.12 |
| Cash from investing | 0.07 | -0.06 | 0.00 | 0.00 | -0.01 | -0.64 | 0.00 | 0.00 | -0.03 | -0.23 |
| Cash from financing | -0.26 | -0.05 | 1.81 | 0.43 | -0.52 | -0.60 | -0.46 | -0.40 | -0.13 | 0.27 |
| Net cash flow | 0.08 | 0.13 | 0.02 | -0.09 | -0.12 | 0.09 | 0.11 | -0.02 | -0.12 | -0.07 |
| Free cash flow | 0.26 | 0.15 | -1.79 | -0.52 | 0.40 | 0.69 | 0.57 | 0.39 | 0.01 | -0.36 |
| CFO / operating profit | 74% | 56% | -5,967% | -153% | 44% | 137% | 59% | 137% | 160% | -11% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Garware Synthetics Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 26.86% | 8.50% | 3.61% | 2.73% | 10.18% | 10.56% | 6.86% | -1.37% | -3.05% | 15.02% |
| Debtor days | 38.04 | 49.43 | 40.48 | 44.07 | 64.88 | 48.28 | 47.07 | 43.32 | 48.98 | 43.77 |
| Inventory days | 96.49 | 83.69 | 68.89 | 82.49 | 101.66 | 52.43 | 49.52 | 56.10 | 52.84 | 62.10 |
| Days payable | 238.30 | 137.14 | 121.47 | 142.42 | 166.53 | 115.56 | 115.18 | 145.10 | 175.52 | 174.93 |
| Cash conversion cycle | -103.77 | -4.02 | -12.10 | -15.85 | 0.01 | -14.84 | -18.59 | -45.67 | -73.69 | -69.06 |
| Working capital days | -142.32 | -69.58 | -42.88 | -26.04 | -575.97 | -376.78 | -219.00 | -227.19 | -420.79 | -428.54 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Garware Synthetics Ltd shareholding pattern
Promoters held 45.78% at Jun 2026, broadly unchanged since Jun 2025. DIIs 0.01%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 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% |
| Public | 54.21% | 54.21% | 54.22% | 54.22% | 54.22% | 54.23% | 54.22% | 54.21% |
| No. of shareholders | 13,457 | 13,479 | 13,434 | 13,409 | 13,373 | 13,358 | 13,329 | 13,286 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Garware Synthetics Ltd corporate filings
- Submission of Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Garware Synthetics Limited's Annual General Meeting (AGM) held on 30th September 2026; voting results indicate strong support for re-appointment of directors with over 96% approval, but no significant financial disclosures or strategic updates are included in the scrutinizer's report.AGM/EGMlow impact
Cruxal's analysis: Garware Synthetics Limited conducted its 57th AGM via video conferencing, with voting…
Read the full analysis - Garware Synthetics Limited holds 57th AGM; no new financial disclosures or strategic updates providedAGM/EGMlow impact
Cruxal's analysis: Garware Synthetics Limited conducted its 57th Annual General Meeting on 30th September…
Read the full analysis - Submission of Intimation of Closure of Trading Window for the Quarter ended 30.09.2026.Insider Trading / SASTlow impact
- Garware Synthetics Ltd submits newspaper publication of financial resultsCompany Updatelow impact
Cruxal's analysis: Garware Synthetics Ltd has submitted the newspaper clipping regarding the publication of…
Read the full analysis - Garware Synthetics Ltd submits 57th Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Garware Synthetics Ltd has filed its 57th Annual Report for the financial year ended…
Read the full analysis - Garware Synthetics Limited announces 57th AGM and proposes 150% hike in Non-Executive Chairman's remunerationAGM/EGMlow impact
Cruxal's analysis: Garware Synthetics Limited has scheduled its 57th Annual General Meeting for September…
Read the full analysis - Garware Synthetics Limited announces schedule for 57th Annual General Meeting and Book ClosureCorp. Actionlow impact
Cruxal's analysis: Garware Synthetics Limited has formally notified the stock exchanges regarding the…
Read the full analysis - Garware Synthetics Limited announces 57th Annual General Meeting and procedural board outcomesOtherslow impact
Cruxal's analysis: Garware Synthetics Limited has announced the scheduling of its 57th Annual General…
Read the full analysis - Garware Synthetics Ltd submits newspaper publication of financial resultsCompany Updatelow impact
Cruxal's analysis: Garware Synthetics Ltd has submitted the newspaper clipping of its financial results…
Read the full analysis - Garware Synthetics reports Q1 FY27 loss of 6.55 lakh; appoints new Company SecretaryBoard Meetingmedium impact
Cruxal's analysis: Garware Synthetics Limited reported a weak financial performance for the quarter ended 30…
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