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Garware Synthetics

514400 BSE
₹20.42 up 1.85 (9.96%)
Market Cap
₹11.85 Cr
P/E
63.81

Garware Synthetics (GARWSYN) share price was ₹18.57 at the 28 Oct 2026 close; market capitalisation ₹10.77 Cr; P/E (TTM) 58.03; sector Commercial Services. The share price fell 25.1% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was ₹1.68 Cr, against ₹2.60 Cr a year earlier and net profit was −₹0.07 Cr, against ₹0.12 Cr a year earlier (compared with Jun 2025). Promoters held 45.78% of Garware Synthetics in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 40/100 (Weak) as of 28 Oct 2026.

Close 28 Oct 2026 ₹18.57 −4.99 −21.18% 1Y

Key Fundamentals

MicrocapCommercial ServicesServices
Market Cap
₹11.85 Cr
P/E (TTM)
63.81
EBITDA
₹90.00 L
Return on Equity
-23.63%
Return on Capital Employed
-163.12%
Debt to Equity
0
Book Value
−₹2.64
EPS (TTM)
₹0.32
52W High
₹29.40
52W Low
₹11.81

Price-based figures as of 29 Oct 2026, 11:37 IST · EPS basis: Standalone · TTM

Peer Comparison

Services › Commercial Services › Trading & Distributors

Redington
₹354.4516.2927,710 Cr2.731.68%12.32%19.00%1,28,312 Cr1,504 Cr
MMTC
₹51.5317.297,730 Cr3.640.00%18.27%29.75%908 Cr447 Cr
MSTC
₹567.4517.053,995 Cr4.422.82%24.16%31.29%478 Cr234 Cr
Creative Newtech
₹1,179.4024.041,771 Cr4.420.05%18.15%26.34%2,794 Cr74 Cr
Pervasive Commodities
₹12.01—1,082 Cr12.010.00%-0.05%0.02%40 Cr-0 Cr
RRP Defense
₹590.65—810 Cr59.900.00%53.72%74.36%12 Cr-2 Cr
Garware Synthetics (this company)
₹20.4263.8112 Cr—0.00%-23.63%-163.12%9 Cr0 Cr
Median 7 companies₹354.4517.291,771 Cr4.420.00%18.15%26.34%478 Cr74 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

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

40 Weak
Overall score

Data confidence 93/100

Category scores

Quality Average 46
Returns, margins, earnings quality 22% weight
Valuation Poor 26
Cheap vs sector & own history 24% weight
Growth Poor 35
Sales & profit trajectory 9% weight
Financial Health Poor 29
Solvency, leverage, coverage 9% weight
Momentum Weak 42
Trend strength, vol-adjusted 12% weight
Ownership Average 50
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

Weaknesses

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

Technical Indicators

Oscillators

Neutral

Bearish
2
Neutral
5
Bullish
2

Overall

Bearish

Bearish
12
Neutral
5
Bullish
2

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
-5.45% lower than 3Y

change over 1 year

Net Income Growth
—

Cash Flow Change
-400%

change over 1 year

EBITDA Margin Change
196%

change over 1 year Operating margin 8.93% · Jun 2026

Quarterly Results

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
Figures in ₹ Crores

Profit & Loss

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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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 + investor summaries across FY09–FY27.

Shareholding Pattern

DIIs0.01%Promot.45.78%Others11.21%Public43.00%As ofSep 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.[1]
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 market capitalisation of Garware Synthetics Ltd?
Garware Synthetics Ltd has a market capitalisation of ₹11.85 Cr as of 29 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Garware Synthetics Ltd?
Garware Synthetics Ltd trades at a PE ratio of 63.81 as of 29 Oct 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 29 Oct 2026.
What is the Return on Equity (ROE) of Garware Synthetics Ltd?
Garware Synthetics Ltd reported a return on equity of -23.63%. Its debt-to-equity ratio is 0.00.

Company Information

Incorporated in 1958, Garware Synthetic Ltd manufactures a wide range of bristles made from Nylon.[1]

Website garwaresyn.com
Face Value ₹ 10
Shares Outstanding 58,00,958

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