---
title: "Garware Synthetics Ltd (514400) — Share Price, Financials & Analysis"
symbol: "514400"
company: "Garware Synthetics Ltd"
canonical: "https://tapetide.com/stocks/514400"
isin: "INE340D01016"
nse_symbol: "GARWARESYNTHETICSLTD"
bse_code: "514400"
sector: "Commercial Services"
industry: "Trading & Distributors"
market_cap_cr: 12.54
generated_at: "2026-09-13T19:59:56.646Z"
---

# Garware Synthetics Ltd (514400)

Canonical page: https://tapetide.com/stocks/514400

## Company

- **NSE Symbol:** GARWARESYNTHETICSLTD
- **BSE Code:** 514400
- **ISIN:** INE340D01016
- **Sector:** Commercial Services
- **Industry:** Trading & Distributors
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** garwaresyn.com

## About

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

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:46:11.790824Z.

- **Market Cap:** ₹12.54 Cr
- **Classification:** Microcap
- **P/E (reported):** 69.1
- **EPS (TTM):** ₹0.32
- **Book Value:** ₹-2.64
- **Price to Book:** -7.87
- **Dividend Yield:** 0%
- **ROE:** -0.66%
- **ROCE:** -43.75%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹10.34 Cr
- **Net Income:** ₹0.35 Cr
- **EBITDA:** ₹0.93 Cr
- **52-Week High:** ₹30.42
- **52-Week Low:** ₹11.81
- **RSI (14):** 62.28

## Tapetide Score

- **Score:** 39 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 12 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 28.64 | 9% |
| growth | 34.51 | 9% |
| momentum | 33.65 | 12% |
| ownership | 50 | 24% |
| quality | 48.92 | 22% |
| valuation | 25.56 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

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

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -89.74% | -92.98% | -90.24% |
| ebitda margin growth | 0.2% | 189.68% | 147.38% | -10.02% |
| net income growth | 0% | — | -3% | -9% |
| revenue growth | -29.17% | -6% | -3% | 5% |
| roce | — | — | -492.73% | 4.07% |
| roe | — | -128.82% | -9.26% | -97.56% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 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 | 2.39 | 2.54 | 2.74 | 2.63 | 2.7 | 2.49 | 2.86 | 2.35 | 2.53 | 2.15 | 2.38 | 1.53 |
| Operating Profit | 0.08 | 0.18 | -0.13 | 0.04 | 0.07 | 0.06 | -0.11 | 0.25 | 0.31 | 0.34 | 0.03 | 0.15 |
| OPM % | 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 | 0.01 | 0 | 0.28 | 0.19 | 0.07 | 0.01 | 0.29 | 0 | 0 | 0 | 0.01 | 0 |
| Interest | 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 | 0.15 |
| Profit before tax | -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 % | 5.26 | -100 | -1600 | 0 | -250 | 0 | 90.91 | 0 | 33.33 | -4.76 | -10 | 0 |
| Net Profit | -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 in Rs | -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

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.6 | 10.64 | 9.11 | 8.27 | 12.7 | 11.4 | 10.7 | 10.73 | 10.34 | 9.42 |
| Expenses | 9.1 | 10.61 | 8.81 | 7.21 | 11.73 | 10.55 | 10.32 | 10.68 | 9.41 | 8.59 |
| Operating Profit | 0.5 | 0.03 | 0.3 | 1.06 | 0.97 | 0.85 | 0.38 | 0.05 | 0.93 | 0.83 |
| OPM % | 5.21 | 0.28 | 3.29 | 12.82 | 7.64 | 7.46 | 3.55 | 0.47 | 8.99 | 8.81 |
| Other Income | 0 | -1.18 | 0 | 0 | 0.44 | 0.3 | 0.29 | 0.57 | 0.02 | 0.01 |
| Interest | 0.09 | 0.2 | 0.09 | 0.43 | 0.59 | 0.33 | 0.37 | 0.11 | 0.09 | 0.13 |
| Depreciation | 0.02 | 0.03 | 0.03 | 0.02 | 0.26 | 0.47 | 0.44 | 0.44 | 0.44 | 0.48 |
| Profit before tax | 0.39 | -1.38 | 0.18 | 0.61 | 0.56 | 0.35 | -0.14 | 0.07 | 0.42 | 0.23 |
| Tax % | 10.26 | 0 | 38.89 | 4.92 | 58.93 | -62.86 | -71.43 | 71.43 | 11.9 | — |
| Net Profit | 0.34 | -1.37 | 0.11 | 0.58 | 0.23 | 0.58 | -0.05 | 0.01 | 0.36 | 0.18 |
| EPS in Rs | 0.59 | -2.36 | 0.19 | 1 | 0.4 | 1 | -0.09 | 0.02 | 0.62 | 0.32 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 5.42 |
| Other Liabilities | 10.37 | 4.89 | 4.05 | 3.17 | 3.44 | 7.49 | 11.33 | 11.21 | 11.02 | 10 |
| 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 | 10.5 | 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 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.26 | 0.25 | -1.79 | -0.52 | 0.41 | 1.33 | 0.57 | 0.39 | 0.04 | -0.12 |
| Cash from Investing Activity | 0.07 | -0.06 | 0 | 0 | -0.01 | -0.64 | 0 | 0 | -0.03 | -0.23 |
| Cash from Financing Activity | -0.26 | -0.05 | 1.81 | 0.43 | -0.52 | -0.6 | -0.46 | -0.4 | -0.13 | 0.12 |
| Net Cash Flow | 0.08 | 0.13 | 0.02 | -0.09 | -0.12 | 0.09 | 0.11 | -0.02 | -0.12 | -0.23 |
| Free Cash Flow | 0.26 | 0.15 | -1.79 | -0.52 | 0.4 | 0.69 | 0.57 | 0.39 | 0.01 | -0.36 |
| CFO/OP | 74 | 56 | -5967 | -153 | 44 | 137 | 59 | 137 | 160 | -12 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 | 56.1 | 52.84 | 62.1 |
| Days Payable | 238.3 | 137.14 | 121.47 | 142.42 | 166.53 | 115.56 | 115.18 | 145.1 | 175.52 | 174.93 |
| Cash Conversion Cycle | -103.77 | -4.02 | -12.1 | -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 | -227.19 | -420.79 | -428.89 |
| ROCE % | 26.86 | 8.5 | 3.61 | 2.73 | 10.18 | 10.56 | 6.86 | -1.37 | -3.05 | 14.29 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | 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% | 45.78% | 45.78% | 45.78% | 45.78% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 41.68% | 41.63% | 41.81% | 41.9% | 41.52% | 41.42% | 41.37% | 41.38% | 41.22% | 41.26% | 42.6% | 42.76% |
| Others | 12.54% | 12.58% | 12.41% | 12.31% | 12.7% | 12.79% | 12.84% | 12.84% | 12.99% | 12.95% | 11.62% | 11.45% |
| No. of Shareholders | 13487 | 13425 | 13384 | 13377 | 13457 | 13479 | 13434 | 13409 | 13373 | 13358 | 13329 | 13286 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 4 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 19.11 | Buy |
| EMA (10) | 19.59 | Buy |
| SMA (20) | 18.87 | Buy |
| EMA (20) | 19.22 | Buy |
| SMA (50) | 19.23 | Buy |
| EMA (50) | 19.29 | Buy |
| SMA (100) | 19.75 | Buy |
| EMA (100) | 20.24 | Buy |
| SMA (200) | 21.9 | Sell |
| EMA (200) | 22.18 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 59.57 | Neutral |
| MACD (12,26,9) | 0.31 | Buy |
| Stochastic (14,3,3) | 91.47 | Sell |
| ADX (14) | 16.56 | Neutral |
| Williams %R (14) | -21.94 | Neutral |
| ATR (14) | 1.05 | High Volatility |
| ROC (12) | 9.83 | Buy |
| Stoch RSI (14) | 84.23 | Sell |
| UO (7,14,28) | 81.03 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=073f09b2-a5a0-48d5-8c65-505a1dc03d21.pdf) |
| 2026-09-04 | [Notice Of 57Th Annual General Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a680e18-57e7-4773-b473-cb67035c7e77.pdf) |
| 2026-09-04 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d881fbc-3556-4d0a-9aa2-3bf88a3619df.pdf) |
| 2026-08-24 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 24.08.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d6b9c38-4947-4f24-a716-7bb8b9cced28.pdf) |
| 2026-08-24 | [Company Fixes Record Date For The Purpose Of AGM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e306cd4-063b-471d-bafe-c2d9a682c935.pdf) |
| 2026-08-24 | [Company Fixes Book Closure For The Purpose Of AGM.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a8c6b7a1-cf44-4c0c-af37-e7026c9757cd.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51acd095-6623-420e-b617-ae7b0fac16b5.pdf) |
| 2026-08-06 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb1c5b24-2361-4c07-818b-9fc29cc201a8.pdf) |
| 2026-08-06 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9311393b-11f8-4184-ae0f-f33eeea3d245.pdf) |
| 2026-07-31 | [Board Meeting Intimation for Meeting To Be Held On 06Th August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f3124034-53cb-40d1-9a02-4b572b2bc52c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-06 | [Un-Audited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0cb742a9-3a1e-4c97-917c-44732beabc16.pdf) |
| 2026-06-01 | [Submission Of Revised Audited Financial Results For The Quarter And Year Ended 31.03.2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa360900-b25b-4fe8-84c1-9cb8ef375a9f.pdf) |
| 2026-05-30 | [Audited Financial Results For The Quarter And Year Ended 31.03.2026 .](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d732a86-ee3d-4996-9785-7f5661469f80.pdf) |
| 2026-01-30 | [Submission Of Un-Audited Financial Results For 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=722bf882-4735-4840-a8fc-1b0d358ae26e.pdf) |
| 2025-11-12 | [Submission Of Un-Aduited Financial Results For Quarter And Half Year Ended 30.09.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6a2063e0-4d94-47d3-b980-36e3c96a67cd.pdf) |
| 2025-07-25 | [Submission Of Un-Audited Financial Results For The Quarter Ended 30.06.2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=523f0101-e4ce-403c-a60f-84865aaa64fa.pdf) |
| 2025-05-30 | [Submission Of Audited Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67c54ecb-5080-4edf-8f9b-48007e9118f6.pdf) |
| 2025-02-13 | [Submission Of Quarterly Financial Results For The Quarter And Nine Months Ended 31St December 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea5245f4-c331-4c64-8bcc-313f8d240439.pdf) |
| 2024-11-13 | [Submission Of Financial Results Along With Limited Review Report And Cash Flow Statement For The Quarter And Half Year Ended 30Th September, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99acddb2-581e-41f7-bc76-4eec73066a34.pdf) |
| 2024-08-01 | [Financial Results For The Quarter Ended 30Th June,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4246abd-04f6-428f-a8ad-caf549322d8e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 January 2026 - Reg.74(5) non-applicable for AVSL Industries for quarter ended 31 Dec 2025; all shares in demat. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Reg.74(5) non-applicable for AVSL Industries for quarter ended 31 Dec 2025; all shares in demat.](https://nsearchives.nseindia.com/corporate/AVSL_08012026164648_finalupload.pdf) |
| 8 January 2026 - AVSL: Regulation 27(2) corporate governance report not applicable for quarter ended 31-Dec-2025 due to NSE SME listing. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 January 2026 - AVSL: Regulation 27(2) corporate governance report not applicable for quarter ended 31-Dec-2025 due to NSE SME listing.](https://nsearchives.nseindia.com/corporate/AVSL_08012026171616_UPLOAD.pdf) |
| 6 December 2025 - CFO Ramesh Chander resigned effective 06 Dec 2025; cited personal reasons; no shareholding. | [Resignation 6 December 2025 - CFO Ramesh Chander resigned effective 06 Dec 2025; cited personal reasons; no shareholding.](https://nsearchives.nseindia.com/corporate/AVSL_06122025171347_FINALUPLOADREIGN.pdf) |
| 6 December 2025 - Appointed Mr. Mukesh Kumar as CFO and KMP effective 6 December 2025; holds 9,000 shares. | [Appointment 6 December 2025 - Appointed Mr. Mukesh Kumar as CFO and KMP effective 6 December 2025; holds 9,000 shares.](https://nsearchives.nseindia.com/corporate/AVSL_06122025171526_FINALUPLOADAPP.pdf) |
| 31 Mar - Swati Shah resigned as Company Secretary & Compliance Officer effective 31 March 2026. | [Announcement under Regulation 30 (LODR)-Cessation 31 Mar - Swati Shah resigned as Company Secretary & Compliance Officer effective 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6ea0c72-a108-4208-bf05-0258bb45a93b.pdf) |
| 31 Mar - Swati Shah resigned as Company Secretary & Compliance Officer effective 31 March 2026; cited personal and management change. | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 31 Mar - Swati Shah resigned as Company Secretary & Compliance Officer effective 31 March 2026; cited personal and management change.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3f2d9c56-eaeb-4094-a7c2-bccc4351c424.pdf) |
| 3 Feb - Submission of newspaper clipping published on 03.02.2026. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Feb - Submission of newspaper clipping published on 03.02.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f272b1a-7612-4a73-a8c4-8302e2eb4eee.pdf) |
| 28 Feb - Members regularized Mrs. Sheetal Sawant as Independent Director from 02-12-2025 to 01-12-2030. | [Announcement under Regulation 30 (LODR)-Change in Directorate 28 Feb - Members regularized Mrs. Sheetal Sawant as Independent Director from 02-12-2025 to 01-12-2030.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbae30fa-acb7-4d2c-9c51-efab240a1863.pdf) |
| 28 Feb - EGM 28-Feb-2026 approved regularization of Mrs. Sheetal Sawant as Independent Director; 2,486,446 votes (42.80%) polled. | [Submission Of Chairman Declaration 28 Feb - EGM 28-Feb-2026 approved regularization of Mrs. Sheetal Sawant as Independent Director; 2,486,446 votes (42.80%) polled.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/efb59cd8-0d97-46a1-ba3e-eba636596a2f.pdf) |
| 28 Feb - Appointment of Sheetal Sawant as Independent Director for five-year term Dec 2, 2025–Dec 1, 2030; EOGM approved. | [Submission Of Scuutinizer Report 28 Feb - Appointment of Sheetal Sawant as Independent Director for five-year term Dec 2, 2025–Dec 1, 2030; EOGM approved.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/da1e37c6-d3b9-4baa-8cbf-c288cbb7b68f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25956_AVSL_2023_2024_06092024134335.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_22750_AVSL_2022_2023_14082023182736_08142023190000.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21291_AVSL_2021_2022_04092022145316_09042022150001.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19376_AVSL_2020_2021_04092021180348_09042021190004.zip) |
| from nse | [Financial Year 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17759_AVSL_2019_2020_14102020182829_17102020114117.zip) |
| from nse | [Financial Year 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16080_AVSL_2018_2019_27092019144929_27092019150016.zip) |
| from nse | [Financial Year 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13977_AVSL_2017_2018_03102018134125.zip) |
| from nse | [Financial Year 2017 from nse](https://archives.nseindia.com/annual_reports/SME_AR_12090_AVSL_2016_2017_09102017113155.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86566a89-36d6-4b9e-93fd-2ce87e5205fe.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/781d7da5-57d0-42f4-8257-f7f5a78cee0e.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:59:56.646Z.