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Banswara Syntex Ltd (BANSWRAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 503722 NSE: BANSWRAS Textile - Manmade Fibres | Small Cap | Banswara Syntex Share Price

₹130.80 -0.10 (-0.08%)

As on 02-Jul'26 16:59

Banswara Syntex Ltd (BANSWRAS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 503722 NSE: BANSWRAS Textile - Manmade Fibres | Small Cap | Banswara Syntex Share Price

₹130.80 -0.10 (-0.08%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹448 Cr.
Current Price
₹130.8
52-Week Low / High
₹93 / 166
TTM EPS
₹8.3
TTM Sales
₹1,356 Cr.
Book Value per Share
₹169.7
P/E Ratio
15.76
Higher than its 5-year historical median
Industry PE
23.1
Price to Book (P/B)
0.77
Lower than its 5-year historical median
Price to Sales (P/S)
0.33
Lower than its 5-year historical median
EV/EBITDA
6.36
Higher than its 5-year historical median
Dividend Yield
0.76%
Profitability Efficiency
Return on Equity (ROE)
3.91%
Outperforms industry median
Return on Capital Employed (ROCE)
7.30%
Outperforms industry median
Return on Assets (ROA)
1.89%
Operating Profit Margin
7.9%
Net Profit Margin
1.66%
Gross Profit Margin
6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.17%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-1.8%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-39.32%
Asset Quality
Promoter Holding
54.19%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹564 Cr.
Equity
₹17.1 Cr.
Face Value
₹5
All Time Low / High
₹0.33 / 188.50

Banswara Syntex stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Banswara Syntex Ltd a good quality company?
Banswara Syntex Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Banswara Syntex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Banswara Syntex Ltd vs industry peers?
Banswara Syntex Ltd revenue CAGR is 0.03%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Banswara Syntex Ltd?
Promoters hold 54.19% of the Banswara Syntex Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Banswara Syntex Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Banswara Syntex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.7%10.8%8.6%9.7%14.9%7.8%15.6%22.3%8.7%7.3%-
Value Creation
Index
0.0-0.2-0.4-0.30.1-0.40.10.6-0.4-0.5-

Growth Parameters

Sales 1,2651,2441,2921,3511,2907871,1901,4991,2641,2921,356
Sales YoY Gr.--1.6%3.8%4.6%-4.6%-39%51.3%26%-15.7%2.2%-
Adj EPS 6.94.1-0.16.214.11.811.330.88.75.28.3
YoY Gr.--41.1%-102%NA126.5%-87%518.6%172.4%-71.8%-40.4%-
BVPS (₹) 73.676.678.78699.9104.4116.9148.7156.2163.1169.7
Adj Net
Profit
23.514-0.321.348.26.338.710629.817.828
Cash Flow from Ops. 17414010613720513254.220.114579.1-
Debt/CF from Ops. 3.245.13.41.61.74.818.42.45.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 0.2%0%2.8%2.2%
Adj EPS -3.2%-18.1%-22.9%-40.4%
BVPS9.3%10.3%11.8%4.4%
Share Price 5.9% 10.3% -7.8% -18.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.95.5-0.17.615.21.810.223.25.73.35
Op. Profit
Mgn %
12.710.78.68.911.29.69.913.28.17.99.6
Net Profit
Mgn %
1.91.1-01.63.70.83.372.41.42.1
Debt to
Equity
2.32.121.60.90.60.70.70.70.80.3
Working Cap
Days
15515916515815021314313917617280
Cash Conv.
Cycle
9893918380109758711811622

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,2651,2441,2921,3511,2897871,1901,4991,2641,292
Operating Expenses + 1,1041,1111,1811,2311,1457111,0731,3011,1621,191
Manufacturing Costs262266290296266157293340280299
Material Costs562539570622559346479589523506
Employee Cost 196218236237242153219286282295
Other Costs 84888476785581867692
Operating Profit 16013411112014476117197103101
Operating Profit Margin (%) 12.7%10.7%8.6%8.9%11.2%9.6%9.9%13.2%8.1%7.8%
Other Income + 11141614131621151817
Exceptional Items 0-11-3030000
Interest 70635956493325323040
Depreciation 57585855514642414348
Profit Before Tax 442511205816721404830
Tax 1763-5422529128
Profit After Tax 27198245314471113521
PAT Margin (%) 2.2%1.5%0.6%1.8%4.1%1.8%3.9%7.4%2.8%1.7%
Adjusted EPS (₹)8.05.62.37.115.64.113.732.610.36.3
Dividend Payout Ratio (%)12.50%9%21.60%7.10%4.80%18.40%9.20%9.20%9.70%16%

Valuation of Banswara Syntex - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 249262269294342357400509535558
Share Capital 17171717171717171717
Reserves 232245252277325340383492518541
Debt +497489479420260171220327298385
Long Term Debt21719918514097137106124149203
Short Term Debt28029029428016334113203149182
Minority Interest0000000000
Trade Payables127146172133104101107888084
Others Liabilities 183172170156181148157144158168
Total Liabilities 1,0571,0691,0911,0038887788841,0681,0701,195

Fixed Assets

Net Fixed Assets +473486460418374338314370424521
Gross Block918543575584589596588680772907
Accumulated Depreciation44557115166215258274310348386
CWIP 86501129222020
Investments 1944443561010
Inventories290329310288237196279314271313
Trade Receivables162158183163140115126212207202
Cash Equivalents 21151318131427372813
Others Assets 8471116113119111103108110117
Total Assets 1,0571,0691,0911,0038887788841,0681,0701,195

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 174140106137205132542014579
PBT 272511205816721404830
Adjustment 144121115114937362696487
Changes in Working Capital 116-1376545-57-14550-27
Tax Paid -8-12-8-3-11-3-23-43-17-11
Cash Flow From Investing Activity + -28-61-25-10-4-3-48-100-93-139
Capex -28-61-29-9-6-9-58-100-94-141
Net Investments -103-1-148-221
Others 1-0104222-21
Cash Flow From Financing Activity + -140-82-85-123-206-126575-5855
Net Proceeds from Shares 2000000000
Net Proceeds from Borrowing -53-19-39-54-3233-37193771
Interest Paid -70-63-59-56-48-33-26-32-29-40
Dividend Paid -2-4-2-2-40-3-4-10-3
Others -17416-11-122-1277192-5627
Net Cash Flow 6-2-44-5411-4-7-5

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.527.422.988.5716.783.9912.3424.516.753.91
ROCE (%)13.6610.838.69.6614.887.8415.5622.328.747.3
Asset Turnover Ratio1.181.181.21.291.360.951.431.541.181.14
PAT to CFO Conversion(x)6.447.3713.255.713.879.431.150.184.143.76
Working Capital Days
Receivable Days43.1046.6048.1046.704359.103741.2060.5057.70
Inventory Days88.9090.1090.1080.6074.30100.6072.8072.1084.5082.50
Payable Days67.5092.40101.7089.5077.30108.5079.4060.6058.7059.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Banswara Syntex Ltd FAQs

The current trading price of Banswara Syntex on 02-Jul-2026 16:59 is ₹130.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Banswara Syntex stood at ₹447.8 Cr

The latest P/E ratio of Banswara Syntex as of 01-Jul-2026 is 15.76.

The latest P/B ratio of Banswara Syntex as of 01-Jul-2026 is 0.77.

The 52-week high of Banswara Syntex is ₹165.6 and the 52-week low is ₹93.20.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Banswara Syntex is ₹1,356 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Banswara Syntex Ltd is a average quality company.

The key valuation ratios of Banswara Syntex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Banswara Syntex Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Banswara Syntex Ltd

Banswara Syntex was incorporated in 1976 as a joint-sector company with RIICO, a Government of Rajasthan undertaking, and R. L. Toshniwal. R. L. Toshniwal laid the foundation for the company and set up a spinning mill in the rural bamboo forest town of Banswara, Rajasthan. Since then, the company has grown into a vertically integrated textile company specializing in the production of yarn, fabric, and readymade garments. Currently, it is one of the largest single-mill setups of fibre-dyed yarn in Asia.

Over the years, the company has forayed into markets in many countries, including the U.S., U.K., Canada, Spain, Germany, Japan, France, UAE, and Turkey. It has won several awards, including the SRTEPC Award for eight consecutive years.

Product innovation has been an integral part of its work culture. The company has diversified offerings in textiles and technical fabrics. Due to its varied and highly specialized product range, it is able to service several highly reputed fast-fashion brands such as Uniqlo, Calvin Klein, Marks & Spencer, and Next.

The company operates its own thermal power plant, which generates captive power for the mill. For its next step, it intends to transition toward solar energy. With a shift toward Industry 4.0, the company is gradually integrating automation, software, and cutting-edge technology into its factories.

The company is a public limited company and a government-recognized Four-Star Export House, holding IS/ISO 9001:2008 and IS/ISO 14001:2004 certifications from the Bureau of Indian Standards.

Business area of the company

The company is engaged in the manufacturing of man-made synthetic blended yarn, wool and wool-blended yarn, all types of fabrics, Jacquard furnishing fabrics, as well as the production of readymade garments and made-ups. It is also involved in trading, buying, and selling all kinds of apparel in India and abroad, including direct-to-consumer brand operations, retail business verticals, and e-commerce activities.

Products

Base Products 

  • Yarn 
  • Fabric 
  • Readymade Garments

Featured Products

  • Performance Finish Fabric
  • Technical Fabric
  • Automotive Fabric
  • Fire Retardant Fabric

Milestones

  • 1976: Year of incorporation. Started Yarn production with 12500 spindles
  • 1993: Started Cloth Weaving activity mainly for domestic market
  • 2004: Started production of Readymade Garments
  • 2005: Amalgamation of Banswara Textile Mills Ltd. (BTM), an associate firm engagged in fabric finishing activities
  • 2006: Joint Venture with French Company Carreman
  • 2012: Joint Venture with French Company Tesca for Automotive Textiles
  • 2015: Bought complete stake in Carreman JV
  • 2017: SAP implementation across all divisions in the company
  • 2022: Launching of Banswara Brands for D to C Segment
  • 2025: India Ratings and Research has assigned, affirmed Credit Rating and has revised the outlook of the company’s instruments.

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