Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
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
₹121.60 -9.75 (-7.42%)
As on 08-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
₹121.60 -9.75 (-7.42%)
As on 08-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹450 Cr.
Current Price
₹121.6
52-Week Low / High
₹93 / 161
TTM EPS
₹8.3
TTM Sales
₹1,356 Cr.
Book Value per Share
₹169.7
P/E Ratio
15.83
Higher than its 5-year historical median
Industry PE
24.5
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
6.37
Higher than its 5-year historical median
Dividend Yield
0.82%
Profitability Efficiency
Return on Equity (ROE)
4.99%
Outperforms industry median
Return on Capital Employed (ROCE)
7.89%
Outperforms industry median
Return on Assets (ROA)
2.31%
Operating Profit Margin
7.9%
Net Profit Margin
2.09%
Gross Profit Margin
7.4%
Growth Momentum
1-yr vs 3-yr growth
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
27.81%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
32.77%
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
Check Before You Invest
Quality
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Valuation
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Price Trend
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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:
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How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
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How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
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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?
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.
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.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.3 | 0.1 | -0.4 | 0.1 | 0.6 | -0.4 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,265 | 1,244 | 1,292 | 1,351 | 1,290 | 787 | 1,190 | 1,499 | 1,264 | 1,292 | 1,356 |
| Sales YoY Gr. | - | -1.6% | 3.8% | 4.6% | -4.6% | -39% | 51.3% | 26% | -15.7% | 2.2% | - |
| Adj EPS ⓘ | 6.9 | 4.1 | -0.1 | 6.2 | 14.1 | 1.8 | 11.3 | 30.8 | 8.7 | 5.2 | 8.3 |
| YoY Gr. | - | -41.1% | -102% | NA | 126.5% | -87% | 518.6% | 172.4% | -71.8% | -40.4% | - |
| BVPS (₹) ⓘ | 73.6 | 76.6 | 78.7 | 86 | 99.9 | 104.4 | 116.9 | 148.7 | 156.2 | 163.1 | 169.7 |
| Adj Net Profit ⓘ | 23.5 | 14 | -0.3 | 21.3 | 48.2 | 6.3 | 38.7 | 106 | 29.8 | 17.8 | 28 |
| Cash Flow from Ops. ⓘ | 174 | 140 | 106 | 137 | 205 | 132 | 54.2 | 20.1 | 145 | 79.1 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 4 | 5.1 | 3.4 | 1.6 | 1.7 | 4.8 | 18.4 | 2.4 | 5.7 | - |
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% | ||||
| BVPSⓘ | 9.3% | 10.3% | 11.8% | 4.4% | ||||
| Share Price | 5.4% | 8% | -10% | -20.7% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.9 | 5.5 | -0.1 | 7.6 | 15.2 | 1.8 | 10.2 | 23.2 | 5.7 | 3.3 | 5 |
| Op. Profit Mgn % ⓘ | 12.7 | 10.7 | 8.6 | 8.9 | 11.2 | 9.6 | 9.9 | 13.2 | 8.1 | 7.9 | 9.6 |
| Net Profit Mgn % ⓘ | 1.9 | 1.1 | -0 | 1.6 | 3.7 | 0.8 | 3.3 | 7 | 2.4 | 1.4 | 2.1 |
| Debt to Equity ⓘ | 2.3 | 2.1 | 2 | 1.6 | 0.9 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.3 |
| Working Cap Days ⓘ | 155 | 159 | 165 | 158 | 150 | 213 | 143 | 139 | 176 | 172 | 80 |
| Cash Conv. Cycle ⓘ | 98 | 93 | 91 | 83 | 80 | 109 | 75 | 87 | 118 | 116 | 22 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,244 | 1,292 | 1,351 | 1,289 | 787 | 1,190 | 1,499 | 1,264 | 1,292 | 1,356 |
| Operating Expenses ⓘ + | 1,111 | 1,181 | 1,231 | 1,145 | 711 | 1,073 | 1,301 | 1,162 | 1,191 | 1,227 |
| Operating Profit ⓘ | 134 | 111 | 120 | 144 | 76 | 117 | 197 | 103 | 101 | 129 |
| Operating Profit Margin (%) | 10.7% | 8.6% | 8.9% | 11.2% | 9.6% | 9.9% | 13.2% | 8.1% | 7.8% | 9.5% |
| Other Income ⓘ + | 14 | 16 | 14 | 13 | 16 | 21 | 15 | 18 | 17 | 15 |
| Interest ⓘ | 63 | 59 | 56 | 49 | 33 | 25 | 32 | 30 | 40 | 43 |
| Depreciation ⓘ | 58 | 58 | 55 | 51 | 46 | 42 | 41 | 43 | 48 | 53 |
| Profit Before Tax ⓘ | 25 | 11 | 20 | 58 | 16 | 72 | 140 | 48 | 30 | 39 |
| Tax ⓘ | 6 | 3 | -5 | 4 | 2 | 25 | 29 | 12 | 8 | 11 |
| Profit After Tax | 19 | 8 | 24 | 53 | 14 | 47 | 111 | 35 | 21 | 28 |
| PAT Margin (%) | 1.5% | 0.6% | 1.8% | 4.1% | 1.8% | 3.9% | 7.4% | 2.8% | 1.7% | 2.1% |
| Adjusted EPS (₹) | 5.6 | 2.3 | 7.1 | 15.6 | 4.1 | 13.7 | 32.6 | 10.3 | 6.3 | 8.3 |
| Dividend Payout Ratio (%) | 9% | 21.60% | 7.10% | 4.80% | 18.40% | 9.20% | 9.20% | 9.70% | 16% | 12.10% |
Valuation of Banswara Syntex - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 262 | 269 | 294 | 342 | 357 | 400 | 509 | 535 | 558 | 581 | |
| Debt + | 489 | 479 | 420 | 260 | 171 | 220 | 327 | 298 | 385 | 397 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 146 | 172 | 133 | 104 | 101 | 107 | 88 | 80 | 84 | 80 | |
| Others Liabilities ⓘ | 172 | 170 | 156 | 181 | 148 | 157 | 144 | 158 | 168 | 210 | |
| Total Liabilities ⓘ | 1,069 | 1,091 | 1,003 | 888 | 778 | 884 | 1,068 | 1,070 | 1,195 | 1,268 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 486 | 460 | 418 | 374 | 338 | 314 | 370 | 424 | 521 | 555 | |
| CWIP ⓘ | 6 | 5 | 0 | 1 | 1 | 29 | 22 | 20 | 20 | 30 | |
| Investments ⓘ | 4 | 4 | 4 | 4 | 3 | 5 | 6 | 10 | 10 | 12 | |
| Inventories | 329 | 310 | 288 | 237 | 196 | 279 | 314 | 271 | 313 | 303 | |
| Trade Receivables | 158 | 183 | 163 | 140 | 115 | 126 | 212 | 207 | 202 | 244 | |
| Cash Equivalents | 15 | 13 | 18 | 13 | 14 | 27 | 37 | 28 | 13 | 8 | |
| Others Assets ⓘ | 71 | 116 | 113 | 119 | 111 | 103 | 108 | 110 | 117 | 116 | |
| Total Assets ⓘ | 1,069 | 1,091 | 1,003 | 888 | 778 | 884 | 1,068 | 1,070 | 1,195 | 1,268 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 140 | 106 | 137 | 205 | 132 | 54 | 20 | 145 | 79 | 121 |
| Cash Flow From Investing Activity ⓘ + | -61 | -25 | -10 | -4 | -3 | -48 | -100 | -93 | -139 | -99 |
| Cash Flow From Financing Activity ⓘ + | -82 | -85 | -123 | -206 | -126 | 5 | 75 | -58 | 55 | -25 |
| Net Cash Flow ⓘ | -2 | -4 | 4 | -5 | 4 | 11 | -4 | -7 | -5 | -3 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.42 | 2.98 | 8.57 | 16.78 | 3.99 | 12.34 | 24.51 | 6.75 | 3.91 | 4.99 |
| ROCE (%) | 10.83 | 8.6 | 9.66 | 14.88 | 7.84 | 15.56 | 22.32 | 8.74 | 7.3 | 7.89 |
| Asset Turnover Ratio | 1.18 | 1.2 | 1.29 | 1.36 | 0.95 | 1.43 | 1.54 | 1.18 | 1.14 | 1.1 |
| PAT to CFO Conversion(x) | 7.37 | 13.25 | 5.71 | 3.87 | 9.43 | 1.15 | 0.18 | 4.14 | 3.76 | 4.32 |
| Working Capital Days | ||||||||||
| Receivable Days | 46.60 | 48.10 | 46.70 | 43 | 59.10 | 37 | 41.20 | 60.50 | 57.70 | 59.90 |
| Inventory Days | 90.10 | 90.10 | 80.60 | 74.30 | 100.60 | 72.80 | 72.10 | 84.50 | 82.50 | 82.70 |
| Payable Days | 92.40 | 101.70 | 89.50 | 77.30 | 108.50 | 79.40 | 60.60 | 58.70 | 59.20 | 56.40 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 08-Jul-2026 16:59 is ₹121.6.
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 07-Jul-2026 the market cap of Banswara Syntex stood at ₹449.6 Cr
The latest P/E ratio of Banswara Syntex as of 07-Jul-2026 is 15.83.
The latest P/B ratio of Banswara Syntex as of 07-Jul-2026 is 0.77.
The 52-week high of Banswara Syntex is ₹160.7 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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