Garware Synthetics Ltd - Stock Valuation and Financial Performance

BSE: 514400 | NSE: | Textile - Spinning | Small Cap

Garware Synthetics Share Price

35.97 -0.73 -1.99%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on Garware Synthetics

M-Cap below 100cr DeciZen not available

Garware Synthetics stock performance -

mw4me loader
P/E Ratio (SA):
74.09
Market Cap:
20.9 Cr.
52-wk low:
13.4
52-wk high:
40

Is Garware Synthetics Ltd an attractive stock to invest in?

1. Is Garware Synthetics Ltd a good quality company?

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

2. Is Garware Synthetics Ltd undervalued or overvalued?

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

3. Is Garware Synthetics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Garware Synthetics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Garware Synthetics:

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.
Garware Synthetics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 35.2%16.7%28.2%8.4%-13%2.7%10.2%11.7%10.2%6.1%-
Value Creation
Index
1.50.21.0-0.4NA-0.8-0.3-0.2-0.3NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8.17.98.59.610.69.18.312.711.410.711
Sales YoY Gr.--2.5%8.1%12.4%10.8%-14.4%-9.2%53.6%-10.2%-6.1%-
Adj EPS 1.20.30.80.6-0.60.210.30.7-0.40.5
YoY Gr.--75.8%179.3%-27.2%-193.2%NA426.3%-74%180.8%-156.2%-
BVPS (₹) -4.6-4.4-3.1-2.7-4.9-4.7-3.7-4.4-3.4-3.6-3.4
Adj Net
Profit
0.70.20.50.3-0.30.10.60.20.4-0.20
Cash Flow from Ops. 00.10.30.3-1.8-0.50.41.30.60.4-
Debt/CF from Ops. -108.531.716.741.2-6.9-24.630.3910.413.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%0.1%9%-6.1%
Adj EPS -188.8%NA-174.3%-156.2%
BVPSNANANANA
Share Price -0.5% 80.6% 46.2% 123.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-20.4-7-22.8-20.914.7-4-23.8-6.5-18.711.9-14
Op. Profit
Mgn %
-1.41.24.85.10.33.212.87.64.93.51.5
Net Profit
Mgn %
8.62.15.53.6-31.27.11.23.7-2.22.6
Debt to
Equity
-1.7-1.8-2.4-6.4-4.4-4.7-5.8-4.7-3-2.6-
Working Cap
Days
849091939210512290968641
Cash Conv.
Cycle
-68-65-56-278311080-152

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 8.97%

Net Profit has been subdued in last 3 years -174.29%

Sales growth is not so good in last 4 quarters at -0.32%

Latest Financials - Garware Synthetics Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 -
TTM Sales (₹ Cr.) 10.8 -
BVPS (₹.) -3.4 -
Reserves (₹ Cr.) -8 -
P/BV -10.57 -
PE 74.09 -
From the Market
52 Week Low / High (₹) 13.40 / 40.03
All Time Low / High (₹) 0.10 / 43.00
Market Cap (₹ Cr.) 20.9
Equity (₹ Cr.) 5.8
Face Value (₹) 10
Industry PE 29.1

Management X-Ray of Garware Synthetics:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Garware Synthetics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales8.107.908.549.6010.649.118.2712.7011.4010.70
Operating Expenses 8.227.818.139.1110.618.827.2111.7310.8410.33
Manufacturing Costs1.081.161.240.941.321.200.921.291.391.57
Material Costs4.904.214.355.206.034.693.777.176.565.66
Employee Cost 1.281.481.551.562.031.891.471.932.022.21
Other Costs 0.960.950.991.411.231.041.051.340.880.89
Operating Profit -0.120.090.410.490.030.291.060.970.560.37
Operating Profit Margin (%) -1.4%1.1%4.8%5.1%0.3%3.2%12.8%7.6%4.9%3.5%
Other Income 0.910.290.2800.33000.330.370.02
Interest 0.160.140.160.090.200.090.430.590.330.37
Depreciation 0.020.020.010.020.030.030.020.260.470.44
Exceptional Items -0.12000-1.51000.110.220.28
Profit Before Tax 0.490.230.530.38-1.370.180.610.560.35-0.14
Tax -0.120.060.060.0400.070.030.33-0.23-0.10
Profit After Tax 0.610.170.470.34-1.370.110.580.230.58-0.05
PAT Margin (%) 7.6%2.1%5.5%3.6%-12.9%1.2%7.1%1.8%5.1%-0.4%
Adjusted EPS (₹)1.10.30.80.6-2.40.21.00.41.0-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -2.70-2.53-1.82-1.47-2.85-2.74-2.15-2.57-1.97-2.08
Share Capital 5.815.815.815.815.815.815.815.815.815.81
Reserves -8.51-8.34-7.63-7.28-8.66-8.55-7.96-8.37-7.78-7.89
Minority Interest0000000000
Debt4.584.524.4210.1612.4312.9112.4211.995.885.30
Long Term Debt4.574.524.4210.1612.4312.9100.330.240.16
Short Term Debt0.010000012.4211.665.635.15
Trade Payables2.792.712.841.952.011.831.722.272.072.25
Others Liabilities 7.747.797.312.741.831.121.525.239.278.88
Total Liabilities 12.4112.4912.7513.3813.4213.1313.5016.9215.2514.35

Fixed Assets

Gross Block11.3611.3811.3811.4811.4811.4811.4915.0216.7516.75
Accumulated Depreciation0.920.940.960.981.011.041.061.494.474.91
Net Fixed Assets10.4310.4310.4210.5010.4710.4510.4413.5312.2811.84
CWIP 0000000000
Investments 0000000000
Inventories0.820.831.151.191.141.061.051.030.890.87
Trade Receivables0.800.940.891.301.181.101.471.681.471.27
Cash Equivalents 0.110.020.100.230.250.160.040.130.240.22
Others Assets0.240.270.190.160.370.360.510.550.380.15
Total Assets 12.4112.4912.7513.3813.4213.1313.5016.9215.2514.35

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.040.140.260.25-1.79-0.520.411.330.570.39
PBT 0.490.230.530.38-1.370.180.610.560.35-0.14
Adjustment -0.590.160.010.131.600.110.450.520.130.21
Changes in Working Capital 0.18-0.17-0.21-0.23-2.02-0.76-0.590.250.020.46
Tax Paid 0-0.08-0.06-0.030-0.06-0.0600.07-0.13
Cash Flow From Investing Activity 0.05-0.040.07-0.0600-0.01-0.6400
Capex -0.01-0.020-0.1000-0.01-0.6400
Net Investments 0000000000
Others 0.06-0.020.080.04000000
Cash Flow From Financing Activity 0.01-0.20-0.26-0.051.810.43-0.52-0.60-0.46-0.40
Net Proceeds from Shares 1.30000000000
Net Proceeds from Borrowing -1.40-0.06-0.100.042.010.4800.33-0.08-0.09
Interest Paid -0.16-0.14-0.16-0.09-0.20-0.05-0.03-0.48-0.16-0.25
Dividend Paid 0000000000
Others 0.2600000-0.49-0.45-0.22-0.06
Net Cash Flow 0.01-0.100.080.130.02-0.09-0.120.090.11-0.02
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.650.630.680.740.790.690.620.830.710.72
PAT to CFO Conversion(x)-0.070.820.550.74N/A-4.730.715.780.98N/A
Working Capital Days
Receivable Days36403942434657455047
Inventory Days36384244404446303130
Payable Days218238233168120150172101121139

Garware Synthetics Ltd Stock News

Garware Synthetics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Garware Synthetics on 20-Dec-2024 16:59 is ₹35.97.
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 20-Dec-2024 16:59 the market cap of Garware Synthetics stood at ₹20.89.
The latest P/E ratio of Garware Synthetics as of 20-Dec-2024 16:59 is 74.09.
The latest P/B ratio of Garware Synthetics as of 20-Dec-2024 16:59 is -10.57.
The 52-week high of Garware Synthetics is ₹40.03 and the 52-week low is ₹13.40.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Garware Synthetics is ₹10.77 ( Cr.) .

About Garware Synthetics Ltd

Garware Synthetics was established on September 1, 1969 under the name of Garware Synthetic Bristles Private Limited. It was amongst the first companies in India in the business of manufacturing bristles.

The name of the company was changed to Garware Synthetics Private Limited on September 18, 1974.  On June 8, 1992 company was converted into a public limited company. For over two decades, GSL's products sold under the brand name Garflom

The company’s product portfolio comprise nylon monofilaments and bristles, nylon fishing lines, nylon tubings, extruded nylon rods and pipes, cast nylon rods and bushes, cast nylon machinery parts, moulded components and polytetrafluoroethylene (PTFE) rods.

The company's production capacity has increased from 100 MT per annum in 1969 to 585 MT per annum at present.

Garware Synthetics' registered office is located at 101 Madhu Kunj, Plot No 285, Shree-e-Punjab Society, Mahakali Caves Road, Andheri (E), Mumbai 400093.

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