Garware Synthetics Ltd.

BSE: GARWSYN514400ISIN INE340D01016

Services
Trading & Distributors

Share price

₹21.50+0.71 (+3.42%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹29.40
52W low: ₹11.81
Off 52W high: -26.87%
1M return: +16.22%
3M return: +6.75%
6M return: -8.90%
1Y return: -8.74%
20D avg volume: 3,008
50 DMA: ₹19.02
200 DMA: ₹19.58

Key ratios Standalone

Market cap: ₹12.49 Cr
Current price: ₹21.50
52W high / low: ₹29.40 / ₹11.81
Face value: ₹10.00
P/E: 71.67
P/B: -6.30
EPS (TTM): ₹0.30
Book value / share: —
ROE: -8.95%
ROCE: -108.50%
Operating margin: 8.92%
Net margin: -3.92%
Debt / equity: -3.44
Net debt: ₹5.24 Cr
Interest cover: 5.67
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -8.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	1.68	2.41	2.49	2.84	2.60	2.75	2.55	2.77	2.67	—
	0.00	0.01	0.00	0.01	0.00	0.27	0.01	0.00	0.00	—
	1.69	2.41	2.49	2.84	2.61	3.02	2.56	2.77	2.67	—
	1.75	2.51	2.28	2.66	2.49	2.92	2.66	2.86	2.79	—
	1.19	1.15	1.09	1.31	1.30	1.54	1.38	1.56	1.44	—
	0.04	0.00	0.00	0.00	0.01	0.00	—	—	—	—
	0.54	0.69	0.55	0.58	0.55	0.70	0.54	0.53	0.50	—
	0.06	0.03	0.02	0.02	0.02	-0.04	0.06	0.05	0.05	—
	0.15	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	—
	0.23	0.49	0.51	0.65	0.56	0.63	0.56	0.56	0.62	—
	-0.07	-0.10	0.21	0.18	0.12	0.10	-0.10	-0.09	-0.12	—
	0.00	0.00	0.00	0.00	0.00	0.02	—	0.07	0.19	—
	-0.07	-0.10	0.21	0.18	0.12	0.11	-0.10	-0.02	0.07	—
	0.00	0.00	-0.01	0.06	0.00	0.11	0.00	0.05	—	—
	-0.07	-0.09	0.22	0.12	0.12	0.01	-0.10	0.03	0.07	—
	-0.11	-0.17	0.36	0.31	0.21	0.20	-0.17	-0.03	0.12	—
Key metrics
	0.14	0.04	0.34	0.31	0.25	0.18	0.07	0.14	0.23	—
	8.30%	1.70%	13.70%	10.90%	9.60%	6.50%	2.70%	5.10%	8.60%	—
	-4.20%	-3.70%	8.80%	4.20%	4.60%	0.40%	-3.90%	1.10%	2.60%	—
	—	14.90%	—	-142.90%	—	-17.10%	—	—	—	—
	-35.40%	-12.40%	-2.40%	2.50%	-2.60%	—	—	—	—	—
	-158.30%	-1,000.00%	320.00%	300.00%	71.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9.42	10.34	10.73	—
	0.02	0.02	0.29	—
	9.43	10.36	11.02	—
	9.20	9.94	11.23	—
	4.74	4.85	5.91	—
	0.04	0.01	0.00	—
	2.36	2.38	2.27	—
	0.13	0.09	0.12	—
	0.48	0.44	0.44	—
	1.88	2.20	2.38	—
	0.22	0.42	-0.21	—
	0.00	0.00	0.28	—
	0.22	0.42	0.07	—
	0.05	0.05	0.06	—
	0.18	0.36	0.01	—
	0.39	0.72	0.12	—
Key metrics
	0.83	0.95	0.63	—
	8.81%	9.20%	5.90%	—
	1.91%	3.50%	0.10%	—
	—	-108.50%	-46.30%	—
	-11.72%	-3.60%	—	—
	200.00%	3,500.00%	—	—
	—	-0.63	0.01	—
	—	-0.33	4.00	—
	—	-3.44	-2.60	—
	—	5.24	5.03	—
	—	-8.8	-19.7	—
Balance sheet
	—	13.89	14.27	—
	—	2.09	2.41	—
	—	0.03	0.10	—
	—	1.24	1.44	—
	—	0.82	0.87	—
	—	0.01	0.00	—
	—	11.20	11.43	—
	—	2.31	2.89	—
	—	14.36	14.68	—
	—	5.27	5.13	—
	—	5.27	5.07	—
	—	0.00	0.06	—
	—	-1.53	-1.97	—
Cash flow
	—	-0.12	0.04	—
	—	-0.23	-0.03	—
	—	0.27	-0.13	—
	—	0.51	0.03	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -11.72%
Profit YoY (TTM): +200.00%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 45.78%

Quarter	September 2026	June 2026
Promoter %	45.78%	45.78%

Holder	Type	Holding	Previous	Change
NIHAL CHANDRAKANT GARWARE	Promoter	39.16%	39.16%	0.00%
NICHE FINANCIAL SERVICES PVT LTD	Public	3.50%	3.85%	-0.35%
SHASHIKANT BHALCHANDRA GARWARE	Promoter	2.15%	2.15%	0.00%
SUSHMA ASHOK GARWARE	Promoter	2.14%	2.14%	0.00%
ANITA CHANDRAKANT GARWARE	Promoter	2.11%	2.11%	0.00%
VAYU RAMESH GARWARE	Public	1.80%	—	—
ADITYA ASHOK GARWARE	Public	1.51%	1.51%	0.00%
DIYA GARWARE IBANEZ	Public	1.51%	—	—
SHASHVAT INVESTMENTS CONSULTANCY AND PROPERTIES PRIVATE LIMITED	Public	1.51%	1.51%	0.00%
SHYAMA GOYAL	Public	1.22%	—	—
MONIKA . GARWARE	Promoter	0.22%	0.22%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Redington Limited	28,660	366.60	18.17	19.00%	+31.26% TTM	-17.17% TTM	+46.46%
MMTC Ltd.	8,025	53.50	17.94	21.60%	-19.71% TTM	+355.55% TTM	-20.53%
MSTC Limited	4,106	583.25	17.52	31.80%	+21.02% TTM	-44.88% TTM	+6.22%
CREATIVE NEWTECH LIMITED	2,094	1,394.20	25.97	26.40%	—	—	—
Pervasive Commodities Limited S	1,137	12.62	74.24	0.00%	+111.30% TTM	+197.12% TTM	—
BN AGROCHEM LIMITED	1,117	114.20	65.40	4.20%	+84.51% TTM	-60.97% TTM	-68.29%
RRP DEFENSE LIMITED S	802	584.75	-330.37	-8.00%	+39.37% TTM	-364.13% TTM	-35.71%
The Yamuna Syndicate Ltd	750	24,400.00	8.22	0.30%	+11.33% TTM	-16.43% TTM	-32.22%
Shiv Aum Steels Limited	741	545.00	—	—	—	—	—
Riddhi Siddhi Gluco Biols Ltd	636	670.90	-27.71	2.80%	-37.98% TTM	+38.40% TTM	+20.31%
State Trading Corporation of India	624	104.00	—	-16.70%	—	—	-21.92%
Arvaya Healthcare Limited S	569	118.45	-311.71	-2.10%	-47.37% TTM	-2,742.86% TTM	+148.22%
Oswal Agro Mills Ltd.	548	40.86	-15.96	1.50%	-99.98% TTM	-127.15% TTM	-46.29%
SMT ENGINEERING LIMITED	459	254.15	18.72	24.80%	+248.17% TTM	+377.43% TTM	+169.03%
Filtron Engineers Ltd. S	451	71.04	1,420.80	0.30%	-100.00% TTM	+363.64% TTM	+67.00%
Kothari Products Ltd.	364	61.00	18.72	1.60%	+7.57% TTM	+124.93% TTM	-32.00%
Balgopal Commercial limited	337	145.00	-62.76	-12.50%	-96.08% TTM	-231.62% TTM	-35.47%
PIPAN OILS LIMITED S	323	184.25	-118.11	-191.70%	—	-1,342.11% TTM	+35.19%
VEGA JEWELLERS LIMITED S	315	61.95	10.45	31.50%	+465.43% TTM	+873.55% TTM	+60.24%
Novalum Materials Limited S	307	46.74	274.94	7.70%	+290.48% TTM	+239.39% TTM	+36.63%
Sakuma Exports Ltd.	285	1.82	26.72	1.80%	-13.44% TTM	-0.93% TTM	-34.53%
Parshva Enterprises Limited	254	249.05	950.47	3.60%	+0.24% TTM	+8.33% TTM	+32.09%
Polo Queen Industrial and Fintech Limited	253	7.54	110.89	2.50%	-2.02% TTM	-15.56% TTM	-79.87%
Sicagen India Limited	225	56.94	8.91	7.40%	+29.43% TTM	+50.03% TTM	-9.42%
Chandrima Mercantiles limited S	218	6.55	-163.75	4.30%	-69.52% TTM	-134.73% TTM	-34.63%
Garware Synthetics Ltd. S	12	21.50	71.67	-108.50%	-11.72% TTM	+200.00% TTM	-8.74%

Filings & corporate actions

Recent announcements

Submission of Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
SCRUTINIZERS REPORT FOR THE AGM HELD ON 30TH SEPTEMBER 2026.30 Sep 2026 · AGM/EGM / AGM
Proceedings of AGM held on 30th September 2026 through VC.30 Sep 2026 · AGM/EGM / AGM
Submission of Intimation of Closure of Trading Window for the Quarter ended 30.09.2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Newspaper Clipping published on September 05, 2029.5 Sep 2026 · Company Update / Newspaper Publication
Submission of 57th Annual Report of the Company for the year ended 31st March, 2026.4 Sep 2026 · Others / Reg. 34 (1) Annual Report
Submission of Notice of 57th Annual General Meeting of the Company4 Sep 2026 · AGM/EGM / AGM
Submission of Book closure for the purpose of AGM.24 Aug 2026 · Corp. Action / Book Closure
Submission of intimation of Record date for the purpose of AGM.24 Aug 2026 · Corp. Action / Record Date
Submission of Outcome of Board meeting24 Aug 2026 · Others / Outcome without intimation
Submission of newspaper Clipping published on 7th August, 2026.7 Aug 2026 · Company Update / Newspaper Publication
Appointment of A G Mehta (Membership : F1572) as Company Secretary and Compliance officer of the Company w.e.f 06th August, 2026.6 Aug 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Submission of Un-Audited Financial Results for the Quarter ended 30th June, 2026.6 Aug 2026 · Result / Financial Results
Submission of Outcome along with Un-Audited Financial Results and Limited Review Report for the Quarter ended 30th June, 2026.6 Aug 2026 · Board Meeting / Outcome of Board Meeting
Garware Synthetics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve 1. Un-audited Financial ....31 Jul 2026 · Board Meeting / Board Meeting
Submission of Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018.11 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of intimation of closure of trading window for the Quarter ended June 30, 2026.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Revised Audited Financial Results for the Quarter and Year ended 31.03.2026.1 Jun 2026 · Result / Financial Results
Submission of Newspaper Clipping for Audited Financial Results.1 Jun 2026 · Company Update / Newspaper Publication
Submission of Results for the Quarter and Year ended 31.03.2026.30 May 2026 · Result / Financial Results
Submission of Outcome of Board meeting30 May 2026 · Board Meeting / Outcome of Board Meeting
Garware Synthetics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve 1. To consider & approve ....22 May 2026 · Board Meeting / Board Meeting
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''> <tr> <td>Sr. No.</td> <td>Particulars</td> ....17 Apr 2026 · Others / Format of the Annual Disclosure to be made by an entity identified as a LC : Annexure B2
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....17 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Submission of Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018.2 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of resignation of Swati Shah as Company Secretary and Compliance Officer.31 Mar 2026 · Company Update / Cessation
Submission of Reg 30 for resignation of Swati Shah as Company Secretary and Compliance Officer of the Company.31 Mar 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Submission of Closure of Trading window for the Quarter ended 31st March, 202623 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Chairman declaration.28 Feb 2026 · AGM/EGM / EGM
Submission of Scrutinizer Report28 Feb 2026 · AGM/EGM / EGM
Submission of Change in designation of Mrs. Sheetal Sawant.28 Feb 2026 · Company Update / Change in Directorate
Submission of Scrutinizer Report for the EGM.28 Feb 2026 · AGM/EGM / EGM
Submission of proceedings of Extra Ordinary General Meeting.28 Feb 2026 · AGM/EGM / EGM
Submission of newspaper clipping published on 03.02.2026.3 Feb 2026 · Company Update / Newspaper Publication
Submission of notice of EGM to be held on 28.02.2026.2 Feb 2026 · AGM/EGM / EGM
Submission of intimation of record date for EGM.2 Feb 2026 · Corp. Action / Record Date
Submission of intimation of Book closure for EGM.2 Feb 2026 · Corp. Action / Book Closure
Submission of outcome of Board Meeting2 Feb 2026 · Others / Outcome without intimation
Submission of Newspaper Clipping published on 31.01.2026.31 Jan 2026 · Company Update / Newspaper Publication
Submission of Un-Audited Financials for the Quarter ended 31.12.2025.30 Jan 2026 · Result / Financial Results

Board meetings

6 Aug 2026 Board Meeting - Financial Results