MarketFriction

Banswara Syntex Ltd

NSE BANSWRAS · BSE 503722 · Other Textile Products
₹105.10 -3.23%
NSE close2026-10-01
52 week range93.73 - 144.00
Market cap₹368 Cr.
P/E8.77
Price band 20% Delivery 71.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales315.71302.34343.39270.95342.61338.89340.08305.97344.71339.95365.65315.83
Expenses288.28277.01321.72254.43317.09305.25314.64288.34314.62302.15322.59293.67
Operating Profit27.4325.3321.6716.5225.5233.6425.4417.6330.0937.8043.0622.16
OPM %8.69%8.38%6.31%6.10%7.45%9.93%7.48%5.76%8.73%11.12%11.78%7.02%
Other Income2.893.869.164.253.042.807.444.353.615.03-4.067.54
Interest7.617.367.928.109.3710.8011.3210.7610.5510.7410.509.87
Depreciation10.7210.8411.2811.3112.0112.1212.4913.0413.5613.4213.1813.73
Profit before tax11.9910.9911.631.367.1813.529.07-1.829.5918.6715.326.10
Tax %23.94%24.02%27.17%17.65%30.08%25.00%35.28%-24.73%26.17%25.01%25.00%24.43%
Net Profit9.138.368.481.125.0210.145.87-1.377.0814.0011.494.61
EPS in Rs2.672.442.480.331.472.961.71-0.402.074.093.361.35
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2671,2401,2921,3511,2907871,1901,4991,2641,2931,3561,366
Expenses1,1041,1071,1821,2311,1457111,0721,3011,1631,1911,2281,233
Operating Profit16313411012014476118197101101129133
OPM %13%11%9%9%11%10%10%13%8%8%9%10%
Other Income11131811132020162018912
Interest706359564933253230404342
Depreciation615858555146424143485354
Profit before tax4426112057177114147314250
Tax %38%25%26%-24%7%15%36%20%25%29%25%
Net Profit271982453154611336223137
EPS in Rs8.035.592.467.1215.584.2413.3432.9310.386.479.1110.87
Dividend Payout %12%9%20%7%5%18%9%9%10%15%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%12%-3%3%
Compounded Profit Growth3%25%-30%114%
Stock Price CAGR3%7%-10%-16%
Return on Equity9%10%6%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161717171717171717171717
Reserves206231244251277324340382492518542568
Borrowings634562561538472321227262373355454475
Other Liabilities223231237265220190162222186180183212
Total Liabilities1,0791,0411,0591,0729868527468821,0691,0701,1971,272
Fixed Assets516485486460418374338314370424521555
CWIP108650112922202030
Investments11233333681014
Other Assets552547564604565474405536671618646673
Total Assets1,0791,0411,0591,0729868527468821,0691,0701,1971,272
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity183173140106137208132542014277118
Cash from Investing Activity-48-26-61-25-10-7-3-48-99-90-137-95
Cash from Financing Activity-151-143-82-85-123-206-126575-5855-25
Net Cash Flow-165-2-44-5411-4-6-5-2
Free Cash Flow13814779771282021246-8048-6323
CFO/OP136%111%114%103%117%152%178%65%32%158%87%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days414747524440533952605766
Inventory Days195172223198169155207213195190226208
Days Payable82759911078681078255566155
Cash Conversion Cycle154145171139135127154170192194222218
Working Capital Days-5-3-25720724244545145
ROCE %11%14%11%8%10%15%7%15%22%9%7%9%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.11%54.37%54.37%54.27%54.22%54.19%54.19%54.19%54.19%54.19%54.19%54.19%
FIIs8.40%8.93%8.90%8.91%8.89%8.49%8.36%8.61%8.50%8.37%7.91%7.92%
Public35.50%36.70%36.74%36.83%36.89%37.31%37.44%37.19%37.30%37.43%37.90%37.89%
No. of Shareholders14,76615,34215,14714,38214,46713,53013,36612,81011,52912,14011,74111,102

Fundamentals

Market Cap₹ 368 Cr.
Current Price₹ 107
Stock P/E8.77
Book Value₹ 171
ROCE8.98 %
ROE6.53 %
Dividend Yield0.93 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)114%
Consolidated figures.
Valuation
Market capRs 360 Cr
Enterprise valueRs 825 Cr
P/E (TTM)9.68x
Price to book0.62x
Price to sales0.26x
EV / EBITDA5.68x
EV / EBIT9.04x
EV / sales0.60x
Price to cash flow3.05x
Earnings yield10.33%
Dividend yield0.95%
P/E, 3-year average14.39x
P/B, 3-year average0.74x
P/E, 5-year average10.17x
P/B, 5-year average0.70x
Profitability
Operating margin (excl. other income)9.48%
Operating margin (incl. other income)10.14%
EBITDA margin10.63%
Pre-tax margin3.64%
Net profit margin2.72%
Net margin, latest quarter1.46%
ROE5.45%
ROCE8.13%
ROA2.53%
ROE, 3-year average5.44%
ROCE, 3-year average8.09%
ROA, 3-year average2.60%
ROE, 5-year average10.64%
ROCE, 5-year average12.41%
ROA, 5-year average4.99%
ROIC (approx.)6.50%
Tax rate25.29%
Other income / net worth1.53%
Growth
Sales growth (latest year)4.93%
Profit growth (latest year)40.79%
Sales CAGR, 3 years-3.28%
Sales CAGR, 5 years11.51%
Profit CAGR, 3 years-34.83%
Profit CAGR, 5 years16.55%
Sales growth QoQ-13.63%
Profit growth QoQ-59.88%
Sales growth YoY (latest quarter)3.22%
Per share
EPS (TTM)Rs 10.86
EPS (latest year)Rs 9.11
EPS (latest quarter)Rs 1.35
EPS, 3-year averageRs 8.66
EPS, 5-year averageRs 17.11
Book value per shareRs 170.87
Sales per shareRs 399.08
Cash flow per shareRs 34.47
Free cash flow per shareRs 6.72
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.70
Dividends
Dividend payout10.96%
Dividend payout, 3-year average12.01%
Dividend payout, 5-year average10.90%
Efficiency
Asset turnover1.07x
Fixed asset turnover2.44x
Inventory turnover2.70x
Inventory days135 days
Debtor days66 days
Debtors turnover5.57x
Creditor days55 days
Cash conversion cycle218 days
Working capital days45 days
Leverage
Total debtRs 475 Cr
Cash and bankRs 9 Cr
Net debtRs 466 Cr
Debt to equity0.81x
Net debt / EBITDA3.21x
Interest coverage2.19x
Owners' fund to total sources45.98%
Debt to assets37.34%
Cash flow
Cash from Operating Activity (latest year)Rs 118 Cr
Cash from Investing Activity (latest year)Rs -95 Cr
Cash from Financing Activity (latest year)Rs -25 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 23 Cr
FCFE (approx.: FCF + change in debt)Rs 44 Cr
Cash from ops / profit, 5 years1.66x
Sales to cash flow11.49x
Statement figures
Net sales (TTM)Rs 1,366 Cr
Net sales (latest year)Rs 1,356 Cr
Sales (latest quarter)Rs 316 Cr
Operating profit excl. other income (latest year)Rs 129 Cr
Operating profit (latest quarter)Rs 22 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 145 Cr
PBDT (TTM)Rs 104 Cr
Profit before tax (TTM)Rs 50 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 37 Cr
Net profit (latest year)Rs 31 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 54 Cr
Depreciation (latest quarter)Rs 14 Cr
Interest (TTM)Rs 42 Cr
Cost of goods sold (latest year)Rs 819 Cr
Total expenditure (latest year)Rs 1,228 Cr
Total income (latest year)Rs 1,365 Cr
Share capitalRs 17 Cr
ReservesRs 568 Cr
Shareholders' fundsRs 585 Cr
Total assetsRs 1,272 Cr
Net blockRs 555 Cr
Capital work in progressRs 30 Cr
InvestmentsRs 14 Cr
ReceivablesRs 244 Cr
InventoryRs 303 Cr
Other liabilitiesRs 212 Cr
Shares outstanding (crore)3.42
Ownership
Promoter holding54.19% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 9.7 is at the 42th percentile of its own 9.4-year range (median 11.8, low 2.0, high 34.1).
P/B 0.62 is at the 29th percentile (median 0.78).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBANSWRASNifty 50Difference
1 week-3.9%-2.8% -1.1 pts
1 month-9.0%-6.8% -2.2 pts
3 months-20.7%-7.6% -13.1 pts
6 months+9.4%+0.4% +9.0 pts
1 year-20.0%-9.9% -10.1 pts
2 years-27.1%-13.6% -13.5 pts
3 years-29.4%+14.2% -43.5 pts
5 years+30.7%+27.9% +2.8 pts

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹316 Cr +3.2% vs Jun 2025. Net profit ₹5 Cr +436.5%.
Against our estimate for Jun 2026: sales -0.7%, profit -44.2% miss. Our estimate for Sep 2026: sales Rs 363 Cr, profit Rs 9 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-23Dividend - Re 1 Per Share
2025-07-23Dividend - Re 1 Per Share
2024-07-30Annual General Meeting/Dividend - Re 1 Per Share
2023-07-28Annual General Meeting/Dividend - Rs 3 Per Share
2022-09-08Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2022-07-21Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 1.50 Per Share
2020-09-10 Annual General Meeting
2020-02-27 Interim Dividend - Rs 1.50 Per Share
2019-09-19 Annual General Meeting/Dividend - Re 1 Per Share
2018-09-14 Annual General Meeting/Dividend Re 1 Per Share
2017-09-06 Annual General Meeting/Dividend - Re 1/- Per Share
2016-08-18 Annual General Meeting/ Dividend - Rs 2/- Per Share (Book Closure End Date Revised)
2015-09-03Annual General Meeting/Dividend Re 1/- Per Share
2014-09-04Annual General Meeting/Dividend Rs.3/- Per Share
2013-08-14Annual General Meeting/Dividend Rs 1.50/- Per Share
2012-08-02Annual General Meeting And Dividend Rs. 1.50/- Per Share
2011-07-28Annual General Meeting And Dividend Rs.3/- Per Share
2010-11-04Interim Dividend-Rs.2/- Per Share
2010-08-05Annual General Meeting And Final Dividend Rs.2/- Per Share
2010-01-14Int Div-Rs.1.50 Per Share
2009-08-06Agm/Div-Rs.1.80 Per Share
2008-09-04Agm/Dividend - 12%
2007-08-02Agm/Dividend-20%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-01-28CESTATBANSWARA SYNTEX LTD ---VS.--- COMMISSIONER, CGST-UDAIPUR
2020-01-28CESTATCOMMISSIONER, CENTRAL EXCISE-UDAIPUR ---VS.--- BANSWARA SYNTEX LTD
2020-01-24CESTATBANSWARA SYNTEX LTD ---VS.--- UDAIPUR
2019-12-02CESTATBANSWARA SYNTEX LTD ---VS.--- COMMISSIONER, CGST-UDAIPUR
2019-12-02CESTATCOMMISSIONER, CENTRAL EXCISE-UDAIPUR ---VS.--- BANSWARA SYNTEX LTD
2019-10-23CESTATBANSWARA SYNTEX LTD ---VS.--- UDAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Banswara Syntex Ltd?

Banswara Syntex Ltd (BANSWRAS) has a market capitalisation of Rs 368 Cr. at the 2026-10-01 close.

What is the P/E ratio of Banswara Syntex Ltd?

Banswara Syntex Ltd trades at a P/E of 8.77 on trailing twelve-month profit, at the 2026-10-01 close.

What were Banswara Syntex Ltd's latest quarterly results?

In the Jun 2026 quarter, Banswara Syntex Ltd sales was Rs 316 Cr (+3.2% vs Jun 2025) and net profit was Rs 5 Cr.

What is the 52-week high and low of Banswara Syntex Ltd?

The 52-week high is Rs 144.00 and the 52-week low is Rs 93.73.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03