AYM Syntex Limited is an India-based company engaged in the manufacturing of multi-polymer and specialty synthetic yarns. Incorporated on March 31, 1983, (originally as Kothari Leasing, later Welspun Syntex, and finally AYM Syntex Ltd. from December 18, 2015), the company is a leading manufacturer and exporter of Polyester Filament Yarn, Nylon Filament Yarn, and Bulk Continuous Filament (BCF) yarns from India.
AYM Syntex Ltd. specializes in multi-polymer technical yarns, catering to diverse applications such as fashion textiles, automotive interiors, and various industrial sectors. The company benefits from experienced leadership with strong backgrounds in textiles and manufacturing engineering.
The company produces a wide range of polyester, nylon six, polypropylene, and polyester microfiber yarns. These are utilized for numerous applications, including carpets, rugs, mats, residential wall-to-wall installations, contract/hospitality sectors, outdoor furnishings, handmade carpets, bathmats, carpet tiles, automotive products, fashion and apparel (sarees, dress materials, hosiery, socks), home and medical textiles, narrow fabrics, and sportswear.
AYM Syntex's extensive product portfolio includes:
- BCF Yarns: Rezilia, Sorenyl, Ecose, Comfeel, Sparkle, Polycycle, Polymagic, Wonderfeel, Polywonder, Greenova, Silkenza, Synergy, and Opulenz.
- Textile Yarns: Synthetic solution dyed yarn, synthetic package dyed yarn, mother fully drawn yarn (FDY), mono yarn, highly oriented yarn (HOY), partially oriented yarn (POY), draw texturized yarn (DTY), air textured yarn (ATY), air covered yarn (ACY), recycled yarn, high tenacity yarn, and raw white.
The company markets its products under various brands, including Comfeel, Elior, Polycycle, Arcticool, Spinovate, Silque, Ultraflex, Assura, Sorenyl, Rezilia, Ecose, Silkenza, Greenova, Polymagic, Sparkle, Wonderfeel, Polywonder, Synergy, and Opulenz.
AYM Syntex Ltd. operates its multipolymer textile and BCF yarn manufacturing facility in Silvassa. The company established a texturizing unit in Silvassa in 1988. Another unit is located at Palghar (Thane district), Maharashtra.
In 2020-21, the company installed a solar power generation capacity of 850 KWP at its Silvassa Plant, demonstrating a commitment to sustainable energy. A new plant at Naroli was also commissioned during 2020. Further expanding its corporate structure, AYM Textiles Pvt Ltd. was incorporated as a new Wholly Owned Subsidiary (WOS) Company effective June 27, 2022.
For the financial year ended March 2025, AYM Syntex Ltd. reported a significant increase in net profit, which rose 472.91% to ₹11.63 crore, compared to ₹2.03 crore in the previous year (March 2024). Sales also saw healthy growth, increasing by 9.63% to ₹1489.00 crore in FY2025, up from ₹1358.16 crore in FY2024.
However, the most recent quarter (Q4 FY2025) presented some challenges:
- Net Profit: Declined 89.56% to ₹2.02 crore in Q4 FY2025, compared to ₹19.35 crore in Q4 FY2024.
- Sales: Declined 3.55% to ₹360.62 crore in Q4 FY2025, compared to ₹373.89 crore in Q4 FY2024.
- Market Capitalization: ₹1373.43 Crore (as of 3rd July 2025)
- P/E Ratio: 118.09
- P/B Ratio: 3.24
- Classification: Small Cap company (as per Value Research)
- Historical Stock Performance: All-time high of ₹326.11 on Dec 12, 2024; all-time low of ₹13.15 on Mar 27, 2020.
- Annual Revenue Growth: 9.4% CAGR over the last 12 years.
- EBITDA Growth: 11.9% CAGR over the last 12 years.
- Export Contribution: Exports as a percentage of Revenue show a 47.48% increase in share over the last 12 years.
- Promoter Holding: 65.99% as of Mar 2025 (down from 73.40% as of Sep 2024).
AYM Syntex Ltd. stands as a key player in India's synthetic yarn manufacturing industry, boasting strong export capabilities and a diverse product portfolio across multiple applications.
Investment Considerations:
- The company has reduced its debt, which is a positive sign for financial health.
- However, it currently exhibits a low interest coverage ratio.
- The company has delivered a modest sales growth of 7.69% over the past five years.
Despite some challenges in recent quarterly performance, AYM Syntex Ltd.'s long-term growth trajectory in revenue and EBITDA, coupled with its strong market position and diversified product offerings, positions it as an important entity within the Consumer Discretionary sector and the Textiles sub-sector.
