Incorporated in 1976 and headquartered in Mumbai, India, Banswara Syntex Ltd is engaged in the production of textile products and captive power generation. BSL is a vertically integrated textile company, specializing in the production of yarn, fabric, and readymade garments.
The Company is engaged in the business of manufacturing and marketing of spun synthetic blended yarn, wool and wool mix yarn, spun synthetic and worsted fabrics, cotton and linen fabrics, and readymade garments. It offers polyester, viscose, acrylic, wool, polyester/viscose wool, polyester/viscose lycra, polyester/viscose linen, and polyester/viscose twists yarns; cotton, worsted, jacquard, and knitted fabrics; and readymade garments, including trousers, jackets, and waistcoats.
Banswara Syntex operates as a comprehensive textile manufacturer with diverse product lines spanning the entire textile value chain. The Company also produces shirting and technical fabrics. Its featured products include performance finish fabric, technical fabric, automotive fabric, and fire-retardant fabric. The technical fabric is a textile product manufactured for non-aesthetic purposes, which are used in filter clothing, furniture, hygiene medicals, and construction materials.
The company also provides finish fabric; technical fabric for clothing, furniture, hygiene medicals, and construction applications; automotive fabric; and fire-retardant fabric used as curtains, upholstery, drapes, wall paneling, cushion covers, sheets, and as lining for tents, as well as for furnishing of auditoriums, multiplexes, cinema halls, hotels, railway coaches, airlines, ships and cruise, and buses and coaches. The Company manufactures fabrics for trimming interiors of automobile seats as well as door trims.
The company serves various international brands and has established partnerships with renowned global retailers. The brands of the company include Uniqlo, Calvin Klein, Marks and Spencer, Next, and others, showcasing its capability to meet international quality standards and design requirements.
As of March 2025, Banswara Syntex Ltd has a market capitalisation of Rs 464 crore, though recent data indicates the market cap at approximately Rs 485 crore. On a consolidated basis, Banswara Syntex Ltd reported a profit of Rs 10.14 crore on a total income of Rs 341.69 crore for the quarter ended 2024. For the year ended 2024, Banswara Syntex Ltd had posted a profit of Rs 35.54 crore on a total income of Rs 1,263.87 crore.
The company's recent quarterly performance shows consolidated Q1 FY2024 net profit at Rs. 9.58 crores with total income of Rs. 305.8267 crores during the period ended June 30, 2023. Looking at the broader financial metrics, the company has revenue of 1,293 Cr and profit of 22.2 Cr.
- Market Capitalization: ₹485 crore (as of latest data)
- Revenue (FY24): ₹1,263.87 crore
- Net Profit (FY24): ₹35.54 crore
- Q4 FY24 Revenue: ₹341.69 crore
- Q4 FY24 Net Profit: ₹10.14 crore
- Q1 FY24 Revenue: ₹305.83 crore
- Q1 FY24 Net Profit: ₹9.58 crore
The Banswara Syntex Ltd's 52-week high share price is ₹182.35 and 52-week low share price is ₹110.25. The company trades on both NSE and BSE exchanges with the ticker symbol BANSWRAS.
However, the company faces certain financial challenges. The company has a low interest coverage ratio and has delivered poor sales growth of 0.05% over the past five years. The company has a low return on equity of 11.0% over the last 3 years. Dividend payout has been low at 11.4% of profits over the last 3 years.
Promoter holding in Banswara Syntex Ltd has gone down to 54.19% as of Mar 2025 from 54.26% as of Jun 2024. This indicates a slight decline in promoter confidence, though the promoters still maintain a majority stake in the company. Promoter holding has decreased over the last 3 years (-4.54%), showing a gradual reduction in promoter shareholding over time.
Banswara Syntex Ltd's top 5 peers in the Industrials sector are Vishal Fabrics, Nandan Denim, Raghuvir Synth, Banswara Syntex, A K Spintex, Rudra Ecovation. The company operates in the competitive textile manufacturing space where it competes with other integrated textile players.
The company's manufacturing facilities are strategically located, with operations spanning across different textile processes from yarn production to finished garments. This vertical integration allows Banswara Syntex to maintain better control over quality and costs while serving diverse market segments from basic textiles to specialized technical fabrics for automotive and industrial applications.
Banswara Syntex continues to focus on expanding its product portfolio and maintaining relationships with international brands while working to improve its financial metrics and operational efficiency in the challenging textile industry environment.
