Garware Synthetics quarterly results and financials

Garware Synthetics (BSE 514400)₹21.84−0.73%(9 Nov 2026 close)Trading & Distributors

Key facts

In the Mar 2026 quarter (standalone), Garware Synthetics reported sales of ₹2.40 Cr, down 12.4% from Mar 2025, and net profit of −₹0.08 Cr. For the year to Mar 2026, sales were ₹10.30 Cr and net profit ₹0.35 Cr.

Sales (Mar 2026): ₹2.40 Cr
Net profit (Mar 2026): −₹0.08 Cr
Sales (FY Mar 2026): ₹10.30 Cr
Net profit (FY Mar 2026): ₹0.35 Cr
EPS (Mar 2026): ₹−0.16
Borrowings (Mar 2026): ₹5.43 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Garware Synthetics quarterly results

₹ crore unless stated; each column is a quarter.

Garware Synthetics Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	2.88	2.46	2.71	2.60	2.66	2.76	2.54	2.74	2.59	2.83	2.48	2.40
Expenses	2.66	2.40	2.55	2.75	2.64	2.71	2.50	2.87	2.36	2.54	2.16	2.39
Operating Profit	0.23	0.07	0.17	−0.12	0.03	0.06	0.05	−0.10	0.24	0.30	0.33	0.02
OPM %	8.3%	3.3%	6.7%	−5.0%	1.5%	2.5%	2.4%	−4.0%	9.6%	10.9%	13.7%	1.3%
Other Income	0.00	0.02	0.00	0.29	0.18	0.06	0.02	0.28	0.00	0.00	0.00	0.02
Interest	0.10	0.18	0.06	0.06	0.06	0.06	0.07	−0.05	0.03	0.03	0.03	0.04
Depreciation	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12
Profit before tax	0.03	−0.18	0.03	0.00	0.06	−0.01	−0.11	0.12	0.13	0.17	0.20	−0.09
Tax %	175.0%	5.2%	−100.0%	−1,600.0%	0.0%	−250.0%	0.0%	90.9%	0.0%	33.3%	−4.8%	−10.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−0.02	−0.19	0.02	0.13	0.06	0.02	−0.09	0.00	0.11	0.11	0.21	−0.08
EPS (Rs)	−0.06	−0.35	0.06	0.25	0.13	0.06	−0.18	0.03	0.22	0.22	0.39	−0.16

Garware Synthetics profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Garware Synthetics Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7.87	8.51	9.57	10.61	9.08	8.24	12.65	11.36	10.66	10.68	10.30	10.30
Expenses	7.82	8.12	9.12	10.62	8.82	7.22	11.74	10.56	10.33	10.69	9.43	9.45
Operating Profit	0.08	0.42	0.49	0.02	0.29	1.05	0.96	0.84	0.37	0.04	0.92	0.89
OPM %	1.2%	5.1%	5.2%	0.3%	3.3%	12.8%	7.7%	7.5%	3.6%	0.5%	9.0%	8.6%
Other Income	0.28	0.29	0.00	−1.19	0.00	0.00	0.45	0.31	0.30	0.56	0.03	0.02
Interest	0.15	0.17	0.10	0.21	0.10	0.44	0.60	0.34	0.38	0.12	0.10	0.13
Depreciation	0.03	0.03	0.03	0.04	0.04	0.03	0.27	0.48	0.45	0.45	0.45	0.48
Profit before tax	0.21	0.54	0.38	−1.39	0.17	0.60	0.55	0.34	−0.13	0.08	0.41	0.41
Tax %	27.2%	11.3%	10.3%	0.0%	38.9%	4.9%	58.9%	−62.9%	−71.4%	71.4%	11.9%	—
Exceptional items	0.00	0.00	0.00	−2.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.16	0.46	0.33	−1.36	0.10	0.57	0.22	0.57	−0.04	0.00	0.35	0.35
EPS (Rs)	0.30	0.82	0.60	−2.37	0.20	1.01	0.41	1.01	−0.10	0.03	0.63	0.67
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Garware Synthetics balance sheet

₹ crore, at each year end.

Garware Synthetics Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.79	5.79	5.79	5.79	5.80	5.79	5.79	5.80	5.79	5.79	5.79	5.79
Reserves	−8.25	−8.08	−7.62	−7.27	−8.64	−8.54	−7.95	−8.35	−7.76	−7.87	−7.77	−7.33
Borrowings	4.59	4.53	4.43	10.18	12.45	12.94	12.45	12.02	5.97	5.40	5.23	5.43
Other Liabilities	10.53	10.49	10.40	4.92	4.07	3.18	3.46	7.52	11.38	11.26	11.05	10.04
Total Liabilities	12.66	12.73	13.00	13.62	13.68	13.37	13.75	16.99	15.38	14.58	14.30	13.93
Fixed Assets	10.47	10.47	10.46	10.55	10.51	10.49	10.49	13.59	12.33	11.89	11.47	11.25
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.19	2.26	2.54	3.07	3.17	2.88	3.26	3.40	3.05	2.69	2.83	2.68
Inventories	0.81	0.82	1.14	1.18	1.13	1.05	1.04	1.02	0.88	0.86	0.86	0.81
Trade receivables	0.79	0.93	0.88	1.29	1.17	1.09	1.46	1.67	1.46	1.26	1.43	1.23
Cash & equivalents	0.12	0.03	0.11	0.24	0.26	0.17	0.05	0.14	0.25	0.23	0.11	0.04
Total Assets	12.66	12.73	13.00	13.62	13.68	13.37	13.75	16.99	15.38	14.58	14.30	13.93

Garware Synthetics cash flow

₹ crore, for each year.

Garware Synthetics Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−0.03	0.13	0.25	0.24	−1.78	−0.51	0.40	1.32	0.56	0.38	0.03	−0.11
Cash from investing activity	0.04	−0.03	0.06	−0.05	0.00	0.00	0.00	−0.63	0.00	0.00	−0.02	−0.22
Cash from financing activity	0.00	−0.19	−0.25	−0.04	1.80	0.42	−0.51	−0.59	−0.45	−0.39	−0.12	0.11
Net cash flow	0.00	−0.09	0.07	0.12	0.03	−0.10	−0.11	0.08	0.12	−0.01	−0.11	−0.22
Capex	0.02	0.03	0.00	0.11	0.00	0.00	0.02	0.65	0.00	0.00	0.02	0.52
Free cash flow	−0.04	0.11	0.25	0.14	−1.78	−0.51	0.39	0.68	0.56	0.38	0.00	−0.35
CFO / OP %	33.0%	244.0%	73.9%	56.0%	−5,967.1%	−153.1%	44.0%	136.9%	59.0%	137.0%	160.0%	−12.1%

Garware Synthetics ratios

Working-capital days and returns, by year.

Garware Synthetics Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	35	42	37	48	39	43	64	47	46	42	48	43
Inventory days	62	73	97	85	70	83	103	53	51	57	54	63
Days payable	209	236	239	138	122	143	168	117	116	146	177	176
Cash conversion cycle	−111	−120	−104	−4	−12	−16	0	−15	−19	−46	−74	−69
Working capital days	−173	−171	−143	−71	−44	−27	−577	−378	−220	−228	−422	−430
ROCE %	41.5%	6.4%	26.8%	8.5%	3.6%	2.7%	10.1%	10.5%	6.8%	−1.4%	−3.1%	14.2%

Garware Synthetics: frequently asked questions

What are the latest quarterly results of Garware Synthetics?

For the Mar 2026 quarter, Garware Synthetics reported sales of ₹2.40 Cr, down 12.4% year on year and net profit of −₹0.08 Cr. The operating margin was 1.3%.

What is the annual revenue of Garware Synthetics?

Garware Synthetics' sales for the year to Mar 2026 were ₹10.30 Cr; over the last twelve months they were ₹10.30 Cr.

What is the net profit of Garware Synthetics?

Net profit for the year to Mar 2026 was ₹0.35 Cr, and ₹0.35 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.67.

How much debt does Garware Synthetics have?

Garware Synthetics reported borrowings of ₹5.43 Cr at Mar 2026, against cash and equivalents of ₹0.04 Cr.

What is the free cash flow of Garware Synthetics?

Cash from operations was −₹0.11 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.35 Cr.

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