Banswara Syntex Ltd
NSE:BANSWRAS
Banswara Syntex Ltd
Banswara Syntex Ltd. is a holding company. The company is headquartered in Mumbai, Maharashtra and currently employs 13,326 full-time employees. The firm specializes in the production of yarn, fabric and readymade garments. The firm manufactures various types of yarns, such as polyester, viscose, acrylic, wool, polyester/viscose (P/V), P/V/wool, P/V/lycra, P/V/linen and P/V/high twists. The firm also specializes in the production of tailored clothing, such as trousers, jackets and waistcoats. The firm's featured products include performance finish fabric, technical fabric, automotive fabric and fire retardant fabric. Its performance finish fabric includes B SUPER fabrics and B SMART fabrics. The company manufactures technical fabrics for a number of clients, including the Indian railway and Indian army. The company also manufactures fabrics for trimming interiors of modern automobile-seats as well as door trims. Its fire retardant fabric is used in curtains, upholstery, drapes, wall paneling, cushion covers and sheets and as lining for tents.
Banswara Syntex Ltd. is a holding company. The company is headquartered in Mumbai, Maharashtra and currently employs 13,326 full-time employees. The firm specializes in the production of yarn, fabric and readymade garments. The firm manufactures various types of yarns, such as polyester, viscose, acrylic, wool, polyester/viscose (P/V), P/V/wool, P/V/lycra, P/V/linen and P/V/high twists. The firm also specializes in the production of tailored clothing, such as trousers, jackets and waistcoats. The firm's featured products include performance finish fabric, technical fabric, automotive fabric and fire retardant fabric. Its performance finish fabric includes B SUPER fabrics and B SMART fabrics. The company manufactures technical fabrics for a number of clients, including the Indian railway and Indian army. The company also manufactures fabrics for trimming interiors of modern automobile-seats as well as door trims. Its fire retardant fabric is used in curtains, upholstery, drapes, wall paneling, cushion covers and sheets and as lining for tents.
Strong Margin Recovery: EBITDA for Q3 reached INR 42 crores, up 25% quarter-on-quarter, with EBITDA margin at 12.5%.
Profit Rebound: Q3 profit after tax jumped 89% quarter-on-quarter to INR 13.2 crores, recovering from a weak Q1.
Steady Revenue Growth: 9-month total income rose 4% year-on-year to INR 1,000 crores, and EBITDA grew 14%.
Export Opportunity: Management sees improved export prospects due to favorable FTAs, tariff reductions, and India's competitiveness, aiming to keep a 50-50 export-domestic mix.
Capacity & Expansion: Garment unit utilization at 65% due to transitional issues, with more capacity expected online in the next 4-5 months; no immediate greenfield expansion planned.
Premium Mix Focus: Company is increasing value-added and premium product share, targeting higher growth and better margins.
Debt & Deleveraging: Net debt increased to INR 495.1 crores due to capex and working capital, but deleveraging expected after ongoing projects complete.
