Garware Synthetics Limited - machinery and equipment in Mira Road, Maharashtra, India. FY 2026 financials & compliance.
CIN L99999MH1969PLC014371 Incorporated 01 September 1969 ROC Mumbai HQ Mira Road, Maharashtra, India
Active Listed - BSE: 514400 Public Limited Company machinery and equipment MSME · Small
Data last updated
Market Cap
₹10.95 Cr
GARWSYN · BSE
Share Price
₹18.85
0.00% today
Revenue
₹10.34 Cr
FY 2025-26 · -3.6% YoY
EBITDA
₹0.93 Cr
Margin 9.0%
Net Profit
₹0.37 Cr
FY 2025-26 · +268.2% YoY
P/E (TTM)
61.8x
P/B -
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.81 Cr
Issued & subscribed

About Garware Synthetics Limited

Data last updated:

Garware Synthetics Limited is a public limited company based in Mira Road, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 September 1969 and has been in existence for over 57 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1969PLC014371. Its GSTIN is 27AAACG4208M1ZL (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 514400.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.81 Cr. It was formerly known as Garware Synthetic Bristles Private Limited. It is led by directors including Sandip Keshav Pawar and Deepak Pandurang Kamble.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Manish Textiles Industrial Premises Opposite Golden Chemical Penkar Pada, Mira Road, Maharashtra, India – 401104.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹10.34 Cr, a decline of 3.6% compared to the previous year. For the same year it recorded a net profit of ₹37 Lakh (net margin 3.6%) and EBITDA of ₹93 Lakh (EBITDA margin 9%). Total assets are valued at ₹5 Cr (up 5.3% YoY).

The company has about 64 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Garware Synthetics Limited. As per MCA filings, the company has satisfied charges of ₹3.68 Cr on record. Court records list 55 cases involving the company, including 1 filed by the company and 54 filed against it; 5 cases are pending.

Garware Synthetics Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0194178). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garwaresyn.com.

Company details

CIN L99999MH1969PLC014371
Registration Number 014371
Incorporation Date 01 September 1969
ROC Mumbai
Listing Status Listed - Listed on BSE (514400)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0194178

CIN history

Garware Synthetics has one previous CIN (Corporate Identification Number): U99999MH1969PLC014371. The current CIN is L99999MH1969PLC014371, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L99999MH1969PLC014371Current
U99999MH1969PLC014371Previous

Recognitions & Rankings of Garware Synthetics

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-33-0194178

Contact details

Garware Synthetics Limited's registered office is in Mira Road, Maharashtra. Its website is garwaresyn.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Manish Textiles Industrial Premises Opposite Golden Chemical Penkar Pada, Mira Road, Maharashtra, India – 401104
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of Garware Synthetics Limited, buy the company report.

Comprehensive company report
Garware Synthetics Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Garware Synthetics operates one associated brand: Garware Synthetics Limited. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer of nylon mono filaments, bristles, fishing line & PP bristlesgarwaresyn.com

Business activity

The main business activity of Garware Synthetics is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Garware Synthetics Limited, buy the company report.

Financials of Garware Synthetics Limited

FY 2025-26 filings available

Garware Synthetics Limited reported revenue of ₹10.34 Cr (down 3.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹10.34 Cr
-3.6% YoY
EBITDA
₹0.93 Cr
+1228.6% YoY
Profit After Tax
₹0.37 Cr
+268.2% YoY
Net Worth
−₹1.53 Cr
+22.3% YoY
Total Assets
₹5.00 Cr
+5.3% YoY
Total Debt
₹5.47 Cr
+4.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10.3410.7310.7011.4012.708.279.11
Revenue growth-3.6%+0.3%-6.1%-10.2%+53.6%-9.2%-
EBITDA0.930.070.370.840.171.050.29
EBITDA margin+9.0%+0.7%+3.5%+7.4%+1.3%+12.7%+3.2%
Profit before tax0.420.09(0.15)0.340.550.600.17
Net profit0.37(0.22)(0.32)0.380.170.570.10
Net profit margin+3.6%-2.1%-3.0%+3.3%+1.3%+6.9%+1.1%
EPS (₹)0.720.02(0.08)1.000.401.000.19
Balance sheet
Total assets5.004.7510.9511.8412.7410.5510.53
Net worth(1.53)(1.97)(2.08)(1.97)(2.56)(2.15)(2.74)
Total debt5.475.225.395.9611.9912.4212.91
Cash & bank0.030.100.220.240.130.040.16
Net working capital(6.79)(7.11)(1.21)(0.88)(1.34)(0.59)(0.49)
Cash flow
Cash from operations(0.12)0.040.390.571.330.41(0.52)
Cash from investing(0.23)(0.03)0.000.00(0.64)(0.01)0.00
Cash from financing0.27(0.13)(0.40)(0.46)(0.60)(0.52)0.43
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.682.412.492.842.602.752.552.77
Revenue growth (YoY)-35.4%-12.4%-2.4%+2.5%-2.6%---
Other income0.000.010.000.000.000.290.010.07
Total expenses1.532.372.152.532.352.852.492.70
EBITDA0.150.040.340.310.25(0.10)0.060.07
EBITDA margin+8.9%+1.7%+13.7%+10.9%+9.6%-3.6%+2.4%+2.5%
Depreciation0.150.110.110.110.110.110.110.11
Interest0.060.030.020.020.02(0.04)0.060.05
Profit before tax(0.06)(0.09)0.210.180.120.12(0.10)(0.02)
Tax0.00(0.01)(0.01)0.060.000.100.00(0.05)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.682.412.492.842.602.752.552.77
Revenue growth (YoY)-35.4%-12.4%-2.4%+2.5%-2.6%---
Other income0.000.010.000.000.000.290.010.07
Total expenses1.532.372.152.532.352.852.492.70
EBITDA0.150.040.340.310.25(0.10)0.060.07
EBITDA margin+8.9%+1.7%+13.7%+10.9%+9.6%-3.6%+2.4%+2.5%
Depreciation0.150.110.110.110.110.110.110.11
Interest0.060.030.020.020.02(0.04)0.060.05
Profit before tax(0.06)(0.09)0.210.180.120.12(0.10)(0.02)
Tax0.00(0.01)(0.01)0.060.000.100.00(0.05)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10.3410.7310.7011.4012.708.279.11
Revenue growth-3.6%+0.3%-6.1%-10.2%+53.6%-9.2%-
Other income0.020.570.290.301.230.000.00
Total expenses9.4110.6610.3310.5612.537.228.82
Employee cost0.002.272.212.021.931.471.89
EBITDA0.930.070.370.840.171.050.29
EBITDA margin+9.0%+0.7%+3.5%+7.4%+1.3%+12.7%+3.2%
Depreciation0.440.440.440.470.260.020.03
Interest0.090.110.370.330.590.430.09
Profit before tax0.420.09(0.15)0.340.550.600.17
Tax0.050.05(0.10)(0.22)0.330.030.07
Net profit0.37(0.22)(0.32)0.380.170.570.10
Net profit margin+3.6%-2.1%-3.0%+3.3%+1.3%+6.9%+1.1%
EPS (₹)0.720.02(0.08)1.000.401.000.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.815.815.815.815.815.815.81
Reserves & surplus(7.34)(7.78)(7.89)(7.78)(8.37)(7.96)(8.55)
Shareholders' funds (net worth)(1.53)(1.97)(2.08)(1.97)(2.56)(2.15)(2.74)
Secured loans0.000.000.000.000.000.000.00
Unsecured loans5.475.225.395.9611.9912.4212.91
Total debt5.475.225.395.9611.9912.4212.91
Total liabilities5.004.7510.9511.8412.7410.5510.53
Assets
Gross block16.9916.7816.7516.7515.0211.4911.48
Net block11.2011.4311.8412.2813.5310.4310.44
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.820.870.870.891.031.051.06
Sundry debtors1.241.441.271.471.681.471.10
Cash & bank balances0.030.100.220.240.130.040.16
Loans & advances0.010.000.000.000.000.010.00
Total current assets2.102.412.362.602.842.572.32
Total current liabilities8.899.523.573.484.183.162.81
Net working capital(6.79)(7.11)(1.21)(0.88)(1.34)(0.59)(0.49)
Total assets5.004.7510.9511.8412.7410.5510.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.100.220.240.130.040.160.25
Net cash from operating activities(0.12)0.040.390.571.330.41(0.52)
Net cash from investing activities(0.23)(0.03)0.000.00(0.64)(0.01)0.00
Net cash from financing activities0.27(0.13)(0.40)(0.46)(0.60)(0.52)0.43
Net change in cash(0.07)(0.12)(0.02)0.110.09(0.12)(0.09)
Closing cash0.030.100.220.240.130.040.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.6%+0.3%-6.1%-10.2%+53.6%-9.2%-
EBITDA growth+1228.6%-81.1%-56.0%+394.1%-83.8%+262.1%-
PBT growth+366.7%+9998.0%--38.2%-8.3%+252.9%+9998.0%
Net income growth+268.2%+31.3%-184.2%+123.5%-70.2%+470.0%-
Revenue CAGR (3Y)-3.2%-5.5%+9.0%+7.8%+6.1%-4.9%+2.2%
EBITDA CAGR (3Y)+3.5%-25.6%-29.4%+42.6%-+28.9%-11.6%
Profitability & leverage
Net income margin+3.6%+0.4%-0.5%+4.9%+1.7%+6.9%+1.1%
Return on capital employed--0.6%0.0%+1.5%+3.3%+3.5%+1.3%
Return on net worth--3.3%0.0%+2.3%+1.1%+3.4%+1.5%
Debt / equity-0.000.000.000.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover18.37-29.73-528.5789.19-655.5641.7534.62
Efficiency & per share
Fixed asset turnover-0.640.640.720.960.720.79
Inventory turnover-12.3312.1611.8812.217.848.28
Debtors turnover-7.927.817.248.066.447.99
EPS (₹)0.720.02(0.08)1.000.401.000.19
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(3.39)(3.58)(3.39)(4.42)(3.71)(4.71)

To see the full year-wise statements and ratios of Garware Synthetics Limited, buy the company report.

Board of directors of Garware Synthetics Limited

Garware Synthetics has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sandip Keshav PawarDirector26 Jun 20197 Years 4 MonthsCurrent
Deepak Pandurang KambleDirector28 Sep 20224 Years 0 MonthsCurrent
Sheetal Jayesh SawantAdditional Director02 Dec 20250 Years 10 MonthsCurrent
Nihal Chandrakant GarwareDirector01 Jul 20251 Years 3 MonthsCurrent
Shital Dhammdeep KambleDirector23 Aug 20251 Years 2 MonthsCurrent

Peer comparison

Garware Synthetics Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vardhman Hydraulic Hoses Private Limited₹11.04 Cr (FY 2025)8.0%Delhi, India
Vineet Plastics Limited₹11.01 Cr (FY 2023)-24.0%Uttar Pradesh, India
Allahabad Enterprises Private Limited₹10.98 Cr (FY 2024)18.0%Prayagraj, Uttar Pradesh, India
Garware Synthetics Limitedthis company₹10.34 Cr (FY 2026)₹37 Lakh3.6%-3.6%64Mira Road, Maharashtra, India

To see the full peer comparison of Garware Synthetics Limited, buy the company report.

Auditor

Garware Synthetics Limited is audited by Jayesh Dadia & Associates LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Jayesh Dadia & Associates LLPFY 2023121142W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 45.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 54.20%.

Promoters: 45.80%Retail & Others: 54.20%
Mar 2026
QUARTER
45.80% Promoters
54.20% Retail & Others
Promoter holding - history
Now 45.80% · Mar 2026High 45.80% · Jun 2025Low 45.80% · Jun 2025
44%44.8%45.5%46.3%47%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 45.80%Sep 2025: 45.80%Dec 2025: 45.80%Mar 2026: 45.80%45.80%45.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters45.80%45.80%45.80%45.80%
Public54.20%54.20%54.20%54.20%

Charges & borrowings

Open charges
None
Satisfied charges
₹3.68 Cr
Breakdown by lending institutions
Bank of Baroda₹3.68 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Aug 199580043439Bank of Baroda₹1.9 CrSatisfied
21 Aug 199580043441Bank of Baroda₹76.4 LakhSatisfied
21 Aug 199580043442Bank of Baroda₹76.4 LakhSatisfied
21 Aug 199580043443Bank of Baroda₹10 LakhSatisfied
01 Mar 199080043440Bank of Baroda₹15 LakhSatisfied

To see the full charge records of Garware Synthetics Limited, buy the company report.

Total charge records: 5 View all charges

MSME payment delays

Garware Synthetics Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
Vasantrai Petro-Chemicals (India) Private Limited

To see the full MSME payment records of Garware Synthetics Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Garware Synthetics Limited has a workforce of 64 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
64
Active EPFO establishments
1
Employee growth
-1.54%

GST

Garware Synthetics has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACG4208M1ZLMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Garware Synthetics Limited, buy the company report.

Recent activity

Garware Synthetics Limited has 19 board changes on record since 2001: 12 appointments and 7 cessations. The latest: Harish Koraga Shriyan ceased to be Director on 02 Dec 2025.

Filing
Garware Synthetics Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Ceased
Harish Koraga Shriyan ceased to be Director.
Appointed
Sheetal Jayesh Sawant was appointed as Additional Director.
AGM
Garware Synthetics Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Shilpa Sagar Parab ceased to be Director.
Appointed
Shital Dhammdeep Kamble was appointed as Director.
Appointed
Nihal Chandrakant Garware was appointed as Director.
Ceased
Sunder Kocha Moolya ceased to be Whole-Time Director.
Ceased
Kirtikumar Bhailal Doshi ceased to be Director.
Appointed
Harish Koraga Shriyan was appointed as Director.
Ceased
Santosh Bhalchandra Borkar ceased to be Director.
Appointed
Deepak Pandurang Kamble was appointed as Director.

25 earlier events are in the company report.

Frequently asked questions

Garware Synthetics is an active public limited company based in Mira Road, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 September 1969 (57+ years old) and is registered under CIN L99999MH1969PLC014371. Listed on BSE: 514400.

Garware Synthetics reported revenue of ₹10.34 Cr for FY 2025-26 (down 3.6% YoY) based on standalone financials.

Garware Synthetics has 5 current directors:

The latest financial statements of Garware Synthetics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Garware Synthetics is 27AAACG4208M1ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Garware Synthetics is L99999MH1969PLC014371. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Garware Synthetics is a listed company as per MCA records. Its shares are listed on BSE (code: 514400).

Garware Synthetics has 55 court cases on record: 1 filed by the company and 54 filed against it. 5 are pending. Most are in the district courts.

Garware Synthetics was incorporated on 01 September 1969, making it 57+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Garware Synthetics by revenue are Vardhman Hydraulic Hoses Private Limited, Vineet Plastics Limited, Allahabad Enterprises Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

Harish Koraga Shriyan ceased to be Director on 02 Dec 2025. Sheetal Jayesh Sawant was appointed as Additional Director on 02 Dec 2025. Shilpa Sagar Parab ceased to be Director on 23 Aug 2025. Garware Synthetics has 19 board changes on record in total.

Yes, Garware Synthetics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0194178).