BANSWRAS

Banswara Syntex financials

Vertically integrated Rajasthan-based textile maker spanning synthetic-blended yarn spinning, fabric weaving/processing and readymade garment (suits, jackets, trousers) manufacturing.

Market cap: ₹424 Cr
Sector: Textiles
Calls analysed: 7

Latest concall · Q1 FY27 · call held 03 Aug 2026

Banswara Syntex Limited Q1 FY27

EBITDA ₹29.5 cr Consolidated EBITDA Margin 9% PAT ₹4.4 cr Total Income ₹322.4 cr +4%

What went well

Total income increased by 4.1% YoY to INR 322.4 crores in Q1 FY27.
Profit after tax was INR 4.4 crores, reversing a loss of INR 1.4 crores in Q1 FY26.
Fabric division revenue grew 25% YoY to INR 147 crores, driven by value-added products and increased capacity utilization to 80%.

What to watch

Yarn division revenue decreased to INR 96 crores from INR 110 crores YoY, with capacity utilization at 70% due to temporary labor shortages.
Garment division revenue declined to INR 69 crores from INR 75 crores YoY, impacted by geopolitical uncertainties and export logistic constraints leading to deferred dispatches.

Read the full call →

What Banswara Syntex Limited does

Banswara Syntex operates three integrated divisions: Yarn (synthetic-blended and stretch yarns spun from viscose, polyester, acrylic, lycra, cotton and linen), Fabric (worsted wool, viscose, PV, cotton suiting, shirting, automotive textiles and technical fabrics), and Garments (formal suits, jackets and trousers for global and domestic clothing brands). It also runs captive thermal power plants for its own manufacturing needs and has a joint venture with France's TESCA (Treves SA) for automotive fabrics. The company exports to over 65 countries and supplies large global and domestic apparel brands.

Segments

Yarn
Fabric
Garments

Manufacturing plants: 3 (Banswara Rajasthan, Surat Gujarat, Daman)
Spindles installed: ~1,57,040
Looms installed: 463
Yarn spinning capacity: 2,831 tonnes/month (33,972 TPA)
Fabric weaving capacity: 2.5 million meters/month
Fabric processing capacity: 3.0 million meters/month

Founded 1976Headquarters Banswara, Rajasthan (corporate office in Mumbai)Employees 12,000 (FY26) Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 0 delivered 5 missed 15 open

Total Income for FY26 went quiet said Q4 FY25 Promised: INR1,550 crores Q1 FY27: Target for FY26 has passed and was not mentioned.
SEZ to DTA Transition Completion delayed said Q3 FY25 Promised: Capacity loss for 'about a quarter or so'. Q1 FY27: Timeline further delayed. Management now hopes for the facility to be available for DTA use by Nov/Dec 2026 and operational by April 2027.
Fabric Business Growth on track said Q3 FY25 Promised: 20% growth year-on-year Q1 FY27: Fabric revenue grew 25% YoY in Q1 FY27, exceeding the 20% growth target.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 3.2%, net profit up 436.5% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	343	339	340	306	345 +1%	340 +0%	366 +8%	316 +3%
Expenses	317	305	315	288	315	302	323	294
EBITDA	26	34	25	18	30 +18%	38 +12%	43 +69%	22 +26%
Margin	7%	10%	7%	6%	9%	11%	12%	7%
Other income	3	3	7	4	4	5	-4	8
Interest	9	11	11	11	11	11	11	10
Depreciation	12	12	12	13	14	13	13	14
Profit before tax	7	14	9	-2	10 +34%	19 +38%	15 +69%	6 +435%
Tax rate	30%	25%	35%	-25%	26%	25%	25%	24%
Net profit	5	10	6	-1	7 +41%	14 +38%	11 +96%	5 +436%
EPS	1.47	2.96	1.71	-0.40	2.07	4.09	3.36	1.35

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.0% 1Y

1Y: ₹125.4 on 10 Sept 2025 → ₹112.84. High ₹137.79 (19 Jun 2026), low ₹96.09 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27: +3.0%; 3 Aug
Q4 FY26: +2.3%; 20 May
Q3 FY26: +2.5%; 11 Feb
Q2 FY26: +2.6%; 11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 3.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.5%.

Year ending	FY23	FY24	FY25	FY26
Revenue	₹1.5k Cr	₹1.3k Cr	₹1.3k Cr	₹1.4k Cr
Operating profit	₹196 Cr	₹101 Cr	₹101 Cr	₹129 Cr
Operating margin	13.1%	8.0%	7.8%	9.5%
Interest	₹32 Cr	₹30 Cr	₹40 Cr	₹43 Cr
Depreciation	₹40 Cr	₹43 Cr	₹48 Cr	₹53 Cr
Net profit	₹113 Cr	₹36 Cr	₹22 Cr	₹31 Cr
Net margin	7.6%	2.8%	1.7%	2.3%
Cash from operations	₹20 Cr	₹142 Cr	₹77 Cr	₹118 Cr
Free cash flow	₹-80 Cr	₹48 Cr	₹-63 Cr	₹23 Cr

How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹17 Cr	₹17 Cr	₹17 Cr	₹17 Cr	₹17 Cr	₹17 Cr
Reserves	₹340 Cr	₹382 Cr	₹492 Cr	₹518 Cr	₹545 Cr	₹568 Cr
Borrowings	₹227 Cr	₹262 Cr	₹373 Cr	₹355 Cr	₹504 Cr	₹475 Cr
Other liabilities	₹162 Cr	₹222 Cr	₹186 Cr	₹180 Cr	₹195 Cr	₹212 Cr
Total liabilities	₹746 Cr	₹882 Cr	₹1.1k Cr	₹1.1k Cr	₹1.3k Cr	₹1.3k Cr
Fixed assets	₹338 Cr	₹314 Cr	₹370 Cr	₹424 Cr	₹548 Cr	₹555 Cr
Capital work in progress	₹1 Cr	₹29 Cr	₹22 Cr	₹20 Cr	₹22 Cr	₹30 Cr
Investments	₹3 Cr	₹3 Cr	₹6 Cr	₹8 Cr	₹11 Cr	₹14 Cr
Other assets	₹405 Cr	₹536 Cr	₹671 Cr	₹618 Cr	₹680 Cr	₹673 Cr
Total assets	₹746 Cr	₹882 Cr	₹1.1k Cr	₹1.1k Cr	₹1.3k Cr	₹1.3k Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Banswara Syntex Limited

Guides on how to read this kind of business and the numbers that matter.