Banswara Syntex Ltd (BANSWRAS) AI Stock Analysis

• Market Cap: ₹3.56B
• Dividend Yield: 0.88%
• Average Volume (3M): 1.64K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 1.18
• Revenue Growth: 5.59%
• EPS Growth: -5.44%
• Country: IN
• Employees: 13,570
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 2.07
• Shares Outstanding: 34,232,082
• 10 Day Avg. Volume: 1,825
• 30 Day Avg. Volume: 1,643
• PEG Ratio: -0.50
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.32
• P/FCF Ratio: -6.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹114.00 ▼(-1.68% Downside)

Banswara Syntex Ltd. receives an overall score of 60, reflecting a moderate financial performance with stable debt management but challenges in revenue and cash flow consistency. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. Valuation metrics suggest the stock is fairly valued, offering limited upside potential. The absence of earnings call data and corporate events leaves these areas unassessed.

Positive Factors

Diversified product and market mix

A diversified product portfolio across synthetic/blended yarns, dyed fabrics and home textiles plus exports spreads demand risk and supports stable revenue channels. Structural exposure to both domestic manufacturers and international buyers underpins resilience over the medium term.

Relatively strong balance sheet base

A solid equity ratio and a reasonable debt-to-equity position provide capital flexibility for capex or working capital needs. Maintaining a strong capital base reduces refinancing risk and supports strategic investments over the next several quarters.

Improving operational margins

Sustained improvements in gross and EBIT margins point to better cost control or pricing power in core operations. If maintained, higher operating efficiency can translate to stronger cash generation and ability to fund growth or service debt over the medium term.

Negative Factors

Volatile revenue trajectory

Inconsistent top-line performance reduces predictability of cash flow and makes planning capex or debt reduction harder. Persistent revenue volatility can erode scale advantages, pressure margins in weaker periods, and weaken competitive positioning over several quarters.

Weak and inconsistent cash generation

Negative free cash flow and a gap between operating cash and reported earnings limit the company's ability to internally fund growth, pay down debt, or return capital. Prolonged weak cash conversion raises refinancing and liquidity risks over the medium term.

Earnings decline and EPS weakness

Negative EPS growth signals pressure on profitability drivers such as pricing, costs, or mix. Continued EPS contraction undermines retained earnings accumulation, constrains balance sheet strengthening, and may limit reinvestment capacity across the next several reporting periods.

Banswara Syntex Ltd Business Overview & Revenue Model

Company Description

Banswara Syntex Limited engages in the manufacturing, marketing, and sale of textile products in India. The company offers spun synthetic blended, wool, and wool mix yarns; and spun synthetic and worsted, and cotton and linen fabrics, as well as readymade garments, such as trousers, jackets, and waistcoats. It also provides shirting and technical, jacquard, poly/viscose, and knitted fabrics; polyester, viscose, acrylic, wool, lycra, linen, and high twists yarns; yarn and piece dyeing solutions; and fabrics for men's and women's wear, and home textile furnishing fabrics in various blends. In addition, the company offers performance finish fabric; technical fabrics used for high altitude weather and sports wear; and automotive fabrics for trimming interiors of automobile seats and doors. Further, it provides fire retardant fabrics that can be used as curtains, upholstery, drapes, wall paneling, cushion covers, sheets, and as lining for tents, as well as for use in furnishing auditoriums, multiplexes, cinema halls, hotels, railway coaches, airlines, ships and cruise, and buses and coaches. It also exports its products to 50 countries including the United States, the United Kingdom, Canada, Spain, Germany, Japan, France, the United States Emirates, and Turkey. Banswara Syntex Limited was incorporated in 1976 and is headquartered in Mumbai, India.

How the Company Makes Money

Banswara Syntex generates revenue primarily through the sale of synthetic and blended yarns, which are used in various applications across the textile and apparel sectors. The company benefits from multiple revenue streams, including direct sales to manufacturers, distribution through wholesalers, and exports to international markets. Key partnerships with garment manufacturers and retailers enhance its market reach and stability. Additionally, the company invests in research and development to innovate and improve product offerings, which can lead to higher margins and increased sales. The combination of a diverse product portfolio, strategic partnerships, and a focus on quality and customer service contributes significantly to its earnings.

Banswara Syntex Ltd Financial Statement Overview

Summary

Banswara Syntex Ltd. exhibits a moderate financial profile with some areas of strength and others requiring attention. The company has managed to maintain a stable debt position and reasonable profitability. However, the volatility in revenue and free cash flow highlights the need for strategic focus on consistent growth and strong cash flow management to ensure long-term financial health.

Income Statement

The income statement shows mixed results with moderate performance. Gross profit margin and EBIT margin have improved over the years, indicating efficiency in cost management. However, the net profit margin has been inconsistent, and revenue growth has been volatile, with declines in recent years. The company needs to stabilize its revenue trajectory to enhance profitability.

Balance Sheet

The balance sheet reflects a relatively stable financial position with a reasonable debt-to-equity ratio. The equity ratio is solid, indicating a strong capital base. However, the increase in total debt over the years poses a potential risk, suggesting the need for careful debt management. Return on equity has seen fluctuations, pointing to inconsistent profitability.

Cash Flow

Cash flow analysis indicates challenges, with free cash flow turning negative in recent periods. The operating cash flow to net income ratio suggests that cash generation from operations is not fully translating into profitability. While there have been periods of positive free cash flow, sustaining this should be a focus to support future investments and debt repayments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.28B	12.93B	12.42B	14.78B	11.72B	7.77B
Gross Profit	5.98B	6.11B	4.43B	8.49B	1.41B	765.17M
EBITDA	1.12B	1.01B	1.16B	2.12B	1.39B	953.85M
Net Income	196.62M	221.56M	355.41M	1.13B	456.20M	145.11M
Balance Sheet
Total Assets	0.00	11.97B	10.70B	10.69B	8.81B	7.53B
Cash, Cash Equivalents and Short-Term Investments	47.68M	47.68M	158.21M	197.41M	190.72M	108.81M
Total Debt	0.00	4.54B	3.55B	3.73B	2.62B	2.27B
Total Liabilities	-5.59B	6.37B	5.35B	5.60B	4.82B	3.96B
Stockholders Equity	5.59B	5.59B	5.35B	5.09B	3.99B	3.57B
Cash Flow
Free Cash Flow	0.00	-671.47M	446.92M	-832.01M	-53.68M	1.23B
Operating Cash Flow	0.00	772.24M	1.42B	200.86M	526.73M	1.32B
Investing Cash Flow	0.00	-1.37B	-900.76M	-994.42M	-472.08M	-25.72M
Financing Cash Flow	0.00	552.34M	-584.10M	752.14M	48.73M	-1.26B

Banswara Syntex Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 115.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BANSWRAS, the sentiment is Negative. The current price of 115.95 is above the 20-day moving average (MA) of 113.37, below the 50-day MA of 116.64, and below the 200-day MA of 130.52, indicating a bearish trend. The MACD of -2.29 indicates Positive momentum. The RSI at 27.02 is Positive, neither overbought nor oversold. The STOCH value of 7.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BANSWRAS.

Banswara Syntex Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORBTEXP	72 Outperform	₹4.83B	12.54	―	―	13.84%	4.13%
NAHARINDUS	66 Neutral	₹4.45B	10.66	―	―	7.04%	91.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
NDL	61 Neutral	₹4.15B	11.04	―	―	45.69%	-26.26%
BANSWRAS	60 Neutral	₹3.56B	15.93	―	0.88%	5.59%	-5.44%
DONEAR	59 Neutral	₹4.49B	13.78	―	0.21%	9.35%	-20.51%
VARDMNPOLY	44 Neutral	₹2.48B	6.23	―	―	5.66%	―

Banswara Syntex Ltd Corporate Events

India Ratings Affirms Banswara Syntex at ‘IND A/Negative’ Amid Debt-Funded Modernisation Drive

India Ratings and Research has affirmed Banswara Syntex Ltd’s existing bank loan facilities at ‘IND A/Negative/IND A1’ and its fixed deposit programme at ‘IND A/Negative’, while also assigning the same ratings to an additional INR 513.2 million in bank loan facilities and noting that the fixed deposit limit has been reduced to INR 300 million from INR 400 million. The Negative outlook reflects expectations that Banswara Syntex’s credit metrics will remain stretched in the medium term due to sizeable debt-funded modernisation capex and weaker-than-expected operational performance in the first half of FY26, even as the agency anticipates improvement in the second half of FY26 and beyond, driven by higher contributions from value-added products, operational efficiencies, cost optimisation, and future savings from renewable power initiatives; at the same time, the ratings factor in the company’s strong business profile and adequate liquidity, with elevated leverage expected to peak in FY26 and gradually improve from FY27, amid ongoing exposure to price volatility, foreign exchange movements and inherent textile industry risks.

Banswara Syntex Closes Trading Window Ahead of December-Quarter Results

Banswara Syntex Limited has announced the closure of its trading window for promoters, directors, key managerial personnel, designated employees, connected persons, and their immediate relatives starting 1 January 2026, in line with SEBI’s Prohibition of Insider Trading Regulations, 2015. The window will reopen 48 hours after the board approves and discloses the financial results for the quarter ended 31 December 2025, with the board meeting date to be communicated later, underscoring the company’s adherence to regulatory norms on unpublished price-sensitive information and signaling forthcoming quarterly earnings that stakeholders will be watching closely.