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Banswara Syntex Limited (BANSWRAS)

₹102.02 -0.01% last close, 16 Oct

📊 NSE: BANSWRAS 🏢 Textiles - Spinning - Synthetic / Blended 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Banswara Syntex's revenue was ₹366 Cr (+7.6% year on year, +7.7% on the previous quarter), and net profit ₹11.0 Cr (+87.5% year on year); the operating margin was 11.7%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹366	+7.6%	+7.7%
Operating profit	₹43.0	+69.1%	+13.8%
Net profit	₹11.0	+87.5%	-21.4%
EPS (₹)	3.36	+96.5%	-17.8%
Operating margin	11.7%	—	—

Full quarterly financials → Results calendar →

BANSWRAS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 65.91% of the BANSWRAS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 68.8%. That is close to its usual level. Turnover was only ₹13 lakh, so a handful of trades can move this figure.

65.91%Delivery, 16 Oct

68.8%Own 20-session average

0.6×Volume vs its average

₹102.02NSE close · -0.01%

Delivery in the last 5 sessions: 72.6% · 72.7% · 73.7% · 67.4% · 65.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Banswara Syntex Submits Demat Compliance Certificate for Q2 Ended Sep 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 04:38 PM

Banswara Syntex Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Computech Sharecap Limited, confirms that securities received for dematerialization were processed, verified, and cancelled within stipulated timelines. This is a purely standard quarterly procedural filing with no operational or financial impact.

Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
Issued by Registrar and Share Transfer Agent M/s. Computech Sharecap Limited dated October 07, 2026
Confirms mutilation, cancellation, and substitution of depository names within stipulated time periods

💡 No action is required as this is a recurring regulatory filing. Investors should monitor upcoming announcements regarding the company's Q2 FY27 financial results.

Banswara Syntex: Independent Director Narendra Kumar Ambwani Resigns Due to Health Reasons

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 08 Sep 2026, 06:04 PM

Banswara Syntex Limited has informed the exchanges that Mr. Narendra Kumar Ambwani has resigned as Non-Executive Independent Director, effective close of business hours on September 8, 2026. The resignation is cited due to advancing age and recurring health issues, with confirmation that there are no other material reasons. Mr. Ambwani holds directorships in nil other listed entities according to the filing. This is a routine board departure with no direct operational or financial disruption to the company's Rs 1,356 Cr TTM revenue business.

Resignation of Non-Executive Independent Director Mr. Narendra Kumar Ambwani effective September 8, 2026
Reason stated is advancing age and recurring health issues
Directorships in other listed entities reported as Nil
Confirmation provided that no other material reasons exist for the resignation

💡 Track subsequent filings for the appointment of a new independent director to ensure continued compliance with board composition requirements.

Banswara Syntex: Independent Director Narendra Kumar Ambwani Resigns Effective Sep 8, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 08 Sep 2026, 05:59 PM

Banswara Syntex Limited announced that Mr. Narendra Kumar Anand Ambwani has resigned from his position as Non-Executive Independent Director, effective close of business hours on September 8, 2026. The stated reasons for resignation are advancing age and recurring health issues, with confirmation that there are no other material reasons. Mr. Ambwani held no other directorships in listed entities. This departure does not impact the company's core operations or its FY26 performance (TTM revenue of Rs 1,356 Cr and PAT of Rs 31 Cr).

Resignation effective from close of business hours on September 8, 2026
Reason cited: advancing age and recurring health issues
Confirmation provided stating no other material reasons exist
Resigning director holds Nil directorships across other listed entities

💡 Watch for upcoming board appointments to ensure independent director representation and committee compositions remain compliant with SEBI LODR norms.

Banswara Syntex: Dispatches KYC & PAN Updation Notices to Physical Shareholders

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 04 Sep 2026, 05:18 PM

Banswara Syntex Limited has issued a formal intimation to shareholders holding shares in physical form to update their PAN, KYC, and nomination details. This communication is in compliance with the SEBI Master Circular dated February 06, 2026. The company noted that electronic dividend distribution and RTA service requests require valid PAN linked with Aadhaar and completed KYC records. This is a standard procedural compliance filing with no impact on the company's financial performance or operational trajectory.

SEBI Master Circular compliance notification dated February 06, 2026 dispatched to physical shareholders
Shareholders required to furnish PAN (Aadhaar-linked), KYC, bank account, and nomination details to RTA Computech Sharecap Limited
Electronic mode payout rule noted in effect since April 01, 2024 for all dividend, interest, or redemption payments

💡 Physical shareholders should submit their updated KYC and bank details to RTA Computech Sharecap Limited to prevent disruptions in dividend receipts. Core investors should focus on core operational metrics including utilization and revenue growth toward the ₹1,800 Cr target.

Promoter Group Member Sells 6,861 Shares (0.02% Stake) in Open Market

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 03 Sep 2026, 05:26 PM

Banswara Syntex Limited has disclosed a minor transaction under SEBI SAST Regulation 29(2). Promoter group member Mr. Udit Ravindra Toshniwal sold 6,861 equity shares of face value Rs 5 each in the open market. The transaction represents approximately 0.02% of the company's total paid-up capital (estimated value around Rs 8 lakh). This minor sale does not materially impact the overall promoter holding, which stood at 54.19% as of June 2026.

Promoter group member Udit Ravindra Toshniwal sold 6,861 equity shares via the open market
Disposed shares represent 0.02% of total paid-up capital
Equity shares have a face value of Rs 5 each
Overall promoter holding remains intact near 54.19%

💡 No action is warranted. Investors may monitor subsequent quarterly shareholding disclosures for any broader changes in promoter group holdings.

Promoter Group Member Sells 15,199 Shares (0.04% Stake) via Open Market

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 06:21 PM

Banswara Syntex Limited has submitted a disclosure under SEBI SAST Regulations regarding a minor share sale by a promoter group member. Mr. Udit Ravindra Toshniwal sold 15,199 equity shares (face value Rs. 5 each) through the open market. The transaction represents approximately 0.04% of the company's total paid-up share capital. Given the minor quantity, this transaction has negligible impact on overall promoter shareholding, which stands at approximately 54.2%.

Promoter group member Mr. Udit Ravindra Toshniwal sold 15,199 equity shares in the open market.
Shares sold represent 0.04% of the total paid-up equity capital.
Equity shares have a face value of Rs. 5 each.
Overall promoter group holding remains largely unchanged at ~54.19%.

💡 Track subsequent quarterly shareholding pattern filings to monitor any broader trend in promoter group buying or selling.

Banswara Syntex Pays ₹1.47 Cr Environmental Compensation for Daman Unit Violations

🔴 NEGATIVE ⭐ 4/10

REGULATORY 📅 26 Aug 2026, 04:48 PM

Banswara Syntex received directions from the Pollution Control Committee (PCC) of DNH & DD regarding emission and waste management non-compliance at its Daman industrial unit. The authority imposed an Environmental Compensation penalty of ₹1.47 crore, which the company paid on August 25, 2026. Violations cited include an inadequate dust collector system, boiler stack fugitive emissions exceeding standards, and improper hazardous waste storage. The penalty equals roughly 4.8% of the company's TTM net profit of ₹31 crore.

PCC DNH & DD levied an Environmental Compensation penalty of ₹1.47 crore
Company paid the full ₹1.47 crore penalty on August 25, 2026
Violations identified at Daman unit include inadequate dust collector and excess boiler stack emissions
Company has initiated necessary corrective compliance measures per regulatory directives

💡 Track whether corrective measures at the Daman unit satisfy pollution control norms without requiring operational downtime or significant additional capital expenditure.

Banswara Syntex Q1 FY27: PAT turns positive at ₹4.4 Cr; UK FTA to boost export competitiveness

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 07 Aug 2026, 02:31 PM

Banswara Syntex reported a turnaround in Q1 FY27 with a PAT of ₹4.4 Cr, compared to a loss of ₹1.4 Cr in the same quarter last year. Total income grew 4.1% YoY to ₹322.4 Cr, primarily driven by a 25% revenue surge in the Fabric division to ₹147 Cr. Management highlighted the India-UK Free Trade Agreement (effective July 15, 2026) as a major catalyst, expecting to double UK garment exports to ₹50 Cr next year. Despite seasonal labor shortages impacting the Yarn division, the company maintains a strong garment order book through December 2026.

Q1 FY27 PAT turned positive at ₹4.4 Cr versus a loss of ₹1.4 Cr in Q1 FY26.
Fabric division revenue grew 25% YoY to ₹147 Cr with capacity utilization reaching 80%.
Management targets ₹400 Cr revenue from the Garment division for FY27, representing ~30% of TTM revenue.
UK garment exports projected to double from ₹20-25 Cr to ₹50 Cr annually following the FTA implementation.
Yarn division revenue declined to ₹96 Cr from ₹110 Cr due to labor shortages and higher internal consumption for value-added products.

💡 Watch for the execution of the garment order book in Q2 and Q3 FY27 and the margin impact of zero-duty exports to the UK. Monitor the successful ramp-up of the Surat facility which is key to hitting the ₹1,800 Cr long-term revenue capacity.

Banswara Syntex: Withdrawal of Company Secretary Appointment; MD to Handle Compliances

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 06 Aug 2026, 06:49 PM

Banswara Syntex Limited has informed the exchanges that Ms. Monika Bohara, who was appointed as Company Secretary and Compliance Officer (KMP) on July 31, 2026, has unilaterally withdrawn her consent and will not be joining the company. The appointment, which was supposed to be effective from August 3, 2026, has consequently not taken effect. The company is currently searching for a suitable candidate to fill this mandatory regulatory position. In the interim, Managing Director Mr. Shaleen Toshniwal will be responsible for ensuring all applicable compliances.

Ms. Monika Bohara withdrew her consent for the Company Secretary role effective August 3, 2026.
The board had originally approved the appointment during its meeting on July 31, 2026.
Managing Director Mr. Shaleen Toshniwal (DIN: 00246432) will oversee compliance in the interim.
The company maintains a TTM revenue of ₹1,356 Cr and a market capitalization of ₹417 Cr.
The vacancy is for a Key Managerial Personnel (KMP) position as per SEBI (LODR) Regulations.

💡 Investors should monitor for a fresh announcement regarding the appointment of a permanent Company Secretary to ensure the company remains in full compliance with SEBI's KMP requirements.

Banswara Syntex Releases Q1 FY27 Earnings Call Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Aug 2026, 07:10 PM

Banswara Syntex has released the audio recording of its Q1 FY27 earnings conference call held on August 3, 2026. The call discussed the company's operational performance following a fiscal year (FY26) where revenue reached ‑1,356 Cr with a PAT of ‑31 Cr. Key discussion points likely included the planned restart of the Surat garmenting facility and the strategy to reach a ‑1,800 Cr revenue capacity. This filing is a standard regulatory requirement to ensure transparency for all shareholders.

Earnings conference call for Q1 FY27 held on August 3, 2026, for a duration of 60 minutes
Company is working towards a revenue capacity of ‑1,800 Cr, compared to the current ‑1,400 Cr projection
Surat garmenting facility was scheduled to restart in Q1 FY27, the period covered by this call
Technical fabrics and FR-based yarns currently contribute ‑8-10 Cr to the top line
Overall capacity utilization stood at 77% as per the latest available operational data

💡 Investors should review the recording for management's commentary on the successful restart of the Surat facility and updates on the technical fabric division's growth.

Banswara Syntex Q1 FY27: PAT turns positive at ₹4.4 Cr; EBITDA margins expand to 9.1%

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 01 Aug 2026, 12:32 PM

Banswara Syntex reported a turnaround in Q1 FY27, posting a PAT of ₹4.4 Cr compared to a loss of ₹1.4 Cr in the same quarter last year. Total income grew 4.1% YoY to ₹322.4 Cr, primarily driven by a 25% revenue surge in the Fabric division. The company has provided FY27 revenue guidance of ₹1,450-1,500 Cr with an improved EBITDA margin target of 10.5-11.0%. While the Yarn division faced temporary labor shortages, the Garment division's order book is fully booked through November 2026.

Fabric division revenue grew 25% YoY to ₹147 Cr with capacity utilization reaching 80%
EBITDA increased 34.7% YoY to ₹29.5 Cr, with margins improving from 7.1% to 9.1%
FY27 revenue guidance set at ₹1,450-1,500 Cr, representing a ~6-10% growth over FY26
Net debt reduced by ₹10.80 Cr during the quarter to ₹472.38 Cr
Garment division order book is fully booked through November 2026 despite seasonal Q1 weakness

💡 Watch for the normalization of labor in the Yarn division and the successful restart of the Surat garmenting facility to meet the FY27 revenue guidance.

Banswara Syntex Shareholders Approve FY26 Dividend and Key Management Re-appointments

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Jul 2026, 06:12 PM

Banswara Syntex Limited (Market Cap: ₹416 Cr) concluded its 50th Annual General Meeting on July 30, 2026, with all 8 resolutions passed by the requisite majority. Key approvals include the adoption of FY26 financial statements (TTM Revenue: ₹1356 Cr) and the declaration of a final dividend. Notably, while resolutions passed, institutional investors showed significant dissent (98.97% against) regarding the re-appointment of the Chairman and Vice Chairman. The promoter group, holding 54.2%, voted entirely in favor of all management proposals.

8 resolutions were passed at the 50th AGM held on July 30, 2026, via remote e-voting and e-voting at the meeting.
100% of promoter votes (1.85 Cr shares) were cast in favor of all resolutions, ensuring management continuity.
98.97% of institutional votes (1.26 lakh shares) were cast against the re-appointment of Vice Chairman Ravindrakumar Toshniwal and Chairman Rakesh Mehra.
A total of 295 members participated in the voting process, representing 54.68% of the total outstanding shares.

💡 Investors should monitor the upcoming dividend payment dates and the company's progress on restarting the Surat garmenting facility in Q1 FY27 as previously guided.

Banswara Syntex Q1 PAT at ₹4.41 Cr; Invests ₹8.28 Cr in 8.7 MW Renewable Project

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 31 Jul 2026, 01:38 PM

Banswara Syntex reported a turnaround in Q1 FY27, posting a net profit of ₹4.41 Cr compared to a loss of ₹1.41 Cr in the same quarter last year. Revenue from operations grew 3.3% YoY to ₹315.79 Cr. The company is investing ₹8.28 Cr for a 1.68% stake in CGE 11 Hybrid Energy to secure 8.7 MW of captive wind-solar power for its Rajasthan plants. Additionally, the board appointed Ms. Monika Bohara as the new Company Secretary effective August 3, 2026.

Q1 FY27 PAT turned positive at ₹4.41 Cr vs a loss of ₹1.41 Cr in Q1 FY26
Revenue from operations increased to ₹315.79 Cr from ₹305.81 Cr in the year-ago period
Investment of ₹8.28 Cr approved for 8.70 MW captive renewable power capacity
Acquisition of approximately 1.68% equity stake in CGE 11 Hybrid Energy Private Limited
Power and fuel costs for the quarter stood at ₹35.42 Cr, representing 11.2% of revenue

💡 Investors should monitor the impact of the 8.7 MW captive power project on operating margins in H2 FY27, as energy costs remain a significant overhead for the spinning business.

Banswara Syntex Invites Fixed Deposits from Shareholders for FY 2026-27

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 30 Jul 2026, 10:20 PM

Banswara Syntex Limited has issued a communication to its shareholders regarding the invitation and acceptance of fixed deposits for the financial year 2026-27. This is a routine fundraising activity under the Companies Act, 2013, aimed at managing the company's capital requirements. With a current debt of ₹475 Cr and a Debt-to-Equity ratio of 0.82, the company is utilizing this channel to potentially diversify its borrowing sources. The company reported a TTM revenue of ₹1356 Cr and a PAT of ₹31 Cr for FY26.

Communication sent to shareholders on July 30, 2026, regarding the FD scheme.
Invitation for deposits is governed by the Companies (Acceptance of Deposits) Rules, 2014.
Company currently carries a debt of ₹475 Cr against a net worth of ₹581 Cr.
TTM Revenue stands at ₹1356 Cr with an operating profit margin of 9.5%.
Promoter holding remains stable at 54.19% as of June 2026.

💡 Investors should monitor the interest rates offered in the FD scheme relative to the company's existing cost of debt. This is a routine administrative filing and does not signal a change in business fundamentals.

Banswara Syntex Re-appoints Top Leadership for 3-Year Term; Appoints New Independent Director

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 30 Jul 2026, 10:17 PM

Shareholders of Banswara Syntex have approved the re-appointment of the core executive team, including the Chairman, Vice-Chairman, and Managing Director, for a three-year term starting January 1, 2027. Additionally, Mr. Udeypaul Singh Gill has been appointed as an Independent Director for a five-year term, bringing over 40 years of industry experience. This ensures leadership continuity as the company aims to scale its revenue from the current TTM level of ₹1,356 Cr toward its ₹1,800 Cr capacity target. The executive leadership remains family-led, with the Toshniwal and Mehra families maintaining their roles.

Re-appointment of 3 key executive directors for a 3-year term from January 1, 2027, to December 31, 2029
Appointment of Mr. Udeypaul Singh Gill as Independent Director for a 5-year term until May 19, 2031
Leadership oversees a business with ₹1,356 Cr TTM revenue and a target capacity of ₹1,800 Cr
Mr. Rakesh Mehra (Chairman) brings over 39 years of experience in the textile industry
Promoter holding remains stable at 54.2% as of June 2026

💡 Monitor the management's execution of the Surat garmenting facility restart in Q1 FY27 and the progress toward the ₹1,800 Cr revenue target under this continued leadership.

View All BANSWRAS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income grew 12.2% QoQ to INR 347.4 Cr in Q2 FY26. The garment division grew 7% sequentially to INR 80 Cr and 13% YoY for the first 6 months to INR 155 Cr. Technical fabrics contribute approximately INR 8-10 Cr.

Geographic Revenue Split

Not disclosed in available documents, though the company exports to the US indirectly through Vietnam, Bangladesh, Sri Lanka, Jordan, and Egypt to mitigate tariffs.

Profitability Margins

Gross margins remained strong and consistently above 50% during both the half-year and Q2 FY26, driven by product mix optimization.

EBITDA Margin

Not disclosed in available documents, but profitability levels were maintained despite increased inventory and debtor costs.

Capital Expenditure

Debt increased by INR 52.7 Cr (11.5%) to over INR 500 Cr to support modernization and increased working capital. Modernization exercise is nearing completion.

Credit Rating & Borrowing

Total debt stands above INR 500 Cr, having increased 11.5% YoY. Interest rate % not disclosed.

⚙️ Operational Drivers

Raw Materials

FR (Flame Retardant) based yarns and technical fabrics.

Capacity Expansion

Current capacity utilization is 77% overall and 78% in the garment division. The company has the ability to hit INR 1,800 Cr revenue without significant additional CAPEX. The Surat facility is expected to restart in Q1 FY27.

Manufacturing Efficiency

Capacity utilization improved to 77% in the recent quarter; garment division utilization is at 78%.

📈 Strategic Growth

Expected Growth Rate

13-15%

Growth Strategy

Achieving growth by reaching the INR 1,800 Cr revenue capacity (up from INR 1,400 Cr projected for the current year), restarting the Surat garmenting facility in Q1 FY27, focusing on technical fabrics, and diversifying into alternative international markets beyond the US.

Products & Services

Yarn, fabric, garments, and technical fabrics (including FR based yarns).

New Products/Services

Technical fabrics and FR (Flame Retardant) based yarns/fabrics currently contributing INR 8-10 Cr.

Market Expansion

Focusing on alternative markets to the USA and expanding the technical fabric division.

🌍 External Factors

Industry Trends

The industry is characterized by high capital costs and complex operations, creating strong entry barriers. Demand is expected to revive as Chinese competition decreases.