Swasti Vinayaka Synthetics (BSE: SWASTIVI) had a P/E of 9.7× on 6 Nov 2026, below the industry P/E of 17.2×, and the shares are 30% below their 52-week high. It earns ROCE of 14% and ROE of 12%, and sales and net profit grew 6.1% and 15% a year over 3 years. Debt is 0.16× equity. It is a small-cap company with a market cap of ₹31 Cr, ranked 44th of 61 Apparel Manufacturing companies by market cap; the shares fell 24% over the past year.
- ₹3.70
- ₹3.70
- ₹3.41
- ₹3.61
- 51.8K
Health check
- ReturnsBehind
−24.3% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 9.7 vs industry 17.2.
- GrowthSteady
Sales +6.1%, profit +15.3% a year over 3 years.
- ProfitabilityWeak
ROCE 13.6% vs peer median 20.1%.
- Balance sheetSolid
Debt 0.16× equity, interest covered 6.1×, Piotroski 7 of 9.
- Red flags1 to check
Quarterly sales down 2.7% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹31 Cr
- Small cap
- P/E
- 9.7
- Industry 17.2
- Price to book
- 1.28
- Peers 5.48
- Dividend yield
- 0.00%
- ROE
- 12.4%
- Peers 20.0%
- ROCE
- 13.6%
- Peers 20.1%
- Debt to equity
- 0.16
- Debt ₹4.25 Cr
- EPS (TTM)
- ₹0.36
- OPM (TTM)
- 12.4%
- Net margin 10.5%
- Sales growth
- −2.7%
- Latest quarter vs a year ago
- Profit growth
- +117.9%
- Latest quarter vs a year ago
- Price to sales
- 0.99
- EV/EBITDA 9.1
Strengths and risks
Strengths
- Quarterly profit up 117.9% on a year ago.
- P/E of 9.7 against an industry P/E of 17.2.
Risks to check
- Quarterly sales down 2.7% on a year ago.
About Swasti Vinayaka Synthetics
Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India. The company offers a range of shirting fabrics, including cotton, linen, lycra, polyester, viscose, and other blends; and weaving facilities includes Somet Super Excel looms, yarn doublers, and stitching facilities. It also provides its uniform fabrics to corporate and government institutions. In addition, the company designs bridal and formal…
- Headquarters
- Mumbai
- Employees
- 31
- Sector
- Consumer Cyclical
- ISIN
- INE804A01025
- Website
- swastivinayaka.com
Price range
- Avg volume (3M)
- 64.4K
- 1-year return
- minus 24.3%
- From 52-week high
- minus 29.8%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| SWASTIVISwasti Vinayaka Synthetics | 3.49 | minus 3.32% | 31 | 9.7 | 1.28 | 13.6% | 12.4% | 12.4% | 6.1% | 15.3% | 0.00% | minus 24.3% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 7.4 | 7.9 | 9.8 | 6.9 | 7.2 | |
| 6.9 | 8.7 | 8.4 | 4.5 | 6.3 | |
| 0.5 | −0.8 | 1.5 | 2.4 | 0.9 | |
| 6.5% | −10.7% | 15.0% | 34.5% | 13.1% | |
| 0 | 1.6 | 0 | 0.2 | 0 | |
| 0.2 | 0.3 | 0.2 | 0.2 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.3 | 0.4 | 1.2 | 2.2 | 0.7 | |
| – | – | – | 43.9% | 24.7% | |
| 0.3 | 0.4 | 1.2 | 1.2 | 0.5 | |
| 0.03 | 0.04 | 0.13 | 0.13 | 0.06 |
Profit & loss
- Sales CAGR 3Y
- +6.1%
- Profit CAGR 3Y
- +15.3%
- EPS CAGR 3Y
- +12.8%
- ROE
- 12.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.8 | 30.7 | 38.4 | 32 | |
| – | +14.3% | +25.2% | minus 16.6% | |
| 23.6 | 27.4 | 34.2 | 28.5 | |
| 3.2 | 3.2 | 4.2 | 3.5 | |
| 11.8% | 10.5% | 10.9% | 10.9% | |
| 0.2 | 0.2 | −0 | 0.2 | |
| 0.4 | 0.5 | 0.5 | 0.8 | |
| 0.3 | 0.3 | 0.4 | 0.4 | |
| – | – | – | 1.5 | |
| 2.6 | 2.6 | 3.3 | 4 | |
| 24.8% | 24.8% | 25.5% | 24.3% | |
| 2 | 2 | 2.4 | 3.1 | |
| – | minus 0.7% | +22.7% | +25.9% | |
| 0.23 | 0.23 | 0.27 | 0.33 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9 | 9 | 9 | 9 | |
| 9.6 | 11.6 | 14 | 17.1 | |
| 2.4 | 2.7 | 6 | 6.1 | |
| 14.3 | 11 | 7.7 | 8.9 | |
| 35.3 | 34.3 | 36.8 | 41.1 | |
| 4.9 | 4.7 | 4.4 | 8.2 | |
| 1.9 | 0.3 | 0.3 | 0 | |
| 0 | 0.5 | 0.9 | 0.2 | |
| 28.5 | 28.9 | 31.2 | 32.7 | |
| 35.3 | 34.3 | 36.8 | 41.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.1 | −2.8 | −1.2 | 5.1 | |
| −2 | 1.7 | −0.1 | −2.4 | |
| −1.1 | 1.5 | 1.7 | −3.4 | |
| −0 | 0.4 | 0.4 | −0.7 | |
| −0.5 | −0.2 | −0.2 | −4.3 | |
| 2.7 | −2.9 | −1.4 | 0.8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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