Garden Silk Mills Pvt Ltd

Fortune 500 2020
+ 10 More
+ 10 More
OVERVIEW
FINANCIALS

About

Garden Silk Mills Private Limited is one of India’s largest polyester manufacturers. The company functions across three product verticals - chips, yarn and fabric - through 2 business models- B2B and B2C. The former specialises in supplying polyester filament yarns and chips to industries while the latter produces sarees, greige fabrics and other dress materials under the brand - 'Garden Vareli'. Garden Silk Mills operates manufacturing units in Vareli and Jolwa in Gujarat and is building its international presence. The company currently exports to Egypt, Mexico, Kenya, Turkey and Bangladesh. In 2021, Garden Silk Mills became a wholly-owned subsidiary of MCPI Private Limited, thus bringing the company under the purview of The Chatterjee Group.

Incorporation Year: 1979
Headquarters: Surat, Gujarat
Top Management: The Chatterjee Group & MCPI Private Limited; Dr. Purnendu Chatterjee
Industry: Textiles & Garments

Featured In Fortune India Ranking

Fortune 500 India
#379(2020)
#349(2019)
#366(2018)
#404(2017)
#412(2016)
#340(2015)
#323(2014)
#265(2013)
#254(2012)
#230(2011)
#246(2010)
#379(2020)#349(2019)#366(2018)#404(2017)#412(2016)#340(2015)#323(2014)#265(2013)#254(2012)#230(2011)#246(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
2,952
(INR Cr)
Net Operating Income
2,837
(INR Cr)
Assets
2,874
(INR Cr)
Profit
-116
(INR Cr)
Net Worth
1,446
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
Revenue
(INR Cr)
2952
-14.2%
3441
-3.3%
3557
62.8%
2185
-22.4%
2816
-19.5%
3500
13.0%
3096
22.1%
2535
7.0%
2369
-10.7%
2651
-11.2%
2987
-19.6%
3713
6.5%
3487
-0.5%
3505
35.1%
2595
91.5%
1355
-22.2%
1741
-
Net Operating Income
(INR Cr)
2837
-17.78%
3450
-0.38%
3463
56.56%
2212
-22.79%
2865
-17.87%
3489
15.00%
3042
24.37%
2445
2.48%
2386
-9.64%
2641
0.00%
3067
-17.06%
3697
5.44%
3507
3.12%
3400
35.21%
2515
88.86%
1332
-20.56%
1676
20.16%
Profit
(INR Cr)
-116
-
-198
-
63
-47.4%
119
-
-208
-
-90
-
-84
-
-93
-
-139
-
-143
-
-144
-
-101
-
-79
-
88
39.0%
63
27.5%
50
24.0%
40
-
Assets
(INR Cr)
2874
23.6%
2326
-0.1%
2329
3.5%
2251
58.7%
1418
195.8%
480
-45.7%
883
-25.2%
1179
-24.2%
1556
-4.1%
1623
-0.3%
1627
-6.9%
1746
-4.3%
1825
-2.8%
1877
23.6%
1518
13.4%
1339
12.1%
1194
-
Net Worth
(INR Cr)
1446
-6.2%
1541
-11.7%
1745
16.8%
1493
-389.2%
-516
70.4%
-303
43.7%
-214
-63.6%
-131
-425.4%
-25
-121.8%
114
0.0%
259
-36.1%
405
-17.7%
491
-13.8%
570
16.3%
490
12.7%
435
10.9%
392
9.3%
Employee Cost
(INR Cr)
124
-6.9%
134
9.4%
122
16.9%
105
-11.8%
119
-0.2%
119
-9.1%
131
6.9%
122
4.4%
117
5.5%
111
29.0%
86
-1.2%
87
3.0%
84
15.7%
73
50.0%
49
27.9%
38
-7.7%
41
-
Interest Cost
(INR Cr)
52396059202204191186188183158156154100875564
Cash & Bank Balance
(INR Cr)
1894497355142016410385485532313621357376
Total Debt
(INR Cr)
12427815807481927778109113041568149413541329132212981028904802

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS20242023202220212020201920182017201620152014201320122011201020092008
Profit As % Of Revenues --1.8%5.4%---------2.5%2.4%3.7%2.3%
Profit As % Of Assets --2.7%5.3%---------4.7%4.2%3.7%3.4%
Profit As % Of Networth --3.6%8.0%---------15.4%12.9%11.4%10.2%
Interest Cost to EBITDA % --36.8%26.1%346.7%121.6%113.7%122.1%179.0%168.5%304.0%183.0%152.7%35.5%37.5%35.9%37.4%
Debt to Equity Ratio 0.860.510.330.50-----13.075.233.292.692.282.102.082.04
RONW --3.8%23.9%---------16.6%13.7%16.0%10.7%
ROCE 0.0%0.0%5.3%9.7%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.3%1.2%13.0%12.6%13.2%11.8%