Garg Acrylics Ltd
Next 500 2024
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OVERVIEW
FINANCIALS
About
Garg Acrylics Ltd. is a leading textile manufacturer in India, producing a wide range of yarns, fabrics, and garments. The company specializes in acrylic, polyester, and blended yarns, supplying to both domestic and international markets. With state-of-the-art manufacturing facilities and a commitment to quality, Garg Acrylics serves industries such as fashion, home textiles, and technical textiles. Its integrated operations ensure efficiency and consistency in production, making it a trusted partner for textile businesses worldwide. The company focuses on innovation and sustainability, continuously adapting to evolving industry trends and customer demands.
Incorporation Year: 1983
Headquarters: Ludhiana, Punjab, India
Top Management: Sandeep Garg (Managing Director)
Industry: Textiles & Garments
Website: gargacrylics.com
Featured In Fortune India Ranking
Next 500 India
#331(2024)#128(2023)#179(2022)#182(2021)#146(2019)
#331(2024)#128(2023)#179(2022)#182(2021)#146(2019)
Ranking Trend Fortune Next 500 India
Financial Data 2024
Revenue
1,579
(INR Cr)
Net Operating Income
1,605
(INR Cr)
Assets
996
(INR Cr)
Profit
-27
(INR Cr)
Net Worth
459
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1579 -7.1% | 1699 -13.3% | 1960 56.4% | 1253 -9.8% | 1388 -25.5% | 1864 40.0% | 1332 7.3% | 1241 -2.4% | 1272 - |
| Net Operating Income (INR Cr) | 1605 0.21% | 1602 -17.45% | 1940 53.48% | 1264 -9.37% | 1395 -24.43% | 1846 36.66% | 1351 10.64% | 1221 0.00% | 1258 0.00% |
| Profit (INR Cr) | -27 - | 22 -88.8% | 198 1264.5% | 15 - | -16 - | 16 27.4% | 12 -5.6% | 13 -8.7% | 14 - |
| Assets (INR Cr) | 996 12.1% | 888 -5.2% | 937 11.3% | 842 -3.1% | 869 -4.4% | 909 -1.5% | 923 0.8% | 916 -8.7% | 1002 - |
| Net Worth (INR Cr) | 459 -5.3% | 485 3.9% | 466 72.2% | 271 6.3% | 255 -6.0% | 271 6.4% | 255 5.2% | 242 0.0% | 222 0.0% |
| Employee Cost (INR Cr) | 105 -0.7% | 106 1.1% | 105 23.6% | 85 11.6% | 76 4.7% | 72 13.9% | 64 11.0% | 57 16.7% | 49 - |
| Interest Cost (INR Cr) | 48 | 35 | 47 | 58 | 59 | 60 | 58 | 62 | 64 |
| Cash & Bank Balance (INR Cr) | 7 | 5 | 5 | 3 | 5 | 5 | 7 | 3 | 4 |
| Total Debt (INR Cr) | 533 | 399 | 466 | 568 | 600 | 625 | 665 | 671 | 727 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | - | 1.3% | 10.1% | 1.2% | - | 0.8% | 0.9% | 1.0% | 1.1% |
| Profit As % Of Assets | - | 2.5% | 21.1% | 1.7% | - | 1.7% | 1.3% | 1.4% | 1.4% |
| Profit As % Of Networth | - | 4.6% | 42.5% | 5.4% | - | 5.8% | 4.8% | 5.3% | 6.4% |
| Interest Cost to EBITDA % | 94.0% | 38.2% | 13.5% | 45.8% | 55.6% | 39.3% | 40.0% | 40.3% | 43.0% |
| Debt to Equity Ratio | 1.16 | 0.82 | 1.00 | 2.10 | 2.35 | 2.31 | 2.61 | 2.77 | 3.28 |
| RONW | - | 4.7% | 53.7% | 5.5% | - | 5.9% | 4.9% | 5.4% | 6.4% |
| ROCE | 2.5% | 7.0% | 34.8% | 8.6% | 4.1% | 9.1% | 8.4% | 8.8% | 8.0% |