Garg Acrylics Ltd

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

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
PARAMETERS202420232022202120202019201820172016
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)
483547585960586264
Cash & Bank Balance
(INR Cr)
755355734
Total Debt
(INR Cr)
533399466568600625665671727

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202420232022202120202019201820172016
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 1.160.821.002.102.352.312.612.773.28
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%