Banswara Syntex Limited (BANSWRAS.BO)
Banswara Syntex Limited operates in the Manufacturing - Textiles industry of the Consumer Cyclical sector, headquartered in Mumbai, MA, IN. The stock last traded at $115.55, down 3.43% on the session, giving a market capitalisation of $3.96B. Its beta of -0.09 implies it has historically moved less than the broad market.
Banswara Syntex Limited is an Indian textile enterprise focused on the manufacturing, marketing, and distribution of a wide array of textile products. The company's diverse offerings include various yarns, such as spun synthetic blends, wool, wool mixes, polyester, viscose, acrylic, lycra, linen, and high-twist varieties. They also produce an extensive range of fabrics, from spun synthetic, worsted, cotton, and linen to specialized shirting, technical, jacquard, poly/viscose, and knitted materials. Additionally, Banswara Syntex manufactures ready-to-wear garments like trousers, jackets, and waistcoats. The firm provides advanced textile solutions, including performance-finished fabrics and technical textiles designed for challenging environments like high-altitude weather and sportswear. Their product line extends to automotive fabrics for trimming vehicle seats and doors, along with comprehensive yarn and piece dyeing services. A key specialty is fire-retardant fabrics, which find application in curtains, upholstery, drapes, wall paneling, cushion covers, sheets, and tent linings. These flame-resistant textiles are also crucial for furnishing public and commercial spaces such as auditoriums, multiplexes, hotels, railway coaches, airlines, ships, and buses. These materials cater to a broad spectrum of uses, including men's and women's fashion and home textile furnishings, offered in numerous blends. Banswara Syntex has a strong international footprint, exporting its products to 50 countries globally, including prominent markets like the United States, the United Kingdom, Canada, Spain, Germany, Japan, France, the United Arab Emirates, and Turkey. Founded in 1976, the company is headquartered in Mumbai, India.
Banswara Syntex Limited is most often compared with the following Consumer Cyclical names: