BSE: 509835
PREMIER SYNTHETICS LTD.
Trades textiles as its reported single continuing business, with a small secondary line trading raw material consumed in manufacturing of rubber tubes. The BSE-listed company (Ahmedabad-based) describes itself as a single-segment textile trader, with textile trading revenue of Rs 3.69 crore reported for the quarter ended September 2025 and Rs 0.31 crore for the quarter ended December 2024. A parallel disclosed line — trading of raw material for rubber tube manufacturing — contributed Rs 0.47 crore in the September 2025 quarter. The company is tiny by scale: revenue from operations was Rs 1,009.61 lakh in FY26, down from Rs 1,710.33 lakh in FY25, and total assets stood at Rs 31.2845 crore. Continuing textile trading was loss-making, which is why the FY26 bottom line of a Rs 41.62 lakh net loss could not be rescued the way it was in FY25 (when net profit was Rs 149.07 lakh) — discontinued operations also swung from a Rs 67.78 lakh profit to a Rs 136.44 lakh loss. Beyond trading, the company's books include related party transactions totalling Rs 17.5 crore with entities sharing common directors, and it carries 0.01% non-convertible non-cumulative redeemable preference shares listed on BSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading of Textiles, Trading of Raw Material consumed in manufacturing of Rubber Tubes. Very small, single-segment textile trader with a secondary rubber-tube raw material line and discontinued operations drag; continuing operations are loss-making
Exhibit 1: Financial summary, FY21–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 24 | 58 | 53 | 15 | 11 |
| EBITDA (ex other income) | 2 | 3 | 2 | (1) | (2) |
| margin % | 8.6 | 4.9 | 3.6 | (7.5) | (19.4) |
| Owners' profit | 2 | 3 | 0 | 1 | (0) |
| EPS, as reported (₹) | 3.45 | 5.45 | 0.05 | 4.80 | (0.91) |
| ROE % · ROCE % | 4.9 · 4.5 | 7.2 · 7.5 | 0.1 · 4.0 | 5.5 · 3.6 | (1.6) · (4.9) |
| Debt / equity (x) | 0.29 | 0.39 | 0.25 | 0.30 | 0.17 |
| Cash from operations | 1 | (2) | 3 | (3) | 2 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 2 | 1 | 3 | 3 | 4 | 2 | 2 |
| Profit before tax | 0 | 0 | (0) | 1 | 0 | (1) | (1) | 0 |
| Net profit | 0 | 0 | (0) | 1 | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.12 | 0.22 | (0.48) | 2.86 | 0.12 | 0.02 | 0.03 | 1.07 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Trading of Textiles | 4 | 50.0 |
| Trading of Raw Material consumed in manufacturing of Rubber Tubes | 1 | 9.9 |
| Trading of Textile | 3 | 40.1 |
| Total, before eliminations | 7 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 13.7 | 16.8 | 77 of 179 | 57% |
| P/B | 0.3 | 1.1 | 6 of 185 | 97% |
| ROCE | (5.8) | 4.3 | 193 of 215 | 10% |
| ROE | (1.6) | 4.7 | 158 of 188 | 16% |
| Debt / Equity | 0.2 | 0.4 | 66 of 188 | 65% |
| EBITDA margin | 19.3 | 9.8 | 32 of 198 | 84% |
| Revenue growth | (40.9) | 6.9 | 178 of 192 | 7% |
| Profit growth | (137.2) | 20.0 | 182 of 203 | 10% |
| Market cap | 8 | 61 | 208 of 223 | 7% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Premier Synthetics: No deviation in IPO proceeds; Reg 32 not applicable | compliance | minimal | — | — |
| 12 Oct 2026 · Routine RTA certificate filed under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 29 Sept 2026 · Scrutinizer Report: All 5 resolutions passed at 56th AGM | board shareholder meetings | low | — | — |
| 28 Sept 2026 · New Statutory Auditor Appointed for Five Year Term | management changes | medium | — | — |
| 28 Sept 2026 · 56th AGM held on 28 Sep 2026 - dividend declared, statutory auditor appointed | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 till 48 hours after Q2 results | compliance | minimal | — | — |
| 31 Aug 2026 · Notice of 56th AGM with e-voting details published in newspapers | compliance | minimal | — | — |
| 29 Aug 2026 · Premier Synthetics files FY26 Annual Report, 56th AGM on Sep 28, 2026 | compliance | medium | — | — |
| 29 Aug 2026 · 56th AGM on 28 Sept 2026; auditor appointment and related party deals on agenda | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Board approves FY2025-26 report and annexures | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.