Garg Acrylics Ltd
Ludhiana spinner with 3.65 lakh spindles and ₹1,800 Cr of sales; quoted only on the illiquid MSEI, so dealers trade it as an unlisted share.
Market cap
₹407.13 Cr
1.06 Cr shares
P/E ratio
33.10
Sector average 20
Book value
₹369.36
P/B 1.04
1-year return
+0.00%
52w ₹383 – ₹383
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹383 → ₹383
52-week band in this window: ₹383.00 – ₹383.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- 3.65 lakh spindles at Ludhiana; cotton, acrylic and melange yarns plus garments.
- Sales ₹1,817 Cr and net profit ₹12.26 Cr in FY26 (FY25: ₹21.40 Cr).
- Listed only on the illiquid MSEI; 1.063 Cr shares, promoters hold 56.29%.
About Garg Acrylics
Garg Acrylics Limited, incorporated on 22 November 1983 with its registered office in Delhi and mills in Ludhiana, is one of India's larger yarn spinners. It runs about 3,65,000 spindles producing roughly 2,15,000 kg a day of cotton, acrylic, blended, dyed and melange yarns, and also makes fabrics and garments. The Garg family (Sanjiv, Rajiv and Ujjwal Garg) controls about 56% of the equity.
The shares are listed on the Metropolitan Stock Exchange of India (ticker GARG) after the Delhi Stock Exchange closed, but there is effectively no exchange trading; the company nonetheless publishes quarterly results. It is not listed on NSE or BSE, and dealers quote it as an unlisted share.
Sales were about ₹1,754 Cr in FY25 with net profit of ₹21.40 Cr, and ₹1,817 Cr in FY26 with net profit down 43% to ₹12.26 Cr as yarn spreads narrowed. The June 2026 quarter showed a sharp profit rebound. Paid-up capital is ₹10.63 Cr (1.063 Cr shares of ₹10), so the ₹383 quote values the company at about ₹407 Cr.
Figures preliminary; verify from MCA filings. Financial line items on this page are compiled from dealer summaries and registry snapshots; where a year is not disclosed, minimal estimates are shown and marked preliminary.
Where the revenue comes from
- Yarns85%
Cotton, acrylic, blended, dyed and melange yarns
- Fabrics & garments15%
Knitted fabrics and garments
Products & services
Cotton & blended yarns
Carded, combed, dyed and melange yarns for knitting and weaving.
Acrylic yarns
Acrylic and acrylic-blend yarns for hosiery and winter wear.
Fabrics & garments
Knitted fabrics and garments for domestic brands and export.
What works
- • Scale spinner: 3.65 lakh spindles, integrated dyeing and garmenting, 2,700-plus employees.
- • Revenue near ₹1,800 Cr with quarterly disclosure through its MSEI listing — unusual transparency for a dealer-traded stock.
- • Promoter holding of 56% leaves a sizeable public float.
What to watch
- • Thin, volatile margins: FY26 net profit fell 43% to ₹12.26 Cr on ₹1,817 Cr of sales.
- • Cotton and acrylic fibre price swings and export demand drive earnings; the business carries meaningful working-capital debt (CRISIL-rated).
- • MSEI listing offers no real liquidity; dealer spread and settlement risk apply.
- • The company has been in long-running income-tax litigation (assessments contested up to the Delhi High Court).
- • Figures preliminary; verify from MCA filings.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Garg AcrylicsThis page | ₹383.00 | ₹407.13 Cr | 33.10 | 1.04 | +4.94% |
| Mayasheel Retail | ₹26.00 | ₹78 Cr | 23.64 | 1.54 | +22.47% |
Latest reported year: FY26 ending 31 Mar 2026.