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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil BBB/Stable
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 12 Jun 2025
This rating is over a year old.
View Full ReportValuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Garg Acrylics Limited is a four-decade-old acrylic and synthetic yarn manufacturer based in North Delhi's Wazirpur Industrial Area. It operates through a group structure including a trading subsidiary, Garg International. As an unlisted company with limited public disclosures, financial performance is opaque, but the business serves a real demand in India's textile supply chain with a long operating track record.
Pros
Cons
Business Segments
Yarn Manufacturing
Manufacturing of acrylic, polyester, and cotton yarn for sale to textile processors and weavers
Textile Trading
Trading of textile products through subsidiary Garg International under the Indian Partnership Act
Revenue Model
Revenue generated through sale of manufactured acrylic and synthetic yarn to textile processors, supplemented by trading income from the Garg International subsidiary dealing in textile products.
Detailed Analysis
Growth Plans
India's Production Linked Incentive (PLI) scheme for textiles supports domestic yarn and fabric manufacturing
Global China+1 sourcing strategy creates export opportunities for Indian textile manufacturers
Industry Tailwinds
India's Production Linked Incentive (PLI) scheme for textiles supports domestic yarn and fabric manufacturing
Global China+1 sourcing strategy creates export opportunities for Indian textile manufacturers
Comparable Companies
Frequently Asked Questions
About Garg Acrylics Limited
Garg Acrylics Limited is a Delhi-based textile manufacturer incorporated on 22 November 1983, specialising in the production of dyed cotton yarn, acrylic yarn, polyester yarns, and specialty melange yarns. With CIN L74999DL1983PLC017001, the company has been operating for over four decades and has established a strong presence in the Indian yarn manufacturing sector. The company operates eight manufacturing locations across India, with primary facilities in Ludhiana and Bathinda (Punjab), as well as its registered office in Delhi's Wazirpur Industrial Area. Garg Acrylics reported revenue exceeding Rs 500 crore in FY2024, with a revenue growth rate of 9.24% year-on-year and remarkable EBITDA growth of 114.99%. The net profit margin stands at 2.9%, with a return on equity of 10.31%. Managed by Managing Directors Rajiv Garg and Sanjiv Garg, who together hold the majority stake and bring 16+ years of leadership experience, the company serves both domestic textile mills and export markets. Its authorised capital is Rs 31.2 crore with paid-up capital of Rs 10.6 crore. Garg Acrylics supplies yarns to knitwear manufacturers, weaving mills, and garment exporters, particularly in Punjab's textile hub, making it an important supplier in the textile value chain.
Key Milestones
Incorporated in 1983 in Delhi as a Public Limited Company under CIN L74999DL1983PLC017001
Established manufacturing operations at Wazirpur Industrial Area, North Delhi
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Industry Headwinds
Volatile petrochemical raw material prices compress manufacturing margins
Competition from organized large-scale players and low-cost imports
Acrylic yarn manufacturing depends on acrylonitrile, a petrochemical derivative with volatile prices linked to global crude oil markets, impacting input costs.
Source: Media Reports / Public Records
Competes with large organized yarn manufacturers and Chinese imports in a price-sensitive commodity segment with limited differentiation.
Source: Media Reports / Public Records
Demand for acrylic yarn is cyclical and linked to garment and knitwear industry performance, which is sensitive to domestic and export market conditions.
Source: Media Reports / Public Records
Acrylic yarn manufacturing depends on acrylonitrile, a petrochemical derivative with volatile prices linked to global crude oil markets, impacting input costs.
Competes with large organized yarn manufacturers and Chinese imports in a price-sensitive commodity segment with limited differentiation.
Demand for acrylic yarn is cyclical and linked to garment and knitwear industry performance, which is sensitive to domestic and export market conditions.
VTL · ~12000 Cr
PE: ~15xx
ICIL · ~4000 Cr
PE: ~18xx
NAHARSPING · ~800 Cr
PE: ~10xx
Formed subsidiary Garg International as a partnership firm for textile trading activities