What does Hind Syntex Limited manufacture?

Hind Syntex Limited is engaged in the manufacturing of synthetic yarn and textile products, including potentially polyester yarn, nylon yarn, and related synthetic fabric products at its Kurawar, Madhya Pradesh facility.

Is Hind Syntex Limited listed on any stock exchange?

No, Hind Syntex Limited is an unlisted public limited company. Its shares are not traded on BSE or NSE.

Who is Shailja Haldia?

Shailja Haldia is the Executive Director of Hind Syntex Limited, as per the company's annual report filings. She is associated with managing the company's operations.

Where is Hind Syntex Limited located?

Hind Syntex Limited is headquartered in Kurawar, Madhya Pradesh, India. CIN: L17118MP1980PLC001697.

What is the current financial condition of Hind Syntex Limited?

Based on the very low share price of Rs 0.05 (sub-penny stock), the company appears to be in significant financial distress or operating at minimal capacity. Investors should exercise extreme caution.

How do I buy Hind Syntex Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Hind Syntex Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Hind Syntex Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Hind Syntex Limited Unlisted Share Price | Buy Hind Syntex Limited Pre-IPO Shares — wisefolio

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

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Hind Syntex Limited Unlisted Share Price | Buy Hind Syntex Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Hind Syntex Limited is a 44-year-old synthetic textile manufacturer in severe financial distress, as evidenced by its Rs 0.05 share price. While India's synthetic textile sector has long-term growth potential, this company's near-dormant status, small scale, and capital constraints make a turnaround highly uncertain. It represents a high-risk, speculative unlisted investment.

Pros

Long operating history since 1980, representing over four decades of experience in India's textile sector
Located in Kurawar, Madhya Pradesh, which offers lower operating costs compared to Maharashtra and Gujarat textile hubs
Synthetic yarn and textile manufacturing benefits from India's growing apparel exports and domestic garment demand
Central Indian location in Madhya Pradesh provides access to both northern and southern markets
India's production-linked incentive (PLI) scheme for textiles offers potential benefits for yarn and fabric manufacturers

Cons

Extremely low share price of Rs 0.05 suggests deep financial distress or near-dormant operational status
No subsidiaries as of 2018 filing indicates limited scale and lack of diversification
Synthetic textile manufacturing faces increasing competition from cheaper imports and large-scale Indian mills
Small unlisted Madhya Pradesh manufacturer has limited capital access and technological modernisation capacity
India's textile sector is highly competitive with thin margins and vulnerable to raw material (polyester, nylon) price cycles
Potential challenges from growing environmental regulatory requirements for synthetic textile effluents

Business Segments

Synthetic Yarn Manufacturing

Production of synthetic yarn including polyester, nylon, or viscose yarn used in weaving and knitting fabrics for garment and home textile industries

Textile Fabric Production

Weaving or processing of synthetic and blended textile fabrics for the domestic apparel market

Revenue Model

Hind Syntex Limited earns revenue primarily from sale of synthetic yarn and textile products to garment manufacturers, fabric traders, and textile processors. Revenue depends on production volumes, polyester and chemical feedstock input costs, and realisation prices in the competitive synthetic yarn market. Given the distressed share price, current revenues are likely minimal.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

India's textile PLI scheme could provide incentives for revival if the company can qualify and invest

Growing domestic demand for synthetic yarn driven by fast fashion and garment exports

Potential acquisition or merger with a larger textile group seeking Madhya Pradesh manufacturing capacity

Low-cost Madhya Pradesh location could be leveraged if operations are revived with modern technology

Industry Tailwinds

Recent Developments

India Textile PLI Scheme

India's Production Linked Incentive (PLI) scheme for textiles, worth Rs 10,683 crore, aims to boost man-made fibre and technical textile production; applicable to qualifying manufacturers in the synthetic segment.

2023

Polyester Raw Material Price Volatility

Purified Terephthalic Acid (PTA) and mono-ethylene glycol (MEG) prices surged in 2022 following crude oil volatility, severely compressing margins for synthetic yarn manufacturers.

2022

Comparable Companies

CompanyTypeTickerMkt Cap

Reliance Industries Limited (Polyester Division)ListedRELIANCE~Rs 18,00,000 Cr

SRF Limited (Packaging Films & Technical Textiles)ListedSRF~Rs 35,000 Cr

Reliance Industries Limited (Polyester Division)Listed

RELIANCE · ~Rs 18,00,000 Cr

SRF Limited (Packaging Films & Technical Textiles)Listed

SRF · ~Rs 35,000 Cr

Frequently Asked Questions

About Hind Syntex Limited

Hind Syntex Limited is a Madhya Pradesh-based synthetic textile manufacturer incorporated on 3 December 1980. With CIN L17118MP1980PLC001697, the company manufactures polyester yarn, viscose blended yarn, polyester sewing threads, and industrial yarn. The company is listed on BSE (BSE: 503881) and NSE (NSE: HINDSYNTEX) though trading is limited due to financial distress. Hind Syntex is currently under Corporate Insolvency Resolution Process (CIRP) following accumulated financial distress. The company has massive secured debt with Allahabad Bank charges of Rs 317.8 crore and Rs 221.2 crore, totaling over Rs 538 crore in bank debt. Historical financials show severe distress in FY2019 with net worth declining 149.1% and revenue declining 42.71%. Key directors include Balesh Kumar Bagree and Viveck Somiah Crishna. The company's Madhya Pradesh manufacturing operations have been affected by the insolvency proceedings. Any investment in Hind Syntex shares carries extreme risk of near-total capital loss given the CIRP status and scale of bank debt.

Key Milestones

1980: Company incorporated as a Public Limited Company in Madhya Pradesh; CIN L17118MP1980PLC001697

1980s: Established manufacturing operations in Kurawar, Madhya Pradesh during India's textile sector expansion under License Raj

Common questions about unlisted shares

How do I buy Hind Syntex Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Insolvency RiskHigh

The share price of Rs 0.05 indicates severe financial stress. The company may have accumulated significant losses, debt, or may be in a state of reduced operations or winding-down.

Source: IBBI / MCA Public Records

External / MacroLow

Synthetic yarn production depends on petrochemical inputs like PTA and MEG; crude oil price volatility directly impacts cost structures and margins.

Source: Company Financial Filings

Fraud / GovernanceLow

India's synthetic textile sector is dominated by large integrated players like Reliance Industries (polyester yarn), Indorama, and Rajasthan Spinning & Weaving Mills, creating severe competitive pressure for small operators.

Source: Media Reports / Public Records

Regulatory / LegalLow

Synthetic textile manufacturing generates effluents that are subject to MPPCB (Madhya Pradesh Pollution Control Board) regulations; non-compliance can result in closures.

Source: Regulatory Filings

Fraud / GovernanceLow

Unlisted status and distressed financial condition significantly limit access to bank credit, equity capital, and working capital required for revival.

Source: Media Reports / Public Records

Financial Distress Risk

The share price of Rs 0.05 indicates severe financial stress. The company may have accumulated significant losses, debt, or may be in a state of reduced operations or winding-down.

Raw Material Risk

Synthetic yarn production depends on petrochemical inputs like PTA and MEG; crude oil price volatility directly impacts cost structures and margins.

Competition Risk

Environmental Risk

Synthetic textile manufacturing generates effluents that are subject to MPPCB (Madhya Pradesh Pollution Control Board) regulations; non-compliance can result in closures.

Capital Access Risk

Unlisted status and distressed financial condition significantly limit access to bank credit, equity capital, and working capital required for revival.

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