cover-yarns Cloud Cloud Cloud Cloud Cloud Cloud Cloud Cloud Cloud Cloud Cloud

Annual Report 2021-2022

Download PDF

Scaling New Heights

Consistent progress in topline and margins over the years despite macro-economic challenges ensured that we continue our transformation journey on the business front with sustainable and profit count-upable growth. We are scaling new heights in our journey each year and the efforts are visible in financial performance and operational excellence. A strong balance sheet is the foundation for future growth and expansion, and a cornerstone of trust for our investors and partners. In FY 21-22, AYM Syntex continued to deliver on its various stakeholder commitments.

Read More
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread
Thread

Continued Growth Through Consistent Action

Numbers that define us

Revenue

1491Crores

EBITDA

166Crores

RoCE

17%

Read More

AYM Syntex has been on a transformation journey since last few years, where its operating model and focus areas have seen a significant shift founded on the principle of business resilience. Our belief in our Strategic business along with consistent actions has enabled us to overcome the challenges, become robust with each passing year and scale newer heights.

- Abhishek R Mandawewala

MD & CEO

MD & Director
Read the Full MD & CEO Message Meet Our Leadership

Corporate Overview

AYM Syntex is one of the largest manufacturers of Multipolymer Textile and one of the largest exporters of Bulk Continuous Filament (BCF) yarns in India. We offer a wide variety of specialty yarns through multiple brand names, which are used globally for various industrial as well as consumer applications.

In addition to our world-class products, what differentiates us is our ability to understand market trends and develop new products that meet our customer specific needs. To help the customers with their unique requirements, we take a partnership approach to co-create highly customised products for them. Moreover, we continue our journey of progressive transition from a commodity-driven business model to one that relies on high entry barrier products, thereby enabling us to differentiate ourselves from others.

Our Core Values

Our core values of customer focus, innovation, and people development are integral to our guiding philosophy. These define us at the organisational level. Every action we take towards consistent and sustainable growth stems from our underlying values and principles that guide us in making the right decisions. We encourage a deep understanding of these core values across the organisation to build a distinctive culture.

01

customer

Customer Focus

Keeping our customers in focus and as partners in creating and delivering solutions

02

Innovation

Innovation

Experimenting and customising to develop better solutions and create greater value

03

People Development

People Development

Empowering our people through service and support

Overview Bg

A Year in Review: Growth Indicators

Revenue from Operations (₹ Crores)

1.6x

FY 22 1491.5
FY 21 947.4

Sales Volumes (MT)

26.8%

FY 22 63031
FY 21 49697

Exports (₹ Crores)

67.1%

FY 22 661.6
FY 21 395.9

Market Capitalisation (₹ Crores)

142.6%

FY 22 563.7
FY 21 232.4

EBITDA (₹ Crores)

76.3%

FY 22 166.1
FY 21 94.2

EBITDA %

120 bps

FY 22 11.1
FY 21 9.9

PAT (₹ Crores)

260%

FY 22 50.8
FY 21 14.1

EPS (₹)

3.6x

FY 22 10.1
FY 21 2.8

RoCE

1.9x

FY 22 17.3
FY 21 9.0

Net Debt / EBITDA (Ratio)

24.4%

FY 22 1.5
FY 21 2.0

Debt Equity (Ratio)

8.2%

FY 22 0.67
FY 21 0.62

Fixed Asset Coverage (Ratio)

11.7%

FY 22 2.7
FY 21 2.4
See More

Creating Value For Everyone

Financial Capital

59 Crores

Cash generated from operations

Funds allocated and efficiently utilised by the company to power business activities

Manufactured Capital

93K + MT

Total annual yarn manufacturing capacity

Assets that facilitate optimised production and value creation

Human Capital

2300+

People employed

People onboarded, trained, and empowered to drive business

Read More

Enhancing Our Capabilities

Digital

To prepare for a digital-first future, we have been consistently taking measures to modernise our plants and offices with digital capabilities.

People

We strive to maintain an environment that is conducive to collaboration, growth, and fulfillment.

Communities

We are driven by our vision to uplift the underprivileged from the vicious cycle of poverty.

Future Ready

Adapting to agile and flexible work structure, embracing efficient working capital management, and expanding our current market segments - that’s how we endeavour to create value for our stakeholders at each step. As we enter into a new fiscal year, the macro environment throws more challenges to us. We aim to continue our operations with agility, progressing towards excellence with ultimate passion and a renewed sense of purpose. We are committed to cater to the needs of our stakeholders with innovative solutions and go a step beyond our operations to contribute significantly to the well-being of our environment and community.