Garware Hi Tech Films Ltd

Garware Hi Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Garware Hi Tech Films Ltd

₹ 4,290 0.41%
27 May - close price
garwarehitechfilms.com BSE: 500655 NSE: GRWRHITECH
About

Garware Polyester is the world's No.1 vertically integrated ''Chip to Film'' manufacturing company.[1]

Key Points

Market Position
The company is a leading Indian manufacturer of polyester films and high-margin specialty films. It is also the sole producer of Solar Control window films in India and the only company globally with backward integration for producing the raw materials and components needed for these films. [1] It is a leading player in India's shrink film market with a 70% market share. [2]

Website BSE NSE
  • Market Cap ₹ 9,947 Cr.
  • Current Price ₹ 4,290
  • High / Low ₹ 5,378 / 1,551
  • Stock P/E 30.0
  • Book Value ₹ 1,021
  • Dividend Yield 0.23 %
  • ROCE 20.5 %
  • ROE 15.0 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 31.3% CAGR over last 5 years

Cons

  • Company has a low return on equity of 11.8% over last 3 years.
  • Working capital days have increased from 59.8 days to 120 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
324 370 395 324 349 380 397 454 447 474 621 466 548
268 308 328 279 296 316 332 379 368 356 484 385 443
Operating Profit 55 62 67 45 53 64 65 75 78 119 137 81 104
OPM % 17% 17% 17% 14% 15% 17% 16% 17% 18% 25% 22% 17% 19%
15 8 9 7 17 9 9 9 12 11 14 12 17
Interest 5 4 4 4 5 4 4 2 2 2 2 2 2
Depreciation 7 7 8 8 10 10 10 10 10 10 10 10 10
Profit before tax 59 59 64 40 56 59 61 73 78 118 138 81 109
Tax % 23% 25% 25% 25% 23% 25% 24% 23% 26% 25% 25% 25% 29%
45 45 48 30 43 44 46 56 58 88 104 61 78
EPS in Rs 19.42 19.17 20.72 13.09 18.54 18.81 19.76 24.05 24.88 38.03 44.88 26.17 33.49
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
843 896 857 874 833 948 925 989 1,303 1,438 1,677 2,109
774 836 776 801 750 804 763 770 1,065 1,211 1,395 1,668
Operating Profit 69 60 81 73 83 144 162 219 238 227 282 441
OPM % 8% 7% 9% 8% 10% 15% 17% 22% 18% 16% 17% 21%
16 27 6 8 5 9 12 15 39 42 39 54
Interest 37 44 44 33 25 19 18 20 18 17 12 9
Depreciation 34 15 17 14 14 14 20 24 28 32 39 41
Profit before tax 14 27 27 34 50 120 135 190 231 220 270 445
Tax % 26% 35% 38% 33% 34% 32% 36% 34% 28% 24% 25% 26%
10 18 16 22 33 82 86 126 167 166 203 331
EPS in Rs 4.41 7.64 7.08 9.66 14.26 35.14 37.03 54.21 71.96 71.51 87.50 142.57
Dividend Payout % 0% 0% 0% 10% 14% 28% 27% 18% 14% 14% 11% 8%
Compounded Sales Growth
10 Years: 9%
5 Years: 18%
3 Years: 17%
TTM: 26%
Compounded Profit Growth
10 Years: 35%
5 Years: 31%
3 Years: 29%
TTM: 63%
Stock Price CAGR
10 Years: 44%
5 Years: 95%
3 Years: 85%
1 Year: 166%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 12%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 530 545 562 1,231 1,269 1,349 1,380 1,540 1,688 1,833 2,022 2,349
440 368 315 312 171 149 147 138 182 141 0 15
96 105 119 87 107 125 128 167 240 218 279 295
Total Liabilities 1,089 1,042 1,020 1,653 1,570 1,646 1,679 1,868 2,133 2,214 2,324 2,682
562 649 648 1,231 1,226 1,238 1,279 1,329 1,341 1,467 1,450 1,443
CWIP 86 11 5 8 10 11 20 11 96 10 2 38
Investments 1 1 1 29 36 120 116 226 274 393 363 643
441 381 366 386 298 277 264 302 423 344 508 557
Total Assets 1,089 1,042 1,020 1,653 1,570 1,646 1,679 1,868 2,133 2,214 2,324 2,682

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
22 91 101 77 134 141 99 199 172 218 172 330
-78 -20 -5 -12 -5 -101 -44 -126 -141 -168 46 -274
50 -107 -96 -40 -172 -49 -64 -36 6 -89 -169 -52
Net Cash Flow -6 -36 0 25 -43 -8 -9 38 37 -39 48 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 20 17 26 17 22 21 16 9 8 8 7
Inventory Days 107 93 111 90 82 70 100 128 145 109 132 116
Days Payable 30 30 36 39 54 68 62 89 76 57 73 55
Cash Conversion Cycle 102 82 91 77 44 24 58 54 79 60 67 68
Working Capital Days 70 55 50 49 25 7 19 9 26 23 36 120
ROCE % 5% 7% 8% 5% 5% 9% 10% 13% 13% 12% 14% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.72% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73% 60.73%
0.07% 0.12% 0.08% 0.18% 0.12% 0.14% 0.12% 0.31% 0.52% 1.56% 2.69% 3.50%
3.22% 2.03% 2.39% 2.19% 2.35% 3.49% 3.77% 4.21% 4.76% 4.48% 4.33% 4.75%
36.00% 37.13% 36.80% 36.91% 36.81% 35.65% 35.38% 34.75% 34.00% 33.25% 32.27% 31.03%
No. of Shareholders 31,08631,17331,92432,02231,58030,41038,09239,31642,19150,96355,51857,364

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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