Garware Technical Fibres Ltd

Garware Technical Fibres Ltd

₹ 882 -1.51%
23 May 4:01 p.m.
About

Established in 1976, Garware-Wall Ropes (GWRL) is one of India's leading players in the technical textiles sector, providing specialized solutions to the cordage and infrastructure industry worldwide. The company manufactures and provides world class solutions in high performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting and geosynthetics.

Key Points

Market Position
The company is among the Top 50 companies and in the Top 25 Technical Textile Manufacturing companies in India as per GPTW. [1]

  • Market Cap 8,772 Cr.
  • Current Price 882
  • High / Low 986 / 635
  • Stock P/E 41.0
  • Book Value 123
  • Dividend Yield 0.07 %
  • ROCE 23.1 %
  • ROE 17.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 7.18 times its book value
  • The company has delivered a poor sales growth of 9.52% over past five years.
  • Dividend payout has been low at 4.85% of profits over last 3 years

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
362 293 352 250 359 320 321 268 371 356 405 353 375
285 256 292 209 283 261 258 223 280 282 316 295 300
Operating Profit 77 37 59 40 76 59 63 45 91 74 89 58 75
OPM % 21% 13% 17% 16% 21% 18% 20% 17% 25% 21% 22% 16% 20%
5 5 8 8 8 9 10 11 12 10 9 9 9
Interest 1 3 3 3 3 4 4 3 5 6 6 4 3
Depreciation 5 5 5 6 6 6 6 7 7 7 7 7 7
Profit before tax 75 34 58 40 75 58 62 47 91 72 85 55 73
Tax % 23% 23% 21% 24% 24% 23% 24% 23% 24% 21% 25% 23% 30%
57 26 46 30 57 44 48 36 70 56 64 42 51
EPS in Rs 5.54 2.52 4.46 2.95 5.59 4.36 4.66 3.51 6.84 5.68 6.45 4.27 5.17
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
685 782 825 846 885 1,018 945 1,017 1,174 1,248 1,272 1,489
622 703 722 710 724 826 767 819 957 1,035 1,014 1,193
Operating Profit 62 79 103 136 161 192 178 199 217 213 258 296
OPM % 9% 10% 13% 16% 18% 19% 19% 20% 18% 17% 20% 20%
4 4 6 8 18 21 69 35 25 28 42 37
Interest 13 10 9 7 10 14 11 10 10 12 17 19
Depreciation 14 12 13 14 15 17 19 21 21 22 26 28
Profit before tax 39 60 87 123 153 182 216 203 210 207 258 286
Tax % 32% 29% 29% 32% 31% 31% 18% 24% 23% 23% 24% 25%
27 43 62 84 105 126 178 155 161 159 197 214
EPS in Rs 2.34 3.94 5.66 7.71 9.61 11.48 16.27 15.00 15.59 15.61 19.32 21.57
Dividend Payout % 22% 15% 12% 13% 9% 9% 21% 3% 9% 4% 3% 7%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 8%
TTM: 17%
Compounded Profit Growth
10 Years: 17%
5 Years: 4%
3 Years: 10%
TTM: 9%
Stock Price CAGR
10 Years: 38%
5 Years: 28%
3 Years: 15%
1 Year: 37%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 17%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 22 22 22 22 22 22 22 21 21 20 20 99
Reserves 253 288 343 424 514 628 751 821 976 1,006 1,211 1,121
71 40 45 86 138 108 100 97 80 134 122 65
252 349 411 309 310 319 330 385 354 333 403 433
Total Liabilities 599 699 821 841 984 1,077 1,204 1,323 1,430 1,492 1,757 1,718
153 166 199 203 221 227 244 247 240 245 261 276
CWIP 7 7 0 0 0 0 0 0 0 0 0 0
Investments 9 9 9 111 245 331 423 514 568 666 738 751
429 517 613 526 518 519 537 562 622 582 758 690
Total Assets 599 699 821 841 984 1,077 1,204 1,323 1,430 1,492 1,757 1,718

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
79 74 143 120 28 133 144 205 60 185 198 181
-20 -25 -37 -147 -53 -78 -58 -121 7 -103 -54 12
-70 -48 -36 27 29 -56 -69 -107 -33 -85 -38 -330
Net Cash Flow -11 2 70 1 4 -1 18 -22 34 -2 107 -137

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 76 85 94 85 90 87 83 77 81 64 73 74
Inventory Days 146 138 145 176 206 186 251 218 198 171 243 209
Days Payable 74 67 186 247 257 215 268 298 212 170 229 222
Cash Conversion Cycle 148 156 53 14 40 58 66 -3 67 65 87 61
Working Capital Days 88 74 60 49 81 76 78 55 80 66 65 93
ROCE % 14% 20% 25% 28% 26% 26% 28% 23% 22% 19% 22% 23%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
52.62% 52.61% 52.70% 52.70% 52.70% 52.70% 52.70% 52.70% 53.00% 53.00% 53.00% 53.00%
7.39% 8.33% 8.46% 8.57% 8.62% 8.58% 8.77% 9.34% 9.55% 9.82% 10.15% 9.80%
5.93% 6.62% 6.98% 7.59% 8.76% 9.62% 10.19% 10.02% 10.39% 10.44% 10.37% 10.97%
34.07% 32.44% 31.85% 31.12% 29.90% 29.09% 28.33% 27.95% 27.06% 26.74% 26.50% 26.24%
No. of Shareholders 45,01944,51844,34642,85942,62541,18538,11192,44537,16436,83242,65446,773

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls