Garware Technical Fibres Ltd
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.
- Market Cap ₹ 8,555 Cr.
- Current Price ₹ 862
- High / Low ₹ 986 / 630
- Stock P/E 37.2
- Book Value ₹ 113
- Dividend Yield 0.07 %
- ROCE 23.1 %
- ROE 18.5 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.62 times its book value
- The company has delivered a poor sales growth of 5.43% over past five 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.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Part of BSE Allcap BSE 500 BSE Consumer Discretionary BSE SmallCap BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
599 | 685 | 782 | 825 | 846 | 885 | 1,018 | 953 | 1,035 | 1,189 | 1,306 | 1,326 | 1,490 | |
541 | 622 | 703 | 722 | 710 | 724 | 826 | 775 | 830 | 966 | 1,076 | 1,054 | 1,178 | |
Operating Profit | 58 | 62 | 79 | 103 | 136 | 161 | 192 | 178 | 204 | 223 | 230 | 272 | 312 |
OPM % | 10% | 9% | 10% | 13% | 16% | 18% | 19% | 19% | 20% | 19% | 18% | 21% | 21% |
6 | 4 | 4 | 6 | 8 | 18 | 21 | 32 | 35 | 25 | 28 | 43 | 42 | |
Interest | 14 | 13 | 10 | 9 | 7 | 10 | 14 | 12 | 10 | 11 | 12 | 17 | 23 |
Depreciation | 16 | 14 | 12 | 13 | 14 | 15 | 17 | 19 | 21 | 21 | 22 | 26 | 28 |
Profit before tax | 33 | 39 | 61 | 87 | 123 | 153 | 182 | 179 | 208 | 216 | 223 | 272 | 303 |
Tax % | 26% | 32% | 29% | 29% | 32% | 31% | 31% | 21% | 24% | 24% | 23% | 23% | |
25 | 27 | 43 | 62 | 84 | 105 | 126 | 141 | 158 | 165 | 172 | 208 | 230 | |
EPS in Rs | 2.09 | 2.35 | 3.94 | 5.66 | 7.71 | 9.61 | 11.49 | 12.85 | 15.36 | 15.98 | 16.90 | 20.43 | 22.99 |
Dividend Payout % | 24% | 22% | 15% | 12% | 13% | 9% | 9% | 26% | 3% | 9% | 4% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 5% |
3 Years: | 9% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 12% |
3 Years: | 10% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 37% |
5 Years: | 28% |
3 Years: | 13% |
1 Year: | 33% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 19% |
3 Years: | 18% |
Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 24 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 21 | 20 | 20 | 20 |
Reserves | 243 | 254 | 289 | 344 | 424 | 515 | 628 | 717 | 790 | 950 | 996 | 1,213 | 1,103 |
110 | 71 | 40 | 45 | 86 | 138 | 108 | 133 | 102 | 80 | 134 | 123 | 146 | |
185 | 253 | 349 | 412 | 309 | 310 | 319 | 319 | 406 | 365 | 343 | 414 | 402 | |
Total Liabilities | 563 | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,672 |
154 | 153 | 166 | 199 | 203 | 221 | 227 | 244 | 247 | 240 | 246 | 262 | 267 | |
CWIP | 0 | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Investments | 9 | 9 | 9 | 9 | 111 | 244 | 330 | 376 | 467 | 521 | 617 | 689 | 614 |
399 | 430 | 517 | 613 | 528 | 519 | 521 | 570 | 605 | 654 | 630 | 820 | 790 | |
Total Assets | 563 | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,672 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
34 | 79 | 74 | 143 | 120 | 28 | 133 | 110 | 228 | 64 | 189 | 219 | |
2 | -20 | -25 | -37 | -147 | -53 | -78 | -47 | -120 | 8 | -102 | -73 | |
-38 | -70 | -48 | -36 | 27 | 29 | -56 | -37 | -135 | -38 | -85 | -39 | |
Net Cash Flow | -3 | -11 | 2 | 70 | 1 | 4 | -1 | 25 | -27 | 34 | 3 | 108 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 85 | 76 | 85 | 94 | 85 | 90 | 87 | 90 | 85 | 79 | 65 | 72 |
Inventory Days | 168 | 146 | 138 | 145 | 176 | 206 | 186 | 250 | 235 | 234 | 187 | 256 |
Days Payable | 79 | 74 | 67 | 186 | 247 | 257 | 215 | 241 | 308 | 220 | 169 | 227 |
Cash Conversion Cycle | 174 | 148 | 156 | 53 | 14 | 40 | 58 | 99 | 12 | 93 | 83 | 102 |
Working Capital Days | 114 | 88 | 74 | 60 | 49 | 81 | 76 | 92 | 60 | 85 | 72 | 69 |
ROCE % | 12% | 14% | 20% | 25% | 28% | 26% | 26% | 23% | 24% | 23% | 21% | 23% |
Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
24 Apr - Garware Technical Fibres reports nil borrowings and confirms not a Large Corporate per SEBI circular.
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Intimation For Change Of Email And Website Address Of The Registrar And Share Transfer Agent Of The Company
18 Apr - Change in RTA email and website address.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2025
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Announcement under Regulation 30 (LODR)-Credit Rating
2 Apr - ICRA reaffirms credit rating for Garware Technical Fibres.
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Dissemination Of Cautionary Letter
28 Mar - Cautionary letter received for late intimation of analysts meet.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Mar 2025TranscriptNotesPPT
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Dec 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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]