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 ₹ 8,817 Cr.
- Current Price ₹ 887
- High / Low ₹ 986 / 635
- Stock P/E 38.1
- Book Value ₹ 125
- Dividend Yield 0.07 %
- ROCE 24.7 %
- ROE 18.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 7.09 times its book value
- The company has delivered a poor sales growth of 10.1% 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 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
685 | 782 | 825 | 846 | 885 | 1,018 | 953 | 1,035 | 1,189 | 1,306 | 1,326 | 1,540 | |
622 | 703 | 722 | 710 | 724 | 826 | 775 | 830 | 966 | 1,076 | 1,054 | 1,221 | |
Operating Profit | 62 | 79 | 103 | 136 | 161 | 192 | 178 | 204 | 223 | 230 | 272 | 319 |
OPM % | 9% | 10% | 13% | 16% | 18% | 19% | 19% | 20% | 19% | 18% | 21% | 21% |
4 | 4 | 6 | 8 | 18 | 21 | 32 | 35 | 25 | 28 | 43 | 38 | |
Interest | 13 | 10 | 9 | 7 | 10 | 14 | 12 | 10 | 11 | 12 | 17 | 20 |
Depreciation | 14 | 12 | 13 | 14 | 15 | 17 | 19 | 21 | 21 | 22 | 26 | 28 |
Profit before tax | 39 | 61 | 87 | 123 | 153 | 182 | 179 | 208 | 216 | 223 | 272 | 308 |
Tax % | 32% | 29% | 29% | 32% | 31% | 31% | 21% | 24% | 24% | 23% | 23% | 25% |
27 | 43 | 62 | 84 | 105 | 126 | 141 | 158 | 165 | 172 | 208 | 232 | |
EPS in Rs | 2.35 | 3.94 | 5.66 | 7.71 | 9.61 | 11.49 | 12.85 | 15.36 | 15.98 | 16.90 | 20.43 | 23.33 |
Dividend Payout % | 22% | 15% | 12% | 13% | 9% | 9% | 26% | 3% | 9% | 4% | 3% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 9% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 11% |
3 Years: | 12% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 28% |
3 Years: | 15% |
1 Year: | 37% |
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 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 | 254 | 289 | 344 | 424 | 515 | 628 | 717 | 790 | 950 | 996 | 1,213 | 1,142 |
71 | 40 | 45 | 86 | 138 | 108 | 133 | 102 | 80 | 134 | 123 | 65 | |
253 | 349 | 412 | 309 | 310 | 319 | 319 | 406 | 365 | 343 | 414 | 450 | |
Total Liabilities | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,757 |
153 | 166 | 199 | 203 | 221 | 227 | 244 | 247 | 240 | 246 | 262 | 277 | |
CWIP | 7 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 9 | 9 | 9 | 111 | 244 | 330 | 376 | 467 | 521 | 617 | 689 | 703 |
430 | 517 | 613 | 528 | 519 | 521 | 570 | 605 | 654 | 630 | 820 | 777 | |
Total Assets | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 | 1,493 | 1,771 | 1,757 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 74 | 143 | 120 | 28 | 133 | 110 | 228 | 64 | 189 | 219 | 195 | |
-20 | -25 | -37 | -147 | -53 | -78 | -47 | -120 | 8 | -102 | -73 | -3 | |
-70 | -48 | -36 | 27 | 29 | -56 | -37 | -135 | -38 | -85 | -39 | -331 | |
Net Cash Flow | -11 | 2 | 70 | 1 | 4 | -1 | 25 | -27 | 34 | 3 | 108 | -139 |
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 | 76 | 85 | 94 | 85 | 90 | 87 | 90 | 85 | 79 | 65 | 72 | 75 |
Inventory Days | 146 | 138 | 145 | 176 | 206 | 186 | 250 | 235 | 234 | 187 | 256 | 227 |
Days Payable | 74 | 67 | 186 | 247 | 257 | 215 | 241 | 308 | 220 | 169 | 227 | 221 |
Cash Conversion Cycle | 148 | 156 | 53 | 14 | 40 | 58 | 99 | 12 | 93 | 83 | 102 | 81 |
Working Capital Days | 88 | 74 | 60 | 49 | 81 | 76 | 92 | 60 | 85 | 72 | 69 | 96 |
ROCE % | 14% | 20% | 25% | 28% | 26% | 26% | 23% | 24% | 23% | 21% | 23% | 25% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Copy of newspaper advertisement published in Business Standard (All India) and Loksatta (Pune) editions on Friday 16th May 2025
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 May - Annual Secretarial Compliance Report confirming full SEBI compliance for FY ended March 31, 2025.
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Appointment Of M/S SVD & Associates As The Secretarial Auditors Of The Company
15 May - Cessation of Head - Human Capital Mr. Ravendra Mishra due to superannuation on 15 May 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - Garware Technical Fibres FY25 net profit up 10%, sales up 16%, EBITDA up 17%, strong segment growth.
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Announcement under Regulation 30 (LODR)-Change in Management
15 May - Audited FY25 results approved; Rs.1.50/share dividend recommended; new secretarial auditor appointed.
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
from nse
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Financial Year 2012
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Financial Year 2011
from bse
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]