Garware Technical Fibres Ltd

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

Garware Technical Fibres Ltd

₹ 658 -0.56%
20 Feb - close price
garwareropes.com BSE: 509557 NSE: GARFIBRES
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]

Website BSE NSE
  • Market Cap ₹ 6,531 Cr.
  • Current Price ₹ 658
  • High / Low ₹ 986 / 588
  • Stock P/E 30.8
  • Book Value ₹ 131
  • Dividend Yield 1.22 %
  • ROCE 24.7 %
  • ROE 18.7 %
  • Face Value ₹ 10.0
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Pros

Cons

  • 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

Part of BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
275 370 326 328 289 382 336 421 351 433 367 348 387
227 291 267 260 236 291 272 329 286 334 299 299 316
Operating Profit 47 80 58 69 53 91 64 91 65 98 68 48 71
OPM % 17% 22% 18% 21% 18% 24% 19% 22% 18% 23% 19% 14% 18%
8 8 9 10 11 13 11 10 9 9 13 9 18
Interest 3 3 4 4 3 6 6 6 4 3 3 3 4
Depreciation 6 6 6 6 7 7 7 7 7 7 7 9 9
Profit before tax 47 78 57 68 55 91 62 88 62 97 70 46 75
Tax % 22% 24% 25% 23% 21% 23% 25% 25% 23% 27% 25% 30% 25%
37 60 43 52 43 70 47 66 48 71 53 32 56
EPS in Rs 3.59 5.86 4.22 5.15 4.25 6.88 4.71 6.64 4.81 7.16 5.35 3.22 5.66
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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 TTM
685 782 825 846 885 1,018 953 1,035 1,189 1,306 1,326 1,540 1,535
622 703 722 710 724 826 775 830 966 1,076 1,054 1,221 1,249
Operating Profit 62 79 103 136 161 192 178 204 223 230 272 319 286
OPM % 9% 10% 13% 16% 18% 19% 19% 20% 19% 18% 21% 21% 19%
4 4 6 8 18 21 32 35 25 28 43 38 49
Interest 13 10 9 7 10 14 12 10 11 12 17 20 14
Depreciation 14 12 13 14 15 17 19 21 21 22 26 28 33
Profit before tax 39 61 87 123 153 182 179 208 216 223 272 308 288
Tax % 32% 29% 29% 32% 31% 31% 21% 24% 24% 23% 23% 25%
27 43 62 84 105 126 141 158 165 172 210 232 213
EPS in Rs 2.35 3.94 5.66 7.71 9.61 11.49 12.85 15.36 15.98 16.90 20.63 23.33 21.39
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: 3%
Compounded Profit Growth
10 Years: 18%
5 Years: 11%
3 Years: 12%
TTM: -8%
Stock Price CAGR
10 Years: 28%
5 Years: 6%
3 Years: 4%
1 Year: -14%
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 Sep 2025
Equity Capital 22 22 22 22 22 22 22 21 21 20 20 99 99
Reserves 254 289 344 424 515 628 717 790 950 996 1,213 1,142 1,199
71 40 45 86 138 108 133 102 80 134 123 65 132
253 349 412 309 310 319 319 406 365 343 414 450 447
Total Liabilities 599 699 822 842 985 1,078 1,191 1,319 1,415 1,493 1,771 1,757 1,877
153 166 199 203 221 227 244 247 240 246 262 277 395
CWIP 7 7 0 0 0 0 0 0 0 0 0 0 1
Investments 9 9 9 111 244 330 376 467 521 617 689 703 552
430 517 613 528 519 521 570 605 654 630 820 777 930
Total Assets 599 699 822 842 985 1,078 1,191 1,319 1,415 1,493 1,771 1,757 1,877

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 64 61 42 12 24 37 41 24 61 34 36 56
ROCE % 14% 20% 25% 28% 26% 26% 23% 24% 23% 21% 23% 25%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
52.70% 52.70% 52.70% 52.70% 52.70% 53.00% 53.00% 53.00% 53.00% 53.00% 53.00% 53.36%
8.57% 8.62% 8.58% 8.77% 9.34% 9.55% 9.82% 10.15% 9.80% 9.89% 10.05% 9.07%
7.59% 8.76% 9.62% 10.19% 10.02% 10.39% 10.44% 10.37% 10.97% 10.97% 10.98% 10.44%
31.12% 29.90% 29.09% 28.33% 27.95% 27.06% 26.74% 26.50% 26.24% 26.15% 25.97% 27.14%
No. of Shareholders 42,85942,62541,18538,11192,44537,16436,83242,65446,77343,98043,11641,958

* 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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Documents

Announcements

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Credit ratings

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