Garware Technical Fibres Ltd

Garware Technical Fibres Ltd

₹ 3,266 0.43%
22 Apr 12:59 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

Pioneer in Technical Textiles in India[1] Established in 1976, the company has a presence across 75+ countries, producing 80MT of technical fabrics per day with over 20,000 SKUs

  • Market Cap 6,655 Cr.
  • Current Price 3,266
  • High / Low 3,847 / 2,820
  • Stock P/E 33.6
  • Book Value 549
  • Dividend Yield 0.11 %
  • ROCE 21.2 %
  • ROE 17.2 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 8.10% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
278 335 243 282 308 356 304 356 275 370 326 328 289
220 264 200 231 253 283 264 294 227 291 267 260 236
Operating Profit 58 71 43 51 56 73 41 62 47 80 58 69 53
OPM % 21% 21% 18% 18% 18% 21% 13% 17% 17% 22% 18% 21% 18%
9 6 6 10 5 5 5 8 8 8 9 10 11
Interest 3 2 2 3 4 1 3 3 3 3 4 4 3
Depreciation 5 5 5 5 5 5 5 5 6 6 6 6 7
Profit before tax 59 69 41 53 51 71 37 61 47 78 57 68 55
Tax % 27% 23% 23% 23% 25% 24% 24% 22% 22% 24% 25% 23% 21%
43 53 32 41 38 54 28 48 37 60 43 52 43
EPS in Rs 20.61 25.81 15.49 19.83 18.46 26.14 13.67 23.17 17.95 29.28 21.08 25.75 21.23
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
561 599 685 782 825 846 885 1,018 953 1,035 1,189 1,306 1,314
500 541 622 703 722 710 724 826 775 830 966 1,076 1,054
Operating Profit 61 58 62 79 103 136 161 192 178 204 223 230 260
OPM % 11% 10% 9% 10% 13% 16% 18% 19% 19% 20% 19% 18% 20%
3 6 4 4 6 8 18 21 32 35 25 28 38
Interest 17 14 13 10 9 7 10 14 12 10 11 12 15
Depreciation 16 16 14 12 13 14 15 17 19 21 21 22 25
Profit before tax 32 33 39 61 87 123 153 182 179 208 216 223 259
Tax % 25% 26% 32% 29% 29% 32% 31% 31% 21% 24% 24% 23%
24 25 27 43 62 84 105 126 141 158 165 172 198
EPS in Rs 10.13 10.43 11.75 19.71 28.29 38.55 48.06 57.44 64.22 76.83 79.92 84.50 97.34
Dividend Payout % 25% 24% 22% 15% 12% 13% 9% 9% 26% 3% 9% 4%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 11%
TTM: 2%
Compounded Profit Growth
10 Years: 21%
5 Years: 11%
3 Years: 7%
TTM: 19%
Stock Price CAGR
10 Years: 46%
5 Years: 25%
3 Years: 8%
1 Year: 14%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 18%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 24 24 22 22 22 22 22 22 22 21 21 20 20
Reserves 227 243 254 289 344 424 515 628 717 790 950 996 1,098
140 110 71 40 45 86 138 108 133 102 80 134 116
182 185 253 349 412 309 310 319 319 406 365 343 338
Total Liabilities 573 563 599 699 822 842 985 1,078 1,191 1,319 1,415 1,493 1,573
167 154 153 166 199 203 221 227 244 247 240 246 253
CWIP 3 0 7 7 0 0 0 0 0 0 0 0 0
Investments 9 9 9 9 9 111 244 330 376 467 521 617 664
394 399 430 517 613 528 519 521 570 605 654 630 657
Total Assets 573 563 599 699 822 842 985 1,078 1,191 1,319 1,415 1,493 1,573

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
52 34 79 74 143 120 28 133 110 228 64 189
-29 2 -20 -25 -37 -147 -53 -78 -47 -120 8 -102
-1 -38 -70 -48 -36 27 29 -56 -37 -135 -38 -85
Net Cash Flow 22 -3 -11 2 70 1 4 -1 25 -27 34 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 97 85 76 85 94 85 90 87 90 85 79 65
Inventory Days 179 168 146 138 145 176 206 186 250 235 234 187
Days Payable 78 79 74 67 186 247 257 215 241 308 220 169
Cash Conversion Cycle 199 174 148 156 53 14 40 58 99 12 93 83
Working Capital Days 120 114 88 74 60 49 81 76 92 60 85 72
ROCE % 12% 14% 20% 25% 28% 26% 26% 23% 24% 23% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.62% 52.62% 52.62% 52.62% 52.62% 52.61% 52.70% 52.70% 52.70% 52.70% 52.70% 52.70%
8.94% 8.63% 7.88% 7.42% 7.39% 8.33% 8.46% 8.57% 8.62% 8.58% 8.77% 9.34%
3.25% 3.73% 4.35% 5.48% 5.93% 6.62% 6.98% 7.59% 8.76% 9.62% 10.19% 10.02%
35.19% 35.02% 35.15% 34.48% 34.07% 32.44% 31.85% 31.12% 29.90% 29.09% 28.33% 27.95%
No. of Shareholders 31,93239,04741,79742,92845,01944,51844,34642,85942,62541,18538,11192,445

* 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