Garware Technical Fibres Ltd
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. Established in 1976, the company today is a multi-divisional, multi-geographical technical textile company. 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 ₹ 6,300 Cr.
- Current Price ₹ 3,056
- High / Low ₹ 4,033 / 2,611
- Stock P/E 39.1
- Book Value ₹ 471
- Dividend Yield 0.23 %
- ROCE 23.1 %
- ROE 18.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 7.05% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
561 | 599 | 685 | 782 | 825 | 846 | 885 | 1,018 | 953 | 1,035 | 1,189 | 1,251 | |
500 | 541 | 622 | 703 | 722 | 710 | 724 | 826 | 775 | 830 | 966 | 1,030 | |
Operating Profit | 61 | 58 | 62 | 79 | 103 | 136 | 161 | 192 | 178 | 204 | 223 | 221 |
OPM % | 11% | 10% | 9% | 10% | 13% | 16% | 18% | 19% | 19% | 20% | 19% | 18% |
3 | 6 | 4 | 4 | 6 | 8 | 18 | 21 | 32 | 35 | 26 | 24 | |
Interest | 17 | 14 | 13 | 10 | 9 | 7 | 10 | 14 | 12 | 10 | 11 | 11 |
Depreciation | 16 | 16 | 14 | 12 | 13 | 14 | 15 | 17 | 19 | 21 | 21 | 22 |
Profit before tax | 32 | 33 | 39 | 61 | 87 | 123 | 153 | 182 | 179 | 208 | 216 | 212 |
Tax % | 25% | 26% | 32% | 29% | 29% | 32% | 31% | 31% | 21% | 24% | 24% | |
Net Profit | 24 | 25 | 27 | 43 | 62 | 84 | 105 | 126 | 141 | 158 | 165 | 161 |
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 | 78.10 |
Dividend Payout % | 25% | 24% | 22% | 15% | 12% | 13% | 9% | 9% | 26% | 3% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 5% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 14% |
3 Years: | 11% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | 51% |
5 Years: | 28% |
3 Years: | 43% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 19% |
Last Year: | 19% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
24 | 24 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 21 | |
Reserves | 227 | 243 | 254 | 289 | 344 | 424 | 515 | 628 | 717 | 790 | 950 |
140 | 110 | 71 | 40 | 45 | 86 | 138 | 108 | 133 | 102 | 80 | |
182 | 185 | 253 | 349 | 412 | 309 | 310 | 319 | 319 | 406 | 365 | |
Total Liabilities | 573 | 563 | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 |
167 | 154 | 153 | 166 | 199 | 203 | 221 | 227 | 244 | 247 | 240 | |
CWIP | 3 | 0 | 7 | 7 | 0 | 0 | -0 | -0 | -0 | -0 | -0 |
Investments | 9 | 9 | 9 | 9 | 9 | 111 | 244 | 330 | 376 | 467 | 521 |
394 | 399 | 430 | 517 | 613 | 528 | 519 | 521 | 570 | 605 | 654 | |
Total Assets | 573 | 563 | 599 | 699 | 822 | 842 | 985 | 1,078 | 1,191 | 1,319 | 1,415 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
52 | 34 | 79 | 74 | 143 | 120 | 28 | 133 | 110 | 230 | 64 | |
-29 | 2 | -20 | -25 | -37 | -147 | -53 | -78 | -47 | -120 | 8 | |
-1 | -38 | -70 | -48 | -36 | 27 | 29 | -56 | -37 | -135 | -38 | |
Net Cash Flow | 22 | -3 | -11 | 2 | 70 | 1 | 4 | -1 | 25 | -25 | 34 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 85 | 76 | 85 | 94 | 85 | 90 | 87 | 90 | 85 | 79 |
Inventory Days | 179 | 168 | 146 | 138 | 145 | 176 | 206 | 186 | 250 | 235 | 234 |
Days Payable | 78 | 79 | 74 | 67 | 186 | 247 | 257 | 215 | 241 | 308 | 220 |
Cash Conversion Cycle | 199 | 174 | 148 | 156 | 53 | 14 | 40 | 58 | 99 | 12 | 93 |
Working Capital Days | 120 | 114 | 88 | 74 | 60 | 49 | 81 | 76 | 92 | 60 | 140 |
ROCE % | 12% | 14% | 20% | 25% | 28% | 26% | 26% | 23% | 24% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10h - In terms of the provisions of Regulation 47 and Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, we are enclosing herewith the …
- Intimation As Per Regulation 42 Of Securities Exchange Board Of India (LODR) Regulations, 2015 Of Book-Closure For 45Th Annual General Meeting Of The Company And Dividend. 10 Aug
- Intimation Of Cut-Off Date For E-Voting 10 Aug
- 45Th Annual General Meeting Of The Company 10 Aug
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - Read with Schedule Ill of the SEBI. (LODR) Regulations, 2015, please find enclosed herewith the copy of newspaper advertisement published in ''Business Standard'' (All India) …
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Over 60% revenue from value added products [1]
Starting out as a supplier of cordage products to domestic fishing and shipping industries (60% revenue in 1997), the company has diversified into sports, aquaculture and other sectors. Value added products now account for over 70% of total revenues. These have also lead to improvement in EBITDA margins [2].