Garware Hi Tech Films Ltd

₹ 718 0.15%
05 Dec 4:01 p.m.
About

Garware Polyester is engaged in the business of manufacturing of Polyester Films.

Key Points

Largest Exporter[1]
It is the Pioneer in Polyester Film manufacturing and largest exporter in India. And has been winner of top exporters award for 33 years from PLEXCOUNCIL.

  • Market Cap 1,671 Cr.
  • Current Price 718
  • High / Low 932 / 583
  • Stock P/E 9.25
  • Book Value 771
  • Dividend Yield 1.39 %
  • ROCE 12.8 %
  • ROE 9.40 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.94 times its book value
  • Company has delivered good profit growth of 47.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.8%

Cons

  • The company has delivered a poor sales growth of 8.31% over past five years.
  • Company has a low return on equity of 8.07% over last 3 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: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
250 202 221 169 249 283 288 306 340 334 324 370 395
204 178 177 140 182 212 236 247 280 269 268 308 328
Operating Profit 46 24 44 29 67 70 52 59 59 65 55 62 67
OPM % 19% 12% 20% 17% 27% 25% 18% 19% 17% 19% 17% 17% 17%
4 3 2 2 3 5 6 7 10 8 15 8 9
Interest 4 5 4 5 5 5 5 4 5 5 5 4 4
Depreciation 5 5 6 6 6 6 7 7 7 7 7 7 8
Profit before tax 41 17 36 21 58 64 47 55 57 60 59 59 64
Tax % 35% 33% 41% 34% 35% 33% 32% 35% 24% 29% 23% 25% 25%
Net Profit 27 11 21 14 38 43 32 36 43 43 45 45 48
EPS in Rs 11.52 4.89 9.07 5.86 16.25 18.41 13.69 15.42 18.65 18.46 19.42 19.17 20.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
899 795 777 843 896 857 874 833 948 925 989 1,303 1,422
614 707 709 774 836 776 801 750 804 763 770 1,065 1,173
Operating Profit 285 88 69 69 60 81 73 83 144 162 219 238 249
OPM % 32% 11% 9% 8% 7% 9% 8% 10% 15% 17% 22% 18% 18%
-7 16 14 16 27 6 8 5 9 12 15 39 40
Interest 25 29 30 37 44 44 33 25 19 18 20 18 18
Depreciation 40 42 39 34 15 17 14 14 14 20 24 28 29
Profit before tax 214 33 13 14 27 27 34 50 120 135 190 231 242
Tax % 11% 3% -113% 26% 35% 38% 33% 34% 32% 36% 34% 28%
Net Profit 191 32 28 10 18 16 22 33 82 86 126 167 181
EPS in Rs 83.03 13.72 12.15 4.41 7.64 7.08 9.66 14.26 35.14 37.03 54.21 71.96 77.77
Dividend Payout % 7% 11% -0% -0% -0% -0% 10% 14% 28% 27% 18% 14%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 11%
TTM: 17%
Compounded Profit Growth
10 Years: 18%
5 Years: 47%
3 Years: 24%
TTM: 18%
Stock Price CAGR
10 Years: 22%
5 Years: 28%
3 Years: 48%
1 Year: -13%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 8%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
78 78 78 78 23 23 23 23 23 23 23 23 23
Reserves 407 435 519 530 545 562 1,231 1,269 1,349 1,380 1,540 1,688 1,768
179 229 296 385 368 315 312 171 149 147 138 189 189
191 156 136 151 105 119 87 107 125 128 167 234 275
Total Liabilities 790 843 975 1,089 1,042 1,020 1,653 1,570 1,646 1,679 1,868 2,133 2,255
539 524 555 562 649 648 1,231 1,226 1,238 1,279 1,329 1,341 1,340
CWIP 9 6 39 86 11 5 8 10 11 20 11 96 141
Investments 1 1 1 1 1 1 29 36 120 116 226 274 292
241 313 380 441 381 366 386 298 277 264 302 423 483
Total Assets 790 843 975 1,089 1,042 1,020 1,653 1,570 1,646 1,679 1,868 2,133 2,255

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
245 50 48 22 91 101 77 134 141 99 199 172
-59 -15 -42 -78 -20 -5 -12 -5 -101 -44 -126 -141
-168 -5 32 50 -107 -96 -40 -172 -49 -64 -36 6
Net Cash Flow 18 30 39 -6 -36 0 25 -43 -8 -9 38 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 12 9 20 25 20 17 26 17 22 21 16 9
Inventory Days 97 95 80 107 93 111 90 82 70 100 128 145
Days Payable 31 21 27 30 30 36 39 54 68 62 89 76
Cash Conversion Cycle 79 84 74 102 82 91 77 44 24 58 54 79
Working Capital Days 2 43 49 70 55 50 49 25 7 19 9 28
ROCE % 41% 9% 5% 5% 7% 8% 5% 5% 9% 10% 13% 13%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.73
0.00 0.00 0.00 0.00 0.01 0.03 0.03 0.10 0.11 0.10 0.07 0.12
3.72 3.71 3.71 3.71 3.71 3.88 3.81 3.20 3.24 3.26 3.22 2.03
35.56 35.57 35.57 35.57 35.56 35.37 35.44 35.98 35.93 35.92 36.00 37.13

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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