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Garware Technical Fibres Ltd

GARFIBRES

Garware Technical Fibres Ltd

GARFIBRES
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹8,719 cr, stock is ranked 602
High RiskStock is 3.02x as volatile as Nifty
4,309.050.71% (+30.30)
4,309.050.71% (+30.30)

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹8,719 cr, stock is ranked 602
High RiskStock is 3.02x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹8,719 cr, stock is ranked 602
High RiskStock is 3.02x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.657.070.07%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.486.700.73%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Garware-Wall Ropes manufactures and sells various products, such as ropes, twine, yarn, fishnet, nettings and technical textiles. It provides solutions for various sectors, including deep-sea fishing, agriculture, sports, infrastructure etc.

Investor Presentation

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Dec 16, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 5.67%, vs industry avg of 2.99%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.73% to 0.8%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 10.62%, vs industry avg of -9.6%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue831.16854.38902.541,038.90985.281,069.241,214.941,333.451,368.801,472.48
Raw Materialssubtract307.26302.40302.28331.59297.71284.47379.29404.85402.981,127.80
Power & Fuel Costsubtract31.2333.0435.0735.1636.4833.0440.9143.8641.89
Employee Costsubtract92.79106.04116.88129.95136.36152.74149.82166.86193.61
Selling & Administrative Expensessubtract97.4483.2996.20107.7295.52105.17157.40173.12153.07
Operating & Other expensessubtract193.46185.67173.70221.43209.51254.78239.07287.33262.44
Depreciation/Amortizationsubtract13.1114.1615.3517.2419.2620.6521.4622.3125.8827.23
Interest & Other Itemssubtract8.736.549.9813.7211.5710.3210.5711.9517.2121.19
Taxes & Other Itemssubtract25.2338.8947.9156.4238.3349.6751.6450.9863.5370.67
EPS28.2938.5548.0657.4364.2374.5479.9284.00102.16110.70
DPS3.305.004.505.0017.002.507.003.503.003.00
Payout ratio0.120.130.090.090.260.030.090.040.030.03

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Jun 6PDF
Sep 1PDF
FY 2022

Annual report

PDF

Investor Presentation

May 29PDF
FY 2023

Annual report

PDF

Investor Presentation

May 30PDF
May 30PDF
Feb 23PDF
Feb 23PDF
FY 2025

Annual Report Pending

Investor Presentation

Dec 16PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Garware Technical Fibres Ltd41.887.070.07%
KPR Mill Ltd45.598.420.47%
Vedant Fashions Ltd74.9119.370.67%
Aditya Birla Real Estate Ltd564.936.970.20%

Price Comparison

Compare GARFIBRES with any stock or ETF
Compare GARFIBRES with any stock or ETF
GARFIBRES
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding53.00%9.56%0.87%9.82%26.75%

Mar 2024

Apr 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarAprJunSep8.58%8.77%9.34%9.25%9.56%9.82%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Garware Technical Fibres Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Small Cap Fund - Growth - Direct Plan

Growth
4.4422%2.36%0.42%8/83 (+33)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM GLOBAL FUND DIRECT PL GROWTH

Growth
3.2566%4.65%0.91%7/32 (+6)
Edelweiss Small Cap Fund - Growth - Direct Plan

Growth
0.4295%0.92%0.12%54/85 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.07%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.70 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 12, 2024

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Sep 12, 2024

Cash Dividend

Ex DateEx DateSep 11, 2023

Final
Final | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Sep 11, 2023

Cash Dividend

Ex DateEx DateSep 5, 2022

Final
Final | Div/Share: ₹7.00

Dividend/Share

7.00

Ex DateEx Date

Sep 5, 2022

Cash Dividend

Ex DateEx DateSep 8, 2021

Final
Final | Div/Share: ₹2.50

Dividend/Share

2.50

Ex DateEx Date

Sep 8, 2021

Cash Dividend

Ex DateEx DateMar 20, 2020

Special
Special | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Mar 20, 2020

News & Opinions
Spotlight
Garware Technical Fibres Ltd leads gainers in 'A' group

National Aluminium Company Ltd, Muthoot Finance Ltd, Aegis Logistics Ltd and Crompton Greaves Consumer Electricals Ltd are among the other gainers in the BSE's 'A' group today, 18 November 2024.Garware Technical Fibres Ltd spiked 14.43% to Rs 4521.65 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 8709 shares were traded on the counter so far as against the average daily volumes of 1612 shares in the past one month. National Aluminium Company Ltd soared 11.46% to Rs 245. The stock was the second biggest gainer in 'A' group. On the BSE, 23.23 lakh shares were traded on the counter so far as against the average daily volumes of 7.12 lakh shares in the past one month. Muthoot Finance Ltd surged 5.73% to Rs 1879.6. The stock was the third biggest gainer in 'A' group. On the BSE, 75453 shares were traded on the counter so far as against the average daily volumes of 5355 shares in the past one month. Aegis Logistics Ltd added 5.29% to Rs 846.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 18841 shares were traded on the counter so far as against the average daily volumes of 16839 shares in the past one month. Crompton Greaves Consumer Electricals Ltd gained 5.23% to Rs 390.6. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.48 lakh shares were traded on the counter so far as against the average daily volumes of 57700 shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Garware Technical spurts on strong Q2, bonus issue

On a consolidated basis, net profit of Garware Technical Fibres surged 25.7% to Rs 65.96 crore on 28.1% increase in net sales to Rs 420.59 crore in Q2 September 2024 over Q2 September 2023. Profit before tax stood at Rs 87.67 crore in the Q2FY25, up 28.7% YoY and up 41.24% QoQ. Total expenses rose 26.7% to Rs 329.13 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of materials consumed stood at Rs 105.24 crore (up 13.6% YoY) while employee benefits expense was at Rs 54.26 crore (up 11.2% YoY). Net cash flow from operating activities decreased to Rs 29.83 crore for the six months ended September 2024, compared to Rs 53.89 crore for the same period in 2023. The company's board has recommended issue of bonus shares in the ratio of 4:1 i.e. four new fully paid-up equity share for every each existing fully paid-up equity share. Vayu Garware, CMD, Garware Technical Fibres said, As expected, Q2 FY25 has shown a good profit growth of -30% over previous year Q2 FY24 mainly on account of a strong performance from Aquaculture and Geosynthetics businesses which both grew substantially. We were also able to maintain significant PBT margins in the range of ~20%. First half of FY25 has been good for the company overall, GTFL profit before tax grew by 20% in H1 FY25 against the previous year H1FY24. Geo synthetics continued its strong growth in top line and profit during H1 FY25. We expect the continue the growth momentum during the second half of the year FY25. Garware Technical Fibres is a leading player in technical textiles specializing in providing customized solutions to its customers worldwide. Globally, the company is known for its applied innovation in the field of sports, fisheries, aquaculture, shipping, agriculture, coated fabrics and geo-synthetics. The company's products are manufactured in state-of-art facilities at Wai and Pune and marketed in more than 75 countries. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Garware Technical Fibres consolidated net profit rises 25.69% in the September 2024 quarter

Net profit of Garware Technical Fibres rose 25.69% to Rs 65.96 crore in the quarter ended September 2024 as against Rs 52.48 crore during the previous quarter ended September 2023. Sales rose 28.11% to Rs 420.59 crore in the quarter ended September 2024 as against Rs 328.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales420.59328.30 28 OPM %21.7520.88 - PBDT94.7174.42 27 PBT87.6768.13 29 NP65.9652.48 26 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Garware Technical Fibres to conduct board meeting

Garware Technical Fibres will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Garware Technical Fibres announces cessation of director

Garware Technical Fibres announced the cessation of S. P. Kulkarni (DIN 00006914) as Non-Executive Independent Director of the Company upon completion of his second term of five consecutive years with effect from close of business hours on 24 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Garware Technical Fibres Ltd leads gainers in 'A' group

Suven Pharmaceuticals Ltd, Reliance Power Ltd, Rainbow Childrens Medicare Ltd and K P R Mill Ltd are among the other gainers in the BSE's 'A' group today, 19 September 2024.Garware Technical Fibres Ltd spiked 9.35% to Rs 4078.2 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 12884 shares were traded on the counter so far as against the average daily volumes of 1034 shares in the past one month. Suven Pharmaceuticals Ltd soared 7.42% to Rs 1229.8. The stock was the second biggest gainer in 'A' group. On the BSE, 37036 shares were traded on the counter so far as against the average daily volumes of 16489 shares in the past one month. Reliance Power Ltd surged 4.97% to Rs 34.62. The stock was the third biggest gainer in 'A' group. On the BSE, 27.56 lakh shares were traded on the counter so far as against the average daily volumes of 93.14 lakh shares in the past one month. Rainbow Childrens Medicare Ltd advanced 3.64% to Rs 1339. The stock was the fourth biggest gainer in 'A' group. On the BSE, 24663 shares were traded on the counter so far as against the average daily volumes of 8146 shares in the past one month. K P R Mill Ltd added 3.48% to Rs 888.8. The stock was the fifth biggest gainer in 'A' group. On the BSE, 9275 shares were traded on the counter so far as against the average daily volumes of 9635 shares in the past one month. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Garware Technical Fibres to hold AGM

Garware Technical Fibres announced that the Annual General Meeting (AGM) of the company will be held on 19 September 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live
Earnings
Garware Technical Fibres consolidated net profit rises 8.89% in the June 2024 quarter

Net profit of Garware Technical Fibres rose 8.89% to Rs 46.78 crore in the quarter ended June 2024 as against Rs 42.96 crore during the previous quarter ended June 2023. Sales rose 3.25% to Rs 336.25 crore in the quarter ended June 2024 as against Rs 325.67 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales336.25325.67 3 OPM %19.1517.88 - PBDT68.7863.19 9 PBT62.0757.10 9 NP46.7842.96 9 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Garware Technical Fibres to discuss results

Garware Technical Fibres will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Mumbai: Congress Meeting At Garware Club Plans To Challenge Mahayuti Govt And Strengthen Party For State Elections

5 months agoFree Press Journal