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Garware Hi-Tech

₹3824.9 -258.4 | 6.3%

Last updated: 15:50

Consolidated Standalone

Last updated: 15:50

Garware Hi-Tech Overview

Garware Hi-Tech Films Ltd manufactures and sells polyester films in India and internationally. The corporation provides bi-axially orientated polyethylene terephthalate/polyester films, sun control films, thermal lamination films, and speciality polyester films, as well as heat rejection films, paint protection films and shrink films. Its polyester films are utilized in various application, such as label utility, electric cable insulations, packaging, face shields, thermal, TV monitors, graphics and many others. The agency was previously referr...Read More

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Garware Hi-Tech Key Financials

Market Cap ₹8886 Cr.

Stock P/E 26.8

P/B 3.5

Current Price ₹3824.9

Book Value ₹ 1102.9

Face Value 10

52W High ₹4799.7

Dividend Yield 0.31%

52W Low ₹ 2320.1

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Garware Hi-Tech Share Price

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Garware Hi-Tech Quarterly Price

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Garware Hi-Tech Peer Comparison

Garware Hi-Tech Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 397 454 447 474 621 466 548 495 570 459
Other Income 9 9 12 11 14 13 17 13 14 16
Total Income 406 463 458 486 634 479 565 508 584 475
Total Expenditure 332 379 368 356 484 385 443 385 450 388
Operating Profit 74 85 90 130 150 94 121 123 133 87
Interest 4 2 2 2 2 2 2 2 2 2
Depreciation 10 10 10 10 10 10 10 11 11 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 61 73 78 118 138 81 109 110 120 73
Provision for Tax 15 17 20 29 34 20 31 27 29 17
Profit After Tax 46 56 58 88 104 61 78 83 91 56
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 46 56 58 88 104 61 78 83 91 56
Adjusted Earnings Per Share 19.8 24.1 24.9 38 44.9 26.2 33.5 35.7 39.3 24

Garware Hi-Tech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 896 857 874 833 948 925 989 1303 1438 1677 2109 2072
Other Income 27 6 10 6 9 12 16 39 42 39 54 60
Total Income 923 864 884 839 957 937 1005 1342 1480 1716 2164 2132
Total Expenditure 837 776 801 750 804 763 771 1065 1211 1395 1668 1666
Operating Profit 87 87 83 89 153 174 234 277 269 321 495 464
Interest 44 44 35 26 19 19 20 18 17 12 9 8
Depreciation 15 17 14 14 14 20 24 28 32 39 41 44
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 27 27 34 50 120 135 190 231 220 270 445 412
Provision for Tax 9 10 11 17 38 49 64 64 54 67 114 104
Profit After Tax 18 16 22 33 82 86 126 167 166 203 331 308
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 18 16 22 33 82 86 126 167 166 203 331 308
Adjusted Earnings Per Share 7.7 7.1 9.7 14.3 35.1 37 54.2 72 71.5 87.5 142.6 132.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 26% 17% 18% 9%
Operating Profit CAGR 54% 21% 23% 19%
PAT CAGR 63% 26% 31% 34%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 86% 39% 44%
ROE Average 15% 12% 11% 7%
ROCE Average 20% 15% 15% 11%

Garware Hi-Tech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 569 585 1254 1292 1372 1404 1564 1711 1856 2045 2372
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 61 35 18 137 113 131 112 130 85 14 10
Other Non-Current Liabilities 37 45 -56 -53 -40 -21 12 31 36 43 53
Total Current Liabilities 376 354 375 134 153 141 181 261 238 222 247
Total Liabilities 1042 1020 1591 1511 1599 1654 1868 2133 2214 2324 2682
Fixed Assets 649 648 1231 1226 1238 1279 1329 1341 1467 1450 1442
Other Non-Current Assets 100 95 57 53 61 71 104 195 96 100 183
Total Current Assets 293 277 304 231 300 304 434 598 651 765 1053
Total Assets 1042 1020 1591 1511 1599 1654 1868 2133 2214 2324 2682

Garware Hi-Tech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 96 60 59 84 42 34 25 63 99 60 108
Cash Flow from Operating Activities 91 101 77 134 141 99 199 172 218 172 330
Cash Flow from Investing Activities -20 -5 -12 -5 -101 -44 -126 -141 -170 47 -275
Cash Flow from Financing Activities -107 -96 -40 -172 -49 -64 -36 6 -89 -169 -52
Net Cash Inflow / Outflow -36 0 25 -43 -8 -9 38 37 -41 50 3
Closing Cash & Cash Equivalent 60 60 84 42 34 25 63 99 60 108 111

Garware Hi-Tech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.66 7.09 9.66 14.26 35.14 37.03 54.21 71.96 71.51 87.51 142.58
CEPS(Rs) 14.2 14.39 15.61 20.13 41.11 45.76 64.53 84.09 85.46 104.31 160.33
DPS(Rs) 0 0 1 2 10 10 10 10 10 10 12
Book NAV/Share(Rs) 201.12 208.32 539.68 556.06 590.63 604.21 673.01 736.42 798.81 880.24 1021
Core EBITDA Margin(%) 6.32 8.98 7.92 9.89 15.2 17.48 22.04 18.26 15.77 16.79 20.88
EBIT Margin(%) 7.56 7.77 7.48 9 14.69 16.63 21.21 19.12 16.45 16.79 21.5
Pre Tax Margin(%) 2.88 2.95 3.66 5.92 12.65 14.57 19.22 17.72 15.27 16.09 21.08
PAT Margin (%) 1.89 1.83 2.44 3.93 8.61 9.3 12.73 12.82 11.53 12.1 15.68
Cash Profit Margin (%) 3.5 3.71 3.95 5.55 10.07 11.5 15.16 14.98 13.78 14.43 17.63
ROA(%) 1.67 1.6 1.72 2.14 5.25 5.29 7.15 8.36 7.64 8.96 13.23
ROE(%) 3.87 3.47 2.58 2.6 6.13 6.2 8.49 10.21 9.32 10.42 15
ROCE(%) 8.26 8.58 5.81 5 9.32 9.95 12.78 13.74 12.07 13.83 20.41
Receivable days 20.56 17.95 20.34 21.81 18.27 21.44 17.41 10.54 8.01 7.39 6.92
Inventory Days 55.31 55.23 49.4 44.98 34.73 37.48 42.19 46.82 51.85 53.09 51.75
Payable days 28.93 36.23 37.28 48.25 59.93 70.83 78.29 67.65 58.6 60.07 57.67
PER(x) 13.33 13.19 12.77 10.76 6.19 4.47 12.9 9.69 7.32 19.96 27.61
Price/Book(x) 0.51 0.45 0.23 0.28 0.37 0.27 1.04 0.95 0.65 1.98 3.86
Dividend Yield(%) 0 0 0.81 1.3 4.59 6.05 1.43 1.43 1.91 0.57 0.3
EV/Net Sales(x) 0.61 0.55 0.59 0.58 0.65 0.56 1.73 1.32 0.91 2.36 4.29
EV/Core EBITDA(x) 6.3 5.42 6.21 5.39 4.02 2.96 7.31 6.17 4.83 12.35 18.24
Net Sales Growth(%) 6.29 -4.33 1.94 -4.66 13.75 -2.43 6.94 31.71 10.39 16.62 25.78
EBIT Growth(%) 39.12 -1.68 -2.02 10.25 83.78 10.45 36.36 18.85 -4.96 19.03 61.07
PAT Growth(%) 73.14 -7.39 36.04 47.59 146.5 5.35 46.42 32.73 -0.62 22.36 62.93
EPS Growth(%) 73.23 -7.39 36.16 47.59 146.5 5.35 46.42 32.73 -0.62 22.37 62.93
Debt/Equity(x) 0.79 0.65 0.25 0.13 0.11 0.12 0.1 0.12 0.08 0.01 0.01
Current Ratio(x) 0.78 0.78 0.81 1.72 1.95 2.16 2.39 2.29 2.74 3.45 4.26
Quick Ratio(x) 0.41 0.4 0.51 1.01 1.4 1.42 1.71 1.48 1.9 2.14 3.01
Interest Cover(x) 1.62 1.61 1.95 2.92 7.18 8.05 10.66 13.66 13.94 23.94 51.74
Total Debt/Mcap(x) 1.55 1.44 1.09 0.48 0.3 0.42 0.09 0.12 0.13 0 0

Garware Hi-Tech Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72 60.72
FII 0.13 0.11 0.3 0.51 1.56 2.68 3.49 3.85 3.57 3.95
DII 3.51 3.79 4.22 4.77 4.49 4.34 4.76 4.89 4.96 5.36
Public 35.65 35.39 34.76 34 33.24 32.27 31.03 30.54 30.75 29.98
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Garware Hi-Tech News

Garware Hi-Tech Pros & Cons

Pros

  • Company has delivered good profit growth of 30% CAGR over last 5 years
  • Debtor days have improved from 60.07 to 57.67days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Stock is trading at 3.5 times its book value.

* The pros and cons are machine generated.

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