Garware Tech. Fibres

₹3181 -5.7 | 0.2%

WEBSITE BSE:509557 NSE : GARFIBRES 10 May, 16:01

Market Cap ₹6315 Cr.

Stock P/E 32.8

P/B 5.4

Current Price ₹3181

Book Value ₹ 585.1

Face Value 10

52W High ₹3830.1

Dividend Yield 0.11%

52W Low ₹ 2867.8

Edit Ratio

Garware Tech. Fibres Research see more...

Overview Inc. Year: 1976Industry: Textile

Garware Technical Fibres Ltd, previously Garware-Wall Ropes Ltd, is an totally India-based technical textiles enterprise. The Company offers solutions in aquaculture cage nets, fishing nets, sports nets, safety nets, agricultural nets, coated fabric, polymer ropes and geosynthetics. Its fisheries solutions encompass trawling, gill netting, dole netting and purse seine. Aquaculture solutions consist of grow out cage/nursery, predator cage and lice shields. Shipping and industrial solutions consist of mooring, towing, power transmission, submersible pumps, speciality ropes and fall safety. Yarn and threads solutions include woven sack,weaving and doll hair. Sports solutions consists of sports net and fitness rope/battle ropes. Agriculture solutions comprises protected cultivation, hail safety, water storage and harvesting. The Company’s geosynthetics solutions consists of reinforced soil systems, coastal and river protection works and gabion gravity retaining partitions.

Garware Tech. Fibres Share Price

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Peer Comparison

Garware Tech. Fibres Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	282	308	356	304	356	275	370	326	328	289
Other Income	10	5	5	5	8	8	8	9	10	11
Total Income	292	313	361	309	364	282	378	335	338	301
Total Expenditure	231	253	283	264	294	227	291	267	260	236
Operating Profit	61	60	78	45	70	55	88	68	79	65
Interest	3	4	1	3	3	3	3	4	4	3
Depreciation	5	5	5	5	5	6	6	6	6	7
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	53	51	71	37	61	47	78	57	68	55
Provision for Tax	12	13	17	9	13	10	19	14	16	12
Profit After Tax	41	38	54	28	48	37	60	43	52	43
Adjustments	0	0	0	0	0	-0	0	0	0	-0
Profit After Adjustments	41	38	54	28	48	37	60	43	52	43
Adjusted Earnings Per Share	19.8	18.5	26.1	13.7	23.2	17.8	29	21.1	25.8	21.2

Garware Tech. Fibres Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	599	685	782	825	846	885	1018	953	1035	1189	1306	1313
Other Income	6	11	5	11	9	33	30	49	45	43	40	38
Total Income	605	695	788	836	855	918	1048	1002	1080	1233	1346	1352
Total Expenditure	541	629	704	727	711	739	835	792	841	984	1088	1054
Operating Profit	64	66	83	109	144	178	213	210	239	248	257	300
Interest	14	13	10	9	7	10	14	12	10	11	12	14
Depreciation	16	14	12	13	14	15	17	19	21	21	22	25
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	33	39	61	87	123	153	182	179	208	216	223	258
Provision for Tax	9	12	17	25	39	48	56	38	50	52	51	61
Profit After Tax	25	27	43	62	84	105	126	141	158	165	172	198
Adjustments	-0	-0	-0	-0	-0	-0	-0	-0	0	0	0	0
Profit After Adjustments	25	27	43	62	84	105	126	141	158	165	172	198
Adjusted Earnings Per Share	10.4	12.2	19.7	28.3	38.6	48.1	57.4	64.2	76.8	79.9	84.5	97.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	11%	8%	8%
Operating Profit CAGR	4%	7%	8%	15%
PAT CAGR	4%	7%	10%	21%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	9%	6%	26%	42%
ROE Average	17%	19%	20%	17%
ROCE Average	21%	23%	24%	22%

Garware Tech. Fibres Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	267	275	311	365	446	537	650	739	811	971	1016
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	24	12	4	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	23	25	26	37	37	39	45	42	48	47	46
Total Current Liabilities	248	287	358	419	358	409	383	409	460	397	431
Total Liabilities	563	599	699	822	842	985	1078	1191	1319	1415	1493
Fixed Assets	154	153	166	199	203	221	227	244	247	240	246
Other Non-Current Assets	22	29	33	28	137	273	311	300	247	361	638
Total Current Assets	387	417	500	595	501	490	540	646	825	814	610
Total Assets	563	599	699	822	842	985	1078	1191	1319	1415	1493

Garware Tech. Fibres Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	24	20	9	11	3	4	8	8	32	5	39
Cash Flow from Operating Activities	34	79	74	143	120	28	133	110	228	64	189
Cash Flow from Investing Activities	2	-20	-25	-37	-147	-53	-77	-47	-120	8	-102
Cash Flow from Financing Activities	-38	-70	-48	-36	27	29	-56	-37	-135	-38	-85
Net Cash Inflow / Outflow	-3	-11	2	70	1	4	-1	25	-27	34	3
Closing Cash & Cash Equivalent	21	9	11	81	4	8	8	32	5	39	42

Garware Tech. Fibres Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.43	12.18	19.71	28.29	38.55	48.06	57.43	64.22	76.82	79.92	84.5
CEPS(Rs)	17.31	18.73	25.37	34.28	45.02	55.08	65.31	73.02	86.84	90.33	95.45
DPS(Rs)	2.5	2.7	3	3.3	5	4.5	5	17	2.5	7	3.5
Book NAV/Share(Rs)	112.66	125.35	141.94	166.99	203.95	245.3	297.2	337.77	393.39	470.74	498.77
Core EBITDA Margin(%)	9.69	8.07	9.9	11.77	15.86	16.41	17.7	16.71	18.5	17.12	16.52
EBIT Margin(%)	7.95	7.56	9.01	11.56	15.28	18.41	18.96	19.78	20.87	18.93	17.89
Pre Tax Margin(%)	5.55	5.69	7.7	10.51	14.51	17.29	17.63	18.58	19.89	18.05	16.98
PAT Margin (%)	4.1	3.88	5.48	7.47	9.93	11.88	12.17	14.6	15.14	13.74	13.1
Cash Profit Margin (%)	6.81	5.97	7.06	9.05	11.6	13.61	13.84	16.6	17.11	15.53	14.8
ROA(%)	4.35	4.6	6.64	8.14	10.14	11.52	12.19	12.39	12.62	12.05	11.84
ROE(%)	9.55	9.86	14.72	18.31	20.79	21.4	21.17	20.23	20.44	18.5	17.33
ROCE(%)	12.48	14.37	20.33	25.2	27.53	27.01	27.32	23.37	24.48	23.13	21.38
Receivable days	87.74	74.96	75.32	86.82	88.14	85.91	81.63	90.64	83.21	76.07	68.33
Inventory Days	74.21	65.87	61.26	57.81	57.25	62.89	58.73	68.22	66.65	63.07	60.87
Payable days	76.6	70.18	65.47	131.53	223.66	252.89	220.81	247.82	267.83	240.44	176.02
PER(x)	4.09	4.91	9.27	11.91	18.46	19.13	19.71	16.61	33.44	35.43	34.4
Price/Book(x)	0.38	0.48	1.29	2.02	3.49	3.75	3.81	3.16	6.53	6.02	5.83
Dividend Yield(%)	5.87	4.52	1.64	0.98	0.7	0.49	0.44	1.59	0.1	0.25	0.12
EV/Net Sales(x)	0.32	0.28	0.55	0.85	1.81	2.4	2.53	2.55	5.16	4.94	4.6
EV/Core EBITDA(x)	2.98	2.91	5.15	6.43	10.62	11.92	12.07	11.6	22.35	23.66	23.35
Net Sales Growth(%)	3.65	14.21	14.27	5.44	2.55	4.58	15.06	-6.36	8.55	14.97	9.77
EBIT Growth(%)	-1.47	8.55	36.14	35.3	35.38	25.65	20.09	-2.75	14.68	3.94	3.59
PAT Growth(%)	2.97	8.24	61.15	43.56	36.27	24.67	19.5	11.82	12.71	4.03	4.5
EPS Growth(%)	2.97	16.8	61.82	43.56	36.28	24.67	19.5	11.82	19.62	4.03	5.73
Debt/Equity(x)	0.41	0.26	0.13	0.12	0.19	0.26	0.17	0.18	0.13	0.08	0.13
Current Ratio(x)	1.56	1.45	1.4	1.42	1.4	1.2	1.41	1.58	1.79	2.05	1.42
Quick Ratio(x)	1.07	1.01	1.01	1.12	1.01	0.8	0.97	1.11	1.38	1.49	0.92
Interest Cover(x)	3.31	4.06	6.91	10.98	19.86	16.34	14.27	16.46	21.16	21.47	19.67
Total Debt/Mcap(x)	1.09	0.54	0.1	0.06	0.06	0.07	0.04	0.06	0.02	0.01	0.02

Garware Tech. Fibres Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.62	52.62	52.62	52.62	52.7	52.7	52.7	52.7	52.7	52.7
FII	7.88	7.42	7.39	8.33	8.46	8.57	8.62	8.58	8.77	9.34
DII	4.35	5.48	5.92	6.61	6.98	7.59	8.76	9.62	10.2	10.01
Public	35.15	34.48	34.07	32.44	31.86	31.14	29.91	29.09	28.33	27.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.08	1.08	1.08	1.08	1.07	1.07	1.07	1.07	1.07	1.07
FII	0.16	0.15	0.15	0.17	0.17	0.17	0.18	0.17	0.18	0.19
DII	0.09	0.11	0.12	0.14	0.14	0.15	0.18	0.2	0.21	0.2
Public	0.72	0.71	0.7	0.67	0.65	0.63	0.61	0.59	0.58	0.57
Others	0	0	0	0	0	0	0	0	0	0
Total	2.06	2.06	2.06	2.06	2.04	2.04	2.04	2.04	2.04	2.04

Pros

Debtor days have improved from 240.44 to 176.02days.
Company is almost debt free.

Cons

Stock is trading at 5.4 times its book value.

* 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.

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Garware Tech. Fibres

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Garware Tech. Fibres Research see more...

Overview Inc. Year: 1976Industry: Textile

Garware Tech. Fibres Share Price

Alert Data

Quarterly Price

Peer Comparison

Garware Tech. Fibres Quarterly Results

Garware Tech. Fibres Profit & Loss

Growth Rates

Garware Tech. Fibres Balance Sheet

Garware Tech. Fibres Cash Flow

Garware Tech. Fibres Ratios

Garware Tech. Fibres Shareholding Pattern

Garware Tech. Fibres News

Top Unlisted Companies & InstaBuy Companies

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