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Garware Technical Fibres Ltd

GARFIBRES

Garware Technical Fibres Ltd

GARFIBRES
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹7,840 cr, stock is ranked 632
Moderate RiskStock is 2.46x as volatile as Nifty
3,866.802.08% (-82.20)
3,866.802.08% (-82.20)

Price Chart

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹7,840 cr, stock is ranked 632
Moderate RiskStock is 2.46x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹7,840 cr, stock is ranked 632
Moderate RiskStock is 2.46x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.966.350.08%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
42.927.320.46%

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.

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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 3.97%

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 0.78% to 0.82%

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 4.49%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue831.16854.38902.541,038.90985.281,069.241,214.941,333.451,368.801,380.59
Raw Materialssubtract307.26302.40302.28331.59297.71284.47379.29404.85402.981,058.41
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/Amortizationsubtract13.1114.1615.3517.2419.2620.6521.4622.3125.8826.48
Interest & Other Itemssubtract8.736.549.9813.7211.5710.3210.5711.9517.2118.99
Taxes & Other Itemssubtract25.2338.8947.9156.4238.3349.6751.6450.9863.5364.59
EPS28.2938.5548.0657.4364.2374.5479.9284.00102.16104.09
DPS3.305.004.505.0017.002.507.003.503.003.50
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
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Garware Technical Fibres Ltd37.666.350.08%
KPR Mill Ltd40.007.390.53%
Vedant Fashions Ltd76.1819.700.65%
Trident Ltd51.244.151.02%

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%9.45%0.94%9.56%27.06%

Dec 2023

Mar 2024

Apr 2024

Jun 2024

Shareholding History

JunSepDec '23MarAprJun8.62%8.58%8.77%9.34%9.25%9.56%

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
4.2595%1.94%-0.09%11/80 (0)
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM GLOBAL FUND DIRECT PL GROWTH

Growth
3.1623%3.74%-0.07%13/33 (-1)
Edelweiss Small Cap Fund - Growth - Direct Plan

Growth
0.4118%0.80%-0.07%59/78 (+2)

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 0.08%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.76 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
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

1 week 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

2 weeks 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

1 month 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

1 month 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

2 months agoCapital Market - Live

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

2 months agoFree Press Journal

Money Masters Leasing & Finance Ltd leads losers in ‘B’ group

3 months agoBusiness Standard

This Company’s Share Price Up By 34,806% In 22 Years And 171% Since March 2023 - News18

1 year agoNews18

Garware Synth Standalone June 2023 Net Sales at Rs 2.89 crore, down 1.16% Y-o-Y

1 year agoMoneycontrol

Garware Technical Fibres Q4 consolidated PAT up 11 pc at Rs 59.6 cr | The Financial Express

1 year agoFinancial Express