Garware Technical Fibres Limited GARFIBRES NSE

Consumer Cyclical · Textile Manufacturing · India

https://www.garwarefibres.com

Garware Technical Fibres Limited manufactures and sells various technical textile products in India and internationally. It operates through Synthetic Cordage and Fibre and Industrial Products and Projects segments. The company provides smolt and grow out cages, predator cages, mooring and vertical ropes, and lice shields; bottom and pelagic trawling, purse seine, gill and dol netting, and crab/lobster netting, as well as trawling products; and insect, anti-hail, anti-bird, grape, crop support, floriculture, fencing, cage, shade, and BLRS nets, as well as staking cord, seed production, and weed mat products. It also offers coated fabrics products for decorative fabrics, bouncies, passive heat management solution, sports, water tank/bio flock, bio gas, and shelter fabrics applications; mooring, towing, and other rope articles and accessories; UHMPE products; single point mooring systems; air inflatable tents/shelters/structures, recovery/under slung ropes, and fast ropes; fire retardant/vehicle/muzzle/gun covers; sport nets, sports frames and accessories, safety/protection nets, and fitness and mountaineering ropes, as well as customized products comprising wood carrying bags, hay and cargo nets, and helicopter landing nets; and transmission, submersible, and other general applications ropes. In addition, the company provides bag closing, doll hair, and jute bag stitching products; fall protection solutions; bird protection nets; and geo synthesis solutions for environment, highways and railways, erosion control, mining, oil and gas, energy, slope protection, coastal and river protection works; and lifting solutions, such as lifting and round slings, cut and abrasion resistant sleeves, and other slings. The company was formerly known as Garware-Wall Ropes Limited and changed its name to Garware Technical Fibres Limited in July 2018. Garware Technical Fibres Limited was incorporated in 1976 and is based in Pune, India.

Market & Price

Market Cap

₹6,546.09 Cr

Current Price

₹659.45

High / Low (52W)

₹949.38 / ₹592.45

Beta

-0.02

Valuation

Stock P/E

33.01

Industry PE

26.67

Forward P/E

23.14

PEG Ratio

1.15

Book Value

₹136.49

Price to Book

4.83

P/S

4.28

EV/EBITDA

21.74

Dividend Yield

1.44%

Profitability & Returns

ROCE

19.60%

ROE

15.31%

ROA

8.57%

Profit Margin

13.00%

Op Margin

20.44%

EPS (Latest Qtr)

₹5.77

EPS (TTM)

₹19.98

Balance Sheet & Liquidity

Debt/Equity

3.16

Quick Ratio

1.60

Current Ratio

2.74

Debt

₹42.82 Cr

Total Assets

₹1,878.75 Cr

Current Assets

₹1,191.65 Cr

Working Capital

₹756.37 Cr

Ownership

Promoter Holding

58.13%

Chg in Prom Hold

FII / Inst Holding

13.25%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹6,166.11 Cr

Total Revenue (TTM)

₹1,528.79 Cr

EBITDA

₹283.61 Cr

Free Cash Flow

₹68.48 Cr

Operating Cash Flow

₹162.07 Cr

Shares Outstanding

₹9.93 Cr

Gross Margin

70.31%

Payout Ratio

47.48%

Growth (CAGR)

Revenue 5Y

5.73%

Profit 5Y

4.88%

Revenue (YoY)

-1.40%

Earnings (YoY)

-19.40%

PROS

Generates positive free cash flow.

CONS

Trading 30.5% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	GARFIBRES Garware Technical Fibres Limited NSE	659.45	33.01	₹6,546.09 Cr	1.44%	19.60%	15.31%	5.73%	4.88%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	432.55 Cr	367.23 Cr	347.90 Cr	387.25 Cr	426.41 Cr
Cost of Revenue	128.13 Cr	104.44 Cr	106.69 Cr	114.15 Cr	129.07 Cr
Gross Profit	304.43 Cr	262.79 Cr	241.20 Cr	273.09 Cr	297.34 Cr
Operating Expenses	213.48 Cr	202.08 Cr	201.40 Cr	211.60 Cr	210.19 Cr
Operating Income	90.94 Cr	60.72 Cr	39.80 Cr	61.49 Cr	87.15 Cr
EBITDA	107.22 Cr	80.96 Cr	57.77 Cr	88.52 Cr	90.15 Cr
Interest Expense	3.11 Cr	3.16 Cr	3.49 Cr	3.79 Cr	3.12 Cr
Pretax Income	96.78 Cr	70.39 Cr	45.65 Cr	75.40 Cr	77.94 Cr
Tax Provision	25.73 Cr	17.30 Cr	13.67 Cr	19.18 Cr	20.81 Cr
Net Income	71.08 Cr	53.09 Cr	31.99 Cr	56.22 Cr	57.26 Cr
Diluted EPS	7.16	5.35	3.22	5.66	5.77

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,293.48 Cr	1,318.26 Cr	1,540.11 Cr	1,528.79 Cr
Cost of Revenue	-	508.75 Cr	455.94 Cr	433.12 Cr	453.92 Cr
Gross Profit	-	784.73 Cr	862.32 Cr	1,106.99 Cr	1,074.87 Cr
Operating Expenses	-	588.38 Cr	621.37 Cr	816.57 Cr	825.71 Cr
Operating Income	-	196.35 Cr	240.94 Cr	290.42 Cr	249.16 Cr
EBITDA	-	253.68 Cr	309.57 Cr	356.83 Cr	317.40 Cr
Interest Expense	-	8.19 Cr	11.97 Cr	20.03 Cr	13.56 Cr
Pretax Income	-	223.18 Cr	271.71 Cr	308.46 Cr	269.39 Cr
Tax Provision	-	50.98 Cr	61.45 Cr	76.91 Cr	70.97 Cr
Net Income	-	172.20 Cr	210.27 Cr	231.54 Cr	198.67 Cr
Diluted EPS	15.98	16.75	21.07	23.32	-

Compounded Sales Growth

5 Years:	5.73%
1 Year:	-1.40%

Compounded Profit Growth

5 Years:	4.88%
1 Year:	-19.40%

Stock Price Performance

1 Year:	-23.08%
6 Months:	-8.10%
3 Months:	+0.50%
1 Month:	+7.63%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	1,493.17 Cr	1,771.00 Cr	1,756.62 Cr	1,878.75 Cr
Current Assets	-	609.80 Cr	926.53 Cr	846.37 Cr	1,191.65 Cr
Cash & Equivalents	-	41.62 Cr	149.24 Cr	10.70 Cr	98.66 Cr
Inventory	-	214.37 Cr	256.74 Cr	269.62 Cr	398.60 Cr
Receivables	-	234.04 Cr	262.37 Cr	316.86 Cr	276.68 Cr
Total Liabilities	-	476.77 Cr	537.14 Cr	515.05 Cr	524.32 Cr
Current Liabilities	-	430.87 Cr	483.09 Cr	451.24 Cr	435.28 Cr
Long Term Debt	-	-	-	-	19.13 Cr
Total Debt	-	133.55 Cr	123.10 Cr	64.86 Cr	42.81 Cr
Total Equity	-	1,016.40 Cr	1,233.86 Cr	1,241.57 Cr	1,354.42 Cr
Shares Outstanding	-	10.19 Cr	10.45 Cr	9.93 Cr	9.93 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	189.38 Cr	218.80 Cr	196.12 Cr	162.07 Cr
Investing Cash Flow	-	-101.72 Cr	-72.66 Cr	10.29 Cr	63.66 Cr
Financing Cash Flow	-	-85.11 Cr	-38.52 Cr	-331.83 Cr	-152.25 Cr
Capital Expenditure	-	-28.90 Cr	-42.64 Cr	-43.76 Cr	-56.38 Cr
Free Cash Flow	-	160.49 Cr	176.17 Cr	152.37 Cr	105.69 Cr
Net Change in Cash	-	2.56 Cr	107.62 Cr	-125.42 Cr	73.47 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	60.7%	65.4%	71.9%	70.3%
Operating Margin %	-	15.2%	18.3%	18.9%	16.3%
Net Margin %	-	13.3%	16.0%	15.0%	13.0%
ROE %	-	16.9%	17.0%	18.6%	14.7%
ROCE %	-	18.5%	18.7%	22.2%	17.3%

Shareholding Pattern

Insiders

58.13%

Institutions

13.25%

Public Float

31.64%

Analyst View

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GARFIBRES · Consumer Cyclical