Garware Technical Fibres Ltd.

NSE: GARFIBRES BSE: 509557 SECTOR: Textile  57k   438   56

3086.30
-23.75 (-0.76%)
NSE: 09 Jun 03:51 PM

Price Summary

Today's High

₹ 3125.05

Today's Low

₹ 3070

52 Week High

₹ 3754.85

52 Week Low

₹ 2650

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

6289.31 Cr.

Enterprise Value

6330.16 Cr.

No. of Shares

2.04 Cr.

P/E

39.54

P/B

6.13

Face Value

₹ 10

Div. Yield

0.11 %

Book Value (TTM)

₹  503.58

CASH

38.72 Cr.

DEBT

79.57 Cr.

Promoter Holding

52.7 %

EPS (TTM)

₹  78.06

Sales Growth

15.61%

ROE

17.49 %

ROCE

21.89%

Profit Growth

3.95 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Garware Technical Fibres Ltd.

Sportiva Garlon

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year15.61%
3 Year4.93%
5 Year6.81%

Profit Growth

1 Year3.95%
3 Year8.56%
5 Year13.78%

ROE%

1 Year17.49%
3 Year20.56%
5 Year20.86%

ROCE %

1 Year21.89%
3 Year24.42%
5 Year25.53%

Debt/Equity

0.0799

Price to Cash Flow

105.06

Interest Cover Ratio

21.0964019138756

CFO/PAT (5 Yr. Avg.)

0.788309777809572

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 52.7 0
Dec 2022 52.7 0
Sep 2022 52.62 0
Jun 2022 52.62 0
Mar 2022 52.62 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has been maintaining healthy ROE of 20.5597644879952% over the past 3 years.
  • Company has been maintaining healthy ROCE of 24.4191851957316% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 21.0964019138756.
  • The company has an efficient Cash Conversion Cycle of -100.1065896809 days.
  • Company has a healthy liquidity position with current ratio of 2.02447467926902.
  • The company has a high promoter holding of 52.7%.

 Limitations

  • The company has shown a poor profit growth of 8.56468307369329% for the Past 3 years.
  • The company has shown a poor revenue growth of 4.93456453631189% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 361.8 293.42 351.62 249.55 359.03
Total Expenditure 285.25 256.01 292.38 209.45 282.81
Operating Profit 76.54 37.41 59.24 40.11 76.22
Other Income 4.8 4.69 7.5 7.79 7.88
Interest 1.46 2.81 3.09 2.81 3.17
Depreciation 5.35 5.38 5.48 5.56 5.82
Exceptional Items 0 0 0 0 0
Profit Before Tax 74.54 33.92 58.17 39.52 75.11
Tax 17.39 7.89 12.18 9.44 18.14
Profit After Tax 57.15 26.03 45.99 30.08 56.97
Adjusted EPS (Rs) 27.72 12.63 22.31 14.61 27.66

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 884.61 1017.82 944.72 1017.26 1176.05
Total Expenditure 739.33 835.05 783.83 829.67 977.5
Operating Profit 145.28 182.77 160.89 187.59 198.55
Other Income 33.05 30.19 85.78 45.69 43.31
Interest 9.98 13.72 11.21 9.97 10.45
Depreciation 15.35 17.24 19.26 20.64 21.41
Exceptional Items 0 0 0 0 0
Profit Before Tax 153.01 182 216.2 202.67 210.01
Tax 47.89 56.39 38.2 48.04 49.28
Net Profit 105.12 125.61 178 154.63 160.73
Adjusted EPS (Rs.) 48.04 57.4 81.35 75 77.96

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 21.88 21.88 21.88 20.62 20.62
Total Reserves 514.11 627.62 751.05 820.74 975.62
Borrowings 0 0 0 0 0
Other N/C liabilities 39.06 44.62 42.04 47.96 47.38
Current liabilities 408.93 382.82 388.72 433.63 386.38
Total Liabilities 983.97 1076.93 1203.7 1322.95 1430.01
Assets
Net Block 221.23 226.69 244.5 246.89 239.82
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 244.66 288.54 325.79 275.16 389.31
Loans & Advances 26.8 20.26 17.76 18.06 18.13
Other N/C Assets 2.14 2.3 2.4 0.53 0.52
Current Assets 489.14 539.14 613.25 782.3 782.22
Total Assets 983.97 1076.93 1203.7 1322.95 1430.01
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 153.01 182 216.2 202.67 210.01
Adjustment 1.2 15.25 -43.5 1.88 8.21
Changes in Assets & Liabilities -85.01 -13.66 24.38 45.28 -109.67
Tax Paid -41.21 -50.35 -52.72 -44.47 -48.69
Operating Cash Flow 27.99 133.24 144.36 205.36 59.86
Investing Cash Flow -53.08 -77.82 -57.6 -120.56 7.47
Financing Cash Flow 29.16 -55.99 -69.23 -107.01 -32.95
Net Cash Flow 4.07 -0.58 17.54 -22.21 34.38

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 52.62 52.62 52.62 52.70 52.70
garware capital ma... 16.28 16.28 16.28 16.28 16.28
vayu ramesh garware 6.62 6.61 6.62 6.62 6.62
vayu ramesh garwar... 5.38 5.38 5.38 5.38 5.38
vmir investment li... 4.21 4.21 4.21 4.21 4.21
vayu ramesh garwar... 4.30 4.30 4.30 4.30 4.30
vrg investments li... 4.03 4.03 4.03 4.03 4.03
vimlabai garware r... 2.70 2.70 2.70 2.70 2.70
moonshine investme... 2.10 2.10 2.10 2.10 2.10
manmit investments... 1.30 1.30 1.30 1.30 1.30
sanand investments... 1.26 1.26 1.26 1.26 1.26
sukukar holdings &... 1.17 1.17 1.17 1.17 1.17
starshine comtrade... - - - - -
starshine investme... 0.92 0.92 0.92 0.92 0.92
gurukrupa comtrade... - - - - -
gurukrupa investme... 0.42 0.42 0.42 0.42 0.42
garware research ... 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 47.38 47.38 47.38 47.30 47.30
catamaran advisors... - 2.15 2.17 2.46 2.46
verdipapirfondent ... 1.94 - - - -
verdipapirfondet o... - - 1.19 1.63 1.82
sbi small cap fund 1.19 - 1.35 1.31 1.31
sbi small and midc... - 1.35 - - -
garware polyester ... 1.20 1.20 1.20 1.20 1.20
vinodchandra mansu... 1.17 1.17 1.17 1.17 1.17
al mehwar commerci... - - - - -
iepf 0.28 0.25 0.25 0.28 0.28

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY22 7 Jun 2022
  • PresentationQ4FY21 10 Jun 2021

Company News

Garware Technical Fibres informs about analyst meet30 May 2023, 2:16PM Garware Technical Fibres informs about investor presentation30 May 2023, 2:05PM Garware Technical Fibres informs about press release23 May 2023, 12:53PM Garware Tech. Fibres - Quaterly Results22 May 2023, 4:38PM Garware Tech. Fibres - Quaterly Results22 May 2023, 4:38PM Garware Tech. Fibres - Quaterly Results22 May 2023, 4:38PM Garware Technical Fibre informs about disclosure21 Apr 2023, 2:14PM Garware Technical Fibres informs about loss of share certificate20 Apr 2023, 2:22PM Garware Technical Fibres informs about loss of share certificate 4 Apr 2023, 2:24PM Garware Technical Fibres to acquire 26% stake in TP Bhaskar Renewables17 Mar 2023, 5:31PM Garware Technical Fibres informs about analyst meet 28 Feb 2023, 10:41AM Garware Technical Fibres informs about issue of duplicate share certificate15 Feb 2023, 5:20PM Garware Tech. Fibres - Quaterly Results9 Feb 2023, 4:10PM Garware Tech. Fibres - Quaterly Results9 Feb 2023, 4:10PM Garware Tech. Fibres - Quaterly Results9 Feb 2023, 4:10PM Garware Technical Fibres informs about loss of share certificate 2 Feb 2023, 12:58PM Garware Technical Fibres informs about board meeting 2 Feb 2023, 12:57PM Garware Technical Fibres informs about credit rating21 Jan 2023, 2:42PM Garware Technical Fibres informs about loss of share certificate 14 Dec 2022, 5:17PM Garware Technical Fibres informs about newspaper publication30 Nov 2022, 4:48PM Garware Technical Fibres informs about loss of share certificates18 Nov 2022, 3:08PM Garware Technical Fibres informs about disclosure of related party transactions2 Nov 2022, 5:22PM Garware Technical Fibres informs about newspaper advertisement22 Oct 2022, 12:07PM Garware Tech. Fibres - Quaterly Results21 Oct 2022, 5:16PM Garware Tech. Fibres - Quaterly Results21 Oct 2022, 5:16PM Garware Technical Fibres informs about issuance of duplicate share certificate 13 Oct 2022, 4:58PM Garware Technical Fibres informs about loss of share certificate 28 Sep 2022, 4:16PM Garware Technical Fibres informs about disclosure 17 Sep 2022, 11:13AM Garware Technical Fibres informs about loss of share certificate 16 Sep 2022, 5:08PM Garware Technical Fibres informs about press release23 Aug 2022, 4:32PM Garware Technical Fibres informs about AGM22 Aug 2022, 5:05PM Garware Technical Fibres informs about AGM22 Aug 2022, 5:01PM Garware Tech. Fibres - Quaterly Results5 Aug 2022, 2:07PM Garware Tech. Fibres - Quaterly Results5 Aug 2022, 2:07PM Garware Tech. Fibres - Quaterly Results5 Aug 2022, 2:07PM Garware Technical Fibres informs about details of loss of certificate 26 Jul 2022, 4:29PM Garware Technical Fibres informs about loss of share certificates13 Jul 2022, 12:39PM Garware Technical Fibres informs about trading window closure 30 Jun 2022, 5:15PM Garware Technical Fibres informs about newspaper publication16 Jun 2022, 10:20AM Garware Technical Fibres informs about details of loss of certificate 14 Jun 2022, 12:51PM Garware Tech. Fibres - Quaterly Results5 May 2022, 3:48PM Garware Tech. Fibres - Quaterly Results5 May 2022, 3:48PM Garware Tech. Fibres - Quaterly Results5 May 2022, 3:48PM Garware Technical Fibres informs about compliances-certificate 5 Apr 2022, 4:39PM Garware Technical Fibres informs about loss of share certificate22 Mar 2022, 5:24PM Garware Technical Fibres informs about loss of share certificates17 Feb 2022, 5:03PM Garware Tech. Fibres - Quaterly Results12 Feb 2022, 5:04PM Garware Tech. Fibres - Quaterly Results12 Feb 2022, 5:04PM Garware Tech. Fibres - Quaterly Results12 Feb 2022, 5:04PM Garware Technical Fibres informs about newspaper publication27 Nov 2021, 12:08PM

Garware Tech. Fibres Stock Price Analysis and Quick Research Report. Is Garware Tech. Fibres an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Garware Tech. Fibres has a PE ratio of 39.5382949967012 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Garware Tech. Fibres has ROA of 11.6769528882515 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Garware Tech. Fibres has a Current ratio of 2.02447467926902 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Garware Tech. Fibres has a ROE of 17.4935426615336 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Garware Tech. Fibres has a D/E ratio of 0.0799 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Garware Tech. Fibres has an Inventory turnover ratio of 6.40293241480022 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Garware Tech. Fibres has reported revenue growth of 15.6097922059615 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Garware Tech. Fibres for the current financial year is 16.8828130938819 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Garware Tech. Fibres is Rs 7 and the yield is 0.1131 %.

Brief about Garware Tech. Fibres

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