Garware Hi-Tech Films Ltd.

NSE: GRWRHITECH BSE: 500655 SECTOR: Plastic Products  23k   82   9

607.10
-12.80 (-2.06%)
NSE: Today, 03:44 PM

Price Summary

Today's High

₹ 635.6

Today's Low

₹ 594

52 Week High

₹ 929

52 Week Low

₹ 583.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1410.44 Cr.

Enterprise Value

1569.31 Cr.

No. of Shares

2.32 Cr.

P/E

8.43

P/B

0.8

Face Value

₹ 10

Div. Yield

1.65 %

Book Value (TTM)

₹  759.07

CASH

42.99 Cr.

DEBT

201.87 Cr.

Promoter Holding

60.72 %

EPS (TTM)

₹  72.05

Sales Growth

31.61%

ROE

9.9 %

ROCE

13.36%

Profit Growth

34.97 %

* 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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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

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Ratios

Sales Growth

1 Year31.61%
3 Year11.06%
5 Year8.01%

Profit Growth

1 Year34.97%
3 Year29.17%
5 Year48.92%

ROE%

1 Year9.9%
3 Year8.09%
5 Year6.51%

ROCE %

1 Year13.36%
3 Year11.73%
5 Year9.76%

Debt/Equity

0.1196

Price to Cash Flow

10.19

Interest Cover Ratio

13.9773384482638

CFO/PAT (5 Yr. Avg.)

1.42107293161661

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 60.72 0
Sep 2022 60.72 0
Jun 2022 60.72 0
Mar 2022 60.72 0
Dec 2021 60.72 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 29.1690458427555% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 13.9773384482638.
  • Company’s PEG ratio is 0.240938466150818.
  • The company has an efficient Cash Conversion Cycle of 0.0860309997763977 days.
  • Company has a healthy liquidity position with current ratio of 2.29129278434208.
  • The company has a good cash flow management; CFO/PAT stands at 1.42107293161661.
  • The company has a high promoter holding of 60.72%.

 Limitations

  • The company has shown a poor revenue growth of 11.0604473078882% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 325.81 308.95 327.54 354.82 359.49
Total Expenditure 270.88 251.29 273.07 290.44 302.26
Operating Profit 54.93 57.66 54.47 64.38 57.23
Other Income 9.72 7.49 15.54 7.14 8.16
Interest 4.47 4.29 4.35 3.78 3.68
Depreciation 7.05 7.21 7.17 7.25 7.47
Exceptional Items 0 0 0 0 0
Profit Before Tax 53.13 53.65 58.49 60.49 54.24
Tax 11.52 15.48 15.03 15.33 13.63
Profit After Tax 41.61 38.17 43.46 45.16 40.61
Adjusted EPS (Rs) 17.91 16.43 18.71 19.44 17.48

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 823.25 922.69 877.31 960.39 1263.97
Total Expenditure 739.75 789.62 734.19 753.28 1035.7
Operating Profit 83.51 133.08 143.12 207.11 228.27
Other Income 5.18 8.94 25 15.63 39.55
Interest 24.44 18.65 17.71 18.37 17.15
Depreciation 13.41 13.67 20.15 23.84 28.07
Exceptional Items 0 0 0 0 0
Profit Before Tax 50.83 109.7 130.27 180.53 222.59
Tax 17.07 35.37 43.33 61.84 62.39
Net Profit 33.76 74.34 86.94 118.7 160.21
Adjusted EPS (Rs.) 14.53 32 37.42 51.09 68.96

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 23.23 23.23 23.23 23.23 23.23
Total Reserves 1267.63 1340.81 1371.84 1524.21 1664.66
Borrowings 137.11 113.22 130.84 111.81 130.19
Other N/C liabilities -50.36 -37.75 -21.34 14.05 38.42
Current liabilities 131.45 150.43 134.73 177.44 247.59
Total Liabilities 1509.07 1589.94 1639.3 1850.73 2104.09
Assets
Net Block 1225.43 1237.66 1278.87 1328.9 1340.41
Capital WIP 9.73 10.59 18.64 10.83 95.85
Intangible WIP 0 0 1.44 0.15 0.07
Investments 25.56 31.11 29.42 68.87 75.76
Loans & Advances 19.4 20.77 22.6 13.82 23.05
Other N/C Assets 0 0 0 12.59 1.65
Current Assets 228.95 289.81 288.32 415.57 567.31
Total Assets 1509.07 1589.94 1639.3 1850.73 2104.09
* 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 50.83 109.7 130.27 180.53 222.59
Adjustment 33.52 26.69 15.28 34.2 20.37
Changes in Assets & Liabilities 54.35 24.28 -30.09 -4.65 -68.47
Tax Paid -9.66 -23.59 -25.49 -31.16 -36.02
Operating Cash Flow 129.05 137.1 89.97 178.92 138.47
Investing Cash Flow -5.27 -100.61 -30.55 -125.72 -141.26
Financing Cash Flow -171.12 -48.02 -63.35 -34.57 6.9
Net Cash Flow -47.34 -11.53 -3.93 18.63 4.11

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 60.72 60.72 60.72 60.72 60.72
s. b. garware fami... - 38.09 38.09 38.09 38.09
s b garware family... 38.09 - - - -
b. d. garware rese... - 5.35 5.35 - -
b.d.garware resear... 5.35 - - - 5.35
b d garware resear... - - - 5.35 -
b d garware resear... - - - - -
shashikant bhalcha... 5.01 5.01 5.01 5.01 5.01
monika garware ben... 2.47 2.47 2.47 2.47 2.47
sarita garware ben... 2.47 2.47 2.47 2.47 2.47
great view real es... 2.02 2.02 - 2.02 2.02
great view real es... - - 2.02 - -
sonia shashikant g... 1.16 1.16 1.16 1.16 1.16
monika . garware - - - - -
sarita garware ram... 1.15 1.15 1.15 1.15 1.15
monika garware 1.15 - - - -
monika rajiv garw... - - 1.15 - -
monika rajiv garwa... - 1.15 - 1.15 1.15
garware industriee... 1.01 1.01 1.01 1.01 1.01
garware industriee... - - - - -
sheela shashikant ... 0.76 0.76 0.76 0.76 0.76
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 39.28 39.28 39.28 39.28 39.28
minal bharat patel 8.08 8.08 - - 8.02
minal b. patel - - 8.08 - -
finquest securitie... - - - 8.02 -
ashish kacholia - - - - -
life insurance cor... 3.67 3.67 3.67 3.67 3.67
hardik b. patel 2.84 2.84 2.84 2.84 2.84
lici asm non par - - - - -
iepf 1.28 0.94 0.94 0.82 0.94
investor education... - - - - -
dalal & broacha st... 1.43 - - 1.43 1.43
dalal & broacha st... - - 1.43 - -
dalal & broach sto... - 1.43 - - -
quant mutual fund ... - - - - -
llp - - - - -
unit trust of india - - - 0.04 -
uti - 0.04 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Garware Hi-Tech Films informs about loss of share certificates24 Dec 2022, 2:44PM Garware Hi-Tech Films informs about commissioning of new lamination line14 Dec 2022, 5:20PM Garware Hi-Tech Films informs about details of loss of certificate 13 Dec 2022, 3:05PM Garware Hi-Tech Films informs about loss of share certificates3 Dec 2022, 4:26PM Garware Hi-Tech Films informs about press release26 Nov 2022, 3:56PM Garware Hi-Tech Films informs about disclosure of related party transactions24 Nov 2022, 10:56AM Garware Hi-Tech Films informs about loss of share certificate19 Nov 2022, 12:24PM Garware Hi-Tech Films reports 11% rise in Q2 consolidated net profit 12 Nov 2022, 4:53PM Garware Hi-Tech - Quaterly Results11 Nov 2022, 1:31PM Garware Hi-Tech - Quaterly Results11 Nov 2022, 1:31PM Garware Hi-Tech Films informs about disclosure22 Oct 2022, 3:53PM Garware Hi-Tech Films informs about loss of share certificates22 Oct 2022, 3:38PM Garware Hi-Tech Films informs about resignation of whole-time director10 Oct 2022, 5:04PM Garware Hi-Tech Films informs about loss of share certificate 22 Sep 2022, 4:54PM Garware Hi-Tech Films informs about loss of share certificate20 Sep 2022, 5:05PM Garware Hi-Tech Films informs about details of loss of certificate 9 Sep 2022, 4:28PM Garware Hi-Tech Films informs about loss of share certificates20 Aug 2022, 4:16PM Garware Hi-Tech Films informs about loss of share certificates11 Aug 2022, 3:06PM Garware Hi-Tech - Quaterly Results4 Aug 2022, 1:27PM Garware Hi-Tech - Quaterly Results4 Aug 2022, 1:27PM Garware Hi-Tech - Quaterly Results4 Aug 2022, 1:27PM Garware Hi-Tech Films informs about investor presentation4 Jun 2022, 3:18PM Garware Hi-Tech Films informs about earnings call4 Jun 2022, 3:09PM Garware Hi-Tech Films informs about secretarial compliance report28 May 2022, 2:48PM Garware Hi-Tech Films gets nod for proposal of new business opportunity 26 May 2022, 4:13PM Garware Hi-Tech - Quaterly Results26 May 2022, 1:41PM Garware Hi-Tech - Quaterly Results26 May 2022, 1:41PM Garware Hi-Tech Films informs about non- applicability of large corporate entity26 Apr 2022, 3:45PM Garware Hi-Tech Films informs about loss of share certificates12 Apr 2022, 4:54PM Garware Hi-Tech Films informs about loss of share certificates15 Mar 2022, 4:59PM Garware Hi-Tech Films informs about newspaper publication26 Feb 2022, 3:03PM Garware Hi-Tech - Quaterly Results10 Feb 2022, 1:26PM Garware Hi-Tech - Quaterly Results10 Feb 2022, 1:26PM Garware Hi-Tech - Quaterly Results10 Feb 2022, 1:26PM Garware Hi-Tech Films lists on NSE to increase investors' participation4 Feb 2022, 2:28PM Garware Hi-Tech Films informs about details of loss of share certificate 21 Jan 2022, 4:26PM Garware Hi-Tech Films informs about loss of share certificates20 Dec 2021, 4:14PM Garware Hi-Tech Films informs about loss of share certificates7 Dec 2021, 2:24PM Garware Hi-Tech Films informs about details of loss of share certificate 22 Nov 2021, 2:13PM Garware Hi-Tech Films informs about transcript of earnings call19 Nov 2021, 4:17PM Garware Hi-Tech Films informs about loss of share certificates19 Nov 2021, 12:58PM Garware Hi-Tech Films informs about details of loss of share certificate 16 Nov 2021, 12:33PM Garware Hi-Tech Films informs about loss of share certificates25 Oct 2021, 12:55PM Garware Hi-Tech Films bags silver at India Green Manufacturing Challenge Award 2020-2121 Sep 2021, 2:42PM Garware Hi-Tech Films informs about analysts meet18 Aug 2021, 4:25PM Garware Hi-Tech Films informs about earnings call transcript5 Aug 2021, 2:07PM Garware Hi-Tech Films informs about analyst meet3 Aug 2021, 5:02PM Garware Hi-Tech Films informs about loss of share certificate19 Jul 2021, 12:23PM Garware Hi-Tech Films informs about loss of share certificates12 Jul 2021, 4:54PM Garware Hi-Tech Films informs about loss of share certificate5 Jul 2021, 2:53PM

Garware Hi-Tech Stock Price Analysis and Quick Research Report. Is Garware Hi-Tech 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 Hi-Tech has a PE ratio of 8.42555506518668 which is low and comparatively undervalued .

  • 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 Hi-Tech has ROA of 8.10177024144778 % 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 Hi-Tech has a Current ratio of 2.29129278434208 .

  • 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 Hi-Tech has a ROE of 9.90346573052133 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Garware Hi-Tech has a D/E ratio of 0.1196 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 Hi-Tech has an Inventory turnover ratio of 10.3481867456884 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Garware Hi-Tech has reported revenue growth of 31.6100790265252 % 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 Hi-Tech for the current financial year is 18.0595859712288 %.

  • 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 Hi-Tech is Rs 10 and the yield is 1.6741 %.

Brief about Garware Hi-Tech

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