GARWARE TECHNICAL FIBRES LIMITED
₹741.75-₹11.45 (-1.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,415 Cr
- P/E
- 32.7x
- EV / EBITDA
- 21.3x
- Revenue
- ₹1,481 Cr
- Net margin
- 15.6%
- ROCE
- 19.1%
Price chart
Technical chartScreen technicals →-2.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -4.1%
- 3M
- +2.7%
- 6M
- +21.0%
- 1Y
- -2.7%
- 5Y
- +4.7%
52-week range
Day change -₹11.45 (-1.5%) from ₹753 to ₹742 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in GARFIBRES, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 16.2%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
Read moreShow less
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.
- Sector
- Technology
- Shares outstanding
- 10.0 Cr shares
- ISIN
- INE276A01018
- BSE code
- 509557
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,415 Cr
- P/E
- 32.7x
- P/B
- 5.0x
- EV / EBITDA
- 21.3x
- EV / Sales
- 5.0x
- P/S
- 5.0x
- Earnings yield
- 3.1%
- 52-week high
- ₹838.85
- 52-week low
- ₹594.05
Profitability
- Operating margin
- 20.3%
- Net margin
- 15.6%
- EBITDA margin
- 23.6%
- ROE
- 16.2%
- ROCE
- 19.1%
- ROA
- 11.3%
- Dividend payout
- 3.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 16.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,481 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹300 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹198 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹137 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.8%
Solvency and efficiency
- Current ratio
- 3.71
- Debt / Equity
- 0.10
- Debt / Assets
- 0.07
- Debt / EBITDA
- 0.41
- Interest coverage
- 15.18
- Financial leverage
- 1.43
- CFO / Net profit
- 0.99
- Cash / Market cap
- 11.8%
- Cash per share
- ₹76.10
- Asset turnover
- 0.72
- Fixed asset turnover
- 4.87
- Capital intensity
- 0.21
- Debtor days
- 73 days
- Inventory turnover
- 1.50
- Cash conversion cycle
- 87 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,185 Cr |
| Sales | Operating profit | ₹296 Cr |
| Operating profit | Interest | ₹19 Cr |
| Operating profit | Depreciation | ₹28 Cr |
| Operating profit | Profit before tax | ₹249 Cr |
| Other income | Profit before tax | ₹37 Cr |
| Profit before tax | Tax and other | ₹72 Cr |
| Profit before tax | Net profit | ₹214 Cr |
Revenue and net profit
Revenue grew 16.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,017 Cr | ₹155 Cr |
| FY2022 | ₹1,174 Cr | ₹161 Cr |
| FY2023 | ₹1,248 Cr | ₹159 Cr |
| FY2024 | ₹1,272 Cr | ₹199 Cr |
| FY2025 | ₹1,481 Cr | ₹214 Cr |
Cash flows
FY2025: ₹181 Cr from operations, ₹193 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹205 Cr | ₹84 Cr |
| FY2022 | ₹60 Cr | ₹67 Cr |
| FY2023 | ₹185 Cr | ₹82 Cr |
| FY2024 | ₹198 Cr | ₹144 Cr |
| FY2025 | ₹181 Cr | ₹193 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,481 Cr+16.4%1Y
- Net profit
- ₹214 Cr+7.5%1Y
- Cash from operations
- ₹181 Cr
- Free cash flow
- ₹193 Cr+34.0%1Y
- Revenue CAGR, 5Y
- 6.1%
- EBITDA CAGR, 5Y
- 4.0%
- Net profit CAGR, 5Y
- 2.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,481 Cr | ₹296 Cr | — | ₹214 Cr | ₹181 Cr | ₹193 Cr | 17.5% | +16.4% | +7.5% |
Monthly returns
Month-by-month returns of GARFIBRES across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,718 Cr |
| Equity capital | ₹99 Cr |
| Reserves | ₹1,121 Cr |
| Borrowings | ₹65 Cr |
| Other liabilities | ₹433 Cr |
| Assets | ₹1,718 Cr |
| Fixed assets | ₹276 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹751 Cr |
| Other assets | ₹690 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
GARFIBRES trades at 32.7x earnings against a peer median of 52.1x (a 37% discount).
Not shown (no positive earnings and no EV / Sales): Tejas Networks Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| GARWARE TECHNICAL FIBRES LIMITEDGARFIBRESthis companyP/E ↓ discount | ₹6,415 Cr | 32.7x | 5.0x | 16.2% | 21.3x |
| GARWARE HI-TECH FILMS LIMITEDGRWRHITECH | ₹6,982 Cr | 21.8x | 2.9x | 9.2% | 23.9x |
| Tejas Networks LimitedTEJASNET | ₹6,668 Cr | — | 2.0x | 2.6% | 21.5x |
| TANLA PLATFORMS LIMITEDTANLA | ₹6,599 Cr | 25.4x | 13.0x | 25.7% | 34.5x |
| Happiest Minds Technologies LimitedHAPPSTMNDS | ₹6,535 Cr | 31.9x | 4.2x | 16.7% | 16.6x |
| Mastek LimitedMASTEK | ₹6,301 Cr | 34.5x | 7.8x | 14.1% | 44.8x |
| Dynamatic Technologies Ltd.DYNAMATECH | ₹6,152 Cr | 122.0x | 8.5x | 15.6% | 35.3x |
| PNC Infratech LimitedPNCINFRA | ₹6,063 Cr | 16.5x | 1.1x | 17.8% | 4.2x |
| Avalon Technologies LimitedAVALON | ₹5,943 Cr | 80.0x | 7.7x | 4.8% | 115.1x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
GARFIBRES since 1 January, against earlier years.
Historical volatility
GARFIBRES's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 20.0% |
| FY2022 | 18.0% |
| FY2023 | 17.0% |
| FY2024 | 20.0% |
| FY2025 | 20.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,481 Cr |
| Costs | |
| Interest | ₹19 Cr |
| Expenses | ₹1,185 Cr |
| Operating profitOperating Profit | ₹296 Cr |
| Other income and charges | |
| Profit before tax | ₹286 Cr |
| Tax | |
| Net profitNet Profit | ₹214 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,718 Cr |
| Equity capitalEquity Capital | ₹99 Cr |
| Reserves | ₹1,121 Cr |
| Borrowings | ₹65 Cr |
| Other liabilitiesOther Liabilities | ₹433 Cr |
| AssetsTotal Assets | ₹1,718 Cr |
| Fixed assetsFixed Assets | ₹276 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹751 Cr |
| Other assetsOther Assets | ₹690 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹181 Cr |
| Investing cash flowCash from Investing Activity | ₹12 Cr |
| Financing cash flowCash from Financing Activity | -₹330 Cr |
| Change in cashNet Cash Flow | -₹137 Cr |
Learn while you research
Academy chapters picked for GARWARE TECHNICAL FIBRES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 32.7, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read