Garware Hi Tech Films Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 11, 2025, 10:36 pm

Market Cap	9,164 Cr.
Current Price	3,949
High / Low	5,378/1,513
Stock P/E	29.4
Book Value	960
Dividend Yield	0.25 %
ROCE	14.0 %
ROE	10.4 %
Face Value	10.0
PEG Ratio	1.48

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Garware Hi Tech Films Ltd

Competitors of Garware Hi Tech Films Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Hindustan Tin Works Ltd	147 Cr.	142	239/132	12.4	201	0.85 %	11.1 %	8.65 %	10.0
Gujarat Containers Ltd	98.7 Cr.	175	200/142	11.4	83.6	0.86 %	22.7 %	22.9 %	10.0
Goblin India Ltd	29.1 Cr.	21.1	60.0/20.6	7.53	31.8	0.00 %	8.18 %	6.90 %	10.0
G K P Printing & Packaging Ltd	12.3 Cr.	5.60	12.0/5.31		9.98	0.00 %	5.50 %	7.89 %	10.0
Garware Hi Tech Films Ltd	9,164 Cr.	3,949	5,378/1,513	29.4	960	0.25 %	14.0 %	10.4 %	10.0
Industry Average	2,481.11 Cr	349.55		76.62	172.70	0.32%	11.98%	34.11%	7.23

All Competitor Stocks of Garware Hi Tech Films Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	334	324	370	395	324	349	380	397	454	447	474	621	466
Expenses	269	268	308	328	279	296	316	332	379	368	356	484	385
Operating Profit	65	55	62	67	45	53	64	65	75	78	119	137	81
OPM %	19%	17%	17%	17%	14%	15%	17%	16%	17%	18%	25%	22%	17%
Other Income	8	15	8	9	7	17	9	9	9	12	11	14	12
Interest	5	5	4	4	4	5	4	4	2	2	2	2	2
Depreciation	7	7	7	8	8	10	10	10	10	10	10	10	10
Profit before tax	60	59	59	64	40	56	59	61	73	78	118	138	81
Tax %	29%	23%	25%	25%	25%	23%	25%	24%	23%	26%	25%	25%	25%
Net Profit	43	45	45	48	30	43	44	46	56	58	88	104	61
EPS in Rs	18.46	19.42	19.17	20.72	13.09	18.54	18.81	19.76	24.05	24.88	38.03	44.88	26.17

Last Updated: February 28, 2025, 11:41 am

Below is a detailed analysis of the quarterly data for Garware Hi Tech Films Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹466.00 Cr.. The value appears to be declining and may need further review. It has decreased from 621.00 Cr. (Sep 2024) to ₹466.00 Cr., marking a decrease of 155.00 Cr..
For Expenses, as of Dec 2024, the value is ₹385.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 484.00 Cr. (Sep 2024) to ₹385.00 Cr., marking a decrease of 99.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹81.00 Cr.. The value appears to be declining and may need further review. It has decreased from 137.00 Cr. (Sep 2024) to ₹81.00 Cr., marking a decrease of 56.00 Cr..
For OPM %, as of Dec 2024, the value is 17.00%. The value appears to be declining and may need further review. It has decreased from 22.00% (Sep 2024) to 17.00%, marking a decrease of 5.00%.
For Other Income, as of Dec 2024, the value is ₹12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 14.00 Cr. (Sep 2024) to ₹12.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Dec 2024, the value is ₹2.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹10.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 10.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹81.00 Cr.. The value appears to be declining and may need further review. It has decreased from 138.00 Cr. (Sep 2024) to ₹81.00 Cr., marking a decrease of 57.00 Cr..
For Tax %, as of Dec 2024, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 25.00%.
For Net Profit, as of Dec 2024, the value is ₹61.00 Cr.. The value appears to be declining and may need further review. It has decreased from 104.00 Cr. (Sep 2024) to ₹61.00 Cr., marking a decrease of 43.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 26.17. The value appears to be declining and may need further review. It has decreased from ₹44.88 (Sep 2024) to 26.17, marking a decrease of ₹18.71.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 3:56 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	777	843	896	857	874	833	948	925	989	1,303	1,438	1,677	2,008
Expenses	709	774	836	776	801	750	804	763	770	1,065	1,211	1,395	1,593
Operating Profit	69	69	60	81	73	83	144	162	219	238	227	282	415
OPM %	9%	8%	7%	9%	8%	10%	15%	17%	22%	18%	16%	17%	21%
Other Income	14	16	27	6	8	5	9	12	15	39	42	39	49
Interest	30	37	44	44	33	25	19	18	20	18	17	12	9
Depreciation	39	34	15	17	14	14	14	20	24	28	32	39	41
Profit before tax	13	14	27	27	34	50	120	135	190	231	220	270	415
Tax %	-113%	26%	35%	38%	33%	34%	32%	36%	34%	28%	24%	25%
Net Profit	28	10	18	16	22	33	82	86	126	167	166	203	311
EPS in Rs	12.15	4.41	7.64	7.08	9.66	14.26	35.14	37.03	54.21	71.96	71.51	87.50	133.96
Dividend Payout %	0%	0%	0%	0%	10%	14%	28%	27%	18%	14%	14%	11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-64.29%	80.00%	-11.11%	37.50%	50.00%	148.48%	4.88%	46.51%	32.54%	-0.60%	22.29%
Change in YoY Net Profit Growth (%)	0.00%	144.29%	-91.11%	48.61%	12.50%	98.48%	-143.61%	41.63%	-13.97%	-33.14%	22.89%

Garware Hi Tech Films Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	12%
3 Years:	19%
TTM:	27%

Compounded Profit Growth
10 Years:	40%
5 Years:	20%
3 Years:	18%
TTM:	65%

Stock Price CAGR
10 Years:	44%
5 Years:	88%
3 Years:	75%
1 Year:	137%

Return on Equity
10 Years:	7%
5 Years:	9%
3 Years:	10%
Last Year:	10%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 1:38 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	519	530	545	562	1,231	1,269	1,349	1,380	1,540	1,688	1,833	2,022	2,206
Borrowings	351	440	368	315	312	171	149	147	138	182	141	0	14
Other Liabilities	82	96	105	119	87	107	125	128	167	240	218	279	272
Total Liabilities	975	1,089	1,042	1,020	1,653	1,570	1,646	1,679	1,868	2,133	2,214	2,324	2,515
Fixed Assets	555	562	649	648	1,231	1,226	1,238	1,279	1,329	1,341	1,467	1,450	1,445
CWIP	39	86	11	5	8	10	11	20	11	96	10	2	11
Investments	1	1	1	1	29	36	120	116	226	274	393	363	525
Other Assets	380	441	381	366	386	298	277	264	302	423	344	508	535
Total Assets	975	1,089	1,042	1,020	1,653	1,570	1,646	1,679	1,868	2,133	2,214	2,324	2,515

Below is a detailed analysis of the balance sheet data for Garware Hi Tech Films Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹23.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,206.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,022.00 Cr. (Mar 2024) to ₹2,206.00 Cr., marking an increase of 184.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹14.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹0.00 Cr. (Mar 2024) to ₹14.00 Cr., marking an increase of 14.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹272.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹279.00 Cr. (Mar 2024) to ₹272.00 Cr., marking a decrease of 7.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹2,515.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹2,324.00 Cr. (Mar 2024) to ₹2,515.00 Cr., marking an increase of 191.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,445.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,450.00 Cr. (Mar 2024) to ₹1,445.00 Cr., marking a decrease of 5.00 Cr..
For CWIP, as of Sep 2024, the value is ₹11.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2.00 Cr. (Mar 2024) to ₹11.00 Cr., marking an increase of 9.00 Cr..
For Investments, as of Sep 2024, the value is ₹525.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹363.00 Cr. (Mar 2024) to ₹525.00 Cr., marking an increase of 162.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹535.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹508.00 Cr. (Mar 2024) to ₹535.00 Cr., marking an increase of 27.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹2,515.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,324.00 Cr. (Mar 2024) to ₹2,515.00 Cr., marking an increase of 191.00 Cr..

Notably, the Reserves (₹2,206.00 Cr.) exceed the Borrowings (14.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	48	22	91	101	77	134	141	99	199	172	218	172
Cash from Investing Activity +	-42	-78	-20	-5	-12	-5	-101	-44	-126	-141	-168	46
Cash from Financing Activity +	32	50	-107	-96	-40	-172	-49	-64	-36	6	-89	-169
Net Cash Flow	39	-6	-36	0	25	-43	-8	-9	38	37	-39	48

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-282.00	-371.00	-308.00	-234.00	-239.00	-88.00	-5.00	15.00	81.00	56.00	86.00	282.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	20	25	20	17	26	17	22	21	16	9	8	8
Inventory Days	80	107	93	111	90	82	70	100	128	145	109	132
Days Payable	27	30	30	36	39	54	68	62	89	76	57	73
Cash Conversion Cycle	74	102	82	91	77	44	24	58	54	79	60	67
Working Capital Days	49	70	55	50	49	25	7	19	9	26	23	36
ROCE %	5%	5%	7%	8%	5%	5%	9%	10%	13%	13%	12%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	60.72%	60.72%	60.73%	60.73%	60.73%	60.73%	60.73%	60.73%	60.73%	60.73%	60.73%	60.73%
FIIs	0.10%	0.07%	0.12%	0.08%	0.18%	0.12%	0.14%	0.12%	0.31%	0.52%	1.56%	2.69%
DIIs	3.26%	3.22%	2.03%	2.39%	2.19%	2.35%	3.49%	3.77%	4.21%	4.76%	4.48%	4.33%
Public	35.92%	36.00%	37.13%	36.80%	36.91%	36.81%	35.65%	35.38%	34.75%	34.00%	33.25%	32.27%
No. of Shareholders	30,837	31,086	31,173	31,924	32,022	31,580	30,410	38,092	39,316	42,191	50,963	55,518

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
LIC MF Large & Mid Cap Fund	201,312	1.59	50.24	10,643	2025-03-10	1791.5%
LIC MF Multi Cap Fund	115,234	2.23	28.76	10,643	2025-03-10	982.72%
LIC MF Infrastructure Fund	74,591	3.01	18.62	10,643	2025-03-10	600.85%
LIC MF Small Cap Fund	40,151	3.15	10.02	10,643	2025-03-10	277.25%
LIC MF Balanced Advantage Fund	32,969	0.94	8.23	10,643	2025-03-10	209.77%
Motilal Oswal Nifty Microcap 250 Index Fund	16,338	0.3	4.08	10,643	2025-03-10	53.51%
LIC MF Dividend Yield Fund	12,047	0.91	3.01	10,643	2025-03-10	13.19%
LIC MF Value Fund	10,643	2.15	2.66	10,643	2025-03-10	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	87.50	71.51	71.96	54.21	37.03
Diluted EPS (Rs.)	87.50	71.51	71.96	54.21	37.03
Cash EPS (Rs.)	104.30	85.46	84.09	64.53	45.76
Book Value[Excl.RevalReserv]/Share (Rs.)	880.15	798.81	736.42	673.01	604.21
Book Value[Incl.RevalReserv]/Share (Rs.)	880.15	798.81	736.42	673.01	604.21
Revenue From Operations / Share (Rs.)	721.84	618.97	560.70	425.71	398.08
PBDIT / Share (Rs.)	138.19	115.94	119.44	100.57	74.67
PBIT / Share (Rs.)	121.40	101.99	107.31	90.25	65.93
PBT / Share (Rs.)	116.33	94.67	99.46	81.82	57.99
Net Profit / Share (Rs.)	87.50	71.51	71.96	54.21	37.02
NP After MI And SOA / Share (Rs.)	87.50	71.51	71.96	54.21	37.02
PBDIT Margin (%)	19.14	18.73	21.30	23.62	18.75
PBIT Margin (%)	16.81	16.47	19.13	21.20	16.56
PBT Margin (%)	16.11	15.29	17.73	19.21	14.56
Net Profit Margin (%)	12.12	11.55	12.83	12.73	9.30
NP After MI And SOA Margin (%)	12.12	11.55	12.83	12.73	9.30
Return on Networth / Equity (%)	9.94	8.95	9.77	8.05	6.12
Return on Capital Employeed (%)	13.41	11.98	13.31	12.42	9.95
Return On Assets (%)	8.74	7.50	7.83	6.74	5.12
Long Term Debt / Equity (X)	0.00	0.04	0.06	0.06	0.08
Total Debt / Equity (X)	0.00	0.07	0.10	0.06	0.08
Asset Turnover Ratio (%)	0.73	0.60	0.63	0.54	0.53
Current Ratio (X)	3.49	2.74	2.29	2.40	2.16
Quick Ratio (X)	2.18	1.90	1.48	1.71	1.42
Inventory Turnover Ratio (X)	3.36	3.28	4.15	3.51	4.28
Dividend Payout Ratio (NP) (%)	11.42	13.98	13.89	0.00	61.95
Dividend Payout Ratio (CP) (%)	9.58	11.70	11.89	0.00	50.12
Earning Retention Ratio (%)	88.58	86.02	86.11	0.00	38.05
Cash Earning Retention Ratio (%)	90.42	88.30	88.11	0.00	49.88
Interest Coverage Ratio (X)	27.25	15.85	15.21	11.93	9.40
Interest Coverage Ratio (Post Tax) (X)	18.26	10.78	10.16	7.43	5.66
Enterprise Value (Cr.)	3944.52	1285.74	1693.99	1651.93	473.27
EV / Net Operating Revenue (X)	2.35	0.89	1.30	1.67	0.51
EV / EBITDA (X)	12.29	4.77	6.10	7.07	2.73
MarketCap / Net Operating Revenue (X)	2.42	0.84	1.24	1.64	0.41
Retention Ratios (%)	88.57	86.01	86.10	0.00	38.04
Price / BV (X)	1.98	0.65	0.94	1.04	0.27
Price / Net Operating Revenue (X)	2.42	0.84	1.24	1.64	0.41
EarningsYield	0.05	0.13	0.10	0.07	0.22

After reviewing the key financial ratios for Garware Hi Tech Films Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 87.50. This value is within the healthy range. It has increased from 71.51 (Mar 23) to 87.50, marking an increase of 15.99.
For Diluted EPS (Rs.), as of Mar 24, the value is 87.50. This value is within the healthy range. It has increased from 71.51 (Mar 23) to 87.50, marking an increase of 15.99.
For Cash EPS (Rs.), as of Mar 24, the value is 104.30. This value is within the healthy range. It has increased from 85.46 (Mar 23) to 104.30, marking an increase of 18.84.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 880.15. It has increased from 798.81 (Mar 23) to 880.15, marking an increase of 81.34.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 880.15. It has increased from 798.81 (Mar 23) to 880.15, marking an increase of 81.34.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 721.84. It has increased from 618.97 (Mar 23) to 721.84, marking an increase of 102.87.
For PBDIT / Share (Rs.), as of Mar 24, the value is 138.19. This value is within the healthy range. It has increased from 115.94 (Mar 23) to 138.19, marking an increase of 22.25.
For PBIT / Share (Rs.), as of Mar 24, the value is 121.40. This value is within the healthy range. It has increased from 101.99 (Mar 23) to 121.40, marking an increase of 19.41.
For PBT / Share (Rs.), as of Mar 24, the value is 116.33. This value is within the healthy range. It has increased from 94.67 (Mar 23) to 116.33, marking an increase of 21.66.
For Net Profit / Share (Rs.), as of Mar 24, the value is 87.50. This value is within the healthy range. It has increased from 71.51 (Mar 23) to 87.50, marking an increase of 15.99.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 87.50. This value is within the healthy range. It has increased from 71.51 (Mar 23) to 87.50, marking an increase of 15.99.
For PBDIT Margin (%), as of Mar 24, the value is 19.14. This value is within the healthy range. It has increased from 18.73 (Mar 23) to 19.14, marking an increase of 0.41.
For PBIT Margin (%), as of Mar 24, the value is 16.81. This value is within the healthy range. It has increased from 16.47 (Mar 23) to 16.81, marking an increase of 0.34.
For PBT Margin (%), as of Mar 24, the value is 16.11. This value is within the healthy range. It has increased from 15.29 (Mar 23) to 16.11, marking an increase of 0.82.
For Net Profit Margin (%), as of Mar 24, the value is 12.12. This value exceeds the healthy maximum of 10. It has increased from 11.55 (Mar 23) to 12.12, marking an increase of 0.57.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 12.12. This value is within the healthy range. It has increased from 11.55 (Mar 23) to 12.12, marking an increase of 0.57.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.94. This value is below the healthy minimum of 15. It has increased from 8.95 (Mar 23) to 9.94, marking an increase of 0.99.
For Return on Capital Employeed (%), as of Mar 24, the value is 13.41. This value is within the healthy range. It has increased from 11.98 (Mar 23) to 13.41, marking an increase of 1.43.
For Return On Assets (%), as of Mar 24, the value is 8.74. This value is within the healthy range. It has increased from 7.50 (Mar 23) to 8.74, marking an increase of 1.24.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.04 (Mar 23) to 0.00, marking a decrease of 0.04.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.07 (Mar 23) to 0.00, marking a decrease of 0.07.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.73. It has increased from 0.60 (Mar 23) to 0.73, marking an increase of 0.13.
For Current Ratio (X), as of Mar 24, the value is 3.49. This value exceeds the healthy maximum of 3. It has increased from 2.74 (Mar 23) to 3.49, marking an increase of 0.75.
For Quick Ratio (X), as of Mar 24, the value is 2.18. This value exceeds the healthy maximum of 2. It has increased from 1.90 (Mar 23) to 2.18, marking an increase of 0.28.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.36. This value is below the healthy minimum of 4. It has increased from 3.28 (Mar 23) to 3.36, marking an increase of 0.08.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 11.42. This value is below the healthy minimum of 20. It has decreased from 13.98 (Mar 23) to 11.42, marking a decrease of 2.56.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 9.58. This value is below the healthy minimum of 20. It has decreased from 11.70 (Mar 23) to 9.58, marking a decrease of 2.12.
For Earning Retention Ratio (%), as of Mar 24, the value is 88.58. This value exceeds the healthy maximum of 70. It has increased from 86.02 (Mar 23) to 88.58, marking an increase of 2.56.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.42. This value exceeds the healthy maximum of 70. It has increased from 88.30 (Mar 23) to 90.42, marking an increase of 2.12.
For Interest Coverage Ratio (X), as of Mar 24, the value is 27.25. This value is within the healthy range. It has increased from 15.85 (Mar 23) to 27.25, marking an increase of 11.40.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 18.26. This value is within the healthy range. It has increased from 10.78 (Mar 23) to 18.26, marking an increase of 7.48.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,944.52. It has increased from 1,285.74 (Mar 23) to 3,944.52, marking an increase of 2,658.78.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.35. This value is within the healthy range. It has increased from 0.89 (Mar 23) to 2.35, marking an increase of 1.46.
For EV / EBITDA (X), as of Mar 24, the value is 12.29. This value is within the healthy range. It has increased from 4.77 (Mar 23) to 12.29, marking an increase of 7.52.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.42. This value is within the healthy range. It has increased from 0.84 (Mar 23) to 2.42, marking an increase of 1.58.
For Retention Ratios (%), as of Mar 24, the value is 88.57. This value exceeds the healthy maximum of 70. It has increased from 86.01 (Mar 23) to 88.57, marking an increase of 2.56.
For Price / BV (X), as of Mar 24, the value is 1.98. This value is within the healthy range. It has increased from 0.65 (Mar 23) to 1.98, marking an increase of 1.33.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.42. This value is within the healthy range. It has increased from 0.84 (Mar 23) to 2.42, marking an increase of 1.58.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.13 (Mar 23) to 0.05, marking a decrease of 0.08.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Garware Hi Tech Films Ltd as of March 12, 2025 is: ₹2,354.11

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, Garware Hi Tech Films Ltd is Overvalued by 40.39% compared to the current share price 3,949.00

Intrinsic Value of Garware Hi Tech Films Ltd as of March 12, 2025 is: 2,821.02

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Garware Hi Tech Films Ltd is Overvalued by 28.56% compared to the current share price 3,949.00

Last 5 Year EPS CAGR: 19.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,282.62 cr) compared to borrowings (209.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (611.31 cr) and profit (134.31 cr) over the years.	The stock has a low average ROCE of 8.83%, which may not be favorable. The stock has a high average Working Capital Days of 34.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.67, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Garware Hi Tech Films Ltd:
1. Net Profit Margin: 12.12%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 13.41% (Industry Average ROCE: 11.98%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.94% (Industry Average ROE: 34.11%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 18.26
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.18
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 29.4 (Industry average Stock P/E: 76.62)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Garware Hi-Tech Films Ltd. is a Public Limited Listed company incorporated on 06/06/1957 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L10889MH1957PLC010889 and registration number is 010889. Currently company belongs to the Industry of Packaging & Containers. Company's Total Operating Revenue is Rs. 1581.65 Cr. and Equity Capital is Rs. 23.23 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	Naigaon, Aurangabad Maharashtra 431133	cs@garwarehitech.com http://www.garwarehitechfilms.com

Management
Name	Position Held
Dr. S B Garware	Chairman & Managing Director
Ms. Monika Garware	Vice Chairperson & Jt.Managing Director
Mrs. Sarita Garware Ramsay	Joint Managing Director
Mr. Mohan S Adsul	Whole Time Director
Ms. Sonia Garware	Non Exe.Non Ind.Director
Ms. Devanshi H Nanavati	Independent Director
Mr. Vivekanand Heroor Kamath	Independent Director
Mr. Nilesh R Doshi	Independent Director
Mr. Deepak N Chawla	Independent Director
Mr. Manoj K Sonawala	Independent Director
Dr. Nayan J Rawal	Independent Director

FAQ

What is the latest intrinsic value of Garware Hi Tech Films Ltd?

The latest intrinsic value of Garware Hi Tech Films Ltd as on 11 March 2025 is ₹2354.11, which is 40.39% lower than the current market price of 3,949.00, indicating the stock is overvalued by 40.39%. The intrinsic value of Garware Hi Tech Films Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹9,164 Cr. and recorded a high/low of ₹5,378/1,513 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹2,206 Cr and total liabilities of ₹2,515 Cr.

What is the Market Cap of Garware Hi Tech Films Ltd?

The Market Cap of Garware Hi Tech Films Ltd is 9,164 Cr..

What is the current Stock Price of Garware Hi Tech Films Ltd as on 11 March 2025?

The current stock price of Garware Hi Tech Films Ltd as on 11 March 2025 is ₹3,949.

What is the High / Low of Garware Hi Tech Films Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Garware Hi Tech Films Ltd stocks is ₹5,378/1,513.

What is the Stock P/E of Garware Hi Tech Films Ltd?

The Stock P/E of Garware Hi Tech Films Ltd is 29.4.

What is the Book Value of Garware Hi Tech Films Ltd?

The Book Value of Garware Hi Tech Films Ltd is 960.

What is the Dividend Yield of Garware Hi Tech Films Ltd?

The Dividend Yield of Garware Hi Tech Films Ltd is 0.25 %.

What is the ROCE of Garware Hi Tech Films Ltd?

The ROCE of Garware Hi Tech Films Ltd is 14.0 %.

What is the ROE of Garware Hi Tech Films Ltd?

The ROE of Garware Hi Tech Films Ltd is 10.4 %.

What is the Face Value of Garware Hi Tech Films Ltd?

The Face Value of Garware Hi Tech Films Ltd is 10.0.