Garware Technical Fibres Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: July 3, 2025, 8:06 pm

Market Cap	8,950 Cr.
Current Price	902
High / Low	986/664
Stock P/E	38.6
Book Value	125
Dividend Yield	0.07 %
ROCE	24.7 %
ROE	18.7 %
Face Value	10.0
PEG Ratio	4.43

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Garware Technical Fibres Ltd

Competitors of Garware Technical Fibres Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IGC Industries Ltd	14.0 Cr.	4.04	24.8/3.77		0.26	0.00 %	1.19 %	16.6 %	10.0
Hindoostan Mills Ltd	31.5 Cr.	190	391/154		235	0.00 %	22.9 %	24.1 %	10.0
Gokak Textiles Ltd	65.0 Cr.	100	276/59.7		85.5	0.00 %	0.21 %	%	10.0
Globus Power Generation Ltd	159 Cr.	16.1	43.0/12.3		0.82	0.00 %	7.29 %	7.29 %	10.0
Gaekwar Mills Ltd	2.73 Cr.	13.6	13.8/13.1		373	0.00 %	106 %	%	10.0
Industry Average	2,022.00 Cr	126.01		50.49	76.86	0.08%	12.43%	31.27%	8.35

All Competitor Stocks of Garware Technical Fibres Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	356	304	356	275	370	326	328	289	382	336	421	351	433
Expenses	283	264	294	227	291	267	260	236	291	272	329	286	334
Operating Profit	73	41	62	47	80	58	69	53	91	64	91	65	98
OPM %	21%	13%	17%	17%	22%	18%	21%	18%	24%	19%	22%	18%	23%
Other Income	5	5	8	8	8	9	10	11	13	11	10	9	9
Interest	1	3	3	3	3	4	4	3	6	6	6	4	3
Depreciation	5	5	5	6	6	6	6	7	7	7	7	7	7
Profit before tax	71	37	61	47	78	57	68	55	91	62	88	62	97
Tax %	24%	24%	22%	22%	24%	25%	23%	21%	23%	25%	25%	23%	27%
Net Profit	54	28	48	37	60	43	52	43	70	47	66	48	71
EPS in Rs	5.23	2.73	4.63	3.59	5.86	4.22	5.15	4.25	6.88	4.71	6.64	4.81	7.16

Last Updated: May 31, 2025, 9:13 am

Below is a detailed analysis of the quarterly data for Garware Technical Fibres Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 433.00 Cr.. The value appears strong and on an upward trend. It has increased from 351.00 Cr. (Dec 2024) to 433.00 Cr., marking an increase of 82.00 Cr..
For Expenses, as of Mar 2025, the value is 334.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 286.00 Cr. (Dec 2024) to 334.00 Cr., marking an increase of 48.00 Cr..
For Operating Profit, as of Mar 2025, the value is 98.00 Cr.. The value appears strong and on an upward trend. It has increased from 65.00 Cr. (Dec 2024) to 98.00 Cr., marking an increase of 33.00 Cr..
For OPM %, as of Mar 2025, the value is 23.00%. The value appears strong and on an upward trend. It has increased from 18.00% (Dec 2024) to 23.00%, marking an increase of 5.00%.
For Other Income, as of Mar 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 9.00 Cr..
For Interest, as of Mar 2025, the value is 3.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.00 Cr. (Dec 2024) to 3.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 7.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 7.00 Cr..
For Profit before tax, as of Mar 2025, the value is 97.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Dec 2024) to 97.00 Cr., marking an increase of 35.00 Cr..
For Tax %, as of Mar 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 23.00% (Dec 2024) to 27.00%, marking an increase of 4.00%.
For Net Profit, as of Mar 2025, the value is 71.00 Cr.. The value appears strong and on an upward trend. It has increased from 48.00 Cr. (Dec 2024) to 71.00 Cr., marking an increase of 23.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 7.16. The value appears strong and on an upward trend. It has increased from 4.81 (Dec 2024) to 7.16, marking an increase of 2.35.

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: June 16, 2025, 5:31 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	685	782	825	846	885	1,018	953	1,035	1,189	1,306	1,326	1,540
Expenses	622	703	722	710	724	826	775	830	966	1,076	1,054	1,221
Operating Profit	62	79	103	136	161	192	178	204	223	230	272	319
OPM %	9%	10%	13%	16%	18%	19%	19%	20%	19%	18%	21%	21%
Other Income	4	4	6	8	18	21	32	35	25	28	43	38
Interest	13	10	9	7	10	14	12	10	11	12	17	20
Depreciation	14	12	13	14	15	17	19	21	21	22	26	28
Profit before tax	39	61	87	123	153	182	179	208	216	223	272	308
Tax %	32%	29%	29%	32%	31%	31%	21%	24%	24%	23%	23%	25%
Net Profit	27	43	62	84	105	126	141	158	165	172	208	232
EPS in Rs	2.35	3.94	5.66	7.71	9.61	11.49	12.85	15.36	15.98	16.90	20.43	23.33
Dividend Payout %	22%	15%	12%	13%	9%	9%	26%	3%	9%	4%	3%	6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	59.26%	44.19%	35.48%	25.00%	20.00%	11.90%	12.06%	4.43%	4.24%	20.93%	11.54%
Change in YoY Net Profit Growth (%)	0.00%	-15.07%	-8.70%	-10.48%	-5.00%	-8.10%	0.15%	-7.63%	-0.19%	16.69%	-9.39%

Garware Technical Fibres Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	10%
3 Years:	9%
TTM:	16%

Compounded Profit Growth
10 Years:	18%
5 Years:	11%
3 Years:	12%
TTM:	11%

Stock Price CAGR
10 Years:	35%
5 Years:	25%
3 Years:	13%
1 Year:	14%

Return on Equity
10 Years:	19%
5 Years:	19%
3 Years:	18%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 12:07 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	22	22	22	22	22	22	22	21	21	20	20	99
Reserves	254	289	344	424	515	628	717	790	950	996	1,213	1,142
Borrowings	71	40	45	86	138	108	133	102	80	134	123	65
Other Liabilities	253	349	412	309	310	319	319	406	365	343	414	450
Total Liabilities	599	699	822	842	985	1,078	1,191	1,319	1,415	1,493	1,771	1,757
Fixed Assets	153	166	199	203	221	227	244	247	240	246	262	277
CWIP	7	7	0	0	0	0	0	0	0	0	0	0
Investments	9	9	9	111	244	330	376	467	521	617	689	703
Other Assets	430	517	613	528	519	521	570	605	654	630	820	777
Total Assets	599	699	822	842	985	1,078	1,191	1,319	1,415	1,493	1,771	1,757

Below is a detailed analysis of the balance sheet data for Garware Technical Fibres Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 99.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Mar 2024) to 99.00 Cr., marking an increase of 79.00 Cr..
For Reserves, as of Mar 2025, the value is 1,142.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,213.00 Cr. (Mar 2024) to 1,142.00 Cr., marking a decrease of 71.00 Cr..
For Borrowings, as of Mar 2025, the value is 65.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 123.00 Cr. (Mar 2024) to 65.00 Cr., marking a decrease of 58.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 450.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 414.00 Cr. (Mar 2024) to 450.00 Cr., marking an increase of 36.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 1,757.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,771.00 Cr. (Mar 2024) to 1,757.00 Cr., marking a decrease of 14.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 277.00 Cr.. The value appears strong and on an upward trend. It has increased from 262.00 Cr. (Mar 2024) to 277.00 Cr., marking an increase of 15.00 Cr..
For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Mar 2025, the value is 703.00 Cr.. The value appears strong and on an upward trend. It has increased from 689.00 Cr. (Mar 2024) to 703.00 Cr., marking an increase of 14.00 Cr..
For Other Assets, as of Mar 2025, the value is 777.00 Cr.. The value appears to be declining and may need further review. It has decreased from 820.00 Cr. (Mar 2024) to 777.00 Cr., marking a decrease of 43.00 Cr..
For Total Assets, as of Mar 2025, the value is 1,757.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,771.00 Cr. (Mar 2024) to 1,757.00 Cr., marking a decrease of 14.00 Cr..

Notably, the Reserves (1,142.00 Cr.) exceed the Borrowings (65.00 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	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	79	74	143	120	28	133	110	228	64	189	219	195
Cash from Investing Activity +	-20	-25	-37	-147	-53	-78	-47	-120	8	-102	-73	-3
Cash from Financing Activity +	-70	-48	-36	27	29	-56	-37	-135	-38	-85	-39	-331
Net Cash Flow	-11	2	70	1	4	-1	25	-27	34	3	108	-139

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-9.00	39.00	58.00	50.00	23.00	84.00	45.00	102.00	143.00	96.00	149.00	254.00

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	85	76	85	94	85	90	87	90	85	79	65	72
Inventory Days	168	146	138	145	176	206	186	250	235	234	187	256
Days Payable	79	74	67	186	247	257	215	241	308	220	169	227
Cash Conversion Cycle	174	148	156	53	14	40	58	99	12	93	83	102
Working Capital Days	114	88	74	60	49	81	76	92	60	85	72	69
ROCE %	12%	14%	20%	25%	28%	26%	26%	23%	24%	23%	21%	23%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	52.62%	52.62%	52.62%	52.61%	52.70%	52.70%	52.70%	52.70%	52.70%	52.70%	53.00%	53.00%
FIIs	7.88%	7.42%	7.39%	8.33%	8.46%	8.57%	8.62%	8.58%	8.77%	9.34%	9.55%	9.82%
DIIs	4.35%	5.48%	5.93%	6.62%	6.98%	7.59%	8.76%	9.62%	10.19%	10.02%	10.39%	10.44%
Public	35.15%	34.48%	34.07%	32.44%	31.85%	31.12%	29.90%	29.09%	28.33%	27.95%	27.06%	26.74%
No. of Shareholders	41,797	42,928	45,019	44,518	44,346	42,859	42,625	41,185	38,111	92,445	37,164	36,832

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
Kotak Small Cap Fund - Regular Plan	882,158	1.93	338.28	882,158	2025-04-22 17:25:35	0%
SBI Magnum Global Fund	662,815	3.7	254.17	662,815	2025-04-22 17:25:35	0%
Kotak ELSS Tax Saver Fund	70,545	0.43	27.05	70,545	2025-04-22 17:25:35	0%
SBI Conservative Hybrid Fund	43,000	0.16	15.67	43,000	2025-04-22 17:25:35	0%
SBI Conservative Hybrid Fund - Div (Annual)	43,000	0.16	15.67	43,000	2025-04-22 17:25:35	0%
SBI Conservative Hybrid Fund - Div (Monthly)	43,000	0.16	15.67	43,000	2025-04-22 17:25:35	0%
SBI Magnum Children Benefit Plan	4,400	1.36	1.6	4,400	2025-04-22 17:25:35	0%
SBI Tax Advantage Fund - Series III	2,673	2.92	0.97	2,673	2025-04-22 17:25:35	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.)	102.16	83.54	79.92	74.64	64.22
Diluted EPS (Rs.)	102.16	83.54	79.92	74.64	64.22
Cash EPS (Rs.)	114.86	95.45	90.33	86.84	73.02
Book Value[Excl.RevalReserv]/Share (Rs.)	605.48	498.77	470.74	393.39	337.77
Book Value[Incl.RevalReserv]/Share (Rs.)	605.48	498.77	470.74	393.39	337.78
Revenue From Operations / Share (Rs.)	650.50	640.66	576.87	501.77	435.56
PBDIT / Share (Rs.)	154.48	126.33	120.50	115.93	95.83
PBIT / Share (Rs.)	141.78	115.38	110.09	105.92	87.03
PBT / Share (Rs.)	133.34	109.52	104.96	100.91	81.74
Net Profit / Share (Rs.)	102.16	84.50	79.92	76.82	64.22
NP After MI And SOA / Share (Rs.)	102.16	84.50	79.92	76.82	64.22
PBDIT Margin (%)	23.74	19.71	20.88	23.10	22.00
PBIT Margin (%)	21.79	18.01	19.08	21.10	19.98
PBT Margin (%)	20.49	17.09	18.19	20.11	18.76
Net Profit Margin (%)	15.70	13.18	13.85	15.31	14.74
NP After MI And SOA Margin (%)	15.70	13.18	13.85	15.31	14.74
Return on Networth / Equity (%)	16.87	16.94	16.97	19.52	19.01
Return on Capital Employeed (%)	22.43	22.13	22.29	25.42	24.37
Return On Assets (%)	11.75	11.53	11.64	12.01	11.80
Total Debt / Equity (X)	0.09	0.13	0.08	0.12	0.17
Asset Turnover Ratio (%)	0.81	0.86	0.85	0.80	0.82
Current Ratio (X)	1.92	1.42	2.05	1.79	1.58
Quick Ratio (X)	1.39	0.91	1.49	1.38	1.11
Inventory Turnover Ratio (X)	1.57	1.70	1.76	1.33	1.41
Dividend Payout Ratio (NP) (%)	3.42	8.38	3.12	0.00	34.25
Dividend Payout Ratio (CP) (%)	3.04	7.42	2.76	0.00	30.12
Earning Retention Ratio (%)	96.58	91.62	96.88	0.00	65.75
Cash Earning Retention Ratio (%)	96.96	92.58	97.24	0.00	69.88
Interest Coverage Ratio (X)	18.29	21.54	23.50	23.16	18.12
Interest Coverage Ratio (Post Tax) (X)	13.10	15.41	16.58	16.35	13.15
Enterprise Value (Cr.)	6717.25	6011.09	5877.56	5341.33	2432.83
EV / Net Operating Revenue (X)	5.07	4.60	4.94	5.16	2.55
EV / EBITDA (X)	21.34	23.35	23.66	22.35	11.60
MarketCap / Net Operating Revenue (X)	5.11	4.54	4.91	5.12	2.45
Retention Ratios (%)	96.57	91.61	96.87	0.00	65.74
Price / BV (X)	5.49	5.83	6.02	6.53	3.16
Price / Net Operating Revenue (X)	5.11	4.54	4.91	5.12	2.45
EarningsYield	0.03	0.02	0.02	0.02	0.06

After reviewing the key financial ratios for Garware Technical Fibres 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 102.16. This value is within the healthy range. It has increased from 83.54 (Mar 23) to 102.16, marking an increase of 18.62.
For Diluted EPS (Rs.), as of Mar 24, the value is 102.16. This value is within the healthy range. It has increased from 83.54 (Mar 23) to 102.16, marking an increase of 18.62.
For Cash EPS (Rs.), as of Mar 24, the value is 114.86. This value is within the healthy range. It has increased from 95.45 (Mar 23) to 114.86, marking an increase of 19.41.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 605.48. It has increased from 498.77 (Mar 23) to 605.48, marking an increase of 106.71.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 605.48. It has increased from 498.77 (Mar 23) to 605.48, marking an increase of 106.71.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 650.50. It has increased from 640.66 (Mar 23) to 650.50, marking an increase of 9.84.
For PBDIT / Share (Rs.), as of Mar 24, the value is 154.48. This value is within the healthy range. It has increased from 126.33 (Mar 23) to 154.48, marking an increase of 28.15.
For PBIT / Share (Rs.), as of Mar 24, the value is 141.78. This value is within the healthy range. It has increased from 115.38 (Mar 23) to 141.78, marking an increase of 26.40.
For PBT / Share (Rs.), as of Mar 24, the value is 133.34. This value is within the healthy range. It has increased from 109.52 (Mar 23) to 133.34, marking an increase of 23.82.
For Net Profit / Share (Rs.), as of Mar 24, the value is 102.16. This value is within the healthy range. It has increased from 84.50 (Mar 23) to 102.16, marking an increase of 17.66.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 102.16. This value is within the healthy range. It has increased from 84.50 (Mar 23) to 102.16, marking an increase of 17.66.
For PBDIT Margin (%), as of Mar 24, the value is 23.74. This value is within the healthy range. It has increased from 19.71 (Mar 23) to 23.74, marking an increase of 4.03.
For PBIT Margin (%), as of Mar 24, the value is 21.79. This value exceeds the healthy maximum of 20. It has increased from 18.01 (Mar 23) to 21.79, marking an increase of 3.78.
For PBT Margin (%), as of Mar 24, the value is 20.49. This value is within the healthy range. It has increased from 17.09 (Mar 23) to 20.49, marking an increase of 3.40.
For Net Profit Margin (%), as of Mar 24, the value is 15.70. This value exceeds the healthy maximum of 10. It has increased from 13.18 (Mar 23) to 15.70, marking an increase of 2.52.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 15.70. This value is within the healthy range. It has increased from 13.18 (Mar 23) to 15.70, marking an increase of 2.52.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.87. This value is within the healthy range. It has decreased from 16.94 (Mar 23) to 16.87, marking a decrease of 0.07.
For Return on Capital Employeed (%), as of Mar 24, the value is 22.43. This value is within the healthy range. It has increased from 22.13 (Mar 23) to 22.43, marking an increase of 0.30.
For Return On Assets (%), as of Mar 24, the value is 11.75. This value is within the healthy range. It has increased from 11.53 (Mar 23) to 11.75, marking an increase of 0.22.
For Total Debt / Equity (X), as of Mar 24, the value is 0.09. This value is within the healthy range. It has decreased from 0.13 (Mar 23) to 0.09, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.81. It has decreased from 0.86 (Mar 23) to 0.81, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 24, the value is 1.92. This value is within the healthy range. It has increased from 1.42 (Mar 23) to 1.92, marking an increase of 0.50.
For Quick Ratio (X), as of Mar 24, the value is 1.39. This value is within the healthy range. It has increased from 0.91 (Mar 23) to 1.39, marking an increase of 0.48.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.57. This value is below the healthy minimum of 4. It has decreased from 1.70 (Mar 23) to 1.57, marking a decrease of 0.13.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 3.42. This value is below the healthy minimum of 20. It has decreased from 8.38 (Mar 23) to 3.42, marking a decrease of 4.96.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 3.04. This value is below the healthy minimum of 20. It has decreased from 7.42 (Mar 23) to 3.04, marking a decrease of 4.38.
For Earning Retention Ratio (%), as of Mar 24, the value is 96.58. This value exceeds the healthy maximum of 70. It has increased from 91.62 (Mar 23) to 96.58, marking an increase of 4.96.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 96.96. This value exceeds the healthy maximum of 70. It has increased from 92.58 (Mar 23) to 96.96, marking an increase of 4.38.
For Interest Coverage Ratio (X), as of Mar 24, the value is 18.29. This value is within the healthy range. It has decreased from 21.54 (Mar 23) to 18.29, marking a decrease of 3.25.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 13.10. This value is within the healthy range. It has decreased from 15.41 (Mar 23) to 13.10, marking a decrease of 2.31.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,717.25. It has increased from 6,011.09 (Mar 23) to 6,717.25, marking an increase of 706.16.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.07. This value exceeds the healthy maximum of 3. It has increased from 4.60 (Mar 23) to 5.07, marking an increase of 0.47.
For EV / EBITDA (X), as of Mar 24, the value is 21.34. This value exceeds the healthy maximum of 15. It has decreased from 23.35 (Mar 23) to 21.34, marking a decrease of 2.01.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.11. This value exceeds the healthy maximum of 3. It has increased from 4.54 (Mar 23) to 5.11, marking an increase of 0.57.
For Retention Ratios (%), as of Mar 24, the value is 96.57. This value exceeds the healthy maximum of 70. It has increased from 91.61 (Mar 23) to 96.57, marking an increase of 4.96.
For Price / BV (X), as of Mar 24, the value is 5.49. This value exceeds the healthy maximum of 3. It has decreased from 5.83 (Mar 23) to 5.49, marking a decrease of 0.34.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.11. This value exceeds the healthy maximum of 3. It has increased from 4.54 (Mar 23) to 5.11, marking an increase of 0.57.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 23) to 0.03, marking an increase of 0.01.

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 Technical Fibres Ltd as of July 6, 2025 is: 722.33

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 July 6, 2025, Garware Technical Fibres Ltd is Overvalued by 19.92% compared to the current share price 902.00

Intrinsic Value of Garware Technical Fibres Ltd as of July 6, 2025 is: 785.31

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 July 6, 2025, Garware Technical Fibres Ltd is Overvalued by 12.94% compared to the current share price 902.00

Last 5 Year EPS CAGR: 8.72%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.08%, which is a positive sign. The company has higher reserves (688.50 cr) compared to borrowings (93.75 cr), indicating strong financial stability. The company has shown consistent growth in sales (415.17 cr) and profit (170.92 cr) over the years.	The stock has a high average Working Capital Days of 76.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 86.00, 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 Technical Fibres Ltd:
1. Net Profit Margin: 15.7%
  - 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: 22.43% (Industry Average ROCE: 12.43%)
  - 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%: 16.87% (Industry Average ROE: 31.27%)
  - 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): 13.1
  - 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: 1.39
  - 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: 38.6 (Industry average Stock P/E: 50.49)
  - 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: 0.09
  - 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 Technical Fibres Ltd. is a Public Limited Listed company incorporated on 01/04/1976 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25209MH1976PLC018939 and registration number is 018939. Currently Company is involved in the business activities of Manufacture of cordage, rope, twine and netting. Company's Total Operating Revenue is Rs. 1488.68 Cr. and Equity Capital is Rs. 99.27 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Textiles - General	Plot No. 11, Block D-1, Pune Maharashtra 411019	secretarial@garwarefibres.com http://www.garwarefibres.com

Management
Name	Position Held
Ms. M V Garware	Director
Mr. A S Wagle	Director
Mr. Ashish Goel	Director
Mr. B D Garware	Founder & Chairman
Mr. R B Garware	Chairman Emeritus
Mr. V R Garware	Chairman & Managing Director
Mr. S P Kulkarni	Director
Mr. S S Rajpathak	Director
Ms. Mallika Sagar	Director

FAQ

What is the intrinsic value of Garware Technical Fibres Ltd?

Garware Technical Fibres Ltd's intrinsic value (as of 06 July 2025) is 722.33 — 19.92% lower the current market price of 902.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 8,950 Cr. market cap, FY2025-2026 high/low of 986/664, reserves of 1,142 Cr, and liabilities of 1,757 Cr.

What is the Market Cap of Garware Technical Fibres Ltd?

The Market Cap of Garware Technical Fibres Ltd is 8,950 Cr..

What is the current Stock Price of Garware Technical Fibres Ltd as on 06 July 2025?

The current stock price of Garware Technical Fibres Ltd as on 06 July 2025 is 902.

What is the High / Low of Garware Technical Fibres Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Garware Technical Fibres Ltd stocks is ₹986/664.

What is the Stock P/E of Garware Technical Fibres Ltd?

The Stock P/E of Garware Technical Fibres Ltd is 38.6.

What is the Book Value of Garware Technical Fibres Ltd?

The Book Value of Garware Technical Fibres Ltd is 125.

What is the Dividend Yield of Garware Technical Fibres Ltd?

The Dividend Yield of Garware Technical Fibres Ltd is 0.07 %.

What is the ROCE of Garware Technical Fibres Ltd?

The ROCE of Garware Technical Fibres Ltd is 24.7 %.

What is the ROE of Garware Technical Fibres Ltd?

The ROE of Garware Technical Fibres Ltd is 18.7 %.

What is the Face Value of Garware Technical Fibres Ltd?

The Face Value of Garware Technical Fibres Ltd is 10.0.