Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 2:56 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 509557 | NSE: GARFIBRES

Garware Technical Fibres Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹556.09Fairly Valued by 7.01%vs CMP ₹598.00

P/E (28.0) × ROE (18.7%) × BV (₹131.00) × DY (1.34%)

₹324.17Overvalued by 45.79%vs CMP ₹598.00
MoS: -84.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹589.4822%Fair (-1.4%)
Graham NumberEarnings₹251.0916%Over (-58%)
Earnings PowerEarnings₹160.7313%Over (-73.1%)
DCFCash Flow₹289.7713%Over (-51.5%)
Net Asset ValueAssets₹130.747%Over (-78.1%)
EV/EBITDAEnterprise₹406.129%Over (-32.1%)
Earnings YieldEarnings₹213.907%Over (-64.2%)
ROCE CapitalReturns₹305.129%Over (-49%)
Revenue MultipleRevenue₹232.675%Over (-61.1%)
Consensus (9 models)₹324.17100%Overvalued
Key Drivers: Wide model spread (₹131–₹589) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 6.0%

*Investments are subject to market risks

Investment Snapshot

66
Garware Technical Fibres Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 24.7% ExcellentROE 18.7% ExcellentD/E 0.12 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 0.53% MF sellingPromoter holding at 53.4% Stable
Earnings Quality65/100 · Strong
OPM expanding (19% → 21%) Improving
Quarterly Momentum30/100 · Weak
Revenue (4Q): 5% YoY FlatProfit (4Q): -10% YoY DecliningOPM: 14.0% (down 8.0% YoY) Margin pressure
Industry Rank80/100 · Strong
P/E 28.0 vs industry 50.9 Cheaper than peersROCE 24.7% vs industry 10.8% Above peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:56 am

Market Cap 5,937 Cr.
Current Price 598
Intrinsic Value₹324.17
High / Low 970/579
Stock P/E28.0
Book Value 131
Dividend Yield1.34 %
ROCE24.7 %
ROE18.7 %
Face Value 10.0
PEG Ratio4.66

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

View Share Price Target for Garware Technical Fibres Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Garware Technical Fibres Ltd 5,937 Cr. 598 970/57928.0 1311.34 %24.7 %18.7 % 10.0
TCNS Clothing Co. Ltd 3,697 Cr. 584 / 47.90.00 %28.7 %63.1 % 2.00
Jindal Worldwide Ltd 2,023 Cr. 20.2 79.3/17.830.8 8.170.00 %10.2 %10.1 % 1.00
GHCL Textiles Ltd 673 Cr. 70.4 99.0/65.011.8 1530.71 %4.53 %3.96 % 2.00
Sutlej Textiles and Industries Ltd 440 Cr. 26.9 51.7/23.7 52.00.00 %2.57 %7.04 % 1.00
Industry Average1,369.00 Cr94.1150.9181.700.16%10.78%29.54%8.11

All Competitor Stocks of Garware Technical Fibres Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 356275370326328289382336421351433367348
Expenses 294227291267260236291272329286334299299
Operating Profit 62478058695391649165986848
OPM % 17%17%22%18%21%18%24%19%22%18%23%19%14%
Other Income 8889101113111099139
Interest 3334436664333
Depreciation 5666677777779
Profit before tax 61477857685591628862977046
Tax % 22%22%24%25%23%21%23%25%25%23%27%25%30%
Net Profit 48376043524370476648715332
EPS in Rs 4.633.595.864.225.154.256.884.716.644.817.165.353.22

Last Updated: January 1, 2026, 5:35 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 3:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6857828258468851,0189531,0351,1891,3061,3261,5401,535
Expenses 6227037227107248267758309661,0761,0541,2211,249
Operating Profit 6279103136161192178204223230272319286
OPM % 9%10%13%16%18%19%19%20%19%18%21%21%19%
Other Income 4468182132352528433849
Interest 131097101412101112172014
Depreciation 14121314151719212122262833
Profit before tax 396187123153182179208216223272308288
Tax % 32%29%29%32%31%31%21%24%24%23%23%25%
Net Profit 27436284105126141158165172210232213
EPS in Rs 2.353.945.667.719.6111.4912.8515.3615.9816.9020.6323.3321.39
Dividend Payout % 22%15%12%13%9%9%26%3%9%4%3%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)59.26%44.19%35.48%25.00%20.00%11.90%12.06%4.43%4.24%22.09%10.48%
Change in YoY Net Profit Growth (%)0.00%-15.07%-8.70%-10.48%-5.00%-8.10%0.15%-7.63%-0.19%17.85%-11.62%

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:18%
Compounded Profit Growth
10 Years:18%
5 Years:11%
3 Years:12%
TTM:12%
Stock Price CAGR
10 Years:30%
5 Years:14%
3 Years:3%
1 Year:3%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:18%
Last Year:19%

Last Updated: September 5, 2025, 4:30 am

Balance Sheet

Last Updated: February 1, 2026, 12:41 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222222222222212120209999
Reserves 2542893444245156287177909509961,2131,1421,199
Borrowings 714045861381081331028013412365132
Other Liabilities 253349412309310319319406365343414450447
Total Liabilities 5996998228429851,0781,1911,3191,4151,4931,7711,7571,877
Fixed Assets 153166199203221227244247240246262277395
CWIP 7700000000001
Investments 999111244330376467521617689703552
Other Assets 430517613528519521570605654630820777930
Total Assets 5996998228429851,0781,1911,3191,4151,4931,7711,7571,877

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 79741431202813311022864189219195
Cash from Investing Activity + -20-25-37-147-53-78-47-1208-102-73-3
Cash from Financing Activity + -70-48-362729-56-37-135-38-85-39-331
Net Cash Flow -1127014-125-27343108-139
Free Cash Flow 5949103102-51107220549161177151
CFO/OP 136%112%160%114%43%95%91%134%52%107%102%84%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-9.0039.0058.0050.0023.0084.0045.00102.00143.0096.00149.00254.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 768594859087908579657275
Inventory Days 146138145176206186250235234187256227
Days Payable 7467186247257215241308220169227221
Cash Conversion Cycle 148156531440589912938310281
Working Capital Days 646142122437412461343656
ROCE %14%20%25%28%26%26%23%24%23%21%23%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 52.70%52.70%52.70%52.70%52.70%53.00%53.00%53.00%53.00%53.00%53.00%53.36%
FIIs 8.57%8.62%8.58%8.77%9.34%9.55%9.82%10.15%9.80%9.89%10.05%9.07%
DIIs 7.59%8.76%9.62%10.19%10.02%10.39%10.44%10.37%10.97%10.97%10.98%10.44%
Public 31.12%29.90%29.09%28.33%27.95%27.06%26.74%26.50%26.24%26.15%25.97%27.14%
No. of Shareholders 42,85942,62541,18538,11192,44537,16436,83242,65446,77343,98043,11641,958

Shareholding Pattern Chart

No. of Shareholders

Garware Technical Fibres Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund 4,803,273 1.92 314.424,778,8062025-12-15 04:18:470.51%
SBI MNC Fund 3,000,000 3.51 196.38N/AN/AN/A
Edelweiss Small Cap Fund 431,515 0.53 28.25N/AN/AN/A
Kotak ELSS Tax Saver Fund 352,725 0.37 23.0970,5452025-12-08 08:19:18400%
SBI Conservative Hybrid Fund 215,000 0.16 15.4343,0002025-12-08 04:19:33400%
Kotak Manufacture in India Fund 180,845 0.49 11.84N/AN/AN/A
SBI Long Term Advantage Fund - Series V 150,000 2.66 9.82N/AN/AN/A
Bandhan Balanced Advantage Fund 122,715 0.36 8.0375,1142026-02-23 01:41:1863.37%
Bandhan Business Cycle Fund 66,887 0.33 4.3868,0922026-02-23 01:41:18-1.77%
SBI Childrens Fund - Savings Plan 20,000 1.08 1.44N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 23.32102.1683.5479.9274.64
Diluted EPS (Rs.) 23.32102.1683.5479.9274.64
Cash EPS (Rs.) 26.18114.8695.4590.3386.84
Book Value[Excl.RevalReserv]/Share (Rs.) 125.08605.48498.77470.74393.39
Book Value[Incl.RevalReserv]/Share (Rs.) 125.08605.48498.77470.74393.39
Revenue From Operations / Share (Rs.) 155.15650.50640.66576.87501.77
PBDIT / Share (Rs.) 35.95154.48126.33120.50115.93
PBIT / Share (Rs.) 33.09141.78115.38110.09105.92
PBT / Share (Rs.) 31.07133.34109.52104.96100.91
Net Profit / Share (Rs.) 23.33102.1684.5079.9276.82
NP After MI And SOA / Share (Rs.) 23.33102.1684.5079.9276.82
PBDIT Margin (%) 23.1623.7419.7120.8823.10
PBIT Margin (%) 21.3221.7918.0119.0821.10
PBT Margin (%) 20.0220.4917.0918.1920.11
Net Profit Margin (%) 15.0315.7013.1813.8515.31
NP After MI And SOA Margin (%) 15.0315.7013.1813.8515.31
Return on Networth / Equity (%) 18.6416.8716.9416.9719.52
Return on Capital Employeed (%) 25.1622.4322.1322.2925.42
Return On Assets (%) 13.1811.7511.5311.6412.01
Total Debt / Equity (X) 0.040.090.130.080.12
Asset Turnover Ratio (%) 0.870.810.860.850.80
Current Ratio (X) 1.881.921.422.051.79
Quick Ratio (X) 1.281.390.911.491.38
Inventory Turnover Ratio (X) 5.855.631.701.761.33
Dividend Payout Ratio (NP) (%) 2.573.428.383.120.00
Dividend Payout Ratio (CP) (%) 2.293.047.422.760.00
Earning Retention Ratio (%) 97.4396.5891.6296.880.00
Cash Earning Retention Ratio (%) 97.7196.9692.5897.240.00
Interest Coverage Ratio (X) 17.8118.2921.5423.5023.16
Interest Coverage Ratio (Post Tax) (X) 12.5613.1015.4116.5816.35
Enterprise Value (Cr.) 8582.906717.256011.095877.565341.33
EV / Net Operating Revenue (X) 5.575.074.604.945.16
EV / EBITDA (X) 24.0521.3423.3523.6622.35
MarketCap / Net Operating Revenue (X) 5.575.114.544.915.12
Retention Ratios (%) 97.4296.5791.6196.870.00
Price / BV (X) 6.905.495.836.026.53
Price / Net Operating Revenue (X) 5.575.114.544.915.12
EarningsYield 0.020.030.020.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Textiles - GeneralPlot No. 11, Block D-1, MIDC, Chinchwad, Pune Maharashtra 411019Contact not found
Management
NamePosition Held
Mr. B D GarwareFounder & Chairman
Mr. R B GarwareChairman Emeritus
Mr. V R GarwareChairman & Managing Director
Mr. S S RajpathakDirector
Ms. Mallika SagarDirector
Ms. M V GarwareDirector
Mr. A S WagleDirector
Mr. Ashish GoelDirector

FAQ

What is the intrinsic value of Garware Technical Fibres Ltd and is it undervalued?

As of 11 April 2026, Garware Technical Fibres Ltd's intrinsic value is ₹324.17, which is 45.79% lower than the current market price of ₹598.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.7 %), book value (₹131), dividend yield (1.34 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Garware Technical Fibres Ltd?

Garware Technical Fibres Ltd is trading at ₹598.00 as of 11 April 2026, with a FY2026-2027 high of ₹970 and low of ₹579. The stock is currently near its 52-week low. Market cap stands at ₹5,937 Cr..

How does Garware Technical Fibres Ltd's P/E ratio compare to its industry?

Garware Technical Fibres Ltd has a P/E ratio of 28.0, which is below the industry average of 50.91. This is broadly in line with or below the industry average.

Is Garware Technical Fibres Ltd financially healthy?

Key indicators for Garware Technical Fibres Ltd: ROCE of 24.7 % indicates efficient capital utilization; ROE of 18.7 % shows strong shareholder returns. Dividend yield is 1.34 %.

Is Garware Technical Fibres Ltd profitable and how is the profit trend?

Garware Technical Fibres Ltd reported a net profit of ₹232 Cr in Mar 2025 on revenue of ₹1,540 Cr. Compared to ₹165 Cr in Mar 2022, the net profit shows an improving trend.

Does Garware Technical Fibres Ltd pay dividends?

Garware Technical Fibres Ltd has a dividend yield of 1.34 % at the current price of ₹598.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Garware Technical Fibres Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports