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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Garware Technical Fibres Ltd

About the Company - Garware Technical Fibres Ltd

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 Non-specialized wholesale trade. Company’s Total Operating Revenue is Rs. 1176.05 Cr. and Equity Capital is Rs. 20.62 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - GeneralPlot No.11, Block D-1, Pune Maharashtra 411019secretarial@garwarefibres.com
http://www.garwarefibres.com
Management
NamePosition Held
Mr. V R GarwareChairman & Managing Director
Mr. S P KulkarniDirector
Mr. R M TelangDirector
Mr. S S RajpathakDirector
Ms. Mallika SagarDirector
Ms. M V GarwareDirector

Basic Stock Data of Garware Technical Fibres Ltd

Last Updated: June 20, 2024, 10:50 pm

Market Cap 8,220 Cr.
Current Price 4,032
High / Low4,289/3,002
Stock P/E39.5
Book Value 605
Dividend Yield0.09 %
ROCE23.0 %
ROE18.5 %
Face Value 10.0
PEG Ratio4.98

Garware Technical Fibres Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales278335243282308356304356275370326328289
Expenses220264200231253283264294227291267260236
Operating Profit58714351567341624780586953
OPM %21%21%18%18%18%21%13%17%17%22%18%21%18%
Other Income9661055588891011
Interest3223413333443
Depreciation5555555566667
Profit before tax59694153517137614778576855
Tax %27%23%23%23%25%24%24%22%22%24%25%23%21%
Net Profit43533241385428483760435243
EPS in Rs20.6125.8115.4919.8318.4626.1413.6723.1717.9529.2821.0825.7521.23

Last Updated: June 14, 2024, 6:32 pm

Garware Technical Fibres Ltd Quarterly Chart

Garware Technical Fibres Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5615996857828258468851,0189531,0351,1891,3061,299
Expenses5005416227037227107248267758309661,0761,045
Operating Profit61586279103136161192178204223230254
OPM %11%10%9%10%13%16%18%19%19%20%19%18%20%
Other Income36446818213235252835
Interest171413109710141210111215
Depreciation16161412131415171921212224
Profit before tax3233396187123153182179208216223250
Tax %25%26%32%29%29%32%31%31%21%24%24%23%
Net Profit242527436284105126141158165172192
EPS in Rs10.1310.4311.7519.7128.2938.5548.0657.4464.2276.8379.9284.5094.06
Dividend Payout %25%24%22%15%12%13%9%9%26%3%9%4%

Garware Technical Fibres Ltd Profit & Loss Yearly Chart

Garware Technical Fibres Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:5%
3 Years:9%
TTM:2%
Compounded Profit Growth
10 Years:23%
5 Years:12%
3 Years:10%
TTM:22%
Stock Price CAGR
10 Years:44%
5 Years:28%
3 Years:10%
1 Year:30%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:18%
Last Year:19%

Last Updated: June 18, 2024, 6:11 am

Garware Technical Fibres Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital24242222222222222221212020
Reserves2272432542893444245156287177909509961,098
Borrowings1401107140458613810813310280134116
Other Liabilities182185253349412309310319319406365343338
Total Liabilities5735635996998228429851,0781,1911,3191,4151,4931,573
Fixed Assets167154153166199203221227244247240246253
CWIP3077000000000
Investments99999111244330376467521617664
Other Assets394399430517613528519521570605654630657
Total Assets5735635996998228429851,0781,1911,3191,4151,4931,573

Garware Technical Fibres Ltd Reserves and Borrowings Chart

Garware Technical Fibres Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 523479741431202813311022864189
Cash from Investing Activity -292-20-25-37-147-53-78-47-1208-102
Cash from Financing Activity -1-38-70-48-362729-56-37-135-38-85
Net Cash Flow22-3-1127014-125-27343

Garware Technical Fibres Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days978576859485908790857965
Inventory Days179168146138145176206186250235234187
Days Payable78797467186247257215241308220169
Cash Conversion Cycle1991741481565314405899129383
Working Capital Days12011488746049817692608572
ROCE %12%14%20%25%28%26%26%23%24%23%21%

Garware Technical Fibres Ltd Financial Efficiency Indicators Chart

Garware Technical Fibres Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
Promoters52.62%52.62%52.62%52.62%52.61%52.70%52.70%52.70%52.70%52.70%52.70%53.00%
FIIs8.63%7.88%7.42%7.39%8.33%8.46%8.57%8.62%8.58%8.77%9.34%9.25%
DIIs3.73%4.35%5.48%5.93%6.62%6.98%7.59%8.76%9.62%10.19%10.02%10.18%
Public35.02%35.15%34.48%34.07%32.44%31.85%31.12%29.90%29.09%28.33%27.95%27.57%
No. of Shareholders39,04741,79742,92845,01944,51844,34642,85942,62541,18538,11192,44540,877

Garware Technical Fibres Ltd Shareholding Pattern Chart

No. of Garware Technical Fibres Ltd Shareholders

Garware Technical Fibres Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan885,1912.3279.8872,1652024-06-181126.62%
SBI Magnum Global Fund469,3602.42148.472,1652024-06-18550.4%
Edelweiss Small Cap Fund75,9440.9724.0172,1652024-06-185.24%
Kotak ELSS Tax Saver Fund72,1650.5522.8272,1652024-06-180%
SBI Magnum Childrens Benefit Fund - Investment Plan43,5551.0813.7772,1652024-06-18-39.65%
Kotak Manufacture in India Fund37,0000.8711.772,1652024-06-18-48.73%
WhiteOak Capital Flexi Cap Fund19,7880.266.2672,1652024-06-18-72.58%
SBI Long Term Advantage Fund - Series IV18,8083.235.9572,1652024-06-18-73.94%
WhiteOak Capital Mid Cap Fund17,3580.495.4972,1652024-06-18-75.95%
Motilal Oswal Nifty Microcap 250 Index Fund9,0930.622.8872,1652024-06-18-87.4%

Garware Technical Fibres Ltd ROCE Trend

Garware Technical Fibres Ltd EPS Trend

Garware Technical Fibres Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)102.1683.5479.9274.6464.22
Diluted EPS (Rs.)102.1683.5479.9274.6464.22
Cash EPS (Rs.)114.8695.4590.3386.8473.02
Book Value[Excl.RevalReserv]/Share (Rs.)605.48498.77470.74393.39337.77
Book Value[Incl.RevalReserv]/Share (Rs.)605.48498.77470.74393.39337.78
Revenue From Operations / Share (Rs.)650.51640.66576.87501.77435.56
PBDIT / Share (Rs.)154.48126.33120.50115.9395.83
PBIT / Share (Rs.)141.78115.38110.09105.9287.03
PBT / Share (Rs.)133.34109.52104.96100.9181.74
Net Profit / Share (Rs.)102.1684.5079.9276.8264.22
NP After MI And SOA / Share (Rs.)102.1684.5079.9276.8264.22
PBDIT Margin (%)23.7419.7120.8823.1022.00
PBIT Margin (%)21.7918.0119.0821.1019.98
PBT Margin (%)20.4917.0918.1920.1118.76
Net Profit Margin (%)15.7013.1813.8515.3114.74
NP After MI And SOA Margin (%)15.7013.1813.8515.3114.74
Return on Networth / Equity (%)16.8716.9416.9719.5219.01
Return on Capital Employeed (%)22.4322.1322.2925.4224.37
Return On Assets (%)11.7511.5311.6412.0111.80
Total Debt / Equity (X)0.090.130.080.120.17
Asset Turnover Ratio (%)0.810.860.850.800.82
Current Ratio (X)1.921.422.051.791.58
Quick Ratio (X)1.390.911.491.381.11
Inventory Turnover Ratio (X)1.571.701.761.331.41
Dividend Payout Ratio (NP) (%)0.008.383.120.0034.25
Dividend Payout Ratio (CP) (%)0.007.422.760.0030.12
Earning Retention Ratio (%)0.0091.6296.880.0065.75
Cash Earning Retention Ratio (%)0.0092.5897.240.0069.88
Interest Coverage Ratio (X)18.2921.5423.5023.1618.12
Interest Coverage Ratio (Post Tax) (X)13.1015.4116.5816.3513.15
Enterprise Value (Cr.)6717.246011.095877.565341.332432.83
EV / Net Operating Revenue (X)5.074.604.945.162.55
EV / EBITDA (X)21.3423.3523.6622.3511.60
MarketCap / Net Operating Revenue (X)5.114.544.915.122.45
Retention Ratios (%)0.0091.6196.870.0065.74
Price / BV (X)5.495.836.026.533.16
Price / Net Operating Revenue (X)5.114.544.915.122.45
EarningsYield0.030.020.020.020.06

Garware Technical Fibres Ltd Profitability Ratios (%)

Garware Technical Fibres Ltd Liquidity Ratios

Garware Technical Fibres Ltd Liquidity Ratios (%)

Garware Technical Fibres Ltd Interest Coverage Ratios (%)

Garware Technical Fibres Ltd Valuation Ratios

Fair Value

Fair Value: 4,425.02

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.

Undervalued: 9.75% compared to the current price 4032

Intrinsic Value: 4,775.97

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 18.45% compared to the current price ₹4032

Last 5 Year EPS CAGR: 7.93%

*Investments are subject to market risks

Strength and Weakness of Garware Technical Fibres Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.17%, which is a positive sign.
  2. The company has higher reserves (575.00 cr) compared to borrowings (100.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (472.38 cr) and profit (137.38 cr) over the years.
  1. The stock has a high average Working Capital Days of 80.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 94.08, which may not be favorable.

FAQ

What is the latest fair value of Garware Technical Fibres Ltd?

The latest fair value of Garware Technical Fibres Ltd is ₹4425.02.

What is the Market Cap of Garware Technical Fibres Ltd?

The Market Cap of Garware Technical Fibres Ltd is 8,220 Cr..

What is the current Stock Price of Garware Technical Fibres Ltd as on 21 June 2024?

The current stock price of Garware Technical Fibres Ltd as on 21 June 2024 is ₹4,032.

What is the High / Low of Garware Technical Fibres Ltd stocks in FY 2024?

In FY 2024, the High / Low of Garware Technical Fibres Ltd stocks is 4,289/3,002.

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

The Stock P/E of Garware Technical Fibres Ltd is 39.5.

What is the Book Value of Garware Technical Fibres Ltd?

The Book Value of Garware Technical Fibres Ltd is 605.

What is the Dividend Yield of Garware Technical Fibres Ltd?

The Dividend Yield of Garware Technical Fibres Ltd is 0.09 %.

What is the ROCE of Garware Technical Fibres Ltd?

The ROCE of Garware Technical Fibres Ltd is 23.0 %.

What is the ROE of Garware Technical Fibres Ltd?

The ROE of Garware Technical Fibres Ltd is 18.5 %.

What is the Face Value of Garware Technical Fibres Ltd?

The Face Value of Garware Technical Fibres Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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