Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 27 February, 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

Garware Technical Fibres Ltd. Share Price Update

Share PriceValue
Today₹3,461.80
Previous Day₹3,413.00

Basic Stock Data of Garware Technical Fibres Ltd

Market Cap 7,190 Cr.
Current Price 3,528
High / Low3,847/2,587
Stock P/E36.3
Book Value 549
Dividend Yield0.10 %
ROCE21.2 %
ROE17.2 %
Face Value 10.0

Data Source: screener.in

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

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:8%
5 Years:8%
3 Years:11%
TTM:2%
Compounded Profit Growth
10 Years:21%
5 Years:11%
3 Years:7%
TTM:19%
Stock Price CAGR
10 Years:50%
5 Years:27%
3 Years:12%
1 Year:19%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:18%
Last Year:17%

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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters53.02%52.62%52.62%52.62%52.62%52.62%52.62%52.61%52.70%52.70%52.70%52.70%
FIIs7.83%8.35%8.94%8.63%7.88%7.42%7.39%8.33%8.46%8.57%8.62%8.58%
DIIs3.93%3.53%3.25%3.73%4.35%5.48%5.93%6.62%6.98%7.59%8.76%9.62%
Public35.22%35.50%35.19%35.02%35.15%34.48%34.07%32.44%31.85%31.12%29.90%29.09%
No. of Shareholders27,62030,48531,93239,04741,79742,92845,01944,51844,34642,85942,62541,185

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)
Kotak Small Cap Fund - Regular Plan8851912.3279.88
SBI Magnum Global Fund4693602.42148.4
Edelweiss Small Cap Fund759440.9724.01
Kotak ELSS Tax Saver Fund721650.5522.82
SBI Magnum Childrens Benefit Fund - Investment Plan435551.0813.77
Kotak Manufacture in India Fund370000.8711.7
WhiteOak Capital Flexi Cap Fund197880.266.26
SBI Long Term Advantage Fund - Series IV188083.235.95
WhiteOak Capital Mid Cap Fund173580.495.49
Motilal Oswal Nifty Microcap 250 Index Fund90930.622.88

Garware Technical Fibres Ltd ROCE Trend

Garware Technical Fibres Ltd EPS Trend

Garware Technical Fibres Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)83.5479.9274.6464.2257.43
Diluted EPS (Rs.)83.5479.9274.6464.2257.43
Cash EPS (Rs.)95.4590.3386.8473.0265.31
Book Value[Excl.RevalReserv]/Share (Rs.)498.77470.74393.39337.77297.20
Book Value[Incl.RevalReserv]/Share (Rs.)498.77470.74393.39337.78297.21
Revenue From Operations / Share (Rs.)640.66576.87501.77435.56465.14
PBDIT / Share (Rs.)126.33120.50115.9395.8397.37
PBIT / Share (Rs.)115.38110.09105.9287.0389.49
PBT / Share (Rs.)109.52104.96100.9181.7483.22
Net Profit / Share (Rs.)84.5079.9276.8264.2257.43
NP After MI And SOA / Share (Rs.)84.5079.9276.8264.2257.43
PBDIT Margin (%)19.7120.8823.1022.0020.93
PBIT Margin (%)18.0119.0821.1019.9819.23
PBT Margin (%)17.0918.1920.1118.7617.89
Net Profit Margin (%)13.1813.8515.3114.7412.34
NP After MI And SOA Margin (%)13.1813.8515.3114.7412.34
Return on Networth / Equity (%)16.9416.9719.5219.0119.32
Return on Capital Employeed (%)22.1322.2925.4224.3728.17
Return On Assets (%)11.5311.6412.0111.8011.66
Total Debt / Equity (X)0.130.080.120.170.16
Asset Turnover Ratio (%)0.860.850.800.820.98
Current Ratio (X)1.422.051.791.581.30
Quick Ratio (X)0.911.491.381.110.86
Inventory Turnover Ratio (X)1.701.761.331.411.76
Dividend Payout Ratio (NP) (%)8.383.120.0034.257.83
Dividend Payout Ratio (CP) (%)7.422.760.0030.126.88
Earning Retention Ratio (%)91.6296.880.0065.7592.17
Cash Earning Retention Ratio (%)92.5897.240.0069.8893.12
Interest Coverage Ratio (X)21.5423.5023.1618.1215.53
Interest Coverage Ratio (Post Tax) (X)15.4116.5816.3513.1510.16
Enterprise Value (Cr.)6011.095877.565341.332432.832572.55
EV / Net Operating Revenue (X)4.604.945.162.552.53
EV / EBITDA (X)23.3523.6622.3511.6012.07
MarketCap / Net Operating Revenue (X)4.544.915.122.452.43
Retention Ratios (%)91.6196.870.0065.7492.16
Price / BV (X)5.836.026.533.163.81
Price / Net Operating Revenue (X)4.544.915.122.452.43
EarningsYield0.020.020.020.060.05

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 of Garware Technical Fibres Ltd Stock

Fair Value: ₹3431.16

The stock is overvalued by 2.74% compared to the current price ₹3528

*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 is trading at a high valuation with an average P/B ratio of 101.58 and average Dividend Yield of 19.48%.
  2. The stock has a high average Working Capital Days of 80.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 94.08, which may not be favorable.

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