Stock P/E, Current Price, and Intrinsic Value Over Time
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
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
278
335
243
282
308
356
304
356
275
370
326
328
289
Expenses
220
264
200
231
253
283
264
294
227
291
267
260
236
Operating Profit
58
71
43
51
56
73
41
62
47
80
58
69
53
OPM %
21%
21%
18%
18%
18%
21%
13%
17%
17%
22%
18%
21%
18%
Other Income
9
6
6
10
5
5
5
8
8
8
9
10
11
Interest
3
2
2
3
4
1
3
3
3
3
4
4
3
Depreciation
5
5
5
5
5
5
5
5
6
6
6
6
7
Profit before tax
59
69
41
53
51
71
37
61
47
78
57
68
55
Tax %
27%
23%
23%
23%
25%
24%
24%
22%
22%
24%
25%
23%
21%
Net Profit
43
53
32
41
38
54
28
48
37
60
43
52
43
EPS in Rs
20.61
25.81
15.49
19.83
18.46
26.14
13.67
23.17
17.95
29.28
21.08
25.75
21.23
Last Updated: August 9, 2024, 6:41 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:41 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
561
599
685
782
825
846
885
1,018
953
1,035
1,189
1,306
1,299
Expenses
500
541
622
703
722
710
724
826
775
830
966
1,076
1,045
Operating Profit
61
58
62
79
103
136
161
192
178
204
223
230
254
OPM %
11%
10%
9%
10%
13%
16%
18%
19%
19%
20%
19%
18%
20%
Other Income
3
6
4
4
6
8
18
21
32
35
25
28
35
Interest
17
14
13
10
9
7
10
14
12
10
11
12
15
Depreciation
16
16
14
12
13
14
15
17
19
21
21
22
24
Profit before tax
32
33
39
61
87
123
153
182
179
208
216
223
250
Tax %
25%
26%
32%
29%
29%
32%
31%
31%
21%
24%
24%
23%
Net Profit
24
25
27
43
62
84
105
126
141
158
165
172
192
EPS in Rs
10.13
10.43
11.75
19.71
28.29
38.55
48.06
57.44
64.22
76.83
79.92
84.50
94.06
Dividend Payout %
25%
24%
22%
15%
12%
13%
9%
9%
26%
3%
9%
4%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
4.17%
8.00%
59.26%
44.19%
35.48%
25.00%
20.00%
11.90%
12.06%
4.43%
4.24%
Change in YoY Net Profit Growth (%)
0.00%
3.83%
51.26%
-15.07%
-8.70%
-10.48%
-5.00%
-8.10%
0.15%
-7.63%
-0.19%
Growth
Compounded Sales Growth
10 Years:
7%
5 Years:
5%
3 Years:
9%
TTM:
1%
Compounded Profit Growth
10 Years:
23%
5 Years:
12%
3 Years:
10%
TTM:
13%
Stock Price CAGR
10 Years:
37%
5 Years:
28%
3 Years:
5%
1 Year:
17%
Return on Equity
10 Years:
19%
5 Years:
19%
3 Years:
18%
Last Year:
19%
Last Updated: September 3, 2024, 7:27 pm
Balance Sheet
Last Updated: August 9, 2024, 6:41 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
Equity Capital
24
22
22
22
22
22
22
22
21
21
20
20
Reserves
243
254
289
344
424
515
628
717
790
950
996
1,213
Borrowings
110
71
40
45
86
138
108
133
102
80
134
123
Other Liabilities
185
253
349
412
309
310
319
319
406
365
343
414
Total Liabilities
563
599
699
822
842
985
1,078
1,191
1,319
1,415
1,493
1,771
Fixed Assets
154
153
166
199
203
221
227
244
247
240
246
262
CWIP
0
7
7
0
0
0
0
0
0
0
0
0
Investments
9
9
9
9
111
244
330
376
467
521
617
689
Other Assets
399
430
517
613
528
519
521
570
605
654
630
820
Total Assets
563
599
699
822
842
985
1,078
1,191
1,319
1,415
1,493
1,771
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 ActivityÂ
34
79
74
143
120
28
133
110
228
64
189
219
Cash from Investing ActivityÂ
2
-20
-25
-37
-147
-53
-78
-47
-120
8
-102
-73
Cash from Financing ActivityÂ
-38
-70
-48
-36
27
29
-56
-37
-135
-38
-85
-39
Net Cash Flow
-3
-11
2
70
1
4
-1
25
-27
34
3
108
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
61.00
-52.00
-9.00
39.00
58.00
50.00
23.00
84.00
45.00
102.00
143.00
96.00
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.
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: 4.92% compared to the current price ₹3,822.00
Intrinsic Value: 4,328.17
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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 13.24% compared to the current price ₹3,822.00
Last 5 Year EPS CAGR: 7.93%
*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 (613.58 cr) compared to borrowings (97.50 cr), indicating strong financial stability.
The company has shown consistent growth in sales (472.38 cr) and profit (137.38 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:
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.
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.
ROE%: 16.87% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 35.8 (Industry average Stock P/E: 0)
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.
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 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.
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
Manage Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
